Microsoft CEO Satya Nadella-backed Groww to file for $800 million IPO
Groww’s parent, Billionbrains Garage Ventures, plans to file for a $650–800 million IPO in Mumbai, aiming at an $8 billion valuation, backed by Satya Nadella. If successful, Groww will surpass Angel One as India’s most valuable brokerage.
Inflows in Gold ETFs surge by 74% to Rs 2,189 crore in August. Here is why
Gold ETFs witnessed a surge in August, with inflows jumping 74% to ₹2,189 crore, driven by its appeal as a portfolio diversifier amid global uncertainties. Experts highlight gold’s role as a hedge against volatile equity markets and geopolitical tensions.
Waaree Energies shares snap 3-day rally, retreat 2% as investors lock in gains
Waaree Energies’ shares experienced a slight dip on Friday after a significant three-day rally, yet remain up nearly 30% over the last three months. The renewable energy firm’s market capitalization briefly exceeded ₹1 lakh crore, prompting profit-booking. This pullback follows strong Q1 FY26 results, with net profit jumping 89.1% to ₹745.20 crore, driven by growth […]
TCS, Infosys, Wipro see price targets slashed by Jefferies as AI shift clouds outlook
Jefferies has cut price targets for TCS, Infosys, Wipro, HCLTech, and Tech Mahindra amid AI-driven disruption and slow global tech spending. While preferring Coforge and HCLTech, the brokerage warns that large-cap IT valuations already reflect optimism, advising selective exposure amid near-term demand softness.
BSE shares jump 3% to break two-day losing streak amid Sebi board meet buzz
BSE shares experienced a surge, climbing as high as 2.7% following reports that Sebi’s board meeting wouldn’t address ending weekly F&O contract expiries. This news reversed an 8% stock decline triggered by speculation about a shift to monthly expiries. While Sebi considers longer-duration F&O contracts, any changes will involve industry consultation, aiming to balance market […]
Inflation and G-Sec yields remain the biggest risks for bond investors: Sandip Raichura
Amidst inflationary pressures and fluctuating G-Sec yields, bond investors should exercise caution. Sandip Raichura suggests a barbell approach, advising a mix of short-term, gilt, and corporate bond funds to navigate evolving interest rate dynamics. He also highlights the potential of fixed income as a hedge during volatile market phases.
Fund Manager Talk | Why V Srivatsa is cutting back on financials in UTI Large & Mid Cap Fund
V. Srivatsa of UTI AMC is strategically reducing exposure to financial services within the UTI Large & Mid Cap Fund due to rising valuations. While maintaining a focus on stability and growth, the fund is selectively diversifying into other sectors.
Wall Street indexes post record-high closes; Tesla and Micron rally
Wall Street’s main indexes achieved record-high closes, propelled by gains in Tesla and Micron Technology. U.S. inflation and jobless data have strengthened expectations for a Federal Reserve interest rate cut this month. The S&P 500, Nasdaq, and Dow all reached new peaks, with materials and healthcare sectors leading the gains.
Austere Systems IPO listing today. GMP hints at robust gains
Austere Systems’ IPO received massive subscription. The shares are ready to debut on the Bombay Stock Exchange SME platform this Friday. The IPO was booked 1,077 times. It is one of the most sought-after small-cap issues. The IPO will fund capital expenditure and general corporate purposes.
Asian shares join global equity rally on tame US inflation data
Asian markets saw gains following positive US economic data. Inflation remained calm and job numbers cooled. This increased the likelihood of Federal Reserve interest rate cuts soon. Tech companies like Microsoft and Adobe showed positive movement. Investors are watching Alibaba’s Hong Kong shares. Oil prices declined due to market concerns. The US job market is […]