On March 11, 2024, the Reserve Bank of India (RBI) announced that 7 Non-Banking Financial Companies (NBFCs) had surrendered their Certificates of Registration (CoR). The RBI, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled CoR. Among these were prominent names …
In a shocking revelation, the Enforcement Directorate (ED) uncovered a scandal involving the manipulation of stock prices in the Indian stock market by a partner of a Dubai-based firm operating the Mahadev betting app. The ED has frozen shares worth Rs 1,100 crore in demat accounts linked to the firm. This scandal sheds light on …
The benchmark index S&P BSE 500 opened today at 32,109.97 and made its day high at 32,148.81, and it is trading in red today, down by more than 0.30% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 3% today. Linde India Ltd …
On March 14, 2024, Nifty 50 rose 0.68% to 22,146, while Sensex grew 0.46% to 73,097. Foreign Institutional Investors (FIIs) sold securities worth ₹1,356 crore, and Domestic Institutional Investors (DIIs) bought securities worth ₹139 crore. Top Gainers and Losers On the sectoral front, Nifty Oil & Gas, Nifty Metal, Nifty IT and Nifty Media witnessed …
The domestic indices started the trading session on a notably higher note and continued to climb impressively, driven by substantial gains in the information technology, banks, and financial services sectors. Conversely, FMCG, power, utilities, and metals sectors experienced significant losses during the session. At 10:20 am, the BSE Sensex climbed 0.64% reaching a level of …
On March 11, 2024, the benchmark indices Nifty 50 fell 0.72% to 22,332, while Sensex dropped 0.83% and settled at 73,502. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were seen in buying activity of about ₹4,212 crore and ₹3,238 crore worth of investments, respectively. Experts are anticipating temporary weakness in the market until …
Infosys and Interglobe Aviation are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising technical setup, including price volume action before and a potential to bounce back and breakout. Currently trading at Rs 1,653.30 and Rs 699.90 respectively, their price structures align with positive signals from technical indicators like RSI …
Praveg Limited, a leading eco responsible luxury resorts company in India, has secured prestigious work orders from the Department of Tourism, Union Territory of Lakshadweep. The company is set to develop, operate, maintain, and manage luxury tent accommodations and a variety of commercial activities on Thinnakara Island and Bangaram Island, marking a significant milestone in …
Yes Bank, a prominent player in India’s banking sector, is embarking on a new journey as it seeks a new promoter. This move comes as the bank aims to sell up to 51% of its stake, targeting a valuation of $8-9 billion, a significant increase from its current market capitalization of $7.2 billion. Let’s delve …
Wednesday saw the stock market ending positively, with key indices showing gains. The Sensex, India’s benchmark index, closed 0.46% higher at 73,097.28, while the Nifty, another key index, surged by 0.68% to close at 21,146.65 Adani Enterprises, Adani Ports, and Hero Motocorp were among the top performers, while Axis Bank, IndusInd Bank, and JSW Steel …
