Reliance Infrastructure, Reliance Power shares rally over 10% in 2 days. Here’s what moved the Anil Ambani stocks
Reliance Infrastructure and Reliance Power shares surged over 10% in two days after project wins boosted sentiment. Reliance Infra bagged an NHPC solar-plus-BESS project, while Reliance Power entered a Bhutan JV, strengthening their clean energy pipeline to over 3 GW solar and 3.5 GWh storage.
Why Citadel Securities is hiring options trader in India post Jane Street saga
Citadel Securities is expanding its Indian operations by hiring options trader Prajual Maheshwari, signaling confidence in the South Asian market despite recent regulatory scrutiny. The firm aims to recruit more traders and senior staff for its Gurugram office, which already handles cash equities and derivatives.
Powell likely to play ‘Owl,’ watch data at Jackson Hole: Ed Yardeni
Ed Yardeni anticipates Fed Chair Jerome Powell to adopt a wait-and-see approach at the Jackson Hole Symposium. Upcoming inflation and payroll data will influence the Fed’s decision on rate cuts. Yardeni believes inflation is stickier than perceived. He foresees a potential market dip in August-September, followed by a year-end rally. He projects the S&P 500 […]
Regaal Resources shares list at 39% premium over IPO price
Regaal Resources made a stellar debut, listing with a 39% premium after its IPO was oversubscribed 150 times. The company’s strong financial performance, with a 53% revenue increase and doubled profits, fueled investor interest. The maize starch manufacturer’s IPO saw robust demand across all investor categories.
GST boost may aid leisure, F&B but content is key driver: Anand Tandon
Corporate hospitals are growing in big and smaller cities. Diagnostics is consolidating with stringent quality norms. Pharma faces US market challenges but is steady elsewhere. Cotton import duty suspension is unlikely to boost textile exports significantly. Textile margins are thin, and US consumer demand may weaken. Rising inflation and tariff issues pose challenges for the […]
Corporate bond re-rating to be gradual but meaningful; high-grade issuers may move closer to AAA: Saurav Ghosh of Jiraaf
Following the sovereign rating upgrade, India’s corporate bond market anticipates a gradual repricing, benefiting high-grade issuers like financial institutions and infrastructure firms through reduced borrowing costs. While the RBI’s policy remains steady, potential rate cuts in FY26 could further influence fixed income strategies.
Sovereign upgrade, index flows and GST reform create a strong bond market backdrop: Chirag Doshi, LGT Wealth India
India’s bond market is poised for growth, fueled by S&P’s sovereign rating upgrade and anticipated index inclusions. This positive momentum, along with potential GST reforms, is expected to lower yields and attract foreign investment. Experts suggest banks, top-tier NBFCs, and infrastructure financiers will likely benefit from these favorable conditions.
Mahendra Realtors IPO listing today. GMP signals flat debut
Mahendra Realtors and Infrastructure is set to debut on the NSE SME platform on Wednesday, following a Rs 49.45 crore IPO that was oversubscribed 25.15 times. Despite strong investor demand, the stock shows no grey market premium, suggesting a flat listing at Rs 85 per share.
Last day to buy shares of Dev Information Technology for 5:2 stock split eligibility. Check details
Investors interested in Dev Information Technology’s stock split should buy shares today. August 21 is the record date. The company announced a 5:2 stock split, reducing the face value. This makes shares more affordable and increases liquidity. Buying shares tomorrow won’t qualify for the split. Stock splits attract retail investors and boost trading volumes.
Asian shares, Nasdaq futures fall after tech slide
Asian equities declined following Wall Street’s tech selloff, triggered by Nvidia’s slump and concerns over an overextended rally. Investors are reducing tech positions amid worries the rally has moved too fast, with attention shifting to Jerome Powell’s upcoming speech at Jackson Hole.