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Domestic markets remained under pressure on Tuesday as selling pressure in heavyweight stocks shifted the momentum downward. “Nifty has now edged closer to its previous swing low i.e. around 23800, with banking heavyweights leading the decline and dampening hopes of a recovery once again. Current signals suggest a potential test of the long-term moving average…

A long negative candle was formed on the Nifty daily chart on Tuesday, placed near the recent swing low of 4th November around 23,816 levels. Technically, this pattern indicates a lack of strength in the market to sustain the upside bounce. The short-term trend of the Nifty continues to be weak. A slide below 23,800…

Is buying Bitcoin and other cryptocurrencies legal in India?Yes. Investors can buy Bitcoin and other cryptocurrencies from government registered exchanges in India. However, it cannot be used as a currency and is only an investment product.How do I know if I am buying crypto from the right platform or exchange?All crypto exchanges in India are…

Electronics manufacturing services provider PG Electroplast on Monday reported Q2 net profit of Rs 19.47 crore, a 57.2% year-over-year jump from Rs 12.39 crores in the previous corresponding quarter, which the company attributed to a “robust” order book for all its product businesses. PG Electroplast reported operating revenues of Rs 671.30 crores for the second…

European Central Bank Governing Council member Robert Holzmann said a December interest-rate cut is a possibility but by no means guaranteed, according to an interview with Kleine Zeitung published on Sunday. “As things currently stand, the possibility exists, there’s nothing at the moment that would speak against it, but that doesn’t mean that it will…

IRFC Share Price 148.54 03:59 PM | 8 Nov 2024 -5.37(-3.49%) Suzlon Energy Share Price 62.5 03:59 PM | 8 Nov 2024 -4.3(-6.44%) IREDA Share Price 200.58 03:59 PM | 8 Nov 2024 -5.4(-2.63%) Tata Motors Share Price 805.45 03:59 PM | 8 Nov 2024 -14.3(-1.75%) YES Bank Share Price 20.16 03:59 PM | 8…

Overall, Trump’s victory is positive for India. That goes without saying. It is much better than a democratic government, says Ajay Bagga, Market Expert. After the big Trump triumph, how much of this impact is going to be positive for India and what sectors, what stocks, what pockets of this market are likely to benefit…

The Nifty closed with a loss of 51 points (-0.2%) at 24,148 while the broader markets underperformed, with midcap and smallcap indices losing 1.3% and 1.7%, respectively, on Friday. The US Fed cut its benchmark lending rate by 25 bps to 4.5%, in line with expectations and in an attempt to support economic growth, China’s…

Tesla’s market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk’s companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker’s shares rose more than 6% to a more than two-year high of $315.56, after…

NEW DELHI: Avance Tech(numbers of share traded: 3.69 crore), Vodafone Idea(numbers of share traded: 3.55 crore), Srestha Finvest(numbers of share traded: 3.03 crore), ARC Finance(numbers of share traded: 1.60 crore), Suzlon Energy(numbers of share traded: 1.37 crore), GTL Infra(numbers of share traded: 1.21 crore), Jackson Invest.(numbers of share traded: 1.19 crore), Advik Capital(numbers of share…

WASHINGTON: The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the U.S. central bank’s 2% target. “Economic activity has continued to expand at a solid pace,” the central bank’s rate-setting Federal…

NEW DELHI: Trent(Rs. 2899.44 crore), Waaree Energies(Rs. 1995.20 crore), Apollo Hospital(Rs. 1853.78 crore), Hindalco(Rs. 1751.41 crore), HDFC Bank(Rs. 1650.14 crore), BSE(Rs. 1552.08 crore), TCS(Rs. 1543.57 crore), Zomato(Rs. 1477.24 crore), Swan Energy(Rs. 1462.74 crore) and Tata Steel(Rs. 1354.54 crore) were among the most traded securities on the National Stock Exchange in Thursday’s session. The NSE Nifty…

Niva Bupa Health Insurance Company Ltd, formerly Max Bupa Health Insurance Company, on Wednesday said it has mobilised Rs 990 crore from anchor investors a day before its initial share-sale opening for public subscription. Foreign and domestic institutions who were allotted shares in the anchor round include Zulia Investments Pte, Amansa Holdings, A91 Emerging Fund…

NEW DELHI: Vodafone Idea(numbers of share traded: 36.86 crore), GTL Infra(numbers of share traded: 7.72 crore), Zomato(numbers of share traded: 6.17 crore), PNB(numbers of share traded: 6.00 crore), Piramal Pharma(numbers of share traded: 5.85 crore), YES Bank(numbers of share traded: 5.54 crore), BEL(numbers of share traded: 5.28 crore), Suzlon Energy(numbers of share traded: 5.00 crore),…

Food delivery giant Swiggy Ltd has raised Rs 5,085 crore from anchor investors ahead of its initial public offering (IPO), which opens on Wednesday. Marquee funds who participated in the anchor round include Kotak MF, ICICI Prudential MF, Fidelity, Nomura, Axis MF, HDFC Life, ICICI Pru Life, Invesco, HSBC, Citigroup, Bofa Securities, Bandhan Multi Cap,…

NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 694.39 points up at 79476.63 amid brisk buying in frontline bluechip counters. On the BSE, Superior Finlease(down 11.91 per cent), Parker Agrochem(down 10.82 per cent), Kahan Packaging(down 10.62 per cent), Maan Aluminium(down…

Sebi on Monday asked five entities, including Netizen Engineering and Citi Securities and Financial Services, to pay Rs 130 crore for the illegal diversion of funds from Reliance Home Finance Ltd. The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days. Those who…

NEW DELHI: Power shares closed in the Monday’s session. GE Power India Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), KKV Agro Powers Ltd.(up 4.99%), Jyoti Structures Ltd.(up 4.99%), Transformers & Rectifiers(India)Ltd.(up 4.97%), KPI Green Energy Ltd.(up 2.63%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%) and Hitachi Energy India Ltd.(up 0.33%) stood among the top gainers. Voltamp Transformers Ltd.(down…

Indian primary equity market continued to attract funds from foreign portfolio investors (FPIs) in October notwithstanding their exodus from the secondary market according to the data from NSDL. FPIs parked net $ 2,361 million (Rs 19841.9 crore) in the primary market, the highest monthly investment since November 2021 when they had invested $ 3,745 million…

Capital markets regulator Sebi has slapped a fine of Rs 50 lakh on promoter and former MD of Eros International Media Sunil Arjan Lulla in a case related to the violation of regulatory norms. In June 2023, Sebi passed an interim order, wherein the regulator prohibited five entities, including Eros International and its Managing Director…

“I have to compare myself not with my past performance but the players who are running along with me,” says Vijay Kedia, Private Investor. So, what is going to keep you busy this Samvat year? Vijay Kedia: This Samvat, same thing. What has worked for you in the past should work for you in the…

Amid an overall weak market sentiment, individual small and midcap stocks enjoyed their northward rally with shares of WPIL Ltd surging by as high as 44.16% in just one week. Shares of Prudent Corporate Advisory Services rallied 40% to close the week at Rs 3,577.65 on the BSE. The stock had gained 14.75% in the…

New Delhi, Markets regulator Sebi has proposed raising the threshold for identifying High Value Debt Listed Entities (HVDLEs) to Rs 1,000 crore from Rs 500 crore at present to reduce compliance burdens. Currently, an entity having outstanding value of listed non-convertible debt securities of Rs 500 crore and above are referred to as ‘High Value…

