Big movers on D-Street: What should investors do with RIL, Blue Star and HDFC Bank?
Going ahead, if the counter fails to exhibit a smart rebound, the price action may dwindle towards Rs 2,288, its 200-SMA. Immediate hurdle comes to Rs 2,477(50 SMA), which must be leaped over to reclaim the losing bias.
US stock market: S&P 500, Dow close lower after Fed holds rates steady, warns of higher for longer
The updated projections see the Fed funds target rate edging down to 5.1% by the end of next year, and to 3.9% by the end of 2025. Since the Fed began tightening in March, core inflation has cooled. But its slow descent toward the central bank’s 2% target has been slow and uneven. The SEP […]
Stocks in news: SJVN, Cipla, Infosys, Zydus, Apollo Tyres
Cipla’s subsidiary InvaGen’s manufacturing plant has received five inspectional observations in Form 483 from USFDA.
RR Kabel begins trading within 2 days of IPO
Shares of the company were listed at ₹1,179 on the BSE, a 14% premium to its offer price of ₹1,035. They closed the day at ₹1,196.6, after trading in a range of ₹1,137.6-1,212.8.
HDFC Bank slips as D-St takes in lower profitability forecasts
Analysts expect the stock to underperform in the near future, while investors might shift focus to peers such as ICICI Bank and Axis Bank.
Nuvama plans stock market debut next week, eyes Rs 9,000 cr m-cap
The wealth management firm, earlier called Edelweiss Wealth Management, has received approvals from shareholders and almost all the authorities, including the National Company Law Tribunal and stock exchanges, for listing, chief executive and managing director Ashish Kehair said.
Liquidity deficit surges to a 4-year high of Rs 1.47 lakh crore on tax outflows
An injection of funds by the RBI implies deficit liquidity conditions in the system. Outflows on account of quarterly corporate advance taxes and goods and services tax have drained banks of funds.
Fed keeps rates unchanged but signals likelihood of another hike this year
The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices.
SJVN & PFC in pact to finance projects worth Rs 1.19 lakh crore
PFC will fund around 67-76% of the project tentatively, the state-owned company said on Wednesday. “PFC’s financial support in the form of term loan is tentatively proposed to range from ₹80,000 crore to ₹90,000 crore, demonstrating a substantial commitment to the realisation of these vital projects,” it said.