Posts in category Economic Times
Is retail investors emerging as the third front against FII selling a structural development? Navneet Munot answers (20-06-2024)
Navneet Munot says, “There are many kinds of retail money. There are investors or speculators doing intraday, people playing F&O, the opportunistic people and the long-term investors who are doing in a very disciplined manner through the SIP. The most positive thing is the structural flow of money through the SIPs. The other part of the money will depend on the market cycle.”
Stock market update: Nifty IT index advances 0.03% (20-06-2024)
The Nifty IT index closed 0.03 per cent up at 34936.45.
Bulls Charge Ahead: Investors reap over ₹1 L cr as Sensex, Nifty hit new highs (20-06-2024)
The 30-share BSE Sensex rose 141 points to settle at 77,479. The broader NSE Nifty gained 51 points to end at 23,567. From the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries, and Kotak Mahindra Bank emerged as the top gainers, each rising over 1%. Conversely, Sun Pharma, M&M, NTPC, SBI, and Wipro were the top laggards. The Nifty Pharma index fell by 0.5%, primarily due to a 2.2% drop in heavyweight Sun Pharma's shares after its Dadra facility received a warning letter from the US drug regulator.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (20-06-2024)
Rashtriya Chemicals, FACT, C.E. Info Systems, Shradha Infraproject and National Fertilizers, hit their fresh 52-week highs during the day.
Stock market update: Mining stocks up as market rises (20-06-2024)
The 30-share BSE Sensex closed up 141.34 points at 77478.93
Money spinners! Track these 3 SME IPOs with GMP above 100% (20-06-2024)
Dindigul Farm Product IPO opened for subscription earlier today and has already been subscribed over 3X so far. The shares are trading with a premium of Rs 74 in the unlisted market as compared to an offer price of Rs 54. This indicates a listing gain of nearly 137% if the trends sustain.
Rupee falls to record low hurt by likely outflows, importer dollar demand (20-06-2024)
The currency fell to a record low of 83.6650 against the U.S. dollar in the latter half of Thursday's trading session, closing at 83.6425. This marks a decline from the previous session's close of 83.4550. Traders attributed the currency's weakness to a broadly stronger dollar and a weakening Chinese yuan, which exerted additional pressure on the Indian currency throughout the day.
FIU slaps Rs 18.82 cr penalty on crypto exchange Binance (20-06-2024)
FIU imposes Rs 18.82 crore penalty on Binance for alleged anti-money laundering law violation.
Motilal Oswal upgrades DCB Bank to ‘buy’, sees 22% upside potential amid attractive valuations (20-06-2024)
Motilal Oswal upgraded DCB Bank’s stock to ‘buy’ at Rs 175, projecting a 21% earnings CAGR over FY24-26E, with positive outlook on RoA/RoE and asset quality, while DCB Bank shares have shown mixed performance in the market.
Stanley Lifestyles IPO: 10 things to know before subscribing to the issue (20-06-2024)
The initial public offering (IPO) of Stanley Lifestyles will open for subscription on June 21. The issue closes on June 25. Through the public offer, the company plans to raise around Rs 537 crore. Here are 10 things to know about Stanley Lifestyles IPO before subscribing to the issue.