IRFC Share Price 155.96 03:59 PM | 31 Oct 2024 0.41(0.27%) Suzlon Energy Share Price 66.95 03:59 PM | 31 Oct 2024 -1.18(-1.74%) IREDA Share Price 210.04 03:59 PM | 31 Oct 2024 -0.18(-0.09%) Tata Motors Share Price 834.05 03:59 PM | 31 Oct 2024 -6.16(-0.74%) YES Bank Share Price 20.4 03:59 PM | 31…

Indian benchmark indices fell on Thursday, marking their worst monthly performance since March 2020, as record foreign outflows and weak corporate earnings dampened investor sentiment. The NSE Nifty 50 declined by 0.56% to close at 24,205, while the BSE Sensex dropped 0.69% to 79,389. Both benchmarks lost around 6% in October, their steepest monthly drop…

NEW DELHI: Vodafone Idea(numbers of share traded: 5.46 crore), Srestha Finvest(numbers of share traded: 4.09 crore), Standard Cap(numbers of share traded: 1.89 crore), Tilak Ventures (numbers of share traded: 1.37 crore), Alstone Textiles(numbers of share traded: 1.25 crore), Rajnish Wellness(numbers of share traded: 1.22 crore), Avance Tech(numbers of share traded: 1.16 crore), Rama Steel Tubes(numbers…

Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase. After falling more than 6% earlier in the week on the reduced risk of wider Middle East war, Brent crude futures gained…

NEW DELHI: FMCG shares closed in the Wednesday’s session. JHS Svendgaard Laboratories Ltd.(up 4.99%), Parag Milk Foods Ltd.(up 4.32%), Gillette India Ltd.(up 3.78%), Marico Ltd.(up 3.50%), Vadilal Industries Ltd.(up 3.39%), Tata Consumer Products Ltd.(up 3.09%), Emami Ltd.(up 2.73%), Hindustan Foods Ltd.(up 2.64%), Heritage Foods Ltd.(up 2.32%) and Umang Dairies Ltd.(up 2.31%) stood among the top…

Domestic benchmark equity indices Sensex and Nifty50 ended higher for the second straight day on Tuesday, as gains in banking and financial stocks helped the indices reverse course in the final hour of trading after having spent the day under pressure due to some tepid earnings reports and persistent foreign selling. The NSE Nifty 50…

NEW DELHI: The Nifty Pharma index closed on a note on Tuesday. Shares of Mankind Pharma Ltd.(up 4.2 per cent), Natco Pharma Ltd.(up 1.36 per cent), Biocon Ltd.(up 1.01 per cent), Granules India Ltd.(up 0.69 per cent) and Abbott India Ltd.(up 0.14 per cent) ended the day as top gainers in the pack. On the…

Oil prices tumbled and global stocks rose Monday on relief that Israel’s strikes on Iran avoided the country’s energy infrastructure. Israel spared oil and nuclear facilities in its air strikes on Iranian military targets Saturday, easing investor concerns about the extent of Israel’s retaliation to Tehran’s October 1 missile barrage. “Investors breathed a sigh of…

NEW DELHI: Fertilisers shares closed in the Monday’s session. Sikko Industries Ltd.(up 20.00%), Aries Agro Ltd.(up 11.06%), The Fertilisers and Chemicals Travancore Ltd.(up 4.20%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.40%), National Fertilizers Ltd.(up 3.31%), Paradeep Phosphates Ltd.(up 3.08%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.78%), Madras Fertilizers Ltd.(up 2.39%), Khaitan Chemicals & Fertilizers Ltd.(up 1.74%) and…

Indian benchmark equity indices marked their longest weekly losing streak since August 2023 on Friday, as a broad-based selloff continued amid persistent foreign investor outflows and disappointing corporate earnings. The NSE Nifty 50 declined 2.7% for the week, while the BSE Sensex fell 2.2%, recording losses for the fourth consecutive week. All sectoral indices logged…

The initial public offer (IPO) of Swiggy is likely to be launched in the first week of November, ET reported, as the food delivery giant seeks to raise around Rs 11,300 crore. The IPO may open for subscription on November 6 and will be available for bidding until November 8. The exact dates for the…

Titagarh Rail Systems on Saturday reported a 14% rise in its September quarter consolidated net profit at Rs 81 crore versus Rs 71 crore in the year ago period. On a sequential basis, the profit after tax (PAT) was up 21% over Rs 67 crore reported in the April-June quarter. The revenue from operations in…

The over-deviated markets continued to extend their losses for the fourth week in a row. Over the past five days, barring a few feeble attempts to stage a technical rebound, the Nifty remained largely under sustained selling pressure. The markets extended their downsides while giving up key supports on the daily charts. The trading range…

Nvidia dethroned Apple as the world’s most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips. Nvidia’s stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG. In June, Nvidia briefly became the…

Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Financial Services, says there are forces far bigger than the political circles playing into the market. The biggest force is the retail revolution, the inclusive development of the market where we are getting anywhere between 4-4.5 million customers. Last month, it was 4.35 million. The sustained flow of…

Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company’s motorcycles in North America, sending its shares down more than 3% on Thursday. Spending on big-ticket purchases has slipped, with consumers wary of depleting savings and rising credit card debt, dashing hopes of a recovery in demand…

Ujjivan Small Small Finance Bank reported a 29% dip in net profit for the September quarter on account of deterioration of asset quality and higher expenditure. Operating profit also fell 4.5%. The net profit stood at Rs 233 crore as compared with Rs 328 crore in the year ago-period. Pre-provision operating profit was at Rs…

Chip firm Arm is cancelling an architectural license agreement that allows Qualcomm to use its intellectual property to design chips, a person familiar with the matter said, amid an ongoing legal battle between the two companies. Qualcomm’s shares fell nearly 3% on Wednesday, while Arm was down around 6%. Arm has given Qualcomm a mandated…

NEW DELHI: The Nifty Pharma index closed on a note on Wednesday. Shares of Granules India Ltd.(up 1.8 per cent), Zydus Lifesciences Ltd.(up 1.3 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 0.96 per cent), Glenmark Pharmaceuticals Ltd.(up 0.22 per cent) and Laurus Labs Ltd.(up 0.22 per cent) ended the day as top gainers in…

Retail chain Shoppers Stop on Tuesday reported a consolidated net loss of Rs 20.59 crore in the second quarter ended September 30, 2024 on account of muted demand. The company had posted a net profit of Rs 2.73 crore in the July-September period a year ago, according to a regulatory filing from Shoppers Stop. However,…

Newsmakers of D-Street Indian benchmark equity indices tumbled on Tuesday, with the Sensex plunging over 900 points and the Nifty falling below the 24,450 mark, pressured by weak earnings and continued foreign selling.The Nifty50 index today closed 309 points or 1.25% lower at 24,472 while the S&P BSE Sensex fell by 1.15% or 930.55 points…

Boeing’s shares rose 3% on Monday on hopes of an end to a crippling strike, although some analysts expressed doubts that the proposed labor contract unveiled over the weekend would muster enough support from workers. About 33,000 workers will vote on the contract proposal on Wednesday after a more than month-long work stoppage, which has…

Private equity firm True North-led Niva Bupa Health Insurance (Max Bupa) has received final observation from the capital markets regulator Sebi, to raise Rs 3,000 crore through an initial public offering (IPO). The IPO will consist of a mix of fresh issuance of Rs 800 crore and an offer for sale of up to Rs…

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Nifty exhibited a robust recovery on the last trading day of the week, forming a Bullish Piercing candlestick pattern on the daily charts. This suggests a potential pause in the recent downtrend. However, a follow-through of buying is needed to confirm this reversal pattern. The index remains below its 10-day EMA, indicating that buyers are…

