Big Movers on D-St: What should investors do with M&M Finance, Ease My Trip and Kalyan Jewellers?
Volumes were quite high, and the stock was forming a higher top and higher bottom patterns. From highs, the price witnessed some selloff to form a flag pattern. It breached the pattern and was trading at an all-time high level of 102 this week.
What changed for market while you were sleeping
Major Asian shares opened higher, before turning mixed, on Thursday, bucking the trend after Wall Street faltered on profit-taking as recent global rallies fizzled out. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.19 per cent higher.
Stocks in the news: HDFC Bank, Tata Steel, ZEEL, HCL Tech and Apollo Hospital
The Competition Commission (CCI) gave its conditional approval to the mega-merger deal between Sony and Zee that will create one of the largest media groups in the country.
Smaller funds cold to India’s inclusion in global bond indices
Such standalone entities, unlike global financial heavyweights familiar with India’s capital markets and its regulatory environment, believe the burden of regulatory compliance might outweigh the rewards. If they come to India, they will have to first register as an FPI, a process that itself takes about three to six months.
Sebi likely to start prosecuting soon for serious offences
Sebi is currently vested with powers equivalent to that of a civil court and passes penalty orders against entities that commit market offences. However, if it wants to initiate criminal prosecution against any such market perpetrators, it has to go through the regular courts. In the past few years, Sebi hasn’t used its prosecution powers […]
Jet Airways lenders, ‘buyer’ clear runway for deal to take off
The 15-month delay after the National Company Law Tribunal (NCLT) had approved the plan has made lenders wary of the consortium’s promises.
NARCL makes offers to PSU lenders for Jaypee Infratech debt
NARCL’s ₹3,570-crore offer for the ₹9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge auction. Lenders led by IDBI Bank have invited expressions of interest on October 10 and scheduled an auction on October 27, according to a bid document circulated to ARCs. NARCL will have the right to match […]
Fed’s Daly sets high bar for slowing rate hikes
Hammering home the point, she added that it’s “really challenging” to slow the pace of policy tightening amid rising core inflation. Consumer price inflation excluding food and energy rose 6.3% in the 12 months through August, marking an acceleration from 5.9% in the 12 months through July.