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Budget 2021 expectations: Here’s what market expects from Union Budget
Ahead of the Union Budget 2021, domestic equity market tanked more than 5% during the past five trading sessions till January 28. Finance Minister Nirmala Sitharaman will present her third Budget on February 1 after the outbreak of Covid in 2020. Earlier, the 30-share index had declined 1% on the budget day in 2019 and […]
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Sensex cracks over 500 points in early trade; Nifty below 13,800
Mumbai: Equity benchmark Sensex dropped over 520 points in early trade on Thursday, tracking losses in index-heavyweight stocks like HDFC twins, TCS, Infosys and ICICI Bank amid a weak trend in global markets. The 30-share BSE index was trading 523.14 points or 1.10% lower at 46,886.79. Similarly, the broader NSE Nifty fell 167.80 points or […]
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Brokerages see over 10% upside in Axis Bank post Q3 result
Brokerages retained their bullish view on Axis Bank despite it posted 36% year-on-year (YoY) drop in net profit at Rs 1,116 crore for the quarter ended December 31. It had reported a profit of Rs 1,757 crore for the corresponding quarter last year. While retaining ‘Accumulate’ rating on Axis Bank, Nirmal Bang Securities said, “Given […]
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Sensex tanks 938 points; Nifty crashes below 14,000-level
The BSE benchmark Sensex crashed 938 points to slip below the 47,500 mark and the NSE Nifty plunged below the psychological 14,000 level due to rampant selling across counters. Marking its fourth straight session of loss, the Sensex tumbled 937.66 points or 1.94 per cent to settle at 47,409.93 – taking the aggregate four-session loss […]
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IRFC IPO allotment status: Here’s how to check
The share allotment status of Indian Railway Finance Corp (IRFC) IPO will be available from Wednesday, according to the website of the issue’s registrar KFin Technologies Private Limited. Going with market watchers, the refund process would be initiated on January 27. The credit of shares to Demat accounts will be done on Thursday. Shares of […]
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TCS surpasses Reliance Industries to become most valued firm on BSE
IT major Tata Consultancy Services (TCS) on Monday surpassed energy-to-telecom behemoth Reliance Industries (RIL) yet again to become the most valued firm by market capitalisation on the BSE. At the close of trade, the market capitalisation (mcap) of TCS was at Rs 12,34,609.62 crore, which is Rs 4,948.30 crore higher than that of RIL’s Rs […]
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Analysts’ take: Why Sensex tanked over 500 points today
Benchmark equity indices BSE Sensex and NSE Nifty cracked over 1% on Monday following weak global cues and reports of Indo-China border tension. The 30-share Sensex closed 530.95 points down at 48347.59, while the 50-share Nifty index settled 133 points down at 14,238.90. With a fall of 5.36 per cent, energy-to-telecom behemoth Reliance Industries emerged […]
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Stove Kraft IPO opens: 10 things you should know before subscribing
Initial public offering by Stove Kraft, a kitchen solutions and an emerging home solutions brand, has opened for subscription on January 25 after receiving a stellar response from anchor investors on Friday. The public offer will close on January 28. Shares of the company are proposed to be listed on both BSE and the National […]
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India sees 19 IPOs worth $1.84 bn in 2020 December quarter: Report
New Delhi: Reflecting strong momentum, India witnessed 19 initial public offers worth $1.84 billion in the fourth quarter of 2020 and market sentiment remains positive in what could be a stellar 2021, according to a report. Leading consultancy EY’s India IPO Trends Report: Q4 2020 showed that there were a total of 10 Initial Public […]
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Stocks to watch today: YES Bank, Reliance Industries, Maruti Suzuki, Tata Motors, JSW Steel and more
Nifty futures on the Singapore Exchange traded 161 points up at 14,536 at 9 am on Monday, indicating a positive start for the domestic benchmark indices. Here are the top stocks to track in today’s session: Q3 results: Aarti Drugs, Can Fin Homes, ICICI Securities, Larsen & Toubro, Uco Bank and Navin Fluorine International are […]
