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Source: Live Mint Buy or sell stocks for today: The domestic benchmark indices, Sensex and Nifty 50, crashed on Thursday, marking the worst intraday drop in two months. This was due to waning investor confidence following the rising tensions between Iran and Israel, which shifted interest from riskier assets such as stocks. The Nifty 50…
Source: Live Mint Despite a strong performance, the broader markets failed to beat the benchmark indices in September. While the Nifty Midcap index and the Nifty Smallcap index rose 1.76 per cent and 1.32 per cent, respectively, their performance lagged behind the 2.28 per cent rise in the Nifty benchmark index. The underperformance in mid-caps…
Source: Live Mint The Indian stock market experienced a significant downturn on Thursday, 3 October, influenced by several key factors, including escalating tensions in the Middle East that have heightened geopolitical concerns and increased investor caution. Further, the release of US private employment data on Wednesday supported the view that the Federal Reserve does not…
Source: Live Mint MUMBAI : Angel One Ltd gained about 7% in the last two trading sessions following its decision to charge brokerage for cash delivery trades. The Street has cheered the move as the likely gains from the strategy seem enough to offset the impact of true-to-label pricing norms. The stock price uptick implies…
Source: Live Mint The public offering for Garuda Construction and Engineering Ltd is scheduled to start on October 8 and close on October 10. The company has established a share price band of ₹92-95 for its ₹264-crore issue. The IPO consists of 1.83 crore new equity shares and an Offer For Sale (OFS) of 95…
Source: Live Mint The Indian stock markets on Thursday saw their worst intraday fall in two months, wiping off nearly ₹9.78 trillion from investors’ wealth. The market capitalisation of all companies listed on the BSE tumbled to ₹465 trillion from ₹474 trillion on Tuesday. During the day, the overall market cap had slipped as much…
Source: Live Mint After markets regulator Sebi’s directive to limit weekly expiries to one per exchange, BSE announced on Thursday that it will discontinue the weekly contracts for both Sensex 50 from November 14 and Bankex from November 18. This means BSE will continue offering weekly derivative contracts for Sensex, its index of 30 blue-chip…
Source: Live Mint The onset of the festive season didn’t bring the cheer India’s stock market investors had hoped for. They turned poorer by ₹11 trillion on record foreign investor outflows amid a sharp bounce back in Chinese stocks following recent fiscal and monetary stimulus measures, escalating tensions in West Asia, and expensive share valuations….
Source: Live Mint Oil prices increased on Thursday as investors grew concerned that an escalating conflict in the Middle East could potentially disrupt crude oil shipments from the region. However, gains were limited by an improved global supply outlook. By 1211 GMT, Brent crude futures had risen by $1.52, or 2.06%, to $75.42 per barrel,…
Source: Live Mint Hyundai Motor India is expected to launch its ₹25,000-crore initial public offering (IPO) on October 14, PTI reported on Thursday. Hyundai’s proposed ₹25,000-crore IPO will become the largest in India, surpassing Life Insurance Corporation’s (LIC) public offering of ₹21,000 crore. The Indian arm of the South Korean automaker proposed an offer-for-sale (OFS)…
