Mumbai: Fast-moving consumer goods (FMCG) shares saw the highest selling by foreign investors in the second-half of March. Foreign funds dumped shares worth ₹4,939 crore in the sector after buying worth ₹11,180 crore during the first-half of the month as per data from National Securities Depository Ltd (NSDL). The sector witnessed outflows worth ₹4,472 crore …
NEW YORK: U.S. stocks fell on Friday, led by technology-related megacaps that have propelled this year’s rally, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting. Traders have reined in bets of a June rate cut by the Fed after this week’s hotter-than-expected inflation data. Shares of Adobe dropped 13.7%, …
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed …
Foreign institutional investors turned net buyers of equities in the week ended February 23, and the strong inflows drove benchmark indices to record highs. Foreign portfolio investors net bought Indian equities worth Rs 4,398 crore last week, according to NSDL data. This is against them selling shares worth over 2,500 crore in the preceding week. …
At the time of my father’s demise, I was unaware of the treasure he left behind. From 1970 to 1978, he purchased 420 shares of ITC Ltd, which became 173,880 shares over the last 35-40 years because of corporate actions such as bonuses and share splits. In 2017, these shares were valued at around ₹6.5 …
Meta Platforms Inc. shares closed at their first record high in more than two years on Friday, as the Facebook parent fully recovers from a selloff that at one point had erased more than three-fourths of its value. The stock rose about 2% to $383.45, surpassing an all-time high that has stood since September 2021. …
Jamshedpur-based Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore …
State-owned Punjab National Bank (PNB) shares jumped over 6% to Rs 74.1 in Friday’s trade on BSE after the PSU bank’s standalone net profit surged multifold to Rs 1,756 crore during the quarter ended September 2023. The profit growth was 327% from Rs 411 crore reported in the same quarter last year. Its net interest …
Mumbai: A market indicator is suggesting that the rally in small-cap stocks since March might be nearing its end. The Sensex to BSE Small-cap index ratio has plunged to a 15-year low of 1.7, last seen at the peak of the rally in smaller shares in 2018. Small-cap stocks have underperformed blue chips whenever the …
I recently sold a property owned jointly by my mother-in-law, my wife and me. The property was purchased with a loan taken in my name although the sale deed did not mention any proportion of our shares in the property. The buyer paid the sale amount in three equal parts to each of us and …