Latest Updates Around The World
The Nifty IT index closed February about 20% lower, while the tech-heavy Nasdaq fell just 4% in the same month. Experts pointed to structural differences in the composition of the index as a reason for the divergent performance of ETFs benchmarked to the two indices.“The Nasdaq includes hardware, platform and product-led technology companies including AI […]
Auto components maker Shriram Pistons and Rings (SPRL) has raised Rs 1,000 crore from a group of mutual fund investors to finance its Rs 1,670 crore acquisition of Spanish company Groupo Antolin’s local entities, people familiar with the fundraising told ET.The money was raised through the issuance of two separate sets of non-convertible debentures (NCDs), […]
Indian stock markets closed sharply lower on Thursday after ongoing tensions between the US and Iran triggered broad selling. The benchmark indices broke their three-session winning streak, pressured by losses in auto, financial, IT and consumer stocks. The Nifty fell 365 points, or 1.41%, to settle at 25,454.35, while the 30-share BSE Sensex ended at […]
Morgan Stanley and Goldman Sachs acquired shares in small-cap multibagger Ather Energy in separate block deals on Wednesday, with the National Investment and Infrastructure Fund (NIIF) emerging as the seller. NIIF has sold over 33.78 lakh shares in transactions worth around Rs 233 crore.Other buyers of the electric two-wheeler maker included Tata Mutual Fund, Aditya […]
Fractal Analytics on Friday said it has raised Rs 1,249 crore from anchor investors ahead of its proposed initial public offering (IPO), after allotting 1,38,69,499 shares to 52 anchor investors at the top end of the price band of Rs 900 per share.The IPO opens for public subscription on Monday, February 9 and closes on […]
Indian traders are bracing for a year of record government debt supply, which could keep borrowing costs high in the country’s $1.3 trillion bond market.Finance Minister Nirmala Sitharaman’s Feb. 1 budget could raise gross debt 11% to 16.5 trillion rupees ($180 billion) for the fiscal year starting April 1, according to the average estimate of […]
New-age logistics company Shadowfax Technologies has raised around Rs 850 crore from major investors ahead of its initial public offering (IPO), which opens for subscription on January 20, according to sources familiar with the matter.Domestic institutional investors are believed to have captured a large share of the anchor book, with strong participation from mutual funds […]
Swiggy has been attracting steady interest from major institutional investors, including Foreign Institutional Investors (FIIs) and Mutual Funds (MFs). When such institutions consistently increase their stake in a company, it often reflects strong confidence, as these investors typically commit capital only after detailed research. Retail investors often keep a close eye on these trends to […]
In a dramatic reversal that caught bullish traders off guard, MCX Silver March Futures plunged 8% or Rs 21,000 per kg on Monday, crashing from an unprecedented peak of Rs 254,174/kg to Rs 233,120/kg after a non-stop rally that pushed the white metal to never-before-seen levels.The carnage followed silver’s historic breach of the $80 per […]
MCX Silver March futures crashed by Rs 21,000 per kg during the afternoon session to an intraday low of Rs 2,33,120 within just an hour as traders booked gains after geopolitical tailwinds subsided. The cooldown in safe haven demand came after prices rose to a record high of Rs 2,54,174 earlier in the day.On the […]
