Market News
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ET Alpha Wealth Summit: S Naren shares blueprint for investing in a boring market
ICICI Prudential AMC CIO S. Naren described the current market as a “boring phase,” marked by a tug-of-war between FIIs and domestic mutual funds. At the ET Alpha Wealth Summit, he outlined five market-cycle phases, warning that parabolic asset rallies and leveraged investing are classic signs of bubbles.
BlueStone gains 6% as JM Financial reiterates 'Buy', sees over 20% upside
At the current market price, JM Financial sees an upside potential of over 20 per cent and has maintained a target price of ₹650 per share
Broader markets crash! Physicswallah, Coforge, other small & midcap stocks tumble up to 6%. Do you own?
Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, which had surged previously, saw a sharp selloff, with major players like TCS and Infosys dropping significantly. Analysts point to energy shocks and current account deficit concerns impacting market sentiment.
Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31
As part of the strategy, Suzlon plans to quadruple its annual renewable energy sales to 10 GW by FY31, expand its order book to 15 GW from the current 5.7 GW, and increase its renewable energy assets under management (AUM) to 70 GW from current levels.
Goldman Sachs CEO David Solomon Flags Era Of 'More Greed Than Fear' Driving Current Market Boom
Goldman Sachs holds a 29% market share of mergers-and-acquisitions advisory by value year-to-date
NHPC OFS subscribed 3.47 times on day 1; govt to exercise full green shoe option
The sale of over 60.27 crore shares, representing a 6% stake at a floor price of ₹71 a share, would fetch about ₹4,200 crore to the exchequer. This will be the third OFS of a PSU in the current fiscal year. Shares of NHPC Ltd ended at ₹72.28, down by ₹4.91, or 6.36%, on the BSE today, June 2.
Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
In nominal terms, the current record for capital raised by a debut listing is held by Saudi Aramco, which in 2019 garnered $29bn ($38bn in today’s money) when it floated in Riyadh. SpaceX, Anthropic and OpenAI are collectively targeting $200bn-odd.
BofA prefers oil producers over refiners as crude prices stay elevated
Bharat Subramanian, Senior Analyst (Energy) at BofA Global Research, expects oil marketing companies to report negative marketing margins during the current year.
Explained: Why Indian stock market has fallen prey to South Korea, Taiwan’s AI prowess
South Korea's stock market has surged past India's, becoming the world's sixth-largest, driven by its semiconductor giants' AI boom. India faces headwinds from a weakening rupee and lack of AI exposure. Despite current challenges, Morgan Stanley remains optimistic about India's long-term growth prospects, citing improving earnings and macro support.
Companies turn to private market deals amid IPO slowdown, says Deloitte's Berry
While companies continue to believe in India's long-term growth story, many are choosing to wait out the current turbulence before tapping public markets, creating opportunities for private equity, private credit and strategic investors.
JLR to raise $2 billion five-year loan from global banks to refinance debt
Jaguar Land Rover has announced a pivotal financial strategy, obtaining a $2 billion loan from leading multinational banks. This endeavor serves to refinance debts that are maturing early next year. With the loan priced at 155 basis points above the SONIA rate, it reflects a savvy approach amidst current market uncertainties.
