Tech picks: CEAT, Persistent Systems among 4 stocks that can rally up to 12% in near term
In the current week, markets will be influenced by a series of global central bank policy outcomes and domestic CPI data.
Inox India IPO: Company sets price band at Rs 627-660/share for its Rs 1,459-crore offer
Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, Lata Rungta among others will offload shares.
Bitcoin’s 2023 rally wobbles in sudden 7.5% drop toward $40,000
Bitcoin has been on a tear this year on expectations that regulators will allow the first US spot Bitcoin exchange-traded funds, widening the potential base of crypto investors. Bets that the Federal Reserve will cut interest rates next year also encouraged a rally in virtual currencies.
Hot Stocks: Tata Steel, SAIL, Max Healthcare and Cyient
Brokerage firm Morgan Stanley maintained an Equal Weight rating on Tata Steel and SAIL. Motilal Oswal has a buy rating on Max Healthcare and Cyient.
F&O stocks to buy today: TCS, ICICI Bank among top 9 trading ideas
On the weekly options front, the maximum Call OI is placed at 21000 and then towards 21500 strikes while the maximum Put OI is placed at 20900 and then towards 20800 strikes.
Big movers on D-Street: What should investors do with RBL Bank, Praj Industries and Five-Star Business?
Stocks that were in focus included names like RBL Bank, which rose 4.86%, Praj Industries, which fell 11%, and Five-Star Business, whose shares declined 2.85% on Friday.
Cut risk weight to help SMEs, banks tell RBI
Banks have asked the regulator to consider lowering the ‘risk weight’ on loans to unrated small and medium enterprises. An overwhelming number of small businesses do not have any ratings that bigger businesses and corporates obtain from credit rating agencies to get a better deal from lenders.
Dunzo survival hinges on Reliance Retail commitment to funds
An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.
Wall Street gets ready to cash in on $1-trillion climate market
Banks that have been building up carbon trading and finance desks include Goldman Sachs Group, Citigroup, JPMorgan Chase & Co and Barclays.
Nifty looks set for a 21K close, dips a buy call: Analysts
Stocks such as Alkem, Sun Pharma, Titan, Federal Bank, SBI, TVS Motors, and HCL Tech are each considered to present potential opportunities for investors, analysts said.