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Mumbai: Nifty Bank has recorded its worst monthly performance in six years, with the index falling more than 16 percent in March. This is the steepest decline since March 2020, when markets had crashed during the COVID-19 outbreak. What makes this fall significant is that every single one of the 14 stocks in the index declined, and all losses were in double digits. The fall ranged between 11 percent and 22 percent, showing broad-based weakness across the banking sector. Heavy Losses in Large B ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India's (RBI) recent measures aimed at supporting the rupee came into effect. All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It ...Read More >
Mumbai, Mar 11 (PTI) Benchmark indices Sensex and Nifty drifted lower in early trade on Wednesday after a day's breather amid the ongoing tensions in West Asia and sustained foreign fund outflows. Selling in blue-chip bank stocks also dragged the markets lower. The 30-share BSE Sensex dropped 96.12 points to 78,109.86 in early trade. The 50-share NSE Nifty declined 22.95 points to 24,238.65. From the 30-Sensex firms, Kotak Mahindra Bank, ICICI Bank, Axis Bank, HDFC Bank, Hindustan Unilever an ...Read More >
New Delhi, Feb 24 (PTI) Omnitech Engineering, a manufacturer of precision-engineered components, on Tuesday raised over Rs 174 crore from anchor investors, a day before the opening of its initial share-sale for public subscription. The anchor book saw participation from several domestic and global investors, including ICICI Prudential Mutual Fund (MF), Nippon India MF, WhiteOak Capital MF, Ashoka India Equity Investment Trust Plc, Malabar India Fund, Edelweiss MF and Allianz Global Investors, a ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, NTPC, ITC, Asia ...Read More >
Mumbai, Feb 16 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, ...Read More >
The demerger is designed to create independent, sector-focused companies with their own balance sheets and leadership teams. Management believes that this will allow each business to pursue tailored growth strategies, attract specialised investors and be valued more accurately by the market. The approval by National Company Law Tribunal (NCLT) of Vedanta Ltd's long-awaited demerger plan on Tuesday, marks a defining moment for one of India's largest natural resources conglomerates. The tribunal' ...Read More >
KSH International's Rs 710-crore IPO drew muted interest on day one, garnering 15% subscription and zero grey market premium, despite a strong anchor round and solid growth outlook. The Rs 710-crore KSH International IPO witnessed modest investor interest on the first day of bidding, with the issue garnering only 15% subscription. The IPO received bids for 19.87 lakh shares against the total issue size of 1.36 crore shares. In the grey market, the IPO is currently trading at a zero premium ove ...Read More >
Mumbai, Dec 17 (PTI) Benchmark indices Sensex and Nifty rebounded in early trade on Wednesday driven by value buying at lower levels and a positive trend in Asian markets. Steady buying activity by domestic institutional investors also brought comfort to the markets, according to experts. The 30-share BSE Sensex climbed 201.23 points to 84,881.09 in early trade. The 50-share NSE Nifty went up by 64.8 points to 25,924.90. From the Sensex firms, Eternal, State Bank of India, Bajaj Finance, Axis ...Read More >
Mumbai, Dec 17 (SocialNews.XYZ) Indian equity benchmark indices traded on a flat note in early deals on Wednesday, as mixed trends in banking stocks kept investors cautious. The Sensex opened 176 points higher at 84,856 but soon gave up its early gains and slipped into the red, touching a low of 84,649. At around 9:25 AM, the index was trading 134 points higher, or 0.2 per cent up, at 84,820. The Nifty was also marginally higher, trading at 25,913, up 53 points or 0.2 per cent. Commenting on ...Read More >
Gujarat Kidney IPO: Gujarat Kidney and Super Speciality, a multispeciality healthcare services provider, is set to launch its initial public offering (IPO) for public subscription on Monday, December 22, 2025. The company aims to raise ₹250.8 crore through a fresh 22 million equity shares. There is no offer for sale (OFS) component. The company has reserved not less than 75 per cent of the net offer for qualified institutional buyers (QIBs), not more than 10 per cent for retail investors, and n ...Read More >
