Dharmaj Crop Guard IPO opened for subscription on Monday, 28 November, and will close on 30 November. The price band for the IPO has been fixed Rs 216–237 per share. Dharmaj Crop Guard IPO comprises a fresh issue of shares worth Rs 216 crore and a sale of 14.83 lakh…
By Siddhant Mishra Shares of media company New Delhi Television (NDTV) rose 5% to Rs 447.70 on Wednesday, hitting the upper circuit for the fourth straight session. NDTV announced in a stock exchange filing late on Tuesday that founders Prannoy and Radhika Roy have resigned from the board of directors…
By Kashyap Javeri The Indian equity markets, like most of the global equity markets, have been on a rollover last eighteen months. From the lows of March 2020, the large-cap indices have gained nearly 100-110% and the mid & small-cap indices have gained by 150%-200%. But this is more to do…
By Siddhant Mishra Auto stocks fell on Friday, taking the S&P BSE auto index down by 1.3%, after the wholesale despatches data for November disappointed the Street. Maruti Suzuki and Mahindra & Mahindra (M&M) were among the biggest drags on the sectoral gauge. The M&M stock lost 2.6% while the…
Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short of workers. In…
By Gaurav Garg Nifty 50 has toppled around 3%, last week, from all-time highs which should be considered a healthy correction. In bull markets like these, a 3-5% correction is healthy for the long-term uptrend of the market. I expect the markets to be sideways in the coming few weeks…
Domestic institutional investors (DIIs) turned net sellers in the month of November. NSE Data shows that DIIs offloaded stocks worth around Rs 6,300 crore in November 2022. Despite the selling, India’s benchmark indices BSE Sensex and NSE Nifty 50 scaled new highs, as Foreign institutional investors (FIIs) pumped in over…
The Indian rupee opened marginally lower at 81.67 per dollar on Friday, down from the previous close. The local unit is expected to trade in a range of 79-82 against the US dollar in 2023 as it may continue to face pressure from external factors, according to experts. “Maybe 80-82…
By Shrikant Chouhan The Nifty 50 and BSE Sensex ended 145 and 396 points lower, respectively. Among sectors, PSU Banks and Pharma indices witnessed selling pressure, while despite weak market sentiment, the Auto index rallied over 2.5 per cent. Technically, on intraday charts, the Nifty and Sensex formed lower top…
By Sameet Chavan In the initial hour of the trade on Thursday, Nifty 50 slid below 18100, and then as the day progressed, the bears thrashed all key supports one after another. Due to massive sell-off in individual stocks, Nifty eventually plunged below 17900 to conclude the October expiry on…