On Tuesday, March 4, India’s antitrust regulatory body, the Competition Commission of India (CCI), granted its approval for the proposed acquisition of a significant stake in Orient Cement by Ambuja Cements. The approval allows Ambuja Cements to acquire up to 72.8% of Orient Cement’s shareholding, marking a major development in the Indian cement industry. The…
In a significant update for traders and investors, the National Stock Exchange (NSE) has announced a change in the expiry schedule for Futures & Options (F&O) contracts of key indices. As per a circular issued today, the expiry day for derivatives contracts on Nifty 50, Bank Nifty, Nifty Financial Services (FinNifty), Nifty Next 50, and…
On Monday, March 3, shares of One 97 Communications, the parent company of digital payments giant Paytm, saw a sharp decline of up to 4% during intraday trading. The drop came after the Enforcement Directorate (ED) issued a notice to the fintech firm over alleged violations of certain provisions under the Foreign Exchange Management Act…
Shares of Angel One witnessed a sharp decline of 10% during intra-day trading on Monday, March 3, reaching a 52-week low of ₹1,952.20. The sudden drop was accompanied by heavy trading volumes, with 24.4 lakh equity shares worth approximately ₹493.3 crore being exchanged. This marks a 12% decline over the past two trading sessions, following…
On Monday, Bajaj Finance witnessed an upward movement in its share price, gaining over one percent following the company’s announcement regarding the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The stock climbed as much as 1.15%, reaching an intraday high of ₹8,641.25 per share on the Bombay Stock Exchange (BSE). This…
Polycab India’s share price staged a strong recovery on Monday, rebounding nearly 5% during intraday trading. This comeback follows a sharp decline on Friday, when shares of Polycab and other cable and wire (C&W) manufacturers faced significant selling pressure after news emerged that UltraTech Cement was entering the segment. The dip in stock prices last…
The Indian government has elevated the status of Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) to Navratna category, granting them greater financial autonomy. This upgrade allows both Central Public Sector Enterprises (CPSEs) to make discretionary investments of up to ₹1,000 crore or 15% of their net worth, whichever is…
Foreign Portfolio Investors (FPIs) have continued their selling spree for the fifth consecutive month, further deepening their withdrawal from the Indian stock market. In February alone, FPIs pulled out a substantial ₹41,748 crore from the secondary market, driven by growing global trade uncertainties and the increasing attractiveness of U.S. bond yields. The final trading session…
In the upcoming week, Wall Street investors will have a wealth of economic data to digest, with particular attention on the February jobs report, which could provide crucial insights into the labor market’s strength and its potential impact on Federal Reserve policy. Beyond employment data, market participants will closely monitor reports on business activity and…
Ashok Leyland’s stock witnessed an upward movement of 3.3% on the Bombay Stock Exchange (BSE) today, reaching its intraday high of ₹219.80. The rise in share price came after the company announced its vehicle sales data for February 2025. Despite a decline in domestic sales compared to the previous year, the stock showed positive momentum…