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Hindalco Industries Ltd Surges 3.25%, S&P BSE Metal index Gains 1.7%

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Hindalco Industries Ltd has added 12.39% over last one month compared to 9.56% gain in S&P BSE Metal index and 0.04% drop in the SENSEX BSE Hindalco Industries Ltd gained 3.25% today to trade at Rs 595.65. The S&P BSE Metal index is up 1.7% to quote at 22107.64. The index is up 9.56 % over last one month. Among the other constituents of the index, Jindal Steel & Power Ltd increased 2.4% and Vedanta Ltd added 2% on the day. The S&P BSE Metal index went up 59.29 % over last one year compared to the 15.95% surge in benchmark SENSEX. Hindalco Industries Ltd has added 12.39% over last one month compared to 9.56% gain in S&P BSE Metal index and 0.04% drop in the SENSEX. On the BSE , 54747 shares were traded in the counter so far compared with average daily volumes of 5.58 lakh shares in the past one month. The stock hit a record high of Rs 623.1 on 07 Mar 2022. The stock hit a 52-week low of Rs 305.4 on 25 Mar 2021. Read More :  https://www.business-standard.com/arti...

Trade Spotlight | What should investors do with BSE, Pidilite Industries, Oberoi Reality on Friday?

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BSE Trade On the short term time frame,  BSE  Limited has formed strong price volume breakout pattern. The texture of the pattern suggests breakout action will continue in the near term if stock succeeds to trade above Rs 2,400 level. Bulls maintained their dominance over the Dalal Street for third straight session on March 10, helping the market register 1.5 percent gain with support from declining oil prices, BJP's win in four out of five states elections and positive global cues. The benchmark indices closed off day's high as they had rallied 3 percent intraday before seeing profit booking at higher levels. The  BSE  Sensex jumped more than 800 points to close at 55,464, and the Nifty50 climbed nearly 250 points to 16,595 driven by sharp uptrend in banking & financials, auto, metals, and FMCG stocks. The positive momentum was also seen in broader space as the Nifty Midcap 100 index rose 0.91 percent and Smallcap 100 index soared 1.4 percent. Stocks that were i...

BSE chief may apply for NSE job

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Last week, the country’s largest stock exchange had invited applications for a new CEO Ashishkumar Chauhan, the present chief of  BSE , is likely to apply for the post of managing director and CEO at rival NSE.                                                            Ashishkumar Chauhan. Last week, the country’s largest stock exchange had invited applications for a new CEO. The term of current CEO Vikram Limaye ends on July 16. Limaye is not interested in pursuing a second term and, therefore, he will not participate in the process. Listing out the eligibility criteria, the NSE notice stated that the candidate must have a track record of strengthening corporate governance, enterprise risk management and compliance management framework. Candidates should have at least 25 years of experience or domain knowledge in various aspects of c...

BSE extends rally, zooms 52% in 10 days; stock hits record high

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At 10:08 am, the stock traded 6.5 per cent higher at Rs 2,789 as against a 0.5 per cent gain on the Nifty50 index. In the past 10 trading sessions, the stock has zoomed 52 per cent, as compared to a 2.5 per cent rise on the benchmark index. In the past one week, the market price of BSE has rallied 35 per cent after the company fixed March 22, 2022, as the record date for the purpose of determining the names of shareholders who shall be entitled for allotment of bonus equity shares in the ratio of 2 new fully paid-up equity shares of Rs 2 each for every 1 fully paid-up equity share held by the shareholders of the company. BSE Stock Market The board of directors of BSE on February 8, 2022 had approved issue of bonus shares in the ratio of 2:1. ​In the past six months, the stock price of BSE has more-than-doubled or has advanced 123 per cent on the back of strong operational performance. In comparison, the Nifty50 index was down 5 per cent. On a one-year time-frame, the stock has skyroc...

Market Highlights: Sensex tanks 769 points, Nifty settles below 16,250-mark

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Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 54,333.81, down 768.87 points (1.40 per cent), while the Nifty 50 settled at 16,245.35, down 252.70 points (1.53 per cent). Share/Stock Market Highlights: The benchmark equity indices on BSE and National Stock Exchange (NSE) fell for the third straight day, ending over 1.4 per cent lower on Friday tracking a weak trend in global equities amid escalating tensions between Russia and Ukraine. A man looks at s screen displaying budget news in Mumbai. The S&P BSE Sensex fell 768.87 points (1.40 per cent) to settle at 54,333.81 while the Nifty 50 slipped 252.70 points (1.53 per cent) to end at 16,245.35. Both the indices had opened over 1 per cent lower and slipped further during the intraday trade with the Sensex slipping to 53,887.72 while the broader Nifty hit an intraday low of 16,133.80. On the Sensex pack, Titan Company, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra (M&M) and Hindustan Unilev...