Groww app hit by technical glitch, demat account holders demand compensation
Groww, the No.1 stock broker in India, faced a technical glitch on its trading app but resolved it later. Users were unable to log in and demanded compensation. Zerodha, the previous market leader, has also faced technical glitches in the past. Groww has 76 million active clients, surpassing Zerodha’s client base. The total number of […]
Zee shares crack 10% as brokerages scream sell after Sony terminates merger
Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony. CLSA downgraded Zee to sell and mentioned the reported merger of Reliance and Disney Star as a competition. Nuvama and Elara also downgraded the stock, reducing the target price. Motilal Oswal downgraded Zee to neutral. […]
Nova Agritech IPO: Should you subscribe to this Rs 144-crore issue?
Nova Agritech IPO comprises a fresh equity issue of Rs 112 crore and an offer-for-sale (OFS) of 77.58 lakh shares, The IPO opens today and closes on January 25. The company has fixed a price band of Rs 39-41 for the IPO and investors can bid for 365 shares in one lot. About 50% of […]
Cipla shares jump 7%, hit 52-week high on strong Q3 earnings
On Monday, Cipla reported a 31.8% year-on-year (YoY) jump in its October-December quarter consolidated net profit at Rs 1,056 crore. It was Rs 801 crore in the year-ago period.
Hot Stocks: Brokerages view on Zee Entertainment, Paytm, Kotak Bank and ICICI Bank
Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier.
F&O Stock Strategy: How to trade MGL, Godrej Consumer, Apollo Hospital
Nifty, which had formed a bearish engulfing pattern on the weekly as well as on daily charts, opened Tuesday’s trading session on a strong note with the index scaling above the 21,700 level.
F&O stocks to buy today: BPCL, Infosys among top 9 trading ideas
The Nifty future closed on Saturday. India VIX was down by 1.90% from 13.88 to 13.80 levels. Volatility cooled off after spiking to higher zones during the week.
India overtakes Hong Kong as world’s fourth-largest stock market
The relentless rally in Indian stocks has coincided with a historic slump in Hong Kong, where some of China’s most influential and innovative firms are listed. Beijing’s stringent anti-Covid-19 curbs, regulatory crackdowns on corporations, a property-sector crisis and geopolitical tensions with the West have all combined to erode China’s appeal as the world’s growth engine.
Bitcoin falls to $40,000, lowest level since bitcoin ETF launch
Bitcoin fell to a seven-week low on Monday, hovering below $40,000 for the first time since the launch of 11 spot bitcoin exchange-traded funds on Jan. 11.
Zee may fall 15-20%, analysts caution against bottom fishing
Monday’s announcement marks the conclusion of a two-year deal process. The merger with Sony, according to analysts, was expected to potentially rescue Zee from its current crises and decline in market share.