Apple looks most oversold in years after $200 billion selloff
Shares of the iPhone maker are down 14% from a recent peak and have dropