Stocks to buy today: 9 short-term trading ideas by experts for 20 December 2022
In the previous session, the S&P BSE Sensex rose more than 400 points while the Nifty50 reclaimed 18,400 levels.
Radiant Cash Management IPO to open on Dec 27; price band fixed
Radiant Cash Management Services is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India.
ETMarkets Fund Manager Talk: Here’s why this $4 billion asset manager is betting big on consumption stocks?
I oversee total assets of $4.5 billion across PMS, AIF and Advisory mandates. Indian Entrepreneur Portfolio is our largest portfolio with total assets of $2.56 billion. This portfolio was launched in January 2020, with a focus on value creation by investing into high quality family-owned businesses.
Big Movers on D-St: What should investors do with General Insurance, Adani Enterprises and Bata India?
Stocks that were in focus include names like General Insurance Corporation which rallied more than 12%, Adani Enterprises which rose over 2% to hit a fresh 52-week high and Bata India which closed with gains of over 1% on Monday.
Yen on defensive before BOJ; NZ dollar sinks
While the BOJ is set to maintain ultra-low rates and reassure markets it’s in no rush to withdraw stimulus, Governor Haruhiko Kuroda’s media conference will be carefully watched for hints of any looming policy tweaks heading toward the end of his term in spring.
Sugar stocks gain on export hopes, cut in ethanol GST
Some analysts warned that export quota relaxations, reduction in GST rates for ethanol production, and early forecasts of production shortfall were only short-term triggers.
ICICI Direct sees Nifty at 21,400 in 2023
Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include Ambuja Cements (target ₹660), Bosch (target ₹22,000), Federal Bank (target ₹168), and Sundaram Finance (target ₹2,890) – all translating into returns of 17-23%.
Adani Group company VCPL has picked up 8.27% stake via open offer, says NDTV
The total shareholding of Adani has increased to 37.45% with the closure of the open offer. The open offer was triggered after VCPL acquired a 99.5% stake in RRPR Holding Private Limited (RRPR) which translated to 29.18% of the shareholding in the TV news company
NSE Chief favours longer trading hours
Speaking at the pre-budget roundtable meeting organised by three Indian markets industry associations – Association of National Exchanges Members of India (ANMI), Bombay Stock Exchange Brokers’ Forum, and the Commodity Participants Association of India, Chauhan urged the trade bodies to back a proposal for longer trading hours.
HDFC raises retail prime lending rate by 35 bps
With effect from December 20, 2022, Home Development Finance Corporation Ltd. (HDFC) increased its Retail Prime Lending Rate (RPLR) by 35 basis points.