India’s weight in MSCI EM index rising, FIIs driving markets to new highs: Divam Sharma, Green Portfolio
If you look at the known devils in the market, most of them are factored in be it inflation, war situation, recession probability in some developed nations, supply chain and energy crisis.
At multi-year highs: These 7 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 5,000 crore, seven stocks crossed their previous 5-year high value at the close on December 13, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look
Big Movers on D-St: What should investors do with UCO Bank, Yes Bank and IOB?
Stocks that were in focus include names like UCO Bank which was up nearly 20%, Yes Bank which gained nearly 14%, and Indian Overseas Bank which closed with gains of nearly 15% on Tuesday.
KFin Technologies IPO to open on Dec 19; price band fixed at Rs 347-366
KFin Technologies is a leading technology-driven financial services platform. It is India’s largest investor solutions provider to mutual funds, based on several AMC clients.
Musk loses world’s richest man tag to Bernard Arnault
In January 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Meanwhile, Tesla shares are further sliding, amid reports that Tesla will cut production at its Shanghai plant by 20 per cent in December.
Robust FMCG uptick could boost consumer small-caps
Sapphire Foods, Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage’s top picks among smaller consumer companies. IIFL’s price targets for these stocks imply a 22-28% upside from Tuesday’s closing prices.
Resignations at PTC India Financial Services put focus on governance
Three independent directors have resigned since November 22 amid allegations of mis-governance at the company. Independent directors Jayant Gokhale and Devendra Saksena resigned on December 2 while Sushama Nath resigned on November 22 after the release of the audit report earlier in the month.
India may get Russia oil at below $60 per barrel
Multiple government officials and industry executives said domestic refineries will continue to buy cheap Russian oil with no major shipping or insurance trouble expected as the market rate for the key grade has fallen below the cap.
BoB proposes to sell its majority stake in Nainital Bank
BoB currently holds 98.57 per cent of the total equity share capital of NBL. Details about the process of transaction are given in the PIM, which will be published on Wednesday for inviting EOI from bidders, it said.
Sensex rises 402 points on global cues
“This definitely sets the ball rolling for the Fed to consider and deviate from the super aggressive rate hikes to mild or status quo policy actions,” said Dhawal Dhanani, fund manager at Samco Mutual Fund.