Latest Stock Market News

BNP Paribas Arbitrage Fund today sold 475,000 shares of Home First Finance at Rs. 575.2 apiece through a bulk deal on the National Stock Exchange.

As of June this year, the value of FII investment was only $592 billion, which means that as the market rallied frenetically, their holding value jumped by $38 billion even though their net incremental investment was almost nil between this period.

The company plans to strengthen its presence in Bangalore and enter the Hyderabad market with an initial investment of Rs 1500 crore. These two markets will contribute 35 per cent, while Chennai will contribute 65 per cent of its total revenue.

Upon delisting of its ADS program, the company will concentrate all trading of its equity shares on BSE Ltd and the National Stock Exchange of India Ltd in India (NSE), the filing said.

For the bears that were counting on the Evergrande crisis to blow up and initiated short positions in Nifty50 and Nifty Bank’s September contracts, the overnight developments were bad news. Today, those short positions were covered hurriedly, causing a mild short squeeze in banking stocks.

Pattern analysis showed after a minor violation of the basing point near the 17 350-17,400 zone, Nifty has rebounded on its way to a fresh high.

The Dow Jones Industrial Average rose 37.98 points, or 0.11 per cent, at the open to 34,296.30.

The country’s largest real estate developer soared over 9 per cent as the maniacal buying in real estate stocks continued in the hope of a multi-year ‘supercycle’ for the sector.

As of 30-Jun-2021, promoters held 38.2 per cent stake in the company, while FIIs held 19.17 per cent and domestic institutional investors had 2.6 per cent.

One was the launch of Jio and the second was UPI transactions, micro transaction infrastructure. 2017-2018 was a pivotal period for Indian gaming to take off. Covid accelerated some of those trends especially in e-sports where more participative foundation tournament people started playing.