Mumbai, Feb 25 (IANS) Shares of SpiceJet crashed 10 per cent on Wednesday, hitting the lower circuit after heavy block deals on the BSE triggered massive selling in the counter. Nearly 8.4 per cent of the airline’s equity changed hands during the session, according to media reports.Around 128.6 million shares were traded through 17 block deals, making it one of the most active stocks of the day.Trading volumes were more than 16 times the three-month full-day average — indicating intense activ…
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Mumbai, Feb 25 (IANS) The Indian equity markets showed strong gains on Wednesday led by IT stocks, tracking an overnight recovery of tech stocks on Wall Street in the US.As of 9.30 am, Sensex added 559 points, or 0.69 per cent, to reach 82,785, and Nifty gained 157 points, or 0.62 per cent, at 25,582.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 0.27 per cent, and the Nifty Smallcap 100 gained 0.46 per cent.All major sectoral indices traded in…
New Delhi, Feb 23 (IANS) Downstream oil marketing company Bharat Petroleum Corporation Ltd (BPCL) has received an order from the Commissioner of Central Tax and Central Excise, Kochi, for a total demand of Rs 1,816.65 crore, the government-owned company said in an exchange filing on Monday.The total sum comprises an excise duty demand to the tune of Rs 476.94 crore in addition to the applicable interest of Rs 1,339.70 crore and a penalty of Rs 95,000, it said in a filing with the BSE.The BPCL sa…
Mumbai, Feb 23 (IANS) Shares of Sudarshan Pharma Industries slipped over 3 per cent on Monday after the Goods and Services Tax (GST) department initiated an inspection and search operation at the company’s registered office.The stock fell 3.06 per cent on the BSE to hit an intra-day low of Rs 25.62 per share. At 1:10 PM, the shares were trading at the same level, down 3.06 per cent.Over the past one year, Sudarshan Pharma’s stock has declined around 19 per cent, according to the official dat…
Mumbai, Feb 18 (IANS) The Indian equity benchmarks made considerable gains on Wednesday, even as selling of information technology stocks continued weighing on investor sentiments.The strength in banking, metal, and FMCG stocks helped counterbalance sharp selling in the IT sector.At the closing bell, Sensex gained 283 points, or 0.34 per cent to settle at 83,734. Nifty added 93 points, or 0.37 per cent, to close at 25,819.The broader markets performed in line with benchmark indices, as Nifty Mid…
Mumbai, Feb 16 (IANS) Indian benchmark indices staged a strong late rally on Monday, snapping the two-day losing streak, as buying in banking stocks lifted market sentiment.The 30-share Sensex ended 650.39 points, or 0.79 per cent, higher at 83,277.15. The broader Nifty rose 211.65 points, or 0.83 per cent, to close at 25,682.75.Commenting on Nifty technical outlook, experts said that the broader structure remains positive as long as the 25,500–25,400 support zone is defended.“On the upside,…
Mumbai, Feb 15 (IANS) The market valuation of Tata Consultancy Services (TCS) tumbled by Rs 90,198.92 crore to Rs 9,74,043.43 crore this week, emerging as the biggest laggard among India’s top companies amid a broader bearish trend in equities.The combined market capitalisation of six of the top 10 most valued firms declined by more than Rs 3 trillion during the week, as stock markets remained under pressure.The BSE benchmark index fell by 953.64 points, or 1.14 per cent — reflecting weak inv…
Mumbai, Feb 15 (IANS) After a sharp fall in benchmark indices, investors will closely track global and domestic cues next week, including the US Federal Reserve minutes, RBI policy signals, IT sector trends, bullion prices and foreign investor activity, which are likely to decide the direction of the Indian stock market.Indian stock markets ended sharply lower on Friday, (February 13), weighed down by weak global cues and rising worries over artificial intelligence and its possible impact on the…
Mumbai, Feb 11 (IANS) The Indian equity markets traded flat on Wednesday, breaking a streak of three consecutive gains, as investors traded with caution ahead of the CPI data.At the closing bell, the Sensex lost 40 points, or 0.05 per cent to settle at 84,233. The Nifty surged 18 points, or 0.07 per cent, to close at 25,953.The broader markets performed in line with benchmark indices, as Nifty Midcap 100 index added 0.03 per cent, while the NSE Smallcap 100 edged up 0.02 per cent.Market breadth …
New Delhi, Feb 10 (IANS) The government announced on Tuesday that it has launched an Offer for Sale (OFS) to divest up to a 5 per cent stake in engineering giant Bharat Heavy Electricals Limited (BHEL). The government will sell an initial 3 per cent stake, with an option to offload an additional 2 per cent stake to accommodate any oversubscription of bids. The floor price for the OFS has been fixed at Rs 254 per share.“Offer for Sale in Bharat Heavy Electricals Limited (BHEL) opens tomorrow fo…