Analysts said the recent tentativeness in the market around these milestones is on concerns that stocks are overbought after the recent run-up. But, the undertone remains positive with foreign investors continuing to pump money into domestic equities and the Bharatiya Janata Party’s performance in the state elections raising hopes of its victory in the 2024 general elections.
Solar Industries shares crash 9% after acquisition of South Africa’s Omnia Holdings for Rs 12,951 crore
Solar Industries shares fell sharply on Tuesday after the company announced the Rs 12,951 crore acquisition of South Africa’s Omnia Holdings in an all-cash deal.