Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 surged on Friday, the last trading session of 2021, shrugging off concerns about the Omicron variant of COVID-19 among investors globally.
Benchmark indices Sensex and Nifty50 rallied 22 percent and 24 percent respectively in the Calendar Year 2021 — their best annual returns since 2017.
Naveen Kulkarni, Chief Investment Officer at Axis Securities, said 2021 was a year of recovery, rehabilitation and establishment of a base for future growth.
I was one of the very few guys who were betting on survivor of Vodafone Idea, because like I said at that time also, the government cannot afford to have the shutdown and you can’t have two players in the market.
“We will have to see whether they are able to add more customers because they have been losing subscribers in the whole of the last 18 months.
BSE-listed Easy Trip Planners, popularly known as EaseMyTrip, will look at more acquisitions next year, besides growing organically, co-founder Prashant Pitti said.
Equity benchmark Nifty50 is finishing the year 2021 with a return of 24 percent.
Analysts have handpicked a few stocks to make the most of the current juncture in the market.
Search operations at Xiaomi, Oneplus, Realme, Vivo facilities have concluded while search operation at Oppo’s premises is still underway.
Pimavanserin is an atypical antipsychotic used to treat hallucinations and delusions associated with psychosis caused by Parkinson’s disease.
Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the world.
Sri Lanka will sign a deal with Lanka Indian Oil Corporation to restore 75 oil tanks as the country moves to secure a $500 million fuel credit line from India, its energy minister said on Friday.
CMS Info Systems Ltd on Friday listed with nearly 2 percent premium against its issue price of Rs 216.
The rupee appreciated by 12 paise to 74.30 against the US dollar on Friday, tracking gains in domestic equity markets.
The government on Thursday approved the issuance of the 19th tranche of electoral bonds, which will be open for sale from January 1 to 10.
The brokerage has assigned a target price of Rs 3,287 to Nazara Technologies.
Once we get that, you could see a large move on the Bank Nifty all the way back to 37,500-38,000 levels and even beyond,” he said.