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Source: Live Mint The combined market capitalization of six of the top 10 most valuable companies surged by ₹1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the top gainers, in line with positive trends in equities. The BSE benchmark rose by 1,653.37 points or 1.99 per cent over the week. On…
Source: Live Mint Stock Market News: On Friday, the domestic benchmark indices, Sensex and Nifty 50, reached all-time highs and recorded weekly gains following a substantial interest rate cut by the US Federal Reserve earlier in the week, which stimulated investor risk appetite in global markets. The Nifty 50 climbed 1.48% to 25,790.95, while the…
Source: Live Mint Gold and Silver Prices Today: Gold prices observed a modest increase on Sunday. The cost of 24 carat gold is Rs.7610.3 per gm, reflecting an increase of Rs.810.0. The cost of 22 carat gold is Rs.6977.3 per gm, up by Rs.740.0. The price change in 24 carat gold over the past week…
Source: Live Mint The Indian stock market registered an exceptional week, achieving historic record highs largely driven by a 50-basis-point (bps) rate cut by the US Federal Reserve, showing no significant concerns about the US economy. In the last week of September, investors will closely monitor key market triggers such as domestic and global macroeconomic…
Source: Live Mint Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps…
Source: Live Mint IPO check: Since August and up to the third week of September, there have been 17 mainboard IPO listings. Assessing their performance, about 8 out of the 17 are trading below their listing price. Apart from Ola Electric Mobility Ltd and Kross Ltd, which had a flat listing, the others have listed…
Source: Live Mint The Leela luxury hotel chain’s parent Schloss Bangalore has filed draft red herring papers (DRHP) for a ₹5,000 crore ($599 million) initial public offering (IPO) on September 20, data on the exchanges showed. As per the exchange filing, Schloss is eyeing fresh issue of shares worth ₹3,000 crore, and shareholder Project Ballet…
Source: Live Mint This month China’s central bank revealed that its digital currency, the e-CNY, had been used for 7trn-yuan-worth of transactions in its short life—an amount equivalent to almost $1trn. China is not alone. Over 130 countries are exploring digital currencies, according to the Atlantic Council, a think-tank. Proponents of official digital currencies believe…
Source: Live Mint Have you ever wondered who will be held responsible if a group of investors are unable to buy or redeem securities because of a technical glitch faced in the software or IT system of a stock market or a depository? As per the current Securities and Exchange Board of India (Sebi) rules,…
Source: Live Mint The Indian stock market’s initial public offering (IPO) surge is poised to make September the busiest month for public listings in 14 years, according to the Reserve Bank of India (RBI) bulletin data released on September 20. than 28 companies have entered Dalal Street in September so far, both in the mainboard…