Leading private lender HDFC Bank will offload about Rs 10,000 crore worth stake in the proposed IPO of its unit HDB Financial Services. HDFC Bank holds a 94.6% stake in the company. Under the IPO, the fresh equity sale will be Rs 2,500 crore, taking the total size of the issue to around Rs 12,500…

The board of PG Electroplast in its Saturday’s meeting approved a fundraise of Rs 1,500 crore by way of qualified institutional placement (QIP) through an issue of equity shares or other convertible securities. “The Company at their meeting held today i.e., Saturday, October 19, 2024 at 10:00 AM concluded at 11:05 AM have inter-alia, considered…

Waaree Energies raised Rs 1277 crore from 92 anchor investors ahead of its marquee IPO opening on Monday. The company allocated 84.95 lakh shares of various funds at Rs 1,503 apiece, which is the upper price band for the issue. Out of the total anchor book, 33.33% of it was allocated to 17 domestic mutual…

NEW DELHI: Mazagon Dock Ship(Rs. 3830.59 crore), Zomato(Rs. 2819.87 crore), Axis Bank(Rs. 2469.59 crore), BSE(Rs. 2461.57 crore), HDFC Bank(Rs. 2077.68 crore), Wipro(Rs. 2048.86 crore), Infosys(Rs. 1991.12 crore), Motilal Oswal(Rs. 1789.11 crore), RIL(Rs. 1639.52 crore) and Bajaj Auto(Rs. 1544.85 crore) were among the most traded securities on the National Stock Exchange in Friday’s session. The NSE…

Adani Enterprises has successfully completed the qualified institutional placement (QIP), raising nearly Rs 4200 crore. The company has allocated 1.41 crore shares at an issue price of Rs 2,962 apiece. The transaction was launched post-market hours on October 9 with a deal size of Rs 4,200 crores ($500 million) and closed on October 15. “The…

NEW DELHI: Fertilisers shares closed lower in the Thursday’s session. stood among the top gainers. Agro Phos India Ltd.(down 4.40%), Aries Agro Ltd.(down 3.02%), Rama Phosphates Ltd.(down 2.97%), Mangalore Chemicals & Fertilizers Ltd.(down 2.81%), Nagarjuna Fertilizers and Chemicals Ltd.(down 2.66%), Sikko Industries Ltd.(down 2.57%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 2.53%), Coromandel International Ltd.(down 2.23%),…

Rating agency Crisil on Wednesday reported a 13 per cent growth in its consolidated net profit to Rs 171.55 crore for the September quarter. The company had a net profit of Rs 152 crore in the July-September period of the last fiscal. Its total income rose to Rs 833 crore in the third quarter ended…

NEW DELHI: The Nifty Realty index closed on a positive note on Wednesday. Shares of Mahindra Lifespace Developers Ltd.(up 3.13 per cent), Godrej Properties Ltd.(up 2.59 per cent), Phoenix Mills Ltd.(up 1.35 per cent), DLF Ltd.(up 1.07 per cent) and Sobha Ltd.(up 0.32 per cent) ended the day as top gainers in the pack. On…

U.S. semiconductor stocks fell on Tuesday after chip equipment maker ASML cut its annual sales forecast and a report said the Biden administration was considering capping sales of advanced artificial intelligence processors to some countries. AI chip giant Nvidia fell 4.4%, retreating from a record high hit in the previous session that had put it…

NEW DELHI: Vodafone Idea(numbers of share traded: 30.72 crore), JP Power(numbers of share traded: 7.87 crore), GTL Infra(numbers of share traded: 4.61 crore), YES Bank(numbers of share traded: 4.34 crore), Suzlon Energy(numbers of share traded: 4.24 crore), Karda Const(numbers of share traded: 4.11 crore), Tata Steel(numbers of share traded: 3.90 crore), Network18 Media(numbers of share…

Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors ahead of the marquee IPO opening on Tuesday. The shares were allotted at Rs 1,960 per share, which is the upper end of the price band. In the anchor book, around 21 domestic mutual funds through a total of 83 schemes subscribed to the…

NEW DELHI: FMCG shares closed higher in the Monday’s session. Dangee Dums Ltd.(up 11.10%), Mrs. Bectors Food Specialities Ltd.(up 4.02%), Parag Milk Foods Ltd.(up 3.13%), Bikaji Foods International Ltd.(up 2.12%), Dodla Dairy Ltd.(up 2.07%), Hindustan Foods Ltd.(up 1.27%), JHS Svendgaard Laboratories Ltd.(up 0.91%), Marico Ltd.(up 0.57%), Tasty Bite Eatables Ltd.(up 0.48%) and Vadilal Industries Ltd.(up…

Hyundai Motor India (HMI), the country’s second largest passenger vehicles (PV) maker after Maruti Suzuki India, plans to raise upto Rs 27,870 crore through an offer for sale (OFS). The promoter Hyundai Motor Company (HMC) of South Korea will reduce its stake to 82.5% after the OFS from 100%. It needs to sell stake in…

The Indian market’s journey from its humble beginning in 1986 has been nothing short of spectacular. It took over two decades for the Sensex to reach the 10,000 mark in 2006 and just another year to double in 2007. The S&P BSE Sensex surpassed 20K in December 2007. As investors cheered this achievement, the euphoria…

Network18 Media & Investments has reported a 28% year-on-year (YoY) increase in its consolidated net loss for the quarter ending 30th September, with losses rising to Rs 152 crore. This increase is attributed to sustained investments in the digital and sports businesses by its entertainment subsidiary, Viacom18. The company’s operating revenue for the quarter declined…

Spot gold fell for six consecutive days before rising on October 10. The metal extended its rebound on October 11. The yellow metal, taking support at $2600, recovered sharply on stagflationary US data that showed higher inflation and deterioration in job market and consumer sentiments. Spot gold closed with a gain of nearly 1% at…

The reinsurance agreement between Bajaj Finserv’s unlisted entity Bajaj Allianz General Insurance Company (BAGIC) and Allianz SE qualifies as a related party transaction, market regulator Securities and Exchange Board of India (Sebi) has clarified in its letter to Bajaj Finserv on Friday. The capital market regulator has said that Bajaj Finserv is required to seek…

Headline equity indices Sensex and Nifty50 ended lower on Friday, dragged down by losses in banking, auto, and IT major Tata Consultancy Services (TCS), which posted a weaker-than-expected quarterly profit. The 30-share BSE Sensex fell by 230 points, or 0.28%, to close at 81,381, while the broader NSE Nifty declined 34 points, or 0.14%, finishing…

National Stock Exchange (NSE) has retained Nifty weekly options contract while letting go Nifty Bank, Nifty Midcap Select and Nifty Financial Services, in line with the Sebi circular which mandates exchanges to provide derivatives contracts for only one of its benchmark index with weekly expiry, from November 20, 2024. While Bank Nifty’s weekly option contracts…

Indian Railway Finance Corporation Share Price 151.43 03:41 PM | 10 Oct 2024 -2.05(-1.34%) Suzlon Energy Share Price 75.44 03:41 PM | 10 Oct 2024 -1.25(-1.63%) Indian Renewable Energy Development Agency Share Price 233.69 03:41 PM | 10 Oct 2024 2.57(1.11%) Tata Motors Share Price 928.5 03:41 PM | 10 Oct 2024 -10.65(-1.14%) YES Bank…

Vedanta Resources Ltd has said it paid USD 869 million to bondholders in October to redeem bonds three to four years ahead of maturity. The repayments are part of a larger liquidity management exercise under which Vedanta Resources Finance II PLC (VRF) — a wholly-owned subsidiary of Vedanta Resources Ltd — is repaying bonds with…

