GAGA Share Market News

[hfe_template id='11223'] [ad_1] The S&P 500 and Nasdaq reached record closing highs on Monday, capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty. Both indexes ended the quarter with double-digit gains. The S&P 500 gained 10.57% during the period, the Nasdaq rose 17.75%, and the Dow climbed 4.98%. The Russell 2000 Small Cap index rose 8.28% in the quarter. Still, the three main indexes posted their weakest first-half performances since 2022, as the uncertainty around trade policy has kept investors wary during the year, with tensions peaking after President Donald Trump disclosed widespread tariffs on April 2. Trade deals with China and the UK have fueled optimism that an all-out global trade war can be minimized, with hopes for more deals to be reached before Trump's July 9 trade deadline. The end of the quarter was also influenced by managers tweaking their portfolios to look more attracti...

[hfe_template id='11223'] [ad_1] Shares of Raymond Realty listed on BSE at Rs 1,005 and on NSE at Rs 1,000 on Tuesday, marking a lower debut than the discovered price of Rs 1,039.30 on the NSE and Rs 1,031.30 on the BSE. The listing follows the company’s demerger from Raymond Ltd and marks the first independent market outing for the group’s real estate arm. Under the terms of the demerger, Raymond Ltd shareholders received one share of Raymond Realty for each share held, giving them direct exposure to the group’s real estate business. Read More: Catch Latest Updates on Raymond Realty Share Listing Today Brokerages are optimistic about Raymond Realty’s listing prospects. Ventura Securities has pegged a FY28 DCF-based target price of Rs 1,383 per share, while SBI Securities expects the listing price to be in the range of Rs 897 to Rs 1,430, depending on the valuation multiple assigned by the market. The firm is likely to list at a FY26E EV/EBITDA multiple of 11–15x, and wi...

[hfe_template id='11223'] [ad_1] Shares of Mumbai-based real estate developer Kalpataru listed on a flat note on the BSE and NSE on Tuesday. The stock debuted at Rs 414 on both exchanges. The company's Rs 1,590 crore closed with a moderate overall subscription of 2.31 times. The IPO, which was entirely a fresh issue of 3.84 crore shares, received a strong response from Qualified Institutional Buyers (QIBs), who subscribed 3.12 times their allocated portion. The retail category was subscribed 1.43 times, while non-institutional investors (NIIs) came in at 1.40 times, reflecting measured interest in the offer. Founded in 1988 and part of the broader Kalpataru Group, the company has a portfolio of 70 completed and 40 ongoing projects across Mumbai, Pune, Bengaluru, Hyderabad, Indore, and other cities. The IPO proceeds will primarily be used to repay or prepay borrowings, totalling Rs 1,192.5 crore, while the remaining funds are earmarked for general corporate purposes. ...

[hfe_template id='11223'] [ad_1] Engineering and construction services provider Globe Civil Projects is set to debut on the BSE and NSE on Tuesday following a highly subscribed Rs 119 crore IPO. With a strong investor response and a grey market premium (GMP) of Rs 27 per share, the stock is poised for a robust listing above the issue price of Rs 71. The IPO, which comprised a fresh issue of 1.68 crore shares, saw overwhelming demand across all investor categories, being subscribed a stellar 80.97 times overall. The non-institutional investor (NII) segment led the frenzy, subscribing 143.14 times, while Qualified Institutional Buyers (QIBs) followed with 82.13 times, and retail investors bid 53.67 times their quota. The company had also raised Rs 35.70 crore from anchor investors ahead of the issue opening. Globe Civil Projects plans to use the proceeds to fund working capital needs, purchase construction equipment, and for general corporate purposes. The funds are expect...

[hfe_template id='11223'] [ad_1] Kolkata-based industrial gas supplier Ellenbarrie Industrial Gases is set to list on the BSE and NSE on Tuesday after receiving a stellar response to its Rs 853 crore IPO. The IPO is expected to debut with a healthy premium, backed by a grey market premium (GMP) of Rs 57 per share over the issue price of Rs 400. The issue, a mix of fresh equity worth Rs 400 crore and an offer for sale of Rs 452.53 crore, was subscribed an impressive 22.19 times overall. The demand was driven by Qualified Institutional Buyers (QIBs), who bid 64.23 times their quota, while non-institutional investors (NIIs) followed at 15.21 times. The retail portion saw 2.14 times subscription, reflecting solid interest despite a relatively high ticket size. EIGL plans to use the IPO proceeds for debt repayment, setting up a 220 TPD air separation unit at its Uluberia-II plant, and general corporate purposes. The company had also raised Rs 255.76 crore from anchor investor...

