Hero MotoCorp margins rise, volumes next focus
This is the fourth quarter in a row Hero has managed to expand its Ebitda per vehicle on a quarter-on-quarter basis when industry volume growth is still 25% lower than the peak of FY19.
Centre may see a big jump in RBI dividend in FY24
The Budget has estimated receipts of ₹48,000 crore in FY24 by way of total dividends from public sector banks and the RBI.
China’s gold splurge reaches sixth month
The voracious appetite for gold has helped prices scale near-record highs as markets fret over a slowing US economy and signs of persistent credit stress. Geopolitical risks stemming from increasingly fragile Sino-American relations are also boosting the safe-haven appeal of bullion.
Selling could intensify if Nifty breaks 18,042: Analysts
Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, L&T, Maruti, TVS Motor, Indian Hotels, Apollo Tyre, MRF, Titan, and Havells can be bought for trading purpose, said analysts.
3 Russian investors register with Sebi to enter FPI list
Two Russian institutional entities and an individual, all based in Moscow, appear in the list of registered foreign portfolio investors (FPIs) with the Securities and Exchange Board of India (Sebi), as per information shared by the National Securities Depository Limited.
MSCI to cut weights in Adani Total Gas, Adani Transmission
According to a release on Friday, Adani Total Gas’ FIF would be reduced to 14% from 25%, while for Adani Transmission, it decided to reduce it to 10% against 25% earlier. The MSCI May Index review announcement is scheduled for May 11.
FPIs turn their focus back on BFSI, buy stocks worth Rs 7,690 cr in April
These investors bought shares worth ₹7,690 crore into India’s banking and financial services stocks in April, after being sellers to the tune of ₹15,700 crore in the sector between January and March 2023, according to data compiled by primeinfobase.com. In calendar 2022, FPIs sold banking and financial services shares worth ₹61,177 crore.