Mumbai, March 25 (IANS) Dalal Street opened on a bullish note for the second consecutive session on Wednesday, supported by easing geopolitical concerns amid hopes of de-escalation in the West Asia conflict. Additionally, reports suggesting that Donald Trump had proposed a 15-point plan to Iran via Pakistan further enhanced investor confidence.Sensex opened around 600 points or 0.80 per cent higher at 74,652, while Nifty began trading at 23,064, up 150 points or 0.66 per cent.In early trade, the…
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New Delhi, March 6 (IANS) Society for Innovation and Entrepreneurship (SINE) — the IIT Bombay-backed broad-spectrum technology business incubator — is selling about 4 lakh shares in the SEDEMAC Mechatronics initial public offering (IPO), according to the filings.The company’s red herring prospectus (RHP) has highlighted that SINE will offload 4,08,000 equity shares.On a pre-offer paid-up equity share capital basis, this represents 0.92 per cent, indicating that the incubator is expected to e…
New Delhi, Feb 28 (IANS) Rising geopolitical tensions in the Middle East are likely to cast a shadow on global equity markets, including India’s Dalal Street, market experts said on Saturday.Market experts noted that while the escalation in the Israel-Iran conflict may trigger caution among investors, the Indian stock market may open weak rather than witness heavy panic selling.The concerns came after Israel launched what it described as “preventive” strikes on Iran, sharply escalating ten…
Mumbai, Feb 19 (IANS) Indian benchmark indices witnessed heavy selling pressure on Thursday, recording their sharpest decline in more than two weeks as rising geopolitical tensions and higher crude oil prices hurt investor sentiment.The Sensex closed at 82,498.14, down 1,236.11 points or 1.48 per cent. The Nifty settled at 25,454.35, falling 365 points or 1.41 per cent. The benchmarks posted their worst single-day fall since February 1 this year.Technically, price action slipped below the short-…
Mumbai, Jan 13 (IANS) Indian stock markets ended lower on Tuesday as investors remained cautious ahead of the US–India trade talks, with selling pressure seen mainly in consumer durables and realty stocks.The benchmark indices, the Sensex and the Nifty, slipped in a narrow range as market participants avoided taking aggressive positions before the key discussions between the two countries.The Sensex closed at 83,627.69, falling 250.48 points or 0.30 per cent. The Nifty also ended lower, slippi…
Mumbai, Jan 8 (IANS) LG Electronics India shares came under selling pressure on Wednesday after the expiry of the company’s three-month lock-in period, pushing the stock to an all-time low on the BSE.The share price fell as much as 4.4 per cent to Rs 1,392.8 during early trade. At 1:30 pm, the stock was still down 2.51 per cent or Rs 36.50 at Rs 1,419.90.The decline was largely linked to the end of the lock-in period, which restricts certain shareholders from selling their shares for a fixed t…