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Market Closes Positively, Sensex Gains 1000 Points Post RBI Interest Rate Hike

Stocks oi-Jalaj Jain | Published: Friday, September 30, 2022, 15:35 [IST] The markets have closed positively, and the benchmark indices of the Indian market have surged rapidly in today’s trading session. Bank, Finance, Energy, and Realty sector have dragged the markets to a positive move; however, FMCG and IT sector underperformed during the starting period …

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Front-loaded rate hikes reduce need for action later, says RBI deputy governor Patra

MUMBAI: Reserve Bank of India deputy governor Michael Patra said that the front-loading of interest rate hikes to tame inflation will reduce the need for subsequent increases. In the near term, however, he said the inflation trajectory depends on geopolitical developments, global commodity prices, and global financial market developments. “Our role has undergone a transformation …

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2 Multibagger Stocks With 1-Yr Return Up To 359% To Issue Bonus Shares In September 2022

How does bonus share changes stock price? This we can illustrate taking into account bonus share issue in some pre-specified ratio say 1:1 or 2:1. Bonus share proportion Number of shares pre-bonus Stock price before the bonus issue Value of investment pre-bonus Number of shares post the bonus issue Share price post bonus Value of …

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Twitter whistleblower to meet with US Senate panel September 13

WASHINGTON: The US Senate Judiciary committee will hold a hearing on September 13 with Twitter’s former security chief Peiter “Mudge” Zatko to discuss allegations from his whistleblower complaint that the social media company misled regulators. Zatko, who accused Twitter of falsely claiming it had a solid security plan and making misleading statements about its defenses …

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Multibagger Auto-ancillaries Stock Announces 1:2 Bonus Share Issue: Check Details

Stocks oi-Roshni Agarwal | Published: Wednesday, August 24, 2022, 17:02 [IST] Auto ancillaries stock- Bharat Gears that has been in news lately due to its likely consideration of bonus share in today’s board meet has considered and approved the bonus share issue. So, if you own the scrip or are interested in it, here are …

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​Rupee falls 4 paise to 79.88 against US dollar in early trade

MUMBAI: The rupee depreciated 4 paise to 79.88 against the US dollar in opening trade on Tuesday tracking a strong American currency and risk aversion in domestic markets. At the interbank foreign exchange, the rupee opened at 79.85 against the dollar, then fell to 79.88, registering a decline of 4 paise over the last close. …

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Sensex, Nifty open lower; turn volatile later

MUMBAI: Equity benchmarks began the trade on a weak note on Tuesday amid a sell-off in world stock markets but later traded with high volatility. The 30-share BSE sensex fell 601.39 points to 58,172.48 in early trade. The broader NSE Nifty declined 145.5 points to 17,345.20. Later, both the benchmark indices turned volatile swinging between …

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Brightcom Group Shares Hit Upper Circuit For Sixth Straight Session On Robust Q1 Results

Stocks oi-Roshni Agarwal | Published: Tuesday, August 23, 2022, 10:38 [IST] Shares of Brightcom Group have hit upper circuit for the sixth straight session today. The stock has been hitting the upper circuit continuously since August 16 and marked day’s high of Rs. 48.8 per share on the NSE. Meanwhile, benchmark indices after opening lower …

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Demand surge seen lifting coal-fired power plants out of misery

NEW DELHI: The surge in power demand is seen giving India’s Coal-fired power plants a fresh lease of life as they are expected to operate at 62% of their capacity in the current fiscal, the highest in five years, to fill the gap arising from electricity consumption outpacing thermal capacity addition. The plant load factor, …

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Luxury home sales from January to July top full 2021 demand

NEW DELHI: Sales of luxury flats, priced above Rs 1.5 crore, stood at 25,680 units across seven major cities during January-June and have surpassed sales in each of the last three years, according to property consultant Anarock. The Mumbai Metropolitan Region (MMR) contributed more than 50% of the total luxury housing sales in the first …

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