F&O stocks to buy today: ICICI Bank, HDFC Bank among top 9 trading ideas
Positive trading setup was seen in stocks like Power Grid, Deepak Nitrite, Aarti Industries, BHEL, HDFC Bank, Axis Bank, NTPC, DLF, HPCL, Apollo Hospital, Indigo, Pidilite Industries, Grasim, SBI Life, ONGC, Indian Hotels etc. among others.
Big movers on D-Street: What should investors do with Deepak Fertilisers, Whirlpool of India and Kotak Mahindra Bank?
Stocks that were in focus included names like Deepak Fertilisers, which rose 3.55%, Whirlpool of India, which fell 3.67%, and Kotak Bank, whose shares jumped 2.04% on Tuesday.
Federal Bank tanks as hopes of Kotak top exec joining fade
“We believe any stock run-up attributed to this news flow should come off,” said brokerage Emkay Global’s analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. “This raised hopes for the replacement… with a pedigreed external candidate from a large bank as MD.”
Mistrys go fund shopping to pay off expensive bonds
The funds will be used to redeem bonds issued three years ago that have onerous clauses that could take the coupon rate on them to unusually high levels if the debtholders are not paid off by June, they said.
Nvidia dethrones Tesla as Wall Street’s most traded stock
Chipmaker Nvidia is replacing Tesla as Wall Street’s most traded stock, adding to its prominence after becoming the third-most valuable U.S. company and showing more evidence of how central AI-related bets have become to investors.
Indiabulls Housing’s Rs 3,693-crore rights issue subscribed 2.04 times
The rights shares were offered at Rs 150 apiece. Shareholders were offered one right share for every two shares held by them. Shares of Indiabulls Housing, which rallied 52% in the last six months or 92% in the last one year, ended at Rs 191.70 on Tuesday.
India’s debt to GDP ratio by 2030-31 will be much lower than IMF’s projection: RBI paper
The Indian government should focus on development, as per a research paper by RBI. The paper shows that the general government debt-GDP ratio could decline to 73.4% by 2030-31, 5 percentage points lower than the IMF’s projection. Further fiscal tightening is needed for sustainable growth.
Global interest rates may have peaked: RBI report
In India, CPI inflation was projected at 4.5% for the financial year 2024-25, a good 90 basis points lower than the estimated average for 2023-24. But, the large and repetitive food price shocks remained a concern, with geopolitical events and their impact on supply chains, and volatility in international financial markets and commodity prices posing […]
Nifty closes at a new high, FIIs cut some bearish bets
The Nifty gained 0.34% or 74.7 points to close at 22,196 after making a lifetime high of 22,215. The BSE Sensex gained 0.48% or 349.2 points to close at 73,057. The index is still 370 points away from its all-time high of 73,427.
Punters’ hopes of delisting gains dashed as MNCs opt for stake sales
Wabco, Styrenix Performance Materials (INEOS Styrolution), Federal-Mogul Goetze, Timken India, GMM Pfaudler, Thomas Cook, Samvardhana Motherson, and Whirlpool are among the companies where global parents have sold their stakes. Large overseas stakeholders in ITC and Novartis too have indicated their intention to sell a stake.