Nifty Seen Opening On A Flat Note; Infosys, Wipro In Focus

The Indian equity benchmarks are set to open on a flat note as indicated by the Nifty futures traded on Singapore Exchange amid mixed cues from Asian markets. The Nifty futures on Singapore Exchange rose 5 points or 0.03 per cent to 15,869. Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell…

Zomato IPO: Firm raises Rs 4,197 crore from 186 anchor investors

Online food delivery giant Zomato raised Rs 4,197 crore from 186 anchor investors on Tuesday ahead of its initial public offering (IPO). The company had allotted 55.22 crore equity shares to anchor investors for Rs 76 apiece. The key anchor investors are Tiger Global, BlackRock New World Fund, Axis Mutual Fund, SBI MF,…

Sensex, Nifty post weekly loss as investors gauge domestic developments

Indian shares posted their second weekly loss on Friday, struggling to break past recent peaks as investors assessed a host of developments, including a cabinet reshuffle and results from software services giant Tata Consultancy Services. Weighed down by heavyweight financial stocks, the blue-chip NSE Nifty 50 index…

Investor Rakesh Jhunjhunwala Sees Years Of Double-Digit Stock Gains

Annual equity returns from Indian stocks will be about five percentage points on top of the economic growth of 7%-10% in coming years, according to billionaire investor Rakesh Jhunjhunwala. Known locally as India’s Warren Buffett due to his penchant for equity investing, Mr Jhunjhunwala is counting on the…

Bottomline: These stocks gave 1000% since Mar ’20; but what about fundamentals

The market is a sentimental beast. It swings from extreme pessimism to unbridled optimism (sanity lies somewhere in the middle). And in that process, it tends to distort valuations. We seem to be experiencing just this sort of euphoria in certain pockets of the market today. But to get a better sense of the nature of…

Cryptocurrency Prices on June 18: Bitcoin retests $37k as Fed taper concerns linger; Ether, Dogecoin slip 3%

The cryptocurrency market on Friday was broadly trading in the red, reeling from the Federal Reserve’s hawkish surprise to the investors. On Wednesday, Fed said it could raise interest rates by late 2023, earlier than what everyone expected. However, some remain optimist that Bitcoin may remain resilient, even as its…

Billionaire investor Paul Tudor Jones backs Bitcoin as hedge against inflation ahead of FOMC meet

Ahead of Federal Reserve’s Open Markets Committee (FOMC) meet outcome, billionaire hedge fund manager Paul Tudor Jones said investors should double down on defensive investments like cash, commodities, bitcoin. The billionaire who has invested two percent of his portfolio in Bitcoin touted the reliability of the…

Here are key stocks that moved the most on June 15

Indian shares rose to all-time highs on Tuesday led by gains in financials and FMCG stocks as investors await the outcome of the U.S. Federal Reserve’s policy meeting later this week. The Sensex ended 221 points higher at its new closing high of 52,773 while the Nifty rose 57 points to settle at its fresh…

Sensex, Nifty hit record highs as Asian peers gain; US Fed meeting in focus

Indian shares rose to all-time highs on Tuesday as gains in broader markets helped investors look past data that showed retail inflation hit a six-month-high, with the focus shifting to the outcome of the U.S. Federal Reserve’s policy meeting later this week. The blue-chip NSE Nifty 50 index rose 0.39% to…