75 years of Independence: Sensex from 100 to 59000, Gauge for an Undervalued Stock Called India

As is rightly said, the stock market of any country is the barometer of its economic growth, the story for India is no different. As we celebrate the 75th year of independence, a look back at Sensex narrates the tale of how India has grown from strength to strength. Started in 1986 on the BSE, Sensex is a free-float index consisting of 30 of the biggest listed companies in India. The BSE Sensex has grown from 100 points to 59,000 today; and while marred by volatility and bears, the index has posted robust growth, a testament to the country’s economic growth and future potential.

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Nifty Weekly Technical Forecast By Neal Bhai [23-05-2022]

Ashok Leyland stock

Nifty Weekly Technical Forecas: Traders continue getting tossed around by the market. We started weak, rallied up, then gave it all back, only to rally back again by the end of the week. So, the saga of volatility continues. Intra-week trading remained very difficult as gaps and lack of a follow-through kept taking a toll on whatever positions were created. The VIX moved sharply as uncertainty deepened and nervousness increased. Everyone is searching for a bottom that is proving to be elusive so far. The week in pictures was thus.

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Max Healthcare To Acquire Stake In Eqova Healthcare

Max Healthcare Institute Ltd. announced acquisition of equity stake in Eqova Healthcare.

  • Shares equivalent to 26% of stake in Eqova shall be acquired in the first tranche. The cost of acquisition of tranche 1 shares if Rs 47.18 crore.
  • The acquisition of remaining equity stake will be completed in a phased manner.
  • Eqova has long-term exclusive rights to aid development of and provide medical services to a 400-bed hospital to be built on Patparganj, Delhi.

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Sensex, Nifty Open Higher; I.T. Stocks Lead Advance

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets enter Monday’s trading session after a volatile week that saw Sensex slip 0.51% and the Nifty 50 end 0.3% lower. S&P BSE Sensex currently sits at 57,200 and the Nifty 50 is at 17,102. Ahead of the day’s trading session, SGX Nifty was up more than 100 points hinting at a positive start. Global cues were also suggesting positive momentum building up. Wall Street equity indices closed with large gains on Friday while Asian markets were up in the green. 

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