Page 44 - Indian Stock Market

India's stock market value to reach $10 trillion by 2030, says Jefferies

The nation's market, currently the world's fifth largest at $4.5 trillion, briefly overtook Hong Kong last month. Still, its weight in global stock indexes is below 2%

BSE index to rise about 9% in 2024, correction unlikely, suggests poll

Breaching the 73,000 mark for the first time in January, the benchmark index is up over 1 per cent this year

Nifty hits fresh high, Sensex ends 282 pts higher; consumer durables rally

Stock market highlights on February 19, 2024: Nifty index leaps to a new lifetime high of 22,187 after crossing previous high of February 2, 2024

Global trends to guide mkts this week amid lack of local triggers: Analysts

Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said. Markets traded volatile in the continuation to the prevailing consolidation phase but managed to edge higher. The beginning was subdued, however, gradual recovery in the following sessions not only pared losses but also helped the index to close around the week's high, Mishra said. Due to robust macroeconomic data, domestic markets concluded the previous week on a positive note, with the frontline indices gaining more than a per cent. Sensex settled at 72,426.64 and Nifty at 22,040.70. The markets also got sup

IT products distributor Rashi Peripherals to open Rs 600 cr-IPO on Feb 7

Rashi Peripherals, an information and communications technology products distributor, is set to float its Rs 600 crore-Initial Public Offering (IPO) on February 7. The issue will conclude on February 9 and the bidding for anchor investors will open for a day on February 6, according to the Red Herring Prospectus (RHP). The public issue is a completely fresh issue of equity shares to the tune of Rs 600 crore with no offer-for-sale component. Of the IPO proceeds, funds worth Rs 326 crore will be utilised for payment of debt and Rs 220 crore for funding working capital requirements and general corporate purposes. Mumbai-based Rashi Peripherals Ltd caters to brands like ASUS Global Pte. Ltd, Dell International Services India, HP India Sales and Lenovo India. The company aims to expand its geographic presence in non-metro cities, which includes tier I and tier II cities and other rural geographies which are becoming centres of consumption for ICT products such as personal computers, ..

Zerodha users face service disruption for third time in 3 months

Zerodha users encounter difficulties with account access and order placement, highlighting ongoing glitches; the company says that the problem has been resolved

In a first, India overtakes Hong Kong as world's fourth-largest stock mkt

The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday's close, versus $4.29 trillion for Hong Kong, according to data compiled by Bloomberg

Groww faces technical glitches, users complain of login issues on app

Users expressed frustration with the trading app on social media, asking for compensation from the platform for losses accrued

Ayodhya Ram mandir 'pran pratishtha': Are stock markets, banks open today?

Ayodhya has geared up for the much-awaited 'pran pratishtha' ceremony of Lord Ram Lalla in the newly built Ram Janmabhoomi Temple

Indian stocks' valuation premium approaches record against Chinese peers

India - long dubbed the "next China" - has emerged as an investor favorite, aided by solid earnings and a booming consumer market. It's ascent came on the back of a sluggish Chinese market

Sensex sheds 199 pts, Nifty below 22,050 as IT, RIL weigh; Jyoti CNC up 31%

Stock market highlights on January 16, 2024: Among sectors, the Nifty Realty index declined 1.95 per cent, the Nifty IT index 1.3 per cent, and the Nifty Pharma 1.14 per cent

Retail investors' share in MF AUM goes past 60% for the first time in Dec

The retail pie in the MF AUM has been inching upwards for some years now, with the pace picking up after the Covid-19 pandemic

Some Maharashtra distributors to stop stocking of HUL's Taj Mahal tea

AICPDF has also asked for a provision in the software system to prevent billing to outlets without valid FSSAI licenses

RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun

Closing Bell on Thursday, January 11: Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid

Five NBFCs look to raise Rs 2,750 crore via public issue this month

The proceeds from the issue will be used for interest payment of existing borrowings, further lending, business operations and expansion plans

Getting calls from international numbers? Here's what Centre advises

The government has directed all the telecom service providers to block the "malicious" calls from such numbers and advised the citizens to report them to the authorities

Gautam Adani reclaims India's richest title from Mukesh Ambani post-verdict

Reliance Group's combined market-cap at Rs 18.97 trillion, however, is way ahead of Adani Group's Rs 15.1 trillion

5 Reasons why Sensex fell 650 pts, Nifty below 21,600 intra-day on Tuesday

The S&P BSE Sensex fell over 650 points, while the NSE Nifty 50 shed nearly 200 points in intra-day trades on Tuesday, January 02.

Benchmarks see wild swings on first day of 2024, end flat; banks, auto slip

Closing Bell on January 1, 2024: The BSE Sensex and Nifty50 indices hit record highs of 72,562, and 21,834, respectively, intraday

Stock market investor base surges, UP upends Gujarat from the 2nd position

UP surpassed Gujarat to take the second position in 2023 by adding 33.8 per cent of new stock market investors