Connect with us

Business

27 April: Sensex rises 500 points, metal stocks rise, every big news

The Indian stock market closed in the green mark on 27 April with good momentum. The BSE Sensex and NSE Nifty index saw a jump of around 1.15% on….

Published

on

27 April: Sensex rises 500 points, metal stocks rise, every big news

The Indian stock market closed in the green mark on 27 April with good momentum. The BSE Sensex and NSE Nifty index saw a jump of around 1.15% on the basis of good buying. The market had gained 1% on Monday on the previous day as well. Metal sector stocks performed well again. Let’s understand what was important in the market-

The Sensex had risen to trade above 49,000. At the same time, the Nifty 50 index was also close to 14,650 at the time of closing the market.

The big things of the business of April 27-

The BSE Sensex gained 557 points, while the NSE Nifty 50 Index gained 168 points.

Advertisement

At the time of closing the market, 6 out of 30 stocks of the Sensex pack remained in the red mark. 42 stocks out of 50 of the Nifty pack.

In the Nifty pack, Divis Labs, JSW Steel and Tata Steel stocks hit a new peak of 52 weeks.

The Nifty Smallcap 100 and Nifty Midcap 100 indices also closed in the green mark with a bounce. The midcap index gained 1.57% while the smallcap index gained 1.74%.

Advertisement

The Volatility Index (VIX) has fallen by 1.79% to reach 23.08.

Market Movement

Nifty

Open – 14,493.80

Close – 14,653.05

Advertisement

Variations – (+ 1.16%)

High – 14,667.55

Lo- 14,484.85

Advertisement

Sensex

Open – 48,424.08

Close – 48,944.14

Variation – (+ 1.15%)

Advertisement

High – 49,009.26

Lo- 48,399.53

The reason for the rise of the market-

Despite mixed signals from overseas markets, Bulls had a good hold in the stock market on Tuesday. In the past, the valuation of stocks has improved due to the fall due to fear of rising cases of corona. In such a situation, the demand of shares is being seen by the investors at good prices. The investor is also largely satisfied with the fourth quarter results. The market continues to be sold by foreign investors, but at the same time domestic institutional investors have emerged as strong buyers in the past.

Advertisement

Which sector did how well?

Like the previous day, on April 27, most of the Nifty sector-based indexes were rising. The metal index gained 2.71%, climbing the most. At the same time, the Nifty Bank Index gained 1.43% and the Energy Index gained 1.16%. Nifty Auto, IT, Financial Services, Pharma, FMCG and Realty sectors gained up to 1%.

Nifty-50 shares seen the fastest in these stocks

Hindalco (+ 5.07%)

Tata Steel (+ 4.38%)

Advertisement

Larsen (+ 3.60%)

Divis Labs (+ 3.58%)

Bajaj Finance (+ 3.16%)

Advertisement

These shares of Nifty-50 are broken.

HDFC Life Insurance (-3.58%)

SBI Life (-1.64%)

Maruti (-1.31%)

Advertisement

NTPC (-0.54%)

Nestle (-0.47%)

Stocks that remain most active-

According to Value, Axis Bank, Tata Steel and Reliance were the three most active stocks in the Nifty. At the same time, according to the volume, the stock of Axis Bank, SBI and Hindalco dominated.

Advertisement

What is the sign next?

The constantly growing Corona cases can be worrying for the market. Investors will also be watching the fourth quarter results for the next few days. Investors should trade with caution.

Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

Net Worth

Pavel Durov Net Worth 2024: How Much is the Russian-born Emirati Entrepreneur Worth?

Published

on

Pavel Durov Net Worth 2024: How Much is the Russian-born Emirati Entrepreneur Worth?

Who is Pavel Durov?

Pavel Valeryevich Durov, born on October 10, 1984, is a Russian entrepreneur renowned for founding the social networking site VK and the Telegram Messenger. He is the younger sibling of Nikolai Durov. After stepping down as CEO of VK in 2014, Pavel, along with his brother, led a nomadic lifestyle in self-imposed exile, holding citizenship from Saint Kitts and Nevis. He is recognized for his contributions to the tech industry and his advocacy for user privacy.

Pavel Durov Career?

Durov’s journey in the tech industry began in 2006 when he co-founded VKontakte (VK), inspired by Facebook’s success. Under his leadership, VK flourished, reaching a valuation of $3 billion. However, conflicts with Russian authorities over user data led to his departure from VK in 2014. Subsequently, he focused on Telegram, emphasizing privacy and security, earning him acclaim as a tech visionary.

