BUSINESS
Adani stocks make Gautam Adani 2nd richest Indian, Rajiv Jain of GQG Partners 82% richer
Adani Group stocks have been on a tear since November 24, elevating its market cap by nearly Rs 4.5 lakh crore to reach Rs 14.8 lakh crore
BUSINESS
Adani group market cap recovers 46% from year's low; 23% below pre-Hindenburg level
The surge in Adani Group stocks boosted Chairman Gautam Adani's wealth by over $10 billion, reaching a fortune exceeding $70 billion according to the Bloomberg Billionaires Index
BUSINESS
Nifty hits a new high, soars above 20,250 on GDP boost, FII buying
FIIs remained buyers for the fourth straight session, buying around Rs 10,000 crore worth of shares, according to NSDL data.
BUSINESS
Robust macros, bullish market drive FPIs to park Rs 8,147 cr in Indian equities on Nov 30
Over the last four sessions, they bought around $1.2 billion worth in Indian markets, as reported by NSDL data.
BUSINESS
Medanta share jump lifts its chief and surgeon Naresh Trehan to billionaire list
With this, Trehan, 77, has become India’s richest professional manager with his net worth surging past Rs 8,402.30 crore or $1 billion.
BUSINESS
FIIs turn buyers in November, but limited to few sessions
Interestingly, this positive trend occurred in only six out of 18 sessions in November: specifically, on 10th, 15th, 16th, 23rd, 24th, and 28th, while in the remaining sessions, they remained net sellers
BUSINESS
Valuation of BSE-listed companies exceed record $4 trillion on sustained rally
BSE's listed firms achieved a $1 trillion market cap milestone in May 2007. It took over 10 years to double that, despite numerous new companies joining the exchanges. The market cap surpassed $2 trillion in July 2017 and $3 trillion in May 2021.
BUSINESS
Nifty Midcap 100, Smallcap 100 gain over 8% so far in November
The gains were the most since July 2022 and easily beat the Nifty 50’s 3.8% rise
BUSINESS
Half of Nifty 50 stocks hit 52-week highs in past month, market holds steady
Among them, 16 stocks have risen to a record high, indicating strong resilience. Meanwhile, the Nifty itself rose just 1 percent.
BUSINESS
Nifty Pharma scales record highs, rises in 14 out of 17 straight sessions
In the second quarter of FY24, the Pharma stocks saw strong revenue growth of 14.3% year-over-year and 1.7% quarter-over-quarter
BUSINESS
Tata Tech sets IPO price band at over 47% discount to unlisted market price
The OFS consists of up to 60.85 million shares by its existing shareholders
BUSINESS
IREDA sets Rs 30-32 price band for its IPO
Basis of allotment will be on November 23, initiation of refund will be on November 28 and the firm will list on exchanges on December 1.
BUSINESS
Jewellery stocks outshine Nifty peers as gold buying picks up pace ahead of Dhanteras
The positive consumer sentiment is rubbing off on jewellery sector stocks, with counters like Kalyan Jewellers, TBZ, Senco and PC Jeweller jumping up to 16 percent over the past week.
BUSINESS
Strong fundamentals, better earnings keep markets bullish in Samvat 2080
Indian equity markets have performed exceptionally well In the ongoing Samvat 2079, despite global challenges like economic downturns in the US and Europe, China's slow growth, and widespread interest rate hikes
BUSINESS
Most listings since last Diwali deliver bumper returns as bulls rule the market
Out of the 56 companies that went listed since Diwali 2022 after collectively raising Rs 47,890 crore from the primary market, the shares of 48 firms are trading above their issue price
BUSINESS
Protean eGov Technologies IPO subscription details and listing schedule revealed
The firm has issued over 446 million PAN since commencement and holds over 45 percent market share as of June 2023.
BUSINESS
Cash, F&O ADTV decline in October amid volatility in Indian markets
The combined average daily turnover of the BSE and NSE hit its lowest point at Rs 72,512 crore, a 20 percent drop from the previous month, marking the largest decrease since June 2022. This is the first month-to-month decline since March 2023.
BUSINESS
BSE MidCap, SmallCap indices end 6-month winning streak in October
Most analysts are now turning their attention to large-cap stocks with more reasonable valuations.
BUSINESS
Bearish sentiments grow as October advance-decline ratio hits seven-month low
Analysts said this indicates that the mood is increasingly becoming bearish.
BUSINESS
FIIs raise stakes in major IT firms in Q2 despite weak earnings outlook
Mutual funds and insurance companies, too, continued to invest in large Indian IT stocks.
BUSINESS
Why blue-chips are lagging behind as mid- and small-cap stocks rally
The markets were supported by domestic funds and retail investors that were more comfortable with the valuations of small and mid-cap stocks.
BUSINESS
SIP account drop-offs on the rise as investors rush to book profit
During January to December 2022, over 1.36 crore SIP accounts were discontinued, or tenure completed, while the number surpassed 1.42 crore between January and September 2023
BUSINESS
Groww overtakes Zerodha as top brokerage in active investors
According to NSE,Groww has 6.63 million active investors while Zerodha has 6.48 million.
BUSINESS
Is the risk of further FII outflows from India rising?
Analysts believe that any outflows from FIIs are unlikely to destabilise the local market.
