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.
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.
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.
U.S. stocks dove Tuesday following another stunning reversal, with Wall Street veering from a huge gain at the opening of trading to more losses at the close, because investors still have no idea what to make of President Donald Trumps trade war.
The Supreme Court on Tuesday blocked an order for the Trump administration to return to work thousands of federal employees who were let go in mass firings aimed at dramatically downsizing the federal government.
