PE/VC investments nearly doubled to $5.4 bn in May led by Jio Platforms deals

The investments have nearly doubled as compared to the year-ago period's USD 2.8 billion, and the biggest deal recorded during the month was buyout major KKR's USD 1.5 billion investment in Jio, consultancy firm EY said in a report.
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RIL’s rights issue gets robust response from investors, subscribed 1.59 times; shares likely to list next week

RIL rights issue witnessed huge interest from small and institutional investors alike. The allotment of the equity shares will take place on or about June 10, 2020, and the listing of rights shares on

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Nifty charts suggest high possibility of strong buying from lows; these 2 stocks likely to gain

The overall chart pattern as per weekly/monthly timeframe are still positive. Any decline down to 9700 levels is expected to be a buying opportunity in the near term.

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Stocks in focus: HDFC Life, RIL, BPCL, Aurobindo Pharma, among others to remain in focus

NIIT, PNB Gilts, SRF, DLF, PI Industries, Chemfab Alkalis, Safari Industries, and Tourism Finance Corporation are among 15 companies that are scheduled to announce their March quarter earnings today

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Market HIGHLIGHTS: Sensex ends 330 pts down from day’s high; Tech Mahindra jumps over 5%, Airtel up nearly 4%

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: The 30-share Sensex fell 129 points or 0.38 per cent to end the session at 33,980, while the broader Nifty 50 index closed the trade a

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Debt funds see sharp surge in assets under management in May

Data from Association of Mutual Funds in India (Amfi) show that daily AUM of debt funds at the end of May 29 stood at Rs 6.18 lakh crore against Rs 5.92 lakh crore in April — an increase of Rs 26,40

Banking and PSU funds saw its daily AUM as on May 29 was at Rs 89,565.42 crore, up by Rs 10,378.07 crore. News

Equities join global rally, Nifty ends day at 10,061

Asian markets rose to a three month high during the day’s trading session with bourses in Hong Kong, Taiwan and South Korea rallying between 1.73% to 2.87%.

Indian equities have joined a strong global rally driven by a rush of liquidity. News

Franklin Templeton: Gujarat HC stays e-voting on shuttering six debt funds

When contacted, Franklin Templeton said the fund house was examining the matter and would take appropriate steps as may be required.

The petitioners in the case are Areez Phirozsha Khambatta, Persis Khambatta and Khabhatta Family Trust. News

Rubber producing countries roll back estimate of global production, consumption – Here’s why

“The recovery is likely to continue, albeit at slow pace and subject to a set of risk factors, said RB Premadasa, secretary general, ANRPC, in the foreword.

As per the revised outlook, the world production is expected to fall by 4.7% to 13.130 million tonne during 2020. News

Nestle India rating: Recommend ‘neutral’ with target price of Rs 17,250

We expect consumption of RTC foods to increase in a post-Covid world. Nestle’s products in this category — Maggi Noodles, Pazzta, Upma, Poha —could see significant demand growth.

Nestle is launching innovative products at 3x the pace of 5 years ago. News

IndiGo rating: Recommend ‘sell’ with revised fair value of Rs 925

The management seeks to replace most of the current fleet of 123 A320ceo aircraft in the next two years, prompting us to believe that the current fleet count may not change much over FY21-22.

IndiGo reported a decent quarter with revenues beating our estimates by 13%, driven by 5% higher RPKs and 7% higher yields. News

India VIX cools down further, inches closer to 30 levels, but is the worst behind share markets? —

The fear gauge of India equity markets, the India VIX index was something that inched higher and higher during the month of March.

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Sensex, Nifty march northward for sixth consecutive day, here’s what pushed share markets today

Domestic equity benchmarks continued their upward march for a sixth consecutive day as S&P BSE Sensex ended the day 284 points or 0.84% higher, while the 50-stock Nifty ended the day at 10,061 levels.

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Adani Power share price dives 9% from day’s high, Board starts contemplating on delisting proposal

After surging 15% in the last three days, the share price of Adani Power tanked over 8.7% from the day’s high on Wednesday as the Board of Directors took on record the proposal to delist the company

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IndiGo share price surges 40% in less than 3 months; stock jumps 12% as firm shifts focus from growth to cash

InterGlobe Aviation-run IndiGo airline share price has surged nearly 40 per cent from its March low of Rs 765.05.

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Gold prices slip below Rs 47,000 on profit-booking, rally in equity markets; silver rates rise

On MCX, gold August futures were trading down nearly Rs 203 at Rs 46,362 per 10 grams. While silver July futures gained Rs 130 at Rs 49,210 per kg

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This mid-cap auto parts stock doubled since March, still has some steam left; check target price

While share markets tanked in the month of March, analysts and experts warned against painting all the stock with the same brush and deserting the shares that are sound fundamentally.

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Bajaj Finance share price rallies 40% in one week; stock gains 6% in trade today

At 11.35 AM, Bajaj Finance stock was trading 4.93 per cent higher at Rs 2,462.50 apiece on BSE in Wednesday's strong trade.

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Commodity exports to China could fall by $33.1 billion in 2020, UNCTAD study

Chinese imports of soya beans from commodity-dependent developing countries is now projected to grow by 34 per cent - 10 percentage points more than earlier forecasts.

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Billionaire Richard Branson may sell Virgin Galactic shares worth $200 mn to save business empire

Richard Branson is considering selling another chunk of his stake in Virgin Galactic Holdings Inc., a move that could provide about $200 million to support his broader Virgin business empire.

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TCS, Infosys, others distributing wealth: Top 5 IT firms return most of profits to investors in 5 last years

Leading information technology companies in India have been overly generous towards investors in the last five years, returning about 70% of the profits earned by them to the shareholders.

The market valuation of TCS zoomed Rs 47,148.71 crore to Rs 7,57,587.71 crore, the biggest rise among the top-10 firms. News

Britannia share price hits 52-week high for second straight day; surges over 7% on surprise Q4 profit

At 10.20 AM, Britannia Industries was trading 5.66 per cent higher at Rs 3,645.65 apiece on the BSE as compared to a 1.15 per cent rise in the S&P BSE Sensex

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Sugar output this season revised upwards marginally to 27 MT

Mills across the country have produced 26.821 MT between October 1, 2019, and May 31, 2020, a decline of 18% or 5.932 MT less than 32.753 MT produced in the corresponding period in the previous s

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Bond yields decline by 2 bps despite Moody’s downgrade of India’s ratings

Over the last few weeks, market participants have been anticipating the central bank to announce measures to absorb the additional supply of government bonds.

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