Big Movers on D-St: What should investors do with Ambuja Cements, Escorts and Fortis Healthcare?
The stock is trading near its breakout point, placed at Rs 580. The key technical indicators are positively poised on long-term as well as medium-term timeframe charts, while its short-term indicators tested the overbought zone and may reverse.
Gold prices steady with investor focus on Fed meet
Even though the dollar index dipped 0.3%, it wasn’t far from a 20-year high. Stronger greenback makes bullion more expensive for other currency holders. * The benchmark 10-year Treasury yield held close to its highest level in over a decade scaled on Monday. Holdings of SPDR Gold Trust , the world’s largest gold-backed exchange-traded fund, […]
Wall Street ends higher after choppy trading ahead of Fed
“This is all about what’s going to happen on Wednesday, and what comes out of the Fed’s hands on Wednesday, so I think people are just going to wait and see until then,” said Josh Markman, partner at Bel Air Investment Advisors.
What changed for market while you were sleeping
Asian stocks started Tuesday slightly higher after two days of losses and following a positive lead from Wall Street, though traders remain nervous ahead of the Federal Reserve’s interest rate decision later this week. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.73 per cent lower.
Stocks in the news: Adani Enterprises, Welspun Corp, KIMS, Ceat and Natco Pharma
The flagship company of the Adani Group, Adani Enterprises, has raised Rs 100 crore by allotment of 1,000 non-convertible debentures of face value of Rs 10 lakh each on a private placement basis.
Short-term rates surge as net surplus liquidity nears zero
The weighted average rate in the interbank call market, where banks lend and borrow among one another, was at 5.61% on Monday versus 5.17% last Thursday and 5.20% Friday, reflecting a surge of nearly half a percentage point.
Lower returns from debt driving retail investors into equities: Raamdeo Agrawal
In the short term, the demand-supply equation is determined by foreign investors (FIIs), retail investors, and fresh issuances of companies. Because of the correction in the market, issuances went down.
Cement stocks rally on hopes of a ready mix of more deals
Shares of Nuvoco Vistas surged 11% to Rs 446.3, while Chennai-based India Cements gained 9% to Rs 289.9. Kesoram Industries, Mangalam Cement, Sanghi Industries, and Gujarat Sidhee Cement jumped over 5% each. Ambuja Cement shares also gained 9.3% to Rs 564.9.
NARCL offers Rs 3,500 cr to take over Jaypee Infrastructure debt
Jaypee Infratech, a real estate and infrastructure company, was among the initial 12 companies the Reserve Bank of India (RBI) had referred to the National Company Law Tribunal (NCLT) in August 2017 under the Insolvency and Bankruptcy Code (IBC).
Sebi comes out with framework for social stock exchange
SSE is a novel concept in India and such a bourse is meant to serve the private and non-profit sectors by channelling greater capital to them. The idea of SSE was first floated by Finance Minister Nirmala Sitharaman in her Budget speech for the financial year 2019-20.