Sebi allows promoters to offer shares to staff via stock exchange mechanism in OFS
The Securities and Exchange Board of India has decided on a new system that will be in addition to the existing one with respect to OFS for companies’ employees. Under the new system, OFS to employees would be on T+1 day along with the retail category under a new category ‘Employee’. According to Sebi, for […]
5 sectors that saw highest FPI outflows in first 2 weeks of 2024
Here’s a look at the five sectors that witnessed the highest selling from foreign institutional investors in the first half of January. (Source: ET Bureau)
Top Indian funds dust off playbooks ahead of index inclusion
The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut. In 2023, Indian sovereign bonds saw their best annual performance in three years.
Tech View: Nifty downhill trajectory suggests more pain. What traders should do on Wednesday
Nifty’s short-term trend is down and more weakness in the short term is expected. The next important support zone to be watched is around 20,950-20,850 levels, which are coinciding with supports of the previous up gap of Dec 14, swing low of Dec 21, and also 38.2% Fibonacci retracement of Oct 23 bottom to Jan […]
Interim Budget 2024: Top 4 stocks from budget themed portfolio scan that could give 16-20% return
The upcoming interim budget and dim markets may impact the stocks related to defence, automobile, packaging, and insurance. Nifty’s performance has breached past three week’s low, indicating a potential stop on its bull run. The futures and options data in the Nifty derivative segment show some support at the current levels.
Railway stocks tank up to 16% amid profit booking. Ircon, RITES among top laggards
With today’s drop, IRFC’s m-cap has slipped to 2.10 lakh crore, which is still above the market cap of M&M and Bajaj Auto. On Friday, a 10% rally helped the stock cross the Rs 2 lakh crore m-cap mark, making it more valuable than 21 Nifty stocks.
Modi effect: IREDA, Tata Power & other renewable energy stocks jump up to 18%. Here’s why
After the Ram temple ceremony in Ayodhya, Prime Minister Narendra Modi announced a scheme to install rooftop solar systems in 1 crore homes.
ICICI Bank shares jump 5%, hit 52-week high on strong Q3 earnings. Should you buy?
ICICI Bank shares jumped 5% and hit their 52-week high of Rs 1,059.40 on the NSE on Tuesday after the second-largest private lender reported December quarter earnings which were better than Street’s estimates. Top brokerages including Jefferies, Kotak Institutional Equities and Nuvama retained their buy rating on the stocks. ICICI Bank on Saturday reported a […]
IDFC First Bank shares slide 5% post Q3 earnings. Should you buy, sell or hold?
IDFC First Bank Share Price: Following mixed December quarter earnings and not so optimistic brokerage view, shares of IDFC First Bank fell over 5% to the day’s low of Rs 82.80 on the NSE on Tuesday. While BofA recommended an underperform rating on the stock, domestic brokerages Motilal Oswal and Nuvama held ‘Neutral’ and ‘Hold’ […]
Ayodhya Ram Mandir: From L&T to Havells, 7 listed Indian companies in spotlight
Ayodhya’s transformation into a global spiritual tourism hub with the Ram Mandir at its center is expected to attract 5 crore tourists annually after the completion of the Rs 85,000 crore makeover. The temple town’s economic and religious migration surge will benefit various sectors such as hotels, airlines, hospitality, FMCG, travel ancillaries, and cement. Listed […]