In the run-up to the Union Budget 2022, BSE Sensex and Nifty 50 have been trading volatile. In the week so far, BSE Sensex has lost over 4 per cent to day’s low of 56,628.36, while NSE Nifty 50 index plunged 3.7 per cent to trade at 16,921. On the Union Budget 2022 day, 1st […]
Domestic equity market benchmark indices are ending the calendar year 2021, down 8% from their all-time highs. While Dalal Street has seen a double-digit correction recently, the benchmark Nifty 50 is trading at close to 21x Fwd. PE, which is still expensive said Amit Premchandani, Senior Vice President & Fund Manager – Equity, UTI Mutual […]
Three companies — FirstMeridian Business Services Ltd, IRM Energy Ltd and Lohia Corp — have received capital markets regulator Sebi‘s go-ahead to raise funds through initial public offerings (IPOs). These firms, which filed their preliminary IPO papers with the markets regulator between September 2022 and January 2023, obtained the observation letters during February 21-24, an […]