The equity market opened on a strong note on Monday, with benchmark index Sensex jumping 344 points amid positive investor sentiments and mixed global cues. The 30-share BSE Sensex surged 344.92 points or 0.58 per cent to 59,480.05 points while the broader NSE Nifty climbed 108.05 points or 0.62 per cent to 17,520.95 points. As [...]
Penny stocks are shares of small publicly traded companies that are listed on stock exchanges with a Market Cap of upto 200 crores and the stock prices being less than Rs 50. They are not widely traded securities and their potential gains are usually determined by sharp spikes in market volatility. Penny stocks can be [...]
Fall in the select US banks added to the overall Global uncertainty regarding the quantum of the next Fed rate hike. US jobs data that would be released late on Friday will also be crucial for the upcoming Fed meeting as it could also influence the Fed rate decision. Expect the volatility to continue next [...]
The Life Insurance Corporation of India (LIC) has holdings in various Indian stocks. As per the shareholding data for the latest quarter, the insurance behemoth commands a lion’s share of investments in equities by insurance companies. Some of the top holdings in LIC’s portfolio include IDBI Bank(49.24%), LIC Housing Finance(45.24%), Standard Battery(19.99%), Modella Woollens(17.31%), Cochin [...]
Lifting investor sentiments, domestic benchmark indices opened higher on Monday. The thirty-share BSE Sensex opened at 60,007.04 points, up 0.33%, while the fifty-share NSE Nifty 50 started the truncated week at 17,680.35 points, up 0.49%. The markets remained closed on Tuesday on account of Holi. On Friday, the gauges were in the red, extending declines [...]
Indian Energy Exchange on Friday said it has commenced trade in the High Price Day Ahead Market segment to provide a new avenue of high variable cost electricity generators like imported coal and gas-based projects. "IEX, India’s premier energy exchange, today announced the commencement of trade in the High Price Day Ahead Market (HP-DAM) segment," [...]
Prime Minister Narendra Modi will address the post Budget webinar on PM VIshwakarma KAushal Samman scheme on Saturday. It is part of a series of 12 post Budget webinars being organised by the government to seek ideas and suggestions for effective implementation of the initiatives announced in the Union Budget. "The webinar will have four [...]
Investors became poorer by Rs 1.36 lakh crore on Friday as the markets witnessed a sell-off amid weak global trends. Benchmark stock indices Sensex tanked 671.15 points or 1.12 per cent to close at 59,135.13, as 21 of its scrips declined. The sharp decline in equities eroded Rs 1,36,037.96 crore from the market capitalisation of [...]
SpiceJet's two Boeing 737-800 planes have been deregistered by aviation watchdog DGCA, with the no-frills carrier saying both aircraft are being returned in the "most efficient manner consensually". A SpiceJet spokesperson also said the return of the two aircraft will not impact its operations. The Directorate General of Civil Aviation (DGCA) deregistered VT-SZK and VT-SYA [...]
Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, on Friday said it has set a price band of Rs 133-140 a share for its Initial Public Offering (IPO). The initial share sale, which opens for subscription on March 13, will close on March 15, the company said in a statement. [...]
