Markets went crazy on Friday the 13 th and we had a reversal which is unparalleled in recent times. The benchmark indices hit the lower circuit of 10% and on reopening, they fell further briefly before they recovered not only the losses of 10% of the morning but closed in positive territory by about 4%. […]
Archive for the ‘General’ Category
With Market bottom in place, brace for some aftershocks
March 16th, 2020
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SBI Card and Payment Services Limited – issue subscribed 26.49 times
March 11th, 2020
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SBI Card and Payment Services Limited which had tapped the capital markets with its fresh issue of Rs 500 crs and an offer for sale of 13,05,26,798 equity shares was subscribed 26.49 times. The oversubscription was far below expectations and left a sour taste in the minds of over 18.54 lac shareholders of the parent […]
Will markets bottom out any time soon
March 11th, 2020
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After a tough and volatile week one expected markets to consolidate. Unfortunately, while in the first four days of the week they did exactly that, Friday saw yet another sell-off and caused markets to slip into the red. BSESENSEX lost 720.67 points or 1.88% at 37,576.62 points while NIFTY lost 212.30 points or 1.90% to […]
