Despite optimism of the trade deal between the US and China, the last F&O expiry of the year did result in some selling pressure as the Sensex settled nearly 300 points lower. Most of the frontline stocks came under pressure on Thursday.
The Read more [...]
In a move that largely surprising move, SEBI fined ICRA and CARE Rs.25 lakhs each for lack of due diligence in the case of IL&FS. It may be recollected that rating agencies had given AAA rating to IL&FS just before the company made huge defaults Read more [...]
With Trump announcing an imminent signing of the trade deal, the enthusiasm is likely to hold markets in the positive. This is likely to be specifically positive for the metals sector, which are contingent on Chinese demand pick-up.
Indian markets Read more [...]
The NCLAT has rejected a petition filed by the Income Tax Department against the approval granted to Reliance Jio to hive off its fibre business. The Income Tax Department had claimed that this demerger of Reliance Jio into 2 units would result in loss Read more [...]
The Nifty and Sensex did not correct sharply but the undertone was surely weak after the ruling BJP ended up on the losing side in Jharkhand. For the ruling party, it marks the loss of one more state in the Hindi Belt.
Much of the pressure on the Read more [...]
Markets closed lower on Monday, although the damage to the index overall was quite limited. The markets opened in the green but dipped into the red after the Jharkhand election outcome gave clear indications of the BJP losing power in the state. However, Read more [...]
The bullish sentiments continued during the week with the Nifty and the Sensex scaling new highs. HDFC became the third stock in India after RIL and TCS to touch the $100 billion market level. During the week, the market cap accretion in 8 out of the Read more [...]