NSE’s mega IPO moves closer as SC approves Sebi settlement
In a pivotal decision, the Supreme Court has validated the National Stock Exchange’s settlement concerning the co-location and dark fibre matters. This marks a crucial step forward as the exchange readies for its initial public offering, expected to attract nearly thirty-one thousand crore rupees. Once completed, this IPO could become the second-largest in the nation, […]
Calcutta exchange’s unlisted shares double on revival hopes
Calcutta Stock Exchange shares have more than doubled in the unlisted market in three months as hopes of a revival gain momentum. The exchange is seeking to pause its voluntary exit process and explore opportunities across equities, derivatives, bonds, currencies and commodities, though any revival will require regulatory approvals and potential anchor investors.
Inox Wind shares rise 2% after bagging Rs 755 crore turnkey order from Indian Oil
Inox Wind shares rose nearly 2% after securing a ₹755-crore, 100 MW turnkey order from Indian Oil Corporation. The project includes turbine supply, EPC, execution and 10-year O&M services, strengthening its institutional customer base and integrated renewable energy capabilities. Despite the order, shares remain significantly lower in 2026.
IFCI shares rally over 16% in two days as NSE IPO draws closer
IFCI shares rallied over 16% in two sessions amid expectations that the long-delayed NSE IPO could be nearing launch. IFCI indirectly owns more than 4% of NSE through its stake in Stock Holding Corporation of India. SEBI has moved closer to approving NSE’s IPO after settling key regulatory cases, while the exchange seeks a valuation […]
HUDCO shares jump 4% after signing Rs 25,000 crore MoU with Bihar government for infrastructure development
HUDCO shares jumped nearly 4% after the company signed an MoU with the Government of Bihar to provide financial assistance of up to Rs 25,000 crore over five years for industrial infrastructure and land acquisition. The development comes after HUDCO signed another Rs 1 lakh crore MoU with Bihar in July for urban infrastructure projects.
Welspun Corp shares jump 6% after Jefferies initiates coverage with Buy rating. Should you invest?
Welspun Corp shares jumped nearly 6% after Jefferies initiated coverage with a Buy rating and a Rs 3,250 target price, implying 27% upside. The brokerage sees a multi-year upcycle in US and Saudi energy infrastructure spending, supported by Welspun’s capacity expansion, strong order book and growing overseas operations.
Lumino Industries shares soar 40% from IPO price after strong market debut. Should you buy or wait?
Lumino Industries shares extended their strong debut gains, rising another 4% after listing at a 34% premium to the IPO price. While analysts see attractive valuations, strong profitability and debt reduction as positives, fresh investors have been advised to wait for consolidation, while IPO allottees can consider partial profit booking and monitor key support levels.
Swiggy shares fall 2%, down for 3rd session, as MSCI set to remove stock from Global Standard Indexes from September 7
Shares of Swiggy experienced a decline following MSCI’s decision to exclude the company from global indexes, prompted by its shift to full Indian ownership and control. The new foreign ownership constraints limit further investments. Swiggy is targeting robust adjusted EBITDA growth by FY31, even as it reported a net loss while revenues showed an uptick […]
Sensex rises over 150 points, Nifty opens near 24,000 as US bonds yields slightly ease. Why is caution still warranted?
Indian stock markets opened higher on Thursday, with key indices showing gains. The Sensex rose nearly 155 points, reaching 76,725 on its weekly expiry day. Nifty 50 also gained over 83 points, beginning the session near 23,998. Broader markets followed suit, with midcap and smallcap indices experiencing upward movement. This positive start occurred after a […]
Power Grid shares gain 1.5% after firm wins Rs 3,244 crore inter-state transmission system project. Should you buy?
Shares of Power Grid experienced an uptick after the company secured an important transmission project aimed at facilitating power evacuation from Rajasthan. This endeavor will incorporate the establishment of HVDC terminals and a long-distance transmission line. Power Grid’s successful bid for this vital project reflects its strategic growth, amidst varying stock performance observed in recent […]