Indian Market News

One MobiKwik Systems Ltd, a prominent fintech company, reported a net loss of Rs 3.6 crore for the second quarter ending September 2024, primarily due to increased expenses. This marks a reversal from the Rs 5.3 crore net profit posted during the sam

Larsen & Toubro Ltd (L&T)'s Power Transmission and Distribution (PT&D) segment has secured significant domestic and international contracts for the development of grid infrastructure, strengthening its position as a key player in the glob

The market regulator has relaxed the rules governing the settlement of brokerage clients' accounts that remain inactive for 30 days. Previously, the Securities and Exchange Board of India (SEBI) mandated brokerages to settle such accounts within t

Global brokerage firm Jefferies has upgraded its rating for pharmaceutical company Biocon to 'underperform', citing favorable developments related to regulatory approval for its Bengaluru manufacturing facility. In line with this positive sentiment,

Benchmark indices Nifty and Sensex ended their two-day losing streak on January 7, buoyed by gains in energy and PSU bank stocks. All sectors traded positively following an upbeat market opening, with the broader market outperforming frontline indice

A leading global brokerage, Jefferies, has downgraded Zomato’s stock to a "hold" rating, attributing the change to the significant surge in the stock's value throughout 2024 and rising concerns over increasing competition in the quick commerce mark

Groww has announced the launch of its Groww Nifty India Railways PSU Index Fund – Direct (G), an open-ended scheme designed to track the Nifty India Railways PSU Index - TRI. This fund aims to provide long-term capital appreciation by investing in

Shares of Indraprastha Gas Ltd (IGL) rose in early trading on January 7, buoyed by news that Maharashtra Natural Gas (MNGL), a subsidiary, is preparing for an Initial Public Offering (IPO). International brokerage Citi Research reaffirmed its positiv

India is urging states to attract more private investment to accelerate the development of its power transmission network, as part of a broader strategy to modernize the grid and support the growth of renewable energy. According to a report by the

Shares of Gensol Engineering Ltd. surged by 8.6% to ₹759 per share on January 6, following the announcement of a substantial contract win. The company has secured an engineering, procurement, and construction (EPC) contract from a prominent Public

The Kotak Nifty SmallCap 250 Index Fund – Direct (G), launched by Kotak Mahindra Mutual Fund, is an open-ended index fund aimed at tracking the performance of the Nifty SmallCap 250 Index. The scheme seeks to provide returns that closely correspond

On December 31, 2024, the Securities and Exchange Board of India (SEBI) announced the introduction of the Mutual Funds Lite (MF Lite) framework, specifically designed for passively managed mutual fund schemes. The MF Lite framework covers mutual f