Stock Market

Sensex opens 300 points lower, Nifty below 24,500; Adani Group shares in focus

The BSE Sensex opened at 78,509.77 but was down 315.36 points, or 0.40%, at 78,227.08 as of 9:26 am. The Nifty 50 was down 94.05 points, or 0.38%, at 24,489.75 after opening at 24,575.10. Benchmark indices opened lower on Tuesday as firmer crude oil prices weighed on investor sentiment, although strength in IT stocks and

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Stock Market

How Adani’s US fraud charges impact India’s economy and politics

Mr Adani’s sprawling $169bn empire spans ports and renewable energy Just weeks ago, Gautam Adani, one of the world’s richest men, celebrated Donald Trump’s election victory and announced plans to invest $10bn (£7.9bn) in energy and infrastructure projects in the US. Now, the 62-year-old Indian billionaire and a close ally of Prime Minister Narendra Modi, whose sprawling $169bn empire spans

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Stock Market

‘Is the Indian stock market closed today for the Maharashtra Assembly Election 2024?

Stock market holiday: To check whether the Indian stock market is open tomorrow or not, one can find on the BSE website. Read more to know tomorrow’s trading holiday details According to the Reserve Bank of India’s list of bank holidays 2024, all banks in Maharashtra will be closed on November 20 due to the Maharashtra Assembly

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Stock Market

Algo Trading: Performance Validation Team May Be Supervised By Credit Rating Agencies

Discussions are going on to determine which organisation would be better suited for the overseeing. Until a decision is made, regulations governing algo trading could remain in limbo. Credit rating agencies are being considered to oversee a new performance validation agency that will verify claims made by algorithm-based trading platforms, according to people familiar with the matter. Another

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Stock Market

Adani Power share price jumps over 3% on ₹5,000 crore fundraise move

Adani Power share price today opened flat but soon caught bulls’ attention and touched an intraday high of ₹605.95 apiece on the NSE, logging over 3% rise against the previous day’s close. Stock market today: After the announcement of the board meeting date on 28th October 2024 to consider and approve the ₹5000 crore fundraising proposal, Adani Power shares witnessed

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Stock Market

Waaree Energies Listing: Retail Investors To Determine Liquidity Squeeze In Shares

Waaree Energies’ issue allotment saw only 11 lakh retail investors getting just 9 shares, or one lot, each in the IPO Waaree Energies Ltd. listed at a premium of 66% on the National Stock Exchange over its issue price of Rs 1,503 apiece. The net issue (excluding anchor book) was subscribed 79.7 times and saw

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