A billion-dollar investment in Sammaan Capital has sparked fresh discussions about the outlook for non-banking finance companies (NBFCs) and private sector banks. Parag Thakkar, a market veteran, believes this signals a positive shift for India’s financial sector even if the immediate market reaction remains mixed. “No, we do not have Sammaan Capital in our portfolio, … Read more
Two Indian manufacturers, Laser Power & Infra Ltd (LPIL) and Indo MIM Ltd, filed draft red herring prospectuses (DRHPs) with the markets regulator Securities and Exchange Board of India (Sebi), setting the stage for initial public offerings (IPOs) that together could raise over Rs 2,200 crore. The filings mark the latest wave of industrial and … Read more
ICICI Bank – Through its portfolio, the brokerage has a 4% weight in the portfolio. The private lender has risen almost 10% on a year-to-date basis. HDFC Bank – The brokerage has been assigned a 4% weight to India’s largest private sector bank. The lender’s stock price has risen 8.5 this year. State Bank of … Read more
Eternal (formerly known as Zomato) has become the top pick in the mutual fund portfolios in August, receiving the highest investment of Rs 7,200 crore, beating down some big names such as Infosys, Paytm, HDFC Bank, ICICI Bank, and others, according to a report by Nuvama Institutional Equities. The report further highlights that the stock … Read more
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points, … Read more
Over the past two years, largecap stocks have significantly outperformed the market, rewarding long-term investors. Since August 2023, 36 large-cap stocks have delivered gains of over 50%, with 11 of them more than doubling in value, rising between 100% and 230%. In comparison, the Sensex climbed 23% and the BSE Large Cap Index gained about … Read more
The National Stock Exchange (NSE) has revised the quantity freeze limit for Bank Nifty derivatives contracts, increasing it from 600 to 900, effective September 1. According to the updated framework, freeze limits for other key indices—Nifty (1,800), Finnifty (1,800), Nifty Midcap Select (2,800), and Nifty Next 50 (600)—remain unchanged. NSE has advised its members to … Read more
Trump’s tariff moves, coupled with weak Q1 earnings, weighed on domestic equities in August, pulling the BSE 500 index down nearly 2% during the month.. The gloom on D-Street was evident as 360 stocks in the broader index ended lower, with 65 names plunging up to 24%. PSU, infrastructure, and energy stocks bore the brunt, … Read more
Equity investors became poorer by Rs 9.69 lakh crore in two days of sharp fall in the stock markets, where the benchmark Sensex tumbled 1,555 points. The additional 25 per cent tariff imposed by the US on India came into effect on Wednesday, bringing the total amount of levies imposed on New Delhi to 50 … Read more
Shares of shrimp and textile exporters sank as much as 12% on Thursday after U.S. President Donald Trump’s 50% tariff on Indian imports came into force, eroding competitiveness and triggering a broad selloff in some of India’s most export-dependent companies. Shares of India’s leading shrimp exporters fell, with Avanti Feeds down 4% to Rs 614.05, … Read more