The wider NSE Nifty fell 24 points, or 0.11 percent, to trade at 20,882, while the 30-share BSE Sensex pack fell 123 points, or 0.18 percent, to trade at 69,428,. OVERVIEW Early trading on Wednesday saw a decline in Indian equity benchmarks, led by stocks in the banking, financial, and information technology (IT) sectors. The…
Management shift: The stock of General Insurance Corporation has increased by more than 75% year to date, outpacing the 15% increase in the benchmark Nifty 50. General Insurance Corporation (GIC Re) shares increased by more than 8% after a significant management shift that replaced deputy general manager Satheesh Kumar with Suresh Savaliya as company secretary,…
Today’s Stocks: Following record highs last Friday, the equity benchmark indices Sensex and Nifty are expected to begin on a gloomy note on Monday. The Nifty, in particular, broke through the 21,000 barrier for the first time in the previous session. At 7:30 a.m., the Gift Nifty futures were nearly flat at 21,079, compared to…
Bank of China eyes de-dollarization move The Bank of China office in Zambia is pushing for increased yuan transactions between the country and its neighbors. China’s only bank in Zambia, the state-owned company serves as a clearinghouse as well. In terms of assets, it is the fourth-biggest bank globally. As reported by Bloomberg, the bank’s…
Oil prices rebound Synopsis: “Oil markets may have been oversold,” according to a report from Tina Ting, a markets analyst with CMC Markets, suggesting the recovery is only a “short-term rebound.” Oil prices: recovered a portion of their losses in early Asian trade, but they were still at their lowest points since June. The previous…
The markets open with the Sensex reaching a new high of 69,599 and the Nifty approaching 21,000. Benchmarks for the equity markets, the Sensex and Nifty, continued to rise for the seventh straight day on Wednesday, setting new records as a result of persistent buying by foreign institutional investors and a decline in the price…
BSE share price: So far in 2023, the BSE share price has increased by more than 360%, providing investors with multi-bagger returns. On Monday, the stock rose more than 3% to a new 52-week high of $2,595.00 per share, extending gains for the seventh day in a row. According to brokerage firm Sharekhan, despite a…
Nifty: The short-term technical picture for the Nifty remains bullish, with resistance at 20500–20751 and support at 20089–19909, according to Prashanth Tapse, Senior VP (Research), Mehta Equities. In the shortened week, the Indian equity market recorded strong gains and continued its winning streak for the fifth week in a row. This helped the Nifty50 test…
The domestic equity Stock Market saw healthy gains on Friday, December 1, with the benchmark Nifty 50 reaching a new intraday high of 20,291.55 on all-round buying after India’s Q2 GDP numbers exceeded expectations. The Nifty 50 ended 135 points, or 0.67 percent, higher at 20,267.90. During the session, the midcap and smallcap indices also…
Tata Technologies’ initial public offering (IPO) was listed at a whopping 140% premium on Indian bourses on Thursday during a special pre-open session. However, after providing a multi-bagger return to the lucky allottees, Tata Technologies’ share price extended its gains and reached 1400 apiece levels on NSE, delivering a 180 percent listing premium to those…
