The market capitalisation of BSE-listed firms reached an all-time high of Rs 288.50 lakh crore on Wednesday amid an ongoing rally in equities, as the benchmark Sensex settled above 63,000-level for the first time ever. The 30-share BSE barometer climbed 417.81 points or 0.67 per cent to settle at 63,099.65,…
By Dharmesh Shah Equity benchmarks extended profit booking over a second consecutive session and concluded the previous week on a subdued note. The Nifty skidded 2.4% to settle for the week at 17672. The broader markets performed in tandem with the benchmark and settled 2% lower. Sectorally, pharma, PSU Banks…
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…
PB Fintech share prices soared 6% in trade on Friday morning before settling to trade 2% higher amid reports of Softbank divesting a 5% stake in the PolicyBazaar parent. Despite reports of the block deal being sold at a discount from Thursday’s closing price, Policybazaar shares rallied to hit an…
Cipla received an update from the US FDA regarding inspection conducted in August 2022 at its Goa plant that it retains OAI (official action indicated) status for the facility. This implies that the FDA (food and drug administration) may continue to withhold product approvals from this plant till outstanding GMP…
The rupee pared its initial gains and settled down by 9 paise at 81.35 (provisional) against the US dollar on Friday as the support from weak dollar was negated by weak domestic markets and a surge in crude oil prices. Forex traders said foreign fund outflows also weighed on investor…
Foreign investors have upgraded India as a dedicated allocation in their investment portfolios given the strong economy, stable government and significant reforms undertaken over the last eight years, equity experts have said. According to the experts, who participated in Futures Industry Association (FIA) Asia trade conference held in Singapore from…
Two months after harvesting the kharif soyabean crop, Narayan Singh, a farmer from Nipaniya Baijnath village of Malwa region in Madhya Pradesh, is still holding on to a chunk of the produce in anticipation of higher prices. In this kharif season, Singh harvested nearly 55 quintals of soyabean crop from…
Indian stock indices were trading in green in mid-day deals despite negative cues from the Asian markets. The 30-share BSE Sensex was up 70 points while NSE Nifty 50 rose marginally by 0.09%. In other Asian markets, Japan’s Nikkie 225 fell 111.97 points or 0.40% to 27,574.43, Taiwan’s FTSE TWSE…