Connect with us

Business

Stock Market Today: Sensex lost 440 points, yet ONGC-GAIL shares rose

The Indian stock market closed in the red mark on 5 March, the last day of the week. The Sensex and Nifty benchmark indices lost nearly 0.9%. The …

Published

on

Share Market Today: Sensex opens 450 points down, Nifty down more than 100 points

The Indian stock market closed in the red mark on 5 March, the last day of the week. The Sensex and Nifty benchmark indices lost nearly 0.9%. The market had weakened by 1% on the previous day also. Metal sector stocks fell the most. Let’s see what was important in the market

The BSE Sensex has fallen below 50,500. At the same time, the NSE Nifty index also closed below 15,000.

The big things of the Stock Market of March 5 –

  • The BSE Sensex index lost 440 points on Friday. At the same time, there was a 142 point weakness in the NSE Nifty index.
  • 9 of the 30 stocks of the Sensex pack closed in the green mark. In Nifty 50, 38 stocks were in the red mark.
  • The IPO of MTAR Technologies was subscribed 178.32 times on its last day on Friday at 3.26 pm. Issu was subscribed 552 times at most by HNI.
  • Heranba Industries IPO was listed with a premium of 43.5% to ₹ 900 on the stock market. The issue price of the stock was Rs 627 per share.
  • Shares of UltraTech Cement and Grasim set a new peak for their 52 weeks.
  • Nifty Midcap 100 and Smallcap 100 indices also closed in red mark like Nifty. The smallcap index weakened 1.55% while the midcap index 2.15% weakened.
  • The Volatility Index (VIX) is at 25.56 after a jump of 5.84%.

Market Movement

Nifty

Open – 14,977.95
Close – 14,938.10
Variations – (-0.95%)
High – 15,092.35
Low – 14,862.10

Sensex

Open – 50,517.36
Close – 50,405.32
Variations – (-0.87%)
High – 50,886.19
Low – 50,160.54

Advertisement

What was the reason for the decline in the market?

Buyers were caught in the market amid weak signals from overseas markets. This increase in the bond yield again showed this direction in the market. Profit booking in the market by foreign investors (FII) was the main reason for the decline. The market had lost nearly 1% on the previous day as well.

Which sectors performed better?

On March 5, all sector-based indices of the Nifty closed in the red mark. The metal index lost the most by 2.70%. Banks, IT, financial services, pharma and realty indices fell around 1.5%. The auto sector declined by 0.95. Similarly, the energy index weakened by 0.41%.

Nifty-50 shares seen the fastest in these stocks

ONGC (+ 2.40%)
GAIL (+ 1.77%)
Maruti Suzuki (+ 1.67%)
Kotak Mahindra (+ 1.18%)
Hero MotoCorp (+ 1.17%)

Advertisement

These shares of Nifty-50 are broken.

IndusInd Bank (-4.48%)
Tata Motors (-3.83%)
Wipro (-3.76%)
UPL (-3.60%)
Tata Steel (-2.99%)

Stocks that are the most active –

Tata Motors, SBI and Reliance were the three most active stocks in the Sensex by value. At the same time, stocks of Tata Motors, SBI and ONGC dominated by volume.

What are the signs for next?

In the coming days, the news related to FII investment, bond yields will be affected. Investors will also be watching the news related to Corona and the signals from foreign markets. Investors should trade carefully in the market.

Advertisement

Passionate news enthusiast with a flair for words. Our Editorial Team author brings you the latest updates, in-depth analysis, and engaging stories. Stay informed with their well-researched articles.

Business

David Beckham, Soccer Legend, Sues Hollywood Star Mark Wahlberg for Allegedly Defrauding Him of $16.4 Million

Published

on

David Beckham, Soccer Legend, Sues Hollywood Star Mark Wahlberg for Allegedly Defrauding Him of $16.4 Million

Former deep friends and business associates, soccer legend David Beckham and Hollywood star Mark Wahlberg, are now crossing swords, with the former suing the latter over an £8.5 million ($16.4 million) dispute.

David Beckham Lawsuit Against Mark Wahlberg’s F45 Training Company

In his lawsuit, David Beckham alleges that Wahlberg’s F45 Training Company behaved fraudulently and misled during business transactions.

The lawsuit also names Wahlberg’s Mark Wahlberg Investment Group (MWIG), and F45’s founders, Adam Gilchrist and Rob Deutsch, as defendants.

Advertisement

The legal battle between Beckham’s firm, DB Ventures Ltd, and Wahlberg’s F45 Training began in 2022 and was later joined by Australian golf entrepreneur Greg Norman. However, the Judge directed the two parties to present their cases separately. Both Beckham and Norman alleged in their filings that Wahlberg misled them into becoming brand ambassadors. Beckham also claimed in the filing that he lost over £8.5 million because he did not receive the promised shares just before their value plummeted.

Beckham’s company, DB Ventures Ltd, had signed a deal with F45 Training, a company in which Wahlberg has a 36% stake and also serves as the chief brand officer. Beckham’s association with Mark began when he moved to California to play for the L.A. Galaxy and became F45’s Global Ambassador. Beckham, who has millions of social media followers, immensely benefited F45 through this association. However, Beckham never received the $10 million he was promised, and subsequently, the company’s shares tanked.

