Shriram Finance’s board will meet to consider selling an equity stake to Japan’s MUFG, potentially for over ₹40,000 crore. This would be the largest strategic investment by an overseas lender in an Indian NBFC, following SMBC’s investment in Yes Bank. The deal involves a primary issuance, with MUFG open to a higher stake later.Read More

Asian markets opened lower mirroring losses in the US. Global investors adopted a risk-off approach. Technology stocks faced significant selling pressure. This sentiment impacted cryptocurrencies like Bitcoin. However, US futures showed a slight uptick. Concerns over AI company valuations and infrastructure spending are growing. This led to a rise in Treasury yields for longer maturities....Read More

U.S. stock markets experienced a downturn for the fourth consecutive day, primarily driven by declines in AI stocks. The S&P 500 saw its worst day in nearly a month, with companies like Broadcom, Oracle, and Nvidia facing significant drops. Concerns about AI investment profitability and rising corporate debt weighed on investor sentiment.Read More

Markets experienced volatility, closing with a marginal decline amid ongoing currency swings and mixed global signals. Analysts anticipate continued choppy price action, with key support at 25,700 and resistance around 25,950–26,050. Several companies, including Ola Electric, Vedanta, and NTPC, are in focus due to significant news developments.Read More

Indian markets saw choppy movement on Wednesday. Nifty closed lower by 41 points. Analysts suggest the underlying trend remains weak. Nifty is expected to find support around 25700-25650 levels. Any bounce back may face resistance around 25950-26000 levels. Foreign portfolio investors were net sellers.Read More

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Wall Street indexes traded higher in volatile sessions as investors sought interest rate outlook clues. Oracle shares dipped amid funding concerns for its data center plans, impacting the tech sector’s AI ambitions. Energy stocks rebounded, while Netflix saw gains following reports of a potential OpenAI investment.Read More

The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription.Read More

Goldman Sachs bought Akzo Nobel India shares worth Rs 106 crore via a bulk deal after promoter Imperial Chemical Industries sold a large stake, triggering a sharp stock fall despite strong quarterly profit growth and subdued operating performance indicatorsRead More

The rupee snapped a five-day slide to post its strongest one-day gain in two months, rising 65 paise to 90.38 per dollar, amid suspected RBI intervention, heavy dollar selling by public banks, thin trading volumes and reassurance from strong forex reservesRead More