Shares of chipmaking giant and ‘Magnificent Seven’ darling Nvidia remained under pressure for the third straight session on Monday, 30 March, falling another 1% to $166.21 apiece. The stock was…
Category: Market
XED, India’s first GIFT city IPO, withdraws issue after weak demand
March 30 (Reuters) – XED Executive Development, the first company from India’s low-tax to launch an initial public offering, has withdrawn the IPO after delays with customer verification and weak…
Burman family raises stake in Religare Enterprises to over 30%
The Burman family has increased its stake in financial services major (REL) to nearly 30.3% in recent weeks, according to various exchange filings by the acquiring entities. This acquisition comes…
Gold, silver rates today: Comex gold rises $119/oz; silver gains $2.2 on dip buying, but both set for monthly drop
Precious metals extended their gains for a second straight session on Monday, 30 March, supported by renewed safe-haven demand amid ongoing tensions in the Middle East. However, both gold and…
Dalal Street logs worst year since pandemic as last-day selloff deepens losses
The Indian markets ended FY26 on a forgettable note, with benchmark indices logging their worst annual performance since the covid-19 pandemic six years ago. A sharp selloff on the last…
Rupee faces volatile trading, swings 170 paise intra-day
The rupee saw wild swings on Monday, moving a whopping 170 paise intraday. It breached the 95 level per dollar for the first time before closing at a new low…
‘Diversify, stay invested through good times and bad’: Zerodha’s Nithin Kamath on beating market volatility
Global equities have been in a tailspin since the start of the US-Israel war with Iran, as investors have been fleeing riskier assets amid a relentless rise in crude oil…
Rentomojo’s ₹150 crore IPO plan hit by legal challenge from former co-founder, seeks NCLT intervention
Furniture rental platform Rentomojo’s IPO plans may face a legal hurdle after co-founder and former COO Ajay Nain moved the National Company Law Tribunal (NCLT) in Bengaluru, alleging oppression and…
Brokers avoid broad hikes as STT rate change nears
Ahead of the higher securities transaction tax (STT) on derivatives set to kick in from April 1, most brokerages are avoiding broad-based hikes to protect trading volumes and client activity,…
Nvidia’s PE sinks to seven-year low as war and AI angst weigh
As global stock markets tumble over deepening worries about war in West Asia, , the world’s most valuable company, finds itself trading at its cheapest price-to-earnings multiple since before ChatGPT…