Source: Live Mint Stock market today: Indian stock market benchmarks- the Sensex and the Nifty 50- plunged by a per cent each in morning trade on Thursday, November 21, amid weak global cues. The domestic market witnessed a broad selloff as mid and small-cap segments also suffered losses. The overall market capitalisation (m-cap) of BSE-listed…
Source: Live Mint Indian investors are facing a challenging time as both major asset classes, equities and gold, are undergoing a selloff. Indian stock market benchmark, Nifty 50, is down 10.5 per cent from its record high of 26,277.35. On the other hand, MCX Gold for December 5 expiry is down 5.3 per cent from…
Source: Live Mint A few stocks on Dalal Street continue to face extended sell-off pressure due to a variety of factors, including weak financial performance, rising competition, softening demand, and macroeconomic headwinds. As a result, these stocks remain sidelined, despite the overall market performing exceptionally well. One such stock in this regard is Delhivery—India’s largest…
Source: Live Mint Shares of Elcid Investments, which recently grabbed headlines for a massive one-day spike, have once again caught the attention of investors following the release of the company’s financial results for the September quarter. The company reported a 143.5% year-on-year (YoY) jump in its consolidated revenue to ₹56 crore. However, on a sequential…
Source: Live Mint UPL announced on Wednesday, November 20, that it would raise ₹3,377.74 crore through a rights issue of 9,38,25,95 partly paid shares at ₹360 per rights equity share. The company will issue shares in the ratio of 1:8, or one equity share for every eight equity shares held. The record date for this…
Source: Live Mint The Indian market is currently undergoing a corrective phase, impacted by the rise in the dollar index following Donald Trump’s victory in the 2024 US Presidential elections, along with continuous outflows from foreign investors and the Middle East crisis. While the last session was a positive one for the Indian markets after…
Source: Live Mint Stock market crash: The Indian stock market benchmark Nifty 50 broke its seven-session losing streak on Tuesday, 19 November, closing 0.28% higher at 23,518.50. However, the index gave up most of the gains it made earlier in the session. Despite ending in the green, it remains approximately 10.5% below its record high…
Source: Live Mint The outcome of the Maharashtra assembly elections is expected to have minimal impact on the Indian stock market, although it could carry significant political implications, according to experts. Although state elections do not directly impact the functioning of the central government, they can still have some second-order effects. Maharashtra is set to…
Source: Live Mint Onyx Biotec IPO allotment: The allotment of Onyx Biotec’s initial public offering (IPO) will be finalised soon, after overwhelming interest and robust subscriptions for the share sale issue. The SME IPO, valued at ₹29.34 crore, opened for bidding on November 13 and closed on November 18. The price band was set in…
Source: Live Mint Titan Company is currently navigating a challenging period, with its stock down 17% over the past two months, driven by weaker-than-expected Q2 earnings and shrinking profit margins. However, the upcoming wedding season could provide a potential catalyst for recovery in Titan’s jewellery segment, helping to drive margin recovery and bolster overall profitability….