Mumbai: Power stocks were among the top gainers on Tuesday, riding the bullish momentum in the past month, as investors bet that the government’s increased thrust on manufacturing would boost the demand for energy. The BSE Power Index, which gained 10% in the last month, rose 1.5% on Tuesday. Analysts believe the favourable government policies … Read more
The Street saw a host of block deals on Tuesday as both foreign and domestic institutional investors picked up stakes in 360 One, Inox Wind, Bikaji and Minda Corp. Inox WindPromoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price … Read more
Indian equities ended on a weak note in a volatile trade for the second trading session in a row on Monday. The sharp decline in heavyweights including RIL, ITC and Kotak Mahindra Bank dampened the sentiment on the D-Street. Nifty ended at 19,672, down 73 points. Furthermore, markets have turned anxious ahead of the FOMC … Read more
The December quarter earnings were a mixed big, but an analysis of the bottomline performance of the companies showed that as many as 41 of them reported a loss for the fourth straight quarter. The analysis by ETMarkets was done on companies with a minimum market capitalisation of Rs 500 crore. The new-age technology companies, … Read more
Inox Green Energy, along expected lines, made a muted debut on the bourses on Wednesday. Even after the listing, the stock continued to trade on a lacklustre note. The scrip, against the issue price of Rs 65 apiece, got listed at a discount of 8% at Rs 60 per share on the National Stock Exchange … Read more
Indian market rose on Friday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while Nifty50 reclaimed 17800 levels. Sectorally, buying was seen in metals, healthcare, banks, and public sector while some selling was seen in telecom stocks. Tracking the momentum, experts see Nifty50 inching towards 18000 levels in the next … Read more
NEW DELHI: Shares of Inox Wind tumbled 4 per cent on Wednesday after the company said it is raising Rs 402 crore through preferential issue of equity shares and convertible warrants. The firm said its promoters will infuse Rs 150 crore while a foreign company Samena Green will infuse Rs 152.5 crore. Lend Lease Company … Read more