Mutual fund houses are sitting on a war chest of Rs 2 lakh crore to support the market at a time when foreign institutional investors (FIIs) have gone on a selling spree, said industry players. This includes Rs 1.25 lakh crore of cash with open-end schemes and fresh inflows. Also, sitting on the sidelines is
Key indices snapped a five-day losing streak on Monday and the Sensex reclaimed 80,000 points level as expectations of easing geopolitical tensions in the West Asia and strong earnings from ICICI Bank brought much-needed relief for investors. The Sensex gained 602.75 points, or 0.8%, to 80,005.04 points, and the Nifty rose 158.35 points, or 0.7%
By Deven Choksey It is said that next 10 years are going to be GOLDEN years of India’s economy and market wealth. Let me reflect on those opportunities as I see it, which will shine brightly for investors. Between last Diwali in November 2023 and this one, India’s market capitalization has grown to over $5
In the run-up to Diwali, investor returns have hardly the sparkle that retail players were anticipating earlier. The Nifty has fallen nearly 6% over the past 1 month, while the Sensex has lost over 4,800 points or almost equal in terms of percentage loss. October is shaping up to be particularly challenging, resulting in the
By Anand James Rollovers have picked up, but do not seem to be large enough to suggest a hurry or an extension in the ongoing downtrend. They are at 19.25 and 23.57 for Nifty and Nifty Bank respectively, well in line with the last four months’ average. Nifty and Bank Nifty straddles are also priced
Shares of Waaree Energies made an impressive debut on the stock exchanges today, opening at Rs 997 on the NSE, marking a 66.33% premium over its IPO price of Rs 1503. The BSE listing was equally strong at Rs 997, reflecting a 66.33% premium. Record-Breaking IPO Subscription The Waaree Energies IPO achieved an overall subscription
Go to Live UpdatesAfcons Infrastructure ipo 2024 Live: The IPO opened on October 25. It closes a day ahead of Diwali 2024 i.e. October 30. The issue has been subscribed to a total of 0.10 times. The retail buyers subscribed to the issue 0.14 times. The company wants to raise a sum of Rs 5,430 crore.
Shares of Deepak Builders & Engineers had a subdued debut on the stock exchanges today, listing at a discount on both the NSE and BSE. The stock opened at Rs 200 on the NSE, reflecting a 1.48% drop from its IPO price of Rs 203. Similarly, on the BSE, the stock listed at Rs 198.50
After an exceptional July, when inflows into equity funds soared to Rs 42,702 crore – the highest this calendar year – in August, flows were more subdued at Rs 33,430 crore – a drop of 22%, according to data from Association of Mutual Funds in India (Amfi). Retail investors continued to tap the equity market
UltraTech Cement is stepping up its play in southern India, with the region emerging as a critical growth engine for the country’s largest cement maker. According to analysts, the company has increased the south’s share of its total grey cement capacity to about 27%, compared with 16% in FY23, while its share of the industry’s
The initial public offer of app-based beauty and home services platform Urban Company Ltd got fully subscribed hours after opening for bidding on Wednesday and later ended the day with 3.13 times subscription. The IPO received bids for 33,37,87,825 shares against 10,67,73,244 shares on offer, translating into 3.13 times subscription, as per NSE data. ALSO
When the Unified Pension Scheme (UPS) was announced as an option in place of the National Pension System (NPS) for around 24 lakh central government employees, employee unions and experts flagged multiple issues in the scheme. One of the issues they raised pertained to the denial of pension benefits till actual superannuation on voluntary retirement
India added 3.8 gigawatt (GW) of solar open access capacity in the first half of the calendar year 2025, down over 4% from 3.9 GW added in the first half of 2024, as per data from Mercom. In the second quarter of 2025, the country added 2.7 GW of solar open access capacity. ALSO READOrder
