Founded in 2010 by entrepreneurs Vivek Subramanian and Saif Dhoraijwala, FPEPL has raised ₹1,600 crore in equity funding since its inception, with investments from funds like TPG's Rise Fund and Norfund, a Norwegian development-focused fund.

These companies are available at relatively low valuations given various business challenges which are largely short-term in nature. Given their established businesses, large scale of operations and good corporate governance, these companies are expected to perform well over a longer horizon.

Jefferies expects Indian wealth management firms' assets under management to double by FY27. "IWMs (Indian wealth managers) are gaining share in the ultra-HNI segment (80% of market) where global players are receding and smaller banks lack bandwidth for personalised solutions," said the brokerage's analysts Jayant Kharote and Prakhar Sharma in a client note.

The foundation of India's economic resilience lies in its prudent fiscal policies, exemplified by controlled fiscal deficits, current account deficit management, and inflation containment. This steadfast approach has instilled confidence in investors, paving the way for a sustained bull market over the last decade and more.

Following the controversy surrounding misleading advertisements by Patanjali, Baba Ramdev and Acharya Balkrishna have submitted affidavits to the Supreme Court, offering "unconditional, unqualified" apologies.

Sensex fell 0.1%, or 58.8 points, to close at 74,683.7, after hitting a lifetime high of 75,124.28 earlier in the day. Nifty declined 0.10%, or 23.55 points, to close at 22,642 after rising to an all-time high of 22,768.40.

Invesco will retain a 40% stake in the fund house, while both IIHL and Invesco will have sponsor status. The size of the deal has not been disclosed. IIHL is the promoter entity of IndusInd Bank.

Some of the buyers included Birla MF, Blackstone, BofA Sec, Mirae MF, Nippon India MF, Nomura, Norges Bank, T Rowe Price, among others.

SBI Cards & Payment Services, a NBFC entity, saw 20% decline pre Wedge breakout. Traders target Rs 770-830. Hit Rs 932 high, now Rs 723, 22% down. Support at 680, Double Bottom. Positive Moving Average crossover.

Bain Capital exits Axis Bank by selling 1% stake at Rs 1,071/share. Previous stake sales in 2022-2023. Investors include Mirae Asset MF, T Rowe Price, Vanguard, BofA Securities, Societe Generale, Copthall Mauritius.

​ Two entities -- Lakumi Trust and Nicomac Machinery -- on Tuesday divested a 4.9 per cent stake in Gland Pharma for Rs 1,411 crore through open market transactions. Lakumi Trust and Nicomac Machinery Pvt Ltd disposed of 81.20 lakh shares of Gland Pharma in separate bulk deals on the National Stock Exchange (NSE).

​ Promoters of private lender IndusInd Bank will buy a 60% stake in the Indian arm of global asset manager Invesco, the two companies said on Tuesday, without disclosing the deal amount.

Benchmark indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels."Indian markets reached a fresh intra-day peak before seeing profit-booking at higher levels in anticipation of tomorrow's key US inflation data, which carries weight in determining future rate cuts by the US Fed," said Vinod Nair, Head of Research, Geojit Financial Services.

These companies are available at relatively low valuations given various business challenges which are largely short-term in nature. Given their established businesses, large scale of operations and good corporate governance, these companies are expected to perform well over a longer horizon.

The Dow Jones Industrial Average rose 90.9 points, or 0.23%, at the open to 38983.66. The S&P 500 rose 14.6 points, or 0.28%, at the open to 5217.03​, while the Nasdaq Composite rose 74.8 points, or 0.46%, to 16328.756 at the opening bell.

​Agrochemical firm Best Agrolife Ltd on Tuesday said the company's shares will be listed on the National Stock Exchange (NSE) from April 10. "The equity shares of the company shall be listed and admitted to dealings on the Exchange with effect from April 10, 2024," the company said in a statement.

The Indian markets pared gains after hitting fresh record highs on Tuesday. The S&P BSE Sensex climbed Mount 75K for the first time to hit a record high of 75,124 while the Nifty50 hit a record high of 22,768.

The Nifty on Tuesday ended about 23 points lower to form a small negative on the daily chart, indicating that bulls are getting tired at new highs.

BofA Securities has invested in TAC Security, a recent debutant on the NSE SME platform, through its fund – BofA Securities Europe SA.

Stating that there is a potential for re-rating across multiple verticals of Reliance Industries (RIL), global broking firm Morgan Stanley has taken an overweight stance on the oil-to-retail conglomerate with a price target of Rs 3,046, signaling an upside potential of 2%.

The S&P BSE Sensex hit a fresh lifetime high of 75,124.28 in early trade before ending the session at 74,684, down 59 points 0.08%. The broader Nifty scaled a new peak of 22,765.30 but settled at 22,643, lower by 24 points or 0.1%.

While IMD has issued heatwave alerts, Prabhudas Lilladher has listed some stocks that could be your cool refuge this summer. Take a look

In equity markets, whatever precaution one might take, the probability of a mistake of getting stuck with a wrong stock is always high. Especially when stocks have been bought when even bulls don't know why they are so bullish. That was the case for a large part of 2023 and even in the first two months of 2024. While the way markets have behaved in March should have ideally made us learn some lessons. But the fact of life is that three days of strong up move in the mid caps segment and we all forget what happened recently. So, mistakes are an integral part of the learning curve of the stock market. But then there are mistakes and silly mistakes, just try to avoid silly mistakes and that is where using more qualitative and quantitative measures will come into play.

Sterlite Technologies may offer a discount of not more than 5% on the floor price for the issue, which will be determined by the company in consultation with the book-running lead manager.

