Sensex Drops 849 Points, Below 81,000 Amid a US-Tariff Selloff
The equity benchmark index, Sensex, dropped by 849 points on Tuesday, falling below the 81,000 level. This decline was driven by widespread selling pressure following the United States’ announcement of a draft notice regarding the implementation of an additional 25% tariff on Indian products. Additionally, relentless foreign fund outflows and a weak global trend negatively…
Sensex, Nifty May Dip on July 8 After Trump’s Tariffs
Indian stock markets are likely to open lower on Tuesday, following mixed global cues after US President Donald Trump said he would impose fresh tariffs on several trading partners. The Gift Nifty was trading around 25,495, tracking about 44 points lower than the previous closing price of Nifty futures, indicating a weak start. On Monday,…
Bharti Hexacom IPO: Issue Date, Lot Size And Price Band
A subsidiary of one of India’s top telecom service providers, Bharti Hexacom, is said to launch its IPO in the coming month. The opening date of the IPO is April 3, and it will close on April 5. The size of the IPO is estimated to be around Rs 4,275 crore. The bidding for anchor…
Reliance Looking To Acquire Textile Industry ‘Sintex’
Reliance, partnering with Assets Care & Reconstruction Enterprise Ltd., plans to hire Sintex Industries Ltd. under the bankruptcy resolution process, Sintex revealed in a filing on Sunday. Mukesh Ambani’s Reliance Industries Ltd., along with a partner, are planning to take over a bankrupt Indian Textile firm ━ Sintex Industries Ltd., according to a stock-exchange filing….
Dalal Street Week Ahead: Factors That Will Impact Stock Market
The stock market is likely under a lot of pressure next week until the severity of the new COVID-19 variant emerges. Check more details in the following section. People generally get excited when there is a sale around. But, it was a Black Friday sale, traders and investors looked nervous as the Indian equity market…