UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals
UBS sold holdings in Concord Biotech, Five Star Business Finance, IIFL Securities, and Marksans Pharma through block deals, totaling Rs 480 crore. The largest sale was in Concord Biotech, worth Rs 192 crore at a 15% premium.
Leela hotels owner Schloss Bangalore files for $599 million India IPO
The company would issue fresh shares worth 30 billion rupees, while existing shareholder Project Ballet Bangalore Holdings (DIFC) will sell shares worth 20 billion rupees.
Sebi relaxes financial disincentives norms for technical glitches, restricts it to Market Infrastructure Institutions
Securities and Exchange Board of India (Sebi) on Friday relaxed rules governing financial disincentives imposed by the regulator on Market Infrastructure Institutions (MIIs) and individuals for omissions and commissions leading to technical glitches.
These 5 BSE smallcap stocks see price and volume jump in last 3 days
Recent analysis by ETMarkets reveals that five BSE smallcap stocks experienced consistent growth in price, trading volume, and delivery volume over the past three sessions. This surge suggests heightened investor interest in these specific smallcap companies.
Life Insurance sector has strong growth potential amid regulatory changes; HDFC Life, SBI Life top picks
Private insurers in India saw a significant increase in their weighted received premium (WRP) during August 2024, growing 15% year-on-year. This was notably higher than the overall industry growth of 10%. Combined with ongoing investments in distribution and new product development, this indicates a positive outlook for the private insurance sector in India.
Wall St Week Ahead: Investor focus turns to data, election, earnings after Fed cut
U.S. stocks face a challenging period with economic data, political uncertainty, and corporate earnings tests ahead. The S&P 500 recently hit an all-time high following a Federal Reserve rate cut but remains vulnerable to market swings, especially with the upcoming election and key economic reports on the horizon.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low against a basket of currencies. The Fed’s move was aimed at sustaining low unemployment amid easing inflation, with further rate cuts expected in the coming years.
US stocks close slightly lower, trade choppy after Fed rate cut
U.S. stocks ended with modest losses on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the first reduction in over four years. The Dow, S&P 500, and Nasdaq all experienced intraday highs before closing lower. Small cap stocks and regional banks saw gains, while trading remained choppy throughout the day.
Rs 1 lakh mutual fund SIP can be the new status symbol: Radhika Gupta of Edelweiss Mutual Fund
Radhika Gupta, CEO of Edelweiss Mutual Fund, suggests that with India’s financialization, the new measure of wealth should be the size of one’s monthly SIP book. She envisions young people proudly discussing their SIP investments rather than properties.
11 stocks boast over 20% gains in every Q3 for 4 yrs
It is interesting to be watchful of the consistently performing stocks. ETMarkets analysis found that there are 11 stocks on BSE universe which have gained over 20% in each of the October to December quarters for the last 4 years. We considered only stocks with a market cap of over Rs 1,000 crore. It is […]