F&O Ban: SAIL, Delta Corp among 9 stocks under ban on Tuesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
At multi-year highs: Axis Bank among 3 stocks that saw 5-year swing high breakout
Reliance Retail Ventures gets Rs 2,000 crore from KKR
Global investment firm KKR is investing an additional ₹2,069.5 crore in Reliance Retail Ventures (RRVL), increasing its equity stake to 1.42%. This brings RRVL’s valuation to around ₹8.36 lakh crore, making it one of India’s top four companies by equity value. The investment will be used to fund expansion, retire debt, and prepare for RRVL’s […]
Nifty valuations expensive, but strong flows to support index
India’s primary equity gauges currently trade at a valuation of nearly 21 times one-year forward earnings, comparable with that seen in Japan or Wall Street. This valuation diverges from the more modest multiples of 11-13 times earnings prevalent in equity markets as diverse in economic heft and growth outlook as Singapore, Hong Kong, the UK, […]
L&T Finance, Bank of India plan bond issues
Separately, Bank of India is likely to tap debt capital markets to raise up to ₹2,000 crore through the issuance of tier-II bonds, sources said. The state-owned bank’s bonds will likely be of 10-year maturity with a call option on or after the fifth year of allotment.
Deposit rates unlikely to rise with soaring credit demand
The phased withdrawal of the incremental cash reserve ratio (ICRR) between September 9 and October 7 would help banks to meet the festive credit credit demand, top bank executives said. There was some strain in the sectoral liquidity due to the absorption of surplus liquidity through the incremental cash reserve ratio (ICRR). Plus, credit growth […]
No worries about Jio’s foray into financial services : Sanjiv Bajaj, chairman of Bajaj Finserv
“The market is large enough. There are many bigger brothers and sisters that we have. Even being present in 4,000 cities (currently) with assets close to ₹3 lakh-crore, we still have less than 2% of India’s credit market,” Sanjiv Bajaj said, responding to Bain Capital chairman Amit Chandra during a fireside chat after delivering a […]
Time to cheer or worry? 9 in 10 Nifty 500 stocks trading above 200-DMA
Out of the NSE’s top 500 stocks, 465 are trading above 200-DMAs. In the Nifty 50 index, 47 are trading above the key technical indicator. Among the Nifty stocks, NPTC, Tata Motors, L&T, Coal India, Cipla and Adani Ports are trading 20% above their 200-DMAs, while Titan, M&M, IndusInd Bank, Dr Reddy’s Lab, and Maruti […]
Nifty 50 crosses 15% return on equity milestone after a decade
“Stocks that are likely to improve their RoEs over FY23 to FY25 and transition into value-creation zone include capital intensive and cyclical sectors such as auto, capital goods, infrastructure, utilities, telecom, commodities and financials,” said Vinod Karki, equity strategist, ICICI Securities in a report.