Benchmark Sensex tanked 542 points to settle at a four-week low while Nifty closed below the 19,400 mark, extending their losses for a third straight day on Thursday in tandem with a bearish trend in global markets following the US rating downgrade. Here’s how analysts read the market pulse: “Global markets are still grappling with … Read more
Domestic equity markets are set for a negative opening on Thursday tracking the mixed global cues. US stocks settled marginally lower on Wednesday, whereas Asian peers kicked off trade in red. Inflation worries persist after the US Fed’s hawkish commentary. Back home, IT majors will be in action following the Q2 earnings. Here’s breaking down … Read more
Chennai-based Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, picked up stocks such as Chennai Petroleum Corporation, National Oxygen and Monte Carlo Fashions. Chennai Petroleum surged 145% in the June quarter amid rising crude oil prices. Source link
Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Limited (FCRL) have moved the Securities Appellate Tribunal (SAT) against the Sebi order banning them from the capital market for one year. On February 3, the Securities and Exchange Board of India (Sebi) had banned the Biyani bothers and FCRL from accessing … Read more
NEW DELHI: Sameer Gehlaut, Executive Chairman of Indiabulls Housing Finance, resigned from his position with immediate effect to focus more on the role of Chief Executive Officer of Indiabulls Ventures, another company that he promotes. He will be replaced by Subhash Sheoratan Mundra, ex-RBI deputy governor, the company said. “The board noted that the appointment … Read more