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…