Page 1737 - Markets News

Market wrap: Sensex sinks 1,688 pts, Nifty holds 17K; Rs 7.5-trn investor wealth lost

Pharma stocks soar as investors turn to defensive bets; dollar index inches towards 97 mark

Paytm shares partly pare losses after disappointing initial performance

After an initial disappointing performance post listing, the shares of One97 Communications-owned Paytm have pared some of its losses.

Investors lose Rs 7.35 trn as markets plummet over new variant concerns

Other than the new variant, FIIs' selling is a key concern for the Indian equity market because they are selling relentlessly in our market for the last many days, says an analyst

Texmaco Rail & Engineering rights issue oversubscribed 1.35 times

The Kolkata-headquartered company, in an exchange filing, said the rights issue closed for subscription at 5 pm on Thursday

Markets regulator Sebi mulls overhauling preferential allotment rules

Sebi proposed relaxing pricing norms and lock-in requirements

Top headlines: RBI mum on corporates in banks; Niti releases poverty index

Business Standard brings you the top stories on Friday

New Covid variant spooks markets; Sensex ends 1,688-pts lower at 57,107

The stocks witnessed their biggest intra-day fall since April 12, 2021, and also their biggest weekly fall since January 29, 2021

Global stocks sink after South Africa finds new Covid variant

London's benchmark fell by an unusually wide margin of 3.3 per cent at the opening

This textile stock has gained 138% in 2 mths; up 1,786% from March 20 lows

Trident is vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer

BSE Healthcare index up 2%; Cipla, Alkem, Dr.Reddy's rally up to 8%

The pharma index had taken a breather over the past three months after displaying relative out-performance during CY20-21.

Investors' wealth tumbles over Rs 4.48 trillion as markets plummet

Investors' wealth tumbled Rs 4.48 trillion during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends

Black Friday: Sensex sinks 1,400 points. What's spooking the markets today?

Here are the key reasons why the markets traded weak on Friday.

Escorts announces open offer schedule; shares zoom 3%, hit new high

The stock hit a new high of Rs 1,874, and has appreciated 15% in the past six trading days

Realty index slips 6%; DLF, Oberoi Realty, Godrej Properties down up to 8%

Despite the over 10 per cent correction from its 52-week high, the BSE Realty index has outperformed the market by surging 57 per cent thus far in the calendar year 2021

Tarsons Products makes a decent debut, lists at 6% premium to issue price

Post listing, the stock rallied by up to Rs 808, a 22 per cent premium to issue price of Rs 662 on the BSE

Greenlam Industries zooms 18%, hits new high on stock split plan

The company's board will meet on December 13, 2021 to consider stock split from Rs 5 to Re 1 paid up

Stocks to Watch:Wipro, Godrej Prop, Hero Moto, Vakrangee, JSW Energy, Paytm

Tarsons Product will make its debut on the bourses today, the issue price was fixed at Rs 662 per share

Here's why Mehul Kothari recommends buying Hikal, Jindal Saw

According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels

Yuan emerging as a strong benchmark for rupee, say currency dealers

While it hasn't been officially confirmed yet if RBI is intervening in currency market in tandem with the yuan, the market itself has been adjusting based on how China treats its currency

Amazon asks Sebi to withdraw $3.4-bn Future-RIL deal approval

Amazon is now fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with RIL