Sensex, Nifty end higher as IT, pharma stocks rise; RBI tanks

Indian shares ended higher in volatile trading on Monday, helped by IT and pharmacy stocks, while RBL Bank tumbled after its top boss went on medical leave and the central bank appointed an executive to the lender’s board. The NSE Nifty 50 index ended up 0.49% at 17,086.25 and the benchmark S&P BSE Sensex…

Explained: Why RBL Bank shares tumbled 20% today

It was a bad start to the week for RBL Bank. The shares of the private lender fell sharply to hit a 52-week low after hitting a lower circuit of 20 per cent on the stock exchanges. As of 11 am, RBL Bank shares were trading at Rs 139, down 19.42 per cent, on the Bombay Stock Exchange. On the National Stock Exchange…

Explained: Why IRCTC shares tumbled over 15% today

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) tumbled sharply on Wednesday on the stock market. IRCTC shares fell over 15 per cent during early trade and have remained weak. At 11:40 am, shares of IRCTC were trading 15 per cent lower on the Bombay Stock Exchange (BSE) at Rs 4,630 apiece. On the…