Shares of Nuvalent soared 39% in Tuesday’s trade on 9 June, hitting a fresh record high of $123 on the Nasdaq after GlaxoSmithKline (GSK) announced it had agreed to acquire…
Category: Market
Expert view: A correction possible in the US stock market, says Marcellus Investment Managers’ Head of Global Equities
Expert view: Arindam Mandal, Head of Global Equities at Marcellus Investment Managers, believes the US stock market may see some correction as parts of the AI ecosystem are showing bubble-like…
Large, midcap coming back in focus as contrarian investing gains ground
While the Middle East conflict continues keeping the stock market under pressure, contrarian investing appears to be gaining ground as investors anticipate a swift recovery after a US-Iran peace deal…
Weak market sentiments cast gloom on ₹2.45 lakh crore primary issuances
The subdued secondary market sentiments and possible economic slowdown have cast a gloom on ₹2.45 lakh crore IPOs that have been waiting in the wings after getting Sebi approval to…
Himadri Speciality shares gain 40% on strong financial performance
At a time when the markets are in turmoil given the West Asia war and global economic uncertainty, Himadri Speciality Chemicals has managed to deliver return on investment of 46…
JioBlackRock not chasing lowest-cost tag, says CEO
For many investors, JioBlackRock’s entry into India’s mutual fund industry carried echoes of Reliance Jio’s disruption of the telecom market. Expectations of ultra-low fees and aggressive pricing followed naturally. A…
NCDEX likely to relaunch pepper futures by end-June
The National Commodity and Derivatives Exchange (NCDEX) is preparing to relaunch pepper futures by the end of June, with the contract likely to emerge as an early beneficiary of the…
Indian steelmakers enter major capex cycle as capacity expansion hits 300 million tonnes target
Indian steelmakers are set to enter a multi-year investment cycle as the country targets expanding its steel-making capacity to 300 million tonnes by 2030, according to a report by S&P…
Govt notifies rules to set up coal exchanges
Paving the way for setting up coal exchanges, the government said it has notified Coal Exchange Rules, 2026, which will enable transparent, market-driven price discovery and boost efficiency. “In a…
Hexagon Nutrition IPO: Issue booked 53 times on Day 3; NII portion sees strong demand, GMP signals healthy listing
The initial public offering of Hexagon Nutrition, which was fully subscribed on the first day of bidding, continued to witness strong investor demand through the final day, with the issue…