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Introduction Wall Street experienced a notable decline on Friday, erasing gains from a strong holiday-shortened trading week. The sell-off was driven by widespread profit-taking, marking the end of the Dow Jones Industrial Average’s five-session winning streak. This streak had followed a historic 10-session losing run, the worst since 1974. As the year draws to a…
Rupee Falls to All-Time Low of 85.80 Against US Dollar Amid Market Turmoil Mumbai, Dec 27 (PTI): The Indian rupee recorded its sharpest single-day decline in six months, plummeting by 53 paise to hit a new all-time intraday low of 85.80 against the US dollar during Friday’s mid-session. The steep fall comes as rising US…
The equity derivatives market underwent significant changes in 2024. The year was marked by heightened volatility and regulatory interventions that reshaped the dynamics of the futures and options (F&O) segment. For traders and investors, this evolving landscape calls for strategic adjustments and disciplined approaches. In the past three fiscal years, as per a SEBI study,…
Garden Reach Shipbuilders & Engineers Limited (GRSE) is experiencing a significant 3.36% increase in share price today, trading at ₹1,605.10 as of December 27, 2024. The stock reached a high of ₹1,625.20 and a low of ₹1,537.95 during the trading day, reflecting notable market activity and investor interest. This surge comes as the company continues…
NMDC Shares, India’s largest iron ore producer, has seen a noticeable drop in its stock price over the past week, with a 7% decline in just six days. The stock is currently trading ex-date for the issuance of bonus shares in a 2:1 ratio. Although the stock opened higher, it faced selling pressure and the…
Greaves Cotton Hits Record High Ahead of Greaves Electric Mobility IPO Shares of Greaves Cotton soared to a new high of ₹271.90 on the National Stock Exchange (NSE) during Friday’s intra-day trading, marking a significant 16% surge. This rally came on the back of heavy trading volumes, as excitement builds for the upcoming Initial Public…
Mazagon Dock Shares Dip 2% Ahead of 1:2 Stock Split Introduction Mazagon Dock Shipbuilders, India’s premier shipbuilding company, witnessed its stock price dip by 1.77% to ₹2,323.00 in midday trading on December 27, 2024. This decline comes amid heightened activity around the company’s scheduled 1:2 stock split. The move aims to increase liquidity and attract…
DAM Capital Advisors Shares Surge on Debut, Listing at 38% Premium Shares of DAM Capital Advisors made an impressive debut on the NSE today, listing at ₹393 apiece, a 38.8% premium over the issue price of ₹283. By 10:30 am, the share price had soared further, jumping 16% to reach a high of ₹436, delivering…
UltraTech Cement Buys 8.7% Stake in Star Cement for ₹851 Crore Introduction UltraTech Cement, a leader in India’s cement industry, has made a strategic move by acquiring an 8.7% stake in Star Cement for ₹851 crore. This acquisition aligns with UltraTech’s broader strategy to strengthen its market presence amid growing competition in the cement sector….
Tata Chairman Chandrasekaran Foresees Manufacturing Boom for India Introduction In his year-end note to Tata Group employees, Chairman N Chandrasekaran outlined a bold vision for India’s manufacturing future, underlining the creation of 5 lakh manufacturing jobs in the next five years. This ambitious goal reflects Tata Group’s commitment to fostering economic growth and underscores India’s…