Coinbase‘s first-mover advantage as the only publicly traded crypto exchange helped it top earnings estimates again, but competition is looming from clearer rules and newly listed companies, Wall Street analysts said on Friday. The global crypto market has swelled to $3.7 trillion as institutional and retail investors pour money into digital assets. President Donald Trump … Read more
Flipkart Investments is set to exit its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) through block deals worth around Rs 950 crore, according to a CNBC Awaaz report. The sale will involve 7.3 crore shares at a base price of Rs 130 per share. The move marks one of the larger exits … Read more
“In the short term, we’re also facing challenges because the earnings season has been quite weak, and there’s a massive supply of paper coming through the IPO market. So we’re looking at multiple headwinds affecting the market right now,” says Ashwini Agarwal, Founder, Demeter Advisors. I recall when we were speaking in June, you had … Read more
Mumbai: HDB Financial Services has raised ₹3,369 crore from 141 anchor investors ahead of the opening of its ₹12,500 crore initial public offering (IPO) on June 25. The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI Mutual Fund, etc. … Read more
The crypto market saw considerable price action in the past week, with Bitcoin coming just 1.2% away from a new all-time high. Bulls showed a strong hold over the market, helping major coins gain back the upward momentum. The developments in the US-China trade talks further added fuel to the rally, pushing Bitcoin by 4%. … Read more
Investor sentiment will be in focus on Monday, June 2, as Aegis Vopak Terminals and The Leela Palaces (Schloss Bangalore) make their debut on the Indian stock exchanges. Both IPOs saw moderate interest, mainly from institutional investors, while grey market premiums suggest a muted listing. Aegis Vopak Terminals IPO GMP Aegis Vopak Terminals’ IPO, open … Read more
Mumbai: Retail investors were generally less gung-ho about equities in the March quarter in the wake of the market weakness in the period. But that did not stop them from lapping up some of the beaten-down names that were among the top performers for most of 2024, according to a study of retail shareholding of … Read more
Foreign Institutional Investors (FIIs) were net sellers in FY2025, offloading domestic equities worth Rs 1,27,401 crore. The intensity of selling, reduced significantly in March which saw a sell-off worth Rs 3972.61 crore. Domestic Institutional Investors (DIIs), on the other hand, remained buyers throughout the year and purchased stocks worth Rs 6,06,368 crore. In March, the … Read more
Christopher Wood, the global head of equity strategy at Jefferies, has announced his intention to sell his Bitcoin holdings once the price reaches $150,000, which represents a 53% increase from current levels. Currently, Wood has allocated 10% of his global portfolio for a US dollar-denominated pension fund to Bitcoin. As of Friday, Bitcoin (BTC) reached … Read more
Self-drive car-sharing platform Zoomcar on Friday said it has raised USD 9.15 million (about Rs 76 crore) from institutional investors. The proceeds will be used for repayment of approximately USD 3.8 million in debt and the remaining amount for general corporate purposes and working capital needs. In connection with the private placement, the company said … Read more