Category: Business News & Economy

Foreign institutional investors (FIIs) reversed their selling trend in six select Indian stocks, turning them into multibaggers. Bajaj Consumer Care led the pack with a 265% surge after FIIs significantly increased their stake. Other beneficiaries include Acutaas Chemicals, SML Mahindra, Dee Development Engineers, United Foodbrands, and RateGain Travel Technologies, all witnessing substantial gains following FII…

Waterways Leisure Tourism IPO: The IPO received a lukewarm response on its final day of bidding, with the issue subscribed only 69% overall. While retail investors showed strong interest, subscribing their portion three times, participation from institutional investors remained weak.

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…

On Thursday, Indian stock markets experienced a remarkable surge, with both Sensex and Nifty seeing significant gains as oil prices fell below $73 per barrel. This decline in crude oil costs, along with a strengthening rupee, heightened investor enthusiasm. While the Realty and Auto sectors thrived, analysts express concern over potential adverse effects on rural-focused…

CSM Technologies’ IPO is seeing a subdued response on its second day, with only 32% subscription. Retail investors show more interest, subscribing to 53% of their quota. The grey market premium is a modest 4%, suggesting limited listing gains. The company, a digital transformation and GovTech solutions provider, aims to raise ₹145.78 crore. Analysts advise…

Indian stock markets closed with modest gains on Sensex monthly expiry day, as both indices erased significant intraday advances. Sensex added 109 points to 77,100.47, and Nifty 50 climbed 34 points to 24,056. Strong performances from IndiGo, M&M, and Maruti Suzuki bolstered the gains, while Power Grid shares saw notable declines. The broader market, however,…

Five NSE F&O stocks, including Oracle Financial Services, IndiGo, IRFC, Swiggy and Avenue Supermarts, saw sharp open interest build-up on June 24, signaling heightened trader participation and fresh futures positions.

Jaipur’s Advit Jewels IPO is witnessing overwhelming investor interest, subscribed over 212 times by day three, with a significant 40% grey market premium. The Rs 165 crore issue, a fresh equity offering, will fund working capital and debt repayment. The handcrafted jewellery brand, operating under the Rambhajo name, specializes in traditional and contemporary designs, boasting…

InCred Equities has turned bearish on the aluminium sector, advising investors to exit aluminium stocks as it sees a potential 30–40% downside. The brokerage argues that the market is incorrectly valuing aluminium as a supply-constrained primary metal, overlooking its unique nature as a highly recyclable, above-ground resource.

Indian Railway Finance Corporation (IRFC) shares dipped as the government initiated an Offer for Sale (OFS), aiming to divest nearly 2% stake. The OFS, priced at a slight discount, saw strong institutional investor interest, leading to the exercise of the greenshoe option. Retail investors and employees can now participate in the sale, which aims to…