Star Health and Allied Insurance’s stock price did not meet expectations on its debut. The price reacted sluggishly due to valuation concerns. The initial public offering of Star Health, which was launched on November 30, was subscribed to 79 percent. Most analysts had given a favourable rating to the issue, though they were worried about its …
The Reserve Bank of India’s decision to hold key rates steady has sent a strong message that it is concerned about the impact of rising interest rates before the recovery of the economy can happen. The RBI may be reaching the end of its tolerance for inflation and will most likely raise interest rates in …
An Overview Ircon International placed orders worth Rs 210 crore with RaiITel Corporation of India, which saw its stock rise 4% in early trade on December 9. “RaiITel Corporation has received a work order from Ircon International for the design, supply, installation, testing, and commissioning of a tunnel communication system in tunnel environment consisting of emergency …
On Tuesday, the Securities Exchange Board of India has proposed a one commodity one exchange policy to reduce liquidity fragmentation. As per this proposal, all the stock exchanges will have to involve in the development of a separate lot of un-fragmented contracts which are easily sellable. There has been a proposal for developing another specific …
The benchmark indices, BSE Sensex and NSE Nifty rebounded on December 7, Tuesday, gaining over 1.5 percent aided by positive cues on the global front, led by metal and banking stocks rallying. The Sensex closed at 57,633.65 points while the Nifty closed at 17,176.70 points on Tuesday. The broader markets too recovered, with the Nifty …
An Overview In November, foreign portfolio investors (FPIs) intensified their selling in the Indian secondary share market as concerns about a new coronavirus variant grew. In the secondary market, they were net sellers of equities worth $4.5 billion (Rs. 33,799 crore). According to NSDL data, it was the most since March 2020, when they sold …
In Monday’s trading session, the National Stock Exchange’s flagship index Nifty50 fell by more than 280 points whereas Bombay Stock Exchange’s Sensex went down by almost 950 points, giving chills down the spine of investors and traders. Both the indices marked a fall by 1.65% each. The charts made one side momentum on the downward …
An Overview A day after the administration declared that sixty businesses had been approved for the production-linked incentive scheme for food processing, most constituents of the Nifty FMCG shares index were trading in the positive on December 7. HUL, ITC, Dabur India, Nestle India, Britannia and Tata Consumer have all submitted investment proposals to the food …
An Overview Your average expert might not have predicted that Mongolia would be the world’s best-performing index in 2021, or that a movie theatre chain would return 1,200 percent. While most analysts projected a rebound after the pandemic-induced collapse, few predicted the vigour with which the rally propelled European and American equities to new highs …
The market cap of seven most valued firms out of the top ten increased by Rs 1.29 lakh crore in the week ended December 3, according to news reports, with IT firm Tata Consultancy Services (TCS) being the main gainer, followed by Infosys, another IT firm. Market cap or market capitalisation of a company is arrived at by …
