In a major development in India’s tech and food delivery landscape, Swiggy is set to debut in the stock market with a highly anticipated Initial Public Offering (IPO) in early November. With plans to raise nearly ₹11,300 crore (approximately $1.35 billion), this move is significant for investors in emerging markets, particularly in tech-driven sectors. Let’s … Read more
Market Overview In an unprecedented shift in the tech sector, Nvidia briefly overtook Apple to become the world’s most valuable company. On Friday, Nvidia’s market cap surged to $3.53 trillion, just edging out Apple’s $3.52 trillion, thanks to a remarkable rally driven by booming demand for Nvidia’s specialized AI processors. This milestone highlights Nvidia’s stronghold … Read more
Market Overview On October 25, 2024, the Indian stock market saw a sharp decline as the Sensex and Nifty indices plunged, leading to significant investor losses. With Sensex down by 663 points (0.83%) and Nifty 50 slipping by 219 points (0.90%), both indices marked their fifth consecutive session of losses, closing at 79,402.29 and 24,180.80, … Read more
The Indian equity markets extended their recent downward trend today, as disappointing earnings reports from several major players and foreign institutional selling fueled a fifth consecutive day of losses. The benchmark indices, Sensex and Nifty, fell sharply, with the Sensex closing down by 663 points (0.83%) at 79,402, and the Nifty losing 218 points (0.9%) … Read more
Market Overview In a recent move, Indian food delivery giants Zomato and Swiggy announced increased platform fees, raising the cost to Rs 10 per order from previous rates of Rs 6 and Rs 7, respectively. This strategic adjustment comes as both companies anticipate a spike in order volumes during India’s festive season, aiming to offset … Read more
As we step into Samvat 2081, the Indian stock market has made history in September 2024, with the Nifty 50 crossing 26,250 and the BSE Sensex soaring past 85,900. Both indices gained around 25% in Samvat 2080, driven by a broader market rally. The BSE MidCap and SmallCap indices surged even higher, posting gains of … Read more