New Delhi, Dec 16 (PTI) The initial public offering of ICICI Prudential Asset Management Company Ltd, an arm of the ICICI Bank, received 39.17 times subscription on the final day of bidding on Tuesday, led by heavy demand from institutional buyers. The Rs 10,602.65-crore IPO received bids for 1,37,14,88,316 shares against 3,50,15,691 shares on offer, according to details available with the NSE. The Qualified Institutional Buyers (QIBs) category fetched 123.87 times subscription, while the quot ...Read More >
India's Fast-Moving Consumer Goods (FMCG) sector is showing strong signs of a volume-led demand recovery, fueled by recent GST-linked price reductions and aggressive promotional activities, according to a new report by ICICI Bank. The analysis highlights that while the overall demand environment is improving, the response has been uneven, with consumers showing a remarkably sharp reaction to price cuts in discretionary categories. The most significant takeaway from the report is the high price ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) POCO, one of India's most trusted consumer technology brands, has kicked off the first sale of its all-new POCO C85 5G, exclusively on Flipkart. Equipped for the best battery experience, the POCO C85 5G packs a 6000mAh battery that delivers over two days of power. It offers 33W fast charging, where individuals can get a 50 per cent charge in just about 28 minutes. In addition, a 10W wired reverse charging allows the device to double as a portable power bank f ...Read More >
New Delhi [India], December 16 (ANI): Fast-moving consumer goods (FMCG) companies in India are witnessing signs of demand recovery, supported by recent GST-linked price cuts and higher promotional activity, according to a report by ICICI Bank. The report said that based on-the-ground checks and its own assessment, select FMCG categories are seeing an improvement in demand after companies reduced prices following GST cuts. These price reductions have encouraged consumers to buy more, especially ...Read More >
Mumbai: Mutual fund profitability could come under pressure with the size of assets under management growing, but a fall in unitholders' fees could compensate for this squeeze, said Nimesh Shah, MD and CEO of ICICI Prudential Asset Management Company, whose ₹10,600 crore Initial Public Offer (IPO) is open for subscription. The issue, which will close on December 16 (Tuesday), was subscribed 2.11 times on Monday-- the second day of the offer. "As the size of the fund grows, margins are coming do ...Read More >
Tata Steel shares: The company announced plans to boost domestic capacity by nearly 50%, including a 4.8-million-tonne addition, aimed at strengthening market leadership and securing long-term raw material supplies. Tata Steel shares are expected to be in focus on Monday, December 15, following the company's recent announcements related to large-scale capacity expansion in India and efforts to secure long-term raw material supplies. The steelmaker is planning to increase its domestic production ...Read More >
The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across ...Read More >
New Delhi, Nov 20 (PTI) State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization potential of National Highway assets. A Public Infrastructure Investment Trust (InvIT) is an investment vehicle that enables retail investors to directly invest in and earn income from a pool of operational infrastructure projects. Units of public InvITs are listed and traded on stock exchanges such as the National St ...Read More >
Mumbai: The domestic equity indices settled sharply higher on Wednesday, recovering significantly from the early losses amid heavy buying in IT heavyweights and selected large-cap stocks. Sensex ended the session at 85,186.47, up 513.45 points or 0.61 per cent. The 30-share index started the session in negative territory at 84,643.78 against last session's closing of 84,673.02. However, the index recovered over 700 points from early losses to hit an intraday high at 85,236.77 amid value buying ...Read More >
