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August 12, 2024 New Delhi, India On August 12, 2024, the Indian stock market demonstrated resilience despite early volatility and significant developments. After opening lower, both the Sensex and Nifty recovered to end the day largely flat. Key market movers included the Adani Group stocks, which experienced declines following new allegations from Hindenburg Research. Market…
August 12, 2024 New Delhi, India Mamaearth Shares Post Q1 Results Shares of Honasa Consumer, the parent company of Mamaearth, fell over 6% to ₹444 in Monday’s trade on the BSE, despite a notable 63% year-on-year (YoY) increase in consolidated net profit for the June quarter of FY25. The company reported a profit of ₹40…
August 12, 2024 New Delhi, India Q1 Results Voltas Ltd, a leading air conditioning and engineering services provider, reported a significant two-fold jump in its consolidated net profit to ₹335 crore for the first quarter ended June 30, 2024. This impressive growth was primarily driven by a substantial increase in sales from its room air…
August 12, 2024 New Delhi, India Adani Shares Crash Shares of Adani Group companies faced significant declines on Monday after Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch had a stake in offshore entities involved in a money siphoning scandal linked to the Adani Group. The fresh allegations have led to a sharp sell-off,…
August 10, 2024 New Delhi, India IPO Watch Investors eagerly await the allotment status of Firstcry’s parent company, Brainbees Solutions Limited, after the recent conclusion of its IPO. The allotment date is likely today, with the IPO listing expected on August 13, 2024. Here’s how you can check the allotment status online and the latest…
August 9, 2024 New Delhi, India Ola Electric Shares Surge Ola Electric made a muted debut on the Indian stock market today, with shares listing at ₹76 apiece on the NSE and ₹75.99 on the BSE, reflecting a flat start compared to the issue price. Despite the initial lackluster performance, the stock saw a notable…
August 9, 2024 New Delhi, India The Indian stock market saw a robust opening on August 9, with the benchmark indices Sensex and Nifty surging over 1% in early trade. Strong buying interest in information technology (IT) stocks and positive cues from Asian markets propelled the indices higher. Market Performance: Sensex Soars: The BSE Sensex…
August 8, 2024 New Delhi, India The Indian benchmark indices, Sensex and Nifty, exhibited weakness on Thursday as market participants focused on the Reserve Bank of India’s (RBI) monetary policy decision. As of 1:14 pm, the BSE Sensex fell by 439.46 points or 0.55% to trade at 79,028.55, while the Nifty 50 dropped by 139.15…
August 8, 2024 New Delhi, India WTI Price West Texas Intermediate (WTI) Oil has retraced its recent gains from the previous session, trading around $74.00 during the early European hours on Thursday. Despite the dip, crude oil prices might regain support from rising concerns about supply constraints due to ongoing geopolitical tensions in the Middle…
August 8, 2024 New Delhi, India Unicommerce IPO The Unicommerce eSolutions IPO has gained significant traction as it enters its third and final day of subscription. The IPO, which opened on August 6, is an entirely offer-for-sale (OFS) of 2.56 crore shares. With a price band set at ₹102 to ₹108 per share, retail investors…
