BSE IPO index surges 35% in five months of FY27, hits record high on strong listings
The BSE IPO index reached an all-time high, surging 35% in five months. Its SME counterpart also jumped 55%, marking a strong performance for recent listings. These gains significantly outpaced the broader market indices like Sensex and Nifty. However, the rally was concentrated, with a few stocks driving most of the gains. Retail and HNI […]
Pre-market action: Here’s the trade setup for today’s session
Indian benchmark indices opened flat and remained under pressure throughout the session. Analysts suggest the Nifty’s immediate bias remains down, targeting key support levels. The India VIX, a fear gauge, rose significantly, indicating market anxiety. Foreign portfolio investors and domestic institutional investors were net buyers on Monday. The Indian rupee traded in a narrow range […]
Fairfax plans IIFL Finance exit to fund IDBI Bank bid
Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of the state-owned lender. Fairfax intends to merge CSB Bank with IDBI Bank after completing the acquisition. This move aims to simplify lending interests and avoid business overlaps. The deal is […]
Indian firms line up $7.7 billion in ECB proposals in July
Indian companies filed proposals worth $7.70 billion for external commercial borrowings in July. This represented a significant 27% growth over the previous month’s figures. The Reserve Bank of India had eased its borrowing framework earlier in February. Air India and Interglobe Aviation together filed proposals worth $780 million. These companies sought special permissions from the […]
Gold loans, consumer durables drive NBFC credit growth to 14.9% in July
Non-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year’s 10.6 percent expansion. Gold loans surged 68.5 percent and consumer durable loans grew 51.5 percent. Retail loans within NBFCs increased 21.4 percent, showing strong performance. Housing and vehicle loans also recorded significant year-on-year growth.
ESDS rally sparks 5.19% NAV jump in Motilal Oswal Digital India Fund
A recent IPO listing significantly boosted the Motilal Oswal Digital India Fund’s net asset value. ESDS Software’s stock more than doubled on its market debut, contributing to the fund’s gain. This sharp rise in the fund’s NAV is considered rare for diversified equity schemes. The fund manager noted the strong performance of an anchor allocation […]
Sebi’s new ETF rules apply today: What changes from September 7 and how they impact investors?
Sebi’s revised ETF trading rules have come into effect from September 7, changing how price bands and reference prices are determined. The new framework introduces dynamic price bands based on underlying assets and a pre-open auction for gold and silver ETFs, aiming to improve price discovery and reduce premiums or discounts to NAV.
Sebi extends deadline for angel funds to comply with accredited investor mandate
SEBI has extended the accredited investor compliance deadline for existing Angel Funds to March 31, 2027. During the transition, these funds cannot offer investment opportunities to more than 200 non-accredited investors, while newer funds remain restricted to accredited investors.
Sebi eases compliance norms for FPIs investing only in government securities
Sebi has eased compliance requirements for FPIs investing exclusively in government securities, removing the need to furnish investor group details. The move follows the RBI’s decision to withdraw concentration limits for such FPIs under the General Route.
FIIs raise stakes in 9 midcap stocks for four straight quarters; shares surge up to 70% in a year
Over the four quarters through June 2026, FIIs steadily increased their holdings in around 15 BSE midcap stocks