Purbalee Dutta

114 Posts
Cupid shares crash 20% to hit lower price band amid high volumes

Cupid shares crash 20% to hit lower price band amid high volumes

Over 39 lakh shares of Cupid had changed hands on the BSE as of 2.45 pm, much higher than the two-week average of 5.03 lakh shares. On NSE, 221.59 shares were traded. There were only sell orders for 58 lakh shares on both exchanges combined. Cupid shares had opened at ₹526 as against the last closing price of ₹524.90. It soon tumbled to the day's low of ₹419.95 — its 20% lower price band. There was no apparent fundamental trigger behind the crash in Cupid shares. The last exchange filing shared by the company is on December 29, wherein it announced setting up…
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Sensex, Nifty 50 end flat amid lack of fresh triggers

Sensex, Nifty 50 end flat amid lack of fresh triggers

The Indian stock market ended flat on Tuesday, 30 December, as investors kept their bets low amid a lack of fresh domestic triggers and mixed global cues. The Sensex ended at 84,675.08, slipping 20 points, or 0.02%, while the Nifty 50 closed the day 3 points, or 0.01%, lower at 25,938.85. The BSE Midcap index slipped 0.05%, while the Smallcap index dropped by 0.20%. The domestic market is witnessing stock-specific action, which is keeping the indices range-bound. On Tuesday, benchmark indices ended flat as gains in shares of select heavyweights, including Mahindra and Mahindra, Bharti Airtel, Axis Bank, and SBI,…
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Silver rate today in India!

Silver rate today in India!

Silver continues to lead gains in the bullion market, climbing to a fresh all-time high of $79.67 per ounce on COMEX for the March 2026 contract. This marks a jump of nearly 190% from its 52-week low of $27.545 per ounce. In the domestic market, silver prices on the MCX also scaled new heights, touching ₹2,39,397 per kilogram on Friday. Market analysts attribute the strong upward momentum in silver prices to a major structural change that is tightening the gap between demand and supply. Experts believe this shift is still unfolding and expect silver prices to potentially move toward the…
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Are US stock markets closed on Christmas Eve?

Are US stock markets closed on Christmas Eve?

US investors are adjusting their plans after President Donald Trump announced that December 24 and December 26 will be observed as federal holidays. This raised questions about whether US stock exchanges would suspend trading on Christmas Eve. Despite the executive order, the US stock market will remain open on December 24. Both the New York Stock Exchange and Nasdaq have confirmed that trading schedules will not change, even though federal offices will be closed. However, markets will operate for a shorter session. On Christmas Eve, trading on the NYSE and Nasdaq will end early at 1:00 pm Eastern Time, instead…
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Ambuja Cements effects mega merger in bid to streamline operations

Ambuja Cements effects mega merger in bid to streamline operations

Billionaire Gautam Adani is consolidating his cement businesses into a single structure to streamline operations and better compete with market leader UltraTech Cement in India’s fast-consolidating infrastructure sector. Ambuja Cements’ board has cleared the merger of ACC Ltd. and Orient Cement Ltd. into Adani Cements, according to a stock exchange filing dated December 22, 2025. The move creates a unified “One Cement” platform, addressing overlaps that remained after Adani Group acquired Holcim’s India operations in 2022. The consolidation also brings Sanghi Industries and Penna Cement—both recent acquisitions—under the same umbrella. Following the merger, Adani Group’s holding in Ambuja Cements will…
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Sensex jumps nearly 600 points!

Sensex jumps nearly 600 points!

The Indian stock market saw strong buying interest on Friday, December 19, despite the Bank of Japan (BoJ) raising interest rates and hinting at further hikes. The Sensex surged nearly 600 points, reaching an intraday high of 85,067, while the Nifty reclaimed 25,991. Broad-based gains were seen across sectors, with the BSE Midcap and Smallcap indices rising by over 0.5%. This buying momentum increased the overall market capitalization of BSE-listed firms to ₹470 lakh crore, up from ₹466 lakh crore in the previous session, adding ₹4 lakh crore in value. Several factors contributed to the market's rise: Stable Rupee –…
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Corona Remedies IPO: GMP ahead of listing signals strong debut for shares

Corona Remedies IPO: GMP ahead of listing signals strong debut for shares

Corona Remedies is scheduled to make its stock market debut on Monday, December 15, 2025, with grey market trends pointing to a strong listing. The IPO attracted robust investor interest during its three-day subscription window, closing with an overall subscription of 137.04 times the shares available. Based in Gujarat, the pharmaceutical company focuses on developing and manufacturing products across key therapeutic segments such as women’s healthcare and cardio-diabetes. Ahead of the listing, market sentiment remains upbeat. As of Sunday, December 14, the grey market premium for the Corona Remedies IPO stood at ₹295 per share. With the upper issue price…
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Insurance players expect travel insurance to find more takers after IndiGo fiasco

Insurance players expect travel insurance to find more takers after IndiGo fiasco

IndiGo’s large-scale flight cancellations last week have pushed travel insurance into the spotlight, as insurers report a noticeable rise in demand. Thousands of passengers were stranded nationwide after the airline failed to adjust its crew schedules to new fatigue-management norms, leading to ruined holidays, missed family events and disrupted medical appointments. Vivek Chaturvedi, CMO of Go Digit General Insurance, said uncertainty usually prompts travellers—who often ignore insurance—to reconsider. Events like mass cancellations, severe weather or peak-season delays encourage people to seek protection against unexpected disruptions. Industry experts note that only 7–8 out of every 100 domestic or international travellers currently…
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Multi-storey commercial building gutted in Guwahati fire

Multi-storey commercial building gutted in Guwahati fire

A major fire out at a multi-storey commercial building in the heart of Guwahati at the ABC area in the wee hours of Wednesday.Offices of State Bank of India and a popular apparel outlet called Sohum Emporia suffered extensive damage as the blaze rapidly engulfed all six floors of the building within minutes.However, there hasn't been any report of human casualty so far.Preliminary assessments indicate that cash, documents and property worth crores may have been lost in the incident.Several fire tenders were pressed into action, which took about hours to douse the flames.The cause of the fire is yet to…
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Ambassador of Norway calls on Assam Health Minister

Ambassador of Norway calls on Assam Health Minister

Ambassador of Norway to India, Ms. May-Elin Stener, met Assam’s Minister for Health & Family Welfare and Irrigation, Ashok Singhal, at his office in the Assam Secretariat today and held discussions on a range of issues of mutual interest.During the meeting, the Ambassador showed keen interest in Assam’s diverse facets, interacting with the Minister on the state’s rich natural heritage, culture and its ongoing development journey. The Minister presented an overview of Assam’s potential, including its strides in sustainable development and public welfare initiatives.Both sides discussed strengthening mutual cooperation, with a special focus on women’s wellbeing, health systems strengthening and…
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