Minutes of the U.S. Federal Reserve’s half-a-percentage-point rate cut last month, to be released on Wednesday, may provide a final word on just how divided policymakers were over a decision that took many economists by surprise and sparked the first dissent from a member of the Board of Governors in 19 years. Fed chair Jerome…

Edelweiss Financial Services today announced its public issue of Rs 200 crore Secured Redeemable Non-Convertible Debentures (NCDs) which may offer an effective yield of up to 11% per annum. The NCDs have a face value of Rs 1,000 each for an amount up to Rs 100 crore along with a with a green shoe option…

Indian benchmark equity indices S&P BSE Sensex and Nifty50 closed higher on Tuesday after six consecutive sessions of decline. The recovery was led by index heavyweights HDFC Bank and Reliance Industries, ahead of the central bank’s policy decision and domestic quarterly earnings. Additionally, market sentiment was also buoyed as the BJP appeared poised for a…

Indian Railway Finance Corporation Share Price 144.35 03:59 PM | 7 Oct 2024 -7.72(-5.08%) Suzlon Energy Share Price 70.93 04:10 PM | 7 Oct 2024 -3.74(-5.01%) Indian Renewable Energy Development Agency Share Price 211.13 04:10 PM | 7 Oct 2024 -10.54(-4.76%) Tata Motors Share Price 927.85 04:11 PM | 7 Oct 2024 -2.9(-0.32%) YES Bank…

Northern Arc, a leading diversified non-banking financial services company, has launched its performing credit AIF fund (Category II) – the ‘Finserv Fund’. This comes through its subsidiary, Northern Arc Investment Managers (NAIM), aims to raise a target corpus of Rs 1,500 crore, including a green shoe option of Rs 5 crore. Category II AIF (Alternative…

For retail investors, the appeal for IPOs is on the rise given the lure of strong listing gains as reported in the case of some of the recent issues. However, caution is required especially in times of high market volatility. The key question is how many companies can retain their listing gains and add to…

Indian benchmark equity indices, the Sensex and Nifty, fell for the fifth consecutive session on Friday, marking their worst week in over two years. Concerns about the escalating conflict in the Middle East continued to unsettle investors while rising foreign outflows added to the pressure. The Nifty 50 index declined by 0.93% to 25,014, while…

On the back of one of the major FII selloffs seen in recent times, the markets succumbed to strong corrective pressure through the week and ended the week on a very weak note. The Nifty 50 remained under selling pressure for the entire week; at no point in time, did it show any intention to…

A ‘Buy China, Sell India’ trade is getting played out in emerging markets as FIIs have sold Indian stocks worth around Rs 30,718 crores in the first 3 days of October. The sudden U-turn in FII strategy has been mainly triggered by the outperformance of Chinese stocks. “The Hang Seng index shot up by 26%…

Indian Railway Finance Corporation Share Price 152.07 04:08 PM | 4 Oct 2024 0.47(0.32%) Suzlon Energy Share Price 74.67 04:08 PM | 4 Oct 2024 -1.08(-1.43%) Indian Renewable Energy Development Agency Share Price 221.66 04:08 PM | 4 Oct 2024 -1.66(-0.75%) Tata Motors Share Price 930.75 04:08 PM | 4 Oct 2024 5.05(0.55%) YES Bank…

Private sector lender IDFC First Bank’s loans and advances grew 21.3% year-on-year (YoY) to Rs 2.22 lakh crore for the second quarter ending September 2024. The same stood at 1.83 lakh crore in the September quarter of last year. Customer Deposits for the quarter under review rose from Rs 1,64,726 lakh crore in Q2FY24 to…

Reliance Power’s board on Thursday approved raising $500 million (Rs 4,200 crore) through unsecured foreign currency convertible bonds (FCCBs), the company said in a regulatory filing. The FCCBs are to be issued to affiliates of Värde Investment Partners, LP, a leading Global Alternative Investment Firm. “Issue of up to $500 million ultra-low cost interest of…

Cryptocurrency markets fell sharply on Thursday as geopolitical tensions intensified after Iran launched missile strikes on Israel. Bitcoin dropped below $60,500, while major altcoins such as Ethereum, Solana, XRP, and Dogecoin saw declines ranging from 5-15%. As of 2:49 pm IST, Bitcoin slipped 1.8% to $60,492, while Ethereum plunged 5.4% to $2,339. The global cryptocurrency…

New Delhi, Starting February 1, qualified stock brokers will have to either offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility, or a three-in-one trading account facility, a move that will empower investors. Qualified Stock Brokers (QSBs) must offer one of these…

In order to protect investors’ interest and cut down on speculative trading, capital market regulator Sebi came down heavily on the derivatives market by announcing a series of measures. The six-step framework is designed to tackle the surge in speculative trading volumes, especially on expiry days, while also acting as a potential deterrent for retail…

The Securities and Exchange Board of India (Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting…

Bank of Japan policymakers discussed the need to go slow in raising interest rates as jittery markets clouded the outlook, a summary of their September meeting showed, reducing the chance of a near-term rate hike. The summary also showed how the U.S. Federal Reserve’s decision to deliver an oversized reduction in borrowing costs, which came…

Mumbai: The weighted average call rate, which indicates banks’ overnight cost of borrowing, closed at 6.68% on Monday, 18 basis points higher than the Reserve Bank of India’s current repo rate of 6.50%, despite surplus liquidity conditions in the banking system, money market dealers said. The WACR, which is the operating target of the RBI’s…

Stating that the near-term performance in the IT sector may disappoint the investors against their elevated expectations, domestic brokerage firm Motilal Oswal named HCL Technologies, LTIMindtree, Persistent Systems and Coforge as its top picks in the sector. “Among Tier-I players, we prefer HCLT and LTIM for their strong capabilities in data engineering, ER&D offerings (HCLT)…

Indian benchmark equity indices closed lower on Friday as investors booked profits following a week of record highs in the blue-chip indices. The Nifty 50 dipped 0.14% to 26,179 points, while the BSE Sensex declined 0.3% to 85,571. Both indices posted weekly gains, with the Nifty rising 1.5% and the Sensex up 1.2%, marking their…

The shares of Manba Finance will debut at the bourses on Monday. Ahead of the listing, the company’s shares were trading with a GMP of Rs 38 in the grey market. Considering the upper price band of Rs 120, the stock is expected to list at a premium of 32% over the issue price. However,…

China’s Shanghai Stock Exchange will run tests on its auction and various other platforms on Sunday, the state-run Securities Times reported on Saturday, a day after an unexplained transaction delay. Friday’s delay on trades at the benchmark Shanghai Composite Index coincided with a Chinese stock rally that followed official announcements of a slew of monetary,…

“Broadly speaking, across the world, the monetary policies are synchronised with some lag or some sort of advanced framework, so that is where if inflation in a particular country is under control, they would try to synchronise with the rest of the world going forward,” says Ashishkumar Chauhan, MD & CEO, NSE.We have seen a…

The huge surge in initial public offerings in the country in recent months has led to a scramble among law firms for capital market specialist lawyers to meet the rising demand for legal advisors for IPOs. The demand is so high that in certain cases, law firms are willing to hire at a partner level…

Indian Railway Finance Corporation Share Price 157.66 02:35 PM | 27 Sep 2024 0.82(0.52%) Suzlon Energy Share Price 81.37 02:35 PM | 27 Sep 2024 -0.47(-0.58%) Indian Renewable Energy Development Agency Share Price 225.5 02:35 PM | 27 Sep 2024 1.0(0.45%) Tata Motors Share Price 993.8 02:35 PM | 27 Sep 2024 0.65(0.07%) YES Bank…

“We had a very detailed consultation on that and if as a part of that you feel that there needs to be relaxation in terms of how to do distribution of those kind of passive funds. We are open to any kind of suggestions so that we can facilitate growth of these funds across the…

