Reliance Industries, Tech Mahindra and Mazagon Dock among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible … Read more
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Mumbai: Locked-in shares of at least 10 companies could find their way into the open market in September as the deadline for investors to compulsorily hold these shares bought through pre-Initial Public Offer (IPO) placements ends. Computer Age Management (CAMS), Concord Biotech, SBFC Finance, Happiest Minds, Route Mobile, and Chemcon Speciality, are among the companies … Read more
Infosys, NTPC and Hindustan Unilever were among the top large-cap stocks fancied by mutual funds in April, while reducing positions in SBI, Axis Bank and ICICI Bank. Overall, in the reporting month, mutual funds sold stocks worth Rs 5,100 crore while FIIs bought Rs 12,400 worth stocks in the secondary market, according to a report … Read more
“Allocate 35-40 % in banks, 15% in midcap software, 15 % in auto, 15% in profitable platform companies and 10% in new age digital companies,” says Dipan Mehta – Founder Director at Elixir Equities Pvt. Ltd.In an interview with ETMarkets, Mehta, said: “Banks, as this is the golden period for them with decent demand for … Read more
Indian markets opened on a subdued note on Thursday tracking muted global cues. The S&P BSE Sensex fell over 100 points while the Nifty50 held on to crucial support of 17,900 levels in the first 15 minutes of trade. Sectorally, buying was seen in realty, utilities, power, consumer discretionary, and consumer durables while selling was … Read more
Indian market closed in the green on Monday for the third consecutive day. The S&P BSE Sensex rallied by over 400 points while Nifty50 closed above 15,800 levels. Sectorally, buying was seen in capital goods, IT, metals, and public sector stocks. The S&P BSE Mid-cap index was up 0.8 per cent while the S&P BSE … Read more
It turned out to be a painful week for the investors on Dalal Street as the benchmark index Sensex lost 2,943 points. The broader Nifty50, which ended below the 15,300 mark, is now just 411 points away from entering the bear zone officially. Data shows that it was the worst week for the Nifty in … Read more
NEW DELHI: The Rs 600 crore IPO by Route Mobile received 5 times bids so far on Day 3 of the bidding process. As per data available with BSE and NSE, the issue received bids for 6,15,32,960 shares by 11 pm on Friday, which was 5.05 times the total issue size of 1,21,73,912 shares. The … Read more