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The stock opened at ₹647 and touched a high of ₹658.55 during the session, with trading volumes reaching 41.66 lakh shares worth ₹272.28 crore by 12.30 p.m. | Photo Credit: Dado Ruvic Adani Power Limited shares traded 1.22 per cent higher at ₹651.50 on Wednesday afternoon, following the company’s announcement of a major hydroelectric project […]
Prozeal Green Energy plans to mop-up Rs ₹700 crore while Neilsoft will raise Rs ₹90 crore via fresh equity issuance and dilute 80 lakh shares of existing investors under ‘offer for sale’ | Photo Credit: Ildo Frazao Capital markets regulator SEBI has cleared two initial public offerings to cumulatively raise over ₹790 crore. Prozeal Green […]
Shares of Infosys Ltd surged over 4 per cent on Tuesday after the IT major announced board meeting on September 11, 2025, to consider the buyback issue. On approval, this will be the company’s first buyback of shares since 2022. Market expert Devarsh Vakil, Head of Prime Research at HDFC Securities, said, “This decision comes […]
In that offer, the company bought back 6.04 crore shares for ₹9,300 crore. The highest price at which the shares were bought back was ₹1,623.90 while the lowest price was ₹1,468.10, it said in post-buyback disclosure The board of IT major Infosys is set to consider a proposal for a buyback of fully paid-up equity […]
Tata Steel shares soared, leading the gainers of Nifty 50 on Monday as investor sentiment turned upbeat on the metals sector. The surge followed global brokerge Morgan Stanley’s upgrade on Indian steelmakers, citing stronger demand prospects and improving global commodity trends. The positive momentum in Tata Steel, along with gains in peers JSW Steel and […]
Target: ₹1,573 CMP: ₹1,402.65 During Q1-FY26, SJS Enterprises reported 11.2/13.8/22.6 per cent y-o-y increase in Revenue/EBITDA/PAT to ₹209.7 crore/₹55.9 crore/₹34.6 crore, respectively. During Q1-FY26, the company witnessed 22.8 per cent y-o-y growth in the automotive business compared to 1.2 per cent y-o-y growth in the automotive industry (2W+PV) production volumes. This performance was primarily driven […]
Both promoters, Alakh Pandey and Prateek Boob, will each offload shares worth ₹360 crore through the OFS. Edtech unicorn PhysicsWallah has filed updated draft papers with markets regulator SEBI to raise ₹3,820 crore through an initial public offering (IPO) for expansion and growth initiatives. The proposed IPO comprises a fresh issue of equity shares worth […]
Maruti Suzuki India Limited shares closed 1.64 per cent higher at ₹14,895 on Friday, September 5, driven by expectations of increased demand following the government’s GST rationalisation measures and the launch of its new SUV, Victoris. The stock gained ₹233 from the previous close of ₹14,662, with trading volumes reaching 4.74 lakh shares worth ₹702.61 […]
Markets closed nearly flat on Friday after a highly volatile trading session, with benchmark indices rebounding from early losses as auto stocks surged on GST reforms while information technology shares plunged on tariff concerns and weak global cues. The Sensex settled at 80,710.76, down 7.25 points or 0.01 per cent, after touching a high of […]
Target: ₹270 CMP: ₹206.20 Emkay Global Research team met Karur Vysya Bank’s MD and CEO B Ramesh Babu, to seek the outlook on credit growth and, most importantly, on impact of US tariffs on the SME sector. Key takeaways: KVB posted healthy gross credit growth of about 15 per cent y-o-y/6 per cent q-o-q, mainly […]
Pharma counters may see heightened action in today’s trade, with Zydus Lifesciences announcing a US drug partnership, Jagsonpal Pharma naming a new CEO, and Biocon Biologics receiving a USFDA Form 483 after inspection. | Photo Credit: Zydus Lifesciences on Thursday said its subsidiary has joined hands with the Netherlands-based Synthon BV to introduce a generic […]
STL Networks Ltd, the digital infrastructure and IT services company formed as a result of a demerger from Sterlite Technologies, made a dismal debut on the stock exchanges on Thursday, listing at ₹22.90 on the NSE and ending over 5 per cent lower at ₹21.75. Shareholders of Sterlite Technologies had received one share of STL […]
From fresh contracts for BHEL, Krystal and RailTel to Swiggy’s fee hike, Polymed’s overseas acquisition and GST notice to Prestige Estates, these eight stocks could see action as corporate developments drive investor attention. Krystal Integrated Services Ltd (KISL) on Wednesday said it had bagged a Rs 370-crore order from the Commissionerate of Social Welfare, Pune, […]
Target: ₹2,995 CMP: ₹2,330.00 Zydus Wellness’ acquisition of UK-based Comfort Click broadens its footprint across the UK, EU and USA. The transaction positions it to scale up its wellness range globally, a strategic step toward building a diversified, consumer-focused beauty, health & wellness portfolio. A digital-first healthcare brand focused on VMS, the company is […]
NCDEX has drawn up a roster of heavyweight investors, including Globe Capital Market, Kotak Mahindra Life Insurance, Tower Research Ventures, and Billionbrains Garage Ventures, proposing an over 2 per cent stake each for its ₹770-crore preferential share issue to fund its entry into the equity segment. 60 investors In total, more than 60 investors are […]
Honasa Consumer Ltd shares traded at ₹297.60, down 0.52 per cent from the previous close of ₹299.15, on Tuesday afternoon on the NSE. The stock opened at ₹299.50, hit an intraday high of ₹302.95 and a low of ₹296.55. Over 2.07 lakh shares changed hands, with a turnover of ₹6.21 crore, giving the company a […]
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The initial public offer of Amanta Healthcare Ltd got fully-subscribed within hours of opening for bidding on Monday. The ₹126-crore IPO received bids for 1,54,35,371 shares, as against 70,00,000 shares on offer, reflecting 2.21 times subscription, according to data available with the NSE till 13:03 hours. Retail Individual Investors (RIIs) part got subscribed 3.39 times, […]
The combined market valuation of eight of the top 10 most valued firms eroded by ₹2,24,630.45 crore last week, with Reliance Industries and HDFC Bank taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark dropped 1,497.2 points, or 1.84 per cent. From the top-10 pack, Reliance Industries, HDFC […]
Foreign investors pulled out ₹34,993 crore (around $4 billion) from Indian equity markets in August, making it the sharpest sell-off in six months, weighed down by US tariffs on Indian exports and pricey domestic valuations. The withdrawal was nearly double the ₹17,741 crore outflow recorded in July. With this, the total outflow by Foreign Portfolio […]
Shall I buy HPCL futures at the current price? What can be the target and stop-loss? – Palani Shanmugam HPCL (₹375.90): The stock has been in a steady decline since early July. It fell off the resistance at ₹450. Currently at ₹376, it is trading within the support band of ₹370-380. However, the selling pressure is strong and the […]
Reliance Industries Chairman Mukesh Ambani | Photo Credit: RIL Reliance Industries Chairman Mukesh Ambani ended the suspense over the anticipated IPO of Reliance Jio, saying it would list in the first half of 2026, and preparations for it are underway. “Jio is making all arrangements to file for its IPO. We are aiming to list […]
Target: ₹715 CMP: ₹565.60 FY25 was a stellar year for Eureka Forbes (EFL), visible from step-up in product business sales growth (+17 per cent ) with significant acceleration in electric water purifier sales (+18.1 per cent ), service business starting to see green shoots with efforts on AMC unit sales and improving customer experience yielding […]
Abril Paper Tech, a leading manufacturer and supplier of sublimation heat transfer paper, plans to raise ₹13 crore through initial public offering on BSE SME exchange. The company will issue fresh equity share of 22 lakh at fixed price of ₹61 per share. The lot size is 2,000 and retail investors have to bid for […]
Markets witnessed a sharp decline on Thursday as investors grappled with the impact of the United States imposing an additional 25 per cent tariff on Indian exports, taking the total levy to 50 per cent, which significantly dampened market sentiment across all major indices. The Sensex plummeted 705.97 points or 0.87 per cent to […]
