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Adani Wilmar Shares Plunge Nearly 8% as Adani Plans to Sell Stake
Adani Enterprises will raise over $2 billion that it will invest in core businesses such as energy and utilities.
Sensex Drops 964 Points as US Federal Reserve Adopts Hawkish Stance on Rate Cuts
Sensex closed at 79,218.05 down by 964.15 points, or 1.20 per cent, and Nifty settled at 23,951.70 down by 247.15 points, or 1.02 per cent.
Sensex Closes Lower Ahead of US Fed Rate Decision, Nifty at 24,198
Experts said that Indian market is experiencing a breakdown of the early Santa Claus rally with the impact being more pronounced in India compared to developed markets because of the rapid appreciation of the dollar.
Stock Market Crashes as Sensex Plunges Over 1,000 Points
On the other hand, the poor performance of big stocks also pulled down market indices.
Buy on Dips Strategy Proving Effective in Indian Stock Market Amid Strong Rebound
With inflation coming within the RBI's tolerance level and an expectation of further ease in food prices on account of seasonal corrections in vegetable prices, it could build up the expectation for ease in monetary policy in February," says Vinod Nair, Head of Research, Geojit Financial Services.
Top 50 Stocks' Share in Total Market Cap Hits All-Time Low: Report
The December edition of the DSP Netra report said, "Large-cap stocks are now at their smallest share of total market capitalisation. The share of the top 50 or top 10 stocks relative to the total market has hit an all-time low, presenting a rare opportunity for investors."
Vishal Mega Mart IPO Sees 51% Subscription on Day 1
The initial share sale received bids for 38.59 crore shares against 75.67 crore shares on offer, as per NSE data.
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