Rupen Rajguru, MD & Senior Advisor, Julius Baer India, says “some pockets of the market clearly are showing visible signs of frothiness and rightly so. The regulator has sounded warning bells around that segment of the market. But overall, from a next, say, 5- to 10-year perspective and when I talk to a lot of … Read more
Benchmark indices closed with gains on Thursday in a highly volatile trade. The 30-share Sensex rebounded 195 points to settle at 72,500 and the broader Nifty gained 31 points to close at 21,982. Stocks that were in focus included names like Infosys, which rose 0.16%, Shriram Finance, which jumped 3.8%, and Hindustan Copper, whose shares … Read more
The initial public offering (IPO) of Bharat Highways InvIT has opened for subscription. The company plans to raise about Rs 2,500 crore by offering its units in the public offer. The net proceeds from the issue will be utilised for providing loans to the project SPVs for repayment of loans and for other general corporate … Read more
Mumbai: Overseas investors were sellers to the tune of ₹23,441 crore across 10 sectors between February 1 and 15, as per data from National Securities Depository Limited (NSDL) as they shifted money from financials, construction, and power to information technology and healthcare. Financial services witnessed the highest outflows from foreign investors who sold shares worth … Read more
After a slow start, benchmark indices rebounded late on Tuesday amid mostly firm global markets. The 30-share Sensex climbed 305 points to settle at 73,095 and the broader Nifty ended 76 points higher at 22,198. Stocks that were in focus included names like Easy Trip Planner, which rose 2.07%, Hindustan Copper, which fell 3.6%, and … Read more
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images When prosecutors announced the plea deal late last week of Shamoon Rafiq, who ran a $10 million scheme that duped investors into buying into pre-IPO tech companies like … Read more
The initial public offer (IPO) of Platinum Industries opened for subscription today. The issue will be available for the public to bid till February 29. Ahead of the IPO, the company has garnered Rs 70.59 crore from anchor investors. Platinum Industries IPO review Analysts advised investors to subscribe to the issue over the company’s strong … Read more
After a slow start for the first two days, the initial public offer (IPO) of GPT Healthcare was fully subscribed on the last day of the bidding process. The overall subscription stood at 2 times with all the categories (retail, NII and QIB) getting fully booked. GPT Healthcare IPO GMP In the unlisted market, the … Read more
Benchmark indices edged lower in a volatile trade on Friday. The 30-share BSE Sensex slipped 15 points to close at 73,142 and the broader Nifty closed lower by 4.75 points at 22,212. Stocks that were in focus included names like Sona BLW Precision, which rose 5.9%, Jio Financial, which was up 10.62%, and Vodafone Idea, … Read more
Foreign institutional investors turned net buyers of equities in the week ended February 23, and the strong inflows drove benchmark indices to record highs. Foreign portfolio investors net bought Indian equities worth Rs 4,398 crore last week, according to NSDL data. This is against them selling shares worth over 2,500 crore in the preceding week. … Read more
