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Financial Times [3] terms a double-digit percentage fall in the stock markets over five minutes as a crash, while Jayadev et al. describe a stock market crash in India as a "fall in the NIFTY of more than 10% within a span of 20 days" or "difference of more than 10% between the high on a day and the low on the next trading day" or "decline in ...
This was the second worst single-day fall in the history, where the investors lost ₹6.50 lakh crores ($91 billion). [citation needed] While on 12 March 2020, the index plunged down by 2919.26 points, the second–worst fall in the history, ending in red to a 33-month low at 32,778.14. The fall wiped off ₹11.2 lakh crores wealth ($160 billion).
Mehta and his brothers were arrested by the CBI on 9 November 1992 for allegedly misappropriating more than 2.8 million shares of about 90 companies through forged share transfer forms. The total value of the shares misappropriation was placed at ₹ 250 crore (equivalent to ₹ 19 billion or US$220 million in 2023). [16]
(Reuters) -Shares of SoFi Technologies fell 6% on Thursday after KBW downgraded its stock on concerns over the fintech firm's lofty valuation and ambitious financial targets, further cooling a ...
At the current price, the stock trades at a price-to-earnings ratio of 32. While a P/E over 30 is considered high, the company has minimal competition and a huge runway to reinvest during the next ...
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [ 11 ]
Shares of T-Mobile (NASDAQ: TMUS) fell 4.3% on Monday as of 11:37 a.m. ET, a notable decline even as the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up over 1.8% by that time. T-Mobile was a massive ...
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.