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
Indian equity indices, tracking world markets, ended on a solid note near record highs on Wednesday amid bets that the Federal Reserve may announce a rate pause in its policy outcome late at night. Sector-wise, metal pack topped, while there was seen selling pressure in private banking and financial services basket. Here’s how analysts read … Read more
NEW DELHI – Domestic equity markets suffered a sharp decline in the week gone by as mounting concerns over high inflation both home and abroad stoked speculation of aggressive rate increases by central banks. The week gone by was a volatile one for stock markets as the Reserve Bank of India (RBI) announced a 50-basis-point … Read more
With most large-cap stocks priced to perfection, fund managers mostly looked at stocks in the mid- and small-cap space for their equity portfolios in June. They picked up shares of companies with superior revenue prospects, strong balance sheet, higher market share and better execution skills. A few prominent companies which found a place in the … Read more
NEW DELHI: Shyam Metalics, whose Rs 909 crore IPO was sold from June 14 to June 16, has finalised its basis of allotment and the initialisation of refunds is likely to begin today. The IPO will list on the bourses on June 24. The issue by the producer of long steel products, which consisted of … Read more
NEW DELHI: The initial public offer (IPO) of Shyam Metalics and Energy will hit the Street on Monday. The producer of long steel products is looking to raise about Rs 909 crore from a mix of fresh issue and offer for sale. It is looking to use the net proceeds from the fresh issue mainly … Read more