For oil & gas sector, January’s $182 million outflows marked the fifth consecutive month of selling. For automobile sector, it was the sixth straight month of FII selloff at $672 million. In its latest strategy note, JM Financial noted that foreign institutional investor (FII) ownership as a percentage of total Indian equities slipped further…
DetailsThe consortium of investors includes the investment arm of Azim Premji, Claypond Capital – the investment office of Dr Ranjan Pai, as well as funds managed by 360 ONE Asset. The funds raised will fuel Akasa Air’s path to becoming one of the top 30 airlines in the world by the end of this decade,…
DetailsEternal will comprise four major businesses (as of now) – Zomato, Blinkit, District, and Hyperpure. The stock symbol will also change from Zomato to Eternal. I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd, said Deepinder Goyal. Food tech major Zomato has changed its name…
DetailsDomestic brokerage firm Axis Securities has chalked out as many as 16 stocks including Trent, SBI, HDFC Bank, HCL Tech, Lupin and more for the month of February 2025. Domestic brokerage firm Axis Securities has chalked out as many as 16 stocks for the month of February 2025. The brokerage claims that its basket…
DetailsSwiggy Q3: Consolidated net loss widened to Rs 799.08 during the December 2024 quarter (Q3 FY25) as against Rs 574.38 crore in the year-ago period. Swiggy Ltd, online food and delivery platform, on Wednesday posted a wider consolidated net loss of Rs 799.08 during the December 2024 quarter (Q3 FY25) as against Rs 574.38…
DetailsTechnical charts suggest the BSE Sensex can potentially surge to 80,600; while, the Nifty MidCap and SmallCap indices can rally up to 5 per cent from present levels. The NSE Nifty 50 index hit high of 23,632, and a low of 23,318 in intra-day trades on Saturday, February 01, 2025 in a special trading…
DetailsThe 30-share BSE Sensex pack surged more than 1,400 points to hit above 78,600 level, while the broader NSE Nifty index moved around 400 points to trade above 23,750. Domestic stocks rose sharply in afternoon deals on Tuesday. The surge was supported by gains in banks, financials, energy, metal and technology stocks. The 30-share…
DetailsFinance and Revenue Secretary Tuhin Kanta Pandey on Monday said that the Indian rupee is a free-floating currency and the government is not worried about its ups and downs, which are caused by international money movements. The statement comes after the rupee fell to a record low of 87.29 against the US dollar, decreasing by…
DetailsFutures for Wall Street’s main indexes tumbled on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico, Canada and China. Over the weekend, Trump imposed hefty new tariffs of 25 per cent on imports from…
DetailsStock market today: The Indian stock market closed on a flat note after FM Nirmala Sitharaman presented her 8th consecutive Budget speech on Saturday. Sensex rose 5 pts to 77,506 and Nifty fell 26 pts to 23,482. Market cap of the BSE-listed firms stood at Rs 423.76 lakh crore today. Of 30 Sensex stocks, 16 shares…
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