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The Market Highlights
Adani Enterprise Highlight
Adani Enterprise Highlight
Adani Enterprise Highlight
Adani stocks crash up to 20% after Gautam Adani charged in US in $250 mln bribery case for Indian solar contracts
US prosecutors' and US SEC allegations have hit Adani group’s international securities too, with Adani’s dollar-denominated bonds falling sharply. Notes issued by Adani Green Energy in March fell 15 cents -- a record.
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Adani Enterprise Highlight
Adani Enterprise Highlight
September sees largest retail sell-off since March; net selling at Rs 7,500 crore
So far in September, retail investors have sold shares over Rs7,500 crore, marking the largest sell-off since March 2024. Meanwhile, domestic investors bought shares worth around Rs 17,421 crore while foreign investors bought Rs 55,855 crore worth of shares in September.
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Adani Enterprise Highlight
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Stock Market LIVE Updates: Nifty below 26,000, Sensex falls 730 pts; RIL, Axis Bank, M&M top losers
Sensex Today | Stock Market LIVE Updates: Except FMCG and Metal, all other sectoral indices are trading in the red with auto, bank, telecom, oil & gas, realty down 1 percent each. BSE Midcap and Smallcap indices are trading in the red. Reliance Industries, Axis Bank, M&M, ICICI Bank and Tech Mahindra are among the top losers on the Sensex, while gainers are JSW Steel, Tata Steel, Asian Paints, Titan Company and HCL Tech.
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SpiceJet shares rise as airline clears all GST dues after raising Rs 3k cr via QIP
On September 26, the airline had said it cleared pending salary dues worth Rs 80 crore; the QIP attracted a diverse range of top-tier institutional investors and funds
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Sequent Scientific shares rise 12% over Rs 8,000-crore merger with Viyash Life Sciences
The rationale for the merger is to 'build a unique, differentiated, global end-to-end integrated platform with leadership in animal pharmaceuticals, supported by strong operating and R&D backbone', said the companies
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Stock Market LIVE Updates: Sensex, Nifty off day's high; Power Grid, Bharti Airtel, L&T top losers
Sensex Today | Stock Market LIVE Updates: Sterling Wilson, Infosys, Tata Power, Zomato and Jio Financial are among the most active shares on the NSE. Among sectors, auto, IT, oil & gas, Metal indices up 1 percent each, while realty index down 1 percent.
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Vodafone Idea pings new lenders for funding needs, says fundraising on track with bank evaluation completed
The banks requested an evaluation from a top consultancy to determine the telecom company’s creditworthiness and the amount of loans that could be provided
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Bajaj Housing Finance IPO Subscription Status Day 1: Half the issue subscribed in two hours of opening; NII quota nearly full
Bajaj Housing Finance IPO had collected a massive Rs 1,758 crore from anchor investors on Friday. The Rs 6,560-crore initial share-sale will conclude on September 11.
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Suzlon Energy stock gains 2% on bagging India's largest wind energy order
Suzlon Energy shares gained over 2 percent as the renewable energy firm bagged India's largest wind energy order of 1,166 MW from NTPC Green Energy Ltd.
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Stock Highlight
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Zomato shares edge up as Jefferies reaffirms buy call, highlights growth catalysts
Zomato shares inched higher as Jefferies reaffirmed a 'buy' rating with a base target of Rs 335, citing strong growth catalysts and a promising outlook for digital commerce and food delivery.
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Stock Highlight
Stock Highlight
Ambuja Cements sees Rs 4,251 cr block deals as Adani family likely sells stake
The promoter group collectively holds a 70.33 percent stake in Ambuja Cements, with the Adani Group owned-Holderind Investments Ltd making for 50.90 percent of that stake.
Stock Highlight
Stock Highlight
Stock Highlight
Brokerages retain bullishness on Reliance Industries, highlight Jio’s growth potential
Over the next three years, Jio is expected to achieve a 16 percent revenue CAGR and a 20 percent EBITDA CAGR, noted Bernstein.
