Shares of Dr Agarwal’s Eye Hospital Ltd (AEHL) plunged as much as 18 per cent on Thursday, August 28, after the company announced a merger with its listed parent — Dr Agarwal’s Health Care Ltd (AHCL). The sharp fall came as investors appeared to react negatively to the proposed share-swap arrangement. By 1:15 p.m., AEHL…
Pre-market Update: Indian equity markets are poised for a strong opening, buoyed by bullish sentiment following key policy signals and a sovereign credit rating upgrade. Prime Minister Narendra Modi, in his Independence Day address, hinted at next-generation GST reforms to be rolled out by Diwali 2025, a move seen as a potential game-changer for economic efficiency…
Eternal shares took centre stage on Dalal Street on Thursday amid market buzz about a likely block deal in the food delivery platform’s stock. The Eternal stock rose 1.0 per cent for the day, ending at Rs 301.8 apiece on BSE, and was among the top three contributors to the gains in main indices. At the…
Knowledge Realty Trust (KRT), sponsored by Bengaluru-based Sattva Group and global investment firm Blackstone, is set to launch its Rs 4,800 crore Real Estate Investment Trust (REIT) initial public offering (IPO) on August 5. The three-day bidding window will close on August 7. This is the sixth REIT headed to Dalal Street. Currently, there are…
The Nifty traded in a largely range-bound manner through the week, oscillating within a well-defined band and ending the week on a negative note. After a strong opening, the index saw selling pressure at higher levels, remaining under check within a narrow range of 25246–24806 spanning 440 points before settling slightly lower. Meanwhile, the India…
GIFT Nifty Futures Update: Domestic equity benchmarks are set to make a muted-to-negative start to the trading week on Monday, July 14, with GIFT Nifty futures–an early indicator of the 50-blue-chip index–inching lower at the last count ahead of the opening bell on Dalal Street. The sluggish pre-market signal for the Nifty 50 index comes…