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Source: Live Mint Hiren Ved, director and chief investment officer at Alchemy Capital Management, noted that investors are increasingly moving away from traditional FMCG stocks. “They are turning to aggregators and e-commerce platforms, particularly quick commerce, which sell both discretionary as well as non-discretionary consumer items as it provides a better proxy for growth as…
Source: Live Mint The selling streak by foreign portfolio investors (FPIs) continues to grow, with another outflow of ₹3,731.60 crore from Indian stocks recorded in Monday’s trading session. This marks the 11th consecutive day of selling, highlighting a sustained trend of bearish sentiment among international investors towards the Indian equity market. This brings their total…
Source: Live Mint The Indian stock market has been undergoing a correction since September 27 and significantly underperforming its Asian peers. India is at a risk of seeing its premium valuations, held since May 2021, narrowing in the coming months. In contrast, global investors are increasingly drawn to the Chinese market due to its low…
Source: Live Mint Tata Steel Share Price Today on : At 15 Oct 11:13 today, Tata Steel shares are trading at price ₹156.9, -0.88% down from the previous closing price. Sensex is trading at ₹81799.76, down by -0.21%. The stock has hit a high of ₹159.6 and a low of ₹155.65 during the day. On…
Source: Live Mint Shiv Texchem share price listed with a strong 44% premium at ₹239 on the BSE SME on Tuesday. The subscription received by the IPO and the GMP had indicated towards a good listing gains The initial public offer of Shiv Texchem had received strong response being subscribed 156.55 times. By October 10,…
Source: Live Mint Hyundai Motor India IPO: The initial public offering (IPO) of Hyundai Motor India Limited has hit the Indian primary market today. The public issue will remain open until 17th October 2024. So, Hyundai Motor India IPO subscription will remain open for bidding from Tuesday to Thursday this week. The auto OEM company…
Source: Live Mint Breakout stocks to buy or sell: The Indian stock market rebounded from Friday’s losses and ended on a strong note on Monday. The Nifty 50 index finished 163 points higher at 25,127, the BSE Sensex ended 591 points northward at 81,973, and the Nifty Bank index gained 644 points and closed at…
Source: Live Mint Stock Market Today: The Nifty 50 index ended with gains of 0.66% at 25,127.95 on Monday, as some decline in crude prices provided a relief even though uncertainties pertaining to Iran-Israel war and FII outflows persists. BSE Sensex at 81,973.05, also closed with gains of 0.73%. The Bank Nifty at 51,816.90, ended…
Source: Live Mint Avenue Supermarts Ltd’s shares fell over 8% on Monday after its September quarter (Q2FY25) earnings missed expectations and concerns rose on growth prospects amid intensifying competition from quick commerce companies. Avenue runs the DMart supermarket chain. Standalone Ebitda margin in Q2 dropped 27 basis points year-on-year to 7.9%, which was below analysts’…
Source: Live Mint The Hyundai Motor India IPO launch scheduled for tomorrow marks a significant milestone for the country. The company is a wholly-owned subsidiary of Hyundai Motor Company, Korea and since its establishment in 1996, Hyundai has emerged as a prominent automobile manufacturer in India, renowned for its popular models like the i20, Creta,…