Wahlberg has refuted all the allegations as baseless and called for the lawsuit to be dismissed. He added that Beckham’s company is blaming everyone but not examining its own actions. Relations between Wahlberg and Beckham were very cordial, and the two were neighbors when the former English footballer moved to Los Angeles in 2007, residing in the same Beverly Hills location. Beckham also promoted F45 on social media, including Instagram, but the posts have since been deleted.

Advertisement

Beckham’s wife, Victoria Beckham, celebrated her 50th birthday on Saturday at a club called Oswald’s, along with her family, including her children Brooklyn, Romeo, Cruz, and Harper. The birthday party was also attended by her former Spice Girl bandmates Emma Bunton, Mel C, Mel B, and Geri Horner. The guest list also included Eva Longoria, Gordon Ramsay, and Tom Cruise.

Also Read: 4 Inspirational David Beckham Hairstyles That Every Fan Should Try At Least Once

Advertisement
Continue Reading

Net Worth

Rizwan Sajan Net Worth 2024: How Much is the Indian Businessman Worth?

Published

on

Rizwan Sajan Net Worth 2024: How Much is the Indian Businessman Worth?

Who is Rizwan Sajan?

Rizwan Sajan is a distinguished Indian entrepreneur renowned for his founding role in The Danube Group, a leading building materials company based in Dubai. Despite humble beginnings, Sajan’s journey exemplifies resilience, determination, and the transformative power of entrepreneurship.

Rizwan Sajan Career

Sajan’s career trajectory reflects a remarkable rise from modest origins to entrepreneurial success. Starting as a hardware store employee in Dubai during the early 1990s, he laid the groundwork for his future endeavors. His entrepreneurial spirit led him to establish The Danube Group in 1993, marking the beginning of his pioneering journey in the business world.

Rizwan Sajan Net Worth

As of 2024, Rizwan Sajan’s net worth stands at a staggering Rs 18,000+ crores. This substantial wealth places him among the elite echelons of business magnates globally, underscoring his exceptional achievements and contributions to the industry.

Advertisement

Rizwan Sajan Age

Born on August 8, 1963, Rizwan Sajan is currently 60 years old, symbolizing a lifetime of dedication, perseverance, and entrepreneurial prowess.

Rizwan Sajan Family: Wife and Children

Sajan cherishes a strong familial bond with his wife, Sameera Sajan, and their son, Adel Sajan, who is married to Dr. Sana Sajan. Their close-knit family dynamic underscores the importance of love, unity, and support in Sajan’s personal and professional life.

Rizwan Sajan Height and Weight

Specific details regarding Rizwan Sajan’s height and weight are not widely available, emphasizing the focus on his accomplishments rather than superficial attributes.

Advertisement

Also Read: Karl-Erivan Haub Net Worth 2024: How Much is the Former Managing Director of the Tengelmann Group Worth?

Continue Reading

Net Worth

Karl-Erivan Haub Net Worth 2024: How Much is the Former Managing Director of the Tengelmann Group Worth?

Published

on

Karl-Erivan Haub Net Worth 2024: How Much is the British musician and bassist Worth?

Who is Karl-Erivan Haub?

Karl-Erivan Haub, a prominent figure in the German retail industry, was born into the influential Haub family on September 29, 1932, in Wiesbaden, Germany. He was the son of Erich Haub and Elizabeth Haub (née Schmitz-Scholl), belonging to the esteemed Mülheim family Schmitz-Scholl, renowned founders of the Tengelmann grocery chain.

Karl-Erivan Haub Career

Haub’s career trajectory was marked by his dedication to the Tengelmann Group, one of Germany’s largest retail entities. After completing internships in the United States and obtaining a degree in economics from the University of Hamburg, Haub joined the family business in 1963. He ascended to the position of managing director in 1969, steering the company’s strategic direction towards retail trade expansion. Notable milestones include the acquisition of The Great Atlantic & Pacific Tea Company in 1979, which cemented Tengelmann’s international presence.

Karl-Erivan Haub Net Worth

At the time of his passing in March 2018, Karl-Erivan Haub left behind a significant net worth of $6.4 billion. However, recent developments have sparked intrigue, with reports surfacing of his alleged reappearance in Moscow after being declared legally dead in 2021. The circumstances surrounding his net worth remain uncertain amidst this perplexing saga.

Advertisement

Karl-Erivan Haub Age

Born on September 29, 1932, Haub would have been 91 years old in 2024 if he had not been declared legally deceased in 2021.

Karl-Erivan Haub Family: Wife and Children

Haub was married to Helga Otto in 1958, and together they had three sons: Karl-Erivan, Georg, and Christian W.E. Haub. His dedication to family and philanthropy underscored his personal and professional endeavors, leaving a lasting legacy beyond the business realm.

Karl-Erivan Haub Height and Weight

Details regarding Karl-Erivan Haub’s height and weight are not readily available.

Advertisement

Also Read: Amanda Kloots Net Worth 2024: How much is the TV personality and dancer Worth?

Continue Reading

Trending

This will close in 5 seconds