As the run-up to the world’s biggest democratic elections — 2019 Lok Sabha elections — has already begun with nearly 10 months left for India going to poll, the global investment bank Morgan Stanley has said that election cycle uncertainty will act against Indian stock markets.
Earlier in June 2018, Indian Space Research Organisation (ISRO) had announced that it will transfer its space-grade lithium-ion technology at a marginal cost of Rs 1 Crore
Aadhaar card: Calling the data storage system completely safe and secure,
Shares of Dr Reddy’s Laboratories have dipped 11% to Rs 2,070 per share on the National Stock Exchange (NSE) in early morning trade
Wholesale inflation (WPI) shot up to 5.77 per cent in June from 4.43 per cent in May, according to a government data published on Monday.
The benchmark indices are trading lower on Monday taking cues from their Asian peers.Among sectoral indices, the Nifty Pharma index is trading over 2.5% lower led by a fall in the shares of Dr. Reddy's Laboratories and Sun Pharmaceutical Industries.
The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming week to raise over Rs 140 billion.
Shares of Hindustan Unilever (HUL) hit a new high of Rs 1,770 per share, up 1.6% on the BSE in intra-day trade so far on Monday, ahead of its results for the June quarter (Q1FY19) later in the day.
Shares of Infosys hit a new high of Rs 1,384 per share, surging 6% on the BSE, in an otherwise subdued market after the company reported an in-line performance for the first quarter ended June 2018 (Q1FY19) and its board approved the issuance of one free share for every share held (that is a 1:1 bonus issue).
Shares of PC Jeweller hit an over two-year low of Rs 93.35 per share, falling 22% on the BSE in early morning trade after the company announced the withdrawal of proposed buyback offer due to the non-receipt of the NOC from the its bankers.