Explained: Why IEX shares surged sharply in early trade

Shares of the Indian Energy Exchange (IEX) surged sharply during Friday’s early session on the Bombay Stock Exchange (BSE). IEX shares hit the 10 per cent upper circuit level earlier in the day following an announcement on Thursday by its board. While the stock lost momentum during afternoon trade, it was still…

Explained: Why Indian Overseas Bank hit 20% upper circuit today

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…