Budget 2020

Stock market update: 22 stocks hit 52-week highs on NSE

Benchmark NSE Nifty index was trading 157.75 points up at 12066.25 on Thursday on account of buying in frontline bluechip counters. Among the stocks that touched their 52-week highs on NSE were: ACC Ltd; Adani Gas; APL Apollo Tubes; Berger Paints; Godawari Power And Ispat; Jet Airways; Mastek Ltd; Orchid Pharma; PI Industries; SRF Ltd; […]

Budget 2020

Market Movers: Adani stocks, Voda, SIS on a high; 184 stocks hit lower circuits

Selling in select IT, banking, telecom and FMCG stocks spooked the market and dragged the equity benchmarks down for the third straight session on Friday. BSE Sensex closed nearly 136 points down at 39,614, while the Nifty settled 28 points lower at 11,642. Infosys, ICICI Bank, HUL, Bharti Airtel and Kotak Mahindra Bank led the […]

Budget 2020

European stocks hit mid-June low on report France mulling national lockdown

European stocks hit their lowest level since mid-June on Wednesday following a report France was mulling a month-long national lockdown to combat a surge in coronavirus infections. The pan-European STOXX 600 index fell 1.6% by 0808 GMT, while Germany’s DAX tumbled 2.2%, UK’s FTSE 100 dropped 1.5% and France’s CAC 40 plunged 2.5%. The French […]

Budget 2020

In muted festive season, low-value items are a hit among ethnic wear shoppers

NEW DELHI: Low value ethnic wear products are the favourite among a chunk of shoppers this festival season as celebrations remain restricted due to the pandemic, said top ethnic wear retailers. “Customer trends are certainly showing a tendency towards greater discernment, with a focus on seeking value for their spends this year,” Viney Singh, Managing […]

Budget 2020

Stock market update: 6 stocks hit 52-week lows on NSE

NEW DELHI: Around 6 stocks fell to touch their 52-week lows on NSE in Friday’s session. Among the stocks that touched their 52-week lows on NSE were: Archidply Decor; Sintercom India; WABCO India; Shradha Infraprojects; Hemisphere Properties India; Consolidated Construction Consortium. Domestic benchmark index NSE Nifty was trading 71.80 points up at 11968.25, while the […]

Budget 2020

Volatility, redemptions from schemes hit mutual fund NFO proposals

New Delhi: The number of proposals for new fund offers (NFOs) filed by mutual fund houses with market regulator Sebi slumped 64 per cent to 41 in the first nine months of 2020 largely due to high volatility, uncertainty in the market and redemptions from established schemes. Some experts attributed the decline in NFOs to […]

Budget 2020

Stock market update: 30 stocks hit 52-week highs on NSE

NEW DELHI: Around 30 stocks climbed to touch their 52-week highs on NSE in Thursday’s session. Among the stocks that touched their 52-week highs on NSE were Asian Paints, Hero MotoCorp, Infosys, IL&FS Investment Managers, JK Cement, Lakshmi Machine Work, Ambuja Cements, Alpa Laboratories,8K Miles Software. Benchmark NSE Nifty index was trading 264.05 points down […]

Budget 2020

Market Movers: Investors’ wealth at record high; 247 stocks hit upper circuit

Mumbai: Investors’ wealth hit an all-time high of Rs 160.68 trillion on Friday, as benchmark indices rallied for the seventh straight session. Nifty formed a reasonable positive candle with lower shadow, indicating that the uptrend is here to stay. While banks led the gains as the Reserve Bank of India‚Äôs Monetary Policy Committee stuck with […]