SpaceX shares have dropped twenty percent since their debut last month. Investors are avoiding riskier technology firms and AI ecosystem concerns are rising. The company has lost over one trillion dollars in market value from its peak. Geopolitical factors and spending power are impacting valuations across the industry. Upcoming lock-up expirations could further affect the...Read More

Manipal Health Enterprises’ Rs 9,275-crore IPO opens for subscription on July 29 with a muted grey market premium of around 2%, signalling limited listing gains. The hospital chain plans to use proceeds to reduce debt and fund acquisitions. While most brokerages recommend subscribing for the long term, several caution that the IPO’s premium valuation caps...Read More

The scan generates a bullish signal when the Relative Strength Index (RSI) crosses above 50 from below, indicating strengthening price momentum.Read More

Six Nifty 500 stocks, including Coforge, Kalyan Jewellers and TVS Motor, featured on StockEdge’s White Marubozu scanner on July 28, signalling strong bullish momentum.Read More

Banking is still the best risk-reward pocket in my view—valuations are attractive, credit growth is strong, and NPAs are very low. There’s also some value in healthcare and a few capital goods names where order books are robust, and earnings don’t depend on crude. This correction feels like a genuine accumulation opportunity for quality, and...Read More

UCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move joins other lenders accessing the central bank’s concessional funding window. The facility has already attracted over $32 billion in foreign currency inflows. Non-resident deposits have been the primary driver of this significant mobilization. This initiative aims to strengthen India’s...Read More

The Indian rupee strengthened against the dollar on Tuesday, closing at 95.84 per dollar. This gain followed a sharp rise on Monday, supported by falling Brent crude prices. Dollar sales by the Reserve Bank of India also bolstered the currency’s positive momentum. However, a firm dollar index ahead of the US Fed meeting limited further...Read More

Oil prices increased significantly on Wednesday due to declining U.S. crude inventories. OPEC+ is expected to halt output increases starting in October, supporting prices. Shrinking U.S. crude inventories contributed to the price surge in early trade. Gasoline and distillate inventories saw modest increases during the same period. Market participants await official U.S. inventory data later...Read More

Adani Energy Solutions’ ₹3,500 crore qualified institutional placement saw strong demand. The issue was subscribed 3.1 times, drawing bids worth ₹10,841 crore. Domestic mutual funds and insurers participated actively in the offering. Foreign investors like Manulife and Fiera Capital also joined the placement. The company priced its shares at a discount to market rates.Read More

State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India’s special dollar attraction facility. This move allows them to attract overseas client deposits without hedging costs. Both institutions are actively participating...Read More