Indian equity markets closed Monday’s session on a positive note after the US Federal Reserve Chairperson Jerome Powell hinted at a rate cut in his Jackson Hole speech. The Nifty 50 closed the session 98 points higher near 25,000, and the Sensex rose 330 points or 0.40% to end above 81,635. The tech stocks topped
Markets regulator Sebi has proposed a new framework for the Closing Auction Session (CAS) in the equity cash market, starting with highly liquid derivative stocks to determine the closing prices of shares. The proposal, if implemented, is expected to reduce volatility, improve fairness, and make it easier for large and passive investors to execute trades.
All eyes are on the Tata Capital IPO. This Tata Group company has to mandatorily list its shares on the stock exchanges by September 30, 2025. This is as per a Reserve Bank of India (RBI) directive that mandates that after being identified as an NBFC upper layer, the company needs to be listed within
Shares worth Rs 1.75 lakh crore are set to be unlocked in the next three months (August 28-November 27), as the pre-listing lock-in period of promoters, anchor investors, and other shareholders in 57 companies is set to expire, according to a report by Nuvama Institutional Equities. While this unlocking will increase the supply of shares
The Indian bond market has delivered a clear verdict – no further rate cuts are expected in the current fiscal year. This sentiment has gained traction following the government’s recent cut in Goods and Services Tax (GST), which has amplified concerns over fiscal slippage and additional borrowing. “G-Sec markets aren’t expecting any further rate cuts.
Solar module maker Vikram Solar‘s initial public offer got subscribed 4.56 times on Wednesday, the second day of bidding. The IPO received bids for 20,70,74,925 shares against 4,53,61,650 shares on offer, as per NSE data. ALSO READMangal Electrical Industries IPO: From GMP to IPO subscription, 5 ‘must-know’ details The non-institutional investors portion received 13.01 times
With insurance companies, banks and pension funds not participating in the bond market aggressively, there is a growing gap between supply and demand in the bond market. Devang Shah, head ( fixed income) Axis Mutual Fund, which has Rs 1.25 lakh crore in debt schemes, tells Christina Titus this could be addressed, if the government
The markets have seen a smart rally today after several days of lacklustre trade. The news of GST reforms by Diwali and a potential 2-rate structure buoyed sentiment significantly. Some of the key segments/sectors that stand to benefit include consumer staples on the back of better demand, lower raw material costs, automobiles, especially four-wheelers, cement
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
The Indian equity market continues to underperform EM peers for the second straight week. The Nifty is stuck in a tight range below the 25,000 mark. The story is not very different if you track the Sensex, either. On a 12-month basis, the MSCI India Index is down 10% compared to the MSCI EM Index
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
