1 in 3 NSE 200 stocks slip into bear territory
Out of the 60 stocks below this long-term trend indicator, Navin Fluorine International, Indraprastha Gas, Gujarat Gas, Biocon, HDFC Bank, Pidilite Industries, Kotak Mahindra Bank, Dabur India, BPCL, and Wipro are among the notable names. The Nifty has dropped 4.8% in the past week.
Many counters weather the storm well, logging up to 21% in returns
“Long-term investors do not need to do much and the only thing they can do is to add on in dip and stay with quality,” said Mukesh Kochar, head of wealth at AUM Capital.
Honasa Consumer IPO to open for subscription on Oct 31
Apart from promoters Varun Alagh and Ghazal Alagh, investors like Fireside Ventures, Sofina, Stellaris and Shilpa Shetty Kundra offered shares as part of OFS.
SBI aims to raise up to Rs 10,000 crore via bond sale
Typically, the coupon rates – or interest paid to investors – for SBI’s bonds are the lowest in the banking sector, as the lender witnesses firm demand for its debt offerings, given its government ownership and status as the country’s largest bank
Indian Bank Q2 results: Net profit soars 62% on retail growth
Total advances increased 12% to ₹4.92 lakh crore in September mainly due to a 14% increase in retail loans and a 16% growth in agriculture advances. Retail, agriculture and MSME make up 62% of the bank’s loan book. Home loans grew by 13%, auto loans by 36% and personal loans grow 49%.
Fall in mid- & small-cap indices fails to capture the bigger rout
While mid-cap and small-cap indices have fallen about 6% in the previous six trading sessions, about 23 stocks in the Midcap 150 index and 55 stocks in the Smallcap 250 index have fallen more than 10%.