The allotment for the Magenta Lifecare IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Cameo Corporate Services, or the BSE website. With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those […]
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Eight of India’s ten most valued companies collectively gained ₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers. Overall, RIL maintained its position as the most valued company, followed by TCS, […]
The debate between value and growth investing is long-standing, with each approach having a dedicated group of supporters. Warren Buffett, Charlie Munger, and Benjamin Graham have always been known for their advocacy of value stocks. On the other hand, Jim Simons, Peter Lynch, Philip Fisher, Ron Baron, and Cathie Wood […]
Top News India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024. The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times. Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on […]
Also Read: RBI monetary policy: Inflation to growth outlook – 5 key highlights from RBI MPC outcome Despite a steep loss of 6 per cent on June 4, market benchmarks are up with decent gains in June so far. Sensex is up about 3.7 per cent, while the Nifty 50 […]
Zerodha founder-CEO Nithin Kamath, on June 7, praised the Securities and Exchange Board of India (SEBI) for making the Indian markets safer and more investor-friendly. In a post on the social media site X (formerly known as Twitter), Kamath referred to the market regulator’s circular on June 5, which mandates […]
Foreign institutional investors (FIIs) have turned their backs on Indian equities. In this calendar year so far, they have remained net sellers in Indian stocks to the tune of ₹31,388 crore, according to data from the National Securities Depository Ltd. The month of May saw massive outflows worth ₹25,886 crore […]
IT stocks, including TCS, Infosys, HCL Tech, and Tech Mahindra, traded with healthy gains in early trade on Friday, June 7, boosting their sectoral index, Nifty IT. The Nifty IT index was 2 per cent up, while the equity benchmark Nifty 50 was 0.5 per cent up at 9:40 am. […]
The ongoing initial public offering (IPO) of 3C IT Solutions & Telecoms (India) has witnessed healthy demand from both retail and non-institutional investors (NIIs) during the third day of bidding. The IPO, which opened for subscription on Tuesday (June 4), received a favorable response from both retail and non-institutional investors. […]
Even amid Monday’s market meltdown, the FMCG sector weathered the storm as it finished the session with a nearly 1% gain, even as the frontline indices experienced one of their bleakest intraday drops in four years. Also Read: From Monsoon to rate cut: 5 crucial triggers for Indian stock market […]