FPIs incessant selling continues; withdraw Rs 64,000 cr from equities in Jan
The exodus of FPIs from the Indian equity markets continues unabated, as they withdrew Rs 64,156 crore (USD 7.44 billion) this month so far on depreciation of the rupee, rise in the US bond yields and expectation of a tepid earning season.
Malpani Pipes and Fittings SME IPO to open on January 29, Price band set at Rs 85-90 per share
The shares for the Malpani Pipes and Fittings IPO are expected to be allotted on Monday, February 3, 2025, and will be credited to the demat accounts of the allottees on Tuesday, February 4, 2025. The IPO allocation includes 50% of the net issue for Qualified Institutional Buyers (QIB), 35% for retail investors, and 15% […]
Four of 10 most valued firms lose Rs 1.25 lakh cr in market valuation; Reliance biggest laggard
The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors’ sentiment at Dalal Street.
Substantial capex hike unlikely in Budget: HDFC Securities CEO Dhiraj Relli
India’s real GDP growth is expected to slow to 6.4% in FY24-25, down from 8.2% in FY23-24, due to weaker urban demand and reduced investment activity. The central government is likely to fall short of its capital expenditure target by around Rs 1.4 trillion this fiscal year, leading to a projected budget deficit of 4.8% […]