State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
Mumbai: Market participants are recommending caution to retail investors who are mulling putting money in the government’s share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors … Read more
Indian market recouped losses and closed higher on Wednesday. The S&P BSE Sensex rose more than 100 points while the Nifty50 closed above 19,600 level. Sectorally, buying was seen in metals, consumer durables, oil & gas, and capital goods while selling was seen in realty and banks. Stocks that were in focus include names like … Read more