Stocks to buy today: Zomato, Eicher among top 7 trading ideas
India VIX was down by 1.83% from 10.67 to 10.87 levels in the previous session. Volatility has been cooling off from the last three weeks and comforting the bulls at support zones.
Traders ride bullish wave in PSU stocks
On Thursday, shares of Cochin Shipyard soared 20% to an all-time high of ₹1,146. Mazagaon Dock Shipbuilders shares jumped by 9.51%. Indian Railway Finance Corporation, KIOCL, Power Finance Corp, REC rose by 4-7%. The BSE PSU Index gained 1.5% and the benchmark Sensex advanced 0.6%.
Consumer durables stocks look ready for a comeback
3M India, Crompton Consumer, Havells India, Orient Electric, Syrma SGS, TTK Prestige, Whirlpool, Symphony, Voltas, Polycab India, and KEI Industries are among the preferred consumer durable stock picks.
SBI plans to raise $750 million via overseas bond issues
The bond sale, part of the broader capital-enhancement exercise at the country’s most-valued government asset, could open as early as next week, coinciding with the start of the two-month-long autumnal festive season during which demand for retail credit is the highest in Asia’s third-biggest economy.
Sebi simplifies rule to pick key fund official in relief for FPIs
The urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots in a fund which is often structured in multiple layers, with each vehicle in separate jurisdictions. Under the circumstances, the regulator had earlier said that the key official in the apex […]
Some investors may oppose ICICI’s bid to delist broking arm
“The minority shareholders of ICICI Securities are being gravely wronged by the delisting, that is, besides being unfair in every sense (valuation, methodology & logic), defies the basic grain of propriety,” said Manu Rishi Gupta, founder of MRG Capital, a Bengaluru-based investment fund, in an open letter. He claims to be a shareholder of ICICI […]
Life insurers’ premium income continues to fall in August
While the private sector insurance industry reported a 14.51% increase in premium income during the same period, reaching ₹53,144 crore, riding on the growth in group single premiums, LIC’s overall premium income declined 25% to ₹74,156 crore for the same period.