Auto components maker Shriram Pistons and Rings (SPRL) has raised Rs 1,000 crore from a group of mutual fund investors to fund its Rs 1,670-crore acquisition of the local entities of Spanish company Groupo Antolin, people familiar with the fundraising told ET. The money was raised by issuing two separate sets of non-convertible debentures (NCDs),…
Indian benchmark indices came under heavy selling pressure during the week, with the Nifty 50 sliding over 2.5% to close at 25,048, while the BSE Sensex declined nearly 2.4% to end at 81,537. The sell-off was broad-based, with all sectoral indices finishing lower and midcap and smallcap stocks seeing notable wealth erosion. The downturn in…
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said. Equity markets would be closed on Monday for Republic Day. Moreover, trading activity of foreign investors, rupee-dollar…
The Indian market closed lower on Tuesday, with the Sensex and Nifty extending their decline for a second straight session, as persistent foreign portfolio outflows and a weakening rupee kept investors on edge. Lingering uncertainty over a potential U.S. trade deal added to the cautious mood on Dalal Street. The S&P BSE Sensex fell 533…
Global brokerage firm Jefferies projects the Nifty to reach 28,300 by December 2026, attributing this forecast to two strong drivers — sustained equity supply and robust domestic flows. These factors are expected to keep Indian equity markets range-bound over the coming year. The target is based on a 20x PE multiple on estimated Dec-27 earnings,…
Markets regulator Sebi has granted in-principle approval to the registration of ‘Raajmarg Infra Investment Trust‘ (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements during the next six months, an official statement said on Friday. As a part of the process to secure final registration, RIIT…
Markets edged higher on Thursday and touched a new record, supported by favourable global cues. Beyond strength in US markets, optimism around potential interest rate cuts and easing crude oil prices continued to support buying sentiment. “We expect the positive momentum to continue, with the Nifty gradually advancing toward the 26,500 mark. On the downside,…
Indian shares advanced for a fourth session on Monday, with the Sensex climbing 0.5% and the Nifty closing above the 25,800 mark, as heavyweight Reliance Industries and HDFC Bank surged on post-results optimism. Gains were partly offset by profit-taking in ICICI Bank, which capped the broader rally. The S&P BSE Sensex surged 411.18 points, or…
Even as banks tread cautiously on personal loan disbursements, non-bank lenders are rapidly capturing market share in the segment. According to data from credit bureau CRIF and brokerage house Nomura, NBFCs’ share in new personal loan originations by value rose to 41% as of June 2025 from 27% two years earlier. In terms of volume,…
Antique on Oberoi Realty: Buy| Target Rs 2269| LTP Rs 1640| Upside 38% Antique on Oberoi Realty: The brokerage issued a Buy call with a target of Rs 2,269, offering a potential upside of 38% from the last traded price of Rs 1,640. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own….