Indian stock market: Market indices both Sensex and Nifty witnessed contrasting trends. The large-cap indices, Nifty 50 and Sensex, closed at record highs, whereas the mid-cap and small-cap indices experienced a one percent decline each. The Nifty 50 closed at a new record high of 24,800.85, rising 188 points or […]
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The Nasdaq and the S&P 500 rebounded on Thursday, as megacap and chip stocks regained ground. At 9:39 a.m. ET, the Dow Jones Industrial Average was up 13.09 points, or 0.03 per cent, at 41,211.17, the S&P 500 was up 18.07 points, or 0.32 per cent, at 5,606.34, and the […]
Brokerage firm Prabhudas Lilladher has raised its 12-month forward target for the benchmark Nifty to 26,398 from 25,816, as compared to a month ago. “In the Base Case,PL values NIFTY at 3% discount to 15-year average PE (18.6x) with March 26 EPS of 1,417 and arrives at a 12-month target […]
Finance Minister Nirmala Sitharaman is set to present the full-year Union Budget for FY24-25 on July 23, 2024. The impact of the Union Budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. […]
With the demand outlook for middle-income and affordable houses expected to stay strong, Motilal Oswal Alternates (MO Alts), the alternative investment arm of Motilal Oswal Financial Services Ltd, has closed the first two transactions from its new real estate fund with cumulative investments of ₹190 crore, two company executives told […]
Prizor Viztech IPO Allotment Update: After receiving a robust response from investors during the bidding period from July 12 to July 16, attention now turns to the allotment procedure for Prizor Viztech. The allotment for the Prizor Viztech IPO is expected to be finalised today. Investors can monitor their allotment […]
Sanstar IPO opens for subscription on tomorrow (Friday, July 19). The company is among India’s top manufacturers of plant-based speciality products and ingredient solutions for use in food, industrial, and animal nutrition applications. With an installed capacity of 3,63,000 tons annually (1,100 tons per day), the firm ranks fifth in […]
The initial public offering (IPO) of Aelea Commodities garnered significant interest and robust subscription. With the bidding period now concluded, investors eagerly wait for the IPO allotment, expected to be finalised today. The Aelea IPO, valued at ₹51 crore, opened for subscription on July 12 and closed on July 16, […]
Stock Pick: IRB Infrastructure Developers Ltd share price having gained 169% in a year has given Multibagger returns to the investors. Benefitting from the Infrastructure push The IRB Infrastructure share price and other infrastructure companies have remained in spotlight during the past due to strong impetus provided by the government […]
Extending its winning streak for the fourth consecutive trading session, the Nifty IT index achieved a significant milestone, crossing the 40,000 mark for the first time and hitting a new all-time high of 40,059 points, marking a gain of 2.10%. This milestone comes after the index first surpassed the 39,500 […]