Equity markets had a historical journey in Samvat 2077, as it touched new lifetime highs with Nifty/Sensex surpassing the 18k/60k mark for the first time in history. The recent sprint to 15k in Feb’21 and 18k in Oct’21, from pandemic lows of 7.6k in Mar’20 – amid lockdowns and other…
Indian share markets have rallied sharply of late, hitting fresh record highs and drawing the attention of investors from all over the world. However, as the benchmark NSE Nifty 50 has soared amid the volatility, its P/E ratio has jumped too. The current P/E ratio is 22.5. Is this expensive?…
Indian benchmark indices BSE Sensex and NSE Nifty 50 are likely to open on a muted note, hinted SGX Nifty. Nifty futures were trading 11 pts or 0.06% lower at 18747 levels, signalling a flat to negative start for domestic share market. “Market momentum to continue although the pace of…
Paytm share price jumped 5 per cent in early deals on Friday, touching an intraday high of Rs on Rs 544 on NSE. The jump comes a day after the fintech company announced that the board of directors is meeting later this month to consider a share buyback proposal. In…
World stocks and oil prices battled to pull out of a four-day slide on Thursday as deeply inverted bond yield curves and choppy currency markets underscored the simmering concerns among investors about economic stagnation next year. Signs of China relaxing its COVID curbs had sent Hong Kong’s Hang Seng up…
The initial share-sale of engineering systems and solutions provider Uniparts India will open for public subscription on November 30. The three-day initial public offering (IPO) will conclude on December 2. The bidding for anchor investors will open on November 29, according to the red herring prospectus (RHP). The IPO is…
Share market holidays December: Indian stock markets will see no trading holiday in the month of December. Aside from the weekend holidays, trading on both BSE and NSE will function normally on all other weekdays next month. Earlier this month, stock market remained closed on Tuesday, November 8 on the…
The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit to make it more relevant, an official said on Friday. Currently, shares held for more than one year attract a 10 per…
The Employees’ State Insurance Corporation will now be able to invest its surplus funds in equities but only through exchange traded funds. The decision was taken at the 189th meeting of the ESIC, chaired by Union minister of labour and employment Bhupender Yadav, on Sunday. According to the decision, the…
Oil prices jumped 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for fuel demand, more Chinese cities eased COVID-19 curbs over the weekend. Brent…