TCS, Bajaj Auto among 8 stocks that closed below their 200 DMA
Eight stocks with a market cap of over Rs 10,000 crore in the NSE list experienced their close prices falling below their 200 DMA (Daily Moving Averages) on March 14
US Fed may pause rate hike between July & September: Sandeep Tandon
So maybe if I have to say from a longer term perspective, maybe first half of 2023 it should bottom out. So that should be again an indication that by first half of 2023, globally also in many markets, okay you leave aside China which has done extremely well and that data points still remain […]
Citi sees Paytm shares rising 82% as growth momentum sustains in Feb
“Its payments consumer and merchant base offers a large addressable market, thereby providing a long runway for growth. We continue to work with our partners to remain focused on the quality of the book,” the company said.
Market upside limited till there’s some turnaround in global markets: Rakesh Arora
US meltdown does not really impact us but we would in any case be slowing down given that interest rates have risen by more than 200 basis point in India also and it does not look likely that we are going to stop immediately.
ETMarkets Smart Talk: Not a Lehman moment but SVB collapse a warning sign, says this Rs 500 cr fund manager
At this time, it looks like a self-inflicted error caused by poor decision-making as it is not in trouble due to bad lending practice but due to not properly managing the ALM mismatch thereby resulting in a short-term liquidity crunch.
ETMarkets Fund Manager Talk: SVB-like events more smoke than fire, no fundamental impact on India: Vikas Gupta
It is clear that the Fed rate hikes are working, with both, positive and negative consequences. CPI going down is the positive and SVB and other US banks facing asset-liability mismatches is negative.
Meta needs little more injection of innovation: Aditya Narayan Mishra
If this delayering really helps them, sometimes it does, innovation becomes easier when the organisation gets delayed; however, it needs careful navigation. I hope that Meta is able to navigate that.
Asian shares gain as fears about rapid Fed hikes, bank crisis fade
As recently as last week, markets were braced for the return of large Fed hikes but the swift collapse of SVB has changed those expectations, with market pricing in an 80% chance of a 25 basis point hike next week.
Union Bank of India fails to get bidders for its bad loans
Union Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at least 40%. For the ₹212-crore debt to Hotel Horizon, the reserve price was set at ₹165 crore, seeking at least 77% recovery.
Divgi TorqTransfer lists at 5.1% premium
The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani’s family trust offloaded 1.44 million shares.