Having recently surpassed the 85,000 mark, the Sensex is now edging closer to the highly anticipated 1 lakh milestone. (AI image) The Sensex, India’s primary stock market index, has delivered remarkable returns of 850 times to investors over the past 45 years, compounding wealth at an impressive CAGR of around 16%. To put it in…
The sensex and Nifty scaled new life-highs in Tuesday’s session, with the former rallying past the 85,000 mark for the first time and the Nifty scaling the 26k peak, before both indices closed barely changed.While the sensex ended the day at 84,914 – down 15 points – Nifty ended at 25,940, up just 1 point….
MUMBAI: In volatile trades on Monday, the sensex closed a marginal 57-point lower at 79,649 points as investors on Dalal Street mostly discounted US short-seller Hindenburg Research‘s report that alleged conflict of interest on part of Sebi chief Madhabi Puri Buch while investigating alleged wrongdoings by Adani Group.While the latest Hindenburg report didn’t have much…
MUMBAI: Adani Enterprises, the flagship of the Adani Group, plans to launch a $1-billion share sale by mid-Sept, Reuters reported.The offering of existing shares will mark Adani Enterprises’ return to the capital market after it withdrew a $2.5-billion follow-on offering in Feb last year after US short seller Hindenburg Research accused the conglomerate of improper…
Indian markets began Wednesday’s trading session with notable gains, buoyed by a global rally. The Nifty 50 index opened with a gain of 296.85 points, or 1.24%, reaching 24,289.40 points. Simultaneously, the BSE Sensex opened at 79,565.40 points, up by 972.33 points, or 1.24%.Among the Nifty 50 companies, 48 saw advances, while only 1 company…
NEW DELHI: Equity benchmark indices, Sensex and Nifty rose marginally in early trade on Wednesday. Sensex climbed over 100 points to 81,589 from 81,455.40 while Nifty was at 24,900, up by 45 points. Maruti Suzuki, ICICI banks, Adani Ports, NTPC and Tata Steel were the major gainers while Axis Bank, Power Grid, Bajaj Finserv and…
The upcoming Union Budget may see the government pave way for foreign-domiciled Indian startups to move their corporate headquarters back to India. The route for this is likely to be via the special economic zone of GIFT City — with minimal tax implications. In January this year, the government amended laws to permit the direct…
MUMBAI: After a brief setback last week, the sensex is on track to go beyond the 77,000 milestone as the new trading week starts after the formation of the new team of ministers in PM Narendra Modi’s third term.Dalal Street investors are expected to react to who helms the most important ministries – the finance…
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…
Riding the wave of its success in the domestic retail market, Noel Tata-led Trent is exploring opportunities to set up its retail formats outside Indian shores, beginning with a flagship store in Dubai, said people in the know. This move comes as Zudio, one of its flagship brands, surpasses the ₹7,000-crore revenue mark in India….