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BANK Highlight
Aviation Highlight
startup Highlight
Change in regulations on foreign ownership in Indian banks likely soon
Current laws do not permit a single foreign entity including a foreign bank to take controlling stake in a private bank. This is said to undergo a change. Likewise, proposal to increase foreign investment in public sector banks from 20% to 40% is also under discussion
startup Highlight
Aviation Highlight
startup Highlight
Foreign investors demand tax indemnities for startup investments
Private equity and venture capital funds are seeking protection against unanticipated regulatory risks
Aviation Highlight
Aviation Highlight
Aviation Highlight
Akasa Air aims to be profitable in 2 years, plans to expand domestic and international ops
The airline's plans to rapidly expand operations were tripped up by supply chain issues. But those seem to have been largely resolved, and it now expects to start taking delivery of the 150 Boeings it had ordered by 2027.
RBI Highlight
Olympic Highlight
Aviation Highlight
RBI monetary policy: Status quo on repo rate for 9th consecutive time - 5 key highlights from RBI MPC outcome
RBI monetary policy: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on policy rates, keeping the benchmark repo rate unchanged at 6.5 per cent. The MPC also maintained the policy stance of ‘withdrawal of accommodation’.
Olympic Highlight
Olympic Highlight
Olympic Highlight
Maa kushti jeet gai, main haar gai’: Vinesh Phogat quits wrestling after disqualification at Olympics
Vinesh Phogat on Thursday announced her retirement from wrestling, a day after she faced disqualification at Paris Olympics 2024 for being overweight by 100 grams.
Policy Highlight
Olympic Highlight
Olympic Highlight
RBI Monetary Policy: Should you lock your savings in the fixed deposits before the rate cut cycle kicks off?
There are speculations that the RBI would slash the repo rate later this year, thus kicking off the rate cut cycle starting next calendar year. Lower rates would, more likely than not, ensue lower interest rates on fixed deposits as well.
Stock Highlight
Stock Highlight
Stock Highlight
Bulkcorp International makes a smart debut, lists 24% premium at NSE SME
The issue was subscribed 176.35 times, driven by retail investors, non-institutional investors, and qualified institutional investors
Stock Highlight
Stock Highlight
Stock Highlight
Buy Mahanagar Gas; target of Rs 2,140: ICICI Securities
ICICI Securities is bullish on Mahanagar Gas has recommended buy rating on the stock with a target price of Rs 2,140 in its research report dated July 27, 2024.
IPO Highlight
Stock Highlight
Indian Rupees Highlight
FirstCry: Should investors subscribe to this IPO?
Long-term outlook is promising, given its strong brand, niche positioning, robust execution capabilities, and the potential for margin improvement.
Indian Rupees Highlight
Indian Rupees Highlight
Indian Rupees Highlight
Indian rupee slips to all-time low of 83.80 against US dollar in early trade
Forex traders said the sharp downfall in the domestic unit came on the heels of a significant downturn in the Indian equity markets and significant foreign fund outflows.
Stock Updates
Indian Rupees Highlight
Stock Updates
Gautam Adani’s $213 bn succession plan puts group stocks in limelight
Adani Group’s $213 billion succession plan takes center stage as Gautam Adani outlines a strategic leadership transition, setting the stage for his sons and nephews to steer the conglomerate.
Stock Updates
Indian Rupees Highlight
Stock Updates
Power Grid Corporation shares fall as it wins bid for inter-state transmission system
Power Grid Corporation of India Share Price | The project comprises 765kV D/C transmission line interconnecting Bhadla-III & Bikaner-III substations.
Algo-Trade
Algorithmic trading, or algo trading, uses computer algorithms to automatically execute trades based on predefined criteria. It involves programming trading strategies into software to analyze market data and place orders with minimal human intervention. This approach can increase trading efficiency, speed, and accuracy, while reducing the impact of emotional decision-making.
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