As FIIs exit India’s IT sector, mutual funds are stepping in. Foreign investors pared stakes in eight of the top 10 IT stocks, including Infosys, TCS, HCL Tech, and Tech Mahindra, during the September quarter. Domestic fund managers, however, bought nine out of ten, with Persistent Systems, Tech Mahindra, and Coforge seeing the sharpest divergence...Read More

Infosys’ Rs 18,000 crore share buyback is drawing attention as promoters, including founders, will not participate. This move, offering a 19% premium, will slightly increase promoter stake to 13.37%. The company continues its capital return policy, marking its fourth buyback since 2017, aiming to distribute surplus funds to shareholders.Read More

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Asian markets opened lower after a volatile session on Wall Street. Japan and South Korea saw significant drops. Tech stocks faced pressure from company outlooks and earnings. Trade tensions between the US and China resurfaced. Oil prices jumped on new US sanctions. Retail momentum trades experienced sharp losses. US companies are showing strong earnings this...Read More

Muhurat Trading saw cautious optimism as the Sensex rose to 84,600 and Nifty neared 25,900, with IT, banking, auto, and pharma leading gains. Analysts anticipate Nifty improvement from current levels, supported by a forward P/E slightly above its average. The India VIX fell, indicating reduced market fear.Read More

Indian markets closed marginally higher after a strong start in the Muhurat trading session. Investors are now focused on upcoming earnings, global interest rates, and crude oil prices. Several companies like HUL, Jain Resource Recycling, Ola Electric, Tata Motors PV, and Torrent Pharma are in the spotlight due to significant news developments.Read More

Infosys promoters, including co-founders like Narayan Murthy and Nandan Nilekani, will not participate in the company’s Rs 18,000 crore share buyback. This decision will lead to a slight increase in their shareholding percentage and could impact their voting rights. The buyback aims to return surplus funds to shareholders and enhance long-term value by reducing the...Read More

Small finance banks have approached the Reserve Bank of India with key requests. They want the regulator to ease a rule requiring half their loans to be under ₹25 lakh. They also seek permission to participate in co-lending arrangements. These changes aim to help SFBs expand their reach and serve more businesses, particularly MSMEs.Read More

Yields on British government bonds fell sharply across maturities on Wednesday as investors bet that unexpectedly steady inflation data will prompt the Bank of England to cut interest rates at the end of this year.Read More