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The Indian stock market closed higher on Friday as a sharp surge in heavyweight IT stocks helped the market record gains after a two-day losing streak. Sensex gained 331 points to close at 77,264 while Nifty 50 rose around 85 points to end the session at around 24,176 on Friday. The broader markets also closed…
India’s IPO market may be headed for its biggest month of the year, with investment banking sources expecting companies to raise as much as Rs 70,000 crore in September if one of the two mega issues, Jio Platforms or NSE, hits the market. More than 25 IPOs are expected to be launched during the month,…
CNG prices will come down after US-Iran situation normalises: BJP spokesperson Shahnawaz Hussain In Delhi, the cost of CNG has gone up by Rs 3.89 per kg, reflecting a response to rising import costs and geopolitical uncertainties on a global scale. Significant unrest in West Asia has disrupted vital shipping lanes for natural gas. Nonetheless,…
India’s primary market is set for another busy week, with 11 mainboard companies lined up for IPO-related activity between August 31 and September 4. Three companies are scheduled to launch their public issues, seeking to raise a combined Rs 1,264.72 crore, while eight companies have listing dates in the pipeline for the week. Of the…
JioBlackRock Mutual Fund will launch the JioBlackRock Balanced Advantage Fund in September. The new fund offer (NFO) for the balanced advantage fund will open for subscription on September 11 and close on September 25. The fund will reopen for continuous sale and repurchase within five business days of the allotment date. The fund house had…
The 8th Pay Commission panel is tentatively expected to submit its final report to the central government by May-June 2027. Once the final report is submitted, the government will decide on pay revisions, allowances, and pension reforms for serving and retired government servants. Now, in case the 8th Pay Commission’s rollout drags on, the central…
Retail shareholder counts fell sharply in several widely held stocks during Q1FY27. Suzlon Energy, Tata Motors, Yes Bank and Adani Green Energy were among the biggest decliners.
B SE, Muthoot Finance and Hindustan Zinc led five stocks with the highest revenue growth over the past year, alongside strong profit growth and five-star Value Research ratings.
Mutual fund investors often set aside a fixed amount each month for investments through a systematic investment plan (SIP), after meeting their regular expenses and setting aside money for emergencies. Suppose an investor starts a monthly SIP of Rs 10,000 for five years. They may want to know how much this investment could grow to…
Shares of some Indian banks closed at sharply different prices on the country’s two largest exchanges on Thursday, the latest sign of dislocation under the new closing auction system. IndusInd Bank Ltd. ended at 1,002.9 rupees on the National Stock Exchange of India Ltd. after the 20-minute auction window closed, while falling more than 3%…