Ace investor Madhusudan Kela has made fresh investments in underperforming stocks, picking up stakes in Indiabulls Limited and Simplex Infrastructures Limited, signalling a contrarian approach amid recent market trends. Kela acquired over 5.15 crore shares in Indiabulls, representing a 2.22% stake. Indiabulls, a smallcap company with a market capitalization of Rs 2,810 crore, operates across…
Indian equity benchmarks eked out modest weekly losses, weighed down by persistent foreign institutional investor outflows and lingering uncertainty over US-India trade talks. Sentiments improved toward the close, however, with markets ending the week on a firmer note after the US Federal Reserve delivered a 25-basis-point interest-rate cut. The Nifty jumped 0.57 per cent on…
The Indian market snapped a three-day losing streak on Thursday, with the Sensex and Nifty staging a broad-based rebound after the U.S. Federal Reserve delivered a 25-basis-point rate cut overnight. The recovery came even as the rupee weakened to a fresh record low amid mounting concern over the absence of a U.S. trade agreement. The…