The markets closed Friday’s session on a lower note. The Nifty 50 closed the session 83 points or 0.33% lower at 24,750, the Sensex fell 182 points or 0.22% to settle at 81,451. However, the banking stocks surged higher breaking ranks with the overall markets, the Nifty Bank rose 204 points or 0.37% to end
A rather choppy session for the markets with select pockets of opportunities today. The Financial sector stocks have been in focus after the encouraging Q4 numbers that indicated an overall improvement in asset quality. Key international brokerage house Jefferies has identified three stocks from the banking and financial space. They have a buy rating on
The range-bound session ends on a lower note for the second straight session on Wednesday. The Nifty 50 closed the session 74 points or 0.30% lower at 24,752, the Sensex fell 240 points or 0.29% to settle at 81,312. Breaking ranks with the overall market sentiments, the Nifty Bank inched up 64 points or 0.12%
The volatile session ends on a lower note on Tuesday. The Nifty 50 closed the session 163 points or 0.65% lower at 24,838, the Sensex fell 592 points or 0.72% to end at 81,5845. In line with the overall market sentiments, the Nifty Bank declined 220 points or 0.40% to end at 55,351.30. However, the
Borana Weaves IPO has entered the second day of its public offering. The issue opened for subscription on May 20 and will close its three-day bidding window on May 22. As of Day 2, the grey market premium (GMP) for this mainboard issue has also seen a notable surge. Let’s take a look at everything
As the railway tracks of Indian stock markets heat up, two PSU companies– IRCTC and RVNL are gearing up to announce their final dividends and Q4 results this week. Both companies serve the Indian Railways but have entirely different business models, growth paths, and dividend strategies. Let’s put them on parallel tracks and take a
Belrise Industries, an auto component maker, is gearing up to open its Initial Public Offering (IPO) on Wednesday, May 21. Known for supplying safety-critical parts to leading automotive brands, Belrise is eyeing a sizeable capital raise through this public issue. If you are considering investing, here is a breakdown of five key things you need
The IPO market is buzzing with activity again. This week, four new public issues are set to open which include two from the mainboard and two from the SME segment. With these new IPO openings this week, it indicates that after a brief pause in the IPO markets in the past two months, companies are
It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years
The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL). MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74
Aditya Infotech IPO (CP Plus) wants to raise Rs 1,300 crores. The issue is a combination of fresh issue of 0.74 crore shares totalling to Rs 500 crore and an offer for sale of 1.19 crore shares aggregating to Rs 800 crore. It has already been subscribed to over 2 times at the end of
The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions and exemptions. Among various other issues, this time one of the major confusions among taxpayers is being seen regarding the rebate available under
IT firm, Tata Consultancy Services (TCS) plans to reduce its workforce by 2 per cent in the financial year FY26, as per media reports. The move is expected to affect around 12,200 jobs, from its total workforce of over 6.13 lakh. Jefferies believes the move could lead to short-term execution issues and a long-term spike
