GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Religare Enterprises surged more than 9 per cent on the bourses on Tuesday amid reports that the Reserve Bank of India (RBI) has cleared Burman family's open offer to acquire an additional 26 per cent stake in the company. According to reports, the RBI approval comes with conditions, including maintaining the existing management structure and not appointing new directors at this stage. The scrip of the company climbed 4.50 per cent to Rs 290.55 apiece on NSE. In intraday trade, it surged 9.5 per cent to hit its 52-week high of Rs 304.60 per share. On the BSE, it jumped 4.09 per cent to Rs 288.95 apiece. Later, it bounced 9.62 per cent to hit its 52-week high of Rs 304.30 apiece. Meanwhile, the 30-share BSE Sensex rose 91.20 points or 0.11 per cent to 81,599.66, while NSE Nifty went up 11.85 points or 0.05 per cent to 24,630.85. The RBI approval has a validity period of one year. While the clearance of the deal is a signifi...

[hfe_template id='11223'] [ad_1] Mumbai: India's equity indices soared 2.5% on Friday-the biggest single-day gain in five months-as traders rushed to cover bearish bets in an oversold market ahead of the Maharashtra state election results on Saturday. The bounce-back follows Thursday's 0.7% slump in the wake of the US indictment against Gautam Adani and others over corruption charges. Seven out of 11 Adani Group stocks recouped some of their losses on Friday. The NSE Nifty gained 2.4%, or 557 points, to close at 23,907. The BSE Sensex advanced 2.5%, or 1,961 points, to close at 79,117. The surge was also the third-biggest advance in a trading session in 2024 so far though money managers and analysts are sceptical about whether the renewed strength is here to stay. The occasions on which both indices gained more than they did on Friday were on June 3 after the general election exit polls and on June 5, after results were announced. Agencies Agencies IT and Banks ...

[hfe_template id='11223'] [ad_1] Mumbai: Indian equities stretched losses to the sixth straight session on Monday. Overseas investors accelerated sales of stocks and spirited buying support from domestic institutions failed to stem the slide. The sell-off in mid-cap and small-cap stocks was sharper on Monday as individual investors-among their biggest holders-grew nervous about prospects in the wake of the market's losing spree, the longest in a year. The NSE Nifty fell 0.87% or 218.85 points to close at 24,795.75. The BSE Sensex declined 0.78% or 638.45 points to close at 81,050. Both indices have slid nearly 5.3% in the past six days. The last time the Sensex and Nifty fell for six days in a row was in October 2023. Agencies DIIs Pump in ₹13,245 crore The six-day losing streak has eroded India's market capitalisation by ₹40 lakh crore to ₹452 lakh crore.Foreign portfolio investors (FPIs) dumped shares worth ₹8,293 crore on Monday, taking their total sales th...