Benchmark indices edged lower in a volatile trade on Friday. The 30-share BSE Sensex slipped 15 points to close at 73,142 and the broader Nifty closed lower by 4.75 points at 22,212. Stocks that were in focus included names like Sona BLW Precision, which rose 5.9%, Jio Financial, which was up 10.62%, and Vodafone Idea, … Read more
Franklin Templeton Asset Management sold 0.1% of its holding in LIC last month, while Union Mutual Fund exited the company by selling all its holdings. One other D-Street favourite that was dumped by MFs was Radhakishan Damani’s Avenue Supermarts. Indiabulls Mutual Fund, Union Mutual Fund, and Groww Mutual Fund were sellers in the D-Mart retail … Read more
Benchmark indices ended lower on the last day of May amid negative signals from global markets. The S&P BSE Sensex fell 346 points at 62,622, while the Nifty50 settled at 18,534 levels. Among the sectors, auto gained 0.15%, FMCG was up 0.23%, IT was flat, while bank, metals, and financials dragged. Stocks that were in … Read more
Index aggregator MSCI Inc has rejigged the Global Smallcap index as part of its review, which will see 14 Indian stocks enter the index, and nine exit, effective May 31. Action Construction Equipment, Anupam Rasayan, Bikaji Foods, Fusion Micro Finance, IRCON International, Kaynes Technologies, KFin Technologies, Maharashtra Seamless, NMDC Steel, Power Mech Projects, Rail Vikas … Read more
Blackstone has sold its entire 20.5% stake in Sona BLW Precision Forgings for about Rs 4,916 crore via a block deal on Monday. Blackstone, through its subsidiary, Singapore VII Topco III Pte Ltd, offloaded about 11,99,25,641 shares at a price of Rs 410 per unit, according to the data available with the exchanges. The sale … Read more
In the fag-end of last week which brought a massive sell-off in Dalal Street, one sector that managed to add wealth into investors’ kitty was automobile and auto ancillary. Major stocks in this pack not only managed to buck the weak market trend but also gave strong double-digit weekly returns. The S&P BSE Auto index … Read more
Shares of 2/3-wheeler major dropped over 4% to Rs 3,595.5 in Thursday’s intraday trade on the BSE after the company reported a 19.3% fall in November sales. Sales of Bajaj Auto stood at 3.06 lakh units in November 2022 against 3.79 lakh units in November 2021. Its exports also fell 30% to 1.53 lakh units … Read more