Indus Towers shares drop 5% to 52-week low amid investor concerns over Africa entry
Indus Towers shares fell 5% to a 52-week low after the board approved a strategic international expansion into Nigeria, Uganda, and Zambia. While the move aligns with the government’s push for global growth, investors appeared cautious due to risks like regulatory hurdles, geopolitical instability, and cost pressures. The plan leverages Indus’s ties with Bharti Airtel […]
TBO Tek shares surge 12% after $125 million Classic Vacations acquisition
TBO Tek shares jumped 11.61% to Rs 1,541.30 on NSE after announcing the acquisition of US-based Classic Vacations for up to $125 million. This strategic move will boost TBO Tek’s global footprint in the luxury travel market, combining advanced technology with Classic Vacations’ established luxury travel network and five decades of industry experience.
Mukul Agrawal, Ashish Kacholia-backed Vikran Engineering shares rise 5% from IPO price. Time to cash out or double down?
Vikran Engineering’s shares rose about 5% on debut, listing slightly above its Rs 97 IPO price in a Rs 772-crore offering backed by investors Mukul Agrawal and Ashish Kacholia. Despite strong subscription and a robust order book, gains fell short of grey market expectations. Analysts recommend holding for long-term growth supported by government infrastructure spending […]
Positive Breakout: These 8 stocks close cross above their 200 DMAs
In the Nifty200 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on September 2,2025, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced […]
ETMarkets Smart Talk: FIIs rotating to midcaps shows smart money chasing growth, says Aamar Deo Singh of Angel One
Aamar Deo Singh from Angel One highlights the market rally fueled by GST reforms and potential US Fed rate cuts. FIIs are shifting from largecaps to mid and smallcaps, targeting growth sectors like consumer discretionary and financials. Emerging themes such as AI, data centers, and semiconductors present long-term wealth creation opportunities in India.
Sterling, yen dragged by fiscal and political worries
The British pound and yen faced pressure amid global fiscal concerns and Japanese political uncertainty. UK’s borrowing costs surged, impacting sterling, while Japan’s yen weakened following a ruling party official’s resignation announcement. This boosted the dollar against other currencies. Investors are also closely monitoring upcoming U.S.
Oil prices hold on to gains from US sanctions
Oil prices are stable in Asian trading. The market is awaiting the OPEC+ meeting. U.S. imposed sanctions on companies smuggling Iranian oil. U.S. crude oil stockpiles are expected to fall. Economic data is soft. China is holding a military parade. Xi Jinping, Vladimir Putin and Kim Jong Un are attending. China is challenging the U.S. […]
How will Sebi’s new intraday limits impact equity index derivatives?
Sebi is tightening intraday position limits in equity index derivatives starting October 1, aiming to curb volatility and potential market manipulation, especially on expiry days. The new framework sets a ₹5,000 crore intraday net futures-equivalent position limit in index options, down from the existing ₹1,500 crore end-of-day cap.
Jana, Ujjivan may sidestep promoter ring-fencing in universal bank shift
Experts suggest Jana SFB and Ujjivan SFB may bypass the promoter ring-fencing requirement for universal bank licenses, unlike AU SFB. Jana already has a listed holding company, while Ujjivan is fully publicly held after a reverse merger. This transition offers benefits like reduced capital adequacy and priority sector lending targets, enhancing their branding and deposit […]
Gold loans lead surge in consumption portfolio: Reports
Indian borrowers are increasingly seeking larger loans, fueled by easier retail credit access from public sector banks and NBFCs, while private banks exercise caution. Gold loans surge due to high prices, led by public sector banks in value and NBFCs in small-ticket lending. Home loans see public sector banks expanding market share with big-ticket loans.