Rushing Out: FIIs sold stocks worth over Rs 29K cr from these 8 sectors in Feb
Foreign institutional investors or FIIs continued their profit-booking spree on Dalal Street in February. Led by financials, 9 sectors bore the brunt of this selloff (Source: Ace Equity | Ritesh Presswala )
Tech View: Nifty ends above 21-EMA ahead of weekly expiry. What traders should do on Thursday
One may expect further upside in the coming sessions and the next upside levels to be watched around 22,800 and immediate support is at 22,300-22,250 levels, said Nagaraj Shetti of HDFC Securities.
IIFL Finance will comply with RBI suggestions in gold loan biz by March 31: Chairman
AK Purwar, Chairman & Independent Director, IIFL Finance, says the company is committed to addressing the RBI’s concerns regarding their gold loan business and aims to be fully compliant by March 31. They anticipate a temporary setback but expect to regain their growth path and market share in the co-lending space.
Technical Stock Pick: A breakout from a 3-year rectangle pattern can push Petronet LNG to fresh record highs; should you buy?
Short-term traders can look to buy the stock for a possible target above 300 levels which will take the stock to a fresh record high, suggest experts.
If rates stabilise, our NIMs should be fairly comfortable going forward: PN Vasudevan, Equitas SFB
Equitas Small Finance Bank’s NPA increased from 2.21% to 2.39% in the third quarter due to a securitisation transaction. They expect slippages to reverse in the fourth quarter. The bank is comfortable on capital adequacy and well placed in the current interest rate scenario. Equitas SFB’s MD & CEO says: “Our pre-Covid GNPA used to […]
Gathiya maker Gopal Snacks’ IPO opens for subscription. Should you bid?
Gopal Snacks IPO opens with a price band of Rs 381-401 per share. It has a diverse product portfolio and six manufacturing facilities. Revenue for H1 2023 was Rs 676 crore. Intensive Fiscal Services, Axis Capital, and JM Financial are the lead managers.
JM Financial shares plunge 19% after RBI restrictions. Here’s what happened
Shares of JM Financial plunged 19% after RBI barred JM Financial Products from undertaking business in shares and bonds funding. RBI directed JM Financial to cease and desist from financing against shares and debentures. The stock has been on the downtrend for the fourth straight session.
Rs 30,000 crore boost! FII dollars chased 8 sectors in February, but one remained unlucky
Foreign portfolio investors slowed down selling on Dalal Street in February, with eight sectors witnessing cumulative inflows of more than Rs 30,000 crore. The consumer services sector attracted the highest inflows at Rs 7,538 crore. The construction and fast moving consumer goods sectors faced outflows. Equities may witness a volatile March with continued selling in […]
Indian bond markets eye smaller below-$5 bn inflow from Bloomberg inclusion
Bloomberg Index Services said on Tuesday it would include 34 Indian government bonds eligible for investment via the country’s fully accessible route (FAR), in its Emerging Market Local Currency Index (EMLC) from Jan. 31, 2025.
Hot Stocks: Brokerage view on RIL, IIFL Finance, MGL and UltraTech Cement
Citigroup maintains buy rating on UltraTech Cement, downgrades MGL. Jefferies downgrades IIFL Finance, JPMorgan maintains overweight rating on RIL. RBI’s restriction impacts IIFL Finance. RIL’s earnings driven by telecom tariffs and retail earnings.