The initial public offer of Sula Vineyards got subscribed 2.33 times on the last day of offer on Wednesday. The Rs 960.35-crore initial share-sale received bids for 4,38,36,912 shares against 1,88,30,372 shares on offer, according to NSE data. The IPO of up to 2,69,00,530 equity shares had a price range of Rs 340-357 a share. […]
Europe is mulling a shift to a shorter T+1 settlement trade cycle for its markets from the current T+2, according to people in the know. ‘T’ stands for trade day. The Association for Financial Markets in Europe (AFME) — an industry advocacy organisation that represents wholesale market participants in Europe, including the European Union and […]
After falling for eight consecutive sessions, domestic indices reversed the downtrend and ended the first session of March broadly in the green territory. The Nifty 50 settled above the crucial 17450 level and BSE Sensex closed above 59400. The top gainers on the Nifty 50 were Adani Enterprises (up 15.78%), Hindalco (up 3.68%), UPL (up […]
Domestic equity indices were trading flat in the mid-day session on Wednesday with NSE Nifty falling 16.75 pts or 0.09% to 17,897.40 and BSE Sensex slipping 8.49 pts or 0.01% to 60,106.99. The most active equities of Nifty are Bharti Airtel, ICICI Bank, Reliance Industries, HDFC Bank and Tata Motors. Nifty 50 Gainers and Losers […]
Foreign institutional investors (FII) sold shares worth a net Rs 628.07 crore while domestic institutional investors (DII) purchased shares worth a net Rs 350.57 crore on Tuesday, January 3, 2023, according to the data available on NSE. For the month till January 3, FII sold shares worth a net Rs 840.64 crore while DII bought […]
Benchmark indices Nifty and Sensex pared early losses today and managed to settle marginally in the green for the ninth session in a row. NSE Nifty 50 rose 15 points or 0.08% to settle at 17827; BSE Sensex gained 38.23 points or 0.06% to 60,431. In sectoral indices, NSE Nifty Bank surpassed the crucial 42100 […]
Growth in loans given by non-banking financial companies (NBFCs) to the MSME sector was more than three times that of banks, benefitting from their ability to offer customised financing solutions, said the Reserve Bank of India (RBI) on Wednesday. In its latest report on the performance of the banking sector during 2022-23 and 2023-24 so […]
By Rahul Shah Markets back in the grips of long-awaited bulls, Equity benchmark index posted its best weekly advance since April as decline in commodity prices eased some concerns of higher inflation and tighter monetary policy measures. Sensex gained 3% or 1574 points to close at 54482 while Nifty surged by 469 points to close […]
Arbaaz Khan, who marked his debut in the acting realm with the film “Daraar” in 1996, has remained a prominent figure in the Hindi entertainment industry for over two decades. His influence extends beyond the borders of Bollywood, as he has delved into South Indian cinema, directed films, and produced blockbuster hits like the Dabangg […]
India’s market regulator will update the finance ministry this week on its investigation into the Adani Group‘s withdrawn $2.5 billion follow-on public issue, two sources familiar with the matter said on Monday. The board of the Securities and Exchange Board of India (SEBI) is scheduled to meet Finance Minister Nirmala Sitharaman on Feb. 15, the […]
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