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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 At the onset of Samvat 2080, the market outlook was generally positive, albeit with mixed sentiments due to global uncertainties and a robust domestic economy. There was a concern that maybe the domestic economy and FIIs inflows could go slow based on global factors. Heightened global tensions, driven by conflicts in Ukraine…
Source: Live Mint ACME Solar Holdings Limited’s initial public offering (IPO) is set to open for public subscription on Wednesday, November 6, and close on Friday, November 8. The renewable energy producer set the price band for the IPO at the range of ₹275 to ₹289 per equity share with a face value of ₹2…
Source: Live Mint Sagility India Limited’s initial public offering (IPO) will open for public bidding on Tuesday, November 5, and will close on Thursday, November 7. The Indian arm of Sagility has fixed the price band at ₹28 to ₹30 per share. The healthcare-centric service provider focuses on the US health insurance companies (Payers) for…
Source: Live Mint Sagility BV, a subsidiary of EQT Private Capital Asia, raised ₹366 crore through the sale of a 2.61 per cent stakeholding in Sagility India Ltd, according to the company reported news portals on November 3. Nine institutional investors picked up a stake in Sagility India ahead of its initial public offering (IPO)…
Source: Live Mint Indian stock market has been experiencing sustained selling pressure from Foreign Institutional Investors (FIIs), who offloaded more than ₹1 lakh crore in domestic equities during October alone. This significant outflow has drawn strong reactions from investors and analysts alike. Renowned fund manager and Helios Capital founder, Samir Arora, also commented on the…
Source: Live Mint Top News India’s Goods and Services Tax (GST) collections in October 2024 demonstrated substantial growth, achieving an 8.9% year-on-year increase to reach ₹1.87 lakh crore. This strong performance is indicative of the economic momentum sustained by domestic consumption and imports, contributing to an overall 9.4% growth in GST collections for the year,…
Source: Live Mint The primary market is set to see significant activity beginning November 4, with four mainboard IPOs, including the anticipated Swiggy IPO, scheduled to launch on Dalal Street. Additionally, the SME segment will have one IPO opening next week. In October, the Indian stock market faced a substantial sell-off, with the Nifty 50…
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…
Source: Live Mint Buy or sell: The Nifty 50 index wrapped up the week at 24,304, reflecting notable volatility as traders navigated through market dynamics. As the monthly expiry approached, a short covering rally provided a brief respite, enabling the index to bounce nearly 500 points and reaching nearby resistance levels around the 24,700-24,800 zone….
