Latest Stock Market News

Net foreign fund outflow from India in 2022 has crossed the Rs 2-lakh-crore mark, the biggest annual figure ever and more than double the previous high of Rs 80,917 crore recorded in 2018. Of the total, over 90%, or about Rs 1.9 lakh crore, was because of selling by foreign portfolio investors (FPIs) in the stock market, data from CDSL showed.

SBI has hiked the minimum interest rates for home loans to 7.55 per cent. The move follows a 50 basis points hike in repo rate to 4.90 per cent by the Reserve Bank of India last week.

Shares of Galactico Corporate Services and Ajanta Soya will go ex-split today. Galactico Corporate Services had announced the splitting of shares into face value of Re 1 from the face value of Rs 10 meanwhile Ajanta Soya had announced the splitting of shares into face value of Rs 2 from the face value of Rs 10.

JK Files has asset turnover of three times, translating into incremental revenue of around ₹450 crore. The company is soon set to hit the IPO route. According to the draft red herring prospectus filed with the market regulator, the company has an installed capacity of 8.2 million ring gears at the end of June 2021.

The Reserve Bank of India’s (RBI) market intervention strategy, coupled with the expectation of narrowing the rate differential between US and Indian bonds, triggered a drop in forward premiums across maturities.

Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, said Nifty’s lower-end support stands at 15,500, where fresh Put writing has been observed, and if it fails to sustain above that, it will witness further selling pressure.

BC Asia Investments X Ltd is indirectly held by Bain Capital Investors LLC (Bain Private Equity), Bain Capital Credit Member LLC and Bain Capital Member II (together Bain Credit) and the Canadian Pension Plan Investment Board (CPPIB).

Gold prices inched up from a near one-month low on Wednesday, as investors awaited a potentially aggressive and key interest rate hike announcement from the U.S. Federal Reserve as it seeks to combat inflation amid mounting fears of an impending recession.

According to the report, PhonePe plans to go public once its core businesses turn profitable, which it hopes to achieve by 2023. The report also mentioned that PhonePe, part of the Walmart-controlled Flipkart group, will soon engage with bankers and legal consultants to take forward the IPO process.

While one NBFC-MFI is looking to raise capital by way of the initial public offer, others will sell shares mostly on a private placement basis, people tracking the sector said.Fusion Micro Finance’s proposed IPO consists of a fresh issue of shares worth Rs 600 crore.