Axis Direct’s Diwali 2025 Mahurat Picks highlight nine stocks across sectors with upside potential of 15–23% over 12 months, including Rainbow Children’s Medicare, DOMS Industries and KEC International. Source link
India’s benchmark indices ended higher on Friday, marking a second straight day of gains as investors remained upbeat on banks, consumer, and metal stocks, even though trade stayed largely rangebound. The Nifty closed at 24,894.25, up 57.95 points or 0.23%, while the Sensex advanced 223.86 points or 0.28% to settle at 81,207.17. Meanwhile, the volatility … Read more
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
Billionbrains Garage Ventures Ltd., the parent of India’s largest investment platform Groww, is preparing to file for an initial public offering in Mumbai as early as next week, according to people familiar with the matter. Backed by Microsoft Corp. Chief Executive Officer Satya Nadella, the firm is seeking to raise between $650 million and $800 … Read more
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) on Wednesday sold its entire 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore via block deals. SMBC’s over 3.2 crore shares were sold to scores of buyers at a price of Rs 1,940.8 apiece which include domestic and foreign funds, asset management companies and sovereign funds. The … Read more
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank … Read more
Asset management firm OppenheimerFunds on Thursday sold shares of private sector lender Kotak Mahindra Bank for Rs 2,035 crore through an open market transaction. US-based OppenheimerFunds is a part of global investment firm Invesco. According to the bulk deal data on the NSE, OppenheimerFunds through its affiliate — Oppenheimer Funds Inc A/C Oppenheimer Developing Markets … Read more
“These are the two or three key factors dragging the market. However, on the domestic front, the macro setup looks decent—monsoons have been good so far, interest rates remain low, and liquidity is improving. These factors should bode well for the second half of the year. The third and fourth quarters could see better performance,” … Read more
As the record date approaches, market participants should act on buying the shares of Bharti Airtel, Dabur India, HCL Technologies, and Kotak Mahindra Bank in order to be eligible for the upcoming dividend payouts. Each of these companies has announced dividend declarations with varying amounts per share, fixing July 17 as the record date for … Read more
Antique Stock Broking has named its top picks in the Indian banking sector, favouring large lenders like Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and SBI. It also sees strong upside in smaller banks such as Ujjivan, Equitas, Federal Bank, CUB, and KVB. While near-term consolidation is likely, broader gains are expected from … Read more