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Rakesh Jhunjhunwala may have sold Escorts stake, stock down 16% so far this year

Rakesh Jhunjhunwala may have sold his stake in agriculture machinery manufacturer Escorts. Often called the Big Bull of Dalal Street, Rakesh Jhunjhunwala’s name is absent from the latest shareholding pattern of Escorts, which was uploaded on the BSE website a few days ago. However, it is also possible that Rakesh Jhunjhunwala has tendered his shares …

Sensex, Nifty end in red for 3rd straight day, RBI policy meet outcome to show fresh direction to market

Indian equity markets ended in red for the third consecutive day tracking weak global markets due to hawkish FOMC meeting minutes. Both BSE Sensex and NSE Nifty 50 indices ended nearly 1 per cent lower on Thursday. Despite trading in green for quite some time, Bank Nifty failed to hold gains and closed marginally lower …

Investors poorer by over Rs 2.61 lakh crore as markets halt five-day winning momentum

In line with weak trend in equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,61,145.72 crore to Rs 2,51,66,630.06 crore on Tuesday. Investors became poorer by more than Rs 2.61 lakh crore as the five-day rally in the equity market came to a halt on Tuesday, with the benchmark indices tanking sharply. In …

Nifty may touch 20,200 in Dec, long-term story for market intact, says Axis Securities; Check top stock picks

While in the medium term, geopolitical development and other macroeconomic factors like inflation, US Fed decision, and state election results could cause volatility and drive the market performance, the long term story for the equity market is intact. Indian equity markets have been witnessing high volatility as investors assess the Russia-Ukraine crisis and assess the …

Sensex ends lower for 3rd consecutive session, Nifty shuts shop below 17300, volatile trend to continue

BSE MidCap and SmallCap indices shed 0.8 per cent On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2%) and the Nifty Pharma index (down 0.8%). On the upside, the Nifty Bank and Financial Services indices managed to close 0.2% higher each. The volatile streak in …

Zomato shares plunge 9% after posting lukewarm Q3 results; growth in number of orders lower than expected

Zomato’s stock fell to Rs 85.85 a scrip in early trade, from last close of Rs 94.50 a share. Brokerage firm JM Financial said Zomato reported lukewarm results in the third quarter, adding that the sequential orders volume growth was lower than its expectations. Shares of food-tech company Zomato Ltd fell as much as 9% …