ETMarkets Smart Talk: FIIs are also exploring opportunities in small- and mid-cap space: Ramkumar K
Sheer economic challenges may bring inflation down, and, in turn, will force Central Banks to hold and reduce rates. Such an economic scenario does not favour equities and corporate earnings.
US stock market: Nasdaq rallies as earnings season boost offsets economy worries
The Nasdaq led gains on Wall Street on Thursday, buoyed by Facebook parent Meta Platforms posting quarterly results that beat revenue forecasts. The social media giant also claimed artificial intelligence was helping to drive traffic to its services and lift ad sales. The S&P 500 communication services index saw its biggest daily percentage gain since […]
Big Movers on D-St: What should investors do with Raymond, Glenmark Pharma and KPIT Technologies?
Indian market closed higher for the sixth consecutive day due to positive global cues, with the S&P BSE Sensex rising over 300 points and Nifty50 closing above 17,900 levels. Stocks that performed well include Raymond, which rose by over 6%, Glenmark Pharma with over 5%, and KPIT Technologies which saw a fresh 52-week high. Technical […]
F&O rollovers hint at improving sentiment, Nifty hits 2-month high
About 65% of the Nifty futures contracts were rolled over to May series, according to the exchange data. This is far lower than the previous series of 74% as well as the three-month average of 75%.
Online stock brokers’ bull run hits a bump; number of active users slide
Amid market volatility and return to office, active user base shrinks for some major players
Analysts divided over Bajaj Finance despite strong Q4
Shares of the Sanjiv Bajaj-led company advanced 2.38% on the NSE on Thursday to close at its two-month high of ₹6,200 per share. More than 29 lakh shares were traded on the BSE and NSE, up 2.6 times its combined average daily volume for the last one month.
Bitcoin extends volatility in climb back to $30,000
On Thursday, Bitcoin had surged 7.3% but erased move and fell into the red, leaving investors scratching their heads – as is the case with swings in crypto prices. The retreat sparked a litany of speculation.
Mankind Pharma IPO subscribed 15.32 times
This will be one of the largest public issues by a domestic drug manufacturer after the ₹6,480-crore IPO of Gland Pharma in 2020. The qualified institutional buyers (QIB) category was subscribed 49 times, while the non-institutional investors or high net-worth individuals’ portion was subscribed 3.8 times. However, the retail investor’s portion was under-subscribed at 92%.
Improving volume growth without hurting margins a hurdle for HUL
In absolute terms, ad spend for the quarter has remained the same over the year ago level at ₹1,290 crore. But as a proportion of sales, the ad spend fell by 95 bps YoY and increased 80 bps sequentially – indicating that the company has stepped up its investments behind its brands.
HDFC plans Rs 15,000-crore bond issue
The bonds, which will mature on May 3, 2033, are rated AAA by Crisil and ICRA, the housing financier said. The debt sale is part of the ₹57,000-crore fund-raising plan approved by HDFC’s board on March 27, 2023.