Likely damage to sown crops stokes food inflation worries
The damage to the moong, urad, groundnut and soybean crops could range 10-15%, leading to concerns about a significant increase in prices of these commodities, they said. But the rains could help the paddy crop in Punjab and Haryana. “The excessive rainfall has caused damage to kharif crops such as cotton, pulses and oilseeds in […]
Utkarsh Small Finance Bank IPO to open on July 12. 10 things to know about the public offer
Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities. It also had the second highest provision coverage ratio among SFBs in fiscal 2023. Its operations are focused in rural and semi-urban areas […]
BSE unveils new logo on the occasion of 149th foundation day
BSE celebrated its 149th foundation day and launched a new logo expressing prosperity, vibrance, growth, new beginnings, trust, and responsibility. The blue color in the logo signifies knowledge, integrity, and trustworthiness, which BSE has built up over 149 years, while the flame color ranges from deep red to deep orange and transforming itself into bright […]
SAT dismisses Zee Entertainment promoters’ plea against Sebi’s interim order
The Securities Appellate Tribunal has dismissed pleas by Zee Entertainment promoters Subhash Chandra and Punit Goenka challenging the Securities and Exchange Board of India’s interim order that restrains the two from holding board positions in public listed companies for a year due to alleged fund diversion.
A $7.5 billion futures trade has a tepid start post shift to India
The trading of Indian stock futures on the NSE International Exchange at GIFT City in Gujarat, which was formerly traded on the Singapore Exchange, has struggled. The average number of contracts for GIFT Nifty was 32,934 in the week up to July 7. This is lower than SGX Nifty’s 60,884 future contracts traded in April, […]
Tech View: Nifty may remain sideways till expiry. What traders should do on Tuesday
The Nifty has to hold above 19,300 zones to extend the move towards 19,420 and fresh all-time highs of 19,525 zones, according to Chandan Taparia of Motilal Oswal. India VIX was down by 0.59% from 11.53 to 11.46 levels and volatility sunk lower while hovering near its lower band, supporting bulls near immediate support zones.
Utkarsh Small Finance Bank IPO to open on Jul 12; sets price band at Rs 23-25/share
About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NII) and the rest 10% for retail investors, who can bid for a minimum of 600 shares in one lot and in multiples thereafter.
Banks to brighten India Inc earnings amid IT uncertainties
India’s banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets. Meanwhile, the nation’s consumer and capital goods companies are expected to benefit from commodity prices that have come off peaks seen after Russia’s invasion of Ukraine.
Equity MF inflows in June surge over 2x MoM; smallcap funds top the list
The assets under management (AUM) of open-ended equity funds stood at Rs 17.43 lakh crore, up over 5% month-on-month. Within equity funds, smallcap funds saw the highest inflows during the month at Rs 5,472 crore. For the third straight month, the inflows into smallcap funds have been the highest.
2 top stock recommendations from Aditya Arora
And you rightly pointed out that other sectors like metals are doing well. So it is very important to note that there is always a bull market within a bull market certain stocks and sectors will always do well. So we have a lot of steam left on very stock specific ideas.