Tuesday, 25 June 2024
Trending
Stock Market

Around 22,000 Nifty, 430 points are lost on the Sensex

  • Brent crude oil futures dropped 38 cents, or 0.4%, to $85.04 a barrel at 0751 GMT.
  • With a target price of Rs 555 per share, Morgan Stanley sees Paytm as an equal-weight call.
  • NCCIHL has committed to paying TAQA Rs 175 crore over three installments.

The International Energy Agency revised its 2024 oil demand predictions higher, and the unexpected reduction in U.S. stockpiles helped to keep oil prices from falling too much on Friday, as they were still predicted to rise by about 4% for the week.

Following Thursday’s first crossing of $85 per barrel since November, Brent crude oil futures dropped 38 cents, or 0.4%, to $85.04 a barrel at 0751 GMT. At $80.91, U.S. West Texas Intermediate (WTI) crude dropped 35 cents, or 0.4%.

Sensex and Nifty

With a target price of Rs 555 per share, Morgan Stanley sees Paytm as an equal-weight call. After a brief rally the previous day, the larger market saw losses again on March 15. This was due to investors selling small and midcap stocks when mutual funds started disclosing the results of stress tests.

In recent weeks, mid-cap and small-cap stocks have suffered as a result of worries about inflated valuations and the Securities and Exchanges Board of India’s (SEBI) scrutiny of mutual funds that serve the industry.

The Himachal Sorang Power Project arbitration award(s) and the payments payable under them have been settled by NCCIHL with TAQA India Power Ventures (TAQA) and Himachal Sorang (HSPL). NCCIHL has committed to paying TAQA Rs 175 crore over three installments.

With a target price of Rs 555 per share, Morgan Stanley sees Paytm as an equal-weight call. After a brief rally the previous day, the larger market saw losses again on March 15. This was due to investors selling small and midcap stocks when mutual funds started disclosing the results of stress tests. In recent weeks, mid-cap and small-cap stocks have suffered as a result of worries about inflated valuations and the Securities and Exchanges Board of India’s (SEBI) scrutiny of mutual funds that serve the industry.

The Himachal Sorang Power Project arbitration award(s) and the payments payable under them have been settled by NCCIHL with TAQA India Power Ventures (TAQA) and Himachal Sorang (HSPL). NCCIHL has committed to paying TAQA Rs 175 crore over three installments.

Shares of Aurobindo Pharma traded down about 2% to Rs 993.85 at 12.30 pm on the NSE on March 15, following concerns over procedural and hygienic conditions at the company’s Telangana subsidiary, Eugia Pharma SEZ plant, brought up by the US Food and Drug Administration.

On March 13, the Bombay Burmah Trading Corporation was subject to a search by the Assistant Commissioner of State Tax, Mumbai, in accordance with the Maharashtra Goods and Services Tax Act.

Related posts
Stock Market

Sensex and Nifty Show Mixed Trends as Auto and FMCG Stocks Lead Gains

Sensex stabilizes, up by 33.15 points; Nifty marginally increases by 5.50 points. Adani Ports…
Read more
Stock Market

Market Outlook: Volatility Ahead with Expiry and Budget Speculations

Markets closed with slight gains despite volatility. Sector rotation included banking, sugar, and…
Read more
Stock Market

Global Markets Brace: Impact of Elections on Financial Stability

Recent elections in France and India triggered significant stock market volatility. Bond markets…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

Stock Market

Despite efforts to support markets, Chinese shares plunge

Worth reading...