Dream debut! Six IPOs in July offer listing gains of up to 94%
Breakout Stocks: How are Cipla, Zomato and InfoEdge looking on charts for Monday’s trade?
Stocks that were in focus include names like Cipla which hit a record high and closed with gains of nearly 4%, Zomato rallied over 10% and Info Edge closed with gains of nearly 8% with a rise in volumes on Friday.
Vinit Bolinjkar on why Mahindras are picking stake in RBL
Anand Mahindra’s views on RBL Bank’s financial sector and risk factors motivated the Mahindra Group to acquire a 3% stake in RBL Bank. The move is less of an investment and more of strategic interest in the company’s strong franchise, according to Vinit Bolinjkar, head of equity research for Ventura Securities.
Gold prices witness steepest weekly decline in 6 weeks, focus shifts to US CPI ahead
Fitch’s downgrade of US sovereign debt to AA+ from AAA has echoed a similar move by S&P Global over a decade ago. The downgrade is attributed to projected fiscal deterioration, a significant and growing government debt burden, and governance erosion relative to ‘AA’ and ‘AAA-rated peers over the past two decades
9 out of 10 worst-performing MFs have given better returns than FDs
Commodity Talk: Gold may fall 1-2% in near term amid high volatility, says Naveen Mathur of Anand Rathi
The US data since the last FOMC meeting were mixed as the Manufacturing PMIs remain below 50 since the start of the year while labour market still remains tight as seen in ADP figures. Meanwhile, the non-farm payrolls continued to decline over the past 2 months, showing early signs of moderating Jobs growth
Mcap of seven of top-10 most valued firms erode by Rs 1 lakh cr; State Bank biggest laggard
From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS), HDFC Bank and Infosys witnessed addition in their market valuation.
FPIs take a breather; withdraw Rs 2,000 cr in first week of Aug
According to the data with the depositories, Foreign Portfolio Investors (FPIs) withdrew a net sum of Rs 2,034 crore from Indian equities during August 1-5.