Sula Vineyards, India’s largest wine producer, made its debut on the stock market on Thursday. On its IPO listing, Sula’s stock had a flat opening and slipped soon. At the time of writing this report, it went on to make a BSE intraday low of Rs 339 and dipped lower from its upper price band of Rs 357…
Shares of Indian Overseas Bank (IOB) hit the upper circuit of 20 per cent briefly on the stock market on Thursday. The public sector bank’s shares went up to Rs 24.50 in early trade. At 12:05 pm, IOB shares were trading 13.41 per cent higher on the Bombay Stock Exchange (BSE) at Rs 23.25. On the National Stock…
Share of Shilpa Medicare rallied over five percent after the company received in-principle approval from the Defence Research & Development Organisation (DRDO) to manufacture and sale of 2-Deoxy-D-Glucose (2DG). The Drug Controller General of India (DCGI) had granted emergency approval to 2DG for COVID-19 patients…
The Indian market is expected to open lower on Monday following losses in global peers. The trend on SGX Nifty also suggests a negative start for the broader index in India. The Nifty futures were trading 164.50 points or 1.04 percent lower at the 15,585.50 level on the Singaporean Exchange at 7:10 am. Telecom…
The market is a sentimental beast. It swings from extreme pessimism to unbridled optimism (sanity lies somewhere in the middle). And in that process, it tends to distort valuations. We seem to be experiencing just this sort of euphoria in certain pockets of the market today. But to get a better sense of the nature of…
Prime Minister Narendra Modi on Wednesday invited the world to invest in India based on the five pillars of – talent, market, capital, eco-system and culture of openness. Stating that India’s strides in the world of tech and start-up are well-known, he said the country is home to one of the world’s…
Cryptocurrency market was trading in green on Tuesday after a string of good news helped Bitcoin test $40k. The world’s largest cryptocurrency surged over 25 percent in the last seven days, and touched the $40k level twice during this period. The latest surge came after Elon Musk said Tesla would allow bitcoin…
India CPI Inflation Rate May 2021: India’s retail inflation surged to 6.30 per cent in the month of May, over and above the Reserve Bank of India’s (RBI) threshold of 6 per cent, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed Monday. The retail inflation,…
Price volatility is one of the major reasons why cryptocurrencies are criticised across the world. Late in May, HSBC, Europe’s biggest investment bank, said it has no plans to offer digital coins as an investment as they are “too volatile“. Nothing unites cryptocurrency opponents like its volatility.…
Sensex and Nifty registered sharp gains led by broad-based buying across sectors on Thursday. At close, the Sensex was up 358.83 points or 0.69% at 52,300.47, and the Nifty was up 102.40 points or 0.65% at 15,737.80. About 2254 shares have advanced, 699 shares declined, and 116 shares are unchanged. Bajaj Finance,…