Mining conglomerate Vedanta Limited raised ₹8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of ₹440 per share, according to a stock exchange filing by the company. The issue, which closed on July 19, implied a discount of 4.61 […]
Indian stock market
Today, India is among the most valued stock markets in the world. India’s total Mcap is ₹450 trillion, the 4th largest in the dollar term, being valued at a Mcap/GDP ratio of 150% based on FY24 nominal GDP (current price) of ₹300 trillion (estimated). The nominal GDP is forecast to […]
Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch on Friday said the surge in futures and options (F&O) trading volume has become a macro issue, according to a report. “F&O volume surge has now become a macro issue and not just a micro issue of investor safety,” […]
Despite a sharp sell-off seen across sectors on Friday as investors became cautious ahead of the Union Budget (2024-2025), Indian markets managed to end this week on a positive note, marking their seventh consecutive week of gains. The Nifty 50 closed today’s session down by 1.10% at 24,530 points, although […]
Stock market today: An all-round selloff swept through the Indian stock market on Friday, July 19, leading to losses of approximately 1 per cent for the benchmark indices, Nifty 50 and Sensex. The midcap and smallcap segments experienced even steeper declines as investors booked profits across sectors ahead of the […]
Expectations are high that the Union Budget 2024 will include measures to accelerate EV (electric vehicle) penetration in India. The automobile sector expects Union Finance Minister Nirmala Sitharaman to make some announcements on the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, enhanced production-linked incentive (PLI) schemes, and other […]
Amid widespread reports of technical issues affecting Microsoft Windows users globally, several Indian brokerage firms, including 5paisa and Nuvama, reported that their operations were affected by the Windows crash. “Due to a global outage with Crowdstrike/Microsoft, offering a cyber security solution, our systems are affected. Our team is working closely […]
Indian stock market: Market indices both Sensex and Nifty witnessed contrasting trends. The large-cap indices, Nifty 50 and Sensex, closed at record highs, whereas the mid-cap and small-cap indices experienced a one percent decline each. The Nifty 50 closed at a new record high of 24,800.85, rising 188 points or […]
Brokerage firm Prabhudas Lilladher has raised its 12-month forward target for the benchmark Nifty to 26,398 from 25,816, as compared to a month ago. “In the Base Case,PL values NIFTY at 3% discount to 15-year average PE (18.6x) with March 26 EPS of 1,417 and arrives at a 12-month target […]
Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open flat-to-positive on Thursday amid weakness in global markets. Asian markets traded lower, while the US stock market ended largely in the red overnight amid selling in technology and chip stocks, with the Nasdaq recording […]