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Benchmark indices extended gains as Sensex climbed 544 points to 78,639, driving eight BSE 100 stocks to fresh 52-week highs. Divi’s Laboratories, TVS Motor, Bajaj Auto and Bajaj Finance led the rally, reflecting strong buying momentum and improving investor sentiment across key sectors.
DLF Ltd has recorded a modest profit growth of four percent in the June quarter, though total income suffered a notable drop, affecting its financial outcomes. The increase in net profit stems from better performance in associate and joint ventures. However, a significant downturn in sales bookings occurred due to postponed housing project launches.
India’s stock markets have introduced an innovative auction system to determine closing prices, specifically designed for cash market stocks paired with derivative contracts. This progressive framework is set to enhance transparency and effectiveness in price discovery, aligning India with international standards. Consequently, it will influence the settlement prices for both stock and index derivatives, marking…
Mohnish Pabrai says investing relies on judgment, patience and probability rather than certainty. He advises focusing on business fundamentals, managing risk and maintaining a margin of safety instead of chasing precise forecasts or short-term market movements for long-term wealth creation.
Zepto has deferred its highly anticipated IPO after domestic investors proposed a 68% valuation cut, valuing the rapid-commerce firm at $2.3 billion against its earlier $7.2 billion unlisted valuation. Facing market skepticism over loss-making startups, the company will now raise capital privately before attempting a public listing.
Nifty surged nearly 200 points in two minutes after India introduced the Closing Auction Session for F&O stocks. The new mechanism replaced the VWAP-based closing price with an auction-driven equilibrium price, altering index movements, trading timelines and intraday position management.
SpaceX’s upcoming earnings report is set to provide insights into Starlink’s profitability as it expands into AI and space initiatives. Analysts predict notable advancements in both the Starlink and AI sectors. Furthermore, the development of Starship will play a vital role in shaping the company’s future. Investors are looking for detailed updates on AI self-funding…
Technocraft Ventures has set the IPO price band at Rs 200-212 per share. The issue will open on August 7 and close on August 11, while anchor investor bidding will take place on August 6.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…