Market News

The Indian stock market is experiencing continued selling pressure from foreign institutional investors (FIIs), who offloaded their shares by a large margin ₹1 lakh crore in domestic equities in October alone. These significant outflows have sparked strong reactions from investors and analysts alike. Noted fund manager and founder of Helios Capital, Samir Arora, also commented…

Food delivery giant Swiggy’s initial public offering (IPO), open for subscription from November 6 to 8, will be priced between ₹371 and ₹390. After a correction in the stock market, the company has lowered its estimated IPO valuation to $11.3 billion, down 25 percent from its previous estimate of $15 billion. Proceeds will support Swiggy’s…

The initial public offering (IPO) of ACME Solar Holdings Limited will open for public subscription on Wednesday, November 6 and close on Friday, November 8. The renewable energy producer has set the price range for the IPO at a range of ₹275 to ₹289 per equity share of par value ₹2 per share. Also read…

The Securities and Exchange Board of India (SEBI) has started signing off on the pricing of IPOs – an approval that was required only a few months ago. This becomes important because IPO pricing is one of the important aspects that can impact a company’s post-listing performance and can often go haywire in a booming…

At the start of Samvat 2080, the market outlook was generally positive, albeit mixed due to global uncertainties and a robust domestic economy. There were concerns that the domestic economy and foreign investment inflows might be sluggish based on global factors. Increased global tensions caused by conflicts in Ukraine and Palestine, increased inflation and rising…

No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s action two days later is much easier to predict: As inflation continues to cool, the Fed is poised to cut rates for the second time this year. The presidential battle could still be unresolved when the Fed ends its two-day meeting…

As Wall Street braces for the US presidential election on Tuesday (November 5), market participants will be keenly watching its outcome and the Federal Reserve’s monetary policy decision over the coming week. According to several reports, Democratic candidate and US Vice President Kamala Harris and Republican opponent and former President Donald Trump are engaged in…

Chennai-based Matrimony.com will spend ₹72 crore on buyback of 7.02 lakh shares. This represents 3.16 percent of the total number of shares in the paid-up share capital of the company as on March 31, 2024. The buyback price is ₹1,025 per equity share. The money for the buyback will be made available from internal reserves,…

The initial public offering (IPO) of Sagility India Limited will open for public offers on Tuesday, November 5 and close on Thursday, November 7. The Indian arm of Sagility has set the price range at ₹28 to ₹30 per share. The healthcare-focused service provider targets US health insurers (Payers) to finance and reimburse the costs…

The combined market valuation of six of the 10 most valued companies rose by ₹1,07,366.05 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers. Leading stock exchanges BSE and NSE held a special one-hour ‘Muhurat Trading’ session on the occasion of Diwali on November 1 to mark the…