Life Insurance Corporation (LIC) has reduced its stake in state-run company NMDC by 2% between March 14, 2023, and June 20, 2023. As a result, NMDC shares saw a slight decline in early trade, with the stock quoting at ₹106 per share at 2:20 pm, dow

Delhivery, a logistics firm, experienced a 7% surge in its shares due to Carlyle Group's subsidiary, CA Swift Investments initiated a block trade to sell its stake in Delhivery for $86 million. The floor price for the transaction has been s

In a groundbreaking move set to reshape global trading, the popular SGX Nifty is undergoing a significant transformation. Starting from June 30, the trading for SGX-Nifty will come to a halt at the Singapore Exchange, making way for the emergence of

Foreign Institutional Investors (FIIs) Infuse $9 Billion, Propelling Sensex to Historic High The Indian stock market, popularly known as Dalal Street, has witnessed a remarkable influx of foreign institutional investors (FIIs) in the fiscal year 2

Wipro, the IT major, is set to launch its ₹12,000 crore share buyback program on June 22, concluding on June 29. This buyback comes after a gap of over two years and has garnered significant interest from shareholders. Wipro intends to repurchase 2

As global interest rates approach their peak levels, there is speculation that the US Federal Reserve may commence interest rate cuts by the end of the current calendar year. Such a decline in interest rates historically correlates with an upward tre

Bank of Baroda has become the second public sector bank in India to surpass ₹1 lakh crore market capitalization. The stock reached a record high of ₹194 per share, rising 3% from the previous close. Only the State Bank of India has achieved th

The Indian government has announced an Offer for Sale (OFS) of 92.44 lakh shares of Coal India, representing 0.15 percent equity stake. This move marks the second OFS by the company this month. Eligible employees will have the opportunity to pur

The government has been raising money through the issue of sovereign gold bonds (SGBs) since 2016 and it has been fairly successful. These are bonds backed by gold and offers investors an opportunity to participate in gold as a financial security. Su

ITC has been one of the top performing stocks this year and that has reflected in the stock price too. It has been one of the best performers on the Nifty since the start of the current calendar year. But that is not the real story. According to a no

Does a bonus issue impact the F&O contracts in terms of contract size and the contract price. Obviously it would. In a bonus what happens is that the company draws on the free reserves of the company and converts them into free bonus shares for t

When the Fed statement was presented by the US Federal Reserve late on 14th June 2023, the expectations were already quite high about a pause in interest rates. That is exactly what the Fed announced. Fed called a halt and maintained the interest rat