The Nifty index has witnessed a sharp correction, positioning it firmly in the oversold zone, Nifty Midcap Select index is currently exhibiting range-bound behaviour
Stock Market Highlights: Benchmark Indian equity indices, the BSE Sensex and NSE Nifty50, settled higher by over 2 per cent each on Friday.
Index heavyweights ICICI Bank, Reliance Industries, SBI and Infosys lead the market rally, contributing nearly 40 per cent of the day's gain on Friday
The stock has rallied 19% in five trading days and is quoting at its highest level since November 2023
On November 18, Ramco Industries had bought 4,66,600 shares of Ramco Cements which were worth Rs 41.95 crore
Wipro's board on October 17, 2024, approved the bonus issue in the proportion of 1 :1 which implies 1 bonus share of Rs 2 each for every 1 fully paid-up equity share held
LIC increased its shareholding from 1,49,06,665 shares to 2,08,34,009 shares which translates to a shareholding from 5.033 per cent stake to 7.034 per cent
This development comes after, on July 4, 2024, Raymond's board of directors approved the demerger of Raymond and Raymond Realty Limited
The work order from Prestige Mulund Realty is for designing, developing, supplying, fabricating and installing façade work including stone cladding
The company said that NSE Investments, a non-promoter, has proposed an offer to sell 41,17,303 shares which translates to a 10.16 per cent stake via OFS.
The Nifty FMCG index is currently exhibiting a downward trend in the near term, while Nifty Pharma index continues to exhibit a bearish trend in the near term
Stock Market Highlights: 37 of the Nifty50's 50 constituent stocks ended in the red, dragged by Adani Enterprises, Adani Ports, SBI Life, SBI, and NTPC, with losses of up to 23.44 per cent
Adani Energy and Adani Wilmar from the BSE200 index have hit their respective 52-week lows after Gautam Adani and others were charged by US prosecutors for allegedly bribing Indian officials
With this acquisition the company will help company in fulfilling itrs vision to dominate the kidswear market
The promoters of VIP Industries have put their entire stake (51.74 percent) up for sale, which could trigger an open offer as per regulatory guidelines, the report added
Following this approval, OneSource will advance towards listing its equity shares on the BSE and NSE
At 10:00 AM, the Nifty PSU Bank index, the top loser among sectoral indices, was down 4.7 per cent, as compared to the 0.92 per cent decline in the Nifty 50
Britannia Industries shares slipped 3 per cent in trade and registered an intraday low of Rs 4,748.15 per share
NLC India said that its board has given a nod to invest up to Rs 3,720 crore, in one or more tranches for the various renewable projects
Bharti Airtel and Indus Towers shares rose in the early trade, while Vodafone Idea slipped after SC allowed telcos could avail themselves of central value-added tax (cenvat) credit on infra