Category: Uncategorized

Bears will continue to have upper hand at the bourses on Thursday as high interest rates are here to stay. Global stocks, led by the US, are declining, after the US Federal Reserve said that the higher interest rates are likely to stay for at least one year. FOMC left policy rates unchanged at 5.25-5.50 per cent. […]

The surge in its stock price and the narrower discount vis-a-vis ordinary shares could potentially lead to Tata Motors DVR’s inclusion in global indices in November, said analysts. While Tata Motors is a member of Nifty, Sensex and some global indices, Tata Motors DVR has a much smaller index membership due to its lower free […]

Organic Recycling Systems Limited, a company focused on environmental and waste management solutions, has announced its IPO for 25,00,200 equity shares, wherein each equity share with a face value of Rs 10 is priced at Rs 200, thereby aggregating to Rs 50.40 crore. The minimum lot size is 600 shares. The issue opens on September […]

Asian shares mostly declined in cautious trading on Tuesday ahead of the Federal Reserve’s looming decision on interest rates. Japan’s benchmark Nikkei 225 dropped 1.1 per cent in morning trading to 33,177.75. Australia’s S and P/ASX 200 lost 0.5 per cent to 7,192.40. South Korea’s Kospi edged down 0.3 per cent to 2,568.12. Hong Kong’s […]

The Initial Public Offering (IPO) of fintech player Zaggle Prepaid Ocean Services Ltd was subscribed 12.57 times on the last day of subscription on Monday. The initial share sale got bids for 24,28,83,090 shares against 1,93,26,761 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) was subscribed […]

Most category III alternative investment funds (AIFs) have outperformed the benchmark Nifty50 in the month of August. Long-only funds gave average category returns of 2.3 per cent while long short funds returned 0.14 per cent on average, the data from PMS Bazaar for category III AIFs showed. The Nifty fell 2.5 per cent during the […]

Foreign portfolio investors (FPIs) have pulled out close to ₹4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in ₹1.74 […]

Globally, government bond yields have been on the rise for more than a year as central banks hiked rates at an unprecedented pace to combat inflation. The 10-year US Treasury yield, a global benchmark for bonds, has surged from 1.91 per cent in early 2022 to 4.33 per cent now, narrowing the differential with the […]

The Finance Ministry on late Friday raised Special Additional Excise Duty (SAED), better known as windfall gain levy on domestically produced crude, to ₹10,000 a tonne from ₹6,700. It will come into effect from September 16 This decision has been taken as crude prices have gone up. This rise will likely impact oil exploration companies […]

Sensex and Nifty darted up to fresh lifetime highs on Friday, propelled by a rally in global markets and fresh foreign capital inflows. Besides, buying in telecom, auto and tech stocks also helped markets to settle with gains, traders said. Rallying for the 11th day running, the 30-share BSE Sensex jumped 319.63 points or 0.47 […]