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Ujjivan Financial Services share price zoomed 20 per cent to hit upper circuit at Rs 298.55 apiece on BSE after the Reserve Bank of India (RBI) released Internal Working Group (IWG) report related to the ownership of private sector banks. For the first time in 2013, RBI in its Guidelines for Licensing of New Banks in the Private Sector had prescribed several structural requirements of promoting a bank under a Non-operative Financial Holding Company (NOFHC). Read More

Vodafone Idea share price jumped as much as 4.6 per cent to Rs 9.70 apiece on BSE, a day after the struggling telecom firm informed the exchanges that it has sold its 11.15 per cent stake in Indus for a cash consideration of Rs 3,760 crore in accordance with the terms of the agreement. The telecom company also said that out of the consideration received from Infratel, the Vodafone Idea has made a prepayment of Read More

Gland Pharma shares have recouped and are again commanding a strong premium in the grey market, days ahead of its trading debut. The largest pharmaceutical initial public offering (IPO) that Indian markets have seen saw a tepid subscription with only Qualified Institutional Buyers (QIB) oversubscribing their portion of the issue while Non-Institutional Investors and Retail Investors distanced themselves from the IPO. Shares of Gland Pharma are expected to be credited to demat accounts tomorrow while Read More

As far as equity markets are concerned, there is not a single dull day as constant highs and lows keep investors in a busy mode. The recent recovery in the markets makes investors wonder about the future direction of the Sensex and Nifty. Let us discuss some of the recent indicators which will help the investors to make an educated guess about the future direction of the stock market. Market performanceOften stock market indices are Read More

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. News of potentially effective vaccines for COVID-19 has been countered by concerns over the logistical challenges of ensuring access to billions of people and over rising caseloads that are leading governments to re-instate restrictions on business and other activities to battle the pandemic. Vaccine trades reversed to give way to ‘stay home’ trades” as shares of Read More