Rameshbabu Praggnanandhaa The Indian stock market faced a sharp decline today, with key indices closing lower amid a sell-off triggered by fresh allegations against the Adani Group. NIFTY 50 dropped 0.72% to 23,349.90, while SENSEX declined 0.54% to 77,155.79. The downturn was led by Adani Group stocks, which plummeted after US prosecutors accused Gautam Adani and other … Read more
The Adani Group faces a new wave of scrutiny as US prosecutors have charged founder Gautam Adani with participating in a $250 million (~Rs 2,100 crore) bribery scheme. The allegations revolve around securing solar energy contracts in India through illicit means, including false statements to US investors and violations of federal laws. Open Demant With … Read more
The BlackBuck IPO, also known as Zinka Logistics Solution Limited IPO, is set to raise ₹1,114.72 crores through fresh issues and an Offer for Sale (OFS). This IPO, priced between ₹259 and ₹273 per share, will open for subscription on November 13, 2024, and close on November 18, 2024. With BlackBuck’s leading digital platform that … Read more
The eagerly awaited allotment status for the Zinka Logistics Solutions Ltd (Blackbuck) IPO is now available as of November 19, 2024. Investors can finally check their allotment as the basis of allotment has been finalized. This follows the company’s successful Rs 1,115 crore IPO, which concluded its subscription period on November 18, 2024. Zinka Logistics … Read more
The much-anticipated Avanse Financial Services IPO aims to raise ₹3,500 crores and marks a significant move in the Indian financial market. As a leading non-banking financial company (NBFC) in India focused on the education sector, Avanse Financial Services is set to make a substantial impact. Below, we dive into the main details of this Avanse … Read more
After seven consecutive days of market decline, today marked a significant reversal as the market closed in the green. The NIFTY 50 and SENSEX both showed notable gains, and sectoral indices, such as NIFTY BANK and NIFTY IT, performed strongly. This positive shift comes as a relief to investors, signaling a potential change in market … Read more
The Indian stock market has faced persistent negative sentiment over the past week, with major indices witnessing declines amidst cautious investor sentiment. In the most recent session, the NIFTY 50 closed at 23,453.80, down 0.34%, while the SENSEX dropped 0.31% to settle at 77,339.01. However, the NIFTY BANK index bucked the trend, posting a gain … Read more
The Neelam Linens and Garments IPO is a book-built issue aiming to raise ₹13.00 crore through a fresh issue of 54.18 lakh shares. The IPO opened for subscription on November 8, 2024, and will close on November 12, 2024. The allotment of shares is expected to be finalized on November 13, 2024, with a tentative … Read more
Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported a 14% year-on-year increase in net profit for Q2, reaching Rs 1,204 crore and surpassing market expectations. Led by Pawan Munjal, the company also witnessed an 11% rise in revenue, totaling Rs 10,463 crore for the quarter, driven by increased volumes and demand in the rural sector. … Read more
The Indian stock market opened with mixed sentiments today, reflecting volatility across key indices. While some sectors showed resilience, the broader market saw cautious sentiment amid continued Foreign Institutional Investors (FII) selling. Let’s dive into the performance of the NIFTY 50, SENSEX, and other key indices, along with today’s top gainers, and losers, and a … Read more