Solar project consultant and contactor Gensol Engineering Ltd and payment solutions provider AGS Transact Technologies Ltd, two companies that recently defaulted on loans, are among the small-cap firms that reported invocation of pledged shares, according to Prime Database, a Mumbai-based markets data tracking firm. Other such firms that saw promoter shares taken over by lenders…
On Tuesday—the worst day for the Indian markets since 28 March—benchmark indices tumbled more than 1.5%, reflecting jitters around the upcoming announcement and leaving investors poorer by more than â‚ą3.4 trillion. The S&P BSE Sensex dropped 1.8% to settle at 76,024.51, while peer Nifty 50 closed 1.5% lower at 23,165.70. After a sharp 14% correction,…
Mumbai: The bulls roared back into Dalal Street on Tuesday, as both domestic and foreign investors pumped for Indian equities, sending the markets up by the highest margin in more than a month. Experts said the sharp correction seen over the past six months encouraged investors to buy as stocks fell to attractive levels. Broader…
Indian investors saw about â‚ą9.3 lakh crore wiped out in market wealth on Tuesday as Trump’s latest tariffs, slower corporate earnings and a relentless selloff by foreign investors continued to rock the sentiment. Mid- and small-cap stocks took an even harder hit. Benchmark indices fell for the fifth straight session, with Nifty 50 and S&P…
Mid-cap and small-cap stocks have long been attractive for their high return potential. The Nifty Midcap index has outperformed the benchmark Nifty index for the fourth straight month in July (till date), rising 4.7 percent as against a 3.4 percent gain in Nifty. In 2024 as well, the mid-cap index has jumped over 30 percent…
