Nomura has set a price target of 29,300 for the Nifty in 2026, projecting a nearly 13% upside. The brokerage cited calmer geopolitics, stable macros, and economic recovery as reasons for its positive outlook. Indian equities have underperformed global markets, bringing valuations in line with historical averages.Read More
Nifty Bank index is expanding to 14 stocks with Yes Bank and Union Bank of India joining. This change, mandated by Sebi, will reduce the influence of top constituents like HDFC, ICICI, and SBI. The rebalancing will occur in tranches from December to March. Passive funds tracking the index will adjust portfolios.Read More
Bajaj Finance has sold a significant stake in Bajaj Housing Finance. The deal involved 16.66 crore shares traded at Rs 95.3 each. This transaction represents a 2.35% equity stake, valued at approximately Rs 1,890 crore. The sale occurred at a discount to the previous day’s closing price. Bajaj Housing Finance shares experienced a notable drop following the announcement.Read More
Bank of Maharashtra’s offer for sale saw robust investor demand on its opening day, with bids exceeding 400% of the base issue size. The government will now exercise its green-shoe option, expanding the total stake on offer to 6% after the strong response from non-retail investors.Read More
The IPO comprises a fresh issue of equity shares aggregating up to ₹377 crore and an OFS of 4.67 crore shares by existing investors. Axis Capital, IIFL Capital Services, and Nomura Financial Advisory are the book-running lead managers to the issue.Read More
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