Market News
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Oil slide powers India's stock benchmarks to longest weekly winning run 7 months
Indian stock markets achieved their longest winning streak in seven months, with the Nifty 50 and BSE Sensex closing higher. Falling crude oil prices and measures to boost the rupee and attract foreign investment bolstered investor confidence. The Reserve Bank of India's stance against near-term rate hikes also supported sentiment, with the pharma and financial sectors showing notable gains.
‘Korean markets are like small caps’, says Capitalmind Mutual Fund CEO Deepak Shenoy; Kospi jumps 5%
Investor sentiment in South Korea shifted amid falling oil prices and positive news from US-Iran talks. However, proposed taxes on unrealised gains introduced uncertainty, contributing to significant market volatility and sharp fluctuations for major technology stocks.
Alpha Wave sells entire 1.9% stake in Delhivery; stock falls over 2%
Global investment firm Alpha Wave Global has divested its entire 1.93% stake in logistics giant Delhivery for Rs 665 crore. This significant exit saw the firm offload over 1.44 crore shares. In related news, venture capital firm Nexus Venture Partners also sold a substantial stake in Delhivery, while Mirae Asset Venture Investments reduced its holding in logistics firm Shadowfax Technologies.
Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
Bulls roar back as Nifty reclaims 24,000, Sensex soars over 700 points
Key equity benchmarks rebounded sharply on Wednesday, with the Sensex rising over 700 points and the Nifty reclaiming the 24,000 mark. The sentiment was supported by easing concerns over interest rate hikes after RBI Governor Sanjay Malhotra said discussions on rate increases were premature. Sentiment was further aided by a recovery in South Korean markets, optimism over a potential India-US trade deal, a decline in crude oil prices below $77 per barrel, and foreign institutional investor buying. Gains in heavyweight IT and private banking stocks, lifted the indices.
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 is market rising today? Sensex rallies 900 pts, Nifty above 24,050. 6 key factors driving D-St rebound
Indian stock markets experienced a significant upswing on Wednesday, with both the Sensex and Nifty registering robust gains. This positive momentum was fueled by a more optimistic investor outlook, following the RBI Governor's indication that further interest rate increases might not be necessary. A recovery in South Korean stocks and other favorable international market trends also contributed to the buoyant trading session.
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Indian stock markets experienced their sharpest single-day drop in nearly a month, mirroring a global tech sell-off. The Nifty 50 and BSE Sensex both fell significantly, influenced by a strong US dollar and profit-taking after recent gains. While pharma and healthcare sectors showed resilience, most others, including metals and IT, declined. Market volatility increased, with analysts watching key support levels closely.
Metal companies' hot run comes to an end as West Asia cools off
Metal stocks experienced a significant downturn Tuesday, with the Nifty Metal index dropping 3.2% as falling commodity prices, domestic economic slowdown fears, and anticipated US Federal Reserve rate hikes impacted investor confidence. Vedanta led the decline. Analysts suggest a cautious approach, advising a wait-and-watch strategy before re-entering the sector amidst these headwinds.
Graphite India management to meet Kotak Mutual Fund on June 24 - scanx.trade
Graphite India management to meet Kotak Mutual Fund on June 24scanx.trade
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty plunged over 1% on Tuesday amid global market weakness, IT sector losses, a weaker rupee and fresh foreign fund outflows. Investors will track technical levels, global cues, FII activity and key stock movements on Wednesday as markets look for direction after the sharp decline.
Nvidia says gaming PC cooling tech in their newest AI servers will fix water crisis - Here's how
Nvidia's latest AI servers ditch water-hungry cooling fans in favour of a closed-loop liquid system, the same technology found in high-end gaming computers. The company says a single data centre could save over $4 million a year in energy and water costs.