Nifty snaps a four-day run at 23,329 as IT gets downgraded

Punjab, Sept. 22 -- The Nifty snapped a four-day winning run, closing at 23,329, with the Sensex down 330 points. The market opened higher on a strong overnight session in New York and gave it all bac... Read More

The RBI drained Rs 25,000 crore from the banking system, quietly

Punjab, Sept. 22 -- The Reserve Bank sold Rs 25,000 crore of government securities through an open market operation, draining that much liquidity out of the banking system. It is a small, technical ac... Read More

NSE allotment is done, and if you applied through ASBA no refund is coming

Punjab, Sept. 22 -- The NSE finalised the basis of allotment for its Rs 22,561.57 crore issue on Tuesday. It drew demand of over Rs 90,000 crore across a five-day window and closed subscribed 5.71 tim... Read More

Foreign investors have pulled Rs 20,974 crore out of Indian equities this month

Punjab, Sept. 22 -- Foreign portfolio investors have withdrawn Rs 20,974 crore from Indian equities in September. That takes the 2026 total to about Rs 2.45 lakh crore - already larger than the whole ... Read More

NSE allotment is today, and a Rs 49 grey market premium is not the good news it sounds like

Punjab, Sept. 22 -- The NSE's Rs 22,562 crore issue finalises its basis of allotment today. It closed subscribed 5.70 times, with institutions at 12.68. The grey market premium is around Rs 49 - an im... Read More

Wall Street rallied overnight, Brent fell a fourth day, and GIFT Nifty points up 49

Punjab, Sept. 22 -- Overnight in New York the S&P 500 rose 1.49% and the Dow 0.71%. Brent steadied near $101.7 after a fourth consecutive daily fall. GIFT Nifty is quoted at 23,495, up 49 points, poin... Read More

Snapdeal's parent is listing at Rs 30 to Rs 32 a share, and two-thirds of it is fresh money

Punjab, Sept. 22 -- AceVector, the parent of Snapdeal, has set a price band of Rs 30 to Rs 32 for a Rs 420 crore IPO opening on 25 September. The anchor book opens on the 24th - the same day the NSE l... Read More

Indian Pharmacopoeia standards are recognised in 25 countries, and India now has a seat where they are written

Punjab, Sept. 21 -- Indian Pharmacopoeia standards are now recognised in more than 25 countries, Union Minister of State for Health Anupriya Patel said on Monday. The Indian Pharmacopoeia Commission h... Read More

The iPhone 18 Pro is on sale in India, and the top configuration costs Rs 3,29,900

Punjab, Sept. 21 -- The iPhone 18 Pro and Pro Max went on sale in India on 18 September, with queues outside Apple stores in Delhi, Noida, Mumbai and Bengaluru from before opening. The Pro starts at R... Read More

The big SEMICON commitments were not fabs, and that is the better outcome

Punjab, Sept. 21 -- The investment announcements out of SEMICON India last week were not fabs. Applied Materials committed $5 billion over ten years, Lam Research around Rs 10,000 crore, and Fujifilm ... Read More

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