Posts in category Business Standard
Gold price falls Rs 1,090 to Rs 63,110, silver down Rs 2,000 at Rs 78,500 (06-12-2023)
The price of 22-carat gold declined Rs 1,000, with the yellow metal selling at Rs 57,850
Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely (06-12-2023)
The optimal trading strategy for risk-tolerant traders involves selling Nifty IT either at the current levels or on upward movements, suggests Ravi Nathani
Nifty resistance at 21,193; LIC, India Cement top buy calls by Vinay Rajani (06-12-2023)
LIC's share has broken out from downward sloping trend line on the weekly chart
Promoter entity of Sapphire Foods India divests 4.2% stake worth Rs 378 cr (05-12-2023)
Promoter entity of Sapphire Foods India Arinjaya (Mauritius) Ltd on Tuesday pared a 4.2 per cent stake in the restaurant operator for Rs 378 crore through an open market transaction.
Sapphire Foods India Ltd (SFIL) is an omnichannel restaurant operator and the largest franchise of Yum Brands such as KFC, Pizza Hut, Taco Bell etc in India and Sri Lanka.
According to the bulk deal data available with the BSE, Arinjaya (Mauritius) Ltd offloaded 27 lakh shares, amounting to a 4.2 per cent stake in Sapphire Foods India.
The shares were sold at an average price of Rs 1,400.01 apiece, taking the transaction value to Rs 378 crore.
After the transaction, Arinjaya (Mauritius) Ltd's shareholding has declined to 3.79 per cent from 7.99 per cent in Sapphire Foods India.
Meanwhile, the Singapore government acquired more than 20.19 lakh shares of Sapphire Foods India at the same price.
Shares of Sapphire Foods India fell 1.67 per cent to close at Rs 1,422.50 apiece on the BSE.
In another bulk
Surging gold prices prompt Indians to recycle jewellery for weddings (05-12-2023)
"Wedding purchases are happening as they are inevitable," said Ashish Pethe, a partner at Waman Hari Pethe Jewellers
Sebi removes NSDL IPO from abeyance; Oil drops close to July low (05-12-2023)
Inox India's and Stanley's IPO comprise secondary share sale of 22.11 million and 9.13 million shares, respectively
Fed cut expectations ‘overdone,’ volatility to jump in 2024: BlackRock (05-12-2023)
"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay"
No stopping the bulls: Sensex races past 69K, Nifty50 nears 21,000 mark (05-12-2023)
Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver
Bull charge continues on D-Street: Indices up for 6th day; Sensex tops 69k (05-12-2023)
Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver
Adani Group stocks soar as US dubs Hindenburg allegations irrelevant (05-12-2023)
Value of GQG's investment up 75% to $7.5 bn