PVP Ventures Ltd has acquired a 41.23 per cent stake in 7Med India Pvt Ltd and Epitome Group of Hospitals, one of India’s leading dialysis and nephrology service providers, through a binding agreement worth approximately ₹127 crores. The deal includes a contractual path to majority ownership within 12 months and potential expansion to 76 per […]
Part of the Future Group’s 19 entities slated for transfer to Reliance Retail under the stalled ₹24,713 crore deal of 2020, FCL continues to face financial stress as lenders and investors push for resolution. | Photo Credit: designer491 Future Consumer Ltd, the FMCG company owned by debt-ridden Future Group, faces an insolvency plea filed before […]
Domestic equity, currency and debt markets will be closed on Wednesday, August 27, for a local holiday. Trading will resume on Thursday, August 28. The benchmark BSE Sensex fell 1.04 per cent to 80,786.54, while the NSE Nifty 50 lost 1.02 per cent to 24,712.05 on Tuesday, both posting their worst session in three months […]
IndiGo co-founder Rakesh Gangwal plans to sell upto 12.1 million shares in the airline in block deals. The stake sale which amounts to around 3.1 per equity of the airline could fetch Gangwal ₹7,027 crore as per the offer price of ₹5,808 per share. The offer price is at a discount of 4 per cent […]
Integrated EPC player Sugs Lloyd Ltd on Tuesday said it has fixed a price band of ₹117-123 per share for the initial public offer, which will open for public subscription on August 29. The ₹85.6-crore initial public offering (IPO) will conclude on September 2, and the shares of Sugs Lloyd will be listed on the […]
In sharp contrast, domestic mutual funds climbed to a fresh record share of 10.6 per cent in NSE-listed companies, and 13 per cent in the Nifty 50 The balance of power in India’s equity markets continues to tilt toward domestic investors, with the promoter ownership in listed companies sliding to fresh lows while retail and […]
GlaxoSmithKline Pharmaceuticals said it is bringing in Jemperli (dostarlimab) and Zejula (niraparib) to India, marking its re-entry into the cancer drugs segment in the country. The two oncology products would be brought at a “tiered pricing” for India, executives with the multinational company said. GSK had a sizable asset in the past, said Bhushan Akshikar, […]
Target: ₹118 CMP: ₹95.17 Samvardhana Motherson International (SAMIL) is all set for another year of outperformance on the back of revenue diversification aimed at accelerating incremental growth from high volumes markets like India, Mexico, Japan and China (about 35 per cent of topline); successful integration of recent acquisitions, SOP for consumer electronics and Aerospace ramp […]
Markets snapped their six-session winning streak on Friday, with the Sensex plunging 693.86 points or 0.85 per cent to close at 81,306.85, while the Nifty 50 declined 213.65 points or 0.85 per cent to 24,870.10. The sharp selloff came as investors turned cautious ahead of US Federal Reserve Chair Jerome Powell’s crucial speech at the […]
Varun Goel, Senior Fund Manager, Mirae Asset Investment Managers (India) | Photo Credit: Special Arrangement Mirae Asset Investment Managers, a mutual fund AMC, on Friday said that the Chennai market’s MF Assets under Management (AUM) have grown from ₹2.8 lakh crore in 2024 to ₹3.32 lakh crore in 2025, reflecting a year-on-year growth of over […]
Block deals are large transactions executed through a single trade to avoid market disruption. The draft circular has sought public comments until September 15 The Securities and Exchange Board of India (SEBI) has proposed a review of the block deal framework, including widening the reference price range for non-F&O stocks and increasing the minimum order […]
Under the revised plan, the closing auction is expected to be a 20-minute session from 3.15 to 3.35 pm, instead of the originally proposed 3.30 to 3.45 pm The Securities and Exchange Board of India (SEBI) has proposed a revised framework for its Closing Auction Session (CAS) in the equity cash market, including the timing, […]
Edelweiss Financial Services Ltd (EFSL) on Friday said global investment firm WestBridge Capital is acquiring a 15 per cent stake in Edelweiss Asset Management for ₹450 crore. This transaction valued the asset management company at around ₹3,000 crore. The deal is beneficial for all stakeholders and comes at an opportune time for Edelweiss Mutual Fund […]
SEBI Chairman Tuhin Kanta Pandey at the 22nd Annual Capital Markets Conference, organised by FICCI, in Mumbai on Thursday | Photo Credit: ANI The Securities and Exchange Board of India (SEBI) is exploring measures such as extending the tenure and maturity profile of equity derivatives contracts in a “calibrated” manner to check excessive speculation, reduce […]
File picture: Hitesh Chimanlal Doshi, CMD, Waaree Energies, at the listing of the company’s shares on the NSE Waaree Energies Ltd launched its Flexible Light-Weight (FLW) solar modules today, targeting installations on curved surfaces and structures where traditional glass panels cannot be used. The Mumbai-based solar manufacturer said the new modules are 70 per cent […]
ICRA Ltd and India Ratings C Research Private Ltd have assigned a rating of AAA/Stable to the Debt Securities Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors Pvt Ltd, has raised ₹820 crore through a bond issue. The board of Cube InvIT has approved allotment of 82,000 non-convertible debentures with a face […]
Markets sustained their upward trajectory in Wednesday’s midday session, with the Sensex climbing 259.47 points to 81,903.86 and the Nifty advancing 79.70 points to 25,060.35, marking gains of 0.32 per cent each. The Nifty breached the key 25,000 resistance level that had capped gains in recent sessions. Technology stocks emerged as the primary drivers of […]
According to Share India Securities, the investment does not fall within the ambit of related party transaction and none of the promoter/promoter group/group companies have any interest in the above entity The board of Share India Securities (SIS) on Tuesday approved an investment of up to ₹28 crore in National Commodity & Derivatives Exchange Ltd […]
Markets extended their morning gains in afternoon trading on Tuesday, with the Sensex climbing 395.91 points or 0.49 per cent to 81,669.66 and the Nifty 50 advancing 110.35 points or 0.44 per cent to 24,987.30 as of 1.30 PM. Auto stocks emerged as the primary drivers of the rally, with Tata Motors leading the Nifty […]
The regulator, through a circular issued earlier in May, had capped the maximum weight of the top constituent at 20 per cent and the combined weight of the top three at 45 per cent | Photo Credit: FRANCIS MASCARENHAS The Securities and Exchange Board of India (SEBI) has proposed to adjust constituent weights in existing […]
JSW Cement shares recovered sharply on Monday, trading at ₹150.01 as of 2.40 pm, up 2.7 per cent from the previous close of ₹146.07. The stock reached its 52-week low of ₹143.95 in early trading, before staging a recovery. The newly-listed cement company opened at ₹148 and touched a high of ₹151.68 during the session. […]
XED Executive Development Ltd offers executive education programmes targeting senior working professionals | Photo Credit: Ildo Frazao The process of direct listing of equities has begun in GIFT IFSC, with Mumbai-based “global executive education” provider XED Executive Development Ltd filing the first Draft Red Herring Prospectus (DRHP) with both NSE-IX and India INX — the two international stock […]
Mr. Sajjan Jindal, Chairman of JSW Group, and Mr. Parth Jindal, Managing Director of JSW Cement Ltd., at the bell-ringing ceremony of JSW Cement held at NSE, marking the successful IPO listing of the company on the Indian bourses JSW Cement Limited made its stock market debut today, listing at ₹153.50 on NSE and ₹153.00 […]
Chairman and Managing Director Sajid Malik attributed the growth to strong execution of urban digital twin projects and rising demand for automotive mapping solutions. The shares of Genesys International Corporation Limited traded on the NSE today at the closing bell at ₹589, down by 17.60 or 2.90 per cent. Genesys International Corporation Limited reported a […]
US President Donald Trump and Russia’s President Vladimir Putin | Photo Credit: JORGE SILVA Traders are dusting off their geopolitical playbooks ahead of Friday’s meeting between Donald Trump and Vladimir Putin, looking for any signs as to how the outcome will shape the future direction of markets. In the run-up to the talks, investors have […]