“If you look at August month, power demand was down 5% year on year but this is also a function of monsoon. So, monsoons were quite good this year and hence, usually when it rains a lot you see lower power demand,” says Nikhil Nigania, Director, Bernstein.What is your view as to what this national…

The weighted average call rate, which indicates banks’ overnight cost of borrowing, closed at 6.71% on Thursday, 21 basis point higher than the Reserve Bank of India’s current repo rate of 6.50%, due to deficit liquidity conditions in the banking system, money market dealers said. The WACR, which is the operating target of the RBI’s…

The initial public offer (IPO) of Diffusion Engineers will open for subscription on September 26 and will be available for public to bid till September 30. Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 77 in the unlisted market. Considering the upper price band of Rs 168, the…

Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go…

“I think if we look at the BSE Pharma Index, then that is up 70% over the last one year, whereas the earnings are up only about in the mid-40 numbers. So, I think therefore, you are trying to price in a lot and generics at the end of it is a cyclical business. So,…

Gold rose on Monday to an all-time high, as bullish market sentiment after the U.S. Federal Reserve cut interest rates last week combined with geopolitical tensions drove prices despite a stronger dollar. Spot gold gained 0.3% to $2,630.19 per ounce by 11:37 a.m. ET (1537 GMT), after hitting an all-time high of $2,635.29 earlier in…

The shares of Western Carriers will debut at the bourses on Tuesday. Ahead of the listing, the company’s shares are trading with a GMP of Rs 10. Considering the upper price band of Rs 172, the stock is expected to list at a marginal premium of 6% to the issue price. However, it is important…

Indian benchmark equity indices surged to record highs and registered weekly gains on Friday, as an outsized interest rate cut by the U.S. Federal Reserve earlier in the week whetted investor risk appetite across global markets. The NSE Nifty 50 added 1.48% to 25,790 and the S&P BSE Sensex gained 1.63% to 84,544, logging record…

Indian Railway Finance Corporation Share Price 161.43 04:01 PM | 20 Sep 2024 6.19(3.99%) Suzlon Energy Share Price 83.45 03:59 PM | 20 Sep 2024 2.49(3.07%) Indian Renewable Energy Development Agency Share Price 232.37 03:59 PM | 20 Sep 2024 2.37(1.03%) Tata Motors Share Price 970.85 03:59 PM | 20 Sep 2024 3.86(0.4%) YES Bank…

“Vodafone Idea faces two completely different sets of problems. The first is their balance sheet. They raised funds through the FPO, and things seemed to be moving in the right direction. However, the Supreme Court’s rejection of their curative petition brought back the dues of over Rs 70,000 crore, which is a huge blow for…

Indian Railway Finance Corporation Share Price 161.43 04:01 PM | 20 Sep 2024 6.19(3.99%) Suzlon Energy Share Price 83.45 03:59 PM | 20 Sep 2024 2.49(3.07%) Indian Renewable Energy Development Agency Share Price 232.37 03:59 PM | 20 Sep 2024 2.37(1.03%) Tata Motors Share Price 970.85 03:59 PM | 20 Sep 2024 3.86(0.4%) YES Bank…

European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve’s outsized interest rate cut, while drugmaker Novo Nordisk slid on disappointing obesity pill data. The pan-European STOXX 600 index closed 1.4% lower, though it recorded a second straight week of gains. All major European stock markets had…

Axis Capital on Friday said it is exploring legal remedies against markets regulator Sebi’s order restraining the firm from taking up new assignments as a merchant banker for the debt segment. In a statement, the company clarified that Sebi has not imposed any other restrictions on Axis Capital and it will continue to operate all…

Indian Railway Finance Corporation Share Price 155.25 03:59 PM | 19 Sep 2024 -3.32(-2.09%) One97 Communications Share Price 655.05 03:59 PM | 19 Sep 2024 -16.41(-2.45%) YES Bank Share Price 22.95 03:59 PM | 19 Sep 2024 -0.38(-1.59%) ITC Share Price 508.25 04:02 PM | 19 Sep 2024 0.9(0.18%) HDFC Bank Share Price 1708.5 04:02…

Indian Railway Finance Corporation Share Price 155.11 01:45 PM | 19 Sep 2024 -3.45(-2.18%) One97 Communications Share Price 654.65 01:45 PM | 19 Sep 2024 -16.81(-2.51%) YES Bank Share Price 22.92 01:45 PM | 19 Sep 2024 -0.4(-1.72%) ITC Share Price 509.6 01:45 PM | 19 Sep 2024 2.25(0.45%) HDFC Bank Share Price 1710.2 01:45…

The US central bank is increasingly confident that strength in the jobs market can be maintained with an “appropriate recalibration” of policy, said Federal Reserve Chair Jerome Powell. He added that he doesn’t believe the central bank waited too long to cut its interest rate target.

Indian Railway Finance Corporation Share Price 159.37 01:55 PM | 18 Sep 2024 -1.23(-0.77%) One97 Communications Share Price 683.0 01:55 PM | 18 Sep 2024 18.61(2.8%) YES Bank Share Price 23.3 01:55 PM | 18 Sep 2024 -0.1(-0.43%) ITC Share Price 506.6 01:55 PM | 18 Sep 2024 -1.15(-0.23%) HDFC Bank Share Price 1690.0 01:55…

The S&P 500 rose to an all-time intraday high on Tuesday and was on track for a record close, lifted by investor confidence that the Federal Reserve is set to begin cutting interest rates, erasing the last of a deep selloff that lasted through late July and early August. The S&P 500 was last up…

Shares of Zomato Ltd. traded 1.89 per cent down at Rs 272.5 on Tuesday at around 01:59PM (IST), while the benchmark BSE Sensex advanced 129.46 points to 83118.24. As many as 1,953,525 shares changed hands on the counter with a total value of Rs 53.45 crore. The stock quoted a 52-week high price of Rs…

Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features. Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence. Early pre-order data…

Shares of Varun Beverages Ltd. slipped 3.98 per cent to Rs 620.55 in Monday’s trade. It hit a high of Rs 648.75 and low of Rs 616.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 571.06, while the 50-DMA was at Rs 621.44. If a stock trades above…

Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country. Swiggy’s IPO may seek to raise more than $1 billion, the people said, asking not to be identified…

A note from the brokerage predicts that this breakout will lead to a significant rally over the next 6-7 quarters. Positive global cues, along with strong FII flows, contributed to a sharp 2% rally in the Nifty last week, bringing it to 25,356. The index has gained approximately 36% since breaking out around the 18,600…

The Securities and Exchange Board of India (Sebi) has dropped charges of fraudulent and unfair trade practices against the National Stock Exchange (NSE) and its seven former employees, including Chitra Ramkrishna and Ravi Narain, in the co-location case, citing lack of evidence. “Due to the absence of sufficient material/evidence/objective facts on record in this case,…

South Korea’s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter. LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an…

Non-bank financial institution Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors, days before the opening of its share-sale for public subscription. SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant Mutual Fund…

Shares of Adani Power Ltd. traded 2.1 per cent up at Rs 637.65 at around 01:53PM (IST) on Friday. The stock had closed at Rs 651.35 in the previous session. Equity benchmark Sensex traded 29.36 points lower at 82933.35 around the same time. The scrip has climbed 60.01 per cent in the last one year…

Moderna pushed back its break-even goal by two years on Thursday as it delayed the timeline for developing several key products and predicted 2025 sales below its forecast for the current year, sending its shares closer to a four-year low. Shares of the vaccine maker tumbled 17.1% to $65.88 at midday. The company expects sales…

