Mamata Machinery IPO Receives Overwhelming Response The Mamata Machinery Limited IPO, launched on December 19, 2024, has garnered significant attention from investors in the Indian primary market. With bidding open until 5:00 PM on December 23, 2024, the public issue has already been oversubscribed by 37.75 times in just two days. The company, a key…
A Brutal Week on Dalal Street The Indian stock market recorded its steepest weekly fall in two years, driven by global concerns and domestic challenges. The Sensex plunged over 5%, shedding more than 1,000 points in three out of five trading sessions, while the Nifty 50 slipped below its 200-day exponential moving average (DEMA). This…
Introduction: A Turbulent Week for Indian Markets The Indian stock market faced a significant downturn this week, with the Sensex plunging over 4,000 points and the Nifty 50 slipping below its crucial 200-day exponential moving average (DEMA) of 23,700. On Friday, December 20, 2024, the Sensex opened at 79,335.48 but dropped over 1,200 points to hit a low of 77,972.68, while the Nifty 50 fell nearly 400 points to 23,565. With heavyweights such…
Introduction: A Stellar Surge for K E C International On December 20, 2024, KEC International made waves in the stock market as its share price surged by 4.09%, reaching an impressive intraday high of ₹1248.45. This growth forms part of a broader upward trend, with the stock gaining 7.4% in the last three days and an outstanding 25.33% over the past month. In contrast,…
Introduction: SJVN’s Recent Market Performance SJVN Limited, a key player in the power generation sector, has drawn attention due to its recent share price fluctuations. On December 20, 2024, the SJVN share price closed at ₹113.97, marking a slight decrease of ₹0.30 or 0.26% from the previous session. This article analyzes the market dynamics, financial…
Cipla’s Recent Bullish Surge Cipla Limited, one of India’s leading pharmaceutical companies, showcased a bullish trend on December 19, 2024, as its share price surged by 2.37%. The stock is currently trading at ₹1505.85, reflecting growing investor confidence and positive market sentiment. This notable uptick highlights Cipla’s resilience amidst market fluctuations, positioning it as a…
Syrma SGS Stock Rebound On December 19, 2024, Syrma SGS Technology made headlines as its share price surged by 6.17%, closing at ₹629.80. This recovery comes after a period of volatility, marking renewed investor interest and optimism around the stock. With strong fundamentals and strategic developments, Syrma SGS Technology has solidified its position as a…
A Major Downturn Shakes Indian Markets On December 19, 2024, the Indian stock market experienced a severe downturn, with the Sensex plunging nearly 1,200 points and the Nifty 50 dropping below the critical 24,000 mark. This significant crash was primarily triggered by global economic concerns, particularly the US Federal Reserve’s hawkish stance on interest rate…
In a stern message to Ola employees on December 17, CEO Bhavish Aggarwal criticized poor attendance across the company, urging a renewed commitment to professionalism and discipline. The message, which has since gone viral on social media, highlights Aggarwal’s disappointment with employee absenteeism and addresses excuses regarding the company’s facial recognition attendance system. The CEO’s…
The Indian stock market has been in turmoil this December, dashing investor hopes for a year-end rally. With Nifty and Sensex slipping for four straight sessions, the losses have amounted to a staggering Rs 10.5 lakh crore in investor wealth. Market experts attribute the downturn to hawkish commentary from the US Federal Reserve, which sparked…
