Sun, Apr 28, 2024 6:48 PM
MFs plan to oppose Embassy REIT's proposal to raise ₹3,000 crore
A Flip by Avya Verma
The Indian stock market is witnessing heightened volatility and the Nifty 50 has dropped over 4% from its peak. Uncertainty over the ongoing Lok Sabha elections, weak global cues, unimpressive Q4 results and relentless selling by foreign institutional investors have been weighing on Indian equities.The key trigger for the markets will be the Lok Sabha elections results.
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Shares of D-Link (India) hit a record high of Rs 404.35, as they surged 19 per cent on the BSE in Monday’s intra-day trade amid heavy volumes after the company announced dividend of Rs 13 per share, including a special dividend of Rs 5 per share. In past two trading days, the stock of smallcap networking products provider company has zoomed 30 per cent.
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I have been very critical of Robinhood Markets (NASDAQ: HOOD) during the last couple of years, which wasn't necessarily controversial given that its stock suffered a peak-to-trough collapse of 91% from its all-time high. The online brokerage platform was consistently losing active users, and its transaction revenue seemed to be in perpetual decline as a result.
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