In a significant investment move, SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF collectively acquired a 4.12% stake in travel distribution firm TBO Tek through open market transactions on Friday. The total purchase was valued at ₹537 crore. Investment Breakdown According to bulk deal data, the three mutual fund houses purchased a…
March 21 (Reuters) – Canada’s main stock index, the S&P/TSX composite index, closed lower on Friday, giving back some of its weekly gains as concerns over U.S. trade tariffs resurfaced. The index dropped 91.75 points, or 0.4%, ending at 24,968.49. However, despite Friday’s dip, the index posted a 1.7% weekly gain, marking its biggest rise…
March 22 (Reuters) – European Union member states are advocating for flexibility in meeting gas storage targets over the next two years, as they seek to mitigate the financial strain caused by soaring market prices. A new provision, drafted by Poland, proposes allowing member states to deviate by up to 5 percentage points from the…
Auto major Samvardhana Motherson has announced a 50% interim dividend for eligible shareholders, putting the stock under the bulls’ radar in the upcoming trading sessions. The company has set March 28, 2025, as the record date for the dividend, meaning investors holding shares on March 27, 2025, will be eligible for a dividend payment of…
Despite early signs of recovery in the Indian stock market, foreign institutional investors (FIIs) have continued their selling spree in the first half of March. However, market analysts believe that the intensity of this sell-off is showing signs of easing, offering a glimmer of hope for domestic investors. With potential support from the U.S. Federal…
Indian equity markets opened in the red on Friday, breaking a four-day winning streak as concerns over discretionary spending in the U.S. weighed on IT stocks. The BSE Sensex slipped 114 points, or 0.15%, to 76,234, while the Nifty50 declined 14 points, or 0.06%, to 23,176 in early trade. The sharpest decline was seen in…
Investors seeking value opportunities in the Indian stock market may find promise in large-cap companies trading below their industry average Price-to-Earnings (PE) ratios. Such stocks are often considered undervalued, presenting potential for substantial returns. Notably, companies like Tata Consultancy Services (TCS) and State Bank of India (SBI) are among those identified with significant upside potential….
Foreign investors continued to offload Indian stocks in the first half of March, with information technology (IT) and consumer goods sectors bearing the brunt of the selling. The sell-off comes amid growing concerns over economic conditions in both the U.S. and India, leading to cautious sentiment among global investors. Foreign Portfolio Investors (FPIs) Exit in…
The Indian stock market is set for another eventful trading session on Thursday, March 20, 2025, with several key developments influencing market sentiment. Here’s a look at the stocks that are under the Futures & Options (F&O) ban and other major corporate updates to keep an eye on. Securities in F&O Ban on March 20,…
Shares of G R Infraprojects soared 11% in early trade on Wednesday, March 19, reaching ₹1,042, following the company’s announcement of securing a major order from the National Highways Authority of India (NHAI) for the Agra-Gwalior highway upgrade. Major Highway Project Win In an exchange filing on Tuesday, G R Infraprojects revealed that it had…