Promoters, strategic investors mop up over Rs 33,000 cr via share sales; Adani sale in four group firms to GQG Partners alone tops Rs 15,000 cr
CLOSING BELL: The S&P BSE Sensex ended 40 points lower, while the Nifty50 was down 34 points. Shares of Adani Group tumbled up to 7 per cent, with Adani Enterprises leading the fall.
Stocks to watch today: From Tata Motors to Coffee Day Enterprises, here are few stocks likely to see action in Tuesday's trade
Global beverages major The Coca-Cola Company is bullish on the Indian market and is continuing to invest in the country through its partners, the company's President and Chief Financial Officer John Murphy said on Monday. India's rapid progress in infrastructure, electrification and digitisation offer a long runway ahead for the economy to grow and it fosters confidence, he said at a media round table here. A lot of development has taken place in urban and rural India, which has created an emerging middle class, ensuring growth for many years to come, he said. "When you have an economy growing, our industry typically benefits from economic growth," he said. "For us, there are tremendous ingredients to the growth equation that we are developing. And to manage growth, you have to invest. We are fortunate to have partners in India who believe in the opportunity they have and are investing in infrastructure and people," he noted. A lot of investment is underway through franchise bottl
The last time India's m-cap had slipped below $3 trn was last June; at the peak, the m-cap stood at nearly $3.67 trillion in January 2022. Current m-cap is 18 per cent below the peak
CLOSING BELL: The S&P BSE Sensex ended 127 points higher; Among the broader indices, the Smallcap index tumbled 1.6 per cent.
So far in 2023, benchmark indices the S&P BSE Sensex and Nifty50 have tumbled up to 6.4 per cent, eroding India's m-cap by nearly $300 billion
Stocks to watch: From Tata Steel to Bharat Electronics, here are few stocks likely to see action in Monday's trading session
CLOSING BELL: The debt mutual fund (Debt MF) investors will no longer receive the long-term capital gain tax benefit. Moreover, the Centre also hiked the STT on the sale of F&O contracts
Justifying its stance, the ICEA in a presentation said the country had big global EMS players from Taiwan and the US, and home-grown players that could meet the requirements here
CLOSING BELL: Selling in heavyweights like SBI (down 2 per cent), HCL Tech, Infosys, Reliance Industries, HDFC Bank, HDFC, and ICICI Bank weighed on the benchmarks
CLOSING BELL: Sectorally, the Nifty Pharma index advanced 1 per cent, followed by the Nifty PSU bank added 0.8 per cent.
CLOSING BELL: The market breadth was firmly in the favour of buyers as the broader markets, too, rose in tandem with the benchmark indices
The sustenance of gold business as a proportion of book coupled with gradual improvement in non-gold segment to bring diversification and steady RoA are key triggers for future price performance.
GQG Partners Emerging Markets Equity Fund sold 2.48 million shares in HDFC AMC worth Rs 396.83 crore.
The balance of system (BOS) package comprising of four blocks of 300 MW each in the proposed 1200MW Solar PV Project of NTPC Renewable Energy at Khavda RE Power Park, Rann of Kutch.
Deal between Swiss banks fail to lift sentiment; Sensex drops 905 pts before settling 361 pts lower
Chairman of GQG Partners says group has 'remarkably good assets'
CLOSING BELL: For better part of the day, equity markets roiled in global rout as fears of a contagion banking sector failure soured sentiment
Analysts attribute fallout in domestic equities due to investors' fear of a domino effect after the collapse of big financial institutions in the US, and Europe