Latest Stock Market News

The latest rejig of the MSCI Global Standard Index gets into effect from November 30 and the announcement is scheduled on Wednesday, November 15 around 3:30 am India time.

ETMarkets brings 10 stocks where LIC reduced its holdings the most as of the last quarter. The average stock price change during the quarter was 17.28% for these stocks.

It could raise funds for as low as 6.5% interest cost including the cost of currency hedging if its first attempt at a Yen bond sale is successful. That would be at least 100 basis points or a percentage point lower than if it were to borrow in US dollars given that yields in that country are at multi-year highs.

IREDA IPO consists of a fresh issue of up to 40.3 crore equity shares and an offer for sale (OFS) of up to 26.8 crore equity shares by the government. About 50% of the IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.

If you plan to have a baby at some point in the future, you would want to look at a policy offering maternity benefit, which will cover expenses relating to childbirth. Similarly, while opting for the sum insured, remember this policy should be able to serve you in the long run, which implies taking inflation into account.

The Hindu accounting year began with an upgrade from global brokerage Goldman Sachs which said India is expected to see “the best structural growth prospects in the region” with mid-teens earnings growth over the next two years.

Developing a financial plan for children is crucial, as it ensures their long-term welfare, particularly when educational expenses are on the rise. Children’s Day serves as a call to action, making parents realise to prioritise financial planning for their children.

"We are positive on interest rate-sensitive sectors from a 12-month perspective as interest rates seem to be peaking. NBFCs, banks, and real estate are likely to perform well in a falling interest-rate environment. Secondly, the defence sector could continue to be in the spotlight, considering a projected 2-3% spending as a percentage of GDP over the next decade."

Mazagon Dock Shipbuilders, Bank of India, Thermax, Uno Minda, and Vedant Fashions are the five midcap stocks which saw mutual funds reducing their exposure for three months in a row, according to the data shared by Nuvama Institutional Equities.

As many as 10 companies are looking to launch their public offers in the next two months, with five of them creating a strong buzz in the market.