UltraTech Cement and India Cements: UltraTech Cement’s Board approved the purchase of a 32.72% equity stake in India Cements from its promoters and their associates for ₹3,954 crore at ₹390 per share. This stake sale will trigger a mandatory open offer at ₹390/share, subject to regulatory approvals. The price offered is 4.1% higher than ICL … Read more
While investors have been increasing their equity holdings over the past few months, driving the S&P BSE Sensex and Nifty 50 to record highs, it is silver that has delivered the best return in the first half of 2024 (H1-CY24), with gains exceeding 30 percent during this period. Data shows that over 20-year and 10-year … Read more
Finance Minister Nirmala Sitharaman is all set to present the Union Budget for 2024-25 on Tuesday, July 23. The Union Budget has been a key trendsetter for the Indian stock market, with the announcement being associated with market volatility. According to data available from the last ten years, the Indian market closed in a negative … Read more
Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, finished Friday’s session on a bleak note since they were unable to recover their losses. In the last hour of trading, Nifty 50 managed to close above the dotted lines despite a lackluster day’s progress. Gains in energy stocks helped the Nifty 50 achieve a new … Read more
Buy or sell stocks for today: On Tuesday, despite mixed global cues, the domestic benchmark indices, the Sensex and the Nifty 50, reached new all-time high levels before finishing flat as a result of profit-taking in a few banking and telecom stocks. In a volatile trade, the 30-share BSE Sensex fell 34.74 points, or 0.04%, to … Read more
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,180 level, a premium of nearly 85 points from the Nifty futures’ previous close. On Thursday, the domestic equity indices registered fresh closing highs, with the Nifty 50 seeing June F&O series record expiry … Read more
Asian markets traded mostly lower while the US stocks ended mixed overnight with a rally in technology stocks. On Tuesday, the Indian stock market indices ended with sharp gains after hitting fresh record highs during the session. The Sensex surged 712.44 points, or 0.92%, to close at 78,053.52, while the Nifty 50 settled 183.45 points, … Read more
You often hear that it is essential to diversify mutual fund investments across asset classes and categories. However, it’s equally crucial to vary investment styles within a category. You can pick a fund following growth investing style and a value style that tend to do well during different cycles of the economy. Growth style typically … Read more
Indian stock market: Nifty has been hovering within the 23300 to 23600 range, indicating indecisiveness, which sets the stage for a very volatile monthly expiry. A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the … Read more
Eight of India’s ten most valued companies collectively gained ₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers. Overall, RIL maintained its position as the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, and … Read more