As Japanese shares finally reclaim past peaks it harks back to a time when everyone in the country seemed to be a stock market millionaire – a Tokyo car park was worth more than New York’s Central Park and the future looked like one endless party. It is difficult now, after three long decades of … Read more
Chinese stocks look poised for a strong open when onshore traders return from the Lunar New Year break, with buoyant travel and tourism data seen bringing a much-needed relief to one of the world’s worst-performing major markets. With trading in mainland China shut from February 9-16, investors will likely take cues from gains seen for … Read more
Jeff Bezos didn’t wait long to start cashing in on Amazon.com Inc.’s rally to start the year. Less than two weeks after disclosing a plan to dispose of as many as 50 million shares of the company he founded, Bezos has offloaded 24 million shares, worth more than $4 billion. The sales, revealed in regulatory … Read more
Mumbai: The gap in weightage between Indian and Chinese equities on the MSCI index is narrowing with several global investors preferring shares on Dalal Street over those in Shanghai. Since January 2021, India’s weight in the MSCI Standard Index has more than doubled from 8.9% to 18.2%, whereas China’s weight has declined from 40.1% to … Read more
Mumbai: The selloff in shares of public sector companies aggravated on Monday as disappointing third-quarter results of a few prompted traders to liquidate bullish bets. Analysts warn about the likelihood of further declines in these stocks, which have been the top performers on Dalal Street for the past three months. Any sharp fall in the … Read more
Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively … Read more
Shares of Docmode Health Technologies listed on Friday with a premium of 141% over the issue price. The stock debuted at Rs 190.25 on NSE SME platform as against an offer price of Rs 79. Ahead of the listing, the company’s shares traded with a premium of Rs 42 in the unlisted market. The public … Read more
Mumbai: Overseas investors offloaded ₹25,744 crore worth of Indian stocks in January after two straight months of purchases as receding hopes of an interest rate cut by the US Federal Reserve in March led to some risk-off sentiment. Analysts said inflows in February will hinge on the Fed’s commentary on the direction of interest rates … Read more
Mumbai: Indiabulls Housing Finance on Sunday announced plans to raise ₹3,693 crore through a rights issue of equity shares with a face value of ₹2 each. The decision follows the approval by the company’s board of directors during their meeting on January 17, 2024. The company’s Securities Issuance and Investment Committee of the Board (SIIC) … Read more
Mumbai: Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.HDFC Bank, with a … Read more
