F&O stocks to buy today: ONGC, Tata Consumer among top 3 trading ideas
The Nifty future closed negative with losses of 1.66% at 21169 levels on Wednesday. India VIX was up by 3.91% from 13.87 to 14.41 levels. Volatility spiked and woke up the bears and resulted in profit booking decline at record high zones.
Big movers on D-Street: What should investors do with Paytm, Varun Beverages and Astral?
Stocks that were in focus included names like Paytm, which fell 1.08%, Varun Beverages, which rose 6.62%, and Astral, whose shares declined 2.19% on Wednesday.
Bulls lassoed after intraday charge to peaks
The BSE Sensex fell 1.30% or 930.88 points to close at 70,506.31. The Nifty 50 declined 1.41% or 302.95 points to close at 21,150.15. The Sensex and Nifty hit lifetime highs of 71,913.07 and 21,593.00, respectively, before falling as much as 2.2% (from the peaks) to their day’s lows.
IndusInd Bank sells 2.86% stake in Nippon MF
According to BSE Block deal data, the transaction involved the sale of 1.79 crore shares, representing a 2.86% stake in the asset management company, at ₹445.35 per share.
NSE, MFs in a spot after Morningstar Sustainalytics’ exit
In March 2018, NSE launched two indices – Nifty100 ESG Index and Nifty100 Enhanced ESG Index – to capture the environmental and social governance scores of Nifty 100 companies. The companies on these two indices were assessed annually by the ratings provided by Sustainalytics.
ET analysis: Is evergreening of loans evergreen?
For years, ‘evergreening of loans’ – throwing new loans to help a stressed or delinquent borrower repay old loans – has worried the regulator. Since rules prohibit lenders from doing this blatantly, some of them, mostly non-banking companies, had figured out a different way some years ago. They cut special deals with foreign credit funds, […]
NBFCs tank 5-10% on tighter AIF norms
Shares of NBFCs, like Piramal Enterprises, Indiabulls Housing Finance, and Edelweiss Financial Services, fell 5-10% on Wednesday. The Nifty Bank index declined 0.9%
Innova Captab may be a good buy after a post-listing review
The promoters Manoj Kumar Lohariwala and his brother Vinay Kumar Lohariwala are diluting their stakes from 67% to 52%. Of the issue proceeds, ₹168 crore would be used toward debt repayment and ₹72 crore for working capital requirements.
SAT overturns Sebi order in Karvy case
The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and Exchange Board of India (Sebi) to restore the pledge in favour of the other banks within four weeks and also compensate them.