On Friday, the benchmark Sensex tumbled 961 points to settle at 81,287. Even amid the sharp market decline, seven stocks within the BSE 100 index climbed to their 52-week highs, reaching their strongest levels over the past year. Investors typically interpret such milestones as bullish indicators, reflecting solid upward momentum and the possibility of continued […]
Astra Microwave to demerge space, meteorology & hydrology biz into a separately listed entity
Astra Microwave Products on Friday announced that its board has granted in-principle approval to demerge its space, meteorology and hydrology business into a separate entity, aiming to enable sharper management focus and improved operational efficiency. The company expects to complete the demerger by Q1 FY28. In an exchange filing, the defence electronics player said the […]
Explained: Why Redington shares soared 17% after Apple’s teaser ‘big week ahead’
Shares of Redington rallied as much as 17% to their day’s high of Rs 286 on the BSE on Friday, ahead of Apple’s first major event for 2026, with CEO Tim Cook now all but confirming a series of new launches. The stock closed 13% higher at Rs 276 per share. Sharing a short teaser […]
Vishal Mega Mart bulk deal: Govt of Singapore, HDFC MF buy stakes as promoter sells 14% for Rs 7,636 crore
The Government of Singapore and HDFC Mutual Fund acquired promoter stakes worth Rs 1,485 crore and Rs 1,100 crore, respectively, in Vishal Mega Mart through separate bulk deals on Friday. The Monetary Authority of Singapore also emerged as a key buyer, picking up shares worth Rs 858 crore in the grocery-to-fashion retailer. Promoter entity Samayat […]
SBI block deal: BNP Paribas buys 5.28 lakh shares in a Rs 64 crore transaction
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 […]
Shriram Pistons raises Rs 1,000 crore for Antolin buy
Auto components maker Shriram Pistons and Rings (SPRL) has raised Rs 1,000 crore from a group of mutual fund investors to fund its Rs 1,670-crore acquisition of the local entities of Spanish company Groupo Antolin, people familiar with the fundraising told ET. The money was raised by issuing two separate sets of non-convertible debentures (NCDs), […]
Investors’ preference shifting from FDs, real estate to equities, post Covid: Zerodha’s Nithin Kamath
Zerodha founder & CEO Nithin Kamath highlights a clear shift in investor preference since the Covid-19 pandemic, with money moving away from fixed deposits and real estate towards equities. He also points to a sharp rise in unique and first-time investors during this period. Interestingly, Kamath said that mutual funds have emerged as the biggest […]
Listed non-banking finance firm Credent Global Finance raises Rs 30 crore via QIP
BSE-listed non-banking financial company Credent Global Finance Ltd has raised Rs 30 crore through a qualified institutional placement (QIP), strengthening its growth capital base following a sharp surge in quarterly earnings. The completion of QIP reinforces investor confidence in the company’s evolving financial services platform and long-term growth strategy, the company said. Socradamus Capital Pvt […]
After Friday crash, GIFT Nifty jumps on GDP data. How will stock market react on Monday?
Indian markets ended Friday with a sharp fall, but late data on economic growth has changed the near-term mood. The BSE Sensex dropped 961 points, or 1.17%, to close at 81,287. During the day, it had fallen more than 1,000 points. In a single session, investors lost about Rs 4.98 lakh crore in market value […]
Gainers & Losers: Redington, Tejas Networks among 8 stocks in limelight on Friday
Newsmakers of D-Street India’s benchmark indices Nifty and Sensex ended with deep cuts on Friday amid selling pressure across the board. Auto, financials and FMCG were major laggards while the IT sector saw selective buying action. In a volatile session, the broader Nifty edged lower by 317.90 points, or 1.25%, to close at 25,178.65, while […]