Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.
The Indian rupee faced a setback on Thursday, dipping to 94.0425 against the dollar amidst rising oil prices and escalating inflation fears. Previously, it had seen a peak of 93.62 thanks to foreign portfolio inflows. Investors are now holding their breath for October's consumer inflation figures, as they could significantly influence upcoming policy decisions and market sentiment surrounding the rupee.
ETMarkets identified 36 stocks held by just one mutual fund scheme each, with equity MF holdings exceeding Rs 10 crore. More than half have gained in CY26, while nine stocks have rallied 50% to 145%, including two that more than doubled.
Bloom Energy shares jumped 13% after strong CoreWeave results eased concerns over AI infrastructure spending. But with the stock well below its record high, can the rally last?
Five stocks in the Nifty500 with a change of more than 5% appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data.
On Thursday morning, Indian government bonds remained stable, reflecting a pause after recent volatility. Market sentiment is influenced by declining oil prices and climbing US Treasury yields, with inflation data on the horizon. The Reserve Bank of India is expected to modify its policy rate in light of these figures. Meanwhile, the ongoing Iran conflict could affect oil pricing, as traders prepare for a significant bond auction set for Friday.
In November, foreign institutional investors unexpectedly shifted to become net buyers of Indian equities, indicating a noteworthy change in market dynamics. Jefferies has pinpointed 11 stocks poised to gain from this influx, including heavyweights like Reliance Industries, HDFC Bank, and Axis Bank, which previously faced notable outflows. With positive macroeconomic signals and attractive valuations, this trend could very well continue driving share prices upward.
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