India is ‘capital starved’, needs to work towards getting capital to become USD 5-trillion economy: Ajay Piramal
Speaking at the Times Network India Economic Conclave 2023, he said India must learn from the rest of the world and allow pension funds and provident funds to invest into many companies instead of restricting them into investing mainly on government securities. Piramal, who was bullish on the future of the Indian economy, said this […]
Ahead of Market: 10 things that will decide D-Street action on Friday
Indian benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Thursday due to selling in banking, metal, and energy counters amid a mixed trend in global markets. The 30-share BSE Sensex declined by 194 points to settle at 62,428.54, marking the second consecutive day of losses. While investors turned cautious about […]
3 stocks hint at bullish trends as RSI inches higher
RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.
9 midcap stocks ideas from KIE that can offer 12-40% returns
Kotak Institutional Equities (KIE) has added Aavas Financiers, KIMS and Sun TV Network to its model midcap portfolio while removing Max Healthcare.
Adani group will thrive with or without Modi, bets GQG’s Jain
Rajiv Jain, chief investment officer at GQG Partners, has reaffirmed his fund’s commitment to India, holding around $13bn in the country’s stocks, despite broader investor worries about corporate governance and political risk. Jain added that he and his colleagues were looking to buy more, with Indian infrastructural projects presenting new opportunities. He also defended his […]
Tech View: Holding above support level pivot for Nifty amid global uncertainty
The Nifty 50 ended lower for the second time due to global uncertainty, according to Angel One’s Rajesh Bhosale. Traders should remember that the primary trend stays upbeat, he added. The market analysist suggested that if global conditions improve the Nifty 50 could go up to 18600-18700 in the near future. The Senior Technical and […]
S&P Global affirms RIL’s ‘BBB+’ rating on resilient operational performance
S&P Global has backed its rating of Reliance Industries, citing its resilient performance. Its rating has been affirmed at BBB+ and the issue rating on the senior unsecured debt has also been affirmed. S&P Global’s stable outlook suggests it expects RIL’s cash flows to remain strong and preserve its financial profile, despite elevated investments over […]
Coal India OFS fully subscribed on Day 1 amid strong institutional interest
The Indian government’s offer for sale (OFS) of Coal India shares was fully subscribed in under four hours of trading on Thursday. The government received bids for 8.56 crore shares, against the 8.31 crore shares on offer for institutional investors. Retail investors may still invest in the OFS on Friday, with 10% of the offer […]
7 Tata group stocks to trade ex-dividend in June. Do you own any?
Tata Power, Nelco, Indian Hotels Company, Voltas, Tata Investment Corporation, Tata Chemicals, and Tata Steel will all trade ex-dividend this month. Nelco, with a market cap of Rs 1,413 crore, is set to trade ex-dividend on June 6 with a final dividend of Rs 2 per share. Tata Power has announced a final dividend of […]
We are at the start of a new long-term bull run for Indian markets: Mark Mobius
The reality is that money supply has gone down precipitously. It is an amazing and that means that inflation will be coming down. It is already happening. So, I believe the central banks are being maybe too cautious at this stage.