Gold prices on MCX surged 53% to ₹1,00,389 per 10 grams, while silver rose 41% to ₹1,13,342 per kg. In contrast, Sensex and Nifty gained only around 2%, and broader indices like BSE-500 and Nifty-500 saw marginal movements. | Photo Credit: iStockphoto Thanks to global economic uncertainty, gold and silver have outshined returns from the […]
Broader markets underperformed, with the Nifty Midcap 100 and SmallCap indices closing lower. Sectoral performance was mixed, with financials outperforming while metals and oil & gas lagged. | Photo Credit: Benchmark indices snapped their six-week losing streak on Thursday, with the Nifty 50 gaining 11.95 points or 0.05 per cent to close at 24,631.30 and […]
Mufin Green Finance Limited reported a standalone net profit of ₹410.55 lakh for the quarter ended June 30, 2025, marking a 41 per cent increase from ₹262.08 lakh in the same period last year. The company’s total income rose to ₹4,813.69 lakh from ₹3,738.41 lakh year-on-year. Interest income, the company’s primary revenue source, grew to […]
Transformer components manufacturer Mangal Electrical Industries on Thursday fixed a price band of ₹533 to ₹561 per share for its upcoming ₹400 crore Initial Public Offering (IPO). The IPO — entirely a fresh issue of shares — will open for public subscription on August 20 and conclude on August 22, the company announced. Proceeds from […]
Sensex, Nifty, Share Price LIVE:
Gem Aromatics, a manufacturer of speciality ingredients, on Wednesday set a price band of Rs 309 to Rs 325 per share for its upcoming initial public offering (IPO). The Rs 451-crore IPO would open for subscription on August 19 and conclude on August 21, the company announced. The IPO is a mix of fresh issue […]
SEBI plans to allow a broader set of strategies under SIFs, which bridge the gap between mutual funds and portfolio management services | Photo Credit: HEMANSHI KAMANI SEBI plans to overhaul key market regulations, including simplifying draft offer documents, easing compliance for foreign portfolio investors (FPIs) and expanding investment options under Specialised Investment Funds (SIFs) […]
SEBI-registered portfolio management services (PMS) firm Elever has raised $1.1 million in a pre-series A funding round, bringing its total funding to $4 million. The Bengaluru-based company targets reaching ₹1,000 crore in assets under management within two years. The round was led by Brand Capital, the strategic investment arm of The Times of India Group, […]
The minimum number of public shareholders required has also been increased from 250 to 1,000 | Photo Credit: FRANCIS MASCARENHAS The BSE has strengthened its rules for small and medium enterprises (SMEs) moving to the mainboard and for companies listed on other exchanges seeking direct listing. The changes aim to improve transparency, disclosures and the […]
Welcure Drugs & Pharmaceuticals announced that its Board of Directors will meet on August 22 to consider the proposal on stock split and bonus issue. The move is aimed at enhancing liquidity and broadening shareholding. As per the proposal, the company has suggested sub-division of the company’s equity shares in the ratio of one equity […]
National Securities Depository Ltd (NSDL) listed its shares a few days ago on the BSE and since then it is making waves. As against the issue price of ₹800, the stock has risen to ₹1,337 in just three days of listing. However, those who wished to buy the shares of NSDL on the National Stock […]
SEBI allows transaction charges for distributors bringing minimum ₹10,000 subscription, effective immediately | Photo Credit: HEMANSHI KAMANI Capital market regulator SEBI has allowed a transaction charges to distributors who bring in minimum subscription of ₹10,000. The decision follows a public consultation on the subject matter carried out in May 2023 followed by an industry consultation […]
BlueStone Jewellery and Lifestyle, which offers contemporary jewellery under its flagship brand ‘BlueStone’, on Friday raised over ₹693 crore from anchor investors days before its initial public offering (IPO) opening for subscription. Institutional investors that participated in the anchor book included Amansa Holdings SBI Life Insurance Company, Nippon India Mutual Fund (MF), Goldman Sachs, Aditya […]
Foreign Portfolio Investors (FPIs) continued their selling streak in Indian markets for the fourth consecutive week ending August 8, 2025, with net outflows of ₹1,334 crore, though this represented a marginal improvement from the previous week’s ₹2,000 crore outflow. The week witnessed significant volatility in FPI flows, with the largest single-day outflow of ₹5,165 crore […]
NCDEX, which commands a dominant share of India’s agri-commodity trade, must also ensure sufficient investment in technology, operations, and risk frameworks before the launch. The National Commodity & Derivatives Exchange (NCDEX) has received an in-principle approval from SEBI to launch equity and equity derivatives trading, but the final go-ahead will depend on meeting a set […]
Axiscades Technologies Ltd reported consolidated revenue of ₹244 crore for the quarter ended June 30, 2025, marking a 9 per cent year-on-year growth from ₹224 crore in the same period last year. The aerospace, defence and electronics company also posted a 25 per cent increase in profit after tax to ₹21 crore. The company’s core […]
Target: ₹1,950 CMP: ₹1,510.65 VA Tech Wabag is a leading Indian multinational focused exclusively on water technology, delivering solutions in municipal and industrial water treatment, including desalination, wastewater treatment, and water reuse. FY25 marked a milestone year for VA Tech Wabag, with the company delivering its highest-ever order book, revenue, EBITDA, and PAT. Strong […]
Markets extended their decline at midday Thursday, with the Sensex falling 427.90 points to 80,116.09 and the Nifty declining 138.75 points to 24,435.45, as investor sentiment remained subdued following the Trump administration’s announcement of an additional 25 per cent tariffs on Indian exports starting August 27. The benchmark Sensex, which opened at 80,262.98 against its […]
Five companies given go-ahead for IPO. Market regulator Securities and Exchange Board of India (SEBI) on Wednesday cleared initial public offerings (IPOs) of four more companies. Prestige Hospitality Ventures, an arm of realty firm Prestige Estates Projects, Anand Rathi Share and Stock Brokers, Epack Prefab Technologies and Gujarat Kidney and Super Speciality have received final […]
NIIT MTS expanded its client base by adding two new managed training services clients, bringing the total to 95. NIIT Learning Systems Limited (NIIT MTS) posted consolidated revenue of ₹451.4 crore for the first quarter of fiscal year 2026, marking an 11 per cent year-on-year increase and 5 per cent sequential growth. The managed learning […]
Target: ₹440 CMP: ₹321.20 Advanced Enzyme Technologies (ADVENZY) started FY26 on a good note wherein Q1-FY26 operating performance (Revenue/EBITDA up about 11/24 per cent q-o-q) has shown signs of improvement as indicated by the management earlier. Top-line growth was largely driven by Human Nutrition segment wherein the largest product Serratiopeptidase (Sera) grew by 49/38 per […]
Equity benchmark indices stage volatility — though off the day’s lows — during the mid-session on Tuesday, as investor sentiment remained under pressure further following Trump’s threat to impose higher tariffs on India due to its Russian oil imports. After falling over 450 points in early trade against previous close of 81,018.72, Sensex traded 319.78 […]
SEBI has suggested a simplified set of disclosures to be submitted to the audit committee The Securities and Exchange Board of India (SEBI) on Monday proposed relaxations for related-party transactions (RPTs), including disclosure norms and a turnover-based framework to determine materiality. For entities with turnover up to ₹20,000 crore, a transaction will be considered material […]
Shares of UPL rallied by nearly 8 per cent in the mid-session trade on Monday after the agrochemicals and pesticide player reported narrowing of consolidated net losses to ₹176 crore during the June quarter. The company’s stock climbed 7.67 per cent to ₹715.75 apiece on the BSE. On the NSE, it jumped by 7.59 per […]
