Markets
India says Pak’s claim on Basmati unfounded
India has hardened its stance on seeking exclusive the geographical indication (GI) tag from the European Union (EU) on basmati rice. India’s Permanent Representative to Unesco, Vishal V Sharma, has categorically said Pakistan “cannot use the trademark basmati”, over which the neighbouring country is demanding a joint claim along...
Rs 15 cr SEBI fine on Franklin Templeton CEO, fund managers
The Securities and Exchange Board of India (SEBI) has fined Franklin Templeton Trustee Services; FT AMC CEO Sanjay Sapre; and seven others to the tune of Rs 15 crore in connection with the abrupt closure of six debt mutual funds schemes last year. SEBI in its order said that...
Adani Group shares plummet on reports of NSDL freeze
Adani Group stocks took a heavy beating on Dalal Street today morning, hitting the lower circuit within the initial minutes of trade. The fall in Adani Group shares came after reports surfaced that National Securities Depository Limited (NSDL) froze three accounts of Foreign Portfolio Investors (FPI) that owned a...
Nifty may hold 14,200, Bank Nifty could head towards 34,900 soon; Axis Bank, Mindtree likely to outperform
The weekly price action formed a high wave candle, indicating elevated volatility in Nifty 50 as profit booking emerged after approaching the psychological mark 15000. Image: Reuters By Dharmesh Shah Nifty Outlook The week that was… Equity benchmarks snapped past three weeks decline and concluded the week at 14631,...
Nifty may hit 15,000, if it holds 14,700; Bank Nifty looks positive on charts; buy TCS, Wipro, among others
The chart pattern suggests that if Banknifty crosses and sustains above 32800 level it would witness buying which would lead the index towards 33200-33600 levels. (Image: REUTERS) By Rajesh Palviya Markets are keeping a very close watch on the ongoing health crisis w.r.t second wave of covid across all...
Rakesh Jhunjhunwala’s favorite stock Titan top Sensex loser, falls for 3rd straight day post Q4 results
Ace investor Rakesh Jhunjhunwala reduced his stake to 3.52 crore shares or 3.97 per cent, at the end of March quarter Titan Company share price fell over 5 per cent to Rs 1,416.60 apiece in intraday deals on BSE on Monday. Rakesh Jhunjhunwala’s favorite Titan stock price traded in...
Sensex, Nifty stage strong intra-day recovery to end flat; here’s what experts make of today’s trade
Dalal Street made an intra-day recovery after having opened deep in the red. (Image: REUTERS) Equity benchmark indices closed mixed on Monday. S&P BSE Sensex ended 63 points lower at 48,718 points while the 50-stock NSE Nifty index gained 3 points and closed at 14,634. Dalal Street made an...
Warren Buffett accepts selling Apple shares, despite Charlie Munger’s disapproval, was a mistake
Ace investor Warren Buffett admitted that selling shares of Apple was probably a mistake. (Image: REUTERS) Ace investor Warren Buffett admitted that selling shares of Apple was probably a mistake on his part. The billionaire investors said that he sold shares of the iPhone manufacturer despite the fact that...
Delisted Chemplast Sanmar files IPO papers with SEBI; plans to launch Rs 3,500 crore public issue
Upon successful listing, Chemplast Sanmar will join the likes of PI Industries, SRF Ltd, Finolex Industries and Navin Fluorine International Ltd. Image: sanmargroup.com Chemplast Sanmar, which was delisted nearly a decade ago, filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator SEBI to raise Rs 3,500...
Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities
Today is the eighteenth consecutive day of unchanged duel price. (Image: REUTERS) Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel have now remained the same for eighteen consecutive days. Fuel prices were last cut on April 15. Today, the Petrol price...
