Trump SPAC’s Zealous Investors Are Both Blessing and Curse

Trump SPAC’s Zealous Investors Are Both Blessing and Curse

(Bloomberg) — There are 653 SPACs left in the US after the boom went bust last year. Only one of them still trades at the kind of frothy levels that was common during the height of the go-go days: Digital World Acquisition Corp. Digital World is the Miami-based company that’s planning to merge with Donald […]

Markets upbeat as FIIs cut bearish bets overnight

Markets upbeat as FIIs cut bearish bets overnight

MUMBAI : Foreign institutional investors (FIIs) have dramatically squared off their cumulative bearish bets on index futures, Nifty and Bank Nifty contracts, and turned bullish on them in the past two days, raising hope among technical and derivatives analysts that this could add more steam to the 6% rally that got under way at the […]

Multibagger stock gains 134% in 6 months, FIIs stake up 2.08% QoQ: Buy?

Multibagger stock gains 134% in 6 months, FIIs stake up 2.08% QoQ: Buy?

With a market worth of ₹3,079.72 crore, Kewal Kiran Clothing Ltd. is a small-cap business that operates in the consumer-discretionary goods and services (CDGS) sector. Kewal Kiran Clothing Limited (KKCL), one of India’s top manufacturers of branded clothing, specialises in the design, manufacture, and marketing of well-known Indian clothing brands including Killer, Easies, LawmanPg3, and […]

Q2FY23 Preview: Tata Steel: Revenue seen at Rs552,266 million, PAT at Rs50,318 million

Fusion Microfinance’s IPO to open on November 2nd

On November 2, the general public will be able to subscribe to the initial share sale of microlender Fusion Microfinance, which is supported by large global private equity firm Warburg Pincus. The promotion expires on November 4. According to the red herring prospectus (RHP), the bids for anchor investors will be accepted starting […]

Derivative volumes touch record  ₹17,350 trillion in Apr-Oct

Derivative volumes touch record ₹17,350 trillion in Apr-Oct

MUMBAI : Equity derivatives volumes on the National Stock Exchange (NSE) hit a record ₹17,350 trillion so far in the fiscal year, led by proprietary and retail investors. This compares with ₹16,952 trillion for the whole of FY22. The number of contracts traded also hit a record 19.58 billion during the period, against 18.6 billion […]