Latest Stock Market News

Several large investors and funds, including Canada Pension Plan Investment Board (CPPB), Abrdn Investment Management, TPG, Warburg Pincus, General Atlantic, Carlyle, Sequoia Capital, T. Rowe Price International, Norges Bank, and Fairfax, among others, have raised hundreds of crores by selling shares in June.

​​"We are recommending these stocks as a contra bet on the global cyclical sector and it is recommended to accumulate the stock in parts over the next few weeks," said SBI Securities in a note on Friday.

Under the resolution framework, the company management had approved the transfer of four road assets (BKEL, BAEL, JIICL, and JRPICL) to the InvIT of ₹5,500 crore, though lenders have been slow in approving the restructuring proposals for these assets.

The capital markets regulator has proposed sweeping changes to the total expense ratio or TER - the annual fee that mutual funds collect from unit holders - that will result in the cost of investing their schemes declining. Some of these suggestions have met with strong opposition from mutual funds and intermediaries like distributors, who fear the moves would impact business in a big way.

A central counterparty enables trades between different entities for contracts in various segments of financial markets. The LCH, one of the largest players in the global interest-rate swap market, facilitates transactions in more than a dozen international government debt markets.

​Nifty has reached closer to its record high after three months of gradual recovery and is currently hovering in a range. We are now at a critical juncture and eyeing 18,600 as a make-or-break level.

Adani Group is targeting a 20% year-on-year growth in pre-tax profits to reach Rs90,000 crore EBITDA in two to three years. The firm has repaid loans of $2.65bn to reduce overall leverage and win back investor trust following a damning report from a US short seller. Adani aims to achieve more than 20% EBITDA increase through sustainable growth and expansion in sectors including airports, cement, renewables, solar panels, transportation and logistics, and power and transmission. Its listed portfolio EBITDA increased 36% year-on-year to Rs57,219 crore in fiscal year 2023 while its Asset Value of gross assets stands at Rs3,91,000 crore.

I believe in knowledge that comes from dedication to be a successful trader. Many people or we can say influencers, are influencing people by showing them screen recordings of their profit on YouTube and their lifestyle too. But as an instructor, I do not want to influence people to make impulsive decisions based on my P&L and my lifestyle, says Arun Singh Tanwar, a full-time trader with an 8-figure portfolio

Stocks in focus included names like Indigo or InterGlobe Aviation, that pared gains after hitting a fresh 52-week high, PolicyBazzar, which also hit a fresh 52-week high of Rs 690 and Adani Enterprises, which fell more than 6% and was the top Nifty loser on Friday.

PKH Ventures has launched its IPO, consisting of a fresh issue of up to 1.82 crore shares and an offer for sale of up to 73.7 lakh equity shares by selling shareholders. Its civil construction business, executed by Garuda Construction, does third-party developer projects, two government projects and three government hotel development projects, while its hospitality interests include owning hotels, spas and restaurants. The proceeds of the IPO will be used for investment in construction subsidiaries and general corporate purposes. The company had revenue of INR125 crore and a profit after tax of INR28.6 crore for the period ending December 2022.