French multinational bank BNP Paribas on Friday bought 5.28 lakh shares worth Rs 64 crore in State Bank of India (SBI) via a block deal. The seller in the deal was Societe Generale. The shares were bought via its investment arm BNP Paribas Financial Markets at a price of Rs 1,204 apiece versus the Thursday…
Gold and silver continued their sharp selloff on MCX, with futures sliding 6% at the open on February 1, dragging gold ETFs down by as much as 16% in early Friday trade. Gold futures for April delivery slid 6%—down Rs 9,140 per 10 grams—to open at Rs 1,43,205, extending a sharp three-session decline of almost…
Smallcap auto retailer Landmark Cars saw an exit by Goldman Sachs and a stake sale by Polar Capital Funds Plc through separate bulk deals on Thursday. Goldman Sachs offloaded nearly 13.75 lakh shares for about Rs 50 crore while Polar Capital Funds sold 2.51 lakh shares, valued at roughly Rs 9.3 crore. The stake sale…
European shares were muted on Tuesday, as caution lingered ahead of the U.S. Federal Reserve‘s two-day policy meeting starting later in the day, while gains in financial and industrial stocks kept the index afloat. The pan-European STOXX 600 was up 0.1% at 579.14 by 0810 GMT. Major regional benchmark indexes were broadly higher, with the…
European shares retreated on Tuesday, pausing after a third consecutive record-high close on signs of easing Sino-U.S. trade tensions, as investors assessed a slew of corporate earnings. The continent-wide STOXX 600 index was down 0.2% at 575.88 points, as of 0810 GMT. Optimism over a potential U.S.-China trade deal supported markets on Monday. The spotlight…
Ace investor Ashish Kacholia has hit a half-century with the addition of a new stock to his portfolio in the quarter ended September. He picked up Jain Resource Recycling, a smallcap stock that made its market debut on October 1. According to the company’s Red Herring Prospectus (RHP), the shares were allotted to Bengal Finance…
Goldman Sachs on Friday sold over 1 crore shares of food deliver and quick commerce company Eternal Limited for Rs 355.32 crore where the buyer was BOFA Securities. The shares were sold at a price of Rs 329 apiece, flat over the Wednesday closing price. Today Eternal shares closed at Rs 328.20 on the NSE,…
French multinational bank BNP Paribas sold 65,610 equity shares worth Rs 122 crore in Force Motors via a bulk deal on Friday. The shares were sold at a price of Rs 18,581.1 apiece, a 2% discount from the Thursday closing price of Rs 18,952.10. Force Motors shares today ended with 2% decline at Rs 18,555.55…
State-run Indian Renewable Energy Development Agency (IREDA) has launched its much-anticipated Qualified Institutional Placement (QIP) to raise up to Rs 5,000 crore, as the renewable energy financier looks to fund its next phase of growth. The floor price has been set at Rs 172.4 per share, just 2.3% below Thursday’s close of Rs 176.50. Shares…
Emerging market carry trades are taking off again, as currency volatility subsides amid signs US president Donald Trump’s aggressive tariffs may not get fully enacted. An index of carry returns hit a seven-year high in late May. Asset managers have boosted long positions in developing-nation currencies in recent weeks, with those on Mexico’s peso reaching…