Nykaa shares jump 3% after MSCI inclusion, $199 million inflows expected
Shares of FSN E-Commerce Ventures, the parent company of Nykaa, climbed as much as 3.2% on Wednesday to Rs 203.8 on the BSE after global index provider MSCI added the stock to its MSCI Global Standard Index in its latest semi-annual review. The inclusion is expected to trigger passive inflows of around $199 million, according…
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Tata Tech among 11 smallcap stocks get MSCI seat, 22 thrown out
Global index services provider MSCI has reshuffled its India Smallcap Index to include Tata Technologies, Hexaware Tech and ACME Solar and removed 22 other stocks like Aarti Drugs and Paisalo Digital. As a result of the rejig, JM Financial estimates that Tata Tech will have a passive fund inflow of about $16 million while Hexaware…
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Raymond shares crash 66%: 4 key things to know about the realty demerger
Shares of Raymond Ltd tumbled 66% on Wednesday, trading at Rs 530 compared to Tuesday’s close of Rs 1,561.30, as the stock turned ex-date for the demerger of its real estate business, Raymond Realty. While dramatic on the surface, the sharp fall is not a sell-off but a notional price adjustment reflecting the separation of…
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Japan’s Nikkei jumps to 3-month peak on Sino-US tariff truce
Japan’s Nikkei share average jumped to the highest in almost three months on Tuesday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs, easing concerns that their trade war could trigger a global recession. The Nikkei surged as much as 2.3% to 38,494.06 shortly after the open, a level last seen on…
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UPL shares drop 5% despite over 20x surge in Q4 profit
Shares of UPL Ltd fell by 5% in intraday session on the BSE today to their day’s low of Rs 642 after reporting its Q4FY25 results on Monday. The company posted a net profit of Rs 900 crore, significantly up from just Rs 40 crore reported in the year ago period. This denotes a massive…
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BSE shares rise 4% ahead of record date tomorrow. Last day to buy
Shares of BSE rose 4.4% to their day’s high of Rs 7,265 on the NSE on Tuesday after the company’s board announced a total final dividend of Rs 23 per share for its shareholders while announcing the Q4 results, fixing May 14 as the record date for determining the shareholder eligibility for the same. The…
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Mazagon Dock, GRSE, Cochin Shipyard set for 3x order boom by FY27 amid defence windfall: Antique Broking
India’s state-run defence shipbuilders—Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers (GRSE), and Cochin Shipyard—are poised for an order boom that could more than triple their combined order books over the next two years, according to Antique Stock Broking. The brokerage said a sharp recovery in defence stock prices since April, following a geopolitical flare-up…
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GIFT Nifty down 160 points; here’s the trading setup for today’s session
Indian equities made solid gains on Monday, with the Nifty soaring by a record 917 points to close at 24,925 – a seven month high. Looking ahead, market participants will closely track the release of key inflation data—India’s CPI and the US Core CPI, both scheduled for Tuesday. Additionally, investors will watch quarterly results from…
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Stocks rise across Asia on US-China trade truce
Asian stocks followed gains in US equities on optimism the US-China trade truce marks the end to an all-out tariff war. Shares in Australia and Japan jumped at the open after the S&P 500 closed more than 3% higher. Japan’s Topix gained for a 13th day, putting it on track for it longest winning streak…
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Spandana Sphoorty plans change in Articles of Association to ease fundraising
Kolkata: Microfinance company Spandana Sphoorty Financial has proposed to amend certain articles of the Articles of Association of the company to align the same with the Companies Act, 2013. The company has sought shareholders approval for the same. The e-voting would take place between May 13 to June 11. “It is proposed to change certain…
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