Big movers on D-Street: What should investors do with RIL, Adani Green and TCS?
Stocks that were in focus include names like RIL, which rose 1.14%, Adani Green, which jumped 2.11%, and TCS, whose shares declined 1.05% on Wednesday.
Nvidia replaces Alphabet as Wall Street’s third most valuable company
Nvidia controls about 80% of the high-end AI chip market, a position that has boosted its stock price 47% this year after it more than tripled in 2023. Customers face shortages of Nvidia’s top-of-the-line components while AI developers face months-long waiting lists to use its processors through cloud-computing providers.
IndusInd Bank, BoI, Divi’s Labs, GSK Pharma and Aditya Birla Capital among top MF buys
Some of their top picks in January included IndusInd Bank, Bank of India, Divi’s Laboratories, GlaxoSmithKline Pharmaceuticals, Aditya Birla Capital, Unichem Laboratories and Ipca Laboratories.
Key gauge shows traders expecting fewer rate cuts
A slower-than-expected inflation decline in the US and sobering Federal Reserve commentary on when its much-awaited policy easing may start has also prompted Indian traders to reduce their bets on how much rates the RBI will cut this year.
Rerating of high-flying PSUs has few more legs: Jefferies
Jefferies said the rerating in shares of public sector undertakings (PSUs) – the top performers in the past three months – has more legs citing cheaper valuations compared to the Nifty and the government’s focus on ‘value maximisation’ for these companies. SBI, Coal India, and NTPC are its top picks among state-owned companies.
NARCL, Omkara ARC in fray for Wind World debt
State-owned National Asset Reconstruction Company (NARCL) and Manish Lalwani-promoted Omkara Assets Reconstruction Company (ARC) are in the fray to acquire the debt of wind turbine manufacturer Wind World (India) that has been under corporate insolvency process for over five years.
Bearish bets on HDFC Bank rise to record levels
Total open interest, or outstanding positions, in HDFC’s stock futures has surged by 115% to 4.19 lakh contracts – a record build-up – after its third-quarter results with most of them being short positions, said Ruchit Jain, lead research analyst at 5Paisa.com.
BlueStone Jewellery plans Rs 2,000-crore IPO
The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and an offer for sale (OFS), they said.
Irdai moves towards changes to protect policyholder interest
IRDAI proposes extending the free look period for life and health insurance policies. Draft regulations aim to consolidate regulations, relax norms, introduce nomination provisions, and facilitate insurance transactions through a not-for-profit digital marketplace called Bima Sugam.
Premium segment likely to help Hero Moto sustain high valuation
Factors such as incremental volume from the premium bike segment, strong product lineup, and improving demand for entry-level bikes may help the country’s largest bike maker in mitigating the margin pressure from the EV segment and retain its outperformance on bourses.