Whirlpool of India’s stock declined sharply by more than 10 percent today, touching intraday lows near ₹1,041, even though broader markets were trading at record levels. The fall is driven by a major promoter-level transaction along with pressure from recent financial performance. Key Reasons for the Fall 1. Large Promoter/Block Deal Sale A major trigger for today’s decline is a large block deal where around 1.5 crore shares—approximately 11.8% of the company’s equity—changed hands.Such sizable
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27November
Sensex and Nifty Hit All-Time High: Markets Surge on Strong Sentiment and Broad-Based Buying
The Indian stock market touched historic levels today as both the Sensex and Nifty rallied to fresh all-time highs, driven by strong domestic flows, robust macro indicators, and upbeat global cues. Investor confidence remained firm across sectors, with heavyweights leading the charge while midcaps and smallcaps also participated in the broader rally. What Triggered the New Market Highs? 1. Strong Domestic Fundamentals India’s macroeconomic stability—controlled inflation, improving GDP data, and resilient corporate earnings—is supporting market
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26November
Rapido Claims Leadership Over Uber in Bike Taxi Space; IPO Expected Within Two Years, Says CFO
Rapido has announced that it has surpassed Uber in the bike taxi category and is now preparing for a public market debut within the next two years, according to its Chief Financial Officer. The company highlighted strong user growth, expanded geographic coverage, and enhanced service adoption as key drivers behind its market position. Rapido’s Growth Momentum Rapido has experienced rapid expansion across major urban and semi-urban markets, supported by: Increased demand for affordable short-distance mobility
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The Indian market witnessed a day of mixed sentiment on November 26, with sharp movement across key index constituents, mid-cap names, and high-beta counters. Several stocks posted strong gains driven by volume spikes, sector rotation, and momentum buying, while some others faced selling pressure due to profit-booking, weak earnings sentiment, and valuation concerns. Top Gainers of the Day Reliance Power Reliance Power surged sharply as traders accumulated positions amid improving outlook in select energy counters
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The Reserve Bank of India (RBI) Governor has suggested that current macroeconomic indicators indicate room for a potential repo rate cut, renewing discussions across financial markets, lending sectors, and economic observers. With inflation easing and growth stability holding firm, market participants are evaluating how monetary policy may shift in the coming months. Economic Factors Supporting Possible Rate Easing Moderating Inflation Levels Recent inflation data has softened, reducing pressure on restrictive monetary policy and improving policy
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