Stock Market: News

19 Mar 2024

Sensex

Sensex tanks over 730 points, Nifty settles near 21,800

On Tuesday, the benchmark Sensex and Nifty indices witnessed a fall.

Encyclopaedia Britannica aiming for $1 billion valuation in forthcoming IPO

Encyclopaedia Britannica, the publisher of the Merriam-Webster dictionary, is setting sights on a $1 billion valuation for its upcoming initial public offering (IPO), as per Bloomberg.

T+0 trade settlement in India soon: Why it matters

India is on the brink of a stock trading sector revolution with the introduction of the T+0 trade settlement cycle.

18 Mar 2024

Sensex

Sensex gains 105 points, Nifty settles above 22,050

On Monday, major indices of the stock market ended flat but in the green.

This railway stock has gained 1,150% in merely 5 years

Rail Vikas Nigam Limited (RVNL), a public sector railway stock, has seen an impressive growth of 1,150% in nearly five years.

15 Mar 2024

Sensex

Sensex tanks 456 points, Nifty settles above 22,000 mark

On Friday, the benchmark Sensex and Nifty indices were on a downward trend.

15 Mar 2024

Sensex

Small-cap stock decline wipes out Rs. 9L crore investor wealth

The stock market has experienced a substantial decline since February 19, with small-cap stocks bearing the brunt of the downturn.

14 Mar 2024

Sensex

Sensex regains 73,000 mark, Nifty settles near 22,150

On Thursday, the stock market had a bearish opening, but the benchmark Sensex and Nifty indices witnessed a late surge.

13 Mar 2024

Sensex

Sensex plunges over 900 points, Nifty settles below 22,000 mark

On Wednesday, the stock market was in the hands of bear as the Sensex slipped 906.07 points, or 1.25%, to 72,761.89 points, while the Nifty dropped 338 points, or 1.54%, to 21,997.7 points.

12 Mar 2024

Sensex

Stock market today: Sensex gains 165 points, Nifty ends flat

On Tuesday, the stock market experienced mixed trading. While Sensex gained 165.32 points to settle at 73,667.96 points, Nifty ended flat at 22,335.7 points.

12 Mar 2024

Reddit

Reddit announces IPO with a valuation target of $6.4 billion

Reddit, the popular social media platform, has disclosed plans for one of the year's most anticipated initial public offerings (IPOs), aiming to raise up to $748 million.

11 Mar 2024

Sensex

Sensex tanks over 600 points, Nifty settles near 22,330 mark

On Monday, the benchmark Sensex and Nifty indices were on a downward trend.

08 Mar 2024

Tata

Tata Sons considering debt restructuring to avoid RBI-mandated IPO

Tata Sons, the $150-billion holding company behind Tata Group, is considering a balance sheet restructuring to avoid a mandatory IPO by September 2025.

07 Mar 2024

Tata

Tata Group stocks gain up to 15% today: Here's why

Today, Tata Group stocks, including Tata Motors, Tata Chemicals, Rallis India, Tata Power, Nelco, and Tata Investment Corporation, experienced a surge of up to 15%.

07 Mar 2024

Sensex

Sensex closes above 74,100 points, Nifty settles near 22,500 milestone

On Thursday, major indices of the stock market ended flat but in the green with the Sensex settling at 74,119.39 points and the Nifty closing at 22,493.55 points.

07 Mar 2024

Lyft

Lyft sued after typo caused stock price to jump 60%

A shareholder has initiated a class action lawsuit against ride-hailing company Lyft.

06 Mar 2024

Indian Government

Centre to raise Rs. 2,200cr by offloading NLC India stake

The Indian government is set to sell up to a 7% stake in coal mining company NLC India, via an offer for sale (OFS) this week.

06 Mar 2024

Sensex

Sensex crosses 74,000 for first time, Nifty hits new high

On Wednesday, India's stock market indices showed an upward trend.

06 Mar 2024

Zomato

Why Zomato shares declined today to end 5-day rally

Zomato shares took a 5% hit after a five-day surge, as 2% of the company's equity was traded in several large transactions earlier today.

06 Mar 2024

IIFL

IIFL Finance plummets 20% for second day: Here's why

IIFL Finance's stock plummeted 20% for the second day in a row after the Reserve Bank of India (RBI) prohibited the company from issuing gold loans.

05 Mar 2024

Tata

Tata Sons' potential IPO valuation estimated at $96 billion

Tata Sons Limited could be valued at a whopping $96 billion in an initial public offering (IPO), as per Mumbai-based investment banking firm Spark PWM Pvt.

05 Mar 2024

Finance

Why India's inclusion in Bloomberg Bond Index matters 

Bloomberg Index Services (BISL) has announced that Indian bonds will join its Emerging Market (EM) Local Currency Index starting January 31, 2025.

05 Mar 2024

Sensex

Sensex slips 195 points, Nifty barely holds above 22,350

On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend.

