The Indian market snapped a 3-day winning streak to close in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 22,200 levels towards the close of the trade. Sectorally, buying was seen in the public sector, power, and capital … Read more
MUMBAI – Two promoter group entities in Adani Power have acquired 2% additional stake in the company in a staggered manner since September through the open market, according to exchange disclosures. Ardour Investment Holding and Emerging Market Investment DMCC, who are part of the promoter group entities, acquired 7.92 crore shares or 2.06% stake in … Read more
The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani’s empire may still extend declines to the 85% downside flagged by Hindenburg Research.The combined market value of the 10 listed companies in the group has slumped by $146 billion, or about 60%, since the US-based … Read more
Indian market plunged on Monday tracking weak global cues. The S&P BSE Sensex fell more than 800 points while the Nifty50 closed below 17500 levels. Sectorally, selling pressure was seen in metals, realty, consumer discretionary, auto, banks, and IT stocks. Stocks that were in focus included which closed with gains of 5 per cent, which … Read more
Indian markets closed in the green on Thursday despite a muted start. The S&P BSE Sensex and Nifty50 recouped intraday losses and closed marginally higher which is a positive sign for the bulls. Sectorally, buying was seen in realty, utilities, power, capital goods, and banks while some selling was visible in oil & gas, IT, … Read more
Indian market snapped its six-day winning streak and closed in the red on Thursday amid selling at higher levels. The S&P BSE Sensex and Nifty50 closed flat with a negative bias. Sectorally, buying was seen in healthcare, IT, metals, and consumer durables while some selling was visible in telecom, realty, and public sector stocks. Stocks … Read more
Indian market rose for the second day in a row on Friday pushing the S&P BSE Sensex above 56,000 on positive global cues. The Nifty50 also reclaimed 16,700 levels in the morning trade. Sectors that were in focus include IT, energy, capital goods, and oil & gas stocks while some pressure was seen in power, … Read more