MUMBAI: The key domestic equity indices closed flat on Thursday, erasing early gains amid profit booking in IT and auto heavyweights, ahead of Bihar election results. Sensex ended the session at 84,478.67, up 12.16 points or 0.01 per cent. Continuing the previous day's rally, the 30-share index started trading higher at 84,525.89 against last session's closing of 84,466.51. However, the index traded volatile during the session and closed flat amid profit booking post the last three days ' rally ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty were trading with gains early on Tuesday, driven by hopes of rate cut by the Federal Reserve and prospects of a US-China trade deal. The 30-share BSE Sensex climbed 125.93 points to 84,904.77 in early trade. The 50-share NSE Nifty went up by 39.8 points to 26,005.85. From the Sensex firms, State Bank of India, Tata Steel, Larsen & Toubro, Adani Ports, Titan and Maruti were among the major gainers. However, ICICI Bank, Bajaj Finance, Bajaj Fins ...Read More >
New Delhi, Oct 27 (PTI) Helmets manufacturer Studds Accessories Ltd is targeting to raise Rs 455 crore through its initial public offering (IPO), which is scheduled to open on October 30. The company has set a price band of Rs 557 to Rs 585 per share, valuing it at around Rs 2,300 crore at the upper end of the range. The issue will close on November 3, while the anchor book will open for a day on October 29, the company said in a public announcement. The IPO will comprise only an offer-for-sa ...Read More >
Orkla India IPO GMP: Orkla India Ltd. IPO is a book build issue of Rs 1,667.54 crores. The issue is entirely an offer for sale of 2.28 crore shares of Rs 1,667.54 crore. Orkla India IPO price band is set at Rs 695.00 to Rs 730.00 per share. The lot size for an application is 20. Orkla India IPO GMP : The initial public offering ( IPO ) of Orkla India is set to open for subscription on October 29, 2025, and will close on October 31, 2025. The company has announced a price band of Rs 695 to Rs 73 ...Read More >
Mumbai, Oct 26 (SocialNews.XYZ) The combined market valuation of seven of India's top 10 most-valued companies rose by Rs 1,55,710.74 crore in the holiday-shortened week, supported by a positive trend in domestic equities. Tata Consultancy Services (TCS) and Bharti Airtel were among the biggest gainers, according to the official data. During the week, the benchmark Sensex gained 259.69 points, or 0.30 per cent. On Thursday, the 30-share index touched a 52-week high of 85,290.06. Among the top ...Read More >
New Delhi: The combined market valuation of seven of the top-10 most valued firms jumped by Rs 1,55,710.74 crore in the holiday-shortened last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid a positive trend in domestic equities. Last week, the BSE benchmark climbed 259.69 points or 0.30 per cent. On Thursday, the 30-share BSE Sensex hit its 52-week high of 85,290.06. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy S ...Read More >
Jio Platforms is gearing up for its highly anticipated IPO, with analysts projecting it could achieve a dazzling valuation of USD 148 billion by September 2027. This bullish outlook is fueled by enhanced sector dynamics, a more robust tariff environment, and an accelerating shift towards 5G technologies. ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at USD 148 ...Read More >
Mumbai, Oct 24 (PTI) Benchmark indices Sensex and Nifty declined on Friday amid profit-taking in FMCG and banking shares following a six-day rally and fresh foreign fund outflows. Snapping its six-day winning streak, the 30-share BSE Sensex dropped by 344.52 points or 0.41 per cent to settle at 84,211.88. During the day, it fell by 599.25 points or 0.70 per cent to 83,957.15. The 50-share NSE Nifty declined by 96.25 points or 0.37 per cent to 25,795.15 as 34 of its constituents closed lower an ...Read More >
New Delhi: Piyush Pandey, the legendary creative force behind some of India's most iconic advertisements for Fevicol, Cadbury, and Asian Paints, passed away on Friday at the age of 70. He had been suffering from an infection. His final rites will be conducted at 11 am at Shivaji Park in Mumbai. The Voice of Indian Advertising With a career spanning nearly four decades, Pandey served as the Chief Creative Officer Worldwide and Executive Chairman India of Ogilvy. He joined Ogilvy in 1982, initia ...Read More >
New Delhi, Oct 24 (PTI) Orkla India, which owns spices and condiments brands MTR and Eastern, on Friday fixed a price band of Rs 695-730 per share, aiming for a valuation of around Rs 10,000 crore at the upper end. The company's Rs 1,667 crore Initial Public Offering (IPO) will open for public subscription on October 29 and conclude on October 31, according to a public announcement. Anchor investors can submit their bids on October 28. The company's IPO is a complete Offer For Sale (OFS) of 2 ...Read More >
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