Markets closed higher despite initial volatility on the first day of the new expiry series, though analysts suggest potential for further downside. Several companies like IRFC, Adani Ports, Lodha Developers, Lupin, and RIL are in focus due to significant news developments impacting their operations and financial standing.Read More
Equities advanced on Wednesday amid positive global cues, though trade uncertainties kept sentiment cautious. Analysts anticipate a range-bound market, guided by macro developments and sector-specific catalysts, with immediate support at 25300 and resistance at 25650-25750. Foreign investors showed strong buying interest.Read More
The government is selling a stake in Indian Railway Finance Corporation. Analysts suggest caution for investors. The offer for sale aims to meet public shareholding norms. The floor price offers limited discount. IRFC has seen loan growth supported by railway capital expenditure. Future gains may depend on market sentiment.Read More
Fairfax-backed IIFL Finance is planning to raise $500-750 million in external commercial borrowings and dollar bonds this March. This move aims to diversify its funding sources and support business growth, with discussions underway with existing investors and banks from Singapore and Taiwan. The fundraising will utilize dollar-denominated loans and foreign currency social bonds.Read More
Yes Bank detected unusual unauthorized transactions on its multi-currency forex cards. The bank flagged these on February 24. Around Rs 2.5 crore in transactions were approved. However, the bank’s systems blocked many more attempts, preventing significant losses. The incident was traced to a Latin American country. Yes Bank is working with BookMyForex to protect customers.Read More
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