Latest Updates Around The World
Nifty’s 4% rally over the past three months has more scope to grow, says Prabhudas Lilladher (PL), who estimates the heartbeat index to reach its target of 29,094 in the next 12 months, implying 11% growth from current levels. PL has revised its targets upwards from 28,781, believing that economic momentum will pick up from […]
Indian shares fell for the third time in a row on Tuesday, November 25, after a volatile derivative expiry dragged the Sensex and Nifty lower, with heavyweights ICICI Bank, HDFC Bank, Infosys, ITC, L&T and Kotak Mahindra Bank weighing on the indices.The S&P BSE Sensex fell 314 points, or 0.37%, to close at 84,587, while […]
The combined market valuation of seven of the top 10 most valued companies rose by Rs 1,28,281.52 crore last week, with Reliance Industries and Bharti Airtel emerging as the biggest gainers, in line with a positive trend in equities.Last week, the benchmark BSE rose 669.14 points or 0.79 percent. While Reliance Industries, HDFC Bank, Bharti […]
Mumbai: GQG Partners has increased its stake in five Adani Group companies – Adani Energy Solutions, Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, and Adani Power – in recent block deals on Tuesday. The Rajiv Jain-backed fund bought shares worth ₹551 crore in Adani Energy Solutions and acquired 53.94 lakh shares […]
The combined market valuation of eight of the top 10 most valued companies rose by Rs 2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers.Last week, the BSE Sensex rose 1,346.5 points or 1.62 percent and the NSE Nifty rose 417.75 points or 1.64 percent. Markets staged a strong […]
Institutional investors are showing renewed confidence in India’s largest public sector lender State Bank of India (SBI) as both foreign and domestic players increase their bets amid strong earnings momentum and positive analyst outlook.In the September quarter, SBI reported a 10% year-on-year increase in standalone net profit to Rs 20,159 crore, compared to Rs 18,331 […]
Chairman of the State Bank of India Challa Sreenivasulu Setty | Photo credit: SHASHNK PARADE State Bank of India (SBI) is backing a new wave of mergers among state-backed lenders as policymakers explore ways to build scale and finance growth in the world’s fastest-growing major economy. “Further rationalization could make sense. There are still some […]
Even as benchmark indices continue to witness renewed selling, the real buzz in the market has shifted to the primary market. But veteran investor Sandip Sabharwal believes the ongoing IPO frenzy may not be as healthy as it first appears.In a candid chat with ET Now, Sabharwal warned that the whole IPO story is “getting […]
The State Bank of India (SBI) on Thursday announced plans to divest a 6.3% stake in its asset management arm, SBI Funds Management Limited (SBIFML), through an initial public offering (IPO).According to the stock exchange filing, the bank will offload 3,20,60,000 shares, representing 6.3007% of the total share capital of SBIFML. The divestment will take […]