The share price of Cummins India Ltd. dropped 0.39 per cent to Rs 3777.1 at 01:59PM (IST) in Thursday’s trade. The scrip has hit a high of Rs 3811.95 and low of Rs 3751.1 so far during the session. The stock had closed at Rs 3792.05 in the previous session. The counter has had a…

New Delhi, The initial public offer of Shubhshree Biofuels Energy got subscribed by a whopping 119.37 times on the last day of subscription on Wednesday. The public offer of Shubhshree Biofuels Energy received bids for 11,91,82,800 shares against 9,98,400 shares on offer, according to the NSE data. The initial public offering (IPO) of Shubhshree Biofuels…

The initial public offering (IPO) of PN Gadgil Jewellers, which opened for subscription on Tuesday, was subscribed 3.6 times so far on Day 2. The issue received 6.03 crore consolidated share bids against 1,68,85,964 shares available for subscription. Around 12 pm, the retail portion was subscribed 4.22 times while the non-institutional investors’ (NIIs’) portion was…

Vegetarian Burmese restaurant chain Burma Burma plans to go public with an IPO in the next three years, co-founders Chirag Chhajer and Ankit Gupta told ET. The company is also aiming to triple its footprint before going public, they said. Last month Burma Burma (Hunger Pangs Pvt Ltd) raised $2 million in equity investment and…

“And right now, in today’s trade also, I feel that going by the charts in the largecap as well as in the midcap segment in IT stocks, I feel that in the short term also we can get good momentum in the IT sector,” says Vinay Rajani, HDFC Securities.IT seems to be leading the gain…

PN Gadgil Jewellers has raised Rs 330 crore from anchor investors by allotting 68.74 lakh shares to 25 anchor investors ahead of the issue opening on Tuesday. The shares were allotted at the upper end of the price band of Rs 480 per share. Out of the total anchor book, about 33.54 lakh shares were…

Shares of SRF Ltd. fell 0.31 per cent to Rs 2501.9 at 01:13PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 8,315 shares with a turnover of Rs 2.07 crore till…

The Indian benchmark Sensex closed over 1,000 points lower, while the Nifty50 ended below 24,900 on Friday, dragged down by banking and IT stocks amid uncertainty over Federal Reserve interest rate cuts. The 30-share BSE Sensex fell 1,017 points, or 1.24%, to settle at 81,183, while the broader NSE Nifty dropped 293 points, or 1.17%,…

The initial public offering (IPO) of Tolins Tyres is set to open for public subscription on September 9 and will close on September 11. Ahead of the issue, the grey market premium (GMP) for Tolins Tyres is around Rs 29-30, suggesting a 13% premium over the issue price. The price band for the IPO has…

In September, the primary market is set for the highest number of public issues in 14 years, with over 15 companies expected to enter the market. Baazar Style Retail and Gala Precision Engineering recently successfully raised funds through IPOs. Additionally, companies like Bajaj Housing, Shree Tirupati Balajee, and Kross have announced plans to do the…

Private equity major Carlyle Group-backed Hexaware Technologies has filed preliminary papers with capital markets regulator Sebi for floating a Rs 9,950 crore initial public offering (IPO). The initial share-sale of the Mumbai-headquartered company is a complete offer for sale (OFS) by promoter CA Magnum Holdings, part of Carlyle Group, according to the draft red herring…

Tolins Tyres Ltd on Friday announced that it has mopped-up Rs 69 crore from anchor investors ahead of its initial share-sale opening for public subscription. BofA Securities Europe SA, NAV Capital VCC, Chhatisgarh Investments, Ashika Global Securities, Moneywise Financial Services, Vikasa India EIF I Fund, Invicta Continuum Fund I and Steptrade Revolution Fund are the…

Shares of Adani Power Ltd. traded 0.49 per cent down at Rs 640.7 at 12:43PM (IST) on Friday, even as BSE benchmark Sensex dropped 807.91 points to 81393.25. The scrip had settled at Rs 643.9 in the previous session. The stock quoted a 52-week high price of Rs 896.75 and 52-week low of Rs 289.3,…

Indian benchmark equity indices closed lower on Thursday, reversing early gains, as weakness in heavyweight Reliance Industries weighed on the market. The decline comes ahead of the release of crucial US non-farm payroll and unemployment data due on Friday, which will provide clarity on the Federal Reserve’s upcoming interest rate decisions. The Nifty 50 index…

Shares of Voltas Ltd. traded 0.37 per cent up at Rs 1786.5 at 12:27PM (IST) on Thursday, even as BSE benchmark Sensex dropped 55.47 points to 82297.17. The stock had closed at Rs 1779.9 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1828.8 and Rs 806.9, respectively. As…

Suggestions that the dollar’s dominance of the global financial system is ending are wide of the mark, JPMorgan said on Wednesday, despite some dramatic signs of change in commodity markets and certain trading blocs. China’s rise and the use of economic sanctions on the likes of Russia mean there is a trend of diversification away…

Shares of Tube Investments of India Ltd. gained 0.18 per cent to Rs 4095.95 in Wednesday’s trade. It hit a high of Rs 4112.05 and low of Rs 4051.95 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3798.4, while the 50-DMA was at Rs 4114.4. If a stock…

The Centre is preparing to launch an Offer for Sale (OFS) for 59.5 million shares in General Insurance Corp (GIC), a reinsurance company. The OFS will trim the government’s stake in GIC by up to 6.78%, reducing its current holding from 85.78% to 79%. The issuance will come with an additional green shoe option for…

Sunil Subramaniam, Market Expert, says that speculation is part of a healthy capital market. It is only when you have these speculative entities like these people come in, that there is liquidity in the market. But if you regulate them and take them out, overall as a market, the liquidity is going to shrink. Should…

The financial sector needs a detailed and joint approach to address various challenges faced by MSMEs, Sebi Whole-Time Member Ashwani Bhatia said on Monday. In a special address on ‘Unlocking the True Potential of MSMEs: Financing Options’ session at the Financing Summit 3.0, hosted by CII here, Bhatia also said financial institutions and fintech companies…

The share price of Divi’s Laboratories Ltd. dropped 0.19 per cent to Rs 5083.25 at 12:12PM (IST) in Monday’s trade. The scrip has hit a high of Rs 5149.6 and low of Rs 5068.9 so far during the session. The stock had closed at Rs 5093.4 in the previous session. The counter has had a…

Indian bluechip equity indices Nifty50 and Sensex hit fresh record highs on Friday, driven by gains in financials and IT stocks, following US economic data that eased growth concerns. The benchmark NSE Nifty 50 rose 0.33% to 25,235.9, while the S&P BSE Sensex added 0.28% to 82,365.7. They added 1.6% this week and about 1%…

The share allotment for the Ecos Mobility and Hospitality IPO is expected to be finalized tomorrow. Shares will be allocated on a lottery basis, with the process supervised by the registrar. On the allotment date, investors will be informed about the number of shares allocated to them compared to their bids.Investors can check their allotment…

State-owned NBCC (India) Ltd on Saturday said the board has approved issue of bonus shares in a ratio of 1:2 to eligible shareholders and the company will utilise Rs 90 crore free reserve for this purpose. In a regulatory filing, the company informed that the board has approved issuance of bonus shares and fixation of…

While Nifty ended with week-on-week gains of 1.6%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 43,068 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on the…

Swiss financial services company UBS Group AG on Friday sold shares of seven companies, including Oil India and Dixon Technologies (India), for Rs 4,961 crore via open market transactions. Zurich-based UBS Group AG through its affiliate UBS Principal Capital Asia offloaded shares of seven companies through separate bulk deals on the National Stock Exchange (NSE)….

