Shares of sugar companies were under pressure, falling up to 7 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes. Balrampur Chini Mills (BCML) and Shree Renuka Sugars were down 6 per cent and 7 per cent, respectively. Dwarikesh Sugar Industries, Triveni Engineering & Industries, Uttam Sugar, Dhampur…
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Bulls are back: Equities rebound over 1%; crude below $100 per barrel
The benchmark indices gained over 1 per cent on Wednesday as falling commodity prices, ease in overseas investor selling pressure, and rate-hike worries lifted investor sentiment. The benchmark Sensex gained 616 points, or 1.16 per cent, to close at 53,751 — the highest close since June 10. The Nifty…
Wockhardt shares gains 3 % as NIH to conduct trial of WCK 6777
Shares of Wockhardt rose 3 percent in the early trade on March 16 after US-based National Institutes of Health (NIH) said that it will conduct trial of the pharma company’s MDR Gram-negative Antibiotic WCK 6777. The National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH), United States of…
Dr Reddy’s Laboratories shares falls 3%, hits 52-week low
Shares of Dr Reddy’s Laboratories hit a 52-week low of Rs 4,055.85, down 3 per cent on the BSE in Thursday’s intra-day trade, after Russia ordered military operations in Ukraine and reports emerged of blasts in some major Ukrainian cities. The stock of the pharmaceutical company, which has a significant presence in the Russian market,…
5 Reasons For more than 1000 Points Crash On Sensex Today
The bear has tightened its grip on the domestic stock market indices. Indices that reached lifetime highs last month .. have been declining for a few days. Markets are not supported by the end of the results season domestically along with the acceptance of profits at peaks. In addition, negative signals from international markets further…
10 Reasons for paytm shares crash on its IPO debut
Airbnb’s Prices Shares Above Target in 2020’s Biggest US IPO
The IPO gives Airbnb’s a fully diluted valuation – which includes securities such as options and restricted stock units – of $47.3 billion, capping a turnaround in fortunes for the U.S. home rental firm that was hit hard by travel restrictions used to curb the COVID-19 pandemic. Airbnb had planned to sell around 51 million…
Sensex falls over 1000 points, Nifty Below 14700; 5 factors Behind Sell-off
Indian equities extended the losing run of the previous four sessions to February 22 as the market benchmark Sensex fell more than 1,000 points and Nifty below 14700 in intraday trade. At 1405 hours, Sensex was 947 points, or 1.86 percent, down at 49,943 while Nifty was 262 points, or 1.75 percent lower at 14,719.…
Sensex drops 600 points, Nifty below 14,100; 5 factors that are weighing on market
Sensex opened lower, after three consecutive days of fall, and dropped over 600 points in intraday trade. Nifty fell below 14,100 indicating that investors are taking money off the table ahead of mega-policy event Union Budget 2021. Indian equities traded with deep cuts in intraday trade on January 27, tracking weak global cues. At 1210…
Market closed; Sensex plunges 788pts, nifty settled below 12,000
MUMBAI: Today Bear rule the Dalalstreet and indexes have been bemused by the fears of war in the Middle East which has upset the markets. In addition, sales domestically increased. As a result, Monday’s trading indices fell. The Bombay Stock Exchange Sensex fell by over 750 points. The National Stock Exchange’s Nifty fell below 12,000.…