Tuesday In Stock Market: Good News For Vodafone, Adani Ports, Watch Out For Bharti Airtel, Hero MotoCorp, Ambuja Cements Today

The opening day of the week did not see much happiness in the stock market on Monday. Both Sensex and Nifty closed on the red mark, with the Bombay Stock Exchange Sensex falling by 334.98 points to close at 60,506 and the NSE Nifty falling by 89.45 points to the level of 17,764.  As the market opens for Tuesday, experts say that today the market is expected to ride the see-saw to see ups and downs.  The Big Gainers of the Day  There was finally some good news for Vodafone…

Read More

Indian Equities End With Weekly Gains As Financials Give Boost

Indian equities jumped on Friday and ended with weekly gains, boosted by a rise in financials and hopes of central bank easing rate hikes as inflation eases. Adani Group stocks also made a sharp intraday rebound. The Nifty 50 index ended 1.38 per cent higher on Friday at 17,854.05, while the S&P BSE Sensex climbed 1.52 per cent to 60,841.88. The Nifty 50 and Sensex jumped 1.42 per cent and 2.55 per cent, in the week, respectively. High weightage financials jumped over 2.3 per cent ahead of earnings of the…

Read More

Friday In Stock Market: CCL Gives A ‘Caffeine Shot’, Watch Out For Tata Power, Paytm Today

It was a day of fluctuations for the stock market on Thursday. While the BSE Sensex closed at 59,932.24 with a gain of 224 points, the NSE Nifty closed at 17,610.40 with a fall of 5.90 points. The Adani effect continues to cast its shadow on the market and the fluctuations would continue even on the last trading day of the week.  Big Gainers Of The Day  Welspun India was amongst the big gainers of the day on Thursday. It closed at Rs 70.15, with a gain of 9.01 per cent.…

Read More

Indian Equities Recover As Key Adani Stocks Cap Losses

The Nifty 50 index closed 0.25 per cent higher at 17,648.95, while the S&P BSE Sensex rose 0.29 per cent to 59,500.41. Both the indices swung between 0.6 per cent gains and 1.1 per cent losses during the session before settling a notch higher Indian shares struggled for direction in a highly volatile session on Monday, ahead of the Union Budget, as select Adani stocks arrested the slide after a short-seller attack on group companies triggered a sell-off over the previous two sessions. The Nifty 50 index closed 0.25 per…

Read More

Monday Market Update: Aarti Surfactants, Pritika Auto Keep The Market Steady, L&T, Tech Mahindra, BPCL To Be In Spotlight Today

Last week spelled doom for the stock market. The impact of the Hinderburg report was seen not only in the market position and stocks of the Adani group, but on the entire market. Banks and LIC saw a big blow to their stocks too. On Friday, BSE Sensex fell 874 points to 59,330 and NSE Nifty fell 287 points to 17,604.35 points. Today i.e. on 30th January, predictions of a volatile market have been made by experts.  The Big Jump Amidst the falling market on Friday, stocks of Aarti Surfactants saw…

Read More

MSCI Seeks Feedback On Adani Group Over Hindenburg Row: Report

Index provider MSCI on Saturday said that it was seeking feedback on Adani Group and associated securities and was aware of US-based short-seller Hindenburg Research, news agency Reuters reported. “MSCI is closely monitoring publicly available information regarding the situation and the factors that may impact the eligibility of those relevant securities for the MSCI Global Investable Market Indexes,” it said in a statement. Earlier on Friday, Reuters had reported that Securities and Exchange Board of India (Sebi) was studying the Hindenburg report which may help its own probe into offshore…

Read More

Bloodbath On D-street After Carnage In Adani Group Stocks

Indian equities hit their three-month low on Friday as pressure on Adani Group stocks intensified post the Hindenburg Research Report. The selloff triggered on Friday wiped off investor wealth by Rs 6.8 lakh crore, with the total market capitalisation of BSE-listed stocks dropping to Rs 269.7 lakh crore. The Nifty 50 index ended 1.61 per cent lower at 17,604.35, while the S&P BSE Sensex fell 1.45 per cent to 59,330.90. “Following the release of a study report by Hindenburg Research on Adani Group, the Indian equities markets are under intense…

Read More

Gautam Adani Slips To 7th Spot On World’s Richest List Amid Rout In Group Stocks

According to Forbes World’s Real Time Billionaires List, Adani’s wealth fell by USD 22.6 billion on Friday, taking him to the 7th spot on the list Gautam Adani, India’s richest person, saw his wealth fell below USD 100 billion-mark, amid a rout in the Adani Group stocks post Hindenburg’s report. According to Forbes World’s Real Time Billionaires List, Adani’s wealth fell by USD 22.6 billion on Friday, taking him to the 7th spot on the list. Hindenburg on Wednesday had alleged group companies to be involved in stock manipulation, money…

Read More

Sebi Increases Scrutiny Of Adani Group Companies: Report

Capital market regulator Securities and Exchange Board of India (Sebi) has increased its scrutiny of deals by the Adani Group since last year, and it will study a report issued by Hindenburg Research to add to its ongoing preliminary investigation regarding the group’s foreign portfolio investors, news agency Reuters reported citing two sources aware of the development. The report stated that the regulator had been increasingly examining all the transactions that Adani Group has been undertaking in the listed space and has been asking for disclosures that it ordinarily does…

Read More

Sensex Crashes 800 Points As Banking Stocks Drag

Except Nifty Auto, Pharma and FMCG, all other sectoral indices were trading in red with Nifty PSU Bank, Pvt Bank, Fin Service and Bank slumping more than 2 per cent Indian equities continued their freefall for the second straight session on Friday as pressure on Adani stocks due to Hindenburg’s report on its group companies weighed, offsetting easing concerns of recession in the United States. As of 11:58 am IST on Friday, the 30-share Sensex was down 808.47 points or 1.28 per cent and was trading at 59,396.59, while its…

Read More