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Source: Live Mint The Indian stock market continued to consolidate for another week, losing over half a per cent, signalling the continuation of a corrective phase. The week began cautiously due to concerns ahead of the US Presidential elections, followed by a brief mid-week recovery after the poll results. The gains could not hold, reflecting…
Source: Live Mint Penny stock Srestha Finvest is likely to draw investor attention on Monday, November 11, after the company announced it held an extraordinary general meeting (EGM) on Friday, November 8, to approve a special resolution for raising capital through a QIP. In an exchange filing post-market hours on November 8, the NBFC firm…
Source: Live Mint Buy or sell stocks: Indian stock market benchmarks- the Sensex and the Nifty 50- closed with losses for the week ended November 8, primarily due to foreign capital outflow amid concerns over weak Q2 earnings and elevated valuations. A 25 bps rate cut by the US Fed offered no relief as the…
Source: Live Mint Fund managers, advisors and market watchers are always talking about asset allocation. Asset allocation means diversifying your investments across different assets like equity, gold, real estate and fixed return securities among others. Asset prices go through cycles and having a diversified exposure allows you to safeguard overall portfolio returns when any one…
Source: Live Mint Indian stock market faced a sharp correction in October, driven by sustained selling from Foreign Portfolio Investors (FPIs), who shifted to more attractively valued markets like China amid weaker domestic corporate earnings. According to data from the National Securities Depository Ltd (NSDL), FPIs recorded net sales of ₹94,017 crore in Indian equities…
Source: Live Mint Breakout stocks to buy or sell: Indian stock market benchmarks, the Sensex and the Nifty 50, snapped their two-day winning run in the previous session on heavy profit booking across segments. The Sensex and the Nifty 50 both fell over a per cent, while the mid- and small-cap indices on the BSE…
Source: Live Mint Bharat Global Developers (BGDL) share price was locked in the 5% upper circuit limit on Thursday, November 7 after the company announced the receipt of an order from Reliance Industries Ltd (RIL). BGDL stock price was trading 5% higher at ₹903.40 apiece on the BSE. Bharat Global Developers said it has been…
Source: Live Mint Niva Bupa Health Insurance Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue and an offer-for-sale (OFS) component, opened for subscription on Thursday, November 7. The public offer was subscribed 65 per cent on the first day as investors bid for 11.19 crore shares, compared to 17.28 crore…
Source: Live Mint Swan Energy shares surged 14.68 per cent to reach an intraday high of ₹569.45 on Thursday, November 7, after the company disclosed that it has no assets or business operations in Myanmar. Swan Energy also said it has no association or affiliation with Asia Sun Trading Company, which is owned or controlled…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower and remain volatile on Thursday amid mixed global market cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,450 level, a discount of nearly…
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