Cochin Shipyard, Mazagon, HAL slip up to 4% as defence stocks retreat after last week’s rally cools
Shares of Mazagon Dock fell 4.2% to Rs 3,377.40 on the BSE, while Cochin Shipyard slipped 3.7% to Rs 1,960.05. HAL declined by up to 3% to Rs 4,972.10, and GRSE dropped 4.4% to Rs 2,372.20. This pullback comes after a strong rally last week, during which all four stocks recorded double-digit gains — with […]
Global risks loom, but India stands tall amidst Asia’s volatile recovery: Geoff Dennis
India, of course, we hope they get a trade deal with the US, whatever that means, but India is less vulnerable to pressure on the tariff front than are some of these other markets. And I agree with Rajat in terms of the domestic drivers to the economy looks pretty good.
Virtual Galaxy Infotech shares list at 27% premium on NSE SME platform
Virtual Galaxy Infotech shares debuted on the NSE SME platform with a 26.76% premium, listing at Rs 180. The IPO, priced at Rs 142, was oversubscribed 200 times, driven by non-institutional interest. Proceeds will fund expansion, debt repayment, and product enhancement.
Small and midcaps rebound not driven by fundamentals, but surplus cash: S Naren
You have to see FMCG sector doing well. You have to see two-wheeler sector doing much better. You have to see the entry-level car markets doing much better. So, we would love to see many parts of the economy do much better than asset prices just going up because of extremely good liquidity improvement thanks […]
Positive Breakout: These 6 stocks cross above their 200 DMAs
In the Nifty200 pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 16, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Some Chinese companies eye Singapore listings to expand markets amid trade war
Amidst global trade tensions, at least five companies from mainland China and Hong Kong are planning IPOs, dual listings, or share placements in Singapore within the next 12 to 18 months. This move aims to expand their presence in Southeast Asia, potentially boosting the Singapore Exchange.
Gold rises as dollar slips, Trump tariff threats fuel safe-haven demand
Gold prices surged over 1% on Monday, fueled by a weaker dollar and renewed trade tensions sparked by U.S. Treasury Secretary Scott Bessent’s reaffirmation of President Trump’s tariff threats. Spot gold reached $3,247.40 an ounce, while U.S. gold futures hit $3,251.90.
Wall Street futures, dollar ease in wake of credit blow
U.S. Treasury Secretary Scott Bessent used television interviews on Sunday to dismiss the downgrade, while warning trade partners they would be hit with maximum tariffs if they did not offer deals in “good faith”.
Shapoorji Pallonji asks RBI for three-year relief on Sterling Capital rules
Shapoorji Pallonji Group seeks a three-year extension from the RBI for its Sterling Investment Corp to meet stricter capital adequacy norms after being reclassified as a mid-layer NBFC. This request is linked to a recent ₹28,500 crore fundraising backed by Sterling’s Tata Sons stake.
Non-banking lenders opting for overseas funds
“As long as the Mumbai Interbank Forward Offer Rate (MIFOR) conditions are favourable, I think it will be conducive for NBFCs to raise dollar funding,” said Anudeep Ganguli, chief treasury officer, Credit Saison India. “Not too many banks have reduced their MCLR, so until that happens, ECB will still be in favour with NBFCs. Even […]