The promoters of VIP Industries have put their entire stake (51.74 percent) up for sale, which could trigger an open offer as per regulatory guidelines, the report added
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This PSU metal stock has zoomed 170% in one year; trades at new high (21-11-2024)
NALCO shares continued their upward movement hitting a new high at Rs 252.65, up 5% in intra-day trades and have surged 15% in the past 3 days after China said it would cancel export tax rebates.
Cereals, Edible Oils and Pulses prices edging higher says RBI (21-11-2024)
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Sensex slides 430 pts; oil & gas shares extend losses for 9th day (21-11-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 430.59 points or 0.55% to 77,147.75. The Nifty 50 index lost 164.75 points or 0.70% to 23,353.75.
Adani group stocks’ combined mcap erodes by Rs 2.45 trn amid allegations (21-11-2024)
Adani group stocks faced heavy drubbing during the morning trade on Thursday, with the combined market valuation of all the listed firms getting eroded by Rs 2.45 lakh crore, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts.
The stock of the group’s flagship firm Adani Enterprises plunged 22.99 per cent, Adani Ports dived 20 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 19.53 per cent and Adani Total Gas tumbled 18.14 per cent on the BSE.
Shares of Adani Power slumped 17.79 per cent, Ambuja Cements cracked 17.59 per cent, ACC fell 14.54 per cent, NDTV dropped 14.37 per cent and Adani Wilmar declined 10 per cent.
Some of the group firms also hit their lowest trading permissible limit for the day.
The combined market capitalisation (mcap) of all the ten listed group firms eroded by R
How High School Graduates Can Improve Their Earnings Potential (21-11-2024)
New research shows that 73 “launchpad jobs” can help those without a four-year college degree advance and achieve higher pay.
System liquidity moderated in latter half of October on build-up in government cash balances (21-11-2024)
According to Reserve Bank of India (RBI), system liquidity moderated in the latter half of October with the build-up in government cash balances on account of higher GST collections 18 and festival related expansion in currency in circulation. Government spending eased liquidity conditions in early November. Overall, system liquidity remained in surplus during the second half of October and early November, with the average daily net absorption under the liquidity adjustment facility (LAF) increasing to Rs 1.72 lakh crore during October 16 to November 18, 2024 from Rs 1.14 lakh crore during September 16 to October 15, 2024.
Want to be in exciting sectors? Look beyond the top 50, 100 stocks: Mihir Vora (21-11-2024)
Mihir Vora, CIO of Trust Mutual Fund, suggests that India’s recent market performance is linked to global trends, particularly the “Trump trade.” He observes that while large-cap stocks, especially in the Nifty, are influenced by global factors, the domestic growth story is playing out more strongly in the broader market, particularly in sectors like renewables and data centers.