In the large-cap segment, funds attracted net inflows of ₹2,067.48 crore in June, up from ₹1,592.93 crore in May. Funds were net buyers of 56 per cent of the Nifty 50 stocks. Mutual fund stock picks: As investors poured more money into mutual funds, wealth managers stepped up purchases of stocks, particularly in private…
The Sensex ended 791 points, or 1.04%, higher at 76,991.22, while the Nifty 50 settled at 24,021.65, up 198 points, or 0.83%. The Nifty Midcap 100 and Smallcap 100 indices rose by 0.10% and 0.39%, respectively. Stock market today: The Indian stock market witnessed solid buying interest on Wednesday, 24 June, with frontline equity…
Adani is in talks with the L&T group for the construction of a nuclear power plant as it finalises possible sites for the atomic projects. The Adani Group is partnering with the L&T Group for its nuclear power projects as it zeroes in on multiple sites for setting up atomic power plants. L&T…
Sebi proposes wider auction bands and stricter norms for IPOs and re-listed stocks to improve price discovery and curb distorted trading Market regulator Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and re-listed stocks during the pre-open call auction session. Under the proposed…
Vodafone Idea expects to close talks with an SBI-led consortium soon after promoter equity infusion and AGR relief improved its financial position Vodafone Idea’s top management is confident of closing the ongoing talks with a consortium of banks led by the State Bank of India (SBI) following the decision by promoters to infuse equity…
DMart is unlikely to see meaningful same-store sales growth improvement, except for seasonal fluctuations and possible price hikes by brands, given the competitive intensity in the sector Emkay Global has initiated coverage on Avenue Supermarts, operating as DMart, with a ‘Sell’ rating, citing concerns over limited total addressable market (TAM) expansion, rising competition from quick…