All posts tagged: stock market news

SEBI cracks down on Rajesh Exports, bars promoter Rajesh Mehta, bars him from stock markets

SEBI cracks down on Rajesh Exports, bars promoter Rajesh Mehta, bars him from stock markets

Published by Webster

Gold refiner and jewellery manufacturer Rajesh Exports Ltd (REL) allegedly inflated its consolidated revenues by more than Rs 15 lakh crore over five years by attributing massive revenues to overseas subsidiaries, despite the subsidiary’s audited standalone financial statements showing only a fraction of those amounts, according to an interim order by Securities and Exchange Board of India (SEBI). Accordingly, SEBI  barred Rajesh Exports’ promoter and CEO Rajesh Mehta from dealing in the company’s securities, alleging large-scale misrepresentation of financial statements and diversion of funds. Rajesh Exports denied any financial irregularities, saying its revenues were correct and that there seemed to be a communication gap. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Sensex falls nearly 500 points as IT stocks drag indices down

Sensex falls nearly 500 points as IT stocks drag indices down

Published by Webster

Sensex and Nifty declined in early trade on Wednesday after a strong three-day rally, dragged by heavy selling in IT stocks. HCL Tech plunged nearly 9 per cent, while global uncertainties and FII outflows added pressure, keeping market sentiment volatile Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Russia Rattled As Oil Plummets To Over Trump Tariffs

Russia Rattled As Oil Plummets To $52 Over Trump Tariffs

Published by Webster

New Delhi: Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis should oil prices continue to plummet the way they are currently. Moscow has sounded the alarm as oil prices dropped to as low as $60 per barrel on Monday. Russia’s Urals Oil dipped further – nearly reaching $50 per barrel as the oil markets faced extreme turbulence. The reason – Donald Trump’s reciprocal tariffs, which have sent global markets, including that of oil, into a free fall. To add to the misery, China, the world’s second-largest economy, also announced retaliatory measures to target Washington. The oil and gas sector is the largest contributor of cash flow in the Russian federal budget. In March alone, the revenue from the key sector fell by more than 17 per cent compared to the same month a year ago. This is before April’s unending downward spiral after Trump’s tariff order. Responding to a question on falling oil prices and its impact on the Russian economy, Kremlin spokesman …

Sensex, Nifty crash 5 per cent on fears of escalation in trade wars post US tariffs | Business News

Sensex, Nifty crash 5 per cent on fears of escalation in trade wars post US tariffs | Business News

Published by Parlour News

Indian stock markets plunged 5 per cent on Monday tracking Asian shares amid concerns over escalation in trade wars following the US reciprocal tariff announcements. The BSE’s 30-share Sensex plunged 5.19 per cent, or 3,914 points to open at 71,449.94. The broader Nifty tumbled 5 per cent, or 1,146.05, to open at 21,758.4. Last week, US President Donald Trump announced reciprocal tariffs on various trading partners of the US, including India. India faces a 26 per cent hike in tariffs. A 10 per cent minimum tariff came into effect from April 5 on all imports entering the US. Story continues below this ad On Friday, China swiftly announced retaliatory tariffs, matching the U. reciprocal tariff rate of 34 per cent. “Investor confidence plummeted after US reciprocal tariffs triggered retaliatory measures from China. This escalating trade war has profoundly unsettled investors and intensified fears of an impending recession,” said Devarsh Vakil, Head of Prime Research, HDFC Securities. Sharp fall in US market downturns weakened rebound expectations, and foreign institutional investors selling in Indian markets intensified bearish …

Japan, Taiwan Markets Hit Circuit Breaker As Trump Tariffs Deepen Panic

Japan, Taiwan Markets Hit Circuit Breaker As Trump Tariffs Deepen Panic

Published by Webster

New Delhi: Asian stock markets took a huge plunge Monday (April 7) as market sell-off tied to US President Donald Trump’s “reciprocal” tariffs continued. Exchange operators in Japan and Taiwan had to briefly call a halt to trading to pause panic selling as investors wagered the mounting risk of recession could see US interest rates cut as early as May. In Japan, the “circuit breaker” system paused trading for 10 minutes when the widely traded Nikkei 225 futures product was poised to fall more than 8 per cent. The circuit breaker was kicked in at 8:45 am Tokyo time for the Nikkei 225 and several other futures contracts, according to a report by The Wall Street Journal. It ended 10 minutes later, without affecting the spot trading-direct buying and selling of shares on the Tokyo Stock Exchange. In early trade on Monday in Japan, the Nikkei 225 was off an eye-watering 6.5 percent, recovering somewhat after earlier falling nearly 9 per cent. Taiwanese stock operators also pulled a circuit breaker after experiencing a steep decline …

Trump’s Big Prediction After Stock Market Crash, Amid Tariffs & Recession Fears| US Economy

Trump’s Big Prediction After Stock Market Crash, Amid Tariffs & Recession Fears| US Economy

