India’s benchmark indices staged a strong intraday recovery on Tuesday, shaking off early jitters as smart investors scooped up undervalued stocks. The Sensex climbed back about 450 points from its session low of 84,382.96, while the Nifty pushed above 25,900 despite lingering in the red overall. By midday, Sensex stood at 84,858.62 (down 0.29%) and…
India’s quick commerce industry—once seen as a game‑changing innovation in urban retail—might be heading toward a major correction, warns Blinkit CEO Albinder Dhindsa. Despite billions poured in by SoftBank, Temasek, and Middle Eastern sovereign funds, the model’s heavy reliance on constant fundraising is now showing its limits. As cash supplies tighten, Dhindsa believes only companies…
Stock Market Today: Sensex slips 450 pts, Nifty below 26,050: Caution ahead of Fed meet among key factors behind market decline The equity benchmark indices declined on Monday as investors booked profits in select sectors and foreign fund outflows continued ahead of the US Federal Reserve’s policy meeting. At around 12:30 p.m., the Sensex fell…
Listing at a Glance What the Street is Saying View Rationale Source HOLD “Fully priced” at 23.8× FY26e EPS & 3.2× Mcap/Sales; global tech edge & clean-air leadership justify long-term stay Anand Rathi BOOK PARTIAL Listing gain of ₹18,685 per 37-share lot already captured; OFS structure means no fresh money for growth Upstox ADD-ON DIPS…
India’s primary market is set for a big comeback in July, with companies planning to raise $2.4 billion through IPOs, according to investment bankers. The surge comes after a strong $2 billion in funding raised in June, led mainly by the blockbuster listing of HDB Financial Services. If realized, July would be the strongest IPO…
How to Check Allotment Status 🔗You can check your HDB IPO allotment via BSE, NSE, or the registrar MUFG Intime (formerly Link Intime). Here are direct links and step-by-step instructions: 1. BSE1. Visit the Applications → IPO Allotment page2. Select Equity as the issue type3. Choose HDB Financial Services IPO4. Enter your Application Number or…
Gujarat-based Torrent Pharmaceuticals has resumed acquisition discussions with private equity firm KKR to buy its 47.84% stake in JB Chemicals & Pharmaceuticals (JB Pharma), according to sources familiar with the matter. A formal agreement is expected to be signed soon. Torrent had previously entered into extended negotiations with KKR last year, but the deal fell…
India’s fintech sector is booming, driven by rapid digital adoption, strong government support, and a growing middle class. Amid this momentum, Infibeam Avenues has emerged as a key player, offering end-to-end e-commerce and payment solutions. On the back of this sectoral strength, Infibeam Avenues’ share price surged by 15% today, riding high on positive company-specific…
Asia-Pacific markets rose on Monday as investors focused on fresh economic data from China and ongoing geopolitical tensions between Israel and Iran. Oil prices surged and gold rallied after the weekend saw continued strikes exchanged between Israel and Iran, escalating concerns over regional stability. The move into safe-haven assets reflected investor caution amid the geopolitical…
The Indian stock market ended higher for the second straight session on Wednesday, June 25, buoyed by positive global cues and easing geopolitical tensions, particularly the pause in hostilities between Iran and Israel. The S&P BSE Sensex rose 700.40 points (0.85%) to close at 82,755.51, while the NSE Nifty rose 200.40 points (0.80%) to close…
