HSBC is still optimistic about India, keeping its “Overweight” position and projecting a 15% increase from current levels in the Sensex year-end objective of 90,520 for 2025. There are still certain risks and difficulties facing the equity markets, even though growth in India seems to be levelling out at a somewhat slower but still manageable…
On Monday, November 18, shares of Neelam Linens and Garments made a respectable market debut when they went public on the NSE SME at ₹40.05, 66.87 per cent higher than the issue price of ₹24. The ₹13 crore SME IPO of Neelam Linens was available for subscription between November 8 and November 12. The issue…
The value of stocks listed in the United Arab Emirates has surpassed $1 trillion for the first time. This occurred as a result of a growth in local listings and a rise in companies associated with Abu Dhabi royals, which make up over one-third of the total valuation. As a result, the UAE market as…
According to persons familiar with the situation, billionaire Gautam Adani’s renewable energy division intends to raise at least $2 billion in primarily fresh debt next year to take advantage of creditors’ renewed faith in its ambitious expansion plans. According to persons who asked not to be named because the discussions are confidential, Ahmedabad-based Adani Green…
Nithin Kamath, chief executive officer of Zerodha, stated that the development possibilities for the Bengaluru-based company in the upcoming years will be impacted by the stock market’s expected plateau following the exuberance of the previous four years, which resulted in record participation from individual investors. “Zerodha’s performance would be highly correlated with the performance of…
Early on Monday, Asian equities fell as traders tempered their expectations of interest rate reduction from the Federal Reserve in response to further evidence of the US economy’s resiliency. Australian and Japanese stocks dropped. Samsung Electronics Co.’s surge on the announcement of its stock repurchase plan was the catalyst for South Korea’s benchmark to defy…
The pricing range for the Enviro Infra Engineers Limited initial public offering (IPO) has been set between ₹140 and ₹148 for each equity share with a face value of ₹10. The subscription period for the Enviro Infra Engineers initial public offering (IPO) is set for Friday, November 22, and it will end on Tuesday, November…
A decline in the dollar and indications of economic stabilization in China helped Asian stocks rise. Australia’s and Hong Kong’s stocks rose after statistics revealed that China’s retail sales growth was the largest in eight months. Because of the yen’s depreciation, Japanese benchmarks increased by almost 0.8%. US contracts declined. A five-day increase that was…
Muted sales growth and a drop in profits and margins have been the hallmarks of the second quarter of FY25’s disappointing corporate earnings. Notwithstanding the respectable performance of the Banking, Financial Services, and Insurance (BFSI) industry, non-financial businesses nonetheless confront formidable obstacles. 45% of the 227 companies in the 275-stock JM Financial coverage area have…
As a weaker yen helped manufacturers and financial sectors rise after increasing their yearly profit projections, Japan’s Nikkei share average increased on Friday. The Nikkei is expected to lose 2.4% for the week, despite being up 0.8% at 38,842.13 during the lunch break. Although the overall Topix has increased by 0.86% to 2,724.35, it is…