Reliance Industries (RIL) is in the spotlight on August 29, 2024, as it holds its 47th Annual General Meeting (AGM). The company’s shares have reached a new milestone, crossing the Rs 3,000 mark in early trading, buoyed by investor anticipation surrounding Mukesh Ambani’s forthcoming address. The stock traded at Rs 2,999 apiece with a market capitalization of Rs 20.29 lakh crore, touching an…
Global index provider MSCI has announced significant changes to its India Index for August, adding seven stocks while removing one. The additions include Rail Vikas Nigam Limited (RVNL), Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial Services, and Zydus Lifesciences. Bandhan Bank will be the sole stock removed from the index. Additionally, MSCI will be increasing…
Foreign Portfolio Investors (FPIs) shifted to net selling in the Indian stock market, liquidating equities worth Rs 12,404.73 crore during the week of August 5 to August 9, 2024. According to data from the National Securities Depository (NSDL), FPIs sold shares daily throughout the week, with the exception of Friday, when they purchased equities worth Rs 521 crore.
The selling by FPIs is…
Ola Electric: Bhavish Aggarwal in India’s billionaire list, worth $1.44 billion as stock rallies 17%
Ola Electric Mobility Ltd’s stock experienced a significant surge of 17% following its muted market debut, propelling the company’s founder Bhavish Aggarwal into the ranks of India’s billionaires. Aggarwal, who holds a substantial 36.94% stake in the company, saw his net worth soar to approximately ₹12,104 crore (about $1.44 billion) as a result of the rally.
The Ola Electric IPO, which…
Market Overview
The Indian stock market experienced a significant downturn today, with the Sensex dropping 400 points. Despite the overall negative sentiment, the market breadth remains positive, buoyed by gains in mid-cap and small-cap stocks.
Sanghvi Movers’ Significant Decline
Shares of Sanghvi Movers hit a six-month low, trading at Rs 800.10, reflecting a sharp decline of 10 percent in…
Indian benchmark indices faced a sharp decline on Friday, influenced by weak global economic data and growing recession concerns. The BSE Sensex dropped by 885.60 points, or 1.08%, closing at 80,981.95. The NSE’s Nifty50 fell by 293.20 points, or 1.17%, ending the day at 24,717.70.
As the market braces for Monday’s trading session, key stocks are expected to be in focus:
Infosys: The IT giant…
Indian Equity Benchmarks Reach Record Highs as BSE Sensex Crosses 82,000 and Nifty50 Surpasses 25,000
In a landmark achievement for the Indian stock markets, both the BSE Sensex and Nifty50 reached unprecedented levels in early trading on Thursday. The BSE Sensex soared past the 82,000 mark for the first time ever, while the Nifty50 climbed above 25,000, hitting a new all-time high.
At 9:16 AM…
