Connect with us

Business

March 18: 5th day in a row; Sensex breaks 585 points

The benchmark indices BSE Sensex and NSE Nifty closed down around 1.1%. A big trend of profit booking is being seen in the concerns of Corona among…

Published

on

March 18: 5th day in a row; Sensex breaks 585 points

The Indian stock market closed in the red mark on March 18 with great weakness. It was also the 5th consecutive day of decline in the market. The benchmark indices BSE Sensex and NSE Nifty closed down around 1.1%. A big trend of profit booking is being seen in the concerns of Corona among investors. IT sector stocks broke the most.

The Sensex has come down to 49,250 due to a big fall. Similarly, the Nifty also closed at around 14,550.

The big things about the business of March 18

The BSE Sensex fell by 585 points. At the same time, the NSE Nifty lost 163 points.

Advertisement

At the time of closing the market, 10 stocks in 30 of the Sensex pack were in green mark. 50 shares of the Nifty pack were broken.

The IPO of Kalyan Jewelers has been subscribed 2.54 times on the last day at 3.49 am.

The IPO of Najara Technologies was subscribed 8.5% by 2: 54 minutes on the second day. The subscription to retail quota is 35.11 times the highest ever.

Advertisement

The IPO of Suryoday Small Finance Bank was subscribed 0.82% by 3: 44 minutes on the second day of the issue. This issue will be open to investors till March 19.

The Nifty Smallcap 100 and Midcap 100 indices also saw a major decline. Both indices lost nearly 1.3%.

The Volatility Index (VIX) is down 20.08 after a fall of 0.40%.

Advertisement

Market movements

Nifty

Open – 14,855.50
Close – 14,557.85
Change- (-1.11%)
High – 14,875.20
Lo- 14,478.60

Sensex

Open – 50,161.25
Close – 49,216.52
Change- (-1.17%)
High – 50,296.35
Lo- 48,962.36

What was the reason for the decline in the market?

Due to the ever increasing cases of Corona, the trend of profit booking continues in the investors. The US Fed’s indication of keeping interest rates at zero until at least 2023 also did not significantly affect investors. There has been a slight rise in the bond yield in the US. Foreign investors (FII) have made a small purchase in the market in the last 2 days. But selling by domestic institutional investors (DII) and retail investors continues. Byers had a clear grip on the market in the last hours amid mixed signals from overseas markets.

Advertisement

Which sector did how well?

On March 18, most sector-based indices of the Nifty closed in the red mark. The IT index closed down around 3%, being the weakest. While the decline in the Bank, Financial Services Index was around 1%, the FMCG, metal and auto sectors closed flat. The pharma index weakened 2.32%, while the realty and energy index weakened about 1.5%.

Nifty-50 shares seen the fastest in these stocks

ITC (+ 3.99%)
Bajaj Auto (+ 2.94%)
Hindalco (+ 1.95%)
Grasim (+ 1.82%)
Bharti Airtel (+ 1.50%)

Nifty-50 shares broken

HCL Tech (-3.47%)
Infosys (-3.26%)
Divis Labs (-3.00%)
Dr. Reddy (-2.89%)
Hero MotoCorp (-2.45%)

Advertisement

Stocks that are most active

According to Value, Tata Motors, ITC and Reliance were the three most active stocks in the Nifty. At the same time, stocks of ITC, Tata Motors and SBI dominated by volume.

What are the signs for next

The market will be affected by FII investment, signals from foreign markets, corona and news related to bond yields. Investors should be careful in the market and only trade in good stocks.

Advertisement

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

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Published

on

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

Advertisement

Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

Advertisement

Also Read: Dave Ramsey Net Worth 2024: How Much is American Radio Personality Worth?

Continue Reading

Net Worth

Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Published

on

Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Who is Mike Markkula?

Mike Markkula, born Armas Clifford “Mike” Markkula Jr. on February 11, 1942, in Los Angeles, California, is an American entrepreneur renowned for his pivotal role in the early days of Apple Inc. After graduating from the University of Southern California with degrees in electrical engineering, Markkula amassed considerable wealth through stock options while working at Fairchild Semiconductor and Intel.

Mike Markkula Career

Markkula’s career trajectory took a significant turn in 1977 when he was introduced to Steve Jobs by Venture Capitalist Don Valentine. Recognizing the immense potential of the Apple II computer, Markkula became the company’s first major angel investor, providing $250,000 in funding. He subsequently served as Apple’s CEO from 1981 to 1983, overseeing critical phases in the company’s growth and development.

Mike Markkula’s Net Worth

As of 2024, according to Celebrity Net Worth, Mike Markkula boasts an estimated net worth of $1.2 billion. His wealth stems from astute investments, particularly in Apple Inc., where he played a foundational role as an early investor and executive.

Advertisement

Mike Markkula Age

Born on February 11, 1942, Mike Markkula is currently [age] years old.

Mike Markkula Family: Wife and Children

Markkula is married to Linda, and together they have made significant real estate investments, including properties in Carmel Valley, Woodside, and Hawaii. They have engaged in philanthropy, with notable donations to Santa Clara University’s Markkula Center for Applied Ethics.

Mike Markkula Height and Weight

Unfortunately, information regarding Mike Markkula’s height and weight is not readily available.

Advertisement

Also Read: Dave Ramsey Net Worth 2024: How Much is American Radio Personality Worth?

Continue Reading

Business

Sundar Pichai Net Worth 2024: How Much is the CEO of Google Worth?

Published

on

Sundar Pichai Net Worth 2024: How Much is the CEO of Google Worth?

Who is Sundar Pichai?

Sundar Pichai, born on June 10, 1972, in Madurai, India, is a prominent figure in the tech industry, renowned as the CEO of Alphabet Inc. and its subsidiary Google LLC. With an educational background in materials science and engineering, Sundar’s journey from humble beginnings in Chennai to the helm of one of the world’s leading multinational companies is an inspiration to many.

Sundar Pichai Career

Sundar’s career trajectory is marked by notable achievements and leadership roles. Beginning as a materials engineer, he gained experience in product management at Applied Materials and management consulting at McKinsey & Company. In 2004, Sundar joined Google, where his strategic insights and innovative contributions led to significant advancements, including the development of Google Chrome, Android, and Google Drive. His ascent within the company culminated in his appointment as CEO in 2015, overseeing Google’s transition into Alphabet Inc.

Sundar Pichai’s Net Worth

As of 2024, Sundar Pichai’s net worth is estimated to exceed $1.66 Billion, primarily attributed to his role as CEO of Alphabet Inc. and his ownership of approximately 520,668 shares of Alphabet Inc. stock. His remarkable leadership and strategic vision have propelled Google’s growth and innovation, contributing to his substantial financial success.

Advertisement

Sundar Pichai Age

As of 2023, Sundar Pichai is 50 years old, having been born on June 10, 1972.

Sundar Pichai Family: Wife and Children

Sundar Pichai is married to Anjali Pichai, whom he met during his college years at the Indian Institute of Technology (IIT), Kharagpur. They share a deep bond, enduring a period of long distance before marrying and relocating to the United States. Together, they have two children, Kavya and Kiran, and prioritize maintaining a balanced family life despite Sundar’s demanding career.

Sundar Pichai Height and Weight

Sundar Pichai stands at a height of 5 feet 8 inches and weighs approximately 68 kilograms.

Advertisement

Also Read: Eric Eisner Net Worth 2024: How Much is the Film Producer Worth?

Continue Reading

Trending

This will close in 5 seconds