The combined market valuation of the top 10 valued firms eroded by Rs 1,68,552.42 crore last week, with Reliance Industries taking the biggest hit in an overall weak broader market. Last week, the Sensex tumbled 1,492.52 points or 2.43 per cent. Market sentiment remained weak amid surging COVID cases in China and a few other [...]
The markets remain volatile and in the red as the fear of the resurgence of Covid 19 gripped the market. Amid the turmoil, investors turn to stocks that hold their ground. A defensive stock is a stock that provides consistent dividends and stable earnings regardless of the state of the overall stock market. Here are [...]
The shares of Sula Vineyards Limited, India’s largest wine producer and seller, made a flat debut on the Indian stock exchanges on Thursday after it listed at Rs 361 per share against its issue price of Rs 357 which represents a premium of 1 percent. Soon after its listing, the share dipped by more than [...]
The shares of Voltas Limited, a tata group stock opened at Rs 800 on Friday and shed as much as 2.5 percent to reach its new 52-week low of Rs 785. The shares hit their previous 52-week low of Rs 798.30 yesterday. The stock reached its 52-week high of Rs 1,347.65 in April this year. [...]
Insurance behemoth Life Insurance Corporation of India (LIC) on Thursday said its shareholding in online company Info Edge has crossed 5 per cent with an additional investment of over Rs 12 crore. Its shareholding in Info Edge (India) Ltd has increased from 64,43,921 to 64,69,921 equity shares, or from 4.988 per cent to 5.008 per [...]
The shares of Ajanta Pharma surged 6.83% on Thursday to reach an intraday high of ₹ 1,251.00 apiece on the National Stock Exchange (NSE). Its shares closed at ₹ 1233.00 apiece, up 5.22%. Volumes jumped at the counter and 10,93,311 shares changed hands on Thursday. There were reports that promoter group entities Ayush Agarwal Trust [...]
With an oil price shock threatening to derail economies globally, the focus has shifted to renewable energy with over USD 25 billion or Rs 2 lakh crore investment planned in India for using sunlight, water and air to produce energy. Oil and gas prices shooting through the roof in 2022 in the aftermath of Russia's [...]
The shares of D Link India Limited dropped by more than 6 percent till the afternoon on Thursday and were trading at Rs 214 levels. One of the reasons for the decline could be the block deal by ace investor Ashish Kacholia on Wednesday. As per the NSE bulk deal details, the ace investor sold [...]
Tata Communications will acquire New York-based end-to-end live video production company The Switch Enterprises in an all-cash deal for Rs 486 crore, the company said on Thursday. With both companies coming together, Tata Communications will support The Switch customers with global reach to over 190 countries and territories and The Switch will bring live production [...]
Rekindled covid fears have started haunting D-Street. The Sensex tumbled 885 points in the past two days and is at 60740 levels. Similarly, the Nifty 50 shed 330 points and is quoting at 18090 levels. While many other stocks were coloured in red, Pharma stocks climbed for the third day in a row, owing to [...]
