Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Sun Pharma among 4 stocks to hit 52-week highs & rally up to 25% in a month
The Sensex ended higher as select BSE 200 stocks touched fresh 52-week highs. FSN E-Commerce Ventures, Titan, Sun Pharmaceutical Industries and Lenskart Solutions led the momentum.
Market's worst phase is over; focus on picking the right stocks, says Quant Mutual Fund's Sandeep Tandon
Sandeep Tandon believes the next few months will reward investors who pick strong companies rather than simply betting on the broader market, with infrastructure, power and select energy stocks among his top bets.
Knack Packaging IPO listing in focus. Here's what GMP signals ahead of debut
Knack Packaging share price will be listed on Wednesday, 8 July, on both exchanges - BSE and NSE. The shares are commanding a strong premium in the grey market.
TPG, GIC and ICICI Bank acquire Aseem Infrastructure Finance for ₹5,000 crore
Aseem is a leading sustainable infrastructure debt financier with a core focus on renewable energy, power transmission and other infrastructure assets in India. It was established in 2020 by the National Investment and Infrastructure Fund, India’s sovereign-anchored alternative asset manager.
Seemax Resources IPO share allotment in focus today: Latest GMP, 5 steps to check status online
Seemax Resources IPO was a fresh issue of 14,00,000 shares. With a price band of ₹134 to ₹141 per share, the issue aimed to raise ₹19.74 crore. Seemax Resources stock is due to list on the BSE SME on Tuesday, 7 July.
BSE launches Reits index; Waterways Leisure Tourism sinks on debut
BSE launches a REIT-focused index as mutual funds gear up for new schemes, while Waterways Leisure debuts at a discount and Advit Jewels lists with strong gains
Crazy Snacks IPO share allotment in focus: GMP, steps to check status online
Investors who bet on the IPO can check the share allotment status online on the registrar's website. They can also check the share allotment status on the official websites of the BSE.
BSE seeks clarification from Rajesh Exports on ED searches
The Bombay Stock Exchange (BSE) on Wednesday sought a clarification from gold jewellery firm Rajesh Exports Ltd over reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company. The exchange's query came a day after the central agency searched nine premises connected to the firm under the provisions of the Foreign Exchange Management Act (FEMA). "The reply is awaited," Rajesh Exports said in a regulatory filing. The development marks a fresh escalation in the legal troubles surrounding the company, which is already facing allegations of a massive financial fraud levelled by the Securities and Exchange Board of India (Sebi). Rajesh Mehta, the company's Founder and Chairman, recently denied any fund diversion or wrongdoing in an interview with PTI. He said the firm would fully cooperate with the fresh forensic audit ordered by Sebi and would not challenge the market regulator's interim order against it.
Nisus Finance to raise up to Rs 4,000 crore through a real assets investment platform
Nisus Finance is launching a real assets platform to raise up to Rs 4,000 crore, targeting yield-generating and value-accretive real estate opportunities across India. The platform will attract domestic and UAE-based investors, including family offices and ultra-high-net-worth individuals. A key vehicle, the Nisus Yield and Asset Multiplier Fund (NiYAM), will focus on structured credit and equity enhancement for projects like plotted developments and redevelopment.
Why The LaLiT parent Bharat Hotels will focus on consolidation before reviving IPO plans
Bharat Hotels plans to grow through management contracts and joint developments rather than asset acquisitions, while keeping its IPO ambitions alive for the next 2-3 years.
BSE shares in focus as rival NSE files DRHP with Sebi for mega IPO
BSE shares are under scrutiny as rival NSE files for India's largest IPO. While some see this as a natural reaction, experts believe it offers a direct valuation benchmark. The NSE's IPO, an offer-for-sale by several public sector entities, is expected to list on BSE itself. Investors anticipate a return to fundamental analysis post-listing.