Mumbai: Indian markets slid amid a broad-based sell-off on Tuesday, with the two main indices falling 1% each, after the US notice of an additional 25% tariff from Wednesday. Market experts said the street had been expecting some delay in implementation, but 50% tariffs may become the new normal and market sentiment has been dented […]
Rakesh Gangwal Family to sell 3.1% stake in IndiGo via block deal: Report
Rakesh Gangwal Family is likely to sell up to 3.1% stake in Interglobe Aviation, which runs budget carrier IndiGo, through block deals, according to reports. This continues a phased dilution that began after an announcement in 2022 to exit the airline. The floor price is set at Rs 5,808 per share. The Family has concluded […]
US stocks subdued after Trump’s latest attack on Fed
Wall Street’s main indexes were flat on Tuesday, pressured by a rise in Treasury bond yields as President Donald Trump’s decision to fire a central bank governor renewed concerns about the Federal Reserve’s independence. Investors also awaited Nvidia’s results and a key inflation report later this week for more insight on artificial intelligence and interest […]
KFin Technologies resolves RTA rule violation case with Sebi for Rs 88 lakh
KFin Technologies on Tuesday paid Rs 87.7 lakh to Securities and Exchange Board of India (Sebi) to settle a case related to alleged violation of regulatory norms related RTA regulations. The development came after KFin Technologies filed a settlement application in August 2024, requesting Sebi to settle the adjudication proceedings against the company. KFin Technologies, […]
Nvidia set for $260 billion price swing after earnings, options indicate
Options traders are pricing in about a $260 billion swing in Nvidia’s (NVDA.O), opens new tab market value following the chipmaker’s second-quarter earnings expected on Wednesday, U.S. options market data showed. Nvidia options implied a roughly 6% swing for the shares in either direction following the results, which will be reported after markets close on […]
Bulk deals buzz: Eternal nets Rs 3,220 crore buying, Swiggy sees sell action by BNP, Societe Generale – Bulk deals buzz
Tuesday’s session ended with sharp declines but also saw heavy bulk deal activity across nearly three dozen stocks. Among the most closely tracked counters witnessing action on Dalal Street were Eternal, Swiggy, Sai Life Sciences, Veranda Learning Solutions, Hitachi Energy India, Waaree Energies, and Vishal Mega Mart. Here’s a look at the key deals: Source […]
Fitch upgrades JSW Infrastructure’s rating to investment grade with stable outlook
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 […]
Special court accepts CBI closure report in NSE co-location ‘scam’-linked case
A special court has accepted a closure report filed by the CBI in an offshoot of the NSE co-location scam case involving a company founded by Mumbai’s former police commissioner Sanjay Pandey for auditing of two stock brokers, officials said Tuesday. In its final report, the central agency has said there were violations of SEBI […]
Giving sanskar, not stock tips: Bollywood-styled trading guru Avadhut Sathe under Sebi scanner
Avadhut Sathe, the flamboyant trading coach who turned stock lessons into Bollywood-style stagecraft, is under the scrutiny of India’s markets regulator Securities and Exchange Board of India (Sebi), even as his academy insists they sell “sanskar” and discipline, not stock tips. In a press statement, the Avadhut Sathe Trading Academy (ASTA) said it is “fully […]
Adani Ports, ICICI Bank, Titan among top picks as PL Capital eyes 12-month Nifty target of 27,609
Prabhudas Lilladher Capital is betting big on India’s consumption revival, naming Titan, Britannia and DOMS Industries among its top stock picks, as it forecast the Nifty 50 climbing to 27,609 over the next 12 months. The brokerage also backed structural plays such as Adani Ports & SEZ and financial heavyweight ICICI Bank, arguing that domestic […]