Shares of Afcons Infrastructure will be listed on the bourses today. The company has fixed the IPO price at ₹463 at the upper end of the ₹440-463 price band. The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, sailed through on the last day,…
Sensex, Nifty, Share Prices LIVE: The outlook is bullish for J.B. Chemicals and Pharmaceuticals. The stock has been moving up well over the last few weeks. After consolidating between ₹1,835 and ₹1,940 for some time, the stock broke out of this range last week. Read more
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the Indian equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends…
The combined market valuation of 6 of the top-10 most-valued firms surged ₹1,07,366.05 crore last week, with State Bank of India and ICICI Bank becoming the biggest gainers. Leading stock exchanges BSE and NSE conducted a one-hour special ‘Muhurat Trading’ session on the occasion of Diwali on November 1, marking the start of the new…
Foreign Portfolio Investors (FPIs) continued their aggressive selling spree last week, leading to record-breaking monthly gross outflows of approximately $13.5 billion (₹1,13,859 crore) in October 2024, the highest ever in absolute terms. However, FPIs also invested ₹19,842 crore in the primary market, bringing the overall net outflows for October 2024 to a lower but still…
Thanks to the robust collection through new fund offers and steady market rally, the average asset under management of the country’s largest fund house, SBI Mutual Fund, jumped 11 per cent in the September quarter to ₹10.99 lakh crore, up from ₹9.88 lakh crore in the June quarter. In fact, SBI MF is the only…
I have shares of Infibeam Avenues. My purchase price is ₹42. Should I continue to hold or exit with loss? Rahul Infibeam Avenues (₹29.25): The stock has come down sharply after making a high of ₹41 this year. On the chart, the bias is negative with a strong resistance in the ₹32-34 region. As long…
The benchmark BSE Sensex rose nearly 448 points in the early session of the special Muhurat trading on across-the-board buying by investors to mark the start of the new Samvat Year 2081. The 30-share index increased 447.90 points or 0.56 per cent to 79,836.96 as all of its constituents traded in the green. The index…
The lingering concern on market valuations has aggravated with 34 Nifty companies reporting flat net profit, while their sales have grown 5 per cent, with EBITDA growth of just one per cent. As of October-end, 34 of the 50 Nifty companies have announced their results. Nine reported profits that were below expectation, while 10 posted…
Real estate has been one of the best performing sectors and over the last one-year period it has given absolute returns of over 63 per cent, outperforming several other sectors as well as the benchmark Nifty50 that has appreciated by 27.5 per cent. The real estate index includes all the major developers, in its including…
