Indian stock markets experienced a decline on Thursday. The NSE Nifty and BSE Sensex closed lower. This downturn followed the US Federal Reserve’s decision to cut interest rates by 25 basis points. However, the Fed indicated no further rate cuts are expected this year. This news impacted investor sentiment globally and in India. Foreign portfolio...Read More
Lenskart Solutions has successfully raised ₹3,268.3 crore from 147 anchor investors ahead of its IPO. The eyewear retailer allotted equity shares at ₹402 each to a mix of prominent domestic and global funds, including mutual funds, insurers, and foreign institutional investors. The company’s IPO is set to open on October 31.Read More
Sebi has proposed changes to non-benchmark indices like Bankex, Banknifty, and Finnifty, expanding individual stock weights. The regulator capped the top constituent’s weight at 20% and the top three at 45%, with at least 14 constituents. These adjustments aim to enhance transparency and reduce single-stock risk in index derivatives.Read More
The Indian rupee touched a two-week low of 88.74 against the dollar on Thursday. It later strengthened slightly to close at 88.70. This weakness followed month-end dollar demand and potential RBI position squaring. The central bank intervened to curb losses. A hawkish US Fed stance also added pressure on the rupee.Read More
India’s Deputy Governor T Rabi Sankar stated that the internationalisation of the Rupee has begun, with exporters increasingly invoicing in the local currency. This shift is crucial for India to achieve its developed economy ambitions and reduce global transaction risks.Read More
India’s 10-year government bond yield saw its biggest jump in six weeks. This happened as the US Federal Reserve’s hawkish comments lowered expectations for interest rate cuts. Domestic market worries about demand and liquidity also contributed. Traders are watching for Reserve Bank of India actions to boost banking system liquidity.Read More
Indian markets experienced a downturn, influenced by the US Federal Reserve’s cautious stance on interest rates and ongoing US-China trade tensions. Analysts anticipate continued consolidation, advising investors to focus on quality stocks and sector-specific opportunities. Several companies, including ITC, Swiggy, and RIL, are in focus due to their recent financial results and corporate developments.Read More
Nifty experienced a gap-down opening on Thursday and declined throughout the session. Immediate support is seen around 25,800, with a breakdown potentially leading to further declines. Gift Nifty signals a mixed start. India VIX rose. Asian markets showed mixed movements. US equities ended mixed. The dollar strengthened. Oil prices saw fluctuations.Read More
Lenskart Solutions is set to raise over ₹7,000 crore through its upcoming IPO. The eyewear retailer aims to fund expansion and acquisitions. Despite a growing revenue and a recent profit, the company’s valuation appears high. Lenskart operates in a competitive market with a significant unorganised segment. Investors may observe financial clarity post-listing.Read More
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