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Shares of banks and NBFCs went up by as much as 4% after the RBI shifted its policy stance to 'neutral'. This change hints at a possible rate cut cycle from December. Shriram Finance saw the biggest gain in Nifty, rising over 4%. Other financial stocks also gained significantly, boosting the Sensex by 500 points.
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News and Media
SpiceJet Share Price: Shares of SpiceJet surged over 8% after settling a significant 1,107 crore dispute with lessors for $22.5 million. This follows the airline's recent resolution of a $16.7 million dispute with Engine Lease Finance Corporation. SpiceJet is now preparing to expand its fleet and improve financial stability.
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News and Media
The SME IPO market in India is slowing down due to stricter regulations. Subscriptions and listing gains have declined. The new norms aim to enhance market stability by ensuring only financially strong companies get listed. This shift follows concerns about price manipulation and inflated valuations, aiming to improve the quality of listed companies.
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News and Media
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