Share Market

Food and grocery delivery major Swiggy has received markets regulator Sebi’s clearance to launch its much-anticipated initial public offering (IPO), according to reports. The Rs 11,000-crore IPO is expected to be launched in November. Swiggy filed its offer document on April 30 through the confidential pre-filing route, keeping details undisclosed for the time being. Under … Read more

The Rs 777-crore share sale had a price range of Rs 249-263 per share. Shares of nonbanking financial institution Northern Arc Capital Ltd jumped over 33 per cent in market debut on Tuesday against the issue price of Rs 263. Shares of non-banking financial institution Northern Arc Capital Ltd jumped over 33 per cent in … Read more

Even as the rate cut cycle has started globally with the US Federal Reserve slashing the key interest rates by a huge 50 basis points (bps), the RBI is still expected to keep its repo rate unchanged amid persisting food inflation. However, after back-to-back rate hikes in the past two years, four are currently offering … Read more

According to the data with the depositories, FPIs put in a net investment of Rs 33,691 crore into equities this month (till September 20). (Representative image) Foreign investors have injected close to Rs 33,700 crore in domestic equities in this month so far Foreign investors have injected close to Rs 33,700 crore in domestic equities … Read more

Arkade Developers IPO Allotment Finalised, GMP Today: The share allotment of the Arkade Developers IPO, which was available for public subscription between September 16 and September 19, has been finalised. Investors must have got a bank debit message if they are allotted shares. They can also check allotment status on the websites of BSE and … Read more

The new LIC mutual fund scheme aims to provide a diversified portfolio of companies that come under the ambit of manufacturing theme. The LIC Manufacturing Fund scheme will be benchmarked to the Nifty India Manufacturing Index (Total Return Index). LIC Mutual Fund on Friday launched a new open-ended equity scheme following the manufacturing theme — … Read more

The US Federal Reserve has cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. The rate cut, the Fed’s first in more than four years, reflects its new focus on … Read more

There are 120 thematic funds and 65 sectoral funds in all at present. It is important for investors to stay updated about the latest market trends and economic developments and take well informed decisions while putting money into these funds, says ICRA Analystics in its report. The significant surge in inflows into sectoral and thematic … Read more

Shares of Tata Motors dipped 3 per cent to Rs 960.65 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade amid heavy volumes. This comes after Tata Motors Ltd on Tuesday informed stock exchanges that TML Securities Trust has sold 1,14,97,462 new ordinary shares (NOS) on the stock exchanges for the purpose of distribution … Read more

Last Updated: September 16, 2024, 13:42 IST IndiGo airline. (File photo) Shares of SpiceJet and InterGlobe Aviation (IndiGo) gained on September 16; Here’s why Shares of SpiceJet and InterGlobe Aviation (IndiGo) gained on September 16 after data released last week showed that competition among domestic airlines in India is heating. The market share of Air … Read more

Published By: Mohammad Haris Last Updated: September 15, 2024, 13:48 IST Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. Nine of the top10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’ sentiment in equities. Nine of the … Read more

Last Updated: September 13, 2024, 11:43 IST Life Insurance Corp (LIC) has hiked its stake in Railway PSU Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent, the state-run insurance company said in an exchange filing. In a regulatory filing, LIC said its holding in railway sector ‘miniratna’ PSU has increased 2.02 … Read more

Last Updated: September 13, 2024, 13:44 IST Hindustan Aeronautics Ltd. or HAL shares gained over a percent in trade on September 13 after reports suggested the public sector defense player could be the next to a ‘Maharatna’ PSU. According to CNBC-TV18, HAL could be upgraded to ‘Navratna’ to ‘Maharatna’ by the end of this year. … Read more

The 30-share BSE Sensex pack surged 1,593 points to hit an all-time high of 83,116, while the broader NSE Nifty index moved 515 points to higher scale a lifetime peak of 25,433 on F&O expiry day. Such was the rise in the domestic bourses that over Rs 6.9 lakh crore of BSE market capitalisation (m-cap) … Read more

PN Gadgil Jewellers IPO: The initial public offering of PN Gadgil Jewellers Ltd, which opened on Tuesday for public subscription, has received over five times subscription so far. The price band of the Rs 1,100-crore IPO has been fixed at Rs 456 to Rs 480 apiece. Till 2:40 pm on the second day of bidding … Read more

Last Updated: September 10, 2024, 13:34 IST GST Rate Cut On Cancer Drugs (Getty image for representational purpose) Previously, the government had scrapped the basic 10 per cent customs duty on these three cancer drugs in the Union Budget Shares of Pharma companies manufacturing anti-cancer drugs rallied up to 4.4 per cent as Finance Minister … Read more

