Sensex projected to rise 18 pc by end of 2025: Morgan Stanley
In its latest note, the US-headquartered investment bank sees 18 per cent base case upside for the BSE Sensex by the December end.
In its latest note, the US-headquartered investment bank sees 18 per cent base case upside for the BSE Sensex by the December end.
The market capitalization (market cap) of HDFC Bank topped the Rs 14 trillion mark for the first-time ever on Thursday.
A workshop was organised to explore the transformative role of digital technologies with focus on enhancing financial literacy, protecting investors, and fostering sustainable growth in the capital markets.
The penalty was imposed for the 'erroneous freezing' of the demat accounts of two Mumbai residents who were 'erroneously' classified as promoters.
Things were rolling along fine for the markets until the FED meeting. Thursday, saw US markets fall as thoughts of an impending recession hit the markets overseas.
Consequently, India 'VIX', or the volatility index- the market expectation of volatility over the near-term - closed sharply higher. The VIX closed on Tuesday at 18.60, after it had surged nearly 12 per cent in a single session.
Punjab National Bank which will be merged with the Oriental Bank of Commerce and United Bank of India, fell over 7 per cent, the most among the state-run banks constituting the PSU Bank Nifty index.
At 9.32 a.m., the Sensex was down 402 points at 36,930.66. The benchmark Sensex opened at 37,181.76 from its previous close of 37,332.79.
The debt-ridden realty firm has appointed Abhay Narayan Manudhane as the interim resolution professional (IRP) to run the insolvency proceedings. HDIL's downfall is a pointer to the crisis the real sector is going through.
In the previous session, the BSE barometer ended 382.91 points, or 1.02 per cent, lower at 37,068.93, and the Nifty shed 97.80 points, or 0.89 per cent, to finish at 10,948.30.
