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The share price of Sterlite Technologies Ltd (STL) rallied 7.5% to Rs 144.80 after the company announced the completion of Rs 1000 crore fund raise through Qualified Institutional Placement (QIP) route.
The shares of RIL-owned chocolate manufacturer, Lotus Chocolate rallied 14% to hit a 52-week high of Rs 470 on BSE in Tuesday\’s trade ahead of its Q4 results which are due later today.
Equity markets closed for Ram Navami. All segments shut. Multi-commodity exchange opens at 5:00 pm. Trade settlements closed.
A risk-off sentiment gripped developing-nation assets, taking a cue from money markets that were no longer pricing a Federal Reserve interest-rate cut in September, pushing their expectation to November.
\”We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action,\” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
\”We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action,\” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Vipul Bhowar\’s insights suggest continued market growth driven by government spending and private investment. Factors like inflation, oil prices, and equity market reactions play crucial roles in shaping India\’s economic landscape. Bhowar also says: \”The rise in SIPs shows a strong focus on retail investor growth, more so a shift towards small cities that contribute to the industry growth and showcase a broader financialisation of savings in smaller towns.\”
JPMorgan’s financing-solutions department in India, headed by Nitin Rungta, is reaching out to potential investors on behalf of the metals and mining company, according to people who asked not to be identified as the information is private. Those investors include global private credit funds, they said.
By Federico Maccioni and Alun John
Foreign portfolio investors turned net sellers at Rs 8,027 crore on Friday. DIIs, meanwhile, bought shares worth Rs 6,341 crore.
Foreign portfolio investors turned net sellers at Rs 8,027 crore on Friday. DIIs, meanwhile, bought shares worth Rs 6,341 crore.