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Benchmark equity indices BSE Sensex and NSE Nifty advanced nearly 18% since the last Union Budget 2020 despite uncertainties in the form of Covid-19 pandemic.
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Shares of Indian Railway Finance Corporation (IRFC) made a lacklustre debut at the bourses on Friday. The scrip closed at Rs 24.80 on the NSE, down 4.83%, against the issue price of Rs 26 per share. Earlier, the initial public offer (IPO) of the company got subscribed 3.49 times on the final day of bidding […]
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Prateek Jain, co-founder and president, Winvesta, in an interaction with Money9, shared his views on the how Joe Biden’s victory in the US election can affect the decision of domestic investors who are investing in the American market.
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Extending its losing streak to the fifth straight session, equity benchmark Sensex plunged 536 points on Thursday, tracking losses in HDFC Bank, Infosys and HUL amid a weak trend in global markets. The 30-share BSE index ended 535.57 points or 1.13 per cent lower at 46,874.36. Similarly, the broader NSE Nifty fell 149.95 points or […]
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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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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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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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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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Last year was an unprecedented year in many ways with the NSE Nifty first nosediving to the lows of 7,500 and then registering a dramatic recovery. The rally, which extended to the New Year, is showing the first signs of fatigue, according to some experts. So, should you pull out your profits or is there […]
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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 […]
