Indian stock market traded in the deep red, with benchmark indices Sensex and Nifty plunging over 1 per cent each as rising uncertainties around Iran-US war, persistent FII selling and other factors dampened investor sentiment. The 30-share BSE Sensex fell 303.67 points or 0.41 per cent to close at 74,346.17, while NSE Nifty declined 77.95…
Q4 Earnings Outlook: Prateek Agrawal of Motilal Oswal AMC shared his outlook exclusively on ET Now. He talked about sector rotation, investment strategy, and where opportunities could emerge in the coming months. Go through the article to understand which sectors may lead the next leg of market performance and how investors should position themselves in…
Notablt, Garner emphasised that the FII exodus is not an India-specific phenomenon. “The kind of FII selling that you’re seeing in India is also taking place in other markets… like Indonesia… Southeast Asia, and even in a market like Australia,” he pointed out. “Investors are withdrawing portfolio flows and investing in the north of Asia.”…
Shares of NHPC Ltd. gained 5% as its offer for sale (OFS) opened for retail investors on Wednesday, June 3. Retail investors fully subscribed to the OFS as they bid for 6.19 crore shares of the 3.01 crore shares on offer on Wednesday. At the end of the March quarter, retail investors held 8.28% stake…
Capacite Infraprojects Ltd. on Wednesday, June 3, said it has secured an order worth ₹589 crore from a subsidiary of Raymond Realty Ltd. The company, in a stock exchange filing, said, it received a letter of intent (LoI) from the Raymond Realty subsidiary Ten X Realty East Ltd. for the civil core and shell works…
The level of euphoria in the market is worrying investors who think the rally is going too far, too fast. There remain many risks on the horizon that could hurt the stock market, including the likelihood that the Federal Reserve could hike rates this year. The speed of the market’s run-up in the last two…
Foreign investors may be selling Indian shares in the secondary market, but they continue to show strong interest in high-quality Indian initial public offerings (IPOs), according to Amol Gupte, CEO-Asia South at Citi. Speaking at the Citi India Conference, Gupte said investors are still willing to back strong Indian businesses despite global uncertainty and market…
Shares of India’s largest IT services company, Tata Consultancy Services Ltd. shares plunged as much as 9% on Wednesday, June 3, putting the IT major on course for its biggest single-day decline in more than six years. The stock hit an intraday low of ₹2,224.80 and was trading 8.6% lower at ₹2,235.4 as of 1.10…
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS…
Retail investors have been given a separate window on June 3 to participate in the share sale. The divestment is part of the government’s broader plan to meet its disinvestment targets while improving public shareholding in state-run enterprises. NHPC, with a market capitalisation of around Rs 75,418 crore, remains a key player in India’s hydroelectric…
