Private sector banks are the best contrarian bet for the next 3 years, says S Naren
ICICI Prudential AMC CIO S Naren warned that rising leverage through derivatives and margin trading poses a bigger risk than any slowdown in mutual fund inflows. He sees private sector banks as attractive contrarian bets and remains optimistic on India’s debt market amid improving fundamentals.
US stocks: S&P 500, Nasdaq end up as tech, chipmakers rebound
U.S. stocks largely rose Monday, with the Nasdaq and chipmakers leading the gains as investors sought bargains after Friday’s selloff. Relief over Iran and Israel halting attacks also boosted sentiment. Despite Apple’s AI upgrades, its shares eased, while Intel surged on a reported Google order.
SpaceX IPO is said to be well oversubscribed, orders close Wednesday
SpaceX’s initial public offering is significantly oversubscribed, with demand building for a potentially record-setting debut. Banks are closing order books for institutional investors, with pricing expected June 11 and trading to commence the following day. The company is offering 555.6 million shares at $135 each, aiming to raise approximately $75 billion and valuing it at […]
Promoter entities sell Rs 153 crore worth shares in Motilal Oswal block deal; HDFC Life picks up stake
Two promoter-group charitable entities of Motilal Oswal Financial Services sold shares worth about Rs 153 crore through block deals, with HDFC Life acquiring the entire stake. The transaction reflects strong institutional interest in financial-sector stocks and does not indicate any change in promoter control.
Government to sell 3% stake in NLC India through OFS, sets floor price at Rs 303
The government has launched a two-day offer for sale in NLC India, aiming to divest up to 3% stake through a base offer and greenshoe option. The issue, priced at a discount to the market rate, could raise up to Rs 1,263 crore and forms part of the broader disinvestment programme.
Radhika Gupta reveals India’s next 3 wealth creation themes & why SIFs are the investment product of the decade
Radhika Gupta, Edelweiss Mutual Fund CEO, champions Specialised Investment Funds (SIFs) as a new product category offering lower market dependence and higher alpha. She highlighted India’s robust economic growth, driven by demographics, reforms, and financialisation. Gupta identified defence, energy, and premium consumption as key sectors poised for significant wealth creation over the next decade.
Dow Jones| Nasdaq | US Stock Market Today | Live: S&P 500, Nasdaq futures edge higher as chip stocks regain footing
Dow Jones Today | Nasdaq | S&P 500 Live Updates: S&P 500 and Nasdaq futures rose on Monday as chip stocks recovered from recent losses, though escalating tensions in the Middle East kept investor sentiment cautious. Shares of Nvidia, Broadcom and Micron Technology gained 1.7% to 3.7% in premarket trading after Friday’s sharp selloff erased […]
10 stocks crash up to 50% in just 100 days of US-Iran war. Do you own any?
The Indian stock market has witnessed a sharp correction since the Iran-US-Israel conflict escalated in late February, with the Nifty 50 falling over 7%. Several mid- and large-cap stocks have been hit hard, with some losing up to 50% of their value in just 100 days amid heightened uncertainty and sector-specific concerns.
FIIs cut stakes in 16 largecap stocks over two quarters; shares fell up to 40%
Foreign institutional investors reduced stakes across over 100 large-cap stocks in the past two quarters, with 13 names falling up to 40%. Despite the selling pressure, three stocks delivered strong gains. The data highlights divergence in market performance and signals that FII exits do not always dictate stock returns.
Rajesh Exports shares hit 5% lower circuit for third session on alleged Rs 15.15 lakh crore fraud
Rajesh Exports shares hit lower circuits for a third straight session after Sebi alleged massive revenue inflation and financial irregularities. The regulator barred promoter Rajesh Mehta from trading and flagged auditor lapses. The company denied wrongdoing, attributing discrepancies to accounting interpretation issues at subsidiary Valcambi SA.