Page 3 - Indian Market

Nalco rises 5% on stellar Q2 show; PAT up nearly 5x, announces dividend

Nalco reported its Q2 results on Wednesday, after market hours. The company's consolidated profit rose more than five-fold to Rs 1,045.97 as compared to Rs 187.35 crore a year ago

India emerges as safe place for investors amid Trump-induced volatility

Some investors had pivoted away from India to buy Chinese stocks last month but "there could be a reversion back to India in a quicker than expected time frame" because of its status as a safe haven

Equity investors become poorer by Rs 7.37 trillion as markets tumble

Investors' wealth eroded by Rs 7.37 lakh crore on Monday morning, as the equity markets fell sharply with the BSE Sensex tumbling 1,192 points. Markets were dragged down by Reliance Industries and unabated selling by foreign investors. Investors also turned cautious ahead of the US presidential elections and Federal Reserve interest rate decision scheduled to be announced later this week. The BSE benchmark tanked 1,192 points to 78,532.12 during the morning trade. In-line with a weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 7,37,744.54 crore to Rs 4,40,72,863.01 crore (USD 5.24 trillion). From the 30-share Sensex pack, Sun Pharma, NTPC, Reliance Industries, Adani Ports, Power Grid, Tata Motors, Titan and Tata Steel were among the major laggards. Mahindra & Mahindra, Tech Mahindra, HCL Technologies and IndusInd Bank were the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 211.93 crore on Friday, according to exchange

Market Close Highlights, Oct 29: Sensex adds 364pts, Nifty ends above 24,450; Banks, financials lead

Stock Market Highlights:Notably, 31 out of the 50 constituent stocks of the Nifty 50 ended higher, led by SBI, BEL, HDFC Life, SBI Life, and Eicher Motors, with gains of up to 5.05 per cent

FPI outflows in October less intense than March 2020, shows data

FPI outflows of Rs 58,632 crore in March 2020 were over 2 per cent of their AUC and 0.4 per cent of the India's mcap back then

Market mystery: Why retail investors shun some of the biggest IPOs

Hyundai Motors India's listing is the latest in a trend seen over the years

Market Crash Highlight: Benchmarks fall for 4th week; Sensex down 663 pts today, Nifty below 24,200

Share Market Crash Highlights, Oct 25: The benchmark indices were down for 4th straight week, their longest weekly losing streak since August 2023. The indices have shed over 7 per cent in this period

Market Close Highlights, Oct 24: Sensex ends flat, Nifty below 24,400; Banks lead, FMCG drags

Stock Market Highlights: 26 out of 50 constituent stocks of Nifty50 ended in the green, led by Ultratech Cement, Shriram Finance, Grasim, Titan, and Mahindra & Mahindra

Jana Small Finance Bank drops 11% after 21% decline in Q2FY25 net profit

Jana Small Finance Bank reported a 21 per cent YoY decline in its Q2FY25 net profit at Rs 96.7 crore, from Rs 122.8 crore in the corresponding quarter of the previous year

Labour unions in India: Adapting to new challenges amid global changes

India's labour unions are at a crossroads in the age of IT and gig work. They are adapting to new-age sectors' demands but penetration has been limited

Bissell re-enters Indian market after 6 years, aims for future growth

Bissell, a Michigan US-based homecare solutions provider, has re-entered India with its range of vacuum cleaners after six years, expecting the country to be a "very important market in the future". Though India is a relatively small market for floor care globally, looking at its demography and growing economy, it is an investment for the future, Bissell President, Global Markets, Max Bissell, told PTI. "Our belief is that India will be a very important market in the future. If we just look at the population and the opportunity ahead of us, this is an investment for the future," he said. Bissell has entered into a partnership with Cavitak Global Commerce, for distribution in India and will focus on introducing its portable wet and dry vacuum cleaning systems such as 'SpotClean Hydrosteam' and 'SpotClean Proheat', which are already available on the e-commerce platform Amazon. "This is an investment for the next generation where we can enter the market knowing that it's not going to

Tanla Platforms shares slip 9% after Q2 net profit dips to Rs 120 crore

Tanla Platforms revenue for the quarter under review stood at Rs 1,000.7 crore, down 0.78 per cent from Rs 1,008.6 crore

Market Close Highlights, Oct 14: Sensex adds 591 pts, Nifty ends above 25,100; IT, Banks outperform

Stock Market Today: Markets in India were likely to open with a slight upside on Monday, indicated GIFT Nifty futures, which were trading around 50 points ahead of Nifty futures last close.

Stock Market Highlights, Oct 7: Sensex sheds 638pts, Nifty below 24,800; Mid, smallcap shares drag

Stock Market Today: Indian benchmark equity indices Sensex, and Nifty settled in red on Monday

India's $20 billion investment deals pipeline lures funds to PE-held stakes

The majority of deals are priced at discounts of between 20 per cent to 25per cent of their net asset values, making them attractive for secondary buyers, said Amit Gupta, founding partner at TPG NewQ

FTSE Russell Index revamp has S Korean, Indian bond markets on watch

FTSE Russell will on Oct. 8 announce any inclusions into benchmarks including its World Government Bond Index, which tracks $29 trillion of global fixed income

Vikram Solar files draft papers to raise Rs 1,500 crore through IPO

Solar module maker Vikram Solar on Tuesday said it has filed draft papers with market regulator Sebi seeking permission to raise Rs 1,500 crore through an initial public offering (IPO). The initial share sale will include fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of up to 17.45 million shares by its promoter group, the Kolkata-based firm said. The issue at a face value of Rs 10 each will include a fixed quota for eligible employees, alongside a discount for those participating in the employee subscription portion, according to the draft red herring prospectus (DRHP) filed by the company. Besides, the company may also consider issuing specified securities up to Rs 300 crore as a "pre-IPO placement", it said. Of the total issue size, up to 50 per cent of shares will be allocated to qualified institutional buyers, 15 per cent to non-institutional bidders, and the remaining 35 per cent will be open for retail subscriptions by individual investors.

Stock Market Crash Highlights, Sept 30: Sensex sheds 1,272pts, Nifty ends near 25,800; RIL slumps 3%

Stock Market Crash: Indian equity benchmark indices settled in the red on Monday, tracking mixed cues from major global markets.

India's private debt market to top $18 bn in 2024 as economy grows: Report

Country is leader in Asia Pacific for private debt, says investment data company

JPMorgan bullish on India, Japan; to allocate resources in Southeast Asia

JPMorgan expects its commercial banking business, which is focused on mid-sized companies, to grow as much as 30 per cent in India over the next few years, Leenart said