The Indian rupee closed almost flat on Tuesday. Traders refrained from new bets against the currency. Expectations of upcoming inflows and Reserve Bank of India interventions provided support. The rupee hovered near its recent record low. IPO-related inflows this week may offer some relief. The RBI appears to have established a floor for the rupee...Read More
Indian equity benchmarks Sensex and Nifty extended their gains for a fourth consecutive session on Tuesday, driven by strong performance in heavyweight financials. Optimism surrounding the Reserve Bank of India’s new lending reforms and positive corporate updates ahead of September-quarter earnings bolstered market sentiment, with broader markets also advancing.Read More
Leasing of office spaces fell 6 per cent across top eight cities during September quarter on lower demand amid global uncertainties, Knight Frank said on Tuesday, but asserted that the full calendar year will see a record absorption of workspaces.Read More
India’s Auro Realty, the real estate arm of Aurobindo Group which also owns drugmaker Aurobindo Pharma, is planning to raise 20 billion rupees ($225.41 million) through the sale of bonds to fund a key acquisition, two merchant bankers said on Tuesday.Read More
Indian markets are showing renewed momentum, with Nifty confirming a trend reversal and entering a bullish phase. CA Rudramurthy BV of Vachana Investments advises buying on every dip, anticipating Nifty to test 25,450-25,500 and Bank Nifty to hit new highs. He remains bullish on metals, PSU banks, and new-age companies, expecting FIIs to return as...Read More
Antique Stock Broking expects India’s textile sector to enter a new growth cycle driven by policy support, easing tariffs, and rising man-made fibre demand. It recommends buying Nitin Spinners and Sanathan Textiles, while maintaining a hold on Vardhman Textiles.Read More
Indian stock markets are preparing for a new rally. Consumption and banking sectors are expected to lead the charge. Recent GST changes are boosting sales in consumer and auto industries. Banking stocks are becoming attractive after a period of consolidation. Experts believe this is a good time for long-term investors to increase their exposure to...Read More
Glottis Ltd shares experienced a sharp decline on their market debut. The stock fell significantly on both the BSE and NSE. This happened despite the company’s established presence in the logistics sector. The IPO was priced at Rs 129 per share. The company raised Rs 307 crore through the IPO. Investor sentiment appeared subdued during...Read More
Top 10 IPOs debuting tomorrow saw mixed investor response. Infinity Infoway, Advance Agrolife, and Sheel Biotech led with high subscriptions and GMPs, while several others recorded flat or muted market interest.Read More
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