04 Mar 2024

Sensex

Sensex closes near 73,900 points, Nifty settles at all-time high

On Monday, the stock market ended flat but in green. Sensex settled at 73,872.29 points, while the Nifty stood at 22,405.6 points, a new all-time closing high.

India now allows betting on weather conditions: What it means

The Indian government has broadened the range of commodities allowed for derivatives trading, adding items such as weather, cement, and skimmed milk powder to the list.

01 Mar 2024

Sensex

Sensex scales 1,245 points, Nifty settles at an all-time high

The stock market closed with an upward movement on Friday, as the Sensex and Nifty hit fresh record highs.

29 Feb 2024

Sensex

Sensex gains 195 points, Nifty settles near 21,200 mark

On Thursday, major indices of the stock market ended flat but in green with the Sensex settling at 72,500.30 points and the Nifty closing at 21,982.80 points.

28 Feb 2024

Sensex

Sensex tumbles nearly 800 points, Nifty falls to 21,950 mark

On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall. The former plunged 1.08% to 72,304.88 points, while the latter fell 1.11% to 21,951.15 points.

27 Feb 2024

Foreign Investment

Stake of foreign investors in Indian stocks hits 10-year low

Foreign portfolio investors (FPIs) saw their combined stake in Indian stocks drop to a 10-year low of 16.3% in January 2024, as revealed by ICICI Securities.

27 Feb 2024

Sensex

Sensex gains over 300 points, Nifty settles near 22,200 mark

On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.

26 Feb 2024

Business

Tips Industries' stock delivers 14,316% return in a decade 

In last 10 years, Tips Industries, an entertainment company, has seen its stock price skyrocket from Rs. 3.60 apiece to Rs. 519, providing shareholders with a 14,316% return.

26 Feb 2024

Sensex

Sensex slips to 72,790 points, Nifty settles above 22,120 mark

On Monday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 0.48% to 72,790.13 points, while the Nifty fell 0.41% to 22,122.05 points.

23 Feb 2024

Sensex

Sensex ends flat, Nifty settles near 22,200

The stock market on Friday ended on a sluggish note as Sensex fell 15.44 points to 73,142.80 points. Nifty stood at 22,212.70 points, down 4.75 points.

23 Feb 2024

Reliance Industries

Jio Financial Services's market cap crosses Rs. 2 lakh crore

Jio Financial Services Ltd. has reached a market capitalization of over Rs. 2 lakh crore for the first time, thanks to a 35% increase in its share price this year.

23 Feb 2024

NVIDIA

NVIDIA crushes records, gains $277B in m-cap in single day

NVIDIA posted a fourth-quarter revenue of $22.1 billion, a huge leap from last year's $6.05 billion, and surpassing estimates of $20.62 billion.

22 Feb 2024

Reddit

Reddit offering shares to top 75,000 users ahead of IPO

Good news for Reddit enthusiasts!

22 Feb 2024

Sensex

Sensex climbs over 530 points, Nifty closes above 22,200 mark

On Thursday, the benchmark Sensex and Nifty indices saw gains. While the former rose 0.74% to 73,158.24 points, the latter jumped 0.74% to 22,217.45 points.

21 Feb 2024

Sensex

Sensex falls over 430 points, Nifty retains 22,000 mark

On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall. The former plunged 0.59% to 72,623.09 points, while the Nifty fell 0.64% to 22,055.05 points.

20 Feb 2024

Sensex

Sensex regains 73,000 mark, Nifty closes at all-time high

On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.

Best IPO of 2024: Vibhor Steel debuts at 181% premium

Vibhor Steel Tubes, a producer and exporter of various steel products, made a remarkable debut today. Its shares got listed at 181% premium over the initial public offering (IPO) price.

19 Feb 2024

Sensex

Sensex gains over 280 points, Nifty settles above 22,120 mark

On Monday, the benchmark Sensex and Nifty indices saw gains.

19 Feb 2024

Nifty

Nifty 50 hits all-time high of 22,150

Nifty 50 has hit an all-time high of 22,150.75 in today's session. At the time of writing, it retracted a little to 22,123 points, up 82.5 points or 0.36% from its last closing.

19 Feb 2024

Paytm

Paytm stock rises 5% after Axis Bank deal, extended deadline

Paytm stock surged 5% today, reaching the upper circuit for the second day in a row after the company revealed a partnership with Axis Bank to handle merchant payments.

16 Feb 2024

Sensex

Sensex gains 376 points, Nifty settles near 22,040 mark

On Friday, the benchmark Sensex and Nifty indices showed an upward trend.

16 Feb 2024

Tata Motors Ltd

Tata Group plans spin-off and listing of its battery business

Tata Group is considering the possibility of spinning off its battery business, Agratas Energy Storage Solutions Pvt., into a separate entity.

15 Feb 2024

Sachin Bansal

Sachin Bansal's Navi Finserv to raise Rs. 600cr through NCDs

Sachin Bansal, co-founder of Flipkart, is set to raise up to Rs. 600 crore for his fintech start-up Navi Finserv through a new bond issue of Non-Convertible Debentures (NCDs).

