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Source: Live Mint With many key events now behind, the Indian stock markets face a challenging year ahead. The benchmark indices Nifty 50 and Sensex are already down nearly 9-10% from their all-time highs reached in September, bringing them close to correction territory. Key headwinds such as foreign institutional outflows, uncertainty over central banks’ rate…
Source: Live Mint Mukesh Ambani-led Reliance Industries Limited (RIL) has acquired a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for ₹1,628.03 crore, it said in a stock exchange filing on Friday. The oil-to-chemical conglomerate has acquired 57.12 crore equity shares representing 74% of Navi Mumbai IIA Private Limited (NMIIA) at Rs. 28.50…
Source: Live Mint The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing…
Source: Live Mint Indian stock market ended another day in the green, fueled by the BJP and its allies securing a decisive victory in the Maharashtra state elections, providing a much-needed boost to the markets, which had been under pressure from weak Q2 earnings and persistent FPI selling. The Nifty 50 extended its winning streak…
Source: Live Mint Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Investors turned wealthier by ₹7.27 trillion in Friday’s relief rally. The recovery was marked by short covering and buying in large-cap stocks…
Source: Live Mint Stocks To Buy: The Nifty 50 has seen a sharp correction, falling almost 11 per cent from its September 2024 peak, driven primarily by sustained outflows from foreign institutional investors (FIIs) and concerns over underwhelming corporate earnings. Amid this market volatility, brokerage firm JM Financial has identified 39 stocks—spanning large-cap, mid-cap, and…
Source: Live Mint Reliance share price: Shares of India’s largest company by market capitalisation, Reliance Industries, have underperformed the Nifty 50 over the past year. While Reliance’s stock has gained 7 per cent, the Nifty 50 has delivered a significant 19 per cent return during the same period. However, experts believe Reliance could be poised…
Source: Live Mint Reliance Industries is likely to launch the initial public offering (IPO) for its telecom arm, Jio, next year, while the IPO for its retail division may be delayed until a later date, according to media reports. “Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at…
Source: Live Mint Reliance Industries share price plummeted by 4% on Monday, reaching a nine-month low amid heavy selling pressure. This sharp decline has turned Reliance shares’ year-to-date (YTD) returns negative. During intraday trading on the BSE, RIL stock price dropped by as much as 4.03%, hitting a low of ₹1,285.10 per share, with the…
Source: Live Mint The combined market capitalisation of six of the top-10 most-valued companies soared by more than ₹1 lakh crore last week, which saw a special Diwali Muhurat Trading session on November 1. Last week, the benchmark BSE Sensex rose 321.83 points, or 0.40%. Despite last week’s gains, the Sensex and Nifty 50 are…