[hfe_template id='11223'] [ad_1] Shares of public sector banks (PSBs) rallied up to 3% on Monday after the finance ministry directed them to monetise their investments in subsidiaries and joint ventures through stock market listings. Central Bank of India shares led the gains among PSBs, surging 2.5% to an intraday high of Rs 40.14. This was followed by Canara Bank, Bank of Baroda, Bank of India, and Union Bank of India, each rising 2.3% to hit intraday highs of Rs 113, Rs 247, Rs 119, and Rs 152, respectively. Indian Bank shares rose 1.9% to reach Rs 638.65, while Indian Overseas Bank shares advanced 1.2%, hitting a high of Rs 38.82. Meanwhile, SBI shares touched a high of Rs 813.60, marking a more modest gain of 1% from its previous close. The move is aimed at unlocking value after scaling up the operations of these subsidiaries and realising better returns on investment. According to the finance ministry's communication, about 15 subsidiaries or joint ventures of ...

[hfe_template id='11223'] [ad_1] Shares of JB Chemicals & Pharmaceuticals fell over 6% to Rs 1,681.90 on BSE on Monday after global investment firm KKR announced it would sell its 46.39% stake in the company to Torrent Pharma. The deal values JB Pharma at Rs 25,689 crore on a fully diluted basis. Following the acquisition, Torrent plans to merge JB Chemicals with itself. The deal has been signed at Rs 1,600 per share, which is about 11% lower than JB Chemicals’ Friday closing price of Rs 1,799.35. Torrent has also made a mandatory open offer to acquire up to 26% of JB Pharma from public shareholders at an offer price of Rs 1,639.18, which is about 9% lower than Friday’s closing price. After the acquisition announcement, Nomura and Motilal Oswal maintained neutral ratings on Torrent Pharma, while HSBC reiterated its buy call. “The acquisition will not be a surprise to us, as inorganic expansion, particularly in India, has been a key strategy for TRP in the past. Inves...

[hfe_template id='11223'] [ad_1] The shares of Jio Financial Services have rallied 13% in one week to a high of Rs 331.40 on the BSE amid positive investor sentiment. The stock jumped 2.4% in intraday trade. On Friday, the stock rallied as much as 5.4% on the BSE after announcing that it has been granted a certificate of registration to Jio BlackRock Broking Private Ltd (JBBPL) to operate as a stockbroker and clearing member. “Please note that the Securities and Exchange Board of India, has granted a certificate of registration dated June 25, 2025 to Jio BlackRock Broking Private Limited (“JBBPL”) to act as a Stock Broker / Clearing Member,” the company had informed in a filing to the stock exchanges. Technically, the stock is performing well above its significant short, medium and long-term daily exponential moving averages and is oscillating near the 76 mark on the RSI, according to the Trendlyne data. An RSI above 70 is considered to be overbought. Live Events With th...

[hfe_template id='11223'] [ad_1] Shares of Karnataka Bank fell over 7% on Monday to Rs 192, following a major leadership shake-up. The decline came after the bank’s Board of Directors accepted the resignations of its MD & CEO, Srikrishnan Hari Hara Sarma, and Executive Director, Sekhar Rao. Sarma, citing personal reasons and a planned move back to Mumbai, will step down effective July 15, 2025. Rao, citing personal commitments and his inability to relocate to Mangaluru, will exit by July 31, 2025. In response, the Board has formed a Search Committee to scout for suitable successors for both leadership roles. To ensure operational continuity, the bank has appointed a senior banker as Chief Operating Officer (COO), who will assume charge from July 2, 2025, pending regulatory approval. The twin resignations of key leadership figures in quick succession have raised concerns among investors, triggering a sharp sell-off in the stock. The focus now shifts to the bank’s succ...

[hfe_template id='11223'] [ad_1] Shares of Torrent Pharmaceuticals are likely to be in the spotlight on Monday, June 30, after the company agreed to buy a controlling stake in J.B. Chemicals & Pharmaceuticals Ltd in a major acquisition worth Rs 11,917 crore. In a board meeting held on June 29, Torrent Pharma approved a multi-step transaction to acquire a majority stake in JB Chemicals. The acquisition comprises the following: Share Purchase Agreement (SPA): Torrent will acquire 7.44 crore equity shares, representing 46.39% of JB Chemicals' fully diluted equity share capital, from its promoter, Tau Investment Holdings Pte Ltd, at Rs 1,600 per share, amounting to approximately Rs 11,917 crore, subject to shareholder and regulatory approvals. Potential Employee Acquisition: Torrent may further acquire up to 44.99 lakh equity shares (2.80%) from certain employees at a price not exceeding Rs 1,600 per share, through employee stock options. Open Offer: Torrent has also...

