On Wednesday, December 18, state-owned NMDC Ltd.’s stock fell 7% as a result of media reports that the Karnataka government is thinking of raising the tax on iron ore mining. The stock continued to drop for the sixth consecutive session since December 11 when it hit its intra-day low of ₹211.35. During this time, it […]
After the U.S. Federal Reserve indicated a slower pace of rate cuts in the upcoming year, risk aversion took over, causing emerging Asian equities to plummet to multi-month lows and currencies to slump versus a strong dollar on Thursday. The MSCI emerging markets currency index plummeted 0.5% to its lowest level over four months, while
Asian currencies, stocks tumble on Fed’s hawkish rate outlook: Know More Here Read More »
On Tuesday, December 17, after landing a sizable order for solar pumps, shares of RMC Switchgears were stuck in the 5% upper circuit limit for the second day in a row, hitting a new all-time high of ₹1,159.65 per share. A renowned system integrator has granted the company a Letter of Acceptance (LOA) to supply,
During its board meeting on December 18, the Securities and Exchange Board of India (Sebi) may accept measures that will impact angel funds, small and medium-sized businesses (SMEs), and the larger securities market through insider trading regulations, IPO regulations, and compliance for registered entities. A proposed revamp of the regulations regulating SME IPOs is one
Investors feel less pain following a year marked by worries about declining demand in China, the world’s largest market, thanks to a December comeback in European luxury goods stocks. With multiple rounds of stimulus in China aimed at revitalizing the world’s second-largest economy, optimism is returning, putting shares of luxury goods manufacturers on track for
Luxury Stocks Find China Solace to End Bad Year on Brighter Note: Know More Here Read More »
Mankind Pharma’s stock increased 2.3% during trading, reaching an intraday high of Rs 2,753 on the BSE. A day after the company’s qualified institutional placement (QIP) was launched, the stock was purchased at a floor price of Rs 2,616.55 per share. This is a 2.4% reduction from the closing price on Monday. According to its
Mankind Pharma shares in focus after co launches Rs 3,000 crore QIP Read More »
JPMorgan Chase & Co. claims that Donald Trump’s entry to the White House is driving up currency trading volumes because of his trade policies, which are drawing more attention to foreign exchange markets. Head of currencies and emerging markets trading at the US bank Stephen Jefferies said he expects a busy year ahead and that
JPMorgan’s Head of Currency Trading Sees Trump Boosting Volumes Read More »
On Tuesday, December 17, trading in six equities in the futures and options (F&O) segment was prohibited by the National Stock Exchange (NSE) because they had over 95% of the market-wide position limit (MWPL). These equities will, nevertheless, be traded on the cash market. The list of securities in the F&O ban for trade is
Hindustan Copper, National Aluminium among 6 stocks in F&O ban list today Read More »
Global pharmaceutical giant Lupin Limited said Friday that it has strengthened its diabetes portfolio in India by acquiring the anti-diabetic trademarks GIBTULIO, GIBTULIO MET, and AJADUO from Boehringer Ingelheim International GmbH (Boehringer Ingelheim). According to the agreement, Lupin will receive the trademark rights for these brands by March of the following year. In the Indian
On Monday, ONGC shares started slightly down at Rs 253.35 after the company made it clear that it currently has no firm plans to list its affiliate, ONGC Green, on the stock exchange. “ONGC would like to clarify regarding the news article on the likely public listing of ONGC Green Limited (OGL). The question was
ONGC shares drop after co issues clarification on green energy arm’s listing plans Read More »
