Paytm shares crash another 20% as $2 billion gone in 2 days
Shares of fintech major One 97 Communications, which runs Paytm, crashed 20% on BSE following RBI’s ban on Paytm Payments Bank. The queue of sellers grew longer as the stock opened in the lower circuit. Last year, Berkshire Hathway sold its stake in Paytm. Brokerages like Jefferies and Motilal Oswal have downgraded Paytm shares.
PSU Bank stocks rally up to 20% post Budget day
Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts pegged the gross market borrowing to be a little over Rs 15 lakh crore.
F&O stock strategy: How to trade in Canara Bank, CONCOR?
“Markets are not in a hurry for the next directional move and the recent price action reaffirms our view,” Ajit Mishra, SVP – Technical Research, Religare Broking said. Traders have no option but to align their positions accordingly and focus more on stock-specific trading approaches, Mishra said as he showed a silver lining in the […]
Gujarat Budget 2024 Highlights: Girls to get Rs 10,000 per year till class 10th, Rs 25,000 till 12th
Gujarat Budget 2024 Highlights: Following the unveiling of Union Budget 2024 by Finance Minister Nirmala Sitharaman, the focus has shifted to state budgets. Gujarat takes the lead in announcing its budget for the fiscal year 2024-25 today. Gujarat Finance Minister Kanu Desai is set to present the budget, emphasizing that it will embody the state […]
Hot Stocks: Brokerages view on Indian Hotels, Titan Company, Paytm and Dr Lal PathLabs
Goldman Sachs maintained a sell rating on Dr Lal PathLabs with a target price of Rs 2200. The company reported a subdued volume growth and the trend continues.
India bond yields resume decline as US peers fall, budget boosts purchases
India’s benchmark 10-year yield was at 7.0265% as of 10:30 a.m. IST, following its previous close at 7.0583%. Thursday’s close was the lowest since July 18 and the yield logged its biggest single-session fall since May 3.
Docmode Health Technologies shares list at 141% premium over IPO price
Shares of Docmode Health Technologies listed on NSE SME platform with a premium of 141%. The stock debuted at Rs 190.25, 141% higher than the offer price. The company’s shares traded with a premium of Rs 42 in the unlisted market. The public offer of 8.49 lakh shares received strong response with an overall subscription […]
Why V Anantha Nageswaran is optimistic about growth prospects of Indian economy
The Chief Economic Advisor’s optimism about the future growth prospects of the economy stems from handling of the economic and health fallout of the Covid pandemic, resulting in moderate inflation increase and lower interest rates. The cleanup of bank and corporate sector balance sheets resolved previous problems, enabling banks to lend and non-food credit to […]
F&O stocks to buy today: Maruti, Info Edge among top 6 trading ideas
Positive setup was seen in stocks like Godrej CP, Maruti Suzuki, Canara Bank, PNB, Container Corp., Indigo, Bank Baroda, Dabur, Power Grid, NMDC, Can Fin Homes, IOC, IGL and MCX.
Japanese retail investors pile billions into Indian equities
Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg. Factoring in the gains of Indian stocks on the yen basis last month, the figures suggest inflows of about ¥140 billion into India equity funds, while Japanese stock funds had almost […]