Concurrent Gainers: Adani Ent, M&M among 11 stocks that gained for 5 days in a row
In the five trading sessions leading up to September 27, the Sensex index rose about 1.2%, closing at 85,572, with three of those sessions showing gains.. In this weekly rally, ETMarkets identified that 11 stocks from the BSE100 pack showed consistent price increases during this timeframe. (Data Source: ACE Equity)
Rs 40 trillion opportunity! India’s power sector set for multi-decade boom; Tata Power, Power Grid top bets
Power demand in India is expected to grow at a faster rate, with a 7% CAGR over the next decade, driven by a robust economic outlook, urbanization, and new demand drivers such as electric vehicles (EVs), data centres, and the electrification of energy needs.
These equity mutual fund categories gave over 50% return in one year
Around six mutual fund categories gave over 50% return in the last one year. Out of 6 categories, 4 were sectoral and thematic funds. (Source: ACE MF)
5 equity mutual funds offer over 15% return in three months
Around 5 equity mutual funds have offered over 15% return in the last three months. Out of these five schemes, four schemes were from Motilal Oswal Mutual Fund. (Source: ACE MF)
62 BSE500 stocks gave double-digit returns in September as market scales record highs. What’s next?
Benchmark Sensex rose 1.22% in September, as many as 62 stocks on BSE 500 clocked double-digit gains of up to 35%. Among these, about seven of them offered over 25% returns to investors during the month.
Wall Street Week Ahead: Jobs data to test US stock market’s soft-landing hopes
Investor hopes for a soft landing for the U.S. economy will be tested next week with the release of key labor market data. The S&P 500 index is up 20% year-to-date, driven by rate cuts and hopes of controlled inflation. The upcoming jobs report could influence future Federal Reserve decisions.
Dow closes at record high as tame inflation report also lifts small caps
“The market at this point..(is) pretty much pricing in a soft landing, and pricing in that we have defeated inflation, and that the Fed will be able to lower rates without causing a bunch of harm to the economy”, said Liz Young Thomas, head of investment strategy at SoFi in New York.
IPO wave sparks unprecedented demand for capital market lawyers
The recent surge in IPOs has created a high demand for capital market specialist lawyers, leading law firms to aggressively hire at partner levels. This increased demand has also driven up the cost of hiring legal advisors for IPOs, which has doubled in the last three years.
Swiggy IPO: Prosus may pocket $500 million; founders snag $36 million via secondaries
Swiggy’s largest investor, Prosus, plans to offload a 5% stake in the company’s upcoming IPO, potentially realizing over $500 million. Other investors like Elevation Capital and Accel will also sell parts of their stakes. Swiggy aims to raise up to $448 million through fresh shares.
IDFC to merge with IDFC FIRST Bank, effective October 1
IDFC Ltd will merge into IDFC First Bank effective October 1, following approval from the National Company Law Tribunal. The merger will dissolve IDFC financial holdings and simplify the corporate structure. IDFC First Bank will issue new equity shares and address accumulated losses, potentially enabling future dividend payments.