[hfe_template id='11223'] [ad_1] Markets ended their five-week-long consolidation phase, buoyed by improving global cues, receding geopolitical risks, and a noticeable pickup in foreign institutional investor (FII) buying during the latter half of the week. After a hesitant start, momentum built during midweek as overall sentiment turned more constructive. With tensions between Iran and Israel showing signs of easing, global risk appetite improved, driving indices higher. Consequently, benchmark indices closed the week near their highs, with the Nifty settling at 25,637.80 and the Sensex at 84,058.90. Sectorally, the market breadth tilted positive with most NSE indices in the green. Nifty Oil & Gas outshone peers with a 1.19% uptick, followed by Nifty Infrastructure and Nifty Energy, which climbed 1.07% and 1%, respectively. PSU Banks, Pharma, Metals, and Media also posted moderate gains, rising between 0.4% and 0.7%. Financial heavyweights saw mild traction, with Ni...

[hfe_template id='11223'] [ad_1] Nine of the top-10 most valued firms together added Rs 2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-line with a buoyant trend in equities. Last week, the BSE benchmark surged 1,650.73 points or 2 per cent. From the top-10 pack, Infosys emerged as the only laggard, facing erosion from its valuation. The market valuation of Reliance Industries jumped by Rs 69,556.91 crore to Rs 20,51,590.51 crore, the most among the top-10 firms. Bharti Airtel's valuation surged by Rs 51,860.65 crore to Rs 11,56,329.94 crore and that of HDFC Bank rallied by Rs 37,342.73 crore to Rs 15,44,624.52 crore. Live Events The market capitalisation (mcap) of Bajaj Finance zoomed Rs 26,037.88 crore to Rs 5,88,213.55 crore and that of ICICI Bank edged higher by Rs 24,649.73 crore to Rs 10,43,037.49 crore. The valuation of Life Insurance Corporation of India (LIC) climbed Rs 13,250.87 crore to Rs 6,...

[hfe_template id='11223'] [ad_1] The Indian equity markets wrapped up the week on a strong footing, with the Nifty50 registering a 2% gain for the week ended June 27, 2025. Bullish sentiment dominated four out of the last five trading sessions, backed by a sharp intraday rally, resilient support zones, and strategic time-based inflection points that aligned well with recent market moves. One of the key supporting signals for the bulls was the continued decline in India VIX, which slipped by 1.6% to close at 12.39 on Friday. A lower VIX indicates reduced volatility expectations and bolsters investor confidence—an encouraging sign heading into the final trading sessions of the first half of FY25. Review: Time + Levels = Tactical Precision In our previous update, we had highlighted June 25 (±1 trading day) as a high-alert reversal window — and the Nifty responded in textbook fashion. Live Events June 24: Nifty opened with a sharp 225-point gap-up and showed high intraday vo...

[hfe_template id='11223'] [ad_1] After Nifty broke out of a 31-day long narrow consolidation phase on Thursday’s monthly expiry, bulls are now betting that a fresh all-time high could come in the next few days given FII buying amid favourable global macro set-up, crude oil’s 11% weekly crash, July's historically bullish seasonality, and Trump's trade deal hints. In just four trading sessions, the Sensex has rocketed 2,162 points in a non-stop rally, now sitting less than 2,000 points from its all-time record high. The Nifty has simultaneously climbed to its highest level since October 1, 2024, and needs only 640 points to look past the September peak of 26,277. FII Firepower Ignites Markets The catalyst for this dramatic breakout? Foreign institutional investors (FIIs) have returned with a vengeance. FIIs staged a spectacular comeback as net buyers Thursday, pumping in equity inflows exceeding ₹12,500 crore, the highest single-day buying spree in eight months. Th...

[hfe_template id='11223'] [ad_1] It began with a “boundary”, unlike with a bang for the Universe. Thousands of years ago, on the banks of the Tigris River, a small group of people did something no human had done before. They built a fence. It was crude—woven reeds and branches—but it enclosed something: wheat, barley, and goats. It marked, perhaps for the first time, something that was “owned”, and not “shared”. The agricultural revolution had begun. Until then, homo sapiens moved with the seasons, living in bands. Agriculture brought stability, and with it, abundance. But it also brought division—those who owned land, and those who worked it. The fence didn’t just mark a field. It marked the beginning of power. Live Events But with ownership came exclusion, and with exclusion came conflict. Once resources could be stored, they could be taken. Raids replaced wandering. Walls replaced kinship. Scarcity was no longer about nature—it was about who held the surplus. The firs...

