News Overview

The anticipated lower opening for Indian markets on May 24 reflects the cautious sentiment among investors, influenced by the global economic landscape and concerns over tighter monetary policy in the US.

After the Listing, the share price increased by an additional 7% to close at ₹305.65, an 12.37% increase.

The Red Sea crisis appears to be taking its toll on the goods exports as it sees a sharp fall

Overall, AUM growth of mutual funds was largely driven by the debt fund effect

While expressing confidence on inflation controlled measures, the FOMC was still worried about the last mile

The IPO bidding will close on Monday, May 27.

Except for the metal and pharma sectors, all other sectoral indices ended in the green. The auto, banking, and capital goods sectors each saw a 2% increase.

Foreign institutional investors (FIIs) net sold shares worth ₹686.04 Crore, while domestic institutional investors (DIIs) infused ₹961.91 Crore into the market on May 23, according to provisional data from the NSE.

The collaboration aims to leverage MG Motor India's forthcoming range of electric vehicles along with Vertelo's integrated electrification solutions for fleet operators and corporates to expedite the transition to a more sustainable transportation ecosystem.

At the operating level, EBITDA increased by 8.3% to ₹3,034 Crore compared to ₹2,802 Crore in the previous fiscal year.