Can defence and real estate continue to be flavour of the market? Rajat Sharma answers
Rajat Sharma of Sana Securities advises caution on defence and real estate due to high valuations, despite positive market sentiment. He expresses concerns about real estate balance sheets and the unsustainability of current valuations. Sharma favours ITC and alcohol stocks within the FMCG sector, highlighting their resilience against quick commerce and attractive valuations.
Astonea Labs IPO allotment: Here’s how to check status, listing details and what GMP signals
Astonea Labs’ IPO allotment is expected to be finalized today, with shares potentially credited to successful bidders by June 2 and listing on June 3. The IPO saw a subscription of 1.79 times, driven by NII interest, but QIB participation was weak. The grey market premium is currently zero, suggesting a listing around the issue […]
Rare earth magnet bottleneck threatens Bajaj Auto’s EV output; Q4 profit rises 6% amid strong domestic demand
Bajaj Auto is facing potential electric scooter production disruptions starting in July due to China’s restrictions on rare earth magnet exports, a critical component for EV motors. Despite submitting numerous applications, no clearances have been received, raising concerns about meeting production targets.
Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders
Shareholders are selling company stakes. This follows a stock market recovery. Over ₹50,000 crore in shares have been sold this month. Deals involve companies like ITC, Bharti Airtel and IndiGo. Experts believe this trend will continue. Positive market sentiment and easing global concerns are driving the sales. Several companies are planning to raise funds soon.
Asian stocks set for weak start as US gains fade
US equity-index futures slipped 0.2% after the S&P 500 Index trimmed most of an advance that earlier approached 1%. Contracts for Australia, Japan and Hong Kong pointed to a loss. The dollar was steady in early trading Friday after a gauge of the currency’s strength weakened 0.4%.
LIC invests Rs 5,000 crore in Adani Ports NCD
Life Insurance Corporation of India invested in Adani Ports. LIC purchased ₹5,000-crore non-convertible debentures. This investment supports Adani Ports’ plan to refinance debt. The company aims for longer-term borrowings at lower rates. The 15-year bond has a 7.75% coupon. Adani Ports will use the funds for capital expenditure. Refinancing existing debt is another purpose.
Trump meets Powell to discuss interest rates and economic outlook
President Trump met with Fed Chair Jerome Powell to discuss the economy, though interest rates weren’t a focal point, according to the Fed. Trump reportedly told Powell that he believed not lowering interest rates was a “mistake,” despite the Fed’s commitment to objective, non-political analysis. This meeting, initiated by Trump, occurs amidst his public criticism […]
Sebi unveils new rules to enhance oversight in equity derivatives market
SEBI is set to overhaul equity derivatives market regulations, introducing a delta-based open interest calculation to replace the notional value method. Position limits for single-stock derivatives will be linked to cash market liquidity to curb manipulation, especially during F&O ban periods.
Fed’s Austan Goolsbee sees lower interest rates if tariffs fade away
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, suggested that resolving trade policy uncertainties could steer the US economy back to its pre-tariff path. This shift, he noted, might enable officials to reduce interest rates. Goolsbee emphasized the potential for a strong economy with full employment and targeted inflation if trade-related disruptions are […]
Jetking Infotrain invests in Bitcoin: A bold move in India’s crypto landscape
Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised ₹6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at ₹13.6 crore.