BSE Sensex mirrored the optimism of the immediate post-liberalisation period, climbing around 263% in 1991-92 to 4,500 points. As the nation pays homage to Manmohan Singh, the architect of India’s liberalisation, market analysts acknowledge his contributions, which have generated immense wealth for investors since 1991. Singh served as India’s finance minister from…
DetailsFrom the 30 Sensex pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. Benchmark indices Sensex and Nifty ended higher on Friday (December 27, 2024) amid buying in bank and auto stocks. The 30-share BSE Sensex climbed 226.59 points or 0.29% to settle…
DetailsIndia has emerged as the global leader in Initial Public Offerings (IPOs), hosting twice as many IPOs as the United States and 2.5 times more than Europe, shows data analysed by Pantomath Group. In the first 11 months of 2024 alone, 76 companies raised Rs 1.3 trillion. Pantomath Group’s report now predicts Rs 2 trillion+…
DetailsMobikwik share price: The stock surged 14.64 per cent to hit a record high of Rs 698.30. At this price, it has delivered multibagger returns to investors by rallying 150.29 per cent over its issue price of 279. Newly-listed One Mobikwik Systems Ltd (Mobikwik’s parent) shares extended their strong upward march for the third straight session in…
DetailsAs 2025 is just around the corner, Ravi Singh — Senior Vice-President (Retail Research) at Religare Broking — sees benchmark Nifty50 at 26,000 level in the upcoming calendar year. He advises maintaining a well-diversified portfolio with a long-term perspective to navigate market uncertainties. “With geopolitical and economic risks expected to influence the Indian stock market…
DetailsShares of Anil Agarwal-owned Vedanta Ltd are in news today after the metal and mining firm said that it would hold a board meeting on Monday, 16th dec 2024 to consider a fourth interim dividend. The board meeting scheduled to be held in October was cancelled due to unforeseen circumstances. Vedanta stock ended 1.54% higher…
DetailsJust 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,…
DetailsThe 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…
DetailsITC 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…
DetailsPersistent 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,…
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