Bharti Hexacom (₹1,843.65) Bulls gain strength The stock of Bharti Hexacom, which gained 3.7 per cent last week, surpassed a resistance at ₹1,830. Notably, it bounced off the support at ₹1,730 last week. Overall, the price action shows that the bulls have been gaining strength. Until the support at ₹1,730 holds, the stock will retain the […]
The outlook for the stock of NTPC (₹330.90) is neutral. Immediate support levels are at ₹311 and ₹287. A close below the latter will change the outlook negative. Nearest resistance levels are at ₹344 and ₹363. A close above the latter will change the outlook positive for NTPC. We expect the stock to move between ₹300 and ₹370 in the near term. F&O […]
Nifty 50 (24,565) was down 1.1 per cent and Nifty Bank (55,618) lost 1.6 per cent last week. The futures and options (F&O) data show a bearish bias. Here is an analysis: Nifty 50 Nifty futures (Aug) (24,627) dropped 1.3 per cent last week and at the same time, there was an increase in the […]
U.S. stocks plunged on Friday, with the S&P 500 logging its biggest daily drop since May after President Trump imposed new tariffs on major trade partners and a weak July jobs report raised concerns over economic momentum. | Photo Credit: JEENAH MOON/Reuters U.S. stocks slumped on Friday, and the S&P suffered its biggest daily percentage […]
The National Stock Exchange (NSE) has agreed to pay ₹40.35 crore to settle charges of indirectly sharing sensitive, unpublished information with external parties with SEBI. The settlement, by neither “admitting nor denying the findings of facts and conclusions of law,” could help the country’s largest stock exchange move closer to reviving its long-pending IPO plans. […]
Markets deepened their decline in afternoon trading on Friday, with both benchmark indices extending morning losses as investors continued to digest the impact of fresh US tariff threats and persistent foreign fund outflows. The BSE Sensex traded 354.62 points lower at 80,830.96, down 0.44 per cent from Thursday’s close of 81,185.58, while the Nifty 50 […]
SEBI also proposes expanding the anchor investor framework by increasing the number of anchor allottees for issues above ₹250 crore, enabling wider foreign fund participation. | Photo Credit: HEMANSHI KAMANI/Reuters The Securities and Exchange Board of India (SEBI) proposed changes to the allocation structure of large initial public offerings (IPOs) on Thursday, including increasing the […]
Shares of Sagility India rallied 10 per cent following a multi-fold jump in consolidated net profit in Q1FY26 on a y-o-y basis. The company posted a profit of ₹148.55 crore for the quarter under review, as against ₹22.29 crore in the corresponding quarter last year. Revenue from operations increased nearly 26 per cent to ₹1,538.94 […]
| Photo Credit: Anindito Mukherjee/Bloomberg Target: ₹400 CMP: ₹338.90 NTPC’s PAT stood at ₹6,108 crore, up 11 per cent y-o-y but down 23 per cent q-o-q, beating our and consensus estimates by 13 per cent. PAT adjusted for regulatory deferral movement stood at ₹4,101 crore. However, the consolidated revenue and EBITDA missed our and consensus […]
Non Institutional Investors part received 1.48 times subscription while the quota for Retail Individual Investors (RIIs) fetched 1.18 times subscription. The portion for Qualified Institutional Buyers (QIBs) received 72 per cent subscription. The initial public offer of National Securities Depository Ltd (NSDL) got fully subscribed within hours of opening for bidding on Wednesday. The ₹4,011-crore […]
NSE has offered a record amount of nearly ₹1,400 crore to settle legal matters | Photo Credit: FRANCIS MASCARENHAS National Stock Exchange of India Ltd. is awaiting a response from the country’s market regulator on its offer to settle long pending cases that could clear the path for its much delayed initial public offering. The […]
Adani Green Energy Ltd reported a 42 per cent year-on-year increase in energy sales to 10,479 million units for Q1 FY26, with revenue rising 31 per cent to ₹3,312 crores. The stock traded at ₹1,012.70 on Tuesday, up 0.88 per cent from the previous close of ₹1,003.90. The renewable energy company’s EBITDA grew 31 […]
In its order Sebi barred it from trading in the securities market but subsequently lifted the ban after the trading firm deposited ₹4843.5 crore as directed by the regulator US-based trading firm Jane Street has sought an extension from the Securities and Exchange Board of India to respond to its interim order issued on July […]
Equity benchmark indices continued to trade lower in the mid-trading session on Monday. Kotak Mahindra Bank dragged the banking and financial stocks. Tech-heavy IT stocks dipped as investors reacted to concerns over workforce cuts at TCS. Apart from these sector-specific triggers, broader market sentiment remains weak due to Q1 earnings and ongoing uncertainty in the […]
HDFC Bank, Bharti Airtel, ICICI Bank and State Bank of India made gains in their valuation. | Photo Credit: champpixs The combined market valuation of 6 of the top-10 most valued firms diminished by ₹2.22 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, […]
Businessman use tablet and smart phone for Stock Market istock photo for BL | Photo Credit: Orientfootage Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors’ sentiment, analysts said. Macroeconomic data announcements, monthly auto […]
Amagi Media Labs Limited, a software-as-a-service (SaaS) company, has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO). According to the DRHP, the proposed IPO combines a fresh issue of equity shares aggregating up to ₹1,020 crore with an offer for sale (OFS) […]
Amagi Media Labs, which offers cloud-based software as a service (SaaS) solution for broadcast and video content, has filed preliminary papers with SEBI seeking its approval to raise funds through an initial public offering. The proposed IPO of the Bengaluru-headquartered company combines a fresh issue of shares worth ₹1,020 crore along with an offer for […]
Indiqube Spaces proposes to utilise the fresh capital of ₹462.6 crore towards funding capital expenditure for setting up new centres, ₹93 crore for repayment, and the remainder for general corporate purposes The initial public offerings of GNG Electronics and Indiqube Spaces closed today on strong note especially the former generating a whopping subscription of nearly […]
The technical outlook remains challenging, with analysts noting that the Nifty is falling from the same supply zone of 25,500-25,800 that triggered sharp declines in October last year. Markets extended their morning losses by mid-day Friday, with the Nifty falling over 200 points to breach the psychologically important 25,000 level as persistent foreign institutional investor […]
Markets witnessed sharp profit-booking on Thursday, with benchmark indices reversing early gains to close significantly lower as disappointing quarterly earnings from IT majors triggered a sector-wide selloff that overshadowed positive manufacturing PMI data and global cues. The Sensex plunged 542.47 points or 0.66 per cent to close at 82,184.17, while the Nifty fell 157.80 […]
quote trade ensure best price In financial markets, the pursuit of the best price is a key objective for traders, especially when dealing with large or sensitive transactions. One approach that has gained attention is the use of a quote trade. A quote trade involves negotiating directly with a counterparty or broker to receive a […]
Fund raise by Non-Banking Financial Companies (NBFCs) through perpetual bonds jumped 69 per cent last fiscal (FY25) to ₹16,185 crore against ₹9,549 crore in FY24 with the Reserve Bank of India (RBI) last year tightening bank fund flow to NBFCs due to their run-away growth. And the fund raising continues into FY26. The RBI had […]
Blocks deals worth $371 million were seen in the stocks of two real estate companies — Oberoi Realty and Lodha Developers. The seller in the two blocks was the same investor, Invesco Developing Markets Fund. Exchange filing showed that Invesco sold around 1.1 crore shares of Oberoi Realty or 3 per cent of its equity […]
Equity benchmark indices continued upward momentum in mid-trading session guided by US-Japan trade deal optimism. With boosted investor confidence, market experts see potential for rally. Sensex traded 360.20 pts or 0.44 per cent higher at 82,547.01 as at 1.16 pm (close to intraday high of 82,632.99) and Nifty 50 climbed 105.35 pts or 0.42 per […]
