Zomato share price fell more than half a per cent down to Rs 61.90 apiece on BSE on Thursday. Kotak Institutional Equities has raised Zomato’s target price to Rs 85 from Rs 80 earlier, and has retained ‘buy’ rating on the stock. The target price implies a 36.5 per cent potential rally from the last …
This is what caused Rakesh Jhunjhunwala’s untimely death
Those who knew Rakesh Jhunjhunwala closely often heard him say that he would ideally want to have his breakfast, do some trading, get back home for dinner, have his drink and then go to sleep and not get up the next day. And as the news of his passing at 7 am on Sunday, August …
M&M, Adani Ent, PVR among 90 BSE stocks to hit fresh 52-week highs; Future Consumer, Future Retail at new lows
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were trading over half a per cent down on Wednesday, a day before weekly F&O expiry. Stocks of index heavyweights such as Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC), ITC, Reliance Industries contributed the most to the indices’ fall. So far in the day, …
Goldman Sachs sees India bonds getting added to JPMorgan Index with an initial 10% weightage
Indian government bonds may be added to a global index next year, triggering passive inflows of about $30 billion that will help the country to finance its current account and fiscal deficits, according to Goldman Sachs Group Inc. The nation’s sovereign bonds may be added to JPMorgan’s GBI-EM Global Diversified bond index with an initial …
Stellantis to pick up 20% stake in Leapmotor for 1.5 billion euros
European auto major Stellantis has announced that it plans to invest around 1.5 billion euros to acquire approximately 20 percent stake in Leapmotor. This agreement with Leapmotor will make Stellantis a significant shareholder in the company. The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for …
Sensex tanks 1%, Nifty support seen at 17400, analysts see more correction in stock markets
BSE Sensex and NSE Nifty 50 ended more than 1 per cent down, each, on Friday, as growth concerns weighed on investor sentiment. BSE Sensex tanked 652 points or 1.08% to end at 59,646.15, while NSE Nifty 50 points ended at 17758, down 198 pts or 1.10%. Index heavyweights such as Reliance Industries Ltd (RIL), …
SGX Nifty sits in red, 17800 to act as resistance for Nifty; 5 things to know before today’s opening bell
Domestic stock markets soared higher on the weekly futures & options expiry session on Thursday. S&P BSE Sensex rallied 515 points or 0.88% to settle at 59,332 while the NSE Nifty 50 index jumped for the fourth consecutive session to end at 17,659. India VIX has meanwhile, tanked 6% to sit just above 18 levels. …
BSE reassures investors on refunds on StARMF platform
The BSE on Thursday said the delay in processing some of the refund transactions on its StARMF platform was due to incomplete information being received from some of the payment aggregators. During July, BSE StARMF processed around 1.84 crore transactions. Usually, transactions for which refunds are to be processed and money credited to the client …
Indore-2 Constituency Madhya Pradesh Assembly Election 2023: Date of Result, Voting, Counting; Candidates
Indore-2 MP Assembly Election 2023 Details: The Election for Indore-2 Assembly Constituency in Madhya Pradesh will be held on November November 17. The date of voting and result was officially announced by the Election Commission of India on October 9 . Here are the important details of the Indore-2 Constituency Assembly Election 2023 that you …
US Stocks end lower as investors turn cautious ahead of CPI inflation data; Bitcoin snaps 4-day winning streak
US Stocks retreated as a downbeat outlook from another giant chipmaker added to recession fears, with many traders unwilling to make any risky bets before Wednesday’s pivotal inflation reading. A rally in the S&P 500 from its June lows hit a wall amid a fourth straight day of losses. The Nasdaq 100 underperformed as Micron …