ETMarkets Fund Manager Talk: Why this Rs 35000 cr asset manager sees limited scope for growth surprises in 2024?
Shankar Raman says: “While there could be some anxiety around political outcomes, extreme outcomes seem unlikely. As such, if global conditions, especially on liquidity, remain stable, funds may be wary of the risk of sitting out (being in cash) rather than being invested. If so, they may not choose to take large cash calls ahead […]
Big movers on D-Street: What should investors do with Century Textiles, HAL and Tata Steel?
Stocks that were in focus included names like Century Textiles, which rose 0.84%, HAL, which jumped 3.30%, and Tata Steel, whose shares declined 0.8% on Friday.
Nifty companies’ Dec quarter profit may grow in double digits
Net profit in the December 2023 quarter for the Nifty 50 constituents is expected to climb 15%, compared with 7.6% growth in the year-ago period. To be sure, the year-on-year profit growth was above 25% in each of the two previous quarters, reflecting the base effect.
Bank borrowings increase by 67 per cent in 2023
Reserve Bank of India (RBI) data showed average bank borrowings on a fortnightly basis were at Rs 6.39 lakh crore from January 13 to December 15, 2023. That’s 67% higher than average fortnightly borrowing of Rs 3.81 lakh crore over the comparable period in 2022.
JC Flowers ARC, Acre, Edelweiss among bidders for Yes Bank’s Rs 4,200-cr NPA pile
The corporate portfolio includes eight accounts that turned non-performing after 2019. These include Prometheon Enterprises with a debt of ₹1,496 crore, Malvern Travels, UK, with a debt of ₹537 crore, and Katerra India with ₹521 crore.
Go First lenders can check out new offers
“Among the creditors, a large public sector bank which is a key creditor wants more time since the approval to extend the process needs to be ratified by its board. So voting lines are still open for everyone, though some of the creditors have already voted,” said a person aware of the process.
It could be time to ponder a ‘one foot out of the door’ plan
While the urge to be ahead of the curve in determining market tops is strong, the overwhelming desire to make the most out of bull rallies overrides any cold logic.
Nifty looks strong; resistance at 21,800-21,850: Analysts
After showing a sustainable upside bounce on Thursday, Nifty shifted into an up-move with volatility on Friday. An identical open and close pattern was formed on Friday, which indicates a type of doji pattern at the highs.
RBI seen using fund injections to lower money market rates
“Banks have individually communicated with the RBI after the liquidity deficit widened significantly at the end of December. The money market rates had shot up, making it more expensive for borrowers to raise funds in debt capital markets,” a source aware of the developments said.