The life insurance industry has also been actively expanding its agent network to enhance penetration, especially in underserved areas. Individual single premiums grew by 8.35% Y-o-Y to ₹4,302.58 crore in August 2024, while YTD growth for this segment reached 15.54%. Indian life insurers recorded a new business premiums (NBPs) growth of 21.86 per cent year-on-year … Read more

Analysts suggest that macroeconomic data releases, global trends, and foreign investor trading activity will be the key drivers for equity markets this week. Among macroeconomic data announcements, industrial production for July and inflation data for August will be announced on Thursday. “Crude oil prices have seen a meaningful correction over the past few days with … Read more

Bajaj Housing Finance IPO: Bajaj Housing Finance, whose initial public offering (IPO) will be opened for public subscription on Monday, September 9, has collected Rs 1,758 crore from anchor investors on Friday. The price band of the Rs 6,560-crore much-awaited IPO has been fixed at Rs 66 to Rs 70 per share for the public … Read more

Published By: Mohammad Haris Last Updated: September 06, 2024, 16:55 IST Spicejet plans to raise Rs 2,500 crore through QIP and Rs 736 crore through Previous Warrants and promoter infusion. The funds will be utilised in fleet ungrounding, liability settlement, new fleet induction and other general purposes, SpiceJet says in a corporate presentation. Cash-strapped domestic … Read more

Reliance Industries Ltd (RIL) on Thursday said its board has approved the issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalisation of reserves. In a BSE filing, RIL said its board of directors has approved the “issue of bonus shares in the ratio of 1:1 i.e. … Read more

Last Updated: September 04, 2024, 12:06 IST OMC and paint stocks rejoice, ONGC and Oil India in the red zone Shares of paint companies were trading higher on Wednesday, rising up to 5% on the BSE, on the back of a fall in crude oil prices; Know why A continued decline in Brent crude prices … Read more

The latest wholesale numbers show a decent pick-up in two-wheelers, while a slowdown in the three-wheeler and four-wheeler segments. (Photo: Shutterstock) Barring two-wheelers, August 2024 wholesale volume performance was muted across most segments owing to inventory correction and a shift in festive (Onam) to September this year. In a mixed signal in the automobile industry, … Read more

The government has received about Rs 2,413 crore in dividends from oil PSU BPCL, the Department of Investment and Public Asset Management (DIPAM) said on Monday. “Government has received about Rs 2,413 crore from BPCL as dividend tranche,” DIPAM Secretary Tuhin Kanta Pandey said in a post on X. In the current financial year 2024-25 … Read more

As the share allotment of the Premier Energies IPO has been finalised, the company is set to make its stock market debut on Tuesday, September 3. According to market observers, investors’ money is likely to be doubled on the listing day, with the grey market premium (GMP) running as high as 112 per cent. Premier … Read more

The share allotment of the Premier Energies IPO has been finalised, and the investors can check the status on the websites of BSE and NSE as well as on the portal of registrar Kfin Technologies. Now, the IPO listing is scheduled to take place on Tuesday, September 3, and investors are likely to receive a … Read more

Last Updated: August 30, 2024, 11:58 IST Sugar Stocks Rise Today: Shares of sugar and ethanol production companies on Friday surged up to 13 per cent on BSE after the Union government announced that it will allow sugar mills to use cane juice or syrup to produce ethanol, starting November 1, 2024. Nearly all sugar … Read more

Shares of Reliance Industries surged nearly 2.6 percent on 29 August Reliance Industries has a track record of rewarding its shareholders with bonus issues. Shares of Reliance Industries rose nearly 2.6% on August 29 after the company announced that its board will consider a 1:1 bonus share issue on September 5. This announcement was made … Read more

Shares of LTIMindtree rose over 6 per cent after Kotak Institutional Equities upgraded the stock. This increase also follows the Karnataka High Court’s stay on a Rs 378-crore tax order against the company for alleged non-payment of integrated goods and services tax. Domestic brokerage Kotak Institutional Equities has upgraded information technology major LTIMindtree (LTIM) to … Read more

Last Updated: August 27, 2024, 14:58 IST Sony-Zee Dispute Settlement Both Sony and Zee will withdraw all claims against each other. Zee Share Price: Zee Entertainment Enterprises Ltd share price jumped as much as 15 per cent today (August 27) after the media firm said it has entered into an agreement to settle all disputes … Read more