Mukesh Ambani is richest Indian
A rebounding stock market that gained two-thirds in the past year and an economy growing at 6% have boosted the net worth of India’s richest people, according to the latest Forbes’ India Rich List.
The combined net worth of India’s 100 richest people is USD 276 billion, almost a quarter of the country’s GDP.
Last year, there [...]
Sensex may drift down to 12500, -ve on RIL: Shankar Sharma
Shankar Sharma, Vice-Chairman and Joint Managing Director, First Global, says the Sensex can drift down to 12,000-12,500. He feels the next 3-4 months would to be challenging for equities. “We are looking at a 20% fall in global markets, so India would sell off more if they fall.” Shankar advises investors to stay away from [...]
Indian Stock Market snaps last six days gains
The key benchmark indices snapped last six days gains. Index
heavyweight Reliance Industries (RIL) edged higher in volatile
trade. The BSE 30-share Sensex fell 50.11 points or 0.31% up close
to 95 points from the day’s low and off 40 points from the day’s
high. Auto and banking stocks were in demand. PSU OMCs also edged
higher as crude oil [...]
Sensex, Nifty strike fresh 15-month high in opening trade; breadth strong
Key benchmark indices opened on a firm note, extending two-day
strong gains, on firm Asian equities. The BSE 30-share Sensex was
up 73.13 points or 0.46%. Both the barometer indices – the BSE
Sensex and S&P CNX Nifty struck their highest level in more than
15-months.
The market breadth, indicating overall health of the market, was
strong. TCS gained around 3%, [...]
Sensex races past 16,000 mark
Strong response to the initial public offer of Oil India, an improvement in business confidence of India Inc and revival of monsoon rains bolstered bulls as the barometer index BSE Sensex surged past the psychological 16,000 mark. The Sensex and the 50-unit S&P CNX Nifty, both, struck their highest level in more than 15 months. [...]
Subscribe to Oil India IPO: Brokerages’ unanimous view
Oil India, the second largest oil and gas company in India, will come out with an initial public offering (IPO) of 26,449,982 equity shares of face value Rs 10 each. Its issue price has been fixed at Rs 950-1050 per equity share and it will raise around Rs 2,512.75-2,777.25 crore.
The issue comprises a net issue [...]
NHPC slips after listing at Rs 42 on the NSE
NHPC, India’s largest hydro power generator, listed at Rs 42 on the NSE, a premium of 16.67% to its issue price of Rs 36 a share. However, the share slipped and was trading at Rs 38 at a premium of 5.57% to its issue price. The share touched an intraday high of Rs 42 and [...]
Volatility to the fore in Indian Stock Markets
The key benchmark indices edged higher after moving between the
positive and negative terrain in early afternoon trade. The BSE
30-share Sensex was up 36.27 points or 0.23%, up close to 55 points
from the day’s low and off 55 points from the day’s high. Realty,
construction, cement, banking stocks rose. IT stocks fell.
Metal stocks rose but India’s largest [...]
Market firms up on revival of monsoon
The key benchmark indices edged higher in early trade on revival of
monsoon rains. The BSE 30-share Sensex was up 62.46 points or 0.4%,
up close to 70 points from the day’s low. Telecom, oil & gas,
realty and capital goods stocks led early gains. India’s largest
steel maker by sales But Tata Steel extended losses for the second
day [...]
Stock Market Update
Key benchmark indices extended recovery top strike fresh intra-day
high in afternoon trade as pivotals extended gains for fourth
session. The BSE 30-share Sensex was up 49.84 points or 0.32%,
above 255.95 points from the day’s low, but off 21.11 points from
the day’s high. High volatility was the hallmark of the day’s
trading session. Global cues were negative with [...]