NSE announces special trading session on March 2

The National Stock Exchange will conduct a special trading session on March 2 (Saturday) with an intra-day switch over to the disaster recovery site.

Travel aggregator Ixigo files for Rs. 120 crore IPO 

LE Travenues Technology, which runs travel portal Ixigo, has submitted fresh draft papers to Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

14 Feb 2024

Mahindra & Mahindra

Mahindra's Q3 net profit jumps 61% YoY to Rs. 2,454cr

Mahindra and Mahindra (M&M) saw a 61% YoY increase in standalone net profit for the quarter ended December 31, reaching at Rs. 2,454 crore.

14 Feb 2024

Jeff Bezos

Bezos sells $4B worth of Amazon stock in 4 days

Jeff Bezos, Amazon's founder, has sold 24 million shares, earning over $4 billion.

14 Feb 2024

Paytm

Paytm shares tumble to 52-week low, down 65% from highs

Paytm's stock dropped over 9% again in early trading today, falling below Rs. 350 mark as troubles persist for parent company One97 Communications.

14 Feb 2024

Federal Reserve

Why Nifty and Sensex are trading in red today

Indian stocks faced a substantial drop today, influenced by the downturn in US markets last night.

13 Feb 2024

Eicher Motors

Eicher Motors's Q3 net profit rises 34% to Rs. 996cr

Eicher Motors has reported a 34.43% year-over-year increase in net profit, reaching Rs. 995.97 crore for the December quarter.

13 Feb 2024

NVIDIA

With $1.78T valuation, NVIDIA surpasses Amazon's market capitalization 

NVIDIA briefly surpassed Amazon in market value, reaching a whopping $1.78 trillion, on Monday (February 12).

13 Feb 2024

Morgan Stanley

BHEL, PNB enter MSCI as India's weightage reaches historic high

India has reached a record high of 18.2% in the MSCI Global Standard (Emerging Markets) Index after the February review.

12 Feb 2024

OYO Rooms

OYO requests SEBI to expedite IPO approval

OYO's top bankers and executives met with the Securities and Exchange Board of India (SEBI) to discuss the company's progress and speed up its IPO approval.

With boom in IPOs, SEBI intensifies scrutiny of corporate documents 

India's market watchdog, the Securities and Exchange Board of India (SEBI), is ramping up its scrutiny of documents submitted by companies planning to go public, per Reuters.

09 Feb 2024

Finance

Bandhan Bank's Q3 net profit jumps threefold to Rs. 733cr

Bandhan Bank has announced a remarkable 152.06% increase in net profit, reaching Rs. 732.7 crore for the third quarter ending December 31, 2023.

09 Feb 2024

Hong Kong

India surpasses Hong Kong in terms of stock trading volumes

India's National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have outperformed the Hong Kong Exchange (HKE) in trading volumes.

09 Feb 2024

Sensex

Sensex climbs 170 points, Nifty settles above 21,780 mark

On Friday, the benchmark Sensex and Nifty indices saw gains. The former rose 0.23% to 71,595.49 points, the latter jumped 0.3% to 21,782.50 points.

08 Feb 2024

Sensex

Sensex tanks over 720 points, Nifty settles above 21,700 points

On Thursday, the benchmark Sensex and Nifty indices were on a downward trend.

08 Feb 2024

NVIDIA

Buoyed by AI, NVIDIA to overtake Amazon in market value

NVIDIA, the world's leading AI chipmaker, is closing in on Amazon's market value, thanks to Wall Street's growing interest in artificial intelligence.

SBI becomes second PSU company with over Rs. 6T m-cap

Shares of the State Bank of India (SBI) soared over 4% to all-time high of Rs. 675 each, raising its market capitalization above Rs. 6 lakh crore.

Power Grid Q3 net profit increases 10.5% to Rs. 4,028cr

Power Grid Corporation of India reported a 10.5% increase in consolidated net profit for the quarter ending December 31, 2023, reaching Rs. 4,028.25 crore compared to Rs. 3,645.29 crore last year.

07 Feb 2024

Sensex

Sensex closes flat at 72,152 points, Nifty settles at 21,930

The stock market closed on a flat note on Wednesday with the Sensex settling at 72,084.1 points and Nifty ending at 21,930.5 points.

07 Feb 2024

Canara Bank

Canara Bank shares surge as board mulls over stock split

Canara Bank's board is scheduled to meet on February 26 to discuss the potential split of the bank's equity shares.

06 Feb 2024

CRED

CRED acquires mutual fund start-up Kuvera, forays into wealth management

Kunal Shah-led CRED has acquired online financial planning and investment platform Kuvera in a cash and stock deal.

TCS's m-cap surpasses Rs. 15 lakh crore for first time

Tata Consultancy Services (TCS) achieved a market capitalization of over Rs. 15 lakh crore for the first time, as its stock rose nearly 4% in today's trading session.