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This week witnessed a sharp correction in domestic bourses while the global peers followed. The abrupt fall coincided with the monthly expiry which acted as a double whammy leading to a sharp bruise in the highly run-up stock prices. In fact, it is the weaker bets that have moved out of the markets before the […]
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Union Budget 2021, RBI monetary policy outcome, December quarter earnings and auto sales figures for the month of January will drive the market next week. Market is awaiting key reforms that could push growth and kickstart the capex cycle in the economy. The Union Budget 2021-22 would be presented on February 1. The Parliament session […]
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After a gap up opening, the BSE Sensex and BSE Nifty ended Friday’s volatile session more than 1% lower, dragged by heavy selling in IT and auto stocks. Maruti Suzuki, Bajaj Auto, Infosys, Bharti Airtel, and Bajaj Finserv, down between 5% and 2.5%, were the top losers. On the flipside, IndusInd Bank, Sun Pharma, HDFC […]
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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 […]
