Latest Updates Around The World
The Indian market ended higher on Thursday with the Sensex and Nifty posting a three-day losing run, supported by global risk-on sentiment that revived buying interest across sectors. Both benchmarks had gained nearly 1% in early trade with the Sensex surging over 800 points while the Nifty 50 regained the 25,400-point mark before posting some […]
Paras Defense and Space Technologies Ltd has announced a strategic expansion into semiconductors with the launch of a new subsidiary, Paras Semiconductor Pvt. Ltd.. Paras Defense would also set up an exclusive advanced heterogeneous and 3D packaging OSAT facility, focusing on semiconductor devices for optical and optronic systems for defense and security, High-Performance Computing (HPC), […]
Bharat Coking Coal’s IPO has seen one of the strongest subscription responses seen in India’s primary market in recent years, with bids worth over Rs 1.1 lakh crore swamping an issue size of just Rs 1,071 crore. Data from the exchanges shows that investors bid for 50,93,16,75,600 shares at the highest price band of Rs […]
Shares of Waaree Energies fell as much as 2.7% on Tuesday, extending a brutal sell-off to a ninth straight session and dragging the stock down nearly 15% in just over a week, while weak technical cues continued to weigh on investor sentiment despite a recent capital raise at the energy storage arm.The stock fell to […]
Target: ₹4,260 CMP: €3,095.25 Waaree Energies announced the acquisition of 5.37 million Series B preferred shares of United Solar Holding Inc (USH) for $30 million, which would give it a stake in USH’s large advanced 100 ktpa polysilicon plant in Oman, along with likely customer status, integrating it upstream into the PV value chain. Although […]
Motilal Oswal Financial Services has identified 30 companies that it believes could benefit most as India enters its next multi-decade growth era. The broker expects India’s gross domestic product to rise from $4 trillion today to over $16 trillion by 2042, driven by steady domestic demand, a young demographic, rising productivity and a sustained investment […]
Markets remained volatile and closed lower on Wednesday, continuing the cautious sentiment. Analysts say the recent decline, after Friday’s RBI-driven rally, has weakened short-term sentiment and now see 25,650 as the next critical support.“A decisive break below this level could further widen the consolidation margin, with the next major support at the 25,400 level. On […]
India Inc’s second-quarter earnings season has signaled a return to stability, with at least 108 companies, including Tata Steel, Bharti Airtel, Vikram Solar, Suzlon Energy, Nykaa and Waaree Energies, more than doubling their profits year-on-year, underscoring the broad resilience of demand across sectors.Notable players include renewable energy companies, public sector enterprises and select consumer projects, […]
According to Dipan Mehta, director of Elixir Equities, the Securities and Exchange Board of India’s (SEBI) proposal to revise mutual fund fee rules to reduce costs for investors is unlikely to have a material impact on mutual funds or brokers. Speaking to ET Now, Mehta said the changes appear “marginal” and are mainly aimed at […]
The Indian market continued its winning streak on Friday, supported by foreign inflows, declining US bond yields, a stronger rupee and festive optimism. The S&P BSE Sensex rose 484.53 points, or 0.58%, to 83,952.19, while the NSE Nifty 50 rose 124.55 points, or 0.49%, to 25,709.85. This is how analysts read the market pulse: The […]
