
MARKET MAYHEM CONTINUES
From their life highs in January, the Nifty 50 and BSE Sensex plunge 23.51% and 23.14%, respectively, on Thursday as oil price war escalates and WHO declares the Coronavirus outbreak a pandemic.
From their life highs in January, the Nifty 50 and BSE Sensex plunge 23.51% and 23.14%, respectively, on Thursday as oil price war escalates and WHO declares the Coronavirus outbreak a pandemic.
It wouldn’t be hyperbole to call Warburg Pincus a rough-weather friend for Indian entrepreneurs. Over 25 years, the private equity firm has shown its willingness to ride out the storm.
A total of 1,132 NSE-listed companies spent ₹11,961 crore in FY19, an increase of 1.82 times over FY15, according to nseinfobase.com.
The state-owned infrastructure lender sold its stake in the National Stock Exchange for ₹805.60 crore. The stake sale values the country’s largest stock exchange at around ₹40,000 crore.
In 44 trading days, benchmark indices Sensex and Nifty fell 7.82% and 9.03%, respectively, while the midcap and smallcap indices hit 52-week lows on August 2.
Indices see biggest single-day fall in four years in first full trading day after the Union Budget was unveiled. The BSE Sensex closed 907 points lower, while NSE’s Nifty50 slipped 207 points.
SEBI has loudly sent out a message that the integrity of capital markets is sacrosanct for the development of the Indian economy.
With crores of rupees in investor wealth wiped out in the past few weeks, global brokerage firm’s CEO Steven Birch says relief could still be some distance away.
At the World Federation of Exchanges’ 58th general assembly and annual meeting in Athens, NSE’s Vikram Limaye was chosen for the post.
The stock exchange said it is conducting tests to use the new-age technology for the e-voting process of listed companies.