The Indian market is likely to consolidate on Thursday tracking muted global cues. The S&P BSE Sensex and Nifty50 closed mixed on Wednesday. The Nifty50 closed just a shade below 19,400 levels. India VIX was up by 1.56% from 11.70 to 11.88 levels in the previous trading session. Volatility was on the rise and made … Read more
Mumbai: Gujarat-based listed public sector undertakings (PSUs) were among the top performers on the bourses on Wednesday after the state government announced a policy defining a minimum threshold of dividend distribution and allotting bonus shares for all the companies it owns. Shares of Gujarat State Fertilizers & Chemicals surged 20% and closed at a seven-month … Read more
Mumbai: Fertiliser companies were among the top gainers on the bourses Wednesday as continued optimism about the sector’s prospects helped the companies extend their winning run. Speculation that the government might increase subsidy for urea in the upcoming Budget has fuelled investor interest in these stocks of late. On Wednesday, National Fertilizers, and Ferilizers, and … Read more
Indian market closed in the green for the sixth consecutive day on Friday tracking positive global cues. The S&P BSE Sensex reclaimed 56,000 while the Nifty50 closed above 16,700 levels. Sectorally, buying was seen in banks, finance, FMCG, and realty stocks, while selling was seen in power, utilities, IT, and telecom stocks. Stocks in focus … Read more