Shares of some Tata Group companies, especially Tata Chemicals, gained on Monday as speculation over the listing of Tata Sons drove hopes of value unlocking for investors. Tata Chemicals, which holds a 3% stake in Tata Sons, was one of the biggest gainers as it rose over 9%. It could be the biggest beneficiary of
It’s an action-packed morning on D-street on October 22. Hyundai Motor India will be listed on the bourses on October 22. Also, investors will assess the first quarterly results of Bajaj Housing Finance after it is listed last month. That apart Waaree Energies IPO continues to garner investor interest. The Hyundai IPO concluded with the
With investors shifting their focus to China, the momentum of flows into India-focused offshore funds has taken a sharp hit this month. Besides, weak domestic earnings growth also led global investors to rethink their short-term fund deployment strategy. The average weekly inflows into these funds in October have been $138 million, less than half of
Foreign investors have been aggressively unwinding their total return swap ((TRS) positions, which are mostly unhedged, due to the volatility in global bond yields ahead of the US presidential elections, traders said. In addition, with the rupee breaching the crucial mark of 84/$, foreign investors have resorted to booking profits. For a second week in
By Ajit Mishra The markets remained under pressure for the third consecutive week, losing nearly half a per cent as the corrective phase continued. While the benchmark indices initially showed signs of recovery, persistent selling by FIIs and a lacklustre start to the earnings season weighed on sentiment, turning the bias negative. A recovery in
By Anand James FIIs increased their Future Index Long positions by 0.65% on Friday, while reducing their Future Index Short positions by 2.02%. Despite being feeble, the rise in index future longs is noteworthy, as it is the first such increase, since 27th September. Meanwhile, there is no reason to go overboard on the prospects
Tata Consumer Products shares tumbled almost 10% to an intra-day low of Rs 986.35. The stock fell a day after it reported weak Q2 FY25 earnings numbers. The company reported a net profit of Rs 359.3 crore in the second quarter of FY25 Vs Rs 338 crore posted in the same quarter last fiscal. The company’s revenue
Deepak Builders and Engineers IPO was fully booked within two hours of the launch, which was primarily driven by the retail investors, subscribing the issue 1.7 times. The non-institutional investors booked the issue 0.69 times while the qualitative institutional booked the issue zero times. The company received bids worth Rs 181.92 crore from investors. The
Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of Rs 15,446 crore in the entire December, data with the depositories showed.The shift in sentiment
The Centre’s move to continue the New Pension System (NPS) for central government employees has been supported by former Deputy Chairman of erstwhile Planning Commission Montek Singh Ahluwalia, who feels that states going back to the Old Pension Scheme (OPS) are taking a wrong decision. The Atal Bihari Vajpayee government in January 2004 introduced the
Just days after Adani Enterprises (AEL) announced its plans to exit from Adani Wilmar, the FMCG major on Saturday released its standalone performance report for the quarter ended December 31, 2024, wherein it posted a revenue growth of 33 per cent on-year. The FMCG firm recorded a healthy 6 per cent YoY growth in volumes
As we entered the new year, how is the IT services industry expected to perform in CY25? Per JM Financial, CY25-start has little in common with CY24. Last year this time, the book of business was transitioning from (eroding) discretionary book to efficiency-led work. Per the analysis report by the brokerage firm, leakages have reduced
– By Sunil Gupta As India embarks on an ambitious clean energy journey, aluminium stands at the forefront of this transformation. Aluminium is playing a pivotal role in powering new domestic innovations across energy storage, transportation, and infrastructure development. With the country targeting 50% of electricity generation from renewable sources by 2030, aluminium is an
