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
Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … Read more
Mumbai: The selloff in shares of public sector companies aggravated on Monday as disappointing third-quarter results of a few prompted traders to liquidate bullish bets. Analysts warn about the likelihood of further declines in these stocks, which have been the top performers on Dalal Street for the past three months. Any sharp fall in the … Read more
Indian market bounced back on Friday after closing lower on the Interim Budget Day. The S&P BSE Sensex rose more than 400 points while the Nifty50 closed above 21800 levels. Sectorally, buying was seen in oil & gas, energy, metal, and public sector stocks while selling was seen in the telecom and banking space. Stocks … Read more
It was yet another successful divestment for the government as NHPC’s offer for sale (OFS) received a massive response from both institutional and retail investors. The OFS, which opened for retail investors on Friday, was subscribed 1.4 times, with the government getting bids for over 3.8 crore shares against 2.5 crore shares on offer. The … Read more
Nine new stocks will be part of the MSCI India Index as the rejig comes into effect from Thursday. These stocks are IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, Polycab, Macrotech Developers, Tata Motors A, One 97 Communications (Paytm), Tata Communications. Moreover, seven stocks viz. Zomato, Hindustan Aeronautics (HAL), Jio Financial Services, Vedanta, PFC, … Read more
New Delhi: The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details. The ministry is likely to adopt a “prudent selloff” approach now, one official told ET, adding there won’t be “divestment for the sake of divestment anymore” … Read more
The government’s offer for sale (OFS) of 4.9% stake in SJVN has received an overwhelming response from institutional investors, as the portion set aside for them was oversubscribed. As of 2 PM on Thursday, the government received bids for 12.13 crore shares, against 8.70 crore shares on offer, data on the BSE showed. The offer … Read more
Benchmark index S&P BSE Sensex fell nearly 670 points or over 1% at 66,933.52, dragged by HDFC Bank and Reliance Industries (RIL). The broader S&P BSE 500 index was trading at 27,712.32, down 205.65 points or 0.74% The market breadth skewed in favour of bears with 350 stocks trading with declines. The top gainers in … Read more
Adani Ports & Special Economic Zone. Share Price 828.60 02:51 PM | 29 Aug 2023 21.15(2.61%) Hindalco Industries. Share Price 455.20 02:51 PM | 29 Aug 2023 8.90(1.99%) UPL. Share Price 596.50 02:51 PM | 29 Aug 2023 11.35(1.93%) Hero MotoCorp. Share Price 2978.65 02:51 PM | 29 Aug 2023 46.90(1.59%) Adani Enterprises. Share Price … Read more