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Of 30 Index Stocks, 26 Close In Red At a time when global markets are witnessing high volatility due to geopolitical uncertainties, the hike in securities transaction tax (STT) on derivatives trades hit investor sentiment on Dalal Street on the Budget day. This in turn led to a sharp sell-off that pulled the sensex down…
MUMBAI: With foreign funds slowing down their investments into Indian equities in the last few years, their aggregate holding in Indian companies has come down to 16.9%, the lowest level seen in over 15 years. In contrast, at 10.9% holding, domestic mutual funds (DMFs) are now at a life-high level, a report by NSE said.Researchers…
Mumbai: LG Electronics India, the domestic arm of the Korea-headquartered LG Electronics, had a blockbuster listing on Tuesday with the stock gaining 50% on its debut over its IPO price. The stock listed at Rs 1,710, over its IPO price of Rs 1,140.The strong gain in the stock price gave LG Electronics India a market…
