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….
MUMBAI: The stock price of BSE crashed 13.3% on Monday after it said that it would have to pay some additional amount to market regulator Sebi for wrongful benchmarking of the regulatory fee for options contracts traded on it since fiscal 2007. For a similar incident MCX has also been served a letter by Sebi…
NEW DELHI: Gold prices have experienced a notable surge in recent weeks, with the yellow metal witnessing an increase of over 11% in India alone. A recent report from Goldman Sachs highlights that this surge is not solely driven by traditional factors, indicating a shift in the dynamics of the gold market. The report underscores…
Largecap funds: When stock markets scale new highs, financial planners usually recommend putting money in largecap funds. The stock market is abuzz as the Sensex has hit a record high of 75,000. Financial experts advise first time investors to consider large-cap funds in such a bullish market. Large-cap funds primarily invest in top 100 companies…
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…
