Mon, Dec 23, 2024 10:17 AM
India Cements share price surges 11% to 52-week high
A Flip by Shubhangi Gupta
Domestic investors kept the markets buoyed in 2024, with mutual funds and retail participation lifting the benchmarks and broader markets to fresh lifetime highs. As a result of the bullishness seen, especially in the first half of the calendar year, private equity (PE) and VC firms, along with insiders, capitalized on the market momentum and made some part exits from their listed holdings.
Open Flip
Europe's STOXX 600 opened lower at the start of a holiday-shortened week, after clocking its steepest weekly drop since early September, but a spike in Novo Nordisk limited the downside on the main stock index. The pan-European STOXX 600 was down 0.2% as of 0810 GMT amid a light event calendar, with trading volumes expected to be low ahead of the Christmas break.
Open Flip
The booming equity market rally since the pandemic is augmenting the real economy as well, with a one percent rise in market capitalisation leading to 0.06% rise in the GDP growth rate. An SBI Research note authored by Group Chief Economic Adviser Soumya Kanti Ghosh on December 23 underscored that a higher market capitalisation signals a robust economy as well as investor confidence.
Open Flip
