Business News Archives - Page 3 of 3

Stock Market: Market troubled by war, Sensex falls by more than 1,000 points, Nifty also collapses

India’s stock market began trading on Monday with a strong fall, contrary to all expectations. Following a decline of over 1,000 points, the Sensex dropped below 55,000 points.

Related Post – Buy Youtube Subscribers India Cheap {100% Real}

On Monday, investor confidence was shaken again by the Russia Ukraine War, and they began selling. The Sensex opened at 55,329, down 530 points, and the Nifty opened at 16,481, down 177 points.

The decline doubled within 10 minutes

A trading session began in the market, and not even 10 minutes passed before the selling increased. 9.31 am: Sensex falls twice from the opening session and starts trading at 54,840 with a loss of 1,018 points. Similarly, Nifty dropped 290 points to 16,368.

Investors are not betting on this

Except for metal, all other sectors are declining on the BSE. Auto, Bank, FMCG, IT, Realty, Pharma, and PSU Bank all showed a decline of more than 1%. The shares of Future Group are seeing a growth of 6 to 15 percent.

In contrast, Asian markets open on the edge

Asia’s stock markets began trading Monday with an increase on most exchanges. There is a gain of 0.36 percent on the Singapore exchange and 0.40 percent on Japan’s Nikkei. In addition to this, trading is taking place with a gain of 0.33 percent on the Taiwanese market and 0.40 percent on the South Korean exchange. Indian investors see a big impact from Asian markets.

Related Post – Canada Local Business Listing Sites

Share Market News: Share market collapsed, Sensex fell by 1,814 points and Nifty broke more than 500

Thursday (24 Feb 2022) was marked by a stock market collapse. The Sensex and Nifty started trading with big declines. Global markets are also under pressure because of the Russia-Ukraine crisis.

After the market opened, the Sensex dropped 1,814 points and opened at 55,418.45, down from 56 thousand. Additionally, Nifty also started trading at a loss of 514 points and opened below 17k at 16,548.90. Investing in bumpers was seen on both exchanges. As of 9.25 am, the Sensex was trading at 55,743, down 1,448 points. At 16,444, the Nifty was also trading 419 points lower.

Red mark on all sectors

On the BSE and NSE, there are declines in all sectors. Stocks in the auto, bank, FMCG, oil & gas, IT, energy, and real estate sectors are trading at losses of 2 to 4 percent. Midcap and smallcap stocks have also fallen up to 3 percent on the BSE. The Nifty Bank stocks have also fallen by 4 percent.

The Asian markets open with losses as well

During the Asian market opening on February 24, traders started trading with a fall. Singapore’s stock exchange opened with a loss of 1.65 percent and Japan’s with a loss of 1.12 percent. On top of this, there was a decline of 1.18 percent on the Stock Exchange of Taiwan and a fall of 1.72 percent in South Korea. Investors in India will definitely be affected by the fall in Asian markets.

Stock market continues to fall, Sensex fell by 1,500 points, Nifty also fell below 17,000

Stock Markets Updates: Monday is another day of decline in the domestic stock market. This week has started with a decline for both benchmark indices. In early trading, the BSE Sensex fell up to 1,500 points, reaching 57,000. Nifty also declined below 17,000 points around the same time.

Related Post – Instagram Content Ideas for Business

A drop of over 1,500 points in early trade brought the Sensex below the 57,000 mark. The Nifty index lost more than 450 points at the same time. Stocks fell up to 2% today on the domestic market. All the sectoral indices on Dalal Street were moving in red today. Bank and financial stocks saw the biggest decline.

Russia-Ukraine tensions are also affecting global markets. Japan’s Nikkei index fell 2 percent as well. There was also a boom in the crude oil market. The crude oil price for Brent climbed 1 percent to $ 95 per barrel.

Sensex companies collectively lost Rs 1,03,532.08 crore in market capitalization last week, according to last week’s trading figures. TCS (Tata Consultancy Services) suffered the biggest loss. Only Reliance Industries increased its market capitalization among the top 10 companies. The company’s market value rose by Rs 30,474.79 crore to Rs 16,07,857.69 crore. However, the market capitalization of TCS declined by Rs 44,037.2 crore to Rs 13,67,021.43 crore.

Related Post – Does changing WordPress Theme Affect SEO Results

Share Market Update: Strong opening of the market, Nifty above 17,200

On Tuesday, the Indian stock market is off to a good start. The Nifty opens up more than 50 points higher. The Nifty is trading above 17,200 points. Around 57,870 points have been gained by Sensex today. About 100 points have been added to the Bank Nifty.

MPC meeting today on credit policy

The MPC will meet for three days on credit policy starting today. After tomorrow, on February 10, the policy will be announced. MPC bankers and economists have suggested that REVERSE REPO RATE may increase.

Adani Wilmar IPO

Adani Wilmar Limited, one of the country’s largest FMCG (fast-moving consumer goods) companies, is undergoing an initial public offering (IPO) on the BSE and NSE tomorrow, i.e., February 8. It is believed that shares of Adani Wilmar will enter the stock market at a 15% premium to its issue price due to the company’s dominant position in the branded edible oil industry, its steady growth in the packaged food business, diversity of products, good financial data, and good brand, among other factors.

Today’s result is 8 February

Bharti Airtel, IRCTC, Bata India, Jindal Steel & Power, Bajaj Electricals, Ajmera Realty & Infra India, Aster DM Healthcare, Astrazeneca Pharma, Borosil Renewables, Data Patterns (India), Endurance Technologies, Escorts, Glenmark Life Sciences, Godrej Consumer Products, Granules India, Gujarat Gas, HeidelbergCement India, Indraprastha Gas, Jammu & Kashmir Bank, Jagran Prakashan, J Kumar Infraprojects, JK Paper, Kolte-Patil Developers, Latent View Analytics, Mahanagar Gas, NCC, NMDC, Praj Industries, Redington (India), RITES, Stove Kraft, Suven Pharmaceuticals, and Tata Teleservices (Maharashtra) Today, the company will announce its quarterly results.

