Akums Drugs and Pharma shares jump 8% post listing. Should you buy, sell or hold?
Akums Drugs and Pharmaceuticals shares jumped 8% to Rs 784.6 following their debut on the exchanges on Tuesday. The stock debuted at Rs 725 on the NSE and BSE, reflecting a premium of Rs 46 or 7% over the IPO price of Rs 679. However, the listing was below expectations, with shares previously trading at…
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Analyst Views: Selloff may offer opportunities
The panic selling that has gripped the stock market worldwide, including India, could throw up opportunities for investors in the near term, said investment advisors and analysts. While some think the readings are showing signs of the market being oversold, others are of the view that investors could get better value at even lower levels….
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Sebi targets reduction in fundraising time
India’s markets regulator is working to streamline the fundraising process for companies and simplifying public offer documents for investors, Chairperson Madhabi Puri Buch said on Friday. The Securities and Exchange Board of India (SEBI) is working to merge rights issues and preferential allotments to expedite fundraising, Buch said at an event in Mumbai, adding that…
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Big tech trade shudders just as stock pickers make a comeback
Wall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way. An earnings flop from Tesla Inc. and fears about Alphabet Inc. spending landed just as popular bets in bonds and commodities misfired, adding to…
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sanstar share price: Sanstar share price jumps 19% after listing. What should investors do?
Sanstar shares surged 19% to Rs 126.5 following their debut on the exchanges on Friday. The stock is listed at Rs 106.4 on the BSE, a 14.7% premium over its IPO price of Rs 95 per share. On the NSE, the manufacturer of maize-based specialty products listed at Rs 109. Despite the strong response to…
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Asian shares: Stocks in Asia slip, tracking US tech-led declines
Equities in Asia declined as investors began pulling back on the artificial-intelligence frenzy that has powered the bull market this year. Stocks in Japan and South Korea both fell over 2%, with chipmaker SK Hynix Inc. tumbling even with solid earnings. In the US, the S&P 500 slumped 2.3%, its worst showing since December 2022…
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Sensex falls 1,500 points intraday, closes flat; caution over valuations
India’s equity benchmarks ended flat on Tuesday following a roller-coaster session as investors took concerns over the increase in taxes on stock market transactions in their stride. The Nifty ended 0.12%, or 30.20 points, lower at 24,479. The Sensex declined 0.09%, or 73.04 points, to 80,429. Money managers said the undertone will remain cautious owing…
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FPIs invest Rs 30,772 cr in equities in July so far
Foreign investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Additionally, the anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director – Manager Research at Morningstar Investment Research India, said. Going forward,…
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To invest or not? Understanding sectoral and thematic mutual funds
Chasing trends always seems quite exciting, but what most people tend to be unaware of is the pitfalls of such behavior. An American novelist and poet Jack Kerohouac sums this up well when he says “Great things are not accomplished by those who yield to trends and fads and popular opinion”. When it comes to…
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Investors ride the ‘Trump trade’ as expectations grow for a second term
Rising expectations that former President Donald Trump will regain the White House in November are supercharging the so-called Trump trade, on views that his policies will lift corporate profits even while spurring worries about the country’s long-term fiscal health. The two sides of the trade have been evident in recent weeks, as investors price in…
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