Two major companies in the Indian infrastructure and energy sector, Reliance Infrastructure and Reliance Power, made a strong comeback in September 2024. Both stocks surged 60% during the month, hitting their highest levels since 2018. The dramatic surge in these Anil Ambani group companies was driven by several positive developments, including debt reduction and improved…
Indian stock indices, Sensex and Nifty 50, witnessed a massive drop on Monday, both falling over 1%, as global uncertainties weighed on investor sentiment. Sensex and Nifty 50 fall comes after a period of caution, with profit-booking being a key theme in recent sessions. Below are the main reasons for the market drop: Sensex and…
Introduction The Indian media landscape is set to undergo a major change with the $8.5 billion Reliance-Disney merger. The Ministry of Information and Broadcasting (I&B Ministry) has given its approval for the transfer of several non-news television channels from Viacom18 Media Private Limited to Star India Private Limited, marking a significant step in this merger….
Introduction: Swiggy IPO’s upcoming fuels investor excitement India’s leading online food delivery platform Swiggy is preparing for its much-anticipated initial public offering (IPO). The buzz around this public listing has stirred up the unlisted stock market, sparking a significant rally. With Swiggy shares jumping as much as 40% in the unlisted market, investor excitement is…
Phillip Capital’s latest market report highlights key sectoral shifts in India’s stock markets, driven by post-Covid-19 recovery dynamics. Notably, the industrials and metals sectors have posted impressive gains, while the financials sector has seen a temporary decline. However, financial stocks are expected to rebound due to a drop in bond yields and a potential reduction…
