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RBI’s decision to maintain the status quo keeping the repo rates unchanged at 4% indicates a continuation of its accommodative stance
In rupee terms, retail holding in listed companies reached an all-time high of Rs 16.18 lakh-cr in June from Rs 13.94 lakh-cr on March 31, 2021
Penny stocks are stocks that trade at very low prices (below Rs 10) and have low market capitalisation
The stock market did not react much to the announcements since the major announcements were widely expected and were priced in
SC allowed the appeal filed by Amazon against a Delhi High Court order staying attachment of properties of Future Group companies.
Glenmark Life Sciences got listed at price to earnings of 26.01x compared to Divis Lab & Laurus Lab which are trading at 65.8x & 34.2x, respectively.
Markets achieved a very strong breakout zone. Moving ahead, in the next 50-100 points we will see Nifty again consolidating.
On the NSE, Glenmark Life Sciences opened at Rs 750, at a premium of 4.17% over its issue price of Rs 720 per share.
Most sectoral indices barring Nifty IT and Nifty Pharma were in the green
Torrent Power, Voltas and Zee Entertainment are slated to announce their financial results on Friday.