Ahead of Market: 10 Things That Will Determine Stock Market Action on Thursday

India’s frontline indices closed subdued on Wednesday as weakness in the financial, FMCG index and energy sectors limited upward movement even as IT and auto stocks threw in their weight. The Sensex rose 50.15 points, or 0.06%, to settle at 82,276.07, while the 50-share Nifty rose 57.85 points, or 0.23%, to 25,482.50.Meanwhile, the volatility gauge […]

From Rs 10 crore to Rs 10,600 crore! London Prudential achieves 108.170% return on ICICI Prudential AMC IPO

London-based Prudential Corporation Holdings is poised to raise a whopping Rs 10,603 crore in the IPO of India’s largest active asset manager, posting a mind-boggling 108,170% return on shares bought 20 years ago at just Rs 2 each. ICICI Prudential Asset Management Company’s mega offering, which opened for public subscription on Friday, has created a […]