Markets showed volatility but maintained a positive trend. Adani Group stocks are in focus as Sebi dismissed allegations in the Hindenburg case. Indian Hotels clarified its leasehold rights for The Pierre hotel. Bombay Dyeing appointed Rohit Santhosh as CEO of Bombay Realty, while Oil India anticipates the restart of a Mozambique LNG project by year-end.Read More
SEBI is looking to attract a wider range of investors, including mutual funds, pension funds, and retail participants, to the infrastructure sector to boost liquidity in infrastructure securities. Chairman Tuhin Kanta Pandey highlighted the need for expedited asset monetisation by state governments and cautioned against over-reliance on banks and government funding, advocating for market-based instruments...Read More
Nifty gained for the third consecutive session following the US Fed rate cut and indications of further reductions. Analysts anticipate a continued upward trend, influenced by tariff-related developments. The India VIX fell, while the rupee depreciated against the US dollar amid global trade uncertainties. FIIs and DIIs were net buyers.Read More
Saatvik Green Energy, a solar module manufacturer, is planning an IPO. The company aims to raise ₹700 crore through fresh equity. It will use the funds to expand capacity and repay debt. An additional ₹200 crore will be raised through an offer for sale. The IPO will reduce promoter stake to 76.02%. Saatvik’s financials show...Read More
Sebi has exonerated Gautam Adani and other Adani group companies regarding Hindenburg Research’s allegations of stock manipulation. The investigation, spanning from FY13 to FY21, found no evidence of fraudulent transactions or siphoning of funds. Sebi concluded that the transactions in question did not qualify as related-party transactions, thus not violating listing agreements.Read More
Asian stock markets are performing well. US equity benchmarks reached new highs. This was supported by the Federal Reserve’s interest rate cut. Stocks in Japan and Australia increased. South Korea remained stable. The S&P 500 and other indexes achieved record highs together. The yen remained steady after Japan’s inflation slowed. The Bank of Japan’s rate...Read More
The Indian rupee weakened, reversing gains due to Asian currency weakness and uncertainty surrounding US interest rate policy after the Federal Reserve’s rate cut. Despite the cut, cautious forward guidance from the Fed and concerns over US tariffs and weak equity inflows weighed on the rupee. Optimism arose from potential resolution of the India-US tariff...Read More
Indian stock indices climbed for the third consecutive session on Thursday, buoyed by the US Federal Reserve’s expected interest rate cut. The NSE Nifty and BSE Sensex both closed 0.4% higher, while the India Volatility Index hit a record low. Foreign and domestic portfolio investors were net buyers, contributing to the positive market sentiment.Read More
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