Tuesday’s trading session saw key Indian indexes close with respectable gains due to encouraging global cues, including the possibility of an impending Israel-Hamas peace and expectations of interest rate decreases shortly. BSE Sensex closed the day at 80,802.86, up 378.18, or 0.47 per cent. The Nifty50 on the NSE gained 126.20 points, or 0.51%, to … Read more
KEI Industries Ltd. has been covered by UBS Global Research since it was first listed, with a ‘buy’ rating. The company’s earnings have steadily increased due to its dominant position in the wire and cable market. The firm has also established a target price of Rs 6,150 per share, which indicates a 40.8% increase from … Read more
The price of Trump Media shares dropped to the lowest level since the merging of Donald Trump’s social media business over five months ago. Truth Social, the Republican former president’s preferred social message network, is owned by Trump Media, which saw a loss of more than 3.5% in share price by the end of the … Read more
The Wall Street Journal revealed on Monday that media executive Edgar Bronfman Jr. made a $4.3 billion proposal for National Amusements, owned by Shari Redstone, together with its share in Paramount Global. More than a month has passed since Redstone and David Ellison’s Skydance Global struck an agreement that will combine Paramount and Skydance into … Read more
JPMorgan analysts stated that despite a recent rally that saw Japanese markets recover the majority of their August losses, they were still overweight on the country’s stocks. Fund flow data also indicated some overseas purchasing. Nikkei 225 and TOPIX indices in Japan were trading at their highest points since August 1. Earlier in the month, … Read more
On Tuesday, the online meal delivery service Zomato witnessed a block trade in which 21 crore shares, or around 2.4 per cent of the stock, valued at Rs 5,438.5 crore were exchanged. The block deal was completed at an average price of Rs 258 per share, most likely by Antfin Singapore. Following the block deal, … Read more
With markets embracing the potential of lower U.S. interest rates ahead of a major speech by Federal Reserve Chair Jerome Powell later this week, most Asian stocks rallied on Tuesday, following an overnight rally on Wall Street. Although some traders had anticipated further unexpected rate cuts from the central bank, Chinese markets underperformed relative to … Read more
Another small and medium-sized business (SME), Sunlite Recycling Industries Ltd., followed the pattern and got off to a good start today. Investor wealth nearly doubled on Tuesday when shares of the manufacturer of recycled copper products launched at a 90% premium on the NSE SME platform, Emerge. Compared to its initial public offering (IPO) price … Read more
On the exchanges on Tuesday, Ola Electric Mobility’s share price continued to rise. In intraday trading today, the share price of the company that makes electric vehicles (EVs) reached a new high of Rs 157.53 on the BSE. In just seven trading days, the share price has more than doubled from its issue price. The … Read more
Due to the stock market holiday on August 15, 2024, in observance of the 78th Indian Independence Day celebration, the week was cut short. However, some market participants and investors are uncertain whether Dalal Street will reopen on Monday or Tuesday. This misconception arises because Raksha Bandhan 2024 falls on Monday, August 19, 2024. Stock … Read more
