IIFL Finance's Share price fell 20% today as a result of RBI action. What's happening?

IIFL Finance’s Share price fell 20% today as a result of RBI action. What’s happening?

IIFL Finance’s Share price: IIFL Finance’s share price ended the previous session on the NSE 3 percent down at ₹598.00. IIFL Finance Shares plummeted 20% today (March), hitting the lower circuit after the Reserve Bank of India (RBI) directed the company to stop authorizing or disbursing gold loans immediately. According to a press release issued…

Read More
Stocks: Sensex steady, Nifty gains 40 points in special session

Stocks: Sensex steady, Nifty gains 40 points in special session; Tata Steel climbs 4%, Auro Pharma surges 5%.

Stocks: The BSE Sensex reached fresh highs of 73,994.70 during the day. However, the BSE’s barometer eventually finished 60.80 points, or 0.08 percent higher, at 73,806.15. During the special trading session on Saturday, which ended at 12.30 pm, domestic equities markets ultimately closed modestly higher, despite the headline indexes reaching new highs. Trade was held…

Read More
Exicom Tele-Systems: Capitalists rush to Exicom Tele-Systems

Exicom Tele-Systems: Capitalists rush to Exicom Tele-Systems

Exicom Tele-Systems: On its first day of opening on Tuesday, the initial public offering (IPO) of Exicom Tele-Systems Ltd. saw overwhelming interest from retail investors and non-institutional buyers (HNIs), with subscriptions exceeding 10 times the offering. The IPO, priced at ₹135–142 per share, has garnered significant attention. According to NSE data, the ₹429-crore IPO received…

Read More