Hectic buying in blue-chip stocks lifts Sensex by 500 points

Equity benchmark indices Sensex and Nifty rebounded sharply on Monday after five days of steep decline amid value buying at lower levels and a rally in global markets. Besides, hectic buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries

Budget on Saturday, stock markets to remain open

Trading will be conducted during normal hours from 9.15 am to 3.30 pm. Photograph: Danish Siddiqui/Reuters Stock markets will remain open for trading on February 1, Saturday, when Finance Minister Nirmala Sitharaman presents the Union Budget, bourses BSE and NSE

India’s mcap-to-GDP ratio third-highest despite correction

The ratio of market capitalisation to gross domestic product (GDP) in India remains elevated despite the recent correction in the equities markets. It was 147.5 per cent on December 3, 56 per cent higher than the 10-year average of 94

Equity boom spurs shareholder activism

Punit Goenka, the former director of Zee Entertainment Enterprises, is not the only one who lost his board seat due to shareholders’ activism last fortnight. In recent past, institutional shareholders of several companies, including Nestle and Wipro, have pushed back

Sensex, Nifty surge on buying in IT stocks

Benchmark equity indices Sensex and Nifty maintained their winning run on Thursday, rising 1 per cent, propelled by buying in IT stocks amid a rally in the US markets and fresh foreign fund inflows. Photograph: Shailesh Andrade/Reuters Rallying for the