Markets
Jefferies’ Chris Wood holds on to cyclical trade on Wall Street; sees no imminent tapering scare
In the aftermath of the pandemic, the US economy has been going on strong, another reason why Wood continues to be bullish on cyclicals. (Image: Reuters) With the US economy coming out of the pandemic strong, Chris Wood, Global head (equity strategy), Jefferies is sticking to his long on...
Sensex tanks over 3%, Bank Nifty tumbles 1,650 pts; bloodbath on D-St wipes out Rs 8 lakh cr investor wealth
Amid panic selling, the total market cap of BSE-listed companies tumbled by nearly Rs 8 lakh crore to Rs 201 lakh crore at close BSE Sensex and Nifty 50 plunged over 3 per cent on Monday as fear of stricter lockdown to curb the second wave of COVID-19 dented...
Market HIGHLIGHTS: Sensex crashes 1,708 pts, ends below 48,000, Nifty at 14,310; IndusInd Bank tanks 8.5%
The rise in covid cases and fear of another lockdown spooked the selling pressure in Banking and financial stocks. Bank Nifty is now trading below its 100 DMA which indicates furthermore bearishness in the near/short term. If Bank Nifty sustains below Rs 31,000 level then it may slide further...
Deccan Gold Mines reappoints Natesan Chinnapan as Additional Director for 2 years term
Deccan Gold Mines has informed that the Board of Directors of the Company on 9th April, 2021, has re-appoints Natesan Chinnapan as an Additional Director (Independent & Non Executive) of the Company for a further period of two years w.e.f. 12th April, 2021 Natesan Chinnapan is a Post-Graduate in...
Thomas Cook India opens its second Gold Circle Partner outlet in Lucknow led by growing travel demand
Given the growing demand for travel and travel related services in Uttar Pradesh, Thomas Cook (India) Limited, India’s leading integrated travel services company has opened its second Gold Circle Partner (Franchise) Outlet in Lucknow. This expansion augments Thomas Cook India’s distribution and reach in Uttar Pradesh to 8 consumer...
Nifty Metal dives 5% amid lower base metal prices, rising Covid cases; Adani Enterprises, SAIL, NALCO slip 9% each
Nifty Metal index was trading on a hotbed led by broad-based selloff across stocks on Monday tracking overall bearish markets. The performance comes amid lower base metal prices globally and a rapid surge in Covid-19 cases across India indicating a renewed lockdown in some states. At around 1.51 pm,...
Nifty FMCG halt gaining spree, index dips 700 points; United Spirits, Jubilant FoodWorks and Godrej Consumer major losers
Nifty FMCG Index collapsed amidst the markets bears. The Index after being on gaining spree for four straight sessions repeated the Monday horror show like last week. The Index shunned over 700 points with United Spirits, Jubilant FoodWorks and Godrej Consumer shedding around 4% each. Britannia and Varun Beverages traded in...
Shri Bajrang Alliance donates 200 Oximeters to prevent pandemic situation in Raipur
Shri Bajrang Alliance Limited (GOELD Frozen Foods) has informed that the company came forward to donate 200 Nos. of Oximeters, in view of wide spread of Covid-19 pandemic in Raipur District, to CMHO, Raipur Meera Baghel in presence of Dr. S Bharathi Dasan, lAS, District Collector Raipur. This donation...
CRISIL assigns AA- / Stable rating on Supreme Petrochem long-term bank facilities; stock hits 52-week high
The credit rating agency also assigned the CRISIL A1+ rating on the companys short-term facilities. Source link
Markets in a bloodbath; Sensex sheds 1,475 pts, Nifty 50 slips 450 pts so far; Bank underperforms; TCS in focus; IndusInd Bank, SBI nosedive
Indian markets nosedived massively on Monday’s session amid weak global cues as investors contemplated the latest upbeat economic estimate from the US Federal Reserve Chair Jerome Powell in comparison to persistent risks from the Covid-19 pandemic. In the opening bell, Sensex has dipped by more than 1,479 points with...
