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Paytm Shares Decline 6%, Extend Fall to 20% in Five Sessions: Here’s Why Shares of One97 Communications, the parent company of fintech giant Paytm, continued their downward trajectory for the fourth consecutive session on January 13. The stock fell by over 6%, reaching as low as Rs 796.1 apiece. This marks a total decline of…
The GBP/USD pair continues to experience downward pressure, plummeting to its lowest level since November 2023. With concerns surrounding stagflation and the UK’s fiscal health, the British pound remains underperforming against a robust US dollar. Bolstered by the Federal Reserve’s hawkish stance, the US dollar’s strength continues to overshadow the GBP. Key Takeaways: GBP/USD Faces…
The DAX Index is currently navigating a period of volatility, driven by several global factors. The recent US jobs report and ongoing concerns about potential US tariffs on German exports are creating challenges for the index. Here’s a breakdown of what could influence the future direction of the DAX and the broader European market. Key…
CESC Ltd. shares have dropped 17% over the past month, reflecting broader weakness in the BSE Power Index, as noted by Antique Stock Broking. This decline highlights the challenges faced by the power sector, including regulatory changes and rising costs, impacting investor sentiment. Despite the short-term dip, CESC continues to focus on long-term growth strategies….
Markets Start the Week in the Red Amid Global Weakness Indian equity markets opened the week with a sharp decline on January 13, 2025, with benchmark indices Sensex and Nifty witnessing a gap-down opening. Weakness in PSU banks and realty stocks led the losses, while negative global cues further added to the bearish sentiment. At…
On January 13, 2025, Indian markets opened on a cautious note, mirroring the negative sentiment observed in Asian peers. The benchmark indices, Nifty 50 and BSE Sensex, exhibited significant volatility throughout the trading session, influenced by global economic indicators and domestic corporate earnings concerns. Opening Bell and Early Trade The GIFT Nifty futures indicated a…
India is witnessing a rise in Human Metapneumovirus (HMPV Virus) cases, with an 80-year-old man in Ahmedabad, Gujarat, testing positive for the virus on January 9, 2025. This brings the total number of confirmed cases in the country to at least six since January 7. The Ahmedabad Municipal Corporation (AMC) has stated that the patient…
The Laxmi Dental IPO is set to launch on January 13, 2025, and will be open for subscription until January 15, 2025. With a price band set between ₹407-428, this offering provides investors an opportunity to buy shares in one of India’s leading manufacturers of dental products. Backed by the global investment firm OrbiMed, Laxmi…
The NTPC shares saw a sharp 3% drop today, with the stock currently trading at Rs 310.4. This decline is part of a broader trend affecting the BSE POWER index, which has decreased by 2.3% to 6,468.4. The decline in NTPC shares has raised concerns among investors, as it contributes to the overall pressure in…
Indian Railway Catering and Tourism Corporation Ltd (IRCTC), the sole entity authorized by Indian Railways to provide catering services, online ticketing, and packaged drinking water at railway stations and trains, has seen its stock price fall by 25% over the past six months. This decline contrasts with the BSE Sensex, which only dropped 3% during…