F&O Ban: Delta Corp, Balrampur Chini under ban for trade on Wednesday
Delta Corp and Balrampur Chini Mills are still on the F&O ban list for trade on 19 April, according to NSE data, however, they will be available for trading in the cash market. A stock enters the ban period if open interest (OI) on it exceeds 95% of the market-wide position limits – the MWPL. […]
ETMarkets Smart Talk: Accumulate stocks in a staggered manner for next 3-4 years: Kedar Kadam
The key factors like Inflation, Interest rates, and fears of a global recession which dominated the investors’ sentiments for the most part of FY’23 continue to accompany us as we head into FY’24.
Gold prices inch up as US dollar eases
Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates dim the non-yielding asset’s appeal. Meanwhile, the European Central Bank’s (ECB) chief economist backed a further rate increase at the ECB’s next meeting but said its size would depend on incoming data, especially a survey of euro zone banks.
Big Movers: What should investors do with Indian Bank, JBM Auto and Glenmark Pharma?
Stocks that were in focus include names like Indian Bank which was up more than 3%, JBM Auto which rose more than 6% and Glenmark Pharma which closed with gains of over 3%. All stocks hit fresh 52-week highs on Tuesday.
Oil prices edge higher on falling US inventories, China data
Prices got a lift from an industry report showing that U.S. crude stocks fell by about 2.68 million barrels in the week ended April 14, according to market sources citing American Petroleum Institute figures on Tuesday.
Local benchmark yield continues to feel impact of swings in US bonds
From a high of 7.62% in mid-June, yield on the Indian 10-year bond declined to 7.19% at the end of August. Following its off-cycle repo rate increase of 40 basis points in May, the Reserve Bank of India (RBI) hiked the policy rate by 50 bps each in June and August.
Pre-packaged resolution for MSMEs yet to unwrap success
Bankers are reluctant to take any MSME through the process anticipating a deep haircut while promoters of MSMEs do not want to risk losing their company to a third party. The government, meanwhile, is considering a similar process for larger companies as delays in cases are seen as potentially diminishing the appeal of the Insolvency […]
Some McDowell investors knock on SC door
The shareholders of McDowell including Porinju Veliyath’s Equity Intelligence and US investment firms Acacia Partners, and the financial creditor are locked in a legal battle over control of the company. The appeal in the Supreme Court was filed by 15.51% of shareholders.
Tata Motors gathers momentum on bourses with improving JLR business
JLR expects free cash flow (FCF) to reach over 800 million pounds for the March 2023 quarter. For FY23, FCF is estimated to be over 500 million pounds implying cash outflow in the earlier quarters of the fiscal year. The FY23 FCF will be the highest in seven years. It is also significantly higher than […]
SGX Nifty derivatives would entirely trade from GIFT City from July 3
In July, 2022 Prime Minister Narendra Modi launched the NSE IFSC-SGX Connect, a joint venture between the National Stock Exchange of India (NSE) and the Singapore Exchange (SGX), which would trade and clear Nifty equity derivatives for global institutions.