Domestic equity bulls drove a 1000-point rally in S&P BSE Sensex, surpassing 75,000. Nifty50 hit a new high. Market sentiment buoyed by various factors. Future direction may hinge on earnings performance.

One of the sectors which has got strongly re-rated in the last four years has been hotel and tourism. Whenever there is a re-rating of a sector, it is the leader of that sector which tends to get re-rated first. So, it was the stocks of Indian hotels, which led the rally and then others joined the bandwagon. Now whether the industry has got re-rated should be judged by how the numbers have panned out across the companies in the sector. If there is an improvement across the board, then it is sectoral re-rating which is sustainable. If only one or two players have shown improvement then it is probably because the management of those companies have adopted a clever business strategy. Now the question is whether the re-rating will sustain or not. Second, whenever the markets are falling should one buy hotel stocks? The answer to these questions lies in looking at the fundamental numbers across the players in the industry. We take a look at 10 stocks, some of which are not rated, but their overall score is positive to neutral.

Hindustan Copper soared 11% to hit its 52-week high of Rs 366.40 on the NSE. The stock traded amid significant volumes with over 4.80 crore shares changing hands on the NSE around 1:30 pm.

MSCI India Standard Index rebalancing announcement is scheduled for May 14, post-market hours. Based on the current price, JM Financial expects the following inclusions and exclusions. However, investors must note the list is subject to change, depending on the stock price prevailing during the cut-off period. Based on the current price, the inclusion of ~18 stocks cannot be ruled out, totalling an inflow of $2.7 billion. Here are the top stocks that could see the highest inclusions:

Bain Capital has sold its Axis Bank stake at 1,071 rupees ($12.87) per share to raise $429 million, according to a source with direct knowledge of the matter.

The global brokerage believes wealth managers are well-placed to ride on India's economic growth and financialization of savings, especially in capital markets. Leading players will benefit from strong inflows and operational efficiencies to deliver 20-22% profit CAGR over FY24-27E. A rise in the share of trail fees (70-75% by FY27E) improves earning visibility and supports valuation re-rating

Tokyo stocks closed higher on Tuesday, helped by rallies in US tech giants and a weaker yen. Wall Street stocks finished flat Monday, but the tech-rich Nasdaq Composite Index nudged higher and the Philadelphia Semiconductor Index also closed up.

Aluwind Architectural listed at Rs 45 on NSE SME platform, focusing on aluminum products like windows and doors. The IPO had 66 lakh shares with 8 times subscription. The company operates from a Pune facility with CNC machines for precision manufacturing.

BofA said that regulatory tech spending by banks is expected to go up as they are required to meet Basel III norms. Moreover, SAP upgrade deadline in the US is now becoming more of a priority for enterprises amidst the 2027 support deadline.

Voters in India, meanwhile, will cast ballots later this month, with self-styled strongman Narendra Modi expected to win a third term as prime minister in the world's most populous country.

The company which operates Paytm is expected to witness a gradual growth in its lending business, the brokerage said in a review note.

Creative Graphics Solutions saw a 105% surge on NSE SME debut, after the IPO being oversubscribed 200 times. The company offers flexographic printing plates and pharmaceutical packaging solutions, with subsidiaries providing premedia services.

Godrej Properties' shares surged 7% with highest-ever quarterly sales of 5,000 homes. FY24 bookings exceeded expectations, reaching over Rs 22,500 crore. MD & CEO Gaurav Pandey optimistic about company's growth and market expansion.

The company which operates Paytm is expected to witness a gradual growth in its lending business, the brokerage said in a review note.

Blindly following successful investors like Warren Buffett and Ray Dalio may not guarantee financial success. Understanding the nuances of their strategies, such as diverse investments and evolving value definitions, is crucial for aspiring investors.

Shares of Gland Pharma dropped 6% to Rs 1,745 on BSE as entities related to ex-promoter Dr Ravi Penmetsa sold 5.5% equity. Large block deals of 91 lakh shares worth Rs 1,600 crore reported.

Nifty opened positive and largely held on to its gains at close.

Effective financial management balances children's education costs with retirement planning through early strategic savings, asset allocation, and clear financial goal setting. Prioritizing education quality without compromising retirement ensures a secure future for both generations.

Morgan Stanley maintained an overweight rating on Maruti Suzuki but raised the target price to Rs 14,322 from Rs 11,228 earlier.

The PSU stock has already more than doubled investors’ wealth in the last year and rallied over 30% in the last 3 months. However, it has been moving in a range for the past month.

The S&P BSE Sensex topped the 75,000 mark for the first time to hit a new peak of 75,124 while the broader Nifty50 scaled a fresh high of 22,765. Later both indices traded 0.20% higher.

Bain Capital sold a 1.1% stake in Axis Bank for Rs 3,500 crore in a block deal. BofA Securities issued a term sheet, wherein Integral Investments South Asia IV, BC Asia Investments VII & III were looking to offload shares.

Fed funds futures contracts for December on Monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that had been priced at the start of 2024. The prospect of a first 25 basis point cut in June stood at 49%, down from 57% a week ago, CME Group data showed on Monday.

After its strong debut in late March, investors have soured on Trump Media & Technology Group after the company disclosed millions of dollars in losses earlier this month and said it would struggle to meet its financial liabilities.

Shanghai copper futures were up 1% at a two-year high and have gained more than 10% in a month. Zinc made a five-month high in Shanghai, where Aluminium made a 22-month peak on Monday.

That report heightened chances that the Federal Reserve could delay implementing its first interest rate cut at its monthly Federal Open Market Committee meetings longer than previously expected.