The current market rally, which has seen Sensex more than triple since COVID crash, did see some corrections. Unlike in the previous bull run, these dips have been shallow & short-lived.
The speculation comes after a decline of nearly 60% in the company's shares this year that has made it the worst performer and with the lowest stock price on the Dow index.
Sawhney Automobiles, registered under Resourceful Automobile, went in for a modest IPO of Rs 12 crore, but instead received bids 400 times that amount, totalling Rs 4800 crore by the time the issue closed.
Delhi-based bike dealership made many potentially business-disruptive disclosures in pre-IPO documents. But that didn't deter retail investors from oversubscribing by nearly 400 times.
Sensex ended at 80,429.04 points & Nifty at 24,479.05, both slightly lower than previous close. Many analysts had expected finance minister to keep long-term capital gains rate same.
Since 2014, the Modi government has been aggressively expanding access to banking services and encouraging participation in the stock market. Simultaneously, it has sought to substantially boost GST revenue.
The NSE Nifty 50 index fell by 30 points, to 24,300, while the BSE Sensex dropped 150 points to 79,841. Except Nifty 50, all other indices start trading with gain.
RBI said India’s rising retail participation in the F&O market may pose several challenges, and the stock of household debt is 'comparatively high' in relation to GDP per capita.
Fall in stock markets comes after they rallied more than 3% Monday, the first day of trading after the exit polls predicted a comfortable victory for BJP.
The stock market has seen significant election-related volatility. The finance and foreign ministers are going from pillar to post to ease the minds of businesses and investors.
In the centuries to come, economist Bibek Debroy's Mahabharata will attain the importance we attach to the texts of Shankara, Ramanuja, and Madhvacharya.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
Excellent analysis. We yet need to know how much of this was driven by individual retail interest Vs DFI