The global market is showing positive signs. Asia is off to a strong start. The SGX NIFTY is trading up about a quarter percent. Yesterday, the US markets closed mixed. Today, DOW FUTURES are slightly higher.

Paytm stock fell to Rs 910, heavy fall in stock market for 5th consecutive day

Amidst all-around selling, the stock market has declined for the fifth consecutive day. The Sensex fell more than 550 points after the market opened on Monday. In the meantime, Paytm’s investors’ plight is not improving. Paytm’s share price fell further to Rs 910 on Monday.

Paytm’s stock hits new record lows

Shares of Paytm’s parent company One97 Communications Ltd were trading 4.37 percent lower at Rs 917.95 at 10:15 am. A new 52-week low of Rs 909.05. was reached as a result of this. Paytm’s stock has been steadily declining since it was listed in the market after its recent IPO.

One month drop of 33%

Ever since the company entered the open market after its recent IPO, it has been losing money. It was the first time that Paytm‘s stock fell below Rs 1000 last week. Paytm’s stock fell by more than 33 percent during the last month.

Macquarie’s prediction is about to come true

Macquarie Securities India has recently set a new target price of Rs 900 for Paytm. Since it continues to decline, it seems that the firm’s estimate could be accurate. Macquarie is the first brokerage company to place a target price below Rs 1,200 on Paytm’s stock.

More than 57% has been lost by investors

Paytm’s parent company One97 Communications went public on 18 November 2021. The issue price was Rs 2,150. On the day of listing, there was a big fall in the stock. It fell to Rs 1,961.05. Since then, the stock price of the company has not reached the listing price. The investors who have invested in the IPO so far have lost more than 57 percent compared to the issue price.

Kolkata’s salon owners say a entire closure will harm but hopefully this will stop a rising Covid

Kolkata News: The total closure of salons, spas, and beauty parlors from Monday has been met with mixed reactions. This restriction is a step in the right direction, even if some salon owners would prefer a partial closure.

Related Post – How to Apply Makeup Like a Pro if you are a beginner

Vedic Village Sanjeeva Ayurveda Center’s front office supervisor, Soma Santra, says they won’t only accept relaxation-seeking guests. As a result, the number of people will significantly decrease. We will follow the restrictions imposed by the government and reopen only when instructed,” Santra said.

In addition, Anjali Sambtani, the owner of Juice Salon in Alipore and Rowland Row, will follow suit. “In any case, there weren’t too many clients since people were apprehensive. It is a body blow for us to be restricted in this way. It’s only consolation to know that with such a measure, we can hopefully return to normal soon. It would be nice if we could run with 50% occupancy, she said.

Founder of a beauty parlor since 1992, Sharmila Singh Flora, a loyal patron had asked her last year, during the lockdown, to reopen her parlor.

An immediate pedicure was needed by a diabetic patient. Getting a haircut was necessary for older people. The shutters are to be taken down, but the rear entrance to the salon will remain open. Having refused, we made sure that protocol was followed when we reopened. There should have been steps taken long ago to control the crowd because it has been out of control again. I wish the government recognized the plight of foot soldiers, but I know owners will survive. A partial closure of some salons would have been better,” she said.

There is a chance to increase calls for those who offer beauty services in their homes. “We must take care of our families and pay our bills. My hope is that my clients will call me now that parlors are closed,” said beautician Rakhi Sarkar.

News Sources

Share Market News: The market recovered from the initial fall, Nifty crossed 17 thousand

Share Market News: The fear of a third wave of the Corona epidemic has grown in the wake of increasing Omicron incidents. The market fell upside down as soon as it opened on Monday. A one percent loss was seen in both the Sensex and Nifty in early trade.

Related Post – 5 Things to Keep in Mind While Buying a Wedding Lehenga

Both Sensex and Nifty remain near the red marks from the pre-open session. The Omicron pressure dominates the market. After the opening, Sensex was trading around 56,650 points, down one percent. Nifty was also down about one percent below 16,850.

During trading, the market made a comeback to some extent. By 11 o’clock in the afternoon, the Sensex had declined by about 70 points and the Nifty by about 30 points. Tech companies remain bullish, which has curbed the decline in the market to some extent. At 12 o’clock, the market returned to its green mark. The Sensex was up by about 100 points and the Nifty was trading beyond 17,000.

Over the past few years, Omicron cases have increased exponentially around the world. In view of this, many states have one after another returned to the path of restrictions. In many countries, Omicron cases exceed Delta cases. Investor sentiment has been affected as a result. A majority of Asian markets are in decline today.

The Sensex fell 190.97 points (0.33 per cent) to 57,124.31 on Friday, while the NSE Nifty fell 68.85 points (0.40 per cent) to 17,003.75. Last week, the market was bullish on three out of five days. The week started with a big fall on Monday, when many indices dropped by over two percent. There was a bullish phase in the market for three consecutive days after that, but it was controlled on the last day.

Over the weekend in China, the new cases of Covid-19 saw such a rapid increase after 21 months. Chinese city Xian is the new hotspot of Covid. In trading on Monday, Japan’s Nikkei fell 0.20 percent and South Korea’s Kospi declined 0.11 percent. The Shanghai Composite declined up to 0.40 percent during trading. Monday was a holiday for Hang Seng in Hong Kong.

Related Post – Best Site to Buy Instagram Followers in India