Tech View: Bearish-to-neutral view on Street ahead of expiry. What traders should do on Wednesday
India VIX was down 2.20% from 15.44 to 15.10 levels. Volatility is expected to be high tomorrow due to the expiry of weekly and monthly derivatives.
Alibaba splits into six units that may pursue individual IPOs
“Each business group and company can pursue independent fundraising and IPOs when they are ready,” Zhang said in a statement.
Bear Trap! Why Bandhan Bank shares hit 3-year low
The reason for the sharp fall in the stock couldn’t be ascertained at the time of filing this report. However, the private sector lender has been struggling with rising bad loans at a time when most of its peers, including the public sector ones, have shown sharp improvement in asset quality.
No negative impact of global economic crisis on hospitality industry right now: Sanjay Sethi, Chalet Hotels
The occupancies and rates are marginally higher than the previous quarter. So we expect this quarter to be a strong quarter. I must highlight to you quarter on quarter improvement over here. We did say at the end of quarter two that it was the best ever quarter for Chalet Hotels, both revenue wise and […]
Here’s why Jigar Mistry is bullish on Archean Chemical
Within the space, the player that we do own is a company called Satin Creditcare. It is around one of those smallcap with Rs 1,000 crores market cap. I think that is an interesting space which is developing. This is one name that we have owned for a while now and I think we continue […]
6 stocks on which brokerages have initiated coverage can rally up to 56%
So far in 2023, Nifty has declined nearly 7% amid unfavourable global cues and relentless FIIs selling. However, a host of brokerage firms have initiated coverage on several stocks. They see a strong potential in these companies, with a targeted upside of up to 56%. These stocks belong to various industries such as information technology, […]
EPF interest rate fixed at 8.15% for FY 2022-23 by EPFO: Sources
The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial year 2022-23 as per the sources quoted by news agency PTI. If this interest rate is finalised by the Central Board of Trustees (CBT), then there is hike in interest rate by 0.05%. The EPFO board is meeting for two […]
Don’t see India getting much impacted by tightening or US banking crisis: Jigar Mistry
We are dealing with a credit growth cycle, NIM cycle, credit cost cycle and the valuation cycle. Now when you look at credit growth that is reasonably strong across the board and therefore everybody benefits in a tide that is rising.
Sensex vs gold: Which will hit the 1 lakh-mark first?
Considering the turmoil in global markets, gold remains an attractive asset at this point. “We feel that it would be prudent to start with a higher exposure to debt and gold in 2023 and move towards equities in a calibrated manner through superior stock selection. Till there is clarity on the global macroeconomic front, it […]
Hot Stocks: Brokerages on Paytm, Ambuja Cements, Indian Hotels and PI Industries
Brokerage firms Morgan Stanley maintained an Equal-Weight rating on Paytm, Jefferies initiated a buy call on Ambuja Cements, UBS maintained its buy stance on Indian Hotels, and JM Financial maintained a buy rating on PI Industries.