Pavel Durov’s Net Worth

As of 2024, Pavel Durov’s net worth is estimated to be an impressive $17 billion. His wealth stems from his pioneering work with Telegram and VK, propelling him into the upper echelons of the tech industry. Durov’s success serves as an inspiration for aspiring entrepreneurs worldwide.

Advertisement

Pavel Durov Age?

Pavel Durov, born on October 10, 1984, is currently 39 years old. Despite his relatively young age, he has achieved remarkable success in the tech world, demonstrating his entrepreneurial prowess and innovative thinking.

Pavel Durov Family: Parents

Pavel Durov’s father, Valery Semenovich Durov, is a distinguished academic with a Doctorate in Philological Sciences. His grandfather, Semyon Petrovich Tulyakov, was a decorated World War II veteran. Durov’s family background reflects a tradition of intellectual and academic excellence.

Pavel Durov Height and Weight

As of 2024, Pavel Durov stands at 5 feet 10 inches (178 cm) tall and weighs approximately 163 pounds (74 kg). His physique, along with his intellect and entrepreneurial acumen, contributes to his charismatic presence and success in the business world.

Advertisement

Also Read: Nasser Al-Khelaifi Net Worth 2024: How Much is the President of Paris Saint-Germain Worth?

Continue Reading

Business

Wow! Momo secures Rs 70 crore funding from Z3 Partners for expansion

Published

on

By

Food chain Wow! Momo raises Rs 70 crore from Z3Partners

Quick-service restaurant chain Wow! Momo has secured Rs 70 crores from Z3Partners in an extension to their latest funding round following Rs 350 crores from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. Wow! Momo operates three brands – Wow! Momo, Wow! China, and Wow! Chicken.

CEO Sagar Daryani expressed gratitude stating, “We have been consistent and resilient…this round of investors have shown in us fortifies our faith and further motivates us to be change-makers.” Launched in 2008, Wow! Momo has 600 outlets in 38 cities and ventured into the FMCG sector along with their QSR vertical.

Managing Partner at Z3Partners, Rishi Maheshwari, praised Wow! Momo saying, “Wow! Momo is a reflection of the vibrant entrepreneurial landscape in the country…building a high-quality food business at scale, fuelled by superior execution expertise.” This funding round totals over Rs 480 crores, with Rs 270 crores via primary infusion and Rs 210 crores through a secondary purchase from early-stage investors.

Wow! Momo’s growth trajectory has been impressive with a strong presence in multiple cities. This latest funding will further solidify its position in the market and support its expansion plans. Sagar Daryani and the team at Wow! Momo are optimistic about the future and grateful for the support shown by investors.

Continue Reading

Business

UP now boasts the largest number of Geographical Indication-tagged items in the country.

Published

on

By

UP now has the most GI-tagged items in the country

Varanasi, April 17 (IANS) – Six more products from Uttar Pradesh have been granted the Geographical Indication (GI) tag, including the famous ‘Tirangi Barfi’ of Kashi, a tricoloured sweet symbolic of the Quit India Movement. The GI Registry awarded the certification on Tuesday, bringing the total number of GI-tagged products in Uttar Pradesh to 75, making it the state with the most GI products in India.

The newly certified products in Uttar Pradesh also include Banaras Metal Casting Craft, Lakhimpur Kheri Tharu Embroidery, Bareilly Cane and Bamboo Craft, Bareilly Zardozi Craft, and Pilkhuwa Hand Block Print Textile. According to GI expert Padma Shri Rajnikant, “Two renowned products from Varanasi, the Tirangi Barfi and Metal Casting Craft, were granted GI certification on Tuesday.” Rajnikant, the general secretary of the Human Welfare Association, has been instrumental in securing GI tags for 148 producers across 14 states and Union Territories.

Rajnikant highlighted the crucial role played by the National Bank for Agriculture and Rural Development (NABARD) Uttar Pradesh, Lucknow office in supporting these six GI tags. He emphasized that this achievement strengthens Uttar Pradesh’s position as the leading state in GI products. In 2008-09, the state had only one GI product, the ‘Allahabad Surkha Amrood.’ With 75 GI products now, Uttar Pradesh continues to lead in this area.

The GI tags not only recognize the unique identity and qualities of these products but also provide protection against imitation and unauthorized use. These certifications also help in promoting traditional craftsmanship and skills, thereby boosting the local economy and preserving the cultural heritage of the region. Tamil Nadu follows Uttar Pradesh with 58 GI products, reflecting the rich cultural diversity and heritage of various states in India.

Continue Reading

Trending

This will close in 5 seconds