Record Highs: Sensex and Nifty closed at record highs. Sensex jumped 1.24% to settle at a new peak of 80,893.51. Nifty 50 surged 1.13% to close at a record high of 24,592.20. IT Sector Leads the Charge: IT stocks were the biggest gainers, propelling the major indices to new highs. […]
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Analyst Predictions: Investment bank Jefferies estimate Jio’s valuation at a staggering $133 billion (around Rs 11.11 lakh crore). Potential for Largest IPO: This valuation could propel Jio’s IPO to become the biggest in Indian history, surpassing the record held by Life Insurance Corporation (LIC). There are a few factors contributing […]
Vedanta aims to create six independent, listed companies, each focusing on a specific sector: Vedanta Aluminium, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and a residual Vedanta Limited. The demerger process has received approvals from a majority of creditors and is currently awaiting […]
IPO Details: The IPO is closed now (July 9th, 2024) and expected to list on July 12th on the NSE SME platform. IPO Type: SME IPO Issue Size: ₹125.23 Crore Issue Period: July 5th, 2024 – July 9th, 2024 (Closed) Allotment Expected: Today, July 10th, 2024 (tentative) Listing Expected: July […]
Hurricane Beryl’s impact limited: Initial fears of disruption to oil production in Texas from Hurricane Beryl subsided as the storm caused less damage than expected. Oil prices down: This positive development led to a decline in oil prices. Brent crude futures fell 0.45% to $85.36 per barrel, and WTI crude […]
The Nifty 50, a stock market index in India, closed higher on Tuesday, July 9th, 2024 forming a long bull candle on the daily chart. This signals a potentially bullish trend for the market. Breakout: Nifty overcoming the resistance level of 24,400 indicates increased buying pressure and bullish sentiment among […]
Show drafts Ola Electric has a strong chance of becoming a dominant player in the electric two-wheeler (e2W) market in India, similar to Maruti Suzuki’s position in petrol vehicles. Market Leadership: Ola Electric currently leads the e2W market share in India with almost half the sales in Q1 FY 2024-25. […]
Opening: Sensex and Nifty opened positively despite expectations of volatility. Sensex :Up 169.52 points to 80,129.90 Nifty : Up 43.25 points to 24,363.80 Market Analysis: Focus shifting towards upcoming earnings reports from Indian companies. Analysts predict a flat to slightly positive earnings growth for Q1 FY25. Key sectors like […]
Tesla shareholders are challenging a massive legal fee request in the ongoing saga of Elon Musk’s compensation package. Lawyers who successfully argued against Musk’s $56 billion pay plan are seeking a record-breaking $7 billion fee, likely in Tesla stock [Bloomberg Law]. Tesla, on the other hand, argues this fee is […]
The Nifty 50, a benchmark stock market index in India, is currently trading around 24,320 in a range bound manner. This means the index is fluctuating within a specific price range without any significant upward or downward trend.