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Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion India's Nexus Select Trust rose nearly 4% in their trading debut on Friday, giving the Blackstone Inc-backed retail REIT a valuation of 157.56 billion rupees ($1.93 billion). The company, better known as Nexus Malls, saw its units rise to 104 rupees, compared to the 100-rupees-a-unit price of its initial public offering (IPO), in which it raised 32 billion rupees. The IPO, the first-ever by an Indian retail REIT, comes as public floats show signs of recovery after volatile markets a...
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Source: Reuters
19/05/2023 11:13:21 AM
Book profits in Indian equities as U.S. recession imminent - BofA Securities BofA Securities said on Thursday that investors in Indian equities should book their profits as it expects the benchmark Nifty 50 index to dip slightly at the year-end due to a U.S. recession and weaker-than-expected domestic corporate earnings. The Nifty 50 has inched up 0.36% to 18,170 points so far this year. After a weak start to the year, the index has rallied since April, including a six-session winning run through Tuesday. However, BofA expects the Nifty to drop nearly 1% from th...
Book profits in Indian equities as U.S. recession imminent - BofA Securities
Book profits in Indian equities as U.S. recession imminent - BofA Securities
Source: Reuters
4/05/2023 3:44:56 PM
India`s Nifty could post 5% gains next year -BofA Securities India's benchmark Nifty 50 index will rise roughly 5% next year, which would be its slowest growth in 5 years, BofA Securities estimated, but also said Indian stocks were a good bet if a global recession struck. BofA Securities expects the bluechip index to close at 19,500 points next year, while continuing to be volatile and trade between 17,000 and 20,000 levels for the year. The Nifty 50 index is up slightly more than 7% at 18,584 so far in 2022, after three straight years of dou...
India`s Nifty could post 5% gains next year -BofA Securities
India`s Nifty could post 5% gains next year -BofA Securities
Source: Reuters
13/12/2022 4:07:17 PM
FIIs' stake in NSE 500 companies at over 2-year low, says BofA Securities report Ownership of foreign institutional investors in Indian stocks -- NSE 500 companies -- hit an over two-year low of 19.5 per cent in the month of March 2022, a report by multinational firm BofA Securities said. March of 2022 was the sixth consecutive month of FII outflows (-) $5.4 billion, most severe since March 2020, the initial days of Covid, on the back of continued geopolitical risks, sustained elevated inflation led by supply-side issues, rising commodity costs. In April so far, how...
FIIs' stake in NSE 500 companies at over 2-year low, says BofA Securities report
FIIs' stake in NSE 500 companies at over 2-year low, says BofA Securities report
Source: IANS
25/04/2022 3:42:02 PM