Stocks to buy or sell today: 10 short-term trading ideas by experts
Tracking the momentum, experts see Nifty50 inching towards 18000 levels in the next few sessions. “We believe further buying will enable the indices to come out of this consolidation range and can take the indices towards crucial levels of 18000,” Mohit Nigam, Head – PMS, Hem Securities, said.
A 100-year-old Indian bank set to raise $100 million amid curbs
The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.
Sensex reclaims 60,000 on buying in index heavyweights; Nifty near 17,900
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said that in India, the market momentum is so strong that the benchmark indices are moving towards previous record highs. Even though valuations are getting expensive investors should remain invested in this strong market.
Bitcoin nears $20,000; Solana, Polkadot and Avalanche gain up to 7%
The global cryptocurrency market cap was trading decently higher at the $994.1 billion mark, surging almost 2 per cent in the last 24 hours. However, the total trading volume dropped more than 5 per cent close to $73.39 billion.
Big Movers on D-St: What should investors do with L&T, ICICI Bank and Bank of Baroda?
Stocks that were in focus include names like L&T which formed a Golden Crossover and rose nearly 1 per cent, ICICI Bank which gained over 2 per cent to hit a fresh 52-week high, and Bank of Baroda which gained over 3 per cent.
Oil prices retreat on demand destruction fears, benchmarks off 4% for week
The drop has come despite a small output cut by the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, Russia’s threat to cut oil flows to any country that backs a price cap on its crude, and a weaker outlook for U.S. oil production growth.
Higher FDI limit gives us an option in India: Mark FitzPatrick
We are very pleased with the fact that the FDI rules have changed, and that we now have the option. We’re looking to spend greater time understanding the market and opportunity. The team has confidence in their ability to double the VNB (value of new business) from 2019 levels by the end of the next […]
Digital lending norms aimed at protecting consumers: RBI Deputy Governor M Rajeshwar Rao
“The framework is designed to strike a balance between the need for an innovative and inclusive system while at the same time ensuring that the regulatory arbitrage is not exploited to the detriment to the customer’s interest,” Rao said at an event organised by industry grouping Assocham.
More Retail plans to go the IPO way for growth
The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities – Coda Holdings Singapore and Coda Holdings LLC.
CreditSights acknowledges errors in debt report on Adani Group companies
“In a follow-up to our report outlining our credit concerns with Adani Group companies, we are presenting this piece to reconcile our calculations with Adani Group’s presentation,” CreditSights said in a report Thursday. “We discovered calculation errors we had made in two of the Adani Group companies – Adani Transmission and Adani Power.”