Page 2040 - Markets News

Hedge funds commitments dip 2.7% in first-ever drop in the category

Pandemic year has seen a slowdown for other kinds of alternative investment funds too

Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two

Interestingly, the bulk of the demand came from retail investors for Nureca

Kotak MF moves multicap fund to newly-created flexicap category

As on January 2021, Kotak Flexicap fund had assets of Rs 32,400 crore, making it one of the largest scheme in the category

Nestle India's investors may have to take a break on muted Q4 show

While valuations are rich, analysts have trimmed earnings estimates by 2-4% for CY20-CY23

BankBazaar expands employee stock pool, adds shares worth $15 million

BankBazaar.com has said it has expanded its employee stock ownership plan (ESOP), adding shares worth USD 15 million (about Rs 109 crore) to the pool.

Oil mixed over US production fall, possible Saudi output rise

Benchmark Brent crude gained 13 cents, or 0.2%, to $63.48 a barrel at 1442 GMT, while U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3%, to $59.87 a barrel

RailTel Corporation IPO subscribed 6.64 times on second day

The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 6.64 times on the second day of subscription on Wednesday.

Don't rely on social media stock tips, EU watchdog warns retail investors

Retail investors following the Reddit forum WallStreetBets in the United States piled into GameStop Corp last month

Market Wrap, Feb 17: Here's all that happened in the markets today

BSE Sensex declined 400 points, or 0.77 per cent, to end below the 52,000-mark at 51,704 levels

Asian investors cautious about Indian equities on high valuations: Report

Asian investors are turning cautious about the Indian markets due to concerns over high valuations, a Swiss brokerage said

Lodha group gives IPO route a third shot, files DRHP for Rs 2,500-cr IPO

The group's Macrotech Developers plans to use Rs 1,500 crore from net proceeds to repay part of Rs 18,662 cr debt and Rs 375 crore to buy land

Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally

In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.

Greaves Cotton extends rally on improved Q3 results; stock up 32% in 1 week

New electric vehicles (EV) capacity expansion plans in South India will help to provide best-in-class electric vehicles & help accelerate overall EV adoption in India, the company said

Happiest Minds Technologies surges 14%, hits new high amid heavy volumes

Brokerage Nomura initiate coverage on Happiest Minds Technologies with a 'Buy' rating and target price of Rs 480 per share

Info Edge drops 12% in 2 days despite analysts raising targets; here's why

Analysts at Edelweiss Securities have 'Hold' rating on the stock with a target price of Rs 5,460 considering the core business's steep valuation

Route Mobile, OnMobile Global & 6 other stocks rally over 50% in a week

Route Mobile hit a new high of Rs 1,979 on the BSE in intra-day trade today

Sensex, Nifty: Don't worry about volatility; crucial supports are intact

Markets have been volatile since the past few sessions with the S&P BSE Sensex giving up the 52,000 levels after a record run since March 2020 low

Nestle India shares decline 5% as December quarter results disappoint

Brokerage HDFC Securities in a results update said moderation in in-home consumption categories will impact key brands but revival in OOH will support growth

Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days

Finance Minister Nirmala Sitharaman proposed to divest stake in two PSBs while unveiling Budget 2021 proposals

Tata Consumer Products gains 3% on report Group could buy Big Basket

The deal worth Rs 9,300-9,500 crore - biggest in the online grocery space so far-values BigBasket at Rs 13,500 crore