Published by Parlour News

Published on Mar 12, 2025 03:31 PM IST U.S. President Donald Trump in recent days has dismissed fears of a recession and brushed aside the stock market sell-off. That’s a new message from a president who has frequently pointed to the market’s ups and downs as a reflection of himself and his activities, even when he was not in power. Watch what he said on the same in the latest here.   News / Videos / World News / Trump’s Big Prediction After Stock Market Crash, Amid Tariffs & Recession Fears| US Economy Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Indian Markets Fall As Tariff Concerns With The U.s. Lead To Investor Worry | English News | N18V

Indian Markets Fall As Tariff Concerns With The U.s. Lead To Investor Worry | English News | N18V

Published by Webster

Last Updated:February 14, 2025, 21:08 IST India Stock Market Crash, why are markets falling on Friday: Equity benchmark indices in India weighed under selling pressure for the eight straight trading session today on the back persistent selling by foreign institutional investors and fears of reciprocal tariffs by the US government. The BSE Sensex slumped to a low of 75,440 in intra-day deals on Friday, February 14, 2025, and quoted with a loss of 628 points at 75,510 as of 2 PM. In the process, the BSE benchmark index has shed 3,073 points in the last eight straight trading sessions. In the process, the BSE market capitalisation fell below $4 trillion mark for the first time in nearly 14 months. The total market cap stood at $ 3.98 trillion in Friday’s intra-day trade. Among the Sensex 30 shares – Adani Ports was the top loser, down nearly 4 per cent. Sun Pharma, UltraTech Cement, IndusInd Bank, NTPC and Mahindra & Mahindra were the other major losers, down 2 – 3 per cent. Only 5 out of …

The pizza powerhouse: Can Jubilant FoodWorks deliver another 35x growth story? | Smart Stocks News

The pizza powerhouse: Can Jubilant FoodWorks deliver another 35x growth story? | Smart Stocks News

Published by Parlour News

Imagine a company that consistently maintains a robust 75% gross margin while growing its sales at a steady 10% compounded annual growth rate (CAGR) over the past decade. Sounds intriguing, doesn’t it? You’d definitely want to know more. The company in question is none other than Jubilant FoodWorks, the master franchisee for Domino’s Pizza, along with Popeyes and Dunkin’, across six markets: India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia. Now, let’s rewind to 2010, the year Jubilant FoodWorks went public. Its IPO was a blockbuster, oversubscribed by 31x, but retail participation was surprisingly muted. Even today, retail investors hold just ~6% of Jubilant’s stock — among the lowest for any company in India with a market cap of over Rs 50,000 crore. Jubilant FoodWorks Ltd Shareholding over the years. (Source: TIjori Finance) Why so low? Some reports at the time suggested the company was too richly valued, deterring retail investors. Here’s the kicker, though: over the last 15 years, Jubilant FoodWorks has always been richly valued. Yet, despite the high price tags, the stock …

Equity market gets Rs 1,600 crore FPI inflows, down 99% from last year | Business News

Equity market gets Rs 1,600 crore FPI inflows, down 99% from last year | Business News

Published by Parlour News

THE YEAR 2024 saw a sharp slowdown in foreign portfolio investor (FPI) activity, with foreign investors pumping in just over Rs 1,600 crore on a net basis into the domestic equity market, a steep fall of 99 per cent from the robust inflows of Rs 1.71 lakh crore in the previous year. The significant shift can largely be attributed to concerns over the valuation of Indian stocks, below-expected domestic GDP growth in the second quarter of fiscal 2025, weak corporate earnings and higher US bond yields. According to the National Securities Depository Limited (NSDL) data, FPIs injected Rs 1,656 crore on a net basis into the Indian equity market this year (until December 27). Foreign investors were majorly selling in the stock market while buying in the primary market. In contrast to equities, FPIs net bought Rs 1.12 lakh crore of domestic debt in 2024, up from Rs 68,663 crore in 2023. Inflows in the debt voluntary retention route (VRR) and fully accessible route (FAR) categories were Rs 13,782 crore and Rs 28,795 crore in …

Sensex crosses 85,000 mark for first time, Nifty hits record high – India TV

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Image Source : INDIA TV Stock markets update for September 24. Stock markets update: Equity benchmark indices opened in green in early trade on Tuesday amid positive global cues. Sensex crossed the 85,000 mark for the first time ever in early trade on Tuesday. In the early trade, the 30-share BSE Sensex was 85,044. Meanwhile, the Nifty also hit a record high of 25,971 points.  On the NSE Nifty 50 index, Hindalco, Dr. Reddy’s Laboratories, Hero Motor Corp, Tata Motors, and Asian Paints were among the top gainers. Meanwhile, Maruti Suzuki India, Bajaj Auto, Infosys, Hindustan Unilever, and Bajaj Finance were among the laggards. The NSE imposed a ban on companies including Aditya Birla Fashion and Retail, Tokio, Art Industries, Biocon, Chambal Fertilizers and Chemicals, GNFC, Granules India, Elastics Enahim Finance, Nalco, Oracle Sawed Private Limited, Punjab National Bank, and Steel on September 24.  Rupee against dollar Meanwhile, the Indian rupee witnessed range-bound trade in the morning session on Tuesday and depreciated 3 paise to 83.57 against the US dollar, amid a muted trend in domestic equities and …