Stocks to buy or sell today: 10 short-term trading ideas by experts
The S&P BSE Sensex and Nifty50 recouped losses on Wednesday to settle with mild gains.
Fineotex Chemical ramps up business diversification with Rs 150 crore worth order from FMCG sector
The new order size would be equivalent to quarterly revenue of the company thereby adding significantly to the revenue visibility. It had revenue of Rs 368 crore in FY23, with operating profit of Rs 71 crore, which implies a margin of 19.3%.
Stocks in the news: Paytm, Wipro, Auro Pharma, Timken, Page Industries and Nykaa
Japan’s SoftBank is looking to sell shares of Paytm parent One97 Communications worth $200 million through a block deal. BofA Securities is the banker for the deal, and the floor price has been set at Rs 555-601.
What changed for market while you were sleeping
Wall Street’s main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slid after Micron’s supply cut.
Gold flat as geopolitical tensions ease; focus on future Fed path
Gold prices hit a three-month peak of $1,786.35 per ounce on Tuesday, after news that Russian missiles killed two people in Poland near the Ukraine border.
NARCL gives binding offer of Rs 600 crore for Rolta’s local debt
Promoted by Kamal Singh, Rolta India has an outstanding due of ₹5,712 crore with banks and senior notes (overseas borrowings) of ₹3,382 crore, as of March 31, 2022, according to a disclosure made by the company to the stock exchanges. The offer by NARCL is for domestic loans.
UK inflation hits 41-year peak on energy expenses
The Consumer Prices Index hit 11.1 percent on an annual basis, up from 10.1 percent in September, the Office for National Statistics said in a statement on the eve of a key government budget.
Earnings upgrades likely to be limited amid slower recovery
This isn’t good news for the market, which is trading at higher valuation multiples than its historical averages, said analysts. In the past three months, 215 companies in the NSE 500 index have seen earnings downgrades, compared with 145 upgrades.
RBI Guv asks banks to be vigilant about macro situation
Reserve Bank of India Governor Shaktikanta Das also acknowledged the crucial role played by the commercial banks in supporting the economic growth throughout the turbulent times since the outbreak of pandemic and the ongoing financial market turmoil. The governor also said that the Indian banking sector has remained resilient and continued to improve in various […]
MSMEs’ revenues to touch pre-COVID levels: Report
Almost all the MSMEs are expected to cross the pre-pandemic level of revenue. “The overall MSME sector is expected to bounce back to 1.27 times of the pre-Covid level in terms of revenue this fiscal” said Pushan Sharma, director – research, Crisil Market Intelligence & Analytics.