The domestic market ended nearly flat, lacking clear direction amid mixed earnings announcements and muted global cues. Investors, staging cautious stance, seemed to have opted for profit booking. After opening with a positive note, the market slipped into weakness in the early part of the session. It later shifted into a choppy movement with weak bias […]
Equity benchmark indices traded with modest gains in the mid-trading session, highly reactive to earnings season. Sensex rose 151.26 pts or 0.18 per cent at 82,351.60 as at 12.51 pm, after opening at 82,527.43 against the previous close of 82,200.34. Nifty 50 was up 20.60 pts or 0.08 per cent to 25,111.30. Midcap and smallcap indices […]
SBI’s Committee of Directors had approved ₹811.05 a equity share as the floor price for the QIP issue of fully paid-up equity shares of face value ₹1 each | Photo Credit: RUPAK DE CHOWDHURI State Bank of India (SBI) has raised ₹25,000 crore via qualified institutions placement (QIP) of equity shares at an issue price […]
Markets turned positive by midday on Monday, with benchmark indices reversing early losses led by gains in banking and infrastructure stocks. As of 12:30 PM, the Sensex climbed 315.97 points or 0.39 per cent to 82,073.70, while the Nifty50 advanced 54.05 points or 0.22 per cent to 25,022.45. This comes after a flat opening earlier […]
Indiqube Spaces Ltd prepares for IPO, reports net loss of ₹139.61 crore, aims to raise ₹700 crore. | Photo Credit: istock Coworking firm Indiqube Spaces Ltd, which will soon launch an initial public offering (IPO), has posted a net loss of ₹139.61 crore during the last fiscal on higher expenses. The net loss of Indiqube […]
The combined market valuation of 6 of the top-10 most valued firms declined by ₹94,433.12 crore last week, with Tata Consultancy Services and Reliance Industries taking the biggest hit, in line with a bearish trend in equities. Last week, the BSE benchmark tumbled 742.74 points or 0.90 per cent. While Reliance Industries, HDFC Bank, Tata […]
The issue will open on August 1, 2025, and the last date for on market renunciation of rights entitlement will be August 6, 2025 The Board of Directors of Spandana Sphoorty Financial approved a rights issue for up to ₹400 crore at a price of ₹230 per share including a face value of ₹10 and a premium […]
AceVector’s IPO plans mark the latest in a string of major tech-enabled firms tapping Indian capital markets. | Photo Credit: iStockphoto AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator SEBI to raise funds through an initial public offering (IPO). In a public announcement on Saturday, AceVector stated that […]
Investors can express their view on SEBI consultation paper by August 8. | Photo Credit: HEMANSHI KAMANI Capital markets regulator SEBI is planning to allow equity mutual fund schemes to diversify by investing a residual portion in other asset classes such as debt, gold, silver, REITs and InvITs. Residual portion refers to the remaining part […]
Markets extended their morning losses through the midday session on Friday, with the Sensex falling over 600 points and the Nifty sliding below 25,000 levels as selling pressure mounted across sectors. The Sensex was trading at 81,657.13, down 602.11 points or 0.73 per cent from its previous close of 82,259.24. The benchmark index opened at […]
Target: ₹6,400 CMP: ₹5,420.80 Fine Organics Americas, a 100 per cent subsidiary of Fine Organic Industries, has acquired about 160 acres in South Carolina (the US) to set up a full-scale manufacturing facility. This expansion would strengthen its US presence, enhance service for existing clients and unlock new growth opportunities. While volume growth is expected […]
Shares of Smartworks Coworking Spaces zoomed nearly 15 per cent following a quite but positive debut over the issue price of ₹407 on Thursday. On the BSE, the stock listed at ₹436.10, a 7.14 per cent, and soared to a high of ₹469. On the NSE, it debuted at ₹435, up 6.87 per cent and […]
Broking firm Angel One’s net profit for the June quarter fell over 60 per cent to ₹114.5 crore from ₹292.7 crore a year ago, as its revenue took a hit from SEBI’s curbs on excessive speculation in the equity derivatives market. Total consolidated revenue fell to ₹1,141 crore (₹1,405 crore), down over 18 per cent. […]
HDB Financial Services saw a 3.7% decline in its shares after reporting a 2.4% drop in net profit to ₹568 crore for the quarter ending June. | Photo Credit: REUTERS/Dado Ruvic Shares of HDB Financial Services declined 3.7 per cent following a 2.4 per cent decline in net profit for the quarter ended June at […]
Target: ₹370 CMP: ₹360.55 Firstsource Solutions’ (FSOL) FY25 annual report provided insights into the progress made on the growth strategy encompassing the ‘One Firstsource’ framework, with focus on seven strategic levers, including organisational structure simplification and expanding multi-tower relationships with cross-selling/up-selling in potential growth accounts. Consistent execution of this framework, coupled with initial traction in […]
HCL Technologies stock tanked over 4 per cent on Tuesday after the company reported a 9.7 per cent decline in consolidated net profit for the June quarter, leaving brokerages divided in their outlook. Emphasising that the IT services firm remains the fastest-growing large-cap IT services company with an all-weather portfolio, Motilal Oswal reiterated buy rating […]
Nithin Kamath, Founder and CEO, Zerodha Zerodha founder and CEO Nithin Kamath has red-flagged distortion in stock market pricing mechanism due to lack of short-selling opportunities. In an official X post, Kamath said the lack of short selling in Indian markets is causing potential market distortions and unless shorting of stock is made easy in […]
Markets remained under pressure during midday trading on Monday, with the Sensex down 365.29 points to 82,135.18 and the Nifty declining 101.55 points to 25,048.30 as of 12.31 PM. The benchmark indices extended their morning losses amid continued concerns over potential US tariffs on India and persistent weakness in information technology stocks. The Sensex, […]
The company’s profit after tax surged 187.3 per cent to ₹280.6 crore in FY25 Oswal Pumps Limited posted total income of ₹1,432.9 crore in FY25, marking an 88.2 per cent year-on-year increase from ₹761.2 crore in the previous fiscal year. The solar pump manufacturer announced its annual results on July 10, 2025. The company’s […]
The markets closed sharply lower on Friday, with the Sensex tumbling 689.81 points or 0.83 per cent to 82,500.47 and the Nifty 50 declining 205.40 points or 0.81 per cent to 25,149.85, as disappointing earnings from IT major Tata Consultancy Services (TCS) and mounting concerns over US tariff policies dampened investor sentiment. The session began […]
Target: ₹4,420 CMP: ₹6,067.30 Tata Elxsi (TELX) reported a disappointing print vs I-Sec’s already muted estimates. Q1-FY26 marks the fourth straight quarter of muted revenue performance. Large deal wins are taking longer to convert owing to the tough demand environment across verticals. With poor revenue performance, EBIT margin was also down to 18.2 per cent […]
Asia’s oldest stock exchange was preparing to celebrate its 150th anniversary when a storm of bad news upended the festivities. On Monday, a report revealed deepening losses in equity derivatives among India’s retail traders, fueling concerns that the Securities and Exchange Board of India may impose tighter curbs. Just days earlier, the regulator barred Jane […]
Exchanges enforce throttles or limits to prevent system overload and unfair advantage for ultra-fast traders | Photo Credit: FRANCIS MASCARENHAS BSE’s new throttle charges have added to the troubles of algorithmic and high-frequency traders and stock brokers alike — tightening free usage limits, making order-heavy strategies costlier and increasing margin pressures, said industry experts. Under […]
BSE’s MD and CEO Sundararaman Ramamurthy along with Swastika Investmart’s Chairman and MD Sunil Nyati and CEO Parth Nyati at the event. Swastika Investmart Limited celebrated three decades of listing on the Bombay Stock Exchange (BSE) by ringing the bell at BSE on Friday. Chairman and MD Sunil Nyati, along with BSE’s MD and CEO […]
Target: ₹253 CMP: ₹204.90 Weaker realisations arising from volatility in PVC prices, coupled with subdued volume growth, have impacted revenue booking of Finolex’s PVC pipes and fittings business. Revenues slid to ₹1,168 crore in Q4-FY25 from ₹1,182 crore a year before. PVC resin volumes nosedived too: 56,018 tonnes vs 69,215 tonnes. With poor volume offtake, […]
