Latest business news
IPO lock-in expiry: A total of 61 companies are slated to have their pre-listing shareholder lock-ins lifted between May 28, 2025 and September 22, 2025, which could potentially free up shares amounting to $21 billion, according to a report by domestic brokerage Nuvama Alternative & Quantitative Research. Some of the key companies that will witness…
Multibagger Stock: Indian brokerage firm Anand Rathi Investment Services has picked Tata Investment Corporation, as they estimate a 12.3 per cent upside for the Tata Group stocks in the upcoming one to three months’ time. According to the brokerage, the company’s shares have been consolidating in the broad range for the last five to six…
India’s benchmark Nifty 50 index surged past the key 25,000 mark on Thursday, notching its highest close in seven months amid signs of easing geopolitical tensions. The rally coincided with the weekly derivatives expiry, pushing volume turnover on the National Stock Exchange to ₹1.28 trillion—the highest since 27 March’s ₹1.5 trillion mark. Besides, potential short…
Shares of Aayush Wellness have been on a stellar run, rallying circuit-to-circuit over recent weeks and generating eye-popping returns for investors. The small-cap preventive healthcare company’s stock has surged nearly 70 percent in the past three months, riding on a mix of aggressive expansion, product innovation, and strategic corporate actions like a stock split and…
Gold’s retail demand in India rose due to Akshaya Tritiya, dealers say Chinese markets closed for Labour Day holiday from May 1-5 Premiums of $2-$2.50/oz charged in Singapore this week By Rajendra Jadhav and Anushree Mukherjee May 2 (Reuters) – Gold started trading in premium in India this week for the first time in five…
May 2 – Gold prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered safe-haven demand, while the market’s focus shifted to the U.S. non-farm payrolls report, due later in the day. * Spot gold was steady at $3,240.34 an ounce as of 0020 GMT….
Stock market outlook: “Sell in May and go away” — the old stock market adage is once again under the spotlight as the month of May kicks off. With the Indian stock market benchmark index Sensex posting a robust 9% gain over the past two months, investors are wondering: Does the saying still hold water…
The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales. On the last trading day of the month, the local unit touched its year-to-date high and closed at 84.4875 against the…
IT stocks today: Domestic information technology (IT) stocks rebounded sharply in Wednesday’s trading session. HCL Tech’s share price ended the day up 7.7% at ₹1,594 apiece, while Wipro’s share price gained 4%, and Infosys’ share price rose 3.7%. All 10 constituents of the Nifty IT index closed in the green, driving the index up by…
Multibagger stock: An SME stock that listed just nine months ago has delivered a stunning 250% return to its IPO allottees, emerging as a multibagger in a short span of time. The stock in question is Sathlokhar Synergys E&C Global Limited, which got listed on the NSE SME platform in August 2024. The company’s SME…