Stocks in news: LIC, Dish TV, Adani Ports, Adani Total Gas, Tech Mahindra
Shareholders of Dish TV India rejected appointments of four candidates as non-executive independent directors on the company board, reducing the strength to just directors.
RBI may use more forex reserves to support rupee
The Reserve Bank of India’s project to shore up foreign currency reserves would be hampered by as foreign portfolio investors offload their investments in the Indian capital markets in the hunt of better returns from US bonds, pushing the central bank to sell dollars to ease currency volatility, experts said.
RBI keeping close watch on top 20 conglomerates
The RBI, also the banking sector regulator, is closely monitoring profitability and other financial performance measures of these conglomerates and their companies besides parameters such as the quantum of debt raised from other sources like external commercial borrowings or bonds for any signs of stress.
Foreign funds bullish on capex theme, also buy into IT, healthcare
About 80% of the foreign portfolio investor (FPI) inflows into Indian equities in February 2023 went into capital goods, services, information technology, and healthcare.
PMS companies told to share anti-money laundering policies
Besides senior professionals figuring in the high net worth individual (HNI) investor club, several Bollywood actors, cricketers, as well as high-level government functionaries put a slice of their wealth with PMS firms.
Local fund buying shields D-St from pressure of overseas funds’ selloff
The gross purchase of domestic funds amounted to ₹1.01 lakh crore and the gross buy-to-sell ratio – a measure of underlying investment momentum – stood at 1.14, compared with a long-term average of 1.07, showed data from the Securities and Exchange Board of India.
Nifty could rally towards 17,850: Analysts
The Nifty supported a falling trend line extension near 17,300. After that, we witnessed a rally towards 17,600. For the time being, any fall towards 17,300 or lower levels can be used as buying opportunity. On the upside, 17,800 might be the initial hurdle, but 18,200 would be the trend decider after that. Only a […]