As per reports, two Edelweiss group entities, namely E Cap Equities and Edel Finance Company were likely to offload a 7.1 per cent stake in Nuvama Wealth management via block deals
Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.
As per reports, Edel Finance Company and Ecap Equities were looking to sell a combined 6.4 per cent stake
Nuvama Wealth Management was listed on the BSE and NSE in September 2023, following the demerger of Edelweiss Financial Services' wealth management business
Nuvama Wealth Management hit a new high of Rs 6,712, surging 6% on the BSE in Thursday's intra-day. The stock has more-than-doubled in just six months.
The market regulator Sebi has proposed measures to curb excessive speculation in F&O; a move that could impact trading volumes, believe analysts; Here are key levels to watch on broking related stocks
Spillover of trading activity from these contracts into remaining products, analysts believe, can limit the impact to 20-25%
From the July 23 Budget 2024-day low, the midcap and the smallcap indices on the BSE have seen a surge of over 6 per cent and 7 per cent respectively