At a time when market experts have been advising investors to prune returns’ expectations from 2025, the benchmark indices’ 2.3% surge in the first two days has raised hopes that the stock market may deliver strong returns this calendar year. Market experts, however, aren’t impressed, pointing out that the fundamental concerns of expensive valuations, earnings
The Indian stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO of Edelweiss Asset Management Company. Gupta tells Akshata Gorde that the SIP book, currently at Rs 25,000 crore a month, will rise
The Petroleum and Natural Gas Board (PNGRB) has called out Petronet LNG for “profiting at the expense of gas consumers”, a move that sent the company’s stock plunging 8.5% in intra-day trade on the BSE on Thursday. The shares later closed at Rs 323.2, down 6.95%. Also ReadITC Share demerger: When will you get the
Axis Max Life Insurance Ltd, formerly known as Max Life Insurance Company Ltd, has announced the launch of Axis Max Life Sustainable Wealth 50 Index Fund. This fund, developed by Axis Max Life, plans to invest in companies that generate consistent cash flows based on the proprietary Sustainable Yield Index. This customised Index will be
Hindustan Zinc Limited (HZL), a Vedanta group company, on Thursday announced that the company reported a drop of 2 per cent on-year in mined metal production at 265kt during the third quarter of FY25. The decrease, it added, was due to lower ore production at Agucha and SK mines partly offset by improved mined metal
From condoms to aloo bhujia, soft drinks, chips and ice cubes packets, and even men’s underwear, New Year’s Eve (NYE) witnessed record-breaking orders for major quick commerce platforms including Blinkit and Swiggy Instamart. The year came to close on a high note for both the platforms, as Blinkit CEO Albinder Dhindsa and Swiggy Co-founder Phani
The Indian stock markets ended the day on a green note on Thursday, January 2, 2025. The Sensex soared by 1436.30 points, or 1.83%, closing at 79,943.71, while the Nifty gained 445.75 points, or 1.88%, ending at 24,188.65. The Nifty Bank index also ended the day in the green, ending the day at 51,605.55, up
ITC Hotels, on January 1, 2025 officially was demerged from its parent company, ITC. The record date for this long-anticipated demerger has been fixed on January 6. If you are an exiting ITC shareholder or buy shares before January 3, you get ITC Hotels shares in the demerger ratio of 1:10. Essentially that means 1
Like several other industries, the insurance sector has high expectations from the upcoming Union Budget 2025–26. Insurance sector stakeholders, including middle-class taxpayers, are hopeful that FM Nirmala Sitharaman will announce some tax relief measures, like higher 80D deductions and a GST cut on health insurance, on February 1, when she presents the Modi 3.0 government’s
Fluctuations are a law of nature, affecting everything from everyday lives to larger industries like real estate. This principle has been particularly evident in the real estate sector during 2024. After the COVID-19 pandemic, as conditions began to normalize in 2022, both investors and end-users started actively buying properties. This enthusiasm extended into 2023 as
After months and even years of attacks on Adani Group, it seems like the Hindenburg effect on the conglomerate is finally coming to a stop. The US-based short-selling firm that was behind reports that wiped out tens of billions from the market value of Adani Group, Hindenburg Research is finally shutting shutters. On January 15
Sugar companies’ stocks surged in Thursday’s trade after Union Minister Nitin Gadkari said that India will achieve its target of 20% ethanol blending in the next two months. The share price of Dhampur Sugar Mills rallied as much as 8.4% to an intra-day high of Rs 156.91. EID Parry rose 3.3% to trade at Rs
Laxmi Dental IPO, a book built 698.06 crore received an overwhelming subscription rate during its three day subscription period. After closing on January 15, the allotment process is now underway. Investors who applied for shares can check their status online through multiple platforms. Here is everything you need to know about how to check the
