Raajmarg Infra Investment Trust, an InvIT sponsored by NHAI, will come up with Rs 6000 crore initial public offering with per unit price band fixed at Rs 99-Rs 100. A total of 260 km of five national highways on the golden quadrilateral in fours states of Jharkhand, Andhra Pradesh, Karnataka and Tamil Nadu will be will be operated by the trust set up for the...Read More
India’s Nifty is hovering near 24,000 after heavy selling triggered by rising Middle East tensions and crude prices. Analysts warn continued geopolitical volatility and weak technical indicators could push the index toward the 23,000–22,900 support zone.Read More
Indian equity markets saw a minor recovery on Monday, but experts warn the rally might be short-lived due to persistent volatility. Analysts suggest avoiding aggressive long positions as the market trend remains negative, with key support levels identified at 23,500. While auto stocks like TVS Motor face pressure, the IT sector shows relative strength, with LTIMindtree being a favored pick.Read More
March has been brutal for Indian markets, with the Nifty plunging 5.3% in just six trading sessions amid escalating US-Israel-Iran tensions. Crude oil surged nearly 29% in a single day, fueling volatility. Technical analysts say the Nifty has broken key support at 24,050, signaling strong downside momentum, while a meaningful reversal remains unlikely in the near term.Read More
Shares of Meesho fell 10% to hit the lower circuit after the company revealed a Rs 1,500-crore tax demand from the Income Tax Department, nearly half of its Q3 operating revenue. The demand relates to the 2023-24 assessment year. Meesho said it disagrees with the order and is evaluating legal and factual grounds to contest it.Read More
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