Even as benchmark indices continue to witness renewed selling, the real buzz in the market has shifted to the primary market. But veteran investor Sandip Sabharwal believes the ongoing IPO frenzy may not be as healthy as it appears on the surface. In a candid conversation with ET Now, Sabharwal warned that the entire IPO…
State Bank of India’s (SBI) group company SBICAP Securities has appointed Bhuvaneshwari A. as its new Managing Director & Chief Executive Officer, effective November 1. Bhuvaneshwari holds a Postgraduate degree in Public Administration and is a Certified Associate of the Indian Institute of Bankers as well as a Certified Financial Planner. A seasoned SBI veteran…
The Indian market advanced on Friday, supported by gains in financial heavyweights amid renewed foreign portfolio investor (FPI) inflows over the past three sessions. Optimism ahead of the quarterly earnings season added to the upbeat sentiment, although Tata Consultancy Services (TCS) capped broader gains after reporting weaker-than-expected September-quarter results. The S&P BSE Sensex rose 328.72…
The combined market valuation of seven of the top-10 most valued firms climbed Rs 74,573.63 crore in a holiday-shortened last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities. Last week, the BSE benchmark climbed 780.71 points or 0.97 per cent, and the Nifty went up by…
India’s benchmark indices, the Nifty and Sensex, snapped an eight-day losing streak, driven by gains in private banks, auto, and IT stocks. The Nifty rose 225.20 points, or 0.92%, to close at 24,836.30, while the Sensex added 715.69 points, or 0.89%, settling at 80,983.31. Indian stock markets remain closed today for Dussehra and Gandhi Jayanti….
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points,…
Fitch Ratings has upgraded JSW Infrastructure‘s credit rating to ‘BBB-’ from ‘BB+’ and assigned its outlook as stable, marking a significant milestone in the company’s investment grade category. Affirming the ratings, Fitch said it expects that JSW Infra’s leverage, measured by gross debt/EBITDA, will remain below 3.5x (financial year ending March 2025 (FY25): 2.1x) over…
The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,72,148.89 crore last week, with Reliance Industries leading the pack with the maximum gain, in line with a bullish trend in domestic equities. Last week, the BSE benchmark jumped 709.19 points or 0.87 per cent. From the top-10 pack, Reliance Industries,…
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank…
Indian headline indices ended Monday on a strong note led by strong action in bank and auto stocks with able support from IT stocks. While Nifty gained 221.75 points or 0.91% to close at 24,585.05, the 30-stock S&P BSE Sensex finished at 80,604.08, gaining by 746.29 points or 0.93%. Here’s how analysts read the market…