India’s primary market is set for a strong rebound after a slow start to the year, with up to $18 billion expected to be raised through initial public offerings in the second half of 2025, according to Jefferies Financial Group. Among the most anticipated listings is Tata Capital Ltd., which is gearing up for a […]
The idea is to provide everything an FPI may need to trade in India under one roof, instead of making them scan through multiple platforms, one of the sources said. | Photo Credit: HEMANSHI KAMANI The Securities and Exchange Board of India (SEBI), along with market infrastructure institutions (MIIs), is developing a centralised online portal […]
Shares of Crizac Ltd made a strong debut on bourses on Wednesday, closely inline with D-Street expectations. It was listed at ₹281.05 on the NSE, a premium of 14.71 per cent; and at ₹280 on the BSE, a premium of 14.82 per cent, against the IPO price of ₹245. Market experts believed the stock to list […]
The National Stock Exchange (NSE) building in Mumbai with a statue of a bull and six human figures representing an Indian family | Photo Credit: SPECIAL ARRANGEMENT The Securities and Exchange Board of India’s (SEBI) action against global trading firm Jane Street is beginning to cast a shadow on the derivatives market as NSE’s equity […]
Equity benchmark indices Sensex and Nifty were trading marginally higher in the morning trade on Tuesday after a weak beginning as investors stayed on the sidelines ahead of the formal announcement of a trade deal with the US. Rally in Asian markets and fresh foreign fund inflows also helped markets recover the early lost ground, […]
Even though foreign funds have joint venture with Indian AMCs, it cannot outsource its advisory service to the Indian arm due to SEBI regulations | Photo Credit: HEMANSHI KAMANI Capital markets regulator SEBI plans to allow asset management companies to provide advisory services to pooled non-broad based funds to expand their business opportunities. This move […]
The company faces a ₹1,902.72 crore demand notice from the Office of Deputy Director of Mines, Jajpur, over alleged shortfall in mineral dispatch from its Sukinda Chromite Block. | Photo Credit: FRANCIS MASCARENHAS Tata Steel shares fell 0.63 per cent to ₹161.99 on NSE as of 11.47 AM on July 7, trading down from the […]
Brokerages PL Capital and JM Financial also supported the move, citing strengthened finances and accelerated growth plans, including expansion in edutainment, live content, sports IPs, and 3D R&D. | Photo Credit: DADO RUVIC/Reuters Proxy advisory firm SES, has changed its earlier stance and voted in favour of Zee Entertainment’s resolution to issue convertible warrants to […]
As of June 2025, there are 176 manufacturers across India holding valid BIS licenses for protective helmets. | Photo Credit: GOVARTHAN M The Department of Consumer Affairs on Saturday urged consumers across the country to ensure they use only BIS-certified helmets. It has also called for strict enforcement and action against the manufacture or sale […]
Brightcom Group Limited, the ad-tech company which was under SEBI scanner for violation of accounting norms, has said that the BSE and NSE have revoked the suspension in trading of its shares. Consequently, trading in the company’s shares will resume on July 14. Brightcom Group has affirmed that it diligently complied with all necessary regulatory […]
Zerodha founder and CEO Nithin Kamath Zerodha founder and CEO Nithin Kamath has cautioned that retail trading activity could be impacted if proprietary trading firms like Jane Street, which contribute nearly 50 per cent of options trading volumes, scale back their participation in the market. This development could have negative implications for both exchanges and […]
The ₹860-crore IPO from the B2B education platform for agents and global institutions of higher education enters was entirely an offer-for-sale by promoters Pinky Agarwal and Manish Agarwa | Photo Credit: VENKATACHALAPATHY C The public issue of Crizac was subscribed 59.82 times as all category of investors shown keen interest. The initial public offering of Crizac, […]
FILE PHOTO: Bombay Stock Exchange (BSE) in Mumbai | Photo Credit: FRANCIS MASCARENHAS BSE shares cracked 6.12 per cent due to profit booking on Friday and investors’ sentiment seemed to have startled following SEBI’s action on the US-based trading firm Jane Street. The markets regulator SEBI barred Jane Street from the securities markets and directed […]
Target: ₹551 CMP: ₹445.45 We recently attended a field visit to Hindustan Zinc’s (HZL) Chanderiya smelting complex and the underground mining operations at Rampura Agucha in Rajasthan – two of the company’s flagship assets. The visit concluded with an engaging interaction with the CFO, Sandeep Modi, offering valuable insights into the company’s strategy and outlook. […]
IndiGo has already seen substantial positive price action, stated Nuvama Alternative & Quantitative Research | Photo Credit: ANUSHREE FADNAVIS IndiGo-parent InterGlobe Aviation and Max Healthcare are likely top be added to the benchmark Nifty 50 index during the September 2025 review, according to Nuvama Alternative & Quantitative Research. BSE has zero probability of being included […]
Shares of travel and lifestyle loyalty programmes operator Dreamfolks Services fell over 5.5 per cent on the NSE, after the company clarified in a filing that certain loyalty programmes it runs for Axis Bank and ICICI Bank had been closed with effect from July 1. “While the Company is currently evaluating the exact potential impact […]
Shares of non-bank arm of HDFC Bank, HDB Financial Services, debuted on bourses at a 13 per cent premium on Wednesday. The stock traded flat as at 10.15 am on the NSE and BSE at ₹840.10 and ₹839.85, respectively. It debuted at 12.84 per cent premium on the stock exchanges at ₹835 against the IPO […]
We estimate a 26 per cent CAGR in financial services revenue, with the segment’s share in total revenue expected to rise by more than 250bp to around 27 per cent by FY28E | Photo Credit: SAHIBA CHAWDHARY Target: ₹1,000 CMP: ₹930 One97 Communications (Paytm) business metrics continue to see a gradual recovery, led by healthy […]
Raymond Realty Limited made its stock market debut today on the NSE and BSE after being demerged from Raymond Ltd. Raymond Realty Limited made its stock market debut today on the NSE and BSE following its demerger from Raymond Ltd, opening at ₹1,000 against an issue price of ₹1,039.30. The stock traded in a volatile […]
Tenneco Group generated $16,777 million in revenue in the year ended December 31, 2024 Tenneco Clean Air India, part of the US-headquartered automotive component supplier Tenneco Group, has filed a draft red herring prospectus for a ₹3000 crore initial public offering, the entire issue being an offer for sale by its promoter. The promoter selling […]
Cloud kitchens operator Curefoods India on Sunday filed preliminary papers with markets regulator SEBI seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth ₹800 crore, and an offer-for-sale of 4.85 crore equity shares by existing shareholders, according to the draft […]
Foodlink F&B Holdings (India), a catering and food retail chain company, has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issue of equity shares of up to ₹160 crore and an offer for sale of over 1.19 crore shares […]
Nine of the top-10 most valued firms together added ₹2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-line with a buoyant trend in equities. Last week, the BSE benchmark surged 1,650.73 points or 2 per cent. From the top-10 pack, Infosys emerged as the only laggard, facing erosion […]
Indian equity markets have staged a remarkable comeback, with major indices now trading just 1-5 per cent below their September 24, 2024, peaks, following a swift recovery from early-March 2025 lows. The correction phase between September 2024 and March 4, 2025, was severe — the Nifty 100 plunged 17 per cent, while Nifty Midcap 150 […]
Mr. Warren Edward Buffett | Photo Credit: Gunasekar K S 10192@Chennai Warren Buffett donated on Friday another $6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B […]
