F&O stocks to buy: ONGC, Tata Power among top 7 trading ideas
Since it is the beginning of the new series, options data is scattered at various far-strike prices. On the weekly front, the maximum Call OI is placed at 21500 and then towards 22000 strikes.
Oil jumps 1% after Houthis attack on fuel tanker in Red Sea
Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate crude rose 78 cents to $78.79 a barrel.
Budget 2024: Govt may go for big hike in PM-Kisan payout and a housing & jobs push
Union Budget 2024: The government will likely increase the amount of money transferred under its flagship direct benefit transfer scheme – Pradhan Mantri Kisan Samman Nidhi or PM-Kisan – by about 50% to ₹9,000 per year from the current ₹6,000, said some of the economists polled.
Liquidity in deficit, FIs and companies turn to market repos for cash
Between April and November 2023, the daily average value of market repos was ₹1.46 lakh crore, the highest on record, and 15% higher than the average for 2022-23, according to the latest data published by the Clearing Corporation of India (CCIL).
Indiabulls Housing to raise Rs 3,693 crore via rights issue
The rights issue period is scheduled to open on Wednesday, February 7, 2024, with a closing date on Tuesday, February 13, 2024.
App promises investors high returns… vanishes
An app named Choicese (CHC-SES), launched at the end of November 2023, disappeared within two months, leaving several crores lost for hundreds of investors.
TVS Motor’s product mix, caution on EV discounts help retain edge
A better product mix and a judicious call on staying away from EV scooter discounting should fatten margins. The maker of Apache expanded its margins by 114 basis points on a year-on-year basis to 11.2% in the December quarter and its operating profit (Ebitda) per vehicle rose to a record high of ₹8,397. One basis […]
AIFs reject early exit pleas from banks, plan for ‘defaults’
AIFs in India are rejecting ‘early exit’ requests from banks and finance companies due to new rules. They are now considering how to handle these investors as they default on ‘capital calls’ from funds. AIFs may impose penalties on banks and NBFCs falling short of their original commitments. They may also cap investments, make exceptions […]
Pune realtor Ashdan’s bid tops 8 offers for debt of Rolta India
Pune-based real estate developer Ashdan Properties emerges as the highest bidder to take over the ₹14,000 crore debt of Rolta India with a bid valued at close to ₹760 crore on a net present value (NPV) basis. The bid beats eight other bidders including data centre company Cyfuture India and Jai Corp vice chairman Virendra […]
Nifty expected to face selling pressure, support at 21,250: Analysts
However, if the index surpasses and maintains levels above 21,500, analysts anticipate index to move to 21,600-21,700 range. SBI, NMDC, SAIL, RIL, Infosys, GAIL, Siemens, Tata Power, Coforge, MGL, Star Cement, and LIC Housing have formed bullish patterns on charts