Page 2 - Markets

Ola2 Electric gears up for India's largest automotive IPO by early 2024

The company has just secured $300 million in funding, led by a sovereign fund, pushing the valuation from $5 billion to $6 billion

Mcap of 8 of top-10 firms climbs Rs 82,169 cr last week; HDFC twins sparkle

Eight of the top 10 valued firms added Rs 82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for 'Mahavir Jayanti' and on Friday (April 7) on account of 'Good Friday'. The 30-share BSE Sensex climbed 841.45 points or 1.42 per cent in the holiday-shortened week. Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 9,29,752.54 crore. HDFC's market valuation surged Rs 18,877.55 crore to Rs 5,00,878.67 crore. Bharti Airtel added Rs 9,533.48 crore taking its valuation to Rs 4,27,111.07 crore. The market capitalisation (mcap) of Reliance Industries rallied Rs 6,731.76 crore to Rs 15,83,824.42 crore and that of TCS climbed Rs 5,81

Rising Covid cases in India a non-event for markets for now: Analysts

Unless this blows up into substantial numbers wherein we start looking at physical movement restrictions, on current evidence this seems a non-event for markets at this juncture

Flows will chase relative growth outperformance in FY24: Rahul Arora

The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each, says Rahul Arora CEO-institutional equities at Nirmal Bang

Market valuations are attractive; buy selectively for long term: Analysts

Over the past few months, rising interest rates amid surging inflation has dented market sentiment across the globe

In changing investment geography, 'other cities' share in MF assets rises

Their share is six times higher than it was in March 2012

Crypto wrap: Market trading flat amid regulatory crackdown on Binance

Earlier this week, the US Commodity Futures Trading Commission filed a lawsuit against Binance for trading against customers and misusing internal trading channels

Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend

On Monday, shares of Avalon Technologies enjoyed Rs 30 premium in the grey market, which translated to a likely listing price of Rs 465 apiece on the upper price band

Indian IPO pipeline strong, other markets 'pretty dead': Link group execs

Number of IPOs happening in India probably equal to aggregate everywhere else combined, says Australia-headquartered firm

Five IPOs get Sebi go-ahead to raise up to Rs 3,000 cr collectively

The approvals come at a time when capital raising by way of IPOs has slowed to a crawl, with only four issues hitting the market so far this calendar year

Page Industries rallies 8% in three days; hits new high in a weak market

Going foward, the company expects that the growing urban women population and women corporate workforce are better growth opportunities

How will the markets read into the state election outcome in 2023?

While markets eye both economic and political issues, in the medium-to-long term, analysts believe election results do not matter much

Listed companies garner Rs 63,300-crore from equity, debt in April

Within the equity segment, funds mostly came from preferential allotment of equity shares with companies raising Rs 4,835 crore through the route

MARKET LIVE: Sensex up 100 pts, Nifty tests 18,200; SBI slips post Q4 nos

Stock Market Live on May 18, 2023: Stock of Restaurant Brands Asia surged 11 per cent amid reports Everstone is looking to sell its entire stake in the company

MARKET LIVE: Sensex gains 550pts, Nifty tops 18,250; HDFC up 2% on solid Q4

Stock market live on May 4, 2023: Broader markets, too, were upbeat in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.8 per cent

MARKET LIVEs: Sensex down 250 pts, RIL weighs; IT stocks bounce back

Stock market LIVE updates: Among other shares, CEAT was up over 6 per cent, JK Tyre over 3 per cent, and Apollo Tyres over 2 per cent

Infosys Q4 Preview: Profit may weaken sequentially; FY24 guidance eyed

The quantum of deal pipeline, nature of large deals, pace of decision-making and drivers of consolidation trend will also be closely tracked

United Breweries hits 52-week low; dips 17% in 3 months on margin concerns

The company said it continues to remain optimistic on the long-term growth of the industry, driven by rising prosperity, youthful population and evolving consumer trends driving premiumization.

Nifty Realty index rallies 7% in 2 days after RBI keeps repo rate unchanged

This move would provide further boost to the affordable and mid-income housing segments, analysts said

Tata Motors surges 8% on better than expected JLR wholesales in Q4

Tata Motors' wholesales of 107,386 units at JLR for Q4FY23, comes as a positive development as, during the last call, the company had guided for wholesales at over 80,000 units