Firms postpone D-Street debut as uncertainty clouds market outlook
Dozens of companies are delaying IPO plans due to volatile investor sentiment and geopolitical concerns, impacting market valuations. While the year began strong, a recent slowdown has seen a significant drop in new listings. Experts anticipate a market pickup in June, contingent on global stability and a resolution of valuation mismatches between issuers and investors.
Global Market Today: Asian shares hold near eight-week high
Asian stocks remain near recent peaks. Investors are watching developments in the Middle East. Central bank policy announcements are also on the horizon. Major technology companies are set to release their earnings reports. These results could significantly influence global markets. Crude oil prices have seen a slight decrease.
Axis Bank slips despite ‘Buys’ as provisions cast a shadow
Axis Bank shares fell 3% despite analysts maintaining a positive outlook, with 94% recommending ‘Buy’. The bank’s loan growth was strong, but provisions for the West Asia conflict rose significantly, impacting performance. Management’s cautious approach to strengthening provisions, while improving asset quality, led to higher credit costs.
Markets rise as Iran crisis stays in limbo
Indian stock markets ended a three-day losing streak with a gain of 0.8 percent on Monday. This rise followed positive movements in Asian markets. Investors showed buying interest in heavyweights like Reliance Industries and Sun Pharmaceuticals. All sectoral indices closed higher. The India VIX volatility index saw a decrease. Foreign portfolio investors sold shares, while […]
Kotak AMC moves SC over SAT ruling in Essel case
Kotak Mahindra Asset Management Co. has approached the Supreme Court challenging a Securities Appellate Tribunal order that upheld SEBI’s findings against it regarding investments made by six fixed maturity plans in Essel Group companies. The tribunal had previously confirmed SEBI’s penalties for regulatory lapses and delayed payouts, though it set aside a fee disgorgement order.
REITs, InvITs beat equities and debt in a six-year span
Alternative assets like REITs and InvITs have surpassed traditional investments. These instruments offer attractive returns and tax efficiency. Investors are increasingly drawn to these assets for predictable cash flows. The market cap of these listed entities provides ample diversification opportunities. Investors can anticipate strong internal rates of return over a four-year holding period.
US stocks: S&P 500, Nasdaq, close slightly up in cautious start to a heavy earnings week
U.S. stocks saw modest gains as the S&P 500 and Nasdaq eked out small increases in muted trading. Investors are digesting recent record highs and anticipating a busy week with earnings reports, economic data, and the Federal Reserve’s rate decision. Geopolitical tensions in the Middle East also remain a concern.
Trent announces record date for its 1:2 bonus issue. Check details
Trent has set May 29, 2026, as the record date for its inaugural bonus share issue, offering one bonus share for every two held. This move, subject to approvals, aims to capitalize on share premium reserves. The company also reported strong Q4 FY26 financial results with a 26% net profit increase.
General Atlantic-backed Indian insurer Acko eyes up to $2.5 billion valuation in IPO, sources say
India’s Acko Insurance is targeting a valuation of between $2 billion and $2.5 billion in its planned initial public offering and is eyeing a listing in early 2027, two people familiar with the matter said.
Adani Total Gas Q4 Results: Cons PAT grows 9% YoY to Rs 168 crore; revenue up 17%
Adani Total Gas reported modest profit growth in Q4FY26, supported by higher volumes and revenue expansion. Rising gas costs and reduced APM allocation impacted margins, while the company maintained growth through calibrated pricing, diversified sourcing, and continued infrastructure expansion initiatives.