Posts in category Economic Times
Sensex falls! These stocks fell 5% or more in Tuesday’s session (21-05-2024)
In the Nifty pack, 26 stocks closed in the green, while 24 stocks ended in the red.
Sensex drops 53 points in volatile trade amid weak global cues; metal stocks shine, IT falters (21-05-2024)
Gains from metal and energy stocks were offset by losses in banking and IT stocks. Tata Steel, JSW Steel, and Power Grid saw considerable gains, climbing 2.5% to 3.7%. US rate-sensitive IT stocks closed 0.2% lower. Volatility on Tuesday touched 22.3, a 23-month-high. The market capitalisation of all listed companies on BSE surged by Rs 2.23 lakh crore to Rs 414.58 lakh crore.
Stock market update: FMCG stocks down as market falls (21-05-2024)
The 30-share BSE Sensex closed down 52.63 points at 73953.31
Stock market update: Nifty Realty index falls 0.01% (21-05-2024)
The Nifty Realty index closed 0.01 per cent down at 1004.7.
HUL, Asian Paints see biggest drop in promoter holdings in Q4. Here are other top names (21-05-2024)
Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters don’t believe in the company's future.
Vi board approves allotment of equity shares worth Rs 2,075 crore to ABG entity (21-05-2024)
Vi's board approved allotting equity shares worth Rs 2,075 crore to an Aditya Birla Group entity, marking the conclusion of its over Rs 20,000 crore fundraising plan via the equity route.
Is it a good time to bottom fish in IT and banking stocks? Surjitt Singh explains (21-05-2024)
Surjitt Singh of PGIM India Mutual Fund discusses playing BFSI through differentiated themes, underweight banking and IT sectors. Market influenced by earnings season, government stability, and sectoral views. Positive on auto, healthcare, building materials. Concerns about real estate valuations. Metal pack showing signs of recovery. Overweight on hospitals and CDMO manufacturers in healthcare sector.
Vodafone Idea approves Rs 2,075 crore preferential allotment to AB Group (21-05-2024)
The allotment aggregates to Rs 2,075 crore and will be issued to Oriana Investments Pte Ltd (Aditya Birla Group entity forming part of the promoter group)
Sebi changes rule to determine m-cap of listed firms; 6-month average to be used now (21-05-2024)
Market experts believe the market capitalisation of a listed entity keeps fluctuating on a daily basis based on market dynamics and, therefore, an average of market capitalisation figures over a reasonable period of time (six months) would more accurately reflect the market size of the listed entity and consequently the ranking, vis-a-vis its peers.