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🇮🇳116d ago
SBI to sell 1.42% stake in SBI Funds ahead of IPO
State Bank of India is divesting a 1.42% stake in its asset management subsidiary SBI Funds Management through a pre-IPO placement, establishing an early valuation benchmark ahead of the unit's public offering. The IPO is scheduled to open for bids on July 14, with shares expected to list on July 21, as SBI Funds seeks a valuation of up to 1.17 trillion rupees.
🇮🇳116d ago
Indian Indices Show Mixed Signals Amid Sensex Expiry Volatility
Indian benchmark indices experienced volatile trading on Thursday driven by weekly Sensex expiry, with the Nifty forming an inverted hammer candle that signals consolidation. Foreign portfolio investors net sold Rs 533 crore in shares while domestic institutional investors added Rs 2,058 crore, creating mixed directional pressure ahead of the trading session.
🇮🇳116d ago
Groww Reaffirms Free Direct Mutual Funds for DIY Investors
Groww has clarified that direct mutual funds will continue to be offered commission-free for do-it-yourself investors on its platform. The assurance follows recent market discussions about mutual fund pricing structures in India.
🇮🇳116d ago
Sebi Cancels Registration of 12 Research Analysts Over Unpaid Renewal Fees
India's Securities and Exchange Board (Sebi) has cancelled the registration of twelve research analysts for failing to pay renewal fees, according to regulatory announcements. The cancellations followed summary proceedings after the analysts failed to respond to issued notices.
🇮🇳117d ago
Nvidia Trades at Lowest Valuation Since AI Boom Amid $1T Selloff
Nvidia has lost nearly $1 trillion in market value over less than two months and now trades at its cheapest valuation since the artificial intelligence rally began, according to reports. Despite investor concerns about competition and AI spending, analysts remain optimistic about the semiconductor company's long-term prospects based on strong fundamentals and improving technical indicators.
🇮🇳117d ago
Cupid rebounds 6% on upgraded FY27 guidance, strong Q1 momentum
Cupid's shares recovered nearly 6% after a previous session decline, driven by the company's upgraded FY27 revenue guidance of Rs 660 crore and robust operational performance. The positive sentiment reflects strong Q1 results, a healthy order book, and expanding opportunities across healthcare, personal care, and wellness segments.
🇮🇳117d ago
US stocks fall as Trump declares Iran deal over
U.S. equity markets closed lower after former President Donald Trump declared the Iran nuclear agreement concluded, triggering concerns about escalating geopolitical tensions and rising oil prices. The decline reflected broader investor anxiety over conflict risk, though semiconductor stocks gained support from Apple's Broadcom partnership.
🇮🇳117d ago
Fed Officials Weighed Rate Hike Over Iran War Inflation Concerns
Some US Federal Reserve officials considered raising interest rates at their June meeting due to elevated inflation stemming from Middle East geopolitical tensions, according to meeting minutes released Wednesday. The Fed ultimately voted unanimously to maintain rates unchanged at the June 16-17 gathering.
🇮🇳118d ago
Sebi Shifts FPI Registration Fees to Indian Rupee Model
India's Securities and Exchange Board (Sebi) has amended foreign investor registration requirements, mandating that Category-I FPIs and FVCIs pay registration fees in Indian rupees at Rs 2.3 lakh, effective within six months. The change includes new application requirements for date of birth information and a five-day payment forwarding deadline for depository participants.
🇮🇳118d ago
Japanese Fund Managers Bet Big on Yen Bonds as BOJ Policy Shift Lifts Yields
Japanese asset managers are launching new bond funds as rising interest rates revive investor appetite for yen-denominated debt following decades of subdued yields. Major firms including Mizuho and Nomura are expanding their bond fund offerings to capitalize on renewed market demand and attract both domestic and global investors reassessing Japan's fixed-income opportunities.
🇮🇳118d ago
Cost Pressures to Limit Nifty 50 Profit Growth in Q1 FY27
Nifty 50 companies are expected to achieve double-digit revenue growth in the June 2026 quarter, but profit growth will remain in single digits due to margin compression from input cost inflation and elevated crude prices. Companies with stronger pricing power are positioned to better protect margins, while select sectors like automobiles and banking are anticipated to outperform.
🇮🇳118d ago
S&P 500 Falls as AI Concerns Weigh on Chipmaker Stocks
U.S. stock markets closed lower as semiconductor stocks declined amid concerns that the AI-driven rally may have become stretched, with losses in companies like Micron pressuring major indices. Investors are reassessing valuations in AI-linked stocks as competition from China and disappointing earnings from Samsung add to the sector's headwinds.
🇮🇳118d ago
Indian Government Bonds Fall as Profit-Taking, US Yields Pressure Markets
Indian government bonds declined on Tuesday as profit booking drove the 10-year yield to its largest gain in over two weeks, while elevated US Treasury yields and geopolitical concerns weighed on sentiment. Strong foreign inflows and favorable monsoon conditions provided some support to the market.
🇮🇳119d ago
Indian defence stocks slide 5% as investors book profits
Indian defence stocks including Paras Defence and ideaForge declined up to 5% as investors took profits following a sharp rally sparked by the Defence Acquisition Council's approval of Rs 52,000 crore in acquisition proposals. Despite the correction, brokerages maintained a positive outlook on the sector, citing strong order inflows and execution opportunities for major players like HAL and Bharat Electronics.
🇮🇳119d ago
Three Indian Stocks Initiate Coverage With 16-24% Upside Potential
Brokerages have initiated coverage on three Indian companies with positive ratings, projecting potential returns between 16% and 24% across the portfolio. The recommendations span sectors including industrial engines, building materials, and banking, suggesting growth opportunities across diverse market segments.
🇮🇳119d ago
US Stocks Rally on Chip Strength; Broadcom Leads as Microsoft Slides
US stock indices closed sharply higher, driven by strength in semiconductor stocks including Broadcom amid artificial intelligence optimism and positive earnings expectations. Microsoft declined following job cut announcements, while market participants maintained caution regarding Federal Reserve policy decisions.
🇮🇳119d ago
Financial Theories Have Limits, Fred Schwed Jr. Reminds Investors
According to the provided excerpt, Fred Schwed Jr. emphasized that financial principles and theories contain good sense but never achieve absolute certainty in their application. The observation suggests that successful investors must remain flexible and adaptive rather than rigidly following fixed frameworks, as market psychology and unforeseen events regularly challenge established principles.
🇮🇳119d ago
FTSE 100 Slips as Miners Decline Despite Financial Gains
London's FTSE 100 index declined as precious metal miners sold off, though financial stocks provided partial support with gains. EasyJet and ITV led individual gainers on corporate developments, while investors monitored potential Bank of England stimulus for UK government bonds amid geopolitical concerns.
🇮🇳120d ago
SK Hynix launches $29 billion US stock listing
South Korean memory chipmaker SK Hynix completed a $29 billion US stock market debut on Nasdaq on July 10, marking its entry into American equity markets. The listing aims to enhance the company's valuation, improve liquidity for investors, and strengthen its competitive position in the surging artificial intelligence chip sector.
🇮🇳120d ago
Quarter of India's Blue-Chip Stocks Fail to Deliver Meaningful Returns
According to reports, 23 companies within India's BSE 100 index have struggled to generate robust annual returns over the past three years, with many trading below their historical valuations. The underperformance is concentrated in consumer, IT, and BFSI sectors, though select large-cap firms like RIL and TCS are positioned for growth through new ventures and expansion initiatives.