DHFL case: NCLT appoints monitoring committee to oversee transition

The NCLT has named a seven-member monitoring committee for management and control of DHFL until Piramal Group’s resolution plan is implemented. Ashok Kacker, retired Chief Commissioner of Income Tax and Former Executive Director of SEBI, has been named as the observer and permanent invitee of the monitoring…

Sensex, Nifty off Record Highs; Banking Shares Decline, IT Stocks Gain

The Indian equity benchmarks came off record highs hit earlier in the session as banking, financial services and capital goods shares came under selling pressure. However, buying in information technology shares capped the downside for the benchmarks. Earlier in the session, Sensex rose as much as 341 points to hit…

Sensex rallies 359 pts to end at 52,300, Nifty closes at 15,738; Bajaj Finance surges 8%

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,…

Top stocks to watch out for on June 2

The Indian market is likely to open flat on Wednesday amid mixed global cues. At 7:05 am, the SGX Nifty was trading 7.00 points or 0.04 percent lower at 15,624.00, indicating a subdued start for the broader index in India. ITC | The company’s Q4FY21 standalone net profit fell 1.3 percent to Rs 3,748.4 crore from Rs…

Meme stocks AMC, GameStop poised to end strong week on a high

Shares of AMC Entertainment and GameStop gained on Friday, on track for a strong end to a spectacular week, which has already seen the movie theater chain’s market value double as retail traders stormed back into meme stocks. AMC’s shares were up 17.3% to $31.11 in U.S. premarket trading on Friday, while…