Shares of Reliance Industries rallied 2% to the day’s high of Rs 2,958 on BSE in Thursday’s session as investor optimism increased after the Ambanis announced signing of a binding agreement with Disney to form a joint venture that will combine the businesses of Viacom 18 and Star India. Global brokerage Jefferies said Disney’s business … Read more
MUMBAI – With a view to consolidate the television and digital news businesses, Network18 Group, owned by business tycoon Mukesh Ambani, has proposed the merger of TV18 Broadcast Ltd with Network18 Media & Investments Ltd through a share swap deal. Alongwith TV18 Broadcast, e-Eighteen.com Ltd will also be merged with Network18, the companies said through … Read more
Boosted by positive economic sentiments in the domestic market and continued FII inflows, Indian equities have been making new highs for quite a while. In trade on Wednesday too, Nifty and Sensex logged fresh record highs. Nifty ended at 19,833, while Sensex closed at 67,097 levels. Sectorally, IT and auto pack saw some weakness, while … Read more
Amid positive global market sentiments and tracking gains in the bank and financial services pack, Indian equity markets ended on a positive note on Friday. Nifty ended above 18,800 levels at 18,826, up 0.74%. Here’s how analysts read the market pulse: “The headline indices were outperformed by mid- and small-caps, with the Nifty Mid-cap index … 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