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Four companies receive approval from Sebi for IPOs

Updated at : 2025-04-09 23:20:02

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The regulator issued its final observations on the draft papers last week. When a company receives a final observation from Sebi, it s a signal from the regulator to go ahead with the IPO process.

Financial services received the highest inflows at ₹17,585 crore in the second-half of the month after they sold these shares worth over ₹3,000 crore in the first-half of the month. In 2024, overseas investors pulled ₹58,280 crore out of the shares in the sector.

Tariffs of this magnitude would be extremely disruptive to the US and the global economy and bring in a very high risk of an economic recession in the US. If tariffs remain at this magnitude, prices will not decline. So, the initial shock is a stagflationary one. The market was far from pricing in such strong shocks to the economy.

Despite the robust bull run in Indian equities since 2020, a significant portion of listed stocks, nearly 10%, are still trading below their pre-Covid levels. Prominent names like Whirlpool, PVR Inox, and RBL Bank have experienced declines, erasing earlier gains. Some fundamentally sound companies, including Aditya Birla Fashion and Hindustan Unilever, are hovering near their pre-pandemic values.

In today s trade, shares of BPCL, Adani Wilmar, Vodafone Idea, Cyient, Concord Biotech among others will be in focus due to various news developments.

US prospects, new drugs make Glenmark look better

Updated at : 2025-04-09 23:20:02

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Glenmark s marketing portfolio as of December 2024 had 201 generic products authorised for distribution in the US. The company has 51 applications pending at various stages in the approval process.

Markets take a calming breath after rollercoaster

Updated at : 2025-04-09 23:20:02

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The NSE Nifty rose 374.25 points, or 1.7%, to close at 22,535.85, in its highest single-day gain since January 2. The BSE Sensex rose 1,089.18 points, or 1.5%, the biggest upside in a day since March 18, to end at 74,227.

S&P 500 companies have lost $5.8 trillion in stock market value since Trump s tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data. Global markets had previously posted gains on hopes that Trump might be willing to negotiate down the array of country and product-specific trade barriers he is erecting around the world s largest consumer market.

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Stocks tumbled in Australia and Japan and equity-index futures for the S&P 500 fell more than 1.8%. The dollar edged lower against major peers and oil extended its selloff. The offshore yuan rebounded after sinking to the lowest since it began trading in 2010. Yields on 10-year Treasuries extended this week’s strong gains.

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