Mahindra & Mahindra (M&M) is reportedly in discussions to acquire Japan-based Sumitomo Corporation’s entire stake in heavy vehicle manufacturer SML Isuzu, according to a March 24 report by CNBC-Awaaz. The potential deal is expected to strengthen M&M’s presence in the trucks and buses segment. Sources indicate that M&M is considering a valuation of ₹1,400-1,500 per…
Indian equity markets witnessed a strong rally on Thursday, with benchmark indices surging over 1 percent, driven by gains in IT stocks and positive global cues. The Nifty crossed the critical 23,000-mark for the first time since February 14, as investors cheered the U.S. Federal Reserve’s decision to maintain its projection for two rate cuts…
Shares of major Indian steel companies rallied on March 19 after the Directorate General of Trade Remedies (DGTR) proposed a 12% provisional safeguard duty ad valorem for 200 days on select steel products. The recommendation came in response to a sharp spike in steel imports into India, which could significantly impact domestic producers. The news…
Vodafone Group Plc is set to complete its exit from Indus Towers Limited through a block trade worth approximately Rs 2,700 crore. The deal, priced at Rs 343–358 per share, represents a slight discount of up to 4%, according to sources. The share sale will be executed through Vodafone’s units, Omega Telecom and Usha Martin…
The Indian primary market is gearing up for a bustling December, with 10 companies planning to collectively raise Rs 20,000 crore through initial public offerings (IPOs). These IPOs will span diverse sectors, from retail and finance to healthcare and diamond grading, reflecting the sustained investor interest in India’s equity market. Key Players in the December…
Foreign Institutional Investors (FIIs) have significantly reduced their selling activities in Indian equity markets, according to Samir Arora, founder of Helios Capital. Speaking at the CNBC-TV18 Global Leadership Summit on November 14, Arora addressed the causes behind the massive sell-off and shared his outlook for the Indian stock market. Arora’s insights focused on corporate earnings,…
At the CNBC-TV18 Global Leadership Summit, Raamdeo Agrawal, Chairman and Co-founder of Motilal Oswal Financial Services, expressed confidence in the resilience of India’s markets and future potential for the Nifty index. Despite the current slowdown in earnings growth, Agrawal emphasized that this downturn is only temporary, and he expects a revival within the next six…
Morning Highlights As of 9:45 AM, Indian equity markets opened on a robust note, with both Sensex and Nifty showing strong upward momentum. Major sectors, led by Nifty IT, gained traction while Nifty Metal lagged, reflecting mixed sectoral trends. Let’s dive into the specifics. Key Market Indices The India VIX index dropped by 5.46% to…
Indian stock indices continued their upward trajectory for the seventh consecutive session, demonstrating resilience despite market caution ahead of a pivotal announcement by the U.S. Federal Reserve later today. Both Nifty and Sensex closed with marginal gains, with Nifty inching closer to the 24,830 mark, finishing at 24,823.15, up 0.05% or 11.65 points. Sensex also…
Bears dominated the stock market again on August 8, as India’s key indices, Nifty and Sensex, closed lower. A significant drop in IT and Metal stocks contributed to the negative sentiment. At the close, the Sensex fell by 581.79 points or 0.73%, ending at 78,886.22. Meanwhile, the Nifty dropped by 180.50 points or 0.74%, finishing…
