The Nifty index began the June series on a positive note, and after the initial event euphoria subsided, the bulls took full control, pushing the index past the psychological 24,000 mark to a new all-time high of 24,087. Despite dropping to 21,280 levels during political volatility in the first week, […]
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The Indian auto industry is accelerating at full throttle, driven by a significant surge in vehicle demand, improved export performance, a drop in raw material prices, and a recovery in the rural market. This surge is clearly reflected in the soaring performance of auto stocks, with many achieving record highs […]
June has proven to be a strong month for Avenue Supermarts (DMart) as its stock surged by approximately 10%, marking a notable rebound following a decline of 6.5% in May. DMart saw its stock rise by 21% over the three-month period from February to April. However, the year started on […]
The Nifty Midcap 50 outperformed the Nifty 50, closing 0.44% up. Similarly, the Nifty Small Cap 100 outperformed the Nifty 50, ending at 18165.0, up by 152.7 points and 0.84% higher. The Nifty 50 has provided the following returns: – In the last 1 week: 2.08% – In the last […]
Shares of Reliance Industries and Bharti Airtel hit their fresh all-time highs in intraday trade on Friday, 28 June, indicating investors’ positive reaction to the tariff hike reports. Industry experts anticipated tariff hikes following the Lok Sabha elections due to declining revenue and margins in the sector. Companies require capital […]
Cipla Ltd’s shares have declined 4% after saying last week that the US Food and Drug Administration found its plant in Goa did not meet norms and issued Form 483 to the company. While this does not affect the company’s existing US business, it may delay the launch of a […]
The retail (RII) portion accounts for 14.44 lakh equity shares, while the HNI portion is allocated 6.19 lakh equity shares, the net QIBs are allocated 8.25 lakh equity shares, and the anchor investors are allocated 12.38 lakh equity shares. The market maker is allocated 2.3 lakh equity shares, and the […]
Stanley Lifestyles shares had a strong debut on Dalal Street, opening at ₹499 on BSE and ₹494.95 on NSE, delivering a substantial 35 percent listing gain to the lucky allottees. However, the stock failed to sustain these levels, and profit booking was soon triggered. This profit booking was largely due […]
Gold rate today witnessed selling pressure as investors await the release of the US inflation data on Friday. Gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 expiry opened downside at ₹71,422 per 10 gm and intraday low of ₹71,402. However, the MCX gold rate witnessed some […]
Medicamen Organics share price made a stellar stock market debut on Friday as the stock was listed at ₹137.85 apiece on NSE SME, a premium of 305.44% to the issue price of ₹34 per share. Medicamen Organics IPO listing was stronger than the market expectations. Medicamen Organics IPO GMP today […]