Top News India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024. The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times. Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on […]
investments
You may have heard about demat (Dematerialised) accounts, which is a must for owning shares and other securities such as exchange traded funds (ETFs). But you will do well to remember that you have to open a trading account alongside a demat account to be able to seamlessly buy and […]
Top News Indian market capitalization reached up to $5 trillion as a result of domestic markets growing by $1 trillion in under 6 months. Shares of Awfis Space Solutions got listed at a premium of 13% over issue price of ₹383. JM AMC, Motilal Oswal AMC, Mahindra Manulife and Helios […]
The stock has consistently hit its 2 percent upper circuit since March 14, 2024. This year so far, the stock has given negative returns in just 12 sessions. All 5 months of the current calendar year have been in the green for Royal India. It has jumped 45 percent in […]
In the last 3 years as well, the stock has given exceptional returns, rallying 11007 percent from ₹16.5 in May 2021. Meanwhile, in the last 1 year, it has soared 468 percent and it surged 87.5 percent in 2024 YTD. This year so far, the scrip has given positive returns […]
Shares of Finolex Cables surged over 25 percent in 2 sessions after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The stock jumped as much as 11.7 percent in intra-day deals on Monday to its record high of ₹1,433. This is the second consecutive session in […]
The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries’ economies. Both India and Indonesia coincidentally had elections this year, showcasing to the world their ambition to transition into major economic […]
Top News SEBI has issued regulations requiring listed entities to verify market rumours following significant price movements. Unaffected prices will be considered for transactions within 24 hours of confirming a rumour, excluding its impact on share prices. This framework applies to top 100 listed entities from June 01, 2024, and […]
GameStop Corp. shares rallied in late trading after the retail trader favorite announced it brought in nearly $1 billion from a share sale program. The video-game retailer capitalized on a flurry of trading earlier this month by selling 45 million shares to raise roughly $933 million, according to a statement […]
Shares of Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for […]