Bond market’s best month since 1980s sparks cross-asset rally
Investors frantically bid up the price of Treasuries, agency, and mortgage debt, sparking the best month since the 1980s and igniting a powerful pan-markets rally in everything from stocks to credit to emerging markets.
Turnaround stars! 7 companies post profits in Q2 after 3-quarter losses, 3 turn multibaggers
A steady growth in the topline as well as the operating profit helped some of the companies in the smallcap segment rebound sharply in the September quarter.
Hot Stocks: Brokerages view on Ashok Leyland, Eicher Motors, Zomato and Shriram Finance
CLSA maintained a buy rating on Ashok Leyland with a target price of Rs 238. The CV industry outlook for FY24 is looking strong.
Big movers on D-Street: What should investors do with Zomato, Aster DM Healthcare and Siemens?
Stocks that were in focus included names like Zomato, which rose 3.43%, Aster DM Healthcare, which jumped 18.14%, and Siemens, whose shares increased 1.03% on Wednesday.
India Inc hungry for growth fuel, power stocks hit new highs
Shares of Torrent Power, NTPC and Power Finance Corp hit their lifetime highs on Wednesday, while REC hit its lifetime high earlier this month. Renewable energy player Suzlon Energy is also at a multi-year high, while Tata Power was at its highest level in more than a month.
India could get nearly $4-b inflows on US pension board’s index switch
The Federal Retirement Thrift Investment Board earlier this month said it is shifting the benchmark for its fund to the MSCI All Country World excluding the US, China, and Hong Kong markets from the current MSCI Europe, Australasia, and Far East (EAFE) Index.
How do shares trade in grey market and what’s at stake
The grey market is an unofficial and unregulated market where shares are traded even before they are listed on the main exchanges.
Ant Group arm divests 3.4% in Zomato for Rs 3,337 crore
According to BSE bulk deals data, Alipay Singapore Holdings, an entity of the Ant Group, sold 297 million shares at ₹112.70 per share.
Irdai ups scrutiny of broking deals, approvals take longer
The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in share transfers within the insurance broking sector, leading to extended approval timelines. The regulator is examining general partners (GPs), alternative investment funds (AIFs), and venture capital/private equity funds associated with these transfers.
Why Cochin Shipyard is up 33% in three months
The Government holds a 72% stake in Cochin Shipyard through the Ministry of Shipping. The company has a facility to construct ships weighing upto 1.1 lakh dead weight tonnes. It has a track record of constructing 175 vessels, and prior experience of building an aircraft carrier. It is therefore well placed to win the order […]