Elara noted that inflows of this size into US equities have been relatively infrequent (only 4 times) in recent years and have, in some past instances, coincided with market peaks. The brokerage said that if markets fail to build on recent gains, the likelihood of a near-term correction typically increases.
The company has identified 91.43 acres in Bengaluru for monetisation, a move aimed at clearing the debt and employee dues
KSH International shares are scheduled to be listed on both the NSE and the BSE on December 23, following an 83 percent subscription to its Rs 710 crore public issue.
Weekly options data suggest that the Nifty 50 is expected to face a hurdle in the 26,000–26,200 zone, with support at the 25,900–25,800 levels.
On December 19, Waaree Energies announced that its subsidiary, Waaree Solar Americas Inc, has signed a deal with United Solar Holding Inc to buy around 5.37 mn series B shares for $30 mn
Voltas share price: 'The key message from Voltas’ investor call was that while the situation is clearly improving, it is not yet time to rejoice,' said JM Financial.
With the bull market in US stocks stretching into a fourth year, there are more concerns than ever about the sustainability of heavy spending on AI computing and whether the returns will justify the investments.
All the sectoral indices ended in the green with auto, pharma, oil & gas, realty, telecom, healthcare rose 0.5-1 percent.
Weighted average call money rates were trading at 5.25 percent on December 15, aligned with the report rate when liquidity was in surplus mode. The rates shot up to 5.41 percent on December 16, when liquidity fell in deficit. The rates stood at 5.46 percent on December 17, and 5.36 percent on December 18.
India is the fifth-largest market of the Atlanta, US, headquartered beverage major The Coca-Cola Company.
The NCDs are proposed to be listed on the wholesale debt market segment of the BSE.
IT stocks: The rise in the share prices pushed the Nifty IT index more than 1% higher to hit its day’s high at 39,054.
A strong Friday rally helped D-Street trim weekly losses, with the Nifty posting a triple-digit gain and attempting to reclaim the 26,000 mark. Broader markets outperformed as midcaps surged, market breadth remained strong, and gains were led by realty and auto stocks, while metals lagged. Shriram Finance hit a 52-week high on the MUFG deal, and ICICI Prudential AMC made a solid debut with a 20% listing premium. Catch Nandita Khemka in conversation with Vikas Gupta--CEO & Chief Investment Strategist, OmniScience Capital and Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Equity Research
The move is part of its broader strategy to build an integrated ecosystem around its electric two-wheelers.
Shares gained after the subsidiary secured an industrial licence for manufacturing defence explosives.
Investment remittances, which were close to about $400 million in 2019, are today around $1.7-1.8 billion. Thus, marking a four-times increase, given that meaningful scale in AIFs emerged only after 2019-20.
Vodafone Idea share price: CLSA said that the government may consider a partial relief of AGR dues for the telcom company.
Financial gamification has upended traditional patterns of trust and oversight
Investors chose to lock in gains, leading to selling pressure after the sharp rise in early trade.
The transaction assumes added significance as it marks renewed large-investor interest in the Shriram Group following the exit of Piramal in 202
Market participants believe that the benefits will be concentrated on the BFSI ecosystem, which dominates India’s corporate bond market.
ICICI Prudential AMC share price: LG Electronics continues to the top the list, after its shares debuted with a premium of 50% over the IPO price in October this year.
S Naren said ICICI Prudential AMC’s listing will not alter its investor-first approach, focusing on disciplined asset allocation, risk communication and long-term decision-making.
For the local industry to perform, new AI-led services must offset the deflationary impact of AI on the existing revenue stream
Pharma stocks: The Biosecure Act bars some Chinese biotech companies from receiving federal funding.