Easing of IPO rules likely to pave way for a Reliance Jio listing: Citi
Sebi may ease IPO rules for mega companies. This could help Reliance Jio’s stock market debut. New rules could lower the required share float. Citi believes this reduces market supply concerns. Jio may only need a 2.5% float. Reliance’s annual meeting is on August 29. Investors await Jio listing updates. The move aims to prevent […]
Rupee gains 40 paise, surges above 87/$ as GST reforms lift mood
The Indian rupee surged to its highest level in August, surpassing 87 against the dollar, fueled by optimism surrounding indirect-tax reforms and a significant drop in crude oil prices. A sovereign ratings upgrade, the first since the global financial crisis, further bolstered the rupee, closing at 86.9550/$. Positive sentiment was driven by growth-oriented policies and […]
Foreign equity holdings by mutual funds increase by Rs 3,100 crore in July
Indian mutual funds raised foreign equity holdings by Rs 3,101 crore in July to Rs 51,705 crore, led by PPFAS, ICICI Prudential, Motilal Oswal and others.
10 midcap stocks recorded huge profit growth in June quarter
Top NSE midcap stocks posted stellar profit growth in Q1FY26, with Laurus Labs, Hitachi Energy India, SAIL, HPCL, Escorts Kubota, and Dalmia Bharat delivering YoY net profit surges above 100%, signaling strong earnings momentum.
Kissht operator OnEMI Technology Solutions files IPO papers with Sebi to raise Rs 1,000 crore from fresh issue
OnEMI Technology Solutions, which operates India’s digital lending platform Kissht, has filed draft papers with market regulator Sebi seeking its approval to raise funds through an initial public offering (IPO).
Gaming stocks rise up to 8% on cabinet nod to online gaming bill. Delta Corp top gainer
Gaming stocks surged with Delta Corp leading 8% gains after reports of cabinet approval of the Online Gaming Bill. OnMobile rose nearly 4% and Nazara inched 0.5% higher. The bill seeks regulation and tighter controls on online betting . It also aims to formalise the industry, making online betting a punishable offence amid rising cases […]
ETFs own 67 tonnes of gold as holdings rise by 42% YoY
India’s gold ETF holdings surged 42% YoY to 66.68 tonnes with AUM up 88% to Rs 64,777 crore, driven by Gen Z, fractional ownership, and fintech adoption. Global demand rose 3%, central banks boosted reserves, and Ventura projects COMEX Gold at $3,600 in 2025 amid geopolitical and economic uncertainty.
Customer trust and referrals drive Zerodha, not incentives: Nithin Kamath
Zerodha’s growth has been driven by customer referrals and word-of-mouth publicity instead of advertising, says Founder and CEO Nithin Kamath as he explains how despite regulatory changes ending referral incentives, referrals remain steady for the discount broker. This is a testimony to customer trust and loyalty for the platform, he adds.
60-70% of market remains overvalued, but growth themes provide opportunities: Manish Gunwani
Manish Gunwani of Bandhan AMC suggests indirect investment routes like financials and internet platforms for consumer discretionary exposure, citing valuation concerns in staples and uncertainties in the auto sector. While optimistic about sectors like semiconductors and defence, he cautions against high valuations.
2 top stock recommendations from Rajesh Palviya
Rajesh Palviya from Axis Securities anticipates Nifty potentially reaching 25,000, fueled by positive market sentiment and Prime Minister’s announcement. He highlights the shift in put-call ratios and strong performance in midcap, smallcap, and sectors like automobile and oil & gas. Palviya recommends Mahindra & Mahindra with a target of 3,480 and Avenue Supermarts (DMart) with […]