Tag: Sureshot#1 in list of SEBI registered advisory companies

It was bloodbath on Dalal Street on Monday as domestic benchmark indices tanked over 2% during the day’s trading session. S&P BSE Sensex ended 839 points or 2.13% lower at 38,628 points, while the 50-stock Nifty gave the 11,400 mark and closed at 11,342. Analysts say that equity markets saw …

Continue reading “Sensex and Nifty give up six-day gaining spree; leaves investors poorer by nearly Rs 5.5 lakh crore”

Markets regulator Sebi on Thursday extended the timeline for implementation of procedural guidelines for proxy advisors to January 1. The guidelines issued by the regulator on August 3, were supposed to come into force from September 1. Proxy advisors advise shareholders on corporate governance issues and assist them with voting …

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In an otherwise volatile share market, that is witnessing the benchmark indices dance between gains and losses, it is the auto stocks that are having one of their best trading sessions in recent weeks. Bajaj Auto was one of the top gaining stocks on S&P BSE Sensex, along with Mahindra …

Continue reading “Hopes of GST rate cut lifts auto stocks; TVS Motors up 4%, Bajaj Auto gains close to 3%”

Nippon Life India Asset Management on Tuesday said it has garnered Rs 720 crore through the new fund offer of its Multi-Asset Fund. The company claimed that this is one of the biggest amounts raised through a new fund offer (NFO) during the pandemic. Over 80,000 investors spread across 370 …

Continue reading “Nippon India Multi-Asset Fund NFO garners Rs 720 crore”

Hindustan Aeronautics Ltd (HAL) share price surged over 10 per cent to hit a fresh 52-week high of Rs 1,126 apiece, a day after the Ministry of Defence approved the capital acquisitions of various platforms and equipment worth Rs 8,722.38 crore required by the Indian Armed Forces. HAL stock price …

Continue reading “HAL share price hits fresh 52-week high on approval of equipment acquisition worth Rs 8,722 cr”

Mukesh Ambani-led Reliance Industries Ltd’s (RIL) asset monetisation, which saw the oil-to-telecom major sell 33% stake in Jio Platforms, should significantly improve the company’s credit quality. This would mean that RIL’s credit quality would improve despite operations trending weaker than anticipated for the current fiscal year, said global rating agency …

Continue reading “How Jio Platforms stake significantly helps Mukesh Ambani’s RIL amid weaker operations this year”

BSE Sensex surged over 500 points to top 38,200 points after Reserve Bank of India (RBI) Governor Shaktikanta Das announced to keep the repo rate and reverse repo rate unchanged at 4 per cent and 3.35 per cent, respectively. The Monetary Policy Committee decided unanimously to leave the repo rate …

Continue reading “Financials, banks, realty stocks gain up to 9% after RBI MPC keeps policy rates unchanged; auto stocks fall”

For investors riding a rally in India’s wireless carriers, the best returns are coming from an operator that’s warned it may collapse without help from the government. Although Vodafone Idea Ltd. hasn’t made a profit since 2017 and ended last fiscal year with a record $10 billion loss, its shares …

Continue reading “Top telecom stock Vodafone-Idea is also the biggest money loser; why it is still attracting investors”