The shares of Ugar Sugar Works Ltd rallied 15.11% to reach an intraday high of ₹ 93.70 apiece on the National Stock Exchange (NSE). They closed at ₹ 89.85 apiece, up 10.38% on Monday. Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and the generation and [...]
Benchmark indices ended at fresh lifetime highs on Monday amid foreign fund inflows, a decline in crude oil prices and buying in index major Reliance Industries. Rallying for the fifth day in a row, the 30-share BSE Sensex climbed 211.16 points or 0.34 per cent to settle at 62,504.80, its fresh record closing high. During [...]
The shares of Engineers India Ltd. (EIL), a small-cap central public sector undertaking raced up 7.5% in the early hours of the trading session on Monday. The stock hit its fresh 52-week high of Rs 86.50 per share, giving the company a market value of Rs 4,800 crore. Engineers India (EIL) is an engineering consultancy [...]
The shares of Rail Vikas Nigam Ltd. (RVNL) hit their fresh 52-week high of Rs 80.60 per share in the early hours of trading on Monday. The stock opened 10% above its previous close of Rs 73.30 and got locked in the upper circuit briefly. In the last 6 months, the railway stock has given [...]
Max Financial Services on Monday said insurance regulator Irdai has approved the purchase of Mitsui Sumitomo Company's residual stake in Max Life Insurance. The transaction is expected to be concluded in the next fortnight, Max Financial Services Ltd (MFSL) said in a regulatory filing. "MFSL announced that it has received approval from the Insurance Regulatory [...]
The shares of Mefcom Capital Markets Ltd (MCM), a micro-cap company gained 4.97% on Monday’s early trades to hit the upper circuit. With this, its shares hit the upper circuit for three days in a row. Its shares were locked at ₹ 127.85 apiece on the Bombay Stock Exchange (BSE) on Monday. Mefcom Capital Markets [...]
The rupee depreciated 6 paise to 81.77 against the US dollar in early trade on Monday, tracking a lacklustre trend in domestic equity markets and a firm American currency overseas. However, lower crude prices in the international market and fresh foreign fund inflows restricted the rupee’s fall, forex dealers said. At the interbank foreign exchange, [...]
"Bulls dominated Dalal Street, with the indices parked near record highs, supported by favourable triggers like FII buying, a drop in crude prices, a falling dollar index, and declining bond yields.” Going ahead, the lack of strong fundamental triggers will limit the upside, keeping the market volatile in the short term. The Fed Chair's speech, [...]
The race for acquisition of Reliance Capital's 51 per cent stake in Reliance Nippon Life Insurance Co (RNLIC) is intensifying, with the top brass of the Japanese partner in the joint venture likely to visit India this week to flag its concerns with the ongoing resolution process under insolvency laws, sources said. Japan's Nippon Life, [...]
Foreign portfolio investors have rediscovered their liking for Indian equities, making a net investment of Rs 31,630 crore in November on hopes of an end to the aggressive rate hikes, and positivity about overall macroeconomic trends. According to experts, after remaining net sellers in August and September, Foreign Portfolio Investors (FPIs) are unlikely to be [...]
