Just one firm in the benchmark NSE Nifty index doubled investors’ wealth in 2024 — a year marked by market volatility and selected sectoral growth. This is a Tata group firm Trent Limited. Shares of the retail major climbed nearly 130% to Rs 7,000.25 on December 13, 2024, against Rs 3,054.95 on December 29,…
The Securities and Exchange Board of India (SEBI), in its board meeting scheduled on December 18, is likely to discuss and approve various norms, including those relating to initial public offer (IPO) by small and medium enterprises (SME), unpublished price sensitive information (UPSI) and regulatory framework for angel funds. The market regulator may increase…
ITC fixes record date for demerger of hotels business. The record date for the demerger of ITC Hotels Limited (ITCHL) from ITC Ltd is January 6, 2025. The demerger is set to take effect on January 1, 2025 FMCG major ITC Ltd on Wednesday announced the record date for demerger of the company’s hotels business. “We…
Persistent Systems stock, Coforge shares: The rally in the stocks comes amid a deep correction in the broader market, BSE IT index and and NSE IT index, respectively. Shares of IT firms Persistent Systems Ltd and Coforge Ltd hit their record highs on Thursday. The rally in the stocks comes amid a deep correction in the broader market,…
Market crash today: The Indian benchmark indices Sensex and Nifty fell for the fourth straight session today, December 20, 2024. The BSE SENSEX tanked 4,092 points or 4.98 per cent this week and touched the week’s low at 77,875 and the National Stock Exchange (NSE) Nifty fell 1,181 points or 4.77 per cent to the week’s…
The monthly options data indicates that the 23,800-24,000 zone is likely to be the next hurdle for the Nifty 50, with crucial support at 23,500. The Nifty 50 had a sigh of relief on December 23, making a strong start to the week, led by short-covering and some value buying after falling nearly 5…
Reserve Bank of India in its monthly bulletin said that India’s growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand. “India’s growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand. Supported by…
The government will continue its focus on improving quality spending, strengthening the social security net and to bring down the fiscal deficit to 4.5% of the GDP in FY26, a finance ministry document said. Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in Parliament on February 1. The Union…