Top News SEBI has issued a circular that standardised a periodic reporting format for Investment Advisers (IAs) to submit information regarding their activities on half-yearly periods basis on September 30 and March 31 of every financial year. NSE and BSE are conducting a special session for live trading on May 18, with an intra-day switchover … Read more
Outstanding positions in marketwide futures hit a record ₹4.38 trillion on Thursday when the May series of derivatives began, pointing to a volatile month ahead. Marketwide futures include single stock futures and index futures (Nifty and Bank Nifty). While the market has priced in a victory for the ruling National Democratic Alliance when the results … Read more
Macrotech Developers: The company, operating under the ‘Lodha’ brand, has increased its pre-sales forecast for 2024-25 by 20% to ₹17,500 crore, backed by robust demand and a strong launch pipeline, according to a senior company official. The Mumbai-based developer achieved a record high of ₹14,520 crore in pre-sales in FY24. On Wednesday, the real estate … Read more
The BSE Sensex, comprising 30 shares, concluded the session with a gain of 599.34 points or 0.83%, reaching the level of 73,088.33. Similarly, the Nifty 50 achieved a closing level of 22,147.00, up by 151.15 points or 0.69%. However, the broader market lagged behind the benchmark indices, with the Nifty Small Cap 100 edging up … Read more
A few days after National Stock Exchange’s managing director (MD) and CEO Ashishkumar Chauhan’s deep fake video wherein he is seen recommending stock went viral, BSE’s MD and CEO Sundararaman Ramamurthy’s video is also doing rounds on the social media. Mr Ramamurthy has clarified that he does not initiate or endorse any such communication via social … Read more
Lakumi Trust and Nicomac Machinery Pvt Ltd jointly offloaded a 4.9 percent stake in Gland Pharma for ₹1,411 crore via open market transactions on Tuesday. This divestiture entailed the sale of 81.20 lakh shares of Gland Pharma through separate bulk deals on the National Stock Exchange (NSE). As per NSE data, Lakumi Trust divested 61.65 … Read more
Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure. This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts. To align with this new business approach, the division has been renamed L&T … Read more
Stock Market Live Updates | Sensex Today : Shares in Asia fell Friday tracking US stocks, as interest rate uncertainty and geopolitical tensions weighed on sentiment. Australian and Japanese shares declined. Hong Kong markets are set to resume trading after a holiday, while mainland China and Taiwan will be closed for a second day. Contracts … Read more
“While the year-end profit booking, Sebi advisories to mutual funds to curb froth in smids (small- and mid-cap counters) and overvaluation in some counters caused the broader market indices to correct sharply till the middle of last month, selective picking by funds and other investors at lower levels erased the losses in the second-half, which … Read more
Mahindra & Mahindra: The Indian automaker has signed a Memorandum Of Understanding with Adani Total Energies E-Mobility to establish an electric vehicle charging network throughout India. This collaboration will also enable the automaker to introduce e-mobility solutions, ensuring consumer access to the charging infrastructure. Veejay Nakra, President of the Automotive Division at M&M Ltd, said … Read more