financial markets

New Delhi, February 26: The government’s offer for sale of a 2 percent stake in Indian Railway Finance Corporation Ltd failed to garner full subscription on the final day, as both institutional and retail investors showed limited interest in the issue.The two day OFS, which opened on February...

Board Clears Private Placement of Debentures New Delhi, February 26: The Board of Directors of Vedanta Ltd has approved a proposal to raise up to ₹3,000 crore through debentures on a private placement basis, reinforcing its ongoing capital management strategy.The fundraising is aimed at...

Shares of Eternal Ltd., the parent company of Zomato and Blinkit, continued their decline for the eighth consecutive session on Thursday, February 26, reversing early gains after a large block trade in the stock.₹2,403 Crore Block Trade Weighs on Sentiment A total of 9.7 crore shares of...

Angel One Stock Split Takes Effect Today: Shares Trade Ex-Split from February 26 Shares of Angel One Ltd will trade with stock split adjustment starting Thursday, February 26, as the brokerage firm implements its approved 1:10 split.The company had fixed February 26 as the record date for the...

The initial public offering of Omnitech Engineering Ltd, a manufacturer of precision engineered components, opened to a muted response on Wednesday, securing 8 percent subscription on the first day of bidding.According to NSE data, the IPO received bids for 15,63,738 shares against 1,89,09,890...

Green Bond Issue Targets Water Security and Urban Expansion The Nashik Municipal Corporation has tapped the bond market with a ₹200 crore green bond issue aimed at strengthening the city’s water infrastructure ahead of the upcoming Nashik Trimbakeshwar Simhastha Kumbh Mela and supporting long...

Angel One Stock Split: Shares Trade Adjusted from February 26 as 1:10 Split Takes Effect Shares of Angel One will begin trading on an adjusted basis from Thursday, February 26, following the implementation of its 1:10 stock split. The brokerage firm had earlier fixed February 26 as the record...

Bullion Holds Steady After Previous Session Decline Gold and silver prices stabilized in early trade on Wednesday, February 25, following a sharp decline in the previous session, as strength in the US dollar limited further upside and reduced demand for safe-haven assets.Spot gold was trading...

The Indian rupee strengthened by 6 paise to 90.89 against the US dollar in early trading on Wednesday, supported by a weaker dollar index and a firm opening in domestic equity markets.The local currency opened at 90.94 in the interbank foreign exchange market before advancing to 90.89, marking...

Heightened market volatility has triggered a broad correction in equity valuations, with several stocks retreating from the steep premiums they commanded just months ago. However, according to Deven Choksey, Managing Director at DRChoksey Finserv, this phase of consolidation is helping restore...

Government to Divest Up to 4% Stake in Indian Railway Finance Corporation via OFS The Government of India will divest up to a 4 percent stake in Indian Railway Finance Corporation Ltd through an Offer for Sale, beginning Wednesday. The move is part of the government’s ongoing stake dilution in...

The Indian rupee traded in a tight range on Tuesday before settling 6 paise lower at 90.95 against the US dollar, weighed down by a stronger greenback, rising crude oil prices, and weakness in domestic equity markets.The local currency had closed at 90.89 on Monday after gaining 5 paise in the...

New Delhi, February 24: State-owned Canara Bank on Tuesday announced plans to tap the Tier 2 bond market with a ₹5,000 crore fundraising initiative aimed at strengthening its capital base and supporting future growth.Tier 2 Bond Issue Scheduled on NSE Platform The proposed bond issue is...

New Delhi, February 24: Copper futures moved higher on Tuesday, supported by firm demand in the spot market and active participation from traders.Copper March Contracts Gain on MCX On the Multi Commodity Exchange, copper contracts for March delivery rose by Rs 5.45, or 0.46 percent, to trade...

Bullion Prices Ease After Previous Session Gains Mumbai, February 24: Gold and silver prices declined on Tuesday as a stronger US dollar and profit booking after sharp gains in the previous session pressured the precious metals market.Investor sentiment remained cautious amid uncertainty over...

Mumbai, February 23: Gold and silver prices witnessed a sharp surge on Monday in domestic futures trade, tracking heightened geopolitical tensions and a pronounced weakness in the US dollar.MCX Gold and Silver Futures Record Strong Gains On the Multi Commodity Exchange, MCX gold April futures...

Mumbai, February 22: The combined market valuation of six of India’s top 10 most valuable companies surged by ₹63,478.46 crore last week, reflecting steady investor interest as benchmark indices closed in positive territory.The 30 share BSE Sensex ended the week higher by 187.95 points, or...

New Delhi, February 22 – As foreign institutional investors (FIIs) continue to sell in the domestic markets, domestic institutional investors (DIIs) also continue to provide strong support, driven by robust cues, according to analysts.FIIs recorded net outflows of approximately ₹7,000 crore in...

India’s real estate sector is poised for a sharp expansion over the next five years, with the market projected to grow more than three-fold to Rs 88 lakh crore by 2030, according to a joint report released by KPMG and Naredco.The report, titled The Role of Real Estate in Viksit Bharat@2047...

Mumbai, February 16: The Indian rupee ended Monday’s session unchanged at 90.66 against the US dollar, as gains in domestic equities were counterbalanced by strength in the overseas dollar market and continued foreign fund outflows.Rupee Trades in Narrow Range, Ends at Previous Close In the...