Market News
Stay updated with the latest market trends, earnings, and economic indicators.
SEBI proposes changes in price discovery mechanism for IPOs, re-listing stocks
SEBI proposed changes to the price discovery mechanism for IPOs and relisted stocks due to concerns over the current framework distorting prices. The regulator seeks public input to enhance efficiency and improve market discovery, citing issues with the existing dummy price band system.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.
Ola Electric Plans Full Transition To In-House Battery Cells By Sept 2026: Bhavish Aggarwal To Shareholders
Ola Electric said around 15% of current orders are already coming from products powered by its own 4680 Bharat Cells.
Walmart issues weaker-than-expected guidance despite Q1 revenue beat; shares slip
Walmart beats Q1 revenue and lifts net income, but issues weaker EPS and sales guidance as high fuel costs pressure consumers, shares fall about 2% in premarket trading. Walmart guided for adjusted EPS of 72 cents to 74 cents, below estimates of 75 cents for the current quarter.
NFP Sampoorna Foods IPO allotment in focus today; latest GMP, step-by-step guide to check status
NFP Sampoorna Foods IPO allotment date is 21 May. Investors can verify their status on Skyline Financial Services' website. Refunds for non-receivers commence on 22 May, with shares credited to successful applicants' accounts. Current IPO GMP is ₹0.
Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the story
India's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. Jefferies reports that capital flows are low, not the current account deficit. Foreign investors have sold equities worth billions. Domestic savings are now funding these outflows. The Rupee is undervalued, but a rebound is possible.
Metro Brands Q4 Review: ICICI Securities Lower Target Price But Maintains 'Add' On Strong Earnings Visibility — Check Upside
ICICI Securities has maintained its Add' rating on Metro Brands while cutting the target price, implying a modest upside from current levels.
IRDAI may ease norms for insurance cos to invest more in REITs, InvITs
Insurers may soon see relaxed investment rules for real estate and infrastructure trusts. The regulator is considering a combined 6% exposure limit, up from the current 3% for each. Strong investor interest in recent infrastructure offerings, like the Raajmarg InvIT, has fueled demands for greater insurer participation in these long-duration yield assets.
Sebi may allow third-party payments in mutual funds, ease transaction norms
The proposal marks a departure from current regulations that require that all mutual fund transactions must happen with the investor’s verified bank accounts, to enable maintenance of a digital trail.
Huge potential to boost food, beverages exports to UAE: TPCI
India’s food and beverage exports to the UAE are poised for major growth, with current shipments valued at USD 3.6 billion compared to the UAE’s total imports of USD 22 billion. Holding a 10 percent market share, India is emerging as a trusted supplier of quality food products to the Gulf nation. Industry experts believe the India-UAE free trade agreement and the upcoming Indo-Food Park in Mumbai will further strengthen trade ties, enhance export infrastructure, and unlock new opportunities for Indian exporters in the UAE market.
Banks need to push Atal Pension Yojana subscribers toward higher pension slab: DFS Secy
Financial institutions are urged to guide Atal Pension Yojana subscribers towards higher pension slabs. Many subscribers remain in the minimum Rs 1,000 monthly pension category. This amount may not be sufficient in the future. Banks must counsel individuals to choose plans reflecting future needs and current affordability. Efforts are also underway to re-examine the scheme for potentially higher pension payouts.
Nomura highlights the one stock to play the EMS theme, projects 30% upside
At 28 times its financial year 2029 estimated Earnings Per Share, Avalon Tech's current valuations are "attractive" as per Nomura.