Category: Market

The Securities and Exchange Board of India (SEBI) has announced several new measures to curb speculative trading in the futures and option (F&O) segment as nine out of ten participants have consistently lost money over the past three years.

Bhavish Aggarwal-run Ola Electric continues to lose its market share in the Indian EV market and in the month of September, it further dropped to 27 per cent amid rising competition as well as its crippling service centres.

India's primary market continues to boom, with three SME IPOs set to launch next week from September 30, and the market will see several main board IPO listings like KRN Heat Exchanges, which received massive subscriptions of over 200 times.

The Indian equity indices witnessed a sharp rally last week as Sensex and Nifty both made new all-time highs of 85,978.25 and 26,277.35 respectively. Now, the market outlook for next week looks very positive, experts said.

To achieve the goal of $500 billion local electronics manufacturing by FY30, the industry must prioritise export growth to emerge as one of the top three global exporters in this domain by 2030, industry players said on Saturday.

The Indian stock market continued to witness the bull run this week, marking a 1.7 per cent increase and the third consecutive weekly gain, with Sensex hitting 85,000 for the first time and Nifty trading at an all-time high.

Indian frontline equity indices were trading near record highs as heavyweight IT stocks like Infosys, Wipro, TCS and Tech Mahindra gained after a positive revision of Accenture's revenue guidance for FY25. 

Prime Minister Narendra Modi on Thursday met the leadership team of Tata Sons and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC), which are building a Rs 91,000 crore mega semiconductor fabrication facility in Gujarat's Dholera.

Ola Electric’s flagship S1 series EV scooter has turned out to be a nightmare for several customers as they continue to face issues like malfunctioning hardware and glitching software even from day one after purchase.

Selling was seen in the midcap and smallcap stocks. Nifty midcap 100 index was down 375 points or 0.62 per cent at 60,089 and Nifty smallcap 100 index was down 104 points or 0.54 per cent at 19,252.

A mixed trend was seen in the midcap and smallcap stocks. Nifty midcap 100 index was down 200 points or 0.33 per cent at 60,650 and Nifty smallcap 100 index was up 34 points or 0.18 per cent at 19,473.

At 9:48 a.m., Sensex was up 75 points or 0.09 per cent at 85,004 and Nifty was up 25 points or 0.09 per cent at 25,964. It was the first time the BSE's benchmark traded above 85,000.

Bhavish Aggarwal-run Ola Electric shares nosedived further on Monday, as market analysts warned retail investors not to go bullish on the stock yet, owing to its speculative valuation amid rising competition.

The horticulture production in the country is estimated to reach about 353.19 million tonnes in 28.98 million hectares area in 2023-24, the new government data showed on Saturday.

At closing, Sensex was up 1,359 points, or 1.63 per cent, at 84,544 and Nifty was up 375 points, or 1.48 per cent, at 25,790. Nifty Bank was up 755 points, or 1.42 per cent, at 53,793.

On the transmission front, AESL is working on nine additional projects that it expects to complete over the next 18-24 months. These projects will help drive operational revenue from Rs 4,045 crore in FY24 to Rs 7,000 crore in FY27, representing a CAGR of 20.7 per cent.

India’s total exports during the April-August period are estimated at $328.86 billion, registering a positive growth of 5.35 per cent, data by the Ministry of Commerce and Industry showed on Tuesday. 

Indian equity indices closed with marginal gains as market investors shifted their focus to the US Federal Open Market Committee's policy meeting, starting later in the day on Tuesday.

India's wholesale price inflation further eased to a four-month low of 1.31 per cent in the month of August, compared to 2.04 per cent in July, as fuel prices turned negative and food prices went down, the government said on Tuesday.

Buying was seen in the midcap and smallcap stocks. The Nifty Midcap 100 index was at 59,640, up 702 points or 1.19 per cent and the Nifty Smallcap 100 index was at 19,354, up 192 points or 1.01 per cent.

At closing, Sensex was down 398 points, or 0.49 per cent, at 81,523 and Nifty was down 122 points, or 0.49 per cent, at 24,918. Selling was led by banking stocks. Nifty Bank was down by 262 points, or 0.51 per cent, at 51,010.

The Berth No 13 at Deendayal Port in Kandla will handle multipurpose cargo and is expected to be commissioned in FY27, India’s largest port developer-cum-operator said in a statement.

As the country geared up to organise the three-day ‘Semicon India 2024’ conference, top CEOs of semiconductor companies on Tuesday hailed Prime Minister Narendra Modi’s leadership, saying he has inspired not just India but the entire world.

In the Sensex pack, Reliance, Bharti Airtel, Tata Motors, Nestle, M&M, Power Grid, Bajaj Finance, L&T, JSW Steel, Sun Pharma, and UltraTech Cement were the top losers. Titan, Wipro, ITC, Infosys, Tata Steel, SBI, Asian Paints, and HDFC Bank were the top gainers.

The Indian startup ecosystem witnessed a surge in large funding rounds (over $100 million) in 2024, as startups' focus has shifted to profitability along with growth.