[hfe_template id='11223'] [ad_1] Warren Buffett has made his largest annual donation to date, giving away $6 billion worth of Berkshire Hathaway stock to a mix of philanthropic organizations, including the Bill & Melinda Gates Foundation and four foundations tied to his family. The donation, disclosed on Friday, was executed through the transfer of approximately 12.36 million Class B shares of Berkshire Hathaway, continuing a long-standing tradition that began nearly two decades ago. The bulk of the shares, over 9.4 million, were directed to the Gates Foundation. Additional allocations included nearly 943,000 shares to the Susan Thompson Buffett Foundation, and 660,000 shares each to three organizations run by his children: the Howard G. Buffett Foundation, the Sherwood Foundation, and the NoVo Foundation. This latest giving round raises Buffett’s total charitable contributions over the years to more than $60 billion. Even after this sizable transfer, Buffett retains...

[hfe_template id='11223'] [ad_1] After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and ended the week with gains. Over the past five sessions, the markets have largely traded with a positive undercurrent, continuing to edge higher. The trading range was wider than anticipated; the Nifty traded in an 829-point range over the past few days. Volatility took a backseat; the India Vix slumped by 9.40% to 12.39 on a weekly basis. While trending higher throughout the week, the headline index closed with a net weekly gain of 525.40 points (2.09%). The breakout that occurred in the previous week has pushed the support level higher for the Index. Now, the most immediate support level has been dragged higher to the 25100-25150 zone, the one that the markets penetrated to move higher. So long as the Nifty keeps its head above this zone, it is likely to continue moving higher. Over the coming weeks, we are also likely t...

[hfe_template id='11223'] [ad_1] The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders, who will be eligible as on the record date, which will be declared later. “In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the “Company”) will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,” said the company in a regulatory filing. No other details have been yet disclosed by the company. If approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. A bonus share issue is when a company gives additional shares to its existing shareholders for free, in ...

[hfe_template id='11223'] [ad_1] U.S. President Donald Trump said on Friday he would not appoint anyone to head the Federal Reserve who would not lower interest rates from where they are, setting perhaps the most explicit litmus test yet for candidates to be the next central bank chief to align with his demands for steep rate cuts in order to get the job. "If I think somebody's going to keep the rates where they are or whatever, I'm not going to put them in," Trump said. "I'm going to put somebody that wants to cut rates. There are a lot of them out there." Presidents in the past have complained about the Fed setting interest rates too high for their liking, but Trump has taken it further than any recent U.S. leader in setting a clear expectation for whomever he nominates to be in line with his wishes. Trump, who said rates should be cut to 1% from the current Fed benchmark rate of 4.25% to 4.50%, has repeatedly railed against Fed Chair ...

[hfe_template id='11223'] [ad_1] Wall Street is throwing a summer party with markets just closing out their best cross-asset advance in more than a year on receding fears of a global trade war, igniting a buying frenzy in everything from tech funds to junk bonds. With the S&P 500 enjoying its first record since February, it’s the triumph of investor optimism at a moment of high uncertainty around the economy, valuations and government policy — with the White House delivering a Friday surprise by threatening to end negotiations with Canada over a digital services tax. Still, bulls are latching onto signs of cooling inflation and improving consumer sentiment even as jobless claims rise, the housing market stays cool, global trade softens and hopes fade for an imminent Federal Reserve interest-rate cut. Rather than falter, bullish conviction has surged to levels not seen since Donald Trump returned to the White House, powering a lockstep rally across stocks, bonds, comm...

[hfe_template id='11223'] [ad_1] Hong Kong’s having a banner year as it marches toward becoming the second-largest market globally for share sales for the first time since 2012.Proceeds from listings and additional share sales in the Asian financial hub in the first half have reached about $33 billion, poised for a sixfold jump from a year ago, according to data compiled by Bloomberg. Offerings from electric carmakers BYD Co. and Xiaomi Corp. raised the most, followed by Contemporary Amperex Technology Co. Ltd., which had the world’s biggest new listing this year. Investors have brushed aside tariffs and geopolitical concerns as deals flooded in Hong Kong — including three of the four biggest stock offerings in the world in 2025. Equity strategists remain upbeat about local stocks after the Hang Seng became one of the world’s best-performing indexes this year. And with the throng of companies lining up with billion-dollar offerings, it’s shaping up to be a good year for ...