ICICI Prudential AMC, SBI MF largest investors in Swiggy’s Rs 10,000 crore fundraise

Three mutual funds emerged as the biggest buyers in Swiggy’s Rs 10,000 crore qualified institutional placement, holding more than a third of the total issuance. ICICI Prudential AMC, SBI Mutual Fund and Aditya Birla Sun Life Mutual Fund together picked up shares worth around Rs 3,700 crore during the QIP, according to allotment details.ICICI Prudential […]

Handily below fair value, but big opportunities ahead: Nimesh Chandan lists sectors to watch

Despite the consolidation phase, Nifty is trading below its intrinsic value, says Nimesh Chandan, CIO of Bajaj Finserv Asset Management. He believes this undervaluation represents a strong entry point for investors, with earnings growth expected to accelerate in FY26-27. Chandan is bullish on BFSI, consumer, pharmaceuticals, chemicals and home improvement as key alpha generation sectors.Edited […]

Nifty eyes all-time high as rupee crashes to lifetime low: Can bulls survive the currency rush?

The Indian stock market is at a crossroads: the Nifty is tantalizingly close to its all-time high, just 210 points away, but the rupee’s dramatic plunge to a lifetime low near 89.5 has disrupted the bullish narrative. With foreign investors turning net sellers and currency volatility spiking, the coming sessions will determine whether India’s equity […]

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

The Indian market ended lower on Tuesday, with the Sensex and Nifty ending a six-session winning streak, as volatility around the Nifty’s weekly expiry pushed traders to the sidelines. The mood softened despite reports indicating that negotiations on a possible trade deal between India and the US were nearing completion.The S&P BSE Sensex fell 278 […]