Notwithstanding retail investor’s enthusiasm over bonus issue announcement, the annual general meeting (AGM) of Reliance Industries (RIL) lacked any near-term catalysts for brokerages to raise their target prices higher. The listing of RIL’s consumer facing businesses – Reliance Jio and Reliance Retail – can lead to re-rating of India’s most valued stock but billionaire Mukesh…

Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC…

Shares of Bharat Electronics Ltd. slipped 1.48 per cent to Rs 295.5 in Thursday’s trade as of 11:47AM (IST). It hit a high of Rs 301.0 and low of Rs 295.05 during the session. The stock quoted a 52-week high price of Rs 340.35 and a low of Rs 127.0. The return on equity for…

Capital markets regulator Sebi has proposed a comprehensive review of merchant banker regulations considering the change in market dynamics over the last few years. The objective of these regulations was to lay down a regulatory framework for merchant bankers, their eligibility, responsibility and continuance in the securities market. Merchant bankers play a key role in…

Zappfresh, which sells meat online, has filed preliminary documents with capital markets regulator SEBI to launch its initial public offering (IPO). In a statement on Wednesday, Zappfresh said it has filed the Draft Red Herring Prospectus (DRHP) with SEBI to list on the BSE SME platform. The Initial Public Offering (IPO) will consist of a…

Within days of Hyundai Motor India Ltd filing a draft red herring prospectus for a Rs 25,000 initial public offering (IPO), South Korean consumer electronics manufacturer LG Electronics Inc global chief executive officer William Cho on Tuesday confirmed that the company is evaluating share sale by its wholly-owned subsidiary in the country. The electronics industry…

Shares of Tata Group companies Trent and Tata Technologies were in focus on Tuesday after block deals were witnessed in the pre-market window. Trent’s shares rose 1% to a day’s high of Rs 6,998.15, while Tata Technologies’ shares fell 3.4% to the day’s low of Rs 1,013 on the BSE. However, nearly an hour later,…

Indian Railway Finance Corporation Share Price 181.05 03:59 PM | 26 Aug 2024 -2.36(-1.29%) One97 Communications Share Price 530.4 03:59 PM | 26 Aug 2024 -24.46(-4.41%) YES Bank Share Price 24.08 03:59 PM | 26 Aug 2024 -0.32(-1.28%) ITC Share Price 505.7 03:59 PM | 26 Aug 2024 -0.11(-0.02%) HDFC Bank Share Price 1639.95 03:59…

NEW DELHI: Shares of Havells India Ltd. traded 0.73 per cent up in Monday’s trade at 11:41AM (IST). Around 6,298 shares changed hands on the counter. The counter opened at Rs 1894.95 and touched an intraday high and low of Rs 1910.2 and Rs 1878.8, respectively, in the session so far. Shares of the company…

Businessman Anil Ambani is reviewing a Sebi order imposing a fine and banning him from capital markets for five years in an alleged fund diversion case and will take appropriate next steps as legally advised, his spokesperson said in a statement on Sunday. Ambani, the spokesperson in a statement said, had resigned from the board…

Following a 25% jump in CDSL shares so far this month, the present euphoria is highly likely to be followed by a profit booking spree, says Anand James, Chief Market Strategist, Geojit Financial Services.“At present rates, we would be rather more comfortable picking the stock up once it slips into the Rs 1440-1290 region,” he…

Some FMCG companies are becoming attractive. For instance, a few stocks in our global portfolios include Jyothy Labs and Mrs. Bectors Food, according to Mayuresh Joshi, Head Equity, Marketsmith India, says Mayuresh Joshi, Head Equity, Marketsmith India. Edited excerpts: What is the view that you are developing right now on private versus PSU banks? I…

In the fast-paced realm of financial markets, interest rate volatility presents both challenges and opportunities for investors. The effects of rising or falling rates extend across asset classes and industries, requiring a nuanced and strategic approach to portfolio management. This comprehensive guide explores sophisticated strategies to navigate these shifts, optimise returns, and manage risks effectively….

Crypto exchange WazirX on Friday said it will be lifting the complete suspension of withdrawals on INR balances. Starting August 26, users can withdraw 66% of their INR balances as reflected on the platform. The suspension removal will be implemented in two phases, where from August 26-September 8, users will be able to withdraw up…

NEW DELHI: Power stocks were trading higher on Friday at 10:50AM Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%), Jyoti Structures Ltd.(up 4.99%), Karma Energy Ltd.(up 3.86%), GE T&D India Ltd.(up 3.82%), Energy Development Company Ltd.(up 3.55%), Kalpataru Projects International Ltd.(up 3.04%), Power and Instrumentation(Gujarat)Ltd.(up 2.01%) and Suzlon Energy Ltd.(up…

A cheque for Rs 19.08 crore was received by Union Home Minister Amit Shah on Thursday as dividend of the Repco Bank, a Government of India enterprise functioning under the administrative control of the Ministry of Home Affairs. Shah congratulated the Repco Bank on achieving the remarkable feat of registering a stellar 11-per cent growth…

Shares of Tata Elxsi Ltd. traded 0.5 per cent up at Rs 6961.0 at around 10:45AM (IST) on Thursday. The stock had closed at Rs 6926.2 in the previous session. Equity benchmark Sensex traded 176.1 points higher at 81081.4 around the same time. The scrip has declined 0.88 per cent in the last one year…

Morgan Stanley was among the marquee investors to buy Cyient DLM stake as Cyient offloaded 14.5% stake in a Rs 879 cr bulk deal. Promoter Cyient Ltd on Wednesday sold a partial stake in its listed subsidiary Cyient DLM through bulk deal. According to exchange data, Cyient has offloaded about 1.14 crore shares or 14.5%…

Shares of Vedanta Ltd. gained 0.68 per cent to Rs 449.5 in Wednesday’s trade as of 10:40AM (IST). It hit a high of Rs 452.6 and low of Rs 447.65 during the session. The stock quoted a 52-week high price of Rs 506.85 and a low of Rs 207.85. The return on equity for the…

India’s leading broker Zerodha said it has stopped sharing brokerage revenue for referrals following an NSE circular preventing such a move. A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. “To comply, we have stopped sharing brokerage revenue for referrals effective August 25, 2024. We will continue awarding 300…

NEW DELHI: Shares of DLF Ltd. traded 1.44 per cent up in Tuesday’s trade at 10:20AM (IST). Around 24,344 shares changed hands on the counter. The stock opened at Rs 866.3 and touched an intraday high and low of Rs 872.0 and Rs 860.0, respectively, in the session so far. Shares of the company of…

To legally validate and streamline disclosure in respect of debenture trustee appointments in offer documents, markets regulator Sebi has proposed to replace the term ‘consent letter’ with ‘debenture trustee agreement’. The change will streamline the process for appointing debenture trustees in the issuance of securities, ensure transparency in the appointment of debenture trustees, and play…

Shares of Varun Beverages Ltd. gained 2.28 per cent to Rs 1454.85 in Monday’s trade as of 10:15AM (IST). It hit a high of Rs 1459.85 and low of Rs 1415.75 during the session. The stock quoted a 52-week high price of Rs 1707.1 and a low of Rs 828.2. The return on equity for…

Indian Railway Finance Corporation Share Price 178.77 03:59 PM | 16 Aug 2024 -0.29(-0.17%) One97 Communications Share Price 564.25 03:59 PM | 16 Aug 2024 25.46(4.73%) YES Bank Share Price 24.27 03:59 PM | 16 Aug 2024 0.29(1.17%) ITC Share Price 502.65 03:59 PM | 16 Aug 2024 10.45(2.13%) HDFC Bank Share Price 1632.1 03:59…

