Life Insurance Corporation (LIC) of India has seen a remarkable upswing in LIC share price over the past week. Following a challenging period for insurance stocks, LIC shares have bucked the trend, gaining 11% over six successive sessions. Stock market experts attribute this surge to two primary catalysts: regulatory developments in the insurance sector and ...
Bengaluru Stock Scam, Engineer Loses ₹91 Lakh in Fake Market A 39-year-old software engineer from Bengaluru, identified as Ranjan (name changed), fell victim to an elaborate stock market scam, losing a staggering ₹91 lakh. The fraud, executed via fake trading apps and promises of massive returns, underscores the alarming rise of financial scams in India. ...
Rakesh Jhunjhunwala Portfolio 2024; Top Stocks and Insights The Legacy of Rakesh Jhunjhunwala Rakesh Jhunjhunwala, often called the “Warren Buffett of India,” left behind a formidable legacy in the Indian stock market. Known for his sharp investment acumen, he built an empire from humble beginnings, turning a mere ₹5,000 into billions. Though he passed away ...
Rekha Jhunjhunwala Multibagger RPEL Stock Falls, Real Bonus Adjustment A Multibagger Stock ‘Fall’ Misunderstood Investors were taken aback today as Raghav Productivity Enhancers Ltd (RPEL), a stock from Rekha Jhunjhunwala’s multimillion-dollar portfolio, displayed a 50% drop on trading platforms. However, this decline is not a real loss but a reflection of the adjustment due to ...
The Big Bull’s Fall: Harshad Mehta and the 1992 Stock Market Scam The Rise of the Big Bull Harshad Shantilal Mehta, widely recognized as “The Big Bull,” was a key figure in transforming the Indian stock market during the late 1980s and early 1990s. Starting his career as a small-time stockbroker, Mehta gradually gained an ...
Indian stock market rebound; Benchmark Indices Recover Ground Optimism The Indian stock market rebounded strongly on Friday after facing heavy selling pressure during Thursday’s trading session. The S&P BSE Sensex climbed 786.37 points, or 1%, to 79,830.11, while the NSE Nifty50 gained 232.25 points to reach 24,146.40 by 1:25 PM IST. Key sectors such as ...
FPI outflows; Domestic Stock Market Face Persistent Selloff Challenge The Indian stock market is grappling with unrelenting foreign portfolio investor (FPI) outflows, as Thursday’s trading session witnessed a massive selloff of Rs 11,756.25 crore. According to data from the National Securities Depository Limited (NSDL), net FPI flows for the calendar year 2024 have turned negative, ...
HDFC Bank Record High Stock Hits, Market Cap Exceeds ₹14 Lakh Crore HDFC Bank, one of India’s largest private-sector lenders, is on an extraordinary winning streak, achieving a record high for the fourth consecutive session. On Thursday, November 28, the banking heavyweight hit ₹1,836.10 per share, its highest-ever valuation, propelling its market capitalization beyond the ...
Bitcoin Crosses $95K as Crypto Market Sentiment Hits ‘Extreme Greed’ The cryptocurrency market witnessed a robust recovery on Thursday, with Bitcoin (BTC) surpassing the $95,000 mark, reflecting a 24-hour gain of 2.95%. Altcoins, including Ethereum (ETH), Solana (SOL), and Ripple (XRP), followed suit, landing mostly in the green. The overall market sentiment, measured by the ...
Paytm Stock Hits 52-Week High as UBS Revises Target Price to ₹1,000 Shares of One97 Communications, the parent company of digital payments giant Paytm, soared to a 52-week high on November 28, driven by renewed investor confidence and a significant target price revision by global brokerage firm UBS. The fintech stock climbed to an intraday ...
