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Business, IPO WatchBSE SME, BUSINESS BYTS, IPO, sensex

Business Byts:The growth story of BSE SME platform that generated magnificent returns in last one year.

BSE SME IPO Index has given a massive return of over 255% to the investors in the past 1 year, beating BSE Smallcap Index with a large periphery, which has given a return of over 95% during the same period. Launched in 2012, the BSE SME platform has listed 343 SMEs till date, out of which 112 have migrated to the BSE main board. A total of over Rs. 3,500 crore has been raised by SME Companies from the BSE SME platform, providing them with required equity…

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India, Sensexsensex

Sensex breaches 50,000-mark for first time ever

Sensex created history on Thursday, by rallying over 300 points to hit the 50,000-mark for the first time ever in early trade. Healthy buying was witnessed in auto and telecom stocks. A positive trend in the global markets also supported the indices on Thursday. After touching a lifetime high of 50,126.73, the 30-share BSE index was trading 300.09 points or 0.60 per cent higher at 50,092.21 in opening deals. Similarly, the broader NSE Nifty surged 85.40 points or 0.58 per cent to trade at 14,730.10. It too…

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Economy, Indianifty, sensex

Indices scale fresh highs, Sensex zooms 350 points, Nifty tests 12,750; autos, pharma cos rally

The benchmark equity indices on the BSE and National Stock Exchange (NSE) continued their bull run and surged to their fresh highs during the early trade on Wednesday aided by positive cues in global market. At 9:41 am, the S&P BSE Sensex was at 43,638.87 — its new record high, up 361.22 points (0.83 per cent), while the broader Nifty 50 was up 117.10 points (0.93 per cent) at a fresh high of 12,748.20. Both the indices had opened around 0.3 per cent higher and inched up…

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Business, CompaniesBANK NIFTY, BSE, nifty, NSE, sensex

Green Signal makes Sense Bullish: New All Time High on Cards.

The market remained in a strong uptrend with the benchmark indices hitting fresh record highs on November 10, backed by banking and financials and consistent FII inflow. Positive global cues following further progress on the COVID vaccine front also lifted sentiment.The BSE Sensex surged 680.22 points or 1.60 percent to end at a record closing high of 43,277.65, while the Nifty50 rallied 170.10 points or 1.37 percent to 12,631.10 and formed a bullish candle on the daily charts. The indices climbed over 8 percent in seven consecutive…

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Business, IPO WatchBae, BSE, Happiest Minds IPO, NSE, sensex

Happiest Minds becomes eigth biggest IPO of decade

To say Happiest Minds Technologies' initial public offering was a hit on D-Street would be an understatement. The Rs 702-crore public issue was subscribed 150.98 times, making it the eighth biggest IPO of the last decade. The IPO of the Mumbai-headquartered digital IT services provider was subscribed 351.5 times by non-institutional investors and 77.4 times byQualified Institutional Buyers (QIB) during September 7-9. Retail demand for the issue was strong as well, garnering 70.94 times subscription. Salasar Techno Engineering currently holds the spot for the most subscribed IPO of the last decade, notching 277.28 times subscription…

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EconomyIndia China Standoff, sensex

Sensex plunges 634 pts; Nifty cracks below 11,350

Domestic equity benchmark Sensex crashed 634 points on Friday, tracking losses in index majors Reliance Industries, HDFC and Infosys amid a selloff in global equities. The 30-share BSE index ended 633.76 points or 1.63 per cent lower at 38,357.18. The NSE Nifty plunged 193.60 points or 1.68 per cent to close at 11,333.85. Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank. On the other hand, Maruti finished with…

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Business, Economy, Indianifty, sensex

Sensex surges 622 pts; HDFC rallies over 5 pc

Equity benchmark Sensex rallied 622 points on Wednesday, propelled by gains in index-heavyweights HDFC twins and Reliance Industries despite weak cues from global markets. The 30-share index settled 622.44 points or 2.06 per cent higher at 30,818.61, while the NSE Nifty rose 187.45 points, or 2.11 cent, to end at 9,066.55. HDFC was the top gainer in the Sensex pack, surging over 5 per cent, followed by M&M, L&T, Tata Steel, Bajaj Finance, HDFC Bank and Sun Pharma. On the other hand, IndusInd Bank, Hero MotoCorp, Bharti…