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Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for February starting from 1 March 2021.
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NSE will now have to do a thorough analysis of the reasons that led to the halt in trading
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Over 10 companies are set to hit D-Street with its public offerings.
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All 30 stocks on the Sensex ended in the red. ONGC, M&M, Bajaj Finserv, Axis Bank & Kotak Mahindra Bank lost around 6%.
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Investors on Dalal Street witnessed wealth erosion of over Rs 5.54 lakh crore on Friday as market participants preferred to book profits, amid weak global cues and concerns over hardening bond yields in the US and India.
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RailTel is a debt-free company and pays consistent dividends.
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Shares of the company traded over 5% higher at Rs 74.20 after the announcement of the buyback.
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A spike in domestic and global bond yields spoiled investors’ appetite for risky assets on Friday.
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Benchmark equity indices BSE Sensex and NSE Nifty cracked more than 3% on Friday following subdued global cues.
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Seven companies including RailTel, Nureca, Heranba, IRFC, Indigo Paints, Home First Finance and Stove Kraft have raised around Rs 8,000 crore through an initial public offering in 2021 so far.