Sensex, Nifty off to a positive start on 1st trading session of 2022

Indian shares opened higher on Monday, lifted by strong performance in auto stocks following monthly sales data, even as investors remained cautious over the spike in Omicron cases in the country during the holiday weekend. With several markets in Asia and Europe closed, trading volumes in India were thin and most…

Sensex, Nifty rise further as auto, metal stocks gain

Indian shares edged up on Wednesday as auto and metal companies gained with investors buying the dip, while Omicron coronavirus variant cases across the globe continued to surge keeping sentiment in check. The NSE Nifty 50 index rose 0.62% to 16,875 by 9:29 am and the benchmark S&P BSE Sensex gained 0.86% at…

Indian shares slip ahead of Fed decision, Paytm plunges

Indian shares inched lower on Wednesday as investors turned their focus to the US Federal Reserve for signs on the pace of tapering, while recent debutant Paytm plunged after a lock-in period for institutional investors expired. The NSE Nifty 50 index was down 0.18 per cent at 17,293.9 by 0350 GMT, while the benchmark…

Data Patterns IPO opens today: Check key details, GMP and brokerage views

The initial public offering (IPO) Data Patterns (India) Limited opened for subscription on Monday and investors will be able to bid for the company’s shares till December 16. The IPO of the defence and aerospace electronics solutions provider got off to a flying start today as it has already been subscribed 1.42…

Explained: Why stock market investors should remain cautious amid Omicron threat

Domestic stock markets have witnessed a spike in volatility over the past few trading sessions as investors remain worried about the overall impact of the Omicron variant of coronavirus. Both S&P BSE Sensex and NSE Nifty 50 went through two big crashes last week, following reports that the new coronavirus variant…

WazirX crashes after users sell on talk of India crypto ban, CEO asks investors not to panic

WazirX app witnessed heavy user activity following the government’s decision to introduce a new cryptocurrency bill in the Parliament to ban private cryptos. A lot of investors took to WazirX and other crypto exchange platforms to sell their investments, resulting in an app crash. Some users even shared the…

Domestic shares rise on bank, metals boost; Paytm listing in focus

Indian shares rose on Thursday, helped by banks and metal stocks, while investors focused on digital payments company Paytm’s stock market listing later in the day. The blue-chip NSE Nifty 50 index climbed 0.25% to 17,943.65 and the benchmark S&P BSE Sensex added 0.26% to 60,166.58 by 9:24 am. Both indexes…

Markets gain on IT, Airtel boost; SBI results in focus

Indian shares rose on Wednesday, helped by IT stocks and telecom firm Bharti Airtel after its upbeat earnings, as investors eyed quarterly results from State Bank of India due later in the day. The blue-chip NSE Nifty 50 index rose 0.44% to 17,967.30 and the benchmark S&P BSE Sensex rose 0.41% to 60,275.16 by 9:27…

Squid Game cryptocurrency value turns zero, investors lose over Rs 25 crore in scam

Squid Game turned out to be a scam, after all. I am not talking about the blockbuster Netflix show that had the world hooked to it for weeks. I am referring to the eponymous cryptocurrency inspired by the series. The Squid cryptocurrency collapsed on Monday, but the hucksters who leveraged the popularity of the show…

Sensex, Nifty snap run of losses; investors await Reliance earnings

Indian shares snapped three consecutive sessions of losses to open higher on Friday, with investors focused on a slew of earnings results, including energy-to-telecom giant Reliance Industries which is slated to be out later in the day. The blue-chip NSE Nifty 50 index was up 0.37% at 18,246.10 by 9:15 am, and the…