BLS E-Services opens at 126% premium; Here is all you need to know

BLS E-Services opened at a premium of 126% at Rs 305. The stock was trading at a premium of Rs 155 in the grey market. 

The grey market is an unofficial market where shares are traded before the listing on the bourses.  

The company set its IPO’s price band at Rs 129-135 per equity share. BLS E-Services’ initial public offer was opened for retail inves…

Read more

Adani stocks jump on Sensex inclusion hopes

Shares of Adani Group companies surged on Thursday with Adani Enterprises rising as much as 8%, on hopes of the flagship’s inclusion in the S&P BSE Sensex.

Adani Enterprises is  likely to replace Wipro in the benchmark index next month, IIFL Alternative Research said in a note. This may lead to inflows of $118 million into the Adani flagship’s shares,  Sriram Velay…

Read more

Will Nifty see further upside movement on Friday- See GIFT Nifty, FII data, F&O, crude, and more before market opens

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued opening on Friday. Here is all you need to know before the market opens.

GIFT Nifty was flat at 22,917 indicating a muted start for the domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 advanced 201 points or 0.89% to finish at 22,821.40, wh…

Read more

Will Nifty hold 21,500 levels or dip further- See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here is all you need to know before market opens.

GIFT Nifty traded up by 23 points or 0.11% at 21,603, indicating positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 dropped 148.45 points or 0.69% t…

Read more

Foreign investors pull out over Rs 13,400 crore from Indian equities in first week of August

Foreign Portfolio Investors (FPIs) have shifted to net sellers this month so far, withdrawing over Rs 13,400 crore from Indian equities as of early August. This reversal follows a period of increased investment in previous months.

FPIs had injected a total of Rs 22,134 crore into Indian equities earlier this year. However, recent data shows a net withdrawal of Rs 13,431 crore from A…

Read more

Will Nifty scale past key 21000 level in trade today- 9 things to know before the share market opens

GIFT Nifty traded flat at 21,074.5 down merely 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 dropped 36.55 points or 0.17% to settle at 20,901.15, while the BSE Sensex slipped 132.04 points or 0.19% to 69,521.69. 

“Markets consolidated in a range after the recent surge and ended almos…

Read more

‘Trail-based commissions a game changer’

Ashish Gupta, chief investment officer (CIO) at Axis AMC, believes profit-taking in the markets is not much of a concern because foreign investors remain under-invested. He tells Siddhant Mishra that the fund house has focused on overhauling its sales and distribution structure, besides diversifying schemes. 

Ed…

Read more

Why Mark Cuban Is Selling Anti-Fungal Ointment for $7.34

Mark Cuban, the tech titan, Dallas Mavericks owner, and star of ABC’s Shark Tank, moves through the world like a friendly great white, all teeth and eyes and relentless motion. When we meet on an October morning at his office in the Mavericks’ headquarters, the serial entrepreneur, 64, is wearing a long-sleeved T-shirt advertising his last investment: Mark Cuban Cost Plus D…

Read more

AI Whistleblowers Speak Out

This could be a costly interview for William Saunders. The former safety researcher resigned from OpenAI in February, and—like many other departing employees—signed a non-disparagement agreement in order to keep the right to sell his equity in the company. Although he says OpenAI has since told him that it does not intend to enforce the agreement, and has made similar public commitments, he…

Read more

Why Car Prices Are Finally Falling

Two years ago, David Rosenberg’s dealership lots were virtually empty; cars would sell as soon as they arrived. Today, Rosenberg, president of DSR Motors, which has 12 dealerships across New England, says he’s offering up huge deals to get vehicles off the lots because he has so much inventory.

Rosenberg has been forced to offer big price cuts for brands like Stellantis (formerly Chr…

Read more