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Source: Live Mint The Indian stock market is set to conclude calendar year 2024 on a strong footing, with benchmark indices Sensex and Nifty 50 delivering over 8% year-to-date (YTD) returns, marking their ninth consecutive year of gains. However, the markets have experienced a sharp correction of approximately 11% over the past two months, retreating…
Source: Live Mint The combined market valuation of India’s top-10 most valued companies took a massive hit last week, shedding ₹4,95,061 crore as bearish sentiments gripped the equity markets. Tata Consultancy Services (TCS) and Reliance Industries experienced the largest losses among the blue-chip stocks. The plunge in valuations mirrored a weak performance in the broader…
Source: Live Mint Dividend, bonus, stock split: Vedanta Limited is scheduled to trade ex-dividend and NMDC to trade ex-bonus next week, starting on Monday, December 23, 2024, according to BSE. Some of the major companies have announced various corporate actions, including stock splits, bonus issues and extraordinary general meetings (EGM), according to BSE data. The…
Source: Live Mint Top News The Securities and Exchange Board of India (SEBI) has proposed a platform called MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) to help investors reconnect with their forgotten or unclaimed mutual fund investments. MITRA will assist individuals in tracing inactive or lost mutual fund folios, ensuring that no hard-earned money…
Source: Live Mint New Delhi, Dec 19 (PTI) Senores Pharmaceuticals Ltd on Thursday said it has secured nearly ₹261 crore from anchor investors, ahead of its initial share-sale opening for public subscription. ICICI Prudential Mutual Fund, Mahindra Manulife Mutual Fund, Aditya Birla Sun Life Insurance Company, SBI General Insurance Company, and Troo Capital are among…
Source: Live Mint Ventive Hospitality Limited raised ₹719.5 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Thursday, December 19. The luxury hospitality provider allocated 1,11,90,513 or 1.11 crore equity shares to the anchor investors at an allocation price of ₹643 per share, with a face…
Source: Live Mint In the stock markets, what lies ahead often matters more than what has already been done. If this sounds perplexing, consider the US Federal Reserve’s policy decision on December 18. The Fed lowered benchmark interest rates for the third time in a row, cutting by 25 basis points. Yet, major markets across…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Thursday tracking a sharp fall in global markets after the US Federal Reserve policy. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,936…
Source: Live Mint DAM Capital Advisors Limited raised ₹251.4 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Wednesday, December 18. The company has allocated 88,86,268 or 88.86 lakh equity shares to the anchor investors at an allocation price of ₹283 per share, with a face…
Source: Live Mint Mamata Machinery Limited raised ₹53.55 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Wednesday, December 18. The company has allocated 22,04,113 or 22.04 lakh equity shares to the anchor investors at an allocation price of ₹243 per share, with a face value…
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