Sensex zooms 526 pts, Nifty ends at 22,124 as Reliance, Maruti drive rally

Stock market highlights on March 27: Reliance Industries closed 3.6 per cent higher, making up 58 per cent of Sensex gains after Goldman Sachs raised target price on the stock

9:04 AM

Currency Alert: Rupee depreciates 5 paise

9:02 AM

Investors open wallets for equity mutual funds in choppy markets

Equity mutual fund (MF) schemes have raked in Rs 46,200 crore in net lump sum inflows in the past six months (ending February 2024), almost thrice the inflow in the previous six-month period. READ MORE

8:59 AM

Bharti Hexacom sets price band for Rs 4,275 cr IPO at Rs 542-570 per share

The company's IPO is entirely an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. READ MORE

8:56 AM

Sponsor contributions in mutual funds near the Rs 1 trillion mark

Sebi requires those running mutual funds to invest money in their own funds as part of having 'skin-in-the-game', or aligning their interests with investors. READ MORE

8:53 AM

IPO mop-up increases 20% to Rs 62,000 crore during FY24, shows data

Equity fundraising through initial public offers (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by Prime Database. READ MORE

8:49 AM

Carlyle said to weigh $1 bn IPO for IT firm Hexaware Technologies

The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said. READ MORE

8:45 AM

Zee Entertainment should cut costs in profit pursuit, says panel

The move coming on the heels of a failed $10 billion merger with Sony India and the collapse of a $1.4 billion cricket broadcasting deal over a missed payment. READ MORE

8:41 AM

PGIM India MF launches retirement fund; StanChart offers 7.5 mn shares

PGIM India Mutual Fund on Tuesday launched the PGIM India Retirement Fund. The equity-oriented scheme will follow a multicap investment approach, ensuring a minimum 25 per cent exposure to each of the largecap, midcap, and smallcap segments of the market. The fund has a 5-year lock-in period. READ MORE

8:37 AM

Business Standard Manthan: All roads lead to Bharat Mandapam today

Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal & Railways and Telecom Minister Ashwini Vaishnaw among those who will discuss India's developed-nation roadmap at Business Standard. READ MORE

8:33 AM

Stocks to watch on March 27: Aster DM, Adani Ports, CDSL, SpiceJet, L&T

Stocks to watch on March 27: SpiceJet on Tuesday said it had signed an agreement with aircraft lessor Export Development Canada (EDC) to settle liabilities worth Rs 755 crore. READ MORE

8:29 AM

S&P Global downgrades outlooks on 5 regional US banks to 'negative'

It downgraded First Commonwealth Financial, M&T Bank , Synovus Financial, Trustmark and Valley National Bancorp. READ MORE

8:25 AM

Trump's media co valued at nearly $9.6 bn as shares surge in trade debut

At $70.46, company's market capitalization was $9.55 billion on an undiluted basis. Trading in the shares under the new ticker "DJT" was briefly halted just after the opening bell due to volatility. READ MORE

 

8:21 AM

Strong outlook, robust domestic demand to support Cummins India stock

Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months. The management has reaffirmed that growth would be in double digits over the coming two fiscal years. READ MORE

8:17 AM

Baltimore bridge collapse: Coal exports likely to be blocked for weeks

Ernie Thrasher added that the coal that moves out of Baltimore includes a lot of India-bound thermal coal, which is used for electricity generation. READ MORE

8:13 AM

Donald Trump barred from attacking jurors, lawyers in hush-money trial

Trump is accused in the case of falsifying business records to conceal a hush money payment to a porn star before the 2016 election, part of an alleged scheme to keep voters in the dark. READ MORE