Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Domestic mutual funds overtake FPIs as anchor investors in IPOs: Prime Database
Swarup Mohanty, Vice Chairman & CEO of Mirae Asset Mutual Fund and Pranav Haldea, MD of Prime Database Group explain why mutual funds are becoming more selective, what is driving IPO participation, and how a record pipeline of ₹5 lakh crore worth of IPOs could shape the market.
Blue Jet Healthcare shares rally 9% after Rs 800 crore QIP allotment
Blue Jet Healthcare shares rose sharply on Friday after the company completed its Rs 800 crore QIP, attracting marquee institutional investors, including multiple ICICI Prudential Mutual Fund schemes. The fund raise is expected to strengthen the company's balance sheet, support expansion plans, and boost long-term growth prospects while broadening its institutional shareholder base.
Rajesh Palviya of Axis Sec suggests Paytm, Anand Rathi, Nykaa shares to buy today
Indian benchmark indices opened higher, boosted by gains in IT stocks after TCS reported strong quarterly revenue. Nifty 50 rose 0.68% and BSE Sensex climbed 0.85%. Market breadth was positive, with all major sectoral indices in the green amid easing geopolitical tensions.
INR extend gains amid dollar weakness; Local benchmark indices surge in early trades
The Indian rupee extended gains in opening trades on Friday tracing weakness in dollar overseas on expectations that US and Iran will continue peace negotiations despite a recent escalation. However, oil prices stay supported after recent streak of gains that could limit gains in the counter. INR opened at Rs 95.27 per dollar and hit a high of 95.22 so far during the day. Yesterday, rupee appreciated by 7 paise to settle at 95.41 against the US dollar. Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, boosted by the surge in semiconductor and AI stocks. Indian benchmark indices surged early on Friday, with the BSE Sensex climbing 701.73 points (0.91%) to 77,443.55 and the NSE Nifty 50 gaining 200.85 points (0.84%) to trade at 24,162.25.
D-St set for a positive opening as GIFT Nifty signals firm start
Indian benchmark indices saw volatile trading influenced by the weekly Sensex expiry. Nifty formed an inverted hammer candle, signaling consolidation within the previous session's range. Analysts suggest Nifty holding above 23,800 will lead to consolidation between 23,800 and 24,350. Foreign portfolio investors net sold shares worth Rs 533 crore on Thursday. Domestic institutional investors, however, were net buyers, adding Rs 2,058 crore.
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.
Groww says direct mutual funds remain core offering amid confusion over MF Prime
The investment platform clarified that its new MF Prime service is an optional offering for investors seeking research-backed guidance and does not replace its zero-commission direct mutual fund platform.
Groww responds to Nithin Kamath tweet: Direct mutual funds remain free for DIY investors
Groww assures investors direct mutual funds remain free for do-it-yourself users. The platform stated its commitment to zero-commission offerings for these investors. This clarification follows recent discussions regarding mutual fund offerings in the market.
Zerodha will keep direct mutual fund plans for free, says Nithin Kamath
Zerodha founder Nithin Kamath reaffirmed the company’s commitment to offering direct mutual funds free of charge. He said Coin has helped investors save commissions, while many rival platforms have exited or reconsidered the low-cost direct mutual fund business model.
'Disappeared Or Pivoted': Nithin Kamath Takes Swipe As Groww Shifts To Regular MFs
Kamath defends direct MFs as Groww expands into regular mutual fund offerings.
Market recovers after sell-off; Nifty closes above 23,950
Benchmark indices rebounded on Thursday after the previous session's sharp sell-off, supported by broad-based buying and improving global sentiment. The Nifty closed above the 23,950 mark as easing geopolitical concerns after US President Donald Trump said a renewed war with Iran was unlikely. Meanwhile, renewed FII buying in domestic shares, a steady rupee and optimism ahead of the Q1 earnings season lifted investor sentiment. Broader markets outperformed the benchmarks. PSU banks and consumer durables stocks led the gains. IT and auto shares, however, remained under pressure.
One nation, one KYC could unlock the next phase of mutual fund growth, says SBI Funds
DP Singh, Joint CEO and RS Srinivas Jain, Executive President & Chief of Strategy at SBI Funds Management discuss how simpler onboarding could bring millions of new investors into mutual funds, the huge growth opportunity within SBI's customer base, rising SIP inflows, the shift towards higher-margin active equity funds, and the company's long-term growth outlook.