Vikash Agarwal, CMD of Crizac Ltd is addressing the media at their IPO announcement in Mumbai Crizac on Friday fixed the IPO price band at ₹233-245 a share for its upcoming initial public offering. The ₹860-crore IPO will open for public on July 2 and conclude on July 4. Investors can bid for a minimum […]
Wakefit Innovations Ltd filed draft papers with SEBI on Thursday for an initial public offering comprising a fresh issue of ₹468.22 crore and an offer-for-sale of up to 5.8 crore equity shares. The company may also consider a pre-IPO placement of up to ₹93.64 crore, which would reduce the fresh issue amount accordingly. The […]
The current three-day uptrend is being driven by easing geopolitical tensions, macroeconomic support from weak dollar and strong domestic flows | Photo Credit: FRANCIS MASCARENHAS Stock indices closed at a nine-month high on Thursday, rising for the third straight session led by a rally in private bank stocks, Reliance Industries, and supported by metal stocks. […]
Taking cues of easing geopolitical tensions, equity indices surged in early trade after a mutued opening. However, market experts believe investors would embrace a wait-and-watch approach. Sensex zoomed 515.22 pts or 0.62 per cent to 83,270.73 as at 9.56 am after opening at 82,882.92, and Nifty 50 soared 162.45 pts or 0.64 per cent to […]
Gandhinagar becomes the fifth municipal corporation in Gujarat to issue municipal bonds | Photo Credit: FRANCIS MASCARENHAS Our Bureau Gandhinagar Municipal Corporation (GMC) on Wednesday announced the listing of its ₹25 crore municipal bond on the National Stock Exchange (NSE). The listing was carried out through a ceremonial bell ringing, held in the presence of […]
Benchmark indices opened sharply higher on Wednesday morning, with the Sensex opening at 82,448.80, up from its previous close of 82,055.11, and climbing further to 82,592.05 at 9:46 am, a gain of 536.94 points or 0.65 per cent. The Nifty also opened stronger at 25,150.35 compared to its previous close of 25,044.35, and was trading […]
The move, aimed at ensuring compliance with the Articles of Association and Companies Act, is being viewed as a double-edged sword — enhancing governance but likely causing delays and adding procedural burden. | Photo Credit: SHAILESH ANDRADE Off-market share transfers in private limited companies will now require prior written consent from the company, as per […]
Defence stocks crashed in early trade on Tuesday on profit booking at higher level following US President Trump’s announcement of a ceasefire between Israel and Iran, although they are yet to head towards it. Despite the upward momentum of equity benchmark indices, Nifty defence index declined by 2 per cent at around 10 am. The […]
The new ODI framework is now scheduled to kick in from November 17, after being extended from the earlier May 17 deadline A working group set up by the Securities and Exchange Board of India (SEBI) is drafting a standard operating procedure (SOP) to implement tighter norms on offshore derivative instruments (ODIs) issued by foreign […]
Only three stocks managed to gain in the Nifty 50 index during morning trade Markets opened sharply lower on Monday morning, with the Nifty 50 opening at 24,939.75, down from its previous close of 25,112.40, and trading at 24,871.95 at 9:44 am, down 240.45 points or 0.96 per cent. Similarly, the Sensex opened at 81,704.07 […]
India Cements is selling its entire equity investment held in Industrial Chemicals and Monomers Ltd (ICML) to Mirai Sensing Private Ltd for ₹98 crore, the company said in an announcement to the Bombay Stock Exchange. Upon completion of the said sale, ICML would cease to be a subsidiary, the announcement adds. The annual report 2024 […]
State-run power giant NTPC board on Saturday approved the proposal to raise up to ₹18,000 crore through the issuance of NCDs or bonds on private placement in the domestic market. The board of directors of the company in its meeting on Saturday also considered and approved the draft notice of postal ballot in respect of […]
CG Power and Industrial Solutions (₹688.45) Eyeing a breakout The stock of CG Power and Industrial Solutions, currently trading at ₹688, faces a resistance at ₹705. While the scrip has been struggling to break out of this hurdle over the last month, we expect it to surpass this level soon. Supporting this, the price action shows […]
The inflows were largely supported by significant buying activity on Wednesday and Friday | Photo Credit: FRANCIS MASCARENHAS Mumbai Foreign investment in the Indian equity market remained positive during the week from June 16 to June 20, though the net inflows declined compared to the previous week, as per the latest data released by the […]
Nippon India Mutual Fund, BlackRock, Societe Generale, Morgan Stanley and others on Friday collectively bought a 10 per cent stake in Sai Life Sciences from US-based asset manager TPG for ₹1,505 crore through open market transactions. Besides, Axis Mutual Fund (MF), Aditya Birla Sun Life MF, Invesco MF, Norway’s Government Pension Fund Global, German multinational […]
Shares of Sun TV Network tanked 5 per cent in early trade on Friday amid legal feud between the Maran brothers. DMK MP Dayanidhi Maran served a legal notice on his brother and Sun Network Executive Chairman Kalanithi Maran alleging that the latter along with seven others was involved in unlawful share transfers concerning Sun TV Network […]
DMK MP Dayanidhi Maran has served a legal notice on his brother and Sun Network Executive chairman Kalanithi Maran alleging that the latter along with seven others was involved in unlawful share transfers concerning Sun TV Network Limited and affiliated companies. Kalanithi Maran | Photo Credit: VEDHAN M In the legal notice dated June 10, […]
Markets opened with mixed signals on Thursday morning, with the Sensex gaining 68.48 points (0.08 per cent) to 81,513.14 and the Nifty rising 28.65 points (0.12 per cent) to 24,840.70, despite earlier predictions of a subdued start following the US Federal Reserve’s policy decision and escalating Israel-Iran tensions. The benchmark indices showed resilience in early […]
A key proposal on the independence of ownership of clearing corporations did not reach a conclusion to formulate into a circular yet. | Photo Credit: HEMANSHI KAMANI The Securities and Exchange Board of India (SEBI) has approved a slew of measures aimed at ease-of-doing-business and rationalisation of regulations, including easing restrictions on employee stock options […]
Shares of BSE Ltd tanked 6 per cent on Wednesday after investors observed the shift in futures and options (F&O) expiry from Tuesdays to Thursdays which could lead to loss of market share. Brokerages took divergent calls. Motilal Oswal has downgraded the stock to neutral from buy at a one-year target price of ₹2,300. Motilal […]
Vedanta Ltd is set to sell up to 1.6% stake in Hindustan Zinc through a block deal valued at $350 million, offering up to 6.67 crore shares at a floor price of ₹452.50 — a 7% discount to Tuesday’s closing price. | Photo Credit: DANISH SIDDIQUI/Reuters Vedanta Ltd is planning to sell up to 1.6 […]
Markets opened lower on Tuesday morning with the Sensex opening at 81,869.47 but is currently trading at 81,585.79, down 210.36 points or 0.26 per cent from its previous close of 81,796.15. The Nifty also declined by 73.80 points or 0.30 per cent, currently at 24,872.70 after opening at 24,891.80, compared to Monday’s close of 24,946.50 […]
With the stake sale today RIL will be holding around 2 lakh shares of Asian Paints. | Photo Credit: Dado Ruvic Reliance Industries has sold 85 lakh shares of Asian Paints in a block deal at ₹2,207 apiece for a total amount of ₹1,876 crore, according to exchange data. The entire lot was picked up […]
FILE PHOTO: People stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS Bajaj Finance stocks today, Bajaj Finance share price live updates: Shares of Bajaj Finance in focus after it began trading adjusted […]
Target: ₹713 CMP: ₹793.15 Jubilant Ingrevia is one of the leading players in India supplying chemical intermediates to agrochemical innovators for almost 3 decades. The company is now transitioning to become a CDMO player and has already signed 2 contracts for agro CDMO, one of which is worth $300 million and will start contributing to […]
Solar panel manufacturer Rayzon Solar Ltd is planning to file draft papers with markets regulator SEBI by the end of the month, as it prepares for a ₹1,500-crore initial public offering (IPO), people familiar with the plan said on Friday. The Surat-based company has already roped in top investment banks to manage the public offering. […]
