Worst Nifty50 Performer: IT Heavyweight Tanks 7%, Hits 52-Wk Low Post Q2 Results

By Malvika Gurung Investing.com — Shares of the IT major Wipro (NS:) tumbled on Thursday and hit a 52-week low after the company released its Sept quarter’s earnings results. At the time of writing, they were trading 7% lower at Rs 379.45 apiece and the stock was the worst performer on . The IT heavyweight missed … Read more

Market Brief: Nifty, Sensex Recoup Early Losses, VIX Surges, Nifty IT Tanks

By Malvika Gurung Investing.com — The domestic market crashed on Wednesday amid glum cues from global markets after white-hot inflation in the US for August sent shockwaves across markets globally.  Indian equity benchmark indices and opened deep in red, shedding up to 1.3% each in early trade, as higher-than-expected US CPI data fuelled concerns of … Read more

Rain Industries Tanks 7% on Temporary Closure of European Unit Amid Energy Crisis

By Malvika Gurung investing.com — Shares of the petrochemical firm Rain Industries (NS:) tanked 6.8% to Rs 187.55 apiece at the time of writing, after plunging over 8% in early trade on September 9, following the company’s announcement of temporarily shutting its European unit. The chemical industry company’s wholly-owned subsidiary Rain Carbon announced to temporarily close … Read more