Sensex marginally lower in early trade, Nifty below 24,700; FMCG cos drag
The benchmark S&P BSE Sensex opened 47.34 points or 0.06% lower at 81,661.78, while the broader Nifty 50 index opened at 24,669.75, lower by 8.05 points or 0.03%.
Fed’s dovish signals could drive further gains, but caution remains: Arvind Sanger
Well, so there are two competing narratives. One is the narrative on regulation and maybe even on taxes, clarity on greater confidence in taxes not going up. But on the other hand, and maybe some cutting in government spending, so those would be the positive parts of what the market will like.
ETMarkets Smart Talk: From AI to Renewables – Growth stocks theme to watch in 2025: Subhash Chand Aggarwal
This strength is underpinned by robust domestic demand, a sustained capex cycle, and relatively limited exposure to global shocks compared to developed markets.
Property Share Investment REIT IPO: Shares to debut today. Here’s what GMP indicates
Property Share Investment REIT IPO, focusing on the PropShare Platina scheme, is set to debut on BSE. The fully subscribed IPO targets a Bangalore office space leased to a US tech firm, with a projected 9% distribution yield in FY26. The investment manager will waive initial management fees and invest in the offering.
Oil prices mixed as rising Mideast tensions offset demand concerns
Oil prices experienced mixed movements as weak Chinese demand clashed with Middle East tensions following the Syrian rebels’ overthrow of President Assad. Brent crude futures dipped slightly, while US WTI crude futures saw a marginal increase. Concerns over a supply surplus loomed despite OPEC+’s decision to extend production cuts, with Saudi Aramco reducing prices for […]
Reverse flip in cart, Flipkart plans IPO delivery in 12-15 months
Flipkart, India’s leading e-commerce giant, is gearing up for a landmark IPO within the next 12-15 months. The Walmart-owned company has initiated the process by shifting its domicile to India, aiming for a public listing by late 2025 or early 2026.
Jane Street exercises Dalal Street options
Local popularity of the high-frequency trading (HFT) firm soared further after the New York-based entity, which trades multiple asset classes worth hundreds of billions of dollars, made a ₹4.3-crore job offer to a student from IIT Madras.
Religare’s Rashmi Saluja 7th highest-paid CEO at over ₹68 crore in FY24
Religare Enterprises Executive Chairperson Rashmi Saluja’s FY24 gross remuneration reached ₹68.86 crore, making her the third-highest paid BFSI leader and seventh overall in India. This includes ₹14.12 crore excluding ESOPs. Saluja’s reappointment vote is scheduled for December 31 amidst an ongoing control dispute with the Burman family, Religare’s largest shareholders.
Spectre of Trump spurs a final round of rate moves
The impending change in America will help cement a particularly unsynchronized phase in monetary policy, as various economies contend with different inflation risks.
Banks unlikely to offer higher deposit rates after CRR cut
Indian banks are unlikely to raise deposit rates further due to slowing credit growth and a recent cash reserve ratio cut. The influx of liquidity ensures sufficient funds for lending, stabilizing deposit rates near their peak. Any rate reduction hinges on the central bank lowering the benchmark repo rate, potentially triggered by easing inflation.