F&O stocks to buy today: Infosys, Hindalco among top 6 trading ideas
The Nifty futures closed positive with gains of 0.02% at 21079 levels on Monday. India VIX was up by 2.31% from 12.47 to 12.75 levels. Volatility was slightly high but created momentum for new price territory in the market.
Big movers on D-Street: What should investors do with Dr Reddy’s, Dixon and IRFC?
Stocks that were in focus included names like Dr Reddy’s, which fell (5%), Praj Industries, which rose 7.2%, and IRFC, whose shares increased 7.64% on Monday.
Wall Street closes at fresh 2023 highs as inflation data, Fed eyed
Investors will eye the Consumer Price Index (CPI) data due on Tuesday, which is expected to show headline inflation remaining unchanged in November, followed by the Producer Price Index (PPI) and the last interest rate decision of the year from the Fed on Wednesday.
Mirae Asset acquires Sharekhan for Rs 3,000 crore
In 2016, BNP Paribas had acquired Sharekhan from a clutch of private equity firms, including Citi Venture Capital International (CVCi), Baring Asia Private Equity and Samara Capital, for ₹2,100 crore. “BNP Paribas wants to focus mainly on the banking business. They had earlier exited the mutual fund and wealth management businesses also,” said the second […]
Jindal Stainless, PNB, BHEL, Oberoi Realty may get into MSCI Standard Index in Feb rejig
The global cut-off period for the selection of stocks to the MSCI Global Standard index spans from January 18 to 31. MSCI will announce the changes in constituents for the MSCI global standard indices on February 12. The final changes will take place on February 29.
Angel funds may soon get to invest more in startups boosting system
The government and the capital market regulator may take a relook at the maximum investment that an angel fund can make in a single company. At present the investment limit, capped at ₹10 crore, may be at least doubled, according to fund and startup industry circles.
Indian Bank offers to sell Rs 610-crore bad loans
State-run Indian Bank has put bad loans worth ₹610 crore on sale as it looks to clean up books by the end of this financial year. The loans include exposures to real estate firm Ashvi Developers, LMJ International and ACCIL Corporation.
RBI cautions against unauthorised loan waiver campaigns
The Reserve Bank of India (RBI) has issued a caution against misleading ads offering loan waivers, noting entities charging fees for unauthorised ‘debt waiver certificates.’ Some campaigns advise against paying bank dues, undermining regular repayment practices. RBI warns borrowers, emphasising that such activities harm financial stability and may lead to direct financial losses.
RBI unlikely to ease policy rates in 2024: Axis Bank
Axis Bank predicts that the RBI will not reduce rates in 2024 due to volatile food prices and rising global prices. The bank predicts that food inflation will remain volatile, with supply shocks and erratic monsoons contributing to the situation. Despite export restrictions on wheat and rice, rising global prices have affected local prices, increasing […]
Higher govt spends can give a liquidity boost sans rate cut
The Reserve Bank of India (RBI) may ease overnight money market rates next month, as it tolerates government spending funds as long as durable liquidity reduces, in line with its inflation targeting aim. If government spending picks up in Q4 and system liquidity improves, overnight rates could fall back towards the Repo rate.