MUMBAI: Investors, globally, do not like surprises. They also prefer a status quo. Surprisingly, both these elements were missing during Tuesday’s trading on Dalal Street. The result: A never-seen-before 4,390-point crash in Sensex and a Rs 31-lakh-crore wealth destruction in just six-and-a-half hours.On Tuesday, contrary to exit poll predictions of a resounding election mandate for…
MUMBAI: Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets.Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said.Profit-taking also came into play as…
MUMBAI: India’s market capitalisation crossed the Rs 400-lakh-crore milestone on Monday – adding a little over Rs 100 lakh crore in the last nine months – riding on the back of a resilient domestic economy despite global jitters, good corporate results and strong buying by institutional investors. As the sensex and the nifty both scaled…
Benchmark equity indices Sensex and Nifty ended the last day of trade of the 2023-24 fiscal on a bullish note on Thursday, driven by heavy buying in power, auto and banking stocks amid a positive trend in global markets. In the 2023-24 financial year, the BSE benchmark jumped 14,659.83 points or 24.85 per cent, and…
Gautam Hari Singhania Concerned about the substantial drop in stock prices due to investor concerns stemming from the family dispute, Gautam Singhania, chairman and managing director of Raymond, has sent an email to the company’s board and employees, assuring them that challenges in his personal life wouldn’t impact the group’s businesses. The communication is intended…
