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marketsNifty's Upward Momentum Continues as Analysts Eye 24,600 Mark
The Nifty index is poised for further gains, with analysts targeting 24,600 in the coming weeks. Key support levels are identified around 23,850–23,750, while resistance is seen at 24,200–24,400. Traders are advised to buy on dips and sell on rallies.
marketsMarket Indices Open Lower Amid Global Economic Concerns
Indian benchmark indices opened lower on June 22 amid global economic concerns. The BSE Sensex and NSE Nifty both saw declines, influenced by global market trends and investor caution.
marketsJio and NSE IPOs Face Challenging Market Conditions
Jio and NSE are set to launch IPOs in a challenging Indian market, contrasting with the buoyant US conditions for AI-driven IPOs like OpenAI and Anthropic. The success of these Indian IPOs may hinge on attracting global investors.
marketsGeopolitical Tensions and FII Activity Impact Indian Markets
The Sensex and Nifty 50 ended their five-day winning streak due to a decline in IT stocks and renewed FII selling. Geopolitical tensions and crude oil prices are key factors influencing the market.
marketsIPOs This Week: Waterways, Advit Jewels, Riyaasat Lifestyle
Riyaasat Lifestyle Ltd.'s IPO opened for subscription on June 18, alongside upcoming IPOs from Waterways Leisure and Advit Jewels. Anubhav Plast's SME issue continues, reflecting a busy week in the Indian IPO market.
marketsTraders Increase US Rate-Hike Bets Amid Hawkish Fed Signals
Traders are increasingly betting on a US interest rate hike following hawkish signals from new Fed Chair Kevin Warsh. Swaps now imply 25 basis points of hikes, reflecting a shift in market expectations.
marketsJio Platforms' Valuation Premium: An In-Depth Analysis
Jio Platforms plans to issue 270 million fresh equity shares, aiming to raise up to ₹42,000 crore. The company's valuation premium is driven by its pureplay 4G and 5G network and proprietary digital platforms, setting it apart from global peers with legacy infrastructure.
marketsSBI Funds Management Receives Sebi Approval for IPO Launch
SBI Funds Management has received Sebi's approval for its IPO, which will be an offer for sale of 20.37 crore shares by SBI and Amundi. The move is expected to enhance visibility and provide liquidity.
marketsAccenture's 20% Plunge Highlights AI's Impact on IT Sector
Accenture's stock plummeted 20%, its worst trading day ever, amid AI-driven disruptions in the IT sector. The Nifty IT index also saw significant declines, raising concerns about the industry's growth prospects. Analysts recommend caution, suggesting investors wait for clearer guidance before making moves in IT stocks.
marketsSebi Reintroduces Open Market Buybacks via Stock Exchanges
Sebi has reintroduced open market buybacks via stock exchanges, effective August 1, to enhance capital management flexibility. The new framework mandates completion within 66 working days and requires direct shareholder communication. Amendments to mutual fund regulations and a new code of conduct for Sebi board members were also approved.
marketsReliance Plans Record-Breaking IPO as Jio Platforms Files DRHP
Reliance Industries' Jio Platforms is set to launch India's largest IPO, aiming to raise $4 billion. The offering will involve a fresh issue of shares, valuing Jio Platforms at up to ₹13 lakh crore. Proceeds will be used to repay loans and fund corporate initiatives.
marketsTop Brokerage Picks: Hyundai, Ramco Cements, NTPC Lead Gains
Brokerage firms highlight stocks like Hyundai Motor and Ramco Cements for potential gains. Recommendations suggest significant upsides across various sectors.
marketsSpaceX Shares Decline as Post-IPO Enthusiasm Dwindles
SpaceX shares fell 6.5% to $178.50 on Thursday, following a nearly 5% drop in the previous session. Despite the decline, the stock remains over 30% above its $135 offering price. Analysts attribute the recent price fluctuations to profit-taking and expected volatility.
marketsRIL AGM: Key Announcements and Market Reactions to Watch
Reliance Industries' 49th AGM is set for today, with investors anticipating updates on the Jio IPO, retail strategy, and new energy business. Historically, RIL shares have shown mixed reactions on AGM days. Technical analysis suggests a bearish outlook, while Morgan Stanley maintains an 'Overweight' rating.
marketsSensex and Nifty Close Higher Amid Easing Crude Prices
The Nifty closed 82 points higher on Thursday, supported by easing crude oil prices, a stable rupee, and optimism over a potential US-Iran agreement. Asian markets also traded higher, contributing to the positive sentiment.
marketsAnubhav Plast IPO Opens for Subscription with Rs 24 Crore Issue
Anubhav Plast has launched its IPO on the BSE SME platform, aiming to raise Rs 24 crore through a fresh issue of 30 lakh equity shares. The price band is set at Rs 77-80 per share, with the listing scheduled for June 29. Proceeds will fund business expansion.
marketsCrude Oil Prices Drop as Strait of Hormuz Reopens
Crude oil prices have dropped significantly as shipping through the Strait of Hormuz resumes. Brent crude fell towards $79 a barrel, with a weekly decline of over 9%. The reopening of the strait follows the lifting of restrictions on Iranian ports, easing previous disruptions.
marketsAsian Stocks Climb as Oil Prices Decline Amid Global Market Shifts
Asian stocks continue to rise, with the MSCI Asia Pacific Index gaining for the sixth day. Oil prices fall amid easing supply concerns following a US-Iran peace deal. Markets in the US, China, Hong Kong, and Taiwan are closed for holidays.
marketsUS Tech Stocks Surge Amidst AI Revolution
US tech stocks are experiencing a notable rise, driven by the ongoing AI revolution. Investors are closely monitoring market trends and the impact of Budget 2025 on stock performance.
marketsGold and Silver Prices Dip Amid Fed's Rate Hike Signal
Gold and silver prices in India have declined amid signals of a possible rate hike by the US Federal Reserve. The summer wedding season has spurred a cautious increase in gold purchases, while sales of lower caratage jewellery have risen. Market participants are watching global economic factors closely.
marketsTurtlemint Fintech's IPO: A Long-Term Investment Opportunity?
Turtlemint Fintech Solutions, a technology platform for insurers and customers, is making headlines with its IPO. The company has shown revenue growth but continues to face challenges with cash flow. Investors should watch for regulatory changes and the company's ability to sustain growth.
marketsDollar Strengthens as Fed Signals Potential Rate Hike
The Bloomberg Dollar Spot Index has climbed 1% amid speculation of a Federal Reserve rate hike under new Chairman Kevin Warsh. This has led to a shift in global investment towards US assets, impacting major currencies like the euro, Canadian dollar, and yen.
marketsIndian Stock Markets Rally for Fifth Consecutive Session
Indian stock markets continued their upward trajectory for the fifth straight session on June 19, buoyed by positive global cues and strong sectoral performances. The BSE Sensex and NSE Nifty 50 both posted gains, driven by IT, banking, and pharmaceutical stocks.
marketsLast Day to Buy Stocks for Dividends Worth Rs 248
Today is the last chance for investors to buy shares to qualify for dividends from companies like HDFC Bank and Tata Motors PV, with a total payout of Rs 248. SEBI's T+1 settlement cycle requires purchases at least one day before the record date.