Tech Mahindra, TCS, Maruti Suzuki, and Sun Pharma gain as broader markets falter amid geopolitical tensions. Shares of Tech Mahindra Ltd., Tata Consultancy Services Ltd. (TCS), Maruti Suzuki India Ltd., and Sun Pharmaceutical Industries Ltd. were the only gainers in Friday’s session, as broader markets came under pressure from renewed geopolitical tensions. On the flip […]
The Sensex and Nifty posted weekly losses of 1.1-1.3 per cent. | Photo Credit: iStockphoto Gold prices rose to record highs, crude spiked, rupee fell below 86 to the dollar and Indian government securities firmed up as escalating tensions between Iran and Israel kept investors jittery. Israel’s overnight attacks on Iran, targeting its nuclear facilities, […]
Target: ₹560 CMP: ₹423.80 We interacted with Repco Home Finance’s management to understand the drivers of loan growth acceleration, factors which will influence portfolio spread/NIM and actions taken to consistently reduce the overdue portfolio and NPLs. The management was quite confident about achieving the guided disbursements of ₹40,000 crore in the current year and reaching […]
his strategic stake sale highlights Reliance’s ongoing portfolio recalibration while SBI Mutual Fund strengthens its presence in the paint major. | Photo Credit: Dado Ruvic/Reuters Billionaire Mukesh Ambani-led Reliance Industries on Thursday divested a 3.64 per cent stake in Asian Paints, while SBI Mutual Fund picked up the shares for Rs 7,703 crore through an […]
NSDL’s shares in the unlisted market have surged around 50 per cent to around ₹1,200 over in the past two months | Photo Credit: cueapi The country’s largest depository, National Securities Depository (NSDL), is gearing up to launch its initial public offering (IPO) worth around ₹3,400 crore as early as July, according to people familiar […]
Positive US inflation data has eased pressure on central banks and could benefit rate-sensitive sectors. . Domestic markets are expected to open flat on Thursday amid mixed global cues. Gift Nifty at 25,200 signals a flattish opening. Analysts expect the market to remain in a consolidation phase. The US inflation figures come as a positive […]
Stocks added to the ASM list are subjected to enhanced scrutiny and trading restriction. Shares of BSE dipped 4.4 per cent to end at ₹2,872 after the stock was placed under the additional surveillance measure (ASM) framework by NSE, triggering investor caution. Unusual price movements and high volumes were some of the parameters that were […]
CreditAccess Grameen Ltd has secured a USD 100 million multi-currency syndicated social loan facility, qualifying as an External Commercial Borrowing (ECB) under the automatic route of the Reserve Bank of India (RBI). This ECB facility is the first of its kind in India’s microfinance sector, comprising Japanese Yen (JPY) and United States Dollar (USD) currencies, predominantly […]
SEBI authorises transfer of core SGF from currency to equity derivatives | Photo Credit: FRANCIS MASCARENHAS After a significant drop in exchange traded currency trading volumes, the Securities and Exchange Board of India (SEBI) has authorised clearing corporations to carry out a one-off transfer of their core settlement guarantee funds (SGF) from the currency derivatives […]
Options data reflects a bullish bias, with aggressive put writing and Max Pain around 25,000. Indian equity markets are expected to open on a positive note on Tuesday, amid mixed global cues. Analysts expect the consolidation phase to continue due to strong macro factors. Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd, said […]
Ahead of its IPO debut, mattress and home solutions brand Wakefit. co has converted its name from “Wakefit Innovations Private Limited ” to “Wakefit Innovations Limited,” according to a Registrar of Companies (RoC) filing from Tofler. The Bengaluru-based startup had earlier initiated plans to launch its IPO in 2025, targeting a valuation of ₹1,500 to […]
Indian markets are poised for a positive start on Monday, buoyed by the Reserve Bank of India’s surprise 50 bps repo rate and 100 bps CRR cut, signalling policy support. | Photo Credit: iStockphoto Markets are likely to open in a positive zone on Monday amid a strong undercurrent in favour of bulls. After the […]
RBI governor made it clear that the RBI will not shy away from taking any action against IndusInd Bank and the law will take its own course if there are any criminalities in the matter. | Photo Credit: ANUSHREE FADNAVIS Shares of IndusInd Bank on Friday climbed 2.50 per cent after Reserve Bank of India […]
Government bonds written in a note. Trading concept. | Photo Credit: designer491 The initial cheer about the larger-than-expected 50 basis points repo rate cut gave way to disappointment in the Government Securities (G-Secs) market on Friday, as the RBI’s rate-setting panel announced a change in monetary policy stance from “accommodative” to “neutral”. Yield of the […]
Aditya Birla Fashion and Retail (₹77.79) Tests a crucial base The stock of Aditya Birla Fashion and Retail got hammered and it lost a little over 16 per cent over the past three weeks. However, there are important supports ahead, which can arrest the downtrend. The ₹73-77 is the nearest base followed by ₹68 and […]
Shares of Bajaj Finserv rose 2.30% to close at ₹1,988.70 apiece on the NSE. | Photo Credit: iStockphoto SBI MF, Morgan Stanley and Goldman Sachs, among others, on Friday cumulatively bought a 1.8 per cent stake in Bajaj Finserv for ₹5,506 crore from promoter entities. Besides, JP Morgan India, Citigroup Global, Societe Generale, SBI Life, […]
Mutual funds mobilised over ₹1 lakh crore through new offerings. Thematic and sectoral funds have recently gained popularity among both investors and fund houses. In FY25 alone, 52 such active schemes were launched — the highest number in any financial year so far. If one includes index and ETF funds based on sectoral themes like […]
File picture: RBI expected to cut its key lending rates by 25 basis points (bps) for the third consecutive meeting in its policy decision Indian shares are set to open higher on Friday, ahead of the Reserve Bank of India’s (RBI) policy announcement, where a rate cut is widely anticipated. The Gift Nifty futures were trading […]
NCDEX decides to opt out of the current contest for expiry days. The National Commodity & Derivatives Exchange Ltd (NCDEX) does not plan to apply for a weekly expiry day under SEBI’s recent directive requiring exchanges to choose between Tuesday or Thursday for contract expiries by June 15, according to sources. “We do not plan […]
Domestic markets are expected to open on a flat note on Thursday amid a cautious mood among traders and investors. Analysts expect the consolidation phase to continue as all eyes are now on tomorrow’s RBI policy outcome. The markets expect the central bank to announce a 25 bps rate cut. Meanwhile, the HSBC India services purchasing […]
Flipkart Investments exited its entire 6 per cent stake in Aditya Birla Fashion & Retail Over ₹3,500 crore worth of block deals were transacted on the exchanges on Wednesday, with investors in two of the companies exiting their investments. Ecommerce player Flipkart exited its entire 6 per cent stake in Aditya Birla Fashion & Retail […]
Domestic markets are likely to remain volatile amid lack of domestic triggers. The focus has now shifted to the RBI monetary policy outcome that will be revealed on Friday, at the end of the central bank’s three-day deliberations. According to analysts, the market has already discounted a 25 bps rate cut. Siddhartha Khemka, Head – […]
Focused on small- and mid-cap equities, the Emkay SMID Cap Growth Engine Fund aims to deliver long-term capital appreciation Emkay Investment Managers, the asset management arm of Emkay Global Financial Services, on Tuesday announced the launch of the ‘Emkay SMID cap growth engine fund’, targeting ₹500-1,000 crore assets under management (AUM) in 2025-26. The open-ended […]
NSE Building | Photo Credit: Dinakaran Gift Nifty at 24,855 signals another flat opening as the market is in a consolidation phase. Analysts expect the market to remain volatile as foreign portfolio investors remaine cautious about the Indian market. With the results season almost coming to an end, the focus now shifts to the upcoming […]
