Stock Market: News

24 Oct 2024

Nifty

Over 5% drop: Nifty's October performance is worst in years

The Indian stock market, which was on a steady upward trajectory for the first nine months of 2024, is now witnessing a major downturn.

23 Oct 2024

Sensex

Why Goldman Sachs has downgraded Indian equities and Nifty's target

Goldman Sachs, a leading global brokerage firm, has tactically downgraded Indian equities from 'overweight' to 'neutral.'

Zerodha-rival Groww is planning an IPO in India

Leading online trading platform Groww is considering an initial public offering (IPO), its co-founder and CEO, Lalit Keshre, has revealed.

22 Oct 2024

Sensex

₹9L crore wiped off: Why Indian stock market crashed today

The Indian stock market witnessed a major crash today with the Sensex and Nifty 50 indices each plummeting over 1%.

22 Oct 2024

Business

FPIs withdraw record ₹82,479 crore from Indian equities in October

Foreign portfolio investors (FPIs) have drastically cut their holdings in Indian stocks this month, marking a major shift in investment trends.

22 Oct 2024

Bengaluru

What is share trading scam and how to protect yourself

A 56-year-old man in Bengaluru lost ₹6.54 crore to an online share trading scheme, which promised a 1,500% return on investments.

21 Oct 2024

Bitcoin

Bitcoin surges to 3-month high, nearing $70,000 mark

Bitcoin, the world's largest and most popular cryptocurrency, hit a three-month high of $69,400 today.

4 new IPOs to open in mainboard segment next week

India's primary market will see the launch of four new initial public offerings (IPOs) in the mainboard segment next week.

20 Oct 2024

Diwali

Diwali Muhurat trading session on November 1: Check timings

The National Stock Exchange (NSE) has announced its annual Diwali Muhurat trading session for November 1, 2024.

20 Oct 2024

Swiggy

Swiggy to launch IPO next month, eyes  $12.7 billion valuation

Swiggy is gearing up for its initial public offering (IPO) next month, and is eyeing a valuation between $11.7-12.7 billion, insiders told Moneycontrol.

19 Oct 2024

HDFC Bank

HDFC Bank's Q2 results: Net profit rises to over ₹16,800cr

HDFC Bank has reported a 5% year-on-year (YoY) increase in its net profit for the second quarter of FY25, reaching ₹16,821 crore.

18 Oct 2024

China

China's Q3 economic growth slows down, misses government's 5% target

China's economy has grown at its slowest pace since early 2023, latest data from the National Bureau of Statistics showed.

IRCTC shares plummet as Indian Railways cuts advance reservation period

Shares of the Indian Railway Catering and Tourism Corporation (IRCTC) plummeted after the Indian Railways decided to cut the advance reservation period for bookings.

13 Oct 2024

Wipro

Wipro to consider bonus share issue on October 17

Wipro's board of directors will discuss a possible bonus share issue in their next meeting on October 17, according to the company's BSE filing.

Zerodha wants banking license but was turned down: Nikhil Kamath

India's second-largest stock broker, Zerodha, has tried to get a banking license but was turned down. The company's co-founder Nikhil Kamath revealed the news.

07 Oct 2024

Business

Zerodha's new policy: Sell stocks, get full proceeds instantly

Leading online brokerage firm Zerodha has announced a major policy change. The company now guarantees that 100% of the proceeds from share sales will be immediately available for trading.

07 Oct 2024

China

Sensex nosedives 1,400 points: Key reasons behind today's market crash

The Indian stock market saw major swings on Monday, with the benchmark Sensex crashing over 1,400 points from its intraday high. The crash was triggered by a broad-based selloff.

07 Oct 2024

Business

FII assets in India cross $1-trillion milestone for first time

Foreign institutional investors (FIIs) have surpassed a significant milestone in India, with their cumulative assets under custody (AUC) exceeding $1 trillion for the first time.

Market correction impacts IPO sentiment, only 2 launches next week

The Indian equity market has experienced a significant correction since the beginning of October, impacting the primary market sentiment.

02 Oct 2024

Sensex

Indian stock market investors richer by ₹110.5L crore in 2024

Indian investors have witnessed a significant increase in their wealth this year, with a surge of ₹110.57 lakh crore.

