By Ajit Mishra Markets have been witnessing consolidation in a narrow range for the last two weeks amid mixed cues. The prevailing uncertainty on the global front and underperformance of the banking index, which holds considerable weight in the index, are capping the upside however index majors from the other key sectors like auto, FMCG […]
Day: March 21, 2023
Power-packed move: Discoms surely need more of the same medicine, but under stricter monitoringPower-packed move: Discoms surely need more of the same medicine, but under stricter monitoring
The government’s plan to extend the capital support scheme for electricity distribution utilities’ (discoms) network investments by five years from the current deadline of FY26 is sensible. The ongoing Rs 3-trillion revamped distribution sector scheme FY22-FY26 (RDSS) involves lending by PFC-REC under irrevocable state government guarantees, and the Centre’s gross budgetary support of `97,631 crore, […]
Markets maintain positive trend for six weeks, 4% away from record-high; global cues, earnings to drive marketsMarkets maintain positive trend for six weeks, 4% away from record-high; global cues, earnings to drive markets
By Ajit Mishra Markets have been maintaining a positive tone for the last one and a half months and now trading just 4% away from their record high. Apart from the recovery in the global indices, renewed buying in banking, financials, auto and FMCG majors combined with a noticeable recovery in the broader indices has […]
Share Market Highlights: Nifty settles above 19650, Sensex above 66000; Bank Nifty adds over 150 pointsShare Market Highlights: Nifty settles above 19650, Sensex above 66000; Bank Nifty adds over 150 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session on a flat note. The NSE Nifty 50 ended at 19,674.55 up by 30 points, while the BSE Sensex added 14.54 points to 66,023.69. The broader indices settled mostly in green except for the Nifty Next 50 […]
RR Kabel sets IPO price band at Rs 983-1,035 per shareRR Kabel sets IPO price band at Rs 983-1,035 per share
TPG-backed wires and cables manufacturer RR Kabel Ltd on Friday said it has fixed a price band of Rs 983-1,035 per share for its Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares of up to Rs 180 crore and an Offer For Sale (OFS) of more than 1.72 crore equity shares […]