Shares of Nasdaq-listed ReNew Energy Global Plc closed 6% lower on Friday after the company reported an 87% drop in quarterly profit. ReNew’s profit for the April-June quarter fell to ₹39.4 crore from ₹298.3 crore in the year-ago period. “The decrease was primarily due to revenue loss from 400 MW assets sold in FY24 as…

Greed has overcome fear on Wall Street — and the market cataclysm that shook up the world in recent weeks may well prove a mere blip on long-term price charts. Yet the summer rout will also go down as a particularly extreme example of a trend that’s shaped modern finance for years now: Increasingly frequent…

Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude below $80 a barrel, as investors tempered expectations of demand growth from top oil importer China. Brent crude futures fell $1.36, or 1.7%, to settle at $79.68 per barrel. U.S. West Texas Intermediate crude futures declined by $1.51, or…

Aimed at promoting ease of doing business for non-convertible securities, market regulator Securities and Exchange Board of India (Sebi) on Friday released a consultation paper seeking feedback on proposals, including alignment of provision regarding approval and authentication of financial results for entities having listed non-convertible securities with that for equity listed entities. Under the proposed…

Shares of Hindustan Zinc (HZL) fell 7.8% to a day’s low of Rs 528 on the BSE on Friday, following the opening of Vedanta’s offer for sale (OFS) at a discounted floor price of Rs 486. The mining conglomerate, which is the promoter of HZL, is selling up to 3.31% of its stake, or 14…

ET Intelligence Group: The stock of Sonata Software, a mid-tier IT company, has lost 18% in August so far after the company’s subdued June quarter performance due to delay in large deals. While it is likely to face challenges in the current quarter as well, Sonata expects to post better numbers in the second half…

Trading using borrowed money, or margin trading, in Japan’s stock market fell sharply last week as investors were forced to dump stocks during the Nikkei index’s biggest fall in nearly 40 years. BY THE NUMBERS Margin trading, which involves using borrowed cash from brokerages to ramp up bets in the stock market, is popular among…

Wall Street’s main indexes were mixed on Wednesday, as Alphabet slid and as signs of moderating inflation kept bets alive that the U.S. Federal Reserve would begin its policy easing cycle next month, albeit with a smaller rate cut. The Google-parent dropped 3.6% after a media report said the U.S. Department of Justice is considering…

The share price of Vedanta Ltd. gained 0.94 per cent to Rs 426.7 at 10:15AM (IST) in Wednesday’s trade. The scrip has hit a high of Rs 428.5 and low of Rs 421.35 so far during the session. The stock had closed at Rs 422.7 in the previous session. The counter has had a total…

Domestic equity indices Sensex and Nifty closed in the red on Tuesday, dragged by HDFC Bank, which will likely see lower-than-expected inflows because of a staggered adjustment of its weight on a key MSCI emerging market index. Broad-based selling pressure also contributed to the market’s downturn. The NSE Nifty 50 index shed 0.85% to 24,139,…

After a subdued debut, Ola Electric raced ahead by gaining nearly 44% in just two days. The stock hit an upper circuit of 20% each day since listing, taking its market cap to near Rs 50,000 crore. The shares listed at Rs 76 apiece, in line with the IPO price. The listing was mainly in…

Indian benchmark equity indices recovered most early losses to close marginally lower in a volatile market on Monday, largely ignoring concerns raised by a new Hindenburg report alleging misconduct by SEBI chief Madhabi Puri Buch. The BSE benchmark Sensex declined 57 points or 0.07% to settle at 79,648.9, while the broader NSE Nifty dropped 20.5…

Long-term charts show both benchmark indices moving in the upward trajectory, though displaying selling pressure from a shorter-term perspective, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One warns and advises investors to trade with caution. This analyst spells-out strategy in previous week’s major movers viz. Zomato, Suzlon Energy and Adani Energy…

Besides two media statements given by Sebi chief Madhabi Puri Buch and her husband Dhaval Buch in their capacity, the regulator has also issued a statement asking investors to stay calm and read the short-seller’s disclaimer. Here is the full text of Sebi’s statement: SEBI takes note of the report published by Hindenburg Research on…

Dismissing the allegations made by Hindenburg Research as “baseless ”, Sebi chief Madhabi Puri Buch and her husband Dhaval Buch today said the US-based short-seller is resorting to character assassination in response to a show-cause notice issued by the regulator in the Adani controversy. “It is unfortunate that Hindenburg Research against whom SEBI has taken…

Due to a turbulence in the global markets, Indian markets experienced high volatility but still stand strong with some correction. Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Broking at Motilal Oswal talks about his take on the markets and how the domestic participants support the longer term bullishness in the Indian equities market.

Global markets are having a torrid time of late as U.S. recession fears creep back in and the effects of the yen’s sudden surge ripple out. U.S. inflation numbers, the latest Japanese economic data and a slew of UK data could give investors a fresh steer. 1. SUMMER CHILL, NO WAY Investors should have learned…

The existing Enhanced Surveillance Mechanism or ESM framework will now be extended to main board companies whose market capitalisation is less than Rs 1,000 crore and it will be applicable from August 13, Tuesday, BSE said in a notice issued on Friday. The decision was taken during a Joint Surveillance Meeting of exchanges and market…

Axis Securities has buy call on Automotive Axles with a target price of Rs 2210. The current market price of Automotive Axles Ltd. is Rs 1922.15. Automotive Axles Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2864.47 Crore) operating in Auto Ancillaries sector. Automotive Axles Ltd….

JB Pharma reported a 25% year-on-year (YoY) jump in net profit to Rs 177 crore for the April-June quarter of FY25, led by growth momentum in domestic branded formulation business. The drug maker had reported a net profit of Rs 142 crore in the year-ago period. Revenue for the quarter rose 12% YoY to Rs…

BHEL, REC, HPCL, Ceat, and BPCL, along with several other companies, are likely to be in focus today as they have declared August 9 as the record date for determining eligible shareholders for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends. BHELThe…

Suzlon Energy has signed definitive agreements for acquisition of 76% stake in Renom Energy Services to be made in two tranches — immediate acquisition of 51% for Rs 400 crore and an acquisition of another 25% within 18 months for an additional Rs 260 crore. Suzlon is likely to leverage Renom for capturing 32GW non-Suzlon…

Amid a tepid June quarter earnings season, foreign institutional investors or FIIs dumped financials and power stocks worth about Rs 11,444 crore in July and spent the proceeds to buy IT stocks. Out of the net FII buying worth Rs 32,367 crore last month, dollar money was seen flowing into IT (Rs 11,763 crore), metals…

The healthcare provider reported net profit of Rs 124 crore in the corresponding quarter of the previous year. Revenue rose 12.2% YoY to Rs 1859 crore. The operating earnings before interest, tax, depreciation and ammortisation (EBITDA) rose 25.5% YoY to Rs 343 crore. The EBITDA margins rose 190 basis points to 18.4%.Hospital revenues, which constitutes…

Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty Future closed negative with losses of 2.50% at 24,094 levels on Monday. India VIX was up 42.63% from 14.40 to 20.42 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes while…

Indian blue-chip equity indices plunged over 2.5% on Monday, marking their steepest drop in two months amid a global sell-off driven by fears of a U.S. recession. The NSE Nifty 50 index fell 2.68% to 24,055, while the S&P BSE Sensex declined 2.74% to 78,759. Here’s how analysts read the market pulse:“Nifty slipped back into…

It was a sideways week for the 50-component Nifty index until Friday, when a gap down and market movements suggested that volatility might increase. Friday evening saw significant turmoil in global markets, with the CBOE VIX rising 26% on the day and 42.7% for the week. At one point, it was up 60%, indicating that…