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Excitel shelves $200-million fundraise plans as exit pressure from seed investor subsides
The broadband provider will fund its IPTV expansion through internal cash flows after shutting down underperforming markets to post its first-ever profit in FY26.
Shrimp startup Aquapulse bags Rs 45 crore to connect farmers with global buyers
Aquapulse has secured ₹45 crore in a funding round led by NABVENTURES. This capital will boost farm technology and disease management. The company will also expand its farmer network in eastern India. Processing and export operations will scale up. Aquapulse connects small shrimp farmers to global markets, ensuring stable revenue and transparency.
Groww, Lenskart, 9 other stocks among Motilal’s non-Nifty ideas. Check full list
Motilal Oswal has revealed its top non-Nifty stock picks. The brokerage anticipates robust earnings growth for these companies. Key names include ICICI Prudential AMC, TVS Motor, and Dixon Technologies. Delhivery shows the highest projected earnings expansion. Investors can explore these opportunities for potential gains.
Stocks to buy: Sagar Doshi suggests Cyient, Timken India, JBM Auto shares to buy
Indian equity markets opened lower on June 2, with the Nifty 50 down 0.66% and the Sensex falling 0.43%. Concerns over the Middle East conflict and foreign investor selling contributed to the decline, with significant losses in major sectoral indices and the broader market.
Blackstone closes its largest-ever Asia fund at $13.1 billion
The oversubscribed fund more than doubles the capital of its predecessor, defying a sharp regional fundraising slump as investors flock to large global platforms.
Sensex falls over 400 points, Nifty below 23,250 amid US-Iran tensions, persistent FII selling
Indian stock markets experienced a significant downturn on Tuesday. Both the Sensex and Nifty indices saw substantial declines. This drop was influenced by renewed tensions concerning the Iran-US conflict and continued selling by foreign institutional investors. Several major stocks, including Bajaj Finance, faced losses. However, IT stocks showed resilience, moving against the general trend.
Expert view: Can't say the worst is behind for markets; positive on banks, says Mittul Kalawadia of ICICI Prudential AMC
Mittul Kalawadia, Senior Fund Manager at ICICI Prudential AMC, emphasises the importance of flexible investment strategies and identifies banking and specific discretionary sectors as attractive opportunities amidst ongoing volatility.
Sensex Today | Stock Market Live: GIFT Nifty hints a weak start; US markets gain, Asia slips - Moneycontrol.com
Sensex Today | Stock Market Live: GIFT Nifty hints a weak start; US markets gain, Asia slipsMoneycontrol.com
RBI clears Mirae Asset MF to raise stake in Equitas SFB up to 9.5%
The RBI has approved Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.5% in Equitas Small Finance Bank. The approval is valid for one year and is subject to compliance with banking and securities regulations.
Quote of the day by Seth Klarman: "The challenge is whether you can invest in things that won’t be too bad on the day when the market turns"
Seth Klarman, a renowned investor, highlights a crucial investment challenge. He emphasizes preparing portfolios for market downturns, not just bull markets. This involves investing in resilient businesses with strong fundamentals. Such strategies protect capital during volatility. Long-term wealth creation depends on managing risk and enduring inevitable market shifts. Disciplined investing and downside protection are key.
INR slides further as renewed geopolitical tensions led to surge in crude oil prices
The Indian rupee depreciated 5 paise to close at 94.90 (provisional) against the US dollar on Monday, amid renewed geopolitical tensions between the US and Iran and surge in crude oil prices. Strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments. At the interbank foreign exchange market, the rupee opened at 94.93 against the US dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day. Meanwhile, domestic markets also closed sharply lower due to escalating Middle East tensions, surging crude oil prices, and ongoing foreign institutional investor (FII) outflows. The BSE Sensex settled at 74,267.34, down by 508.40 points (0.68%), and the NSE Nifty 50 ended at 23,382.60, dropping 165.15 points (0.70%).
Quick Wrap: Nifty IT Index rises 2.66%
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