Zerodha to maintain free equity delivery despite new market rules

Zerodha, one of India's top retail brokerage firms, is keeping its equity delivery services free.

SEBI expands definition of 'relatives' in insider trading investigations

The Securities and Exchange Board of India (SEBI) has broadened the definition of 'connected person' or 'relative' in its insider trading investigations.

SEBI to introduce stricter regulations on F&O trading soon

The Securities and Exchange Board of India (SEBI) is gearing up to drop a draft circular with tougher rules for derivatives trading. As per Moneycontrol, these proposed measures won't need the board's nod.

30 Sep 2024

India

Zerodha hired only 5 techies in 4-years? CTO explains why

Zerodha, a popular online stock trading company in India, has taken a really picky approach when it comes to hiring for its tech team.

30 Sep 2024

Sensex

Mark Mobius sees Sensex reaching 1 lakh by year-end

Mark Mobius, the head honcho at Mobius Capital Partners LLP and a big name in the emerging market investment world, believes that the Sensex could hit the one lakh mark by the end of this year.

30 Sep 2024

Nifty

Indian stock market crashes, investors lose nearly ₹3 lakh crore

India's benchmark equity indices took quite a hit today, with the Sensex diving by 1,200 points and the Nifty slipping below the 26,000 mark.

30 Sep 2024

Sensex

Retail investors offload shares worth ₹7,500 crore in September

Retail investors have unloaded shares worth more than ₹7,500 crore in September 2024, making it the biggest sell-off since March of this year.

30 Sep 2024

Business

FPIs invest nearly $7 billion in Indian equities in September

Foreign portfolio investors (FPIs) have pumped in almost $7 billion into Indian equities in September, marking the highest level of net buying since December 2022.

Indian stock market to remain closed on October 2

India's top stock exchanges, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), will be shutting shop on Wednesday, October 2 on the account of Gandhi Jayanti.

IPO market to witness 3 issues, 12 listings next week

Next week, India's primary market is gearing up for the launch of three initial public offerings (IPOs) in the small and medium-sized enterprises (SME) segment.

NSE to conduct a mock trading session today

The National Stock Exchange (NSE) has decided to hold a mock trading session today from 12:00pm.

27 Sep 2024

Indian Economy

Foreign investors pour $5.9 billion into Indian markets in September

India has emerged as a leading destination for foreign portfolio investors (FPIs), attracting a net investment of $5.9 billion into domestic stocks this month alone, according to Bloomberg data.

Zerodha bracing for revenue drop due to SEBI's regulatory changes

Zerodha, a prominent discount broker in India, is bracing for a substantial revenue drop later this year.

25 Sep 2024

Hyundai

Hyundai India's $3 billion IPO gets SEBI nod

The Securities and Exchange Board of India (SEBI) has given approval to Hyundai Motor India's initial public offering (IPO).

SEBI probes 6 banks for manipulating oversubscription of SME IPOs

SEBI is investigating six domestic investment banks, for alleged malpractice in the IPO market.

India's 1st AI unicorn Fractal Analytics plans $500 million IPO

Fractal Analytics, a leading provider of artificial intelligence (AI) services, is planning to file for an initial public offering (IPO) in Mumbai.

Northern Arc Capital shares list at 33.5% premium

Northern Arc Capital made a strong entry into the Indian stock market today, with its shares listing at a substantial premium on both Sensex and Nifty.

24 Sep 2024

Nifty

Sensex surpasses 85,000 mark for first time ever

The Sensex and Nifty 50 have set new record highs for the fourth consecutive session today.

23 Sep 2024

Sensex

Nifty hits 25,900 for first time, Sensex touches new high

Sensex and Nifty, have reached new all-time highs at the start of trading today. The surge follows a significant rate cut by the US Federal Reserve.

Indian IPO market gears up for 10 launches next week

The Indian initial public offering (IPO) market is set to witness a surge of activity, with 10 new launches scheduled for next week.

22 Sep 2024

Foreign Investment

FPIs bullish on Indian equities, invest ₹33,700 crore in September

Foreign portfolio investors (FPIs) have invested nearly ₹33,700 crore into Indian equities this month.

21 Sep 2024

SpiceJet

SpiceJet to issue 48.7 crore shares for ₹3,000 crore QIP

SpiceJet, a leading budget airline in India, has announced its board's approval to issue approximately 48.71 crore equity shares at ₹61.60 each.

