Anand Rathi Group launches its second IPO, Anand Rathi Share and Stock Brokers, after the success of its wealth management company. The wealth arm delivered nearly 1,000% return to investors. The new IPO aims to raise Rs 745 crore. The brokerage arm’s revenue and profit have also shown significant growth.Read More
Nifty’s bullish trend continues, prompting ‘buy on dips’ recommendations amidst GST implementation and H1B visa concerns. Experts suggest Suzlon, Sun Pharmaceutical, JSW Steel, and Axis Bank for short-term gains based on technical analysis. For longer-term investments, Jindal Saw, Venus Pipes, and Bharat Dynamics are highlighted due to attractive valuations and growth potential.Read More
The rupee weakened slightly to 88.21 against the dollar due to a strong US currency and declining domestic equities. Concerns over the H-1B visa fee hike impacting the IT sector and India’s service exports are weighing on investor sentiment. Despite this, India’s forex reserves rose, and trade talks with the US are scheduled for September 22.Read More
Indian government bonds experienced a decline, mirroring the movement of U.S. Treasuries, as traders keenly await the central and state governments’ borrowing plans for the fiscal year’s second half. The anticipation of the government’s borrowing calendar release later this month is a key factor influencing market sentiment. Simultaneously, traders are closely monitoring the states’ quarterly borrowing calendar.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
