Vodafone Idea shares surge over 14% in early trade. Here’s why

Vodafone Idea (VI) shares surged sharply on Thursday to reach its highest value in over 2.5 years. The surge in VI’s stock price is a result of the recent developments aimed at rescuing the struggling telecom service provider. On the National Stock Exchange (BSE), shares of the telecom company were trading 13.29…

Explained: Why Paytm shares fell sharply in early trade

Shares of One97 Communications Limited, the parent firm of Paytm, fell sharply in early trade on Monday after the company reported its Q2FY22 results. Paytm shares declined 4.6 per cent in early trade, but have made up some ground. Paytm shares traded 0.22 per cent lower at Rs 1,778 on the National Stock Exchange (NSE)…

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…

Sensex, Nifty give up gains after rising in early trade

Indian shares opened higher on Wednesday, helped by gains in metal stocks, while record highs hit by U.S. stocks overnight also aided sentiment. By 9:17 am, the blue-chip NSE Nifty 50 index climbed 0.30% to 16,329.05 and the benchmark S&P BSE Sensex rose 0.27% to 54,702.44 The Nifty Metal index advanced the most…