20 Sep 2024

Sensex

Sensex and Nifty scale new peaks: What's driving this surge?

India's stock market benchmarks, the Sensex and the Nifty 50, have achieved new record highs today.

18 Sep 2024

Asia

India topples China to lead MSCI Emerging Markets index

India has outperformed China to become the world's largest MSCI Emerging Markets (EM) market, according to the latest data from the MSCI EM Investable Market Index (IMI).

Tupperware prepares to file for bankruptcy amid declining demand

Tupperware Brands, a household name in food storage for nearly a century, is preparing to file for bankruptcy, as per Bloomberg.

16 Sep 2024

Bollywood

Vivek Oberoi reminisces about selling perfumes door-to-door at age 10

Bollywood actor Vivek Oberoi recently opened up about his entrepreneurial journey, crediting his father, Suresh Oberoi, for instilling a business mindset in him from a young age.

16 Sep 2024

Sensex

Around 400 stocks hit 1-year highs in stock market today

The Indian stock market witnessed a significant surge today with nearly 387 stocks reaching their fresh 52-week highs during intraday trade on BSE.

Top 5 IPOs with highest listing day gains in 2024

The year 2024 has seen a surge in initial public offerings (IPOs) by Indian companies, with over 50 new stocks making their debut on the National Stock Exchange of India (NSE).

Bajaj Housing Finance listing today: What investors need to know

Bajaj Housing Finance is set to make its debut on the stock market today, following a highly successful initial public offering (IPO) that garnered subscriptions worth ₹3.23 lakh crore.

India's IPO market to witness 7 new launches next week

India's primary market is set to welcome seven new initial public offerings (IPOs) next week, including two mainboard and five SME segment offers.

14 Sep 2024

Indian Rupee (INR)

Why is Indian rupee not strengthening despite weakening US Dollar?

The Indian rupee (INR) has remained stable, despite a weakening US Dollar and favorable global factors such as declining crude oil prices, and strong foreign institutional inflows (FII) into India's stock market.

14 Sep 2024

JP Morgan

JPMorgan CEO warns US of economic outcome worse than recession

Jamie Dimon, the CEO of JPMorgan Chase, has issued a warning about a potential economic scenario worse than a recession for the US.

10 Sep 2024

Swiggy

Swiggy now plans to raise $1.4 billion via its IPO

Swiggy is contemplating a significant increase in its initial public offering (IPO).

09 Sep 2024

Ather Energy

Ola-rival Ather Energy files for IPO, aims to raise ₹3,100cr

Ather Energy, a leading Indian electric two-wheeler manufacturer, has submitted a draft red herring prospectus for an initial public offering (IPO), to the Securities and Exchange Board of India (SEBI).

Indian IPO market to witness 13 new issues next week

The Indian initial public offering (IPO) market is set for a record-breaking week, with 13 new IPOs scheduled to launch.

07 Sep 2024

NVIDIA

NVIDIA's market value plummets by $406 billion amid economic concerns

NVIDIA, the world's leading artificial intelligence (AI) chipmaker, has experienced a significant loss in its market value.

07 Sep 2024

Reliance Retail

Reliance-owned stock turns ₹1L into ₹1.1cr in 5 years

The shares of Lotus Chocolate Company have demonstrated the potential of long-term stock market investments.

05 Sep 2024

Business

FIIs pump ₹25,000cr into India; IT, financials see strong buying

Foreign institutional investors (FIIs) have made a significant shift in their investment strategy, injecting ₹25,000 crore into eight Indian sectors during the second half of August.

04 Sep 2024

Assam

Assam: 22-year-old arrested for ₹2,200 crore stock market scam

A 22-year-old man from Dibrugarh, Assam, identified as Bishal Phukan, has been arrested for allegedly masterminding a massive stock market fraud of approximately ₹2,200 crore.

04 Sep 2024

Nifty

What's behind the sharp drop in Indian stocks today

India's benchmark equity indices, the Sensex and Nifty 50, opened lower on Wednesday.

03 Sep 2024

SoftBank Group

SoftBank-backed B2B e-commerce platform eyes $1B IPO in India

OfBusiness, an Indian B2B e-commerce platform supported by SoftBank Group, is preparing for a potential initial public offering (IPO) in the country.