The NSE Nifty 50 index rose 0.38% to close at 24,869, while the S&P BSE Sensex advanced 314 points to end at 81,101. The Nifty IT index jumped 3%, marking its best session in nearly two months, with Infosys gaining…
Suresh Ganapathy, Managing Director & Head of Financial Services Research at Macquarie Capital, prefers Life Insurance Corporation of India (LIC) over private peers like HDFC Life. He highlights LIC’s attractive valuation, noting that it trades below its embedded value, unlike…
Market watchers now see the currency moving between ₹87.90 and ₹88.30, with a possible test of ₹87.50 if trade concerns ease.
Shares of LTIMindtree rose over 2% to ₹5,195 on the NSE after the announcement, hitting an intraday high of ₹5,208.
SMBC plans to sell 3.28 crore shares, representing a 1.65% stake in Kotak Mahindra Bank, to raise about ₹6,000 crore. The block deal, valued at over ₹6,000 crore, is likely to take place soon.
The project aims to build commercial establishments for startups, MSMEs, IT companies and corporate offices, along with residential and mixed-use developments in line with town planning guidelines.
While Bhatia sees the recent GST cuts as a positive for the economy, particularly for the auto sector, he advises caution. Bhatia remains structurally positive on hotels for the long term and sees potential in well-managed banks, but suggests a…
SEBI, however, dismissed the plea as a “fishing expedition” for documents. The capital markets regulator said it had already shared around 10 GB of data with Jane Street and maintained that the investigation was still ongoing. “We cannot disclose further…
Motilal Oswal projects domestic silver prices to reach ₹1.35 lakh–₹1.50 lakh per kg, while Comex silver may trade between $45–$50 per ounce over the next 12–15 months.
The project is scheduled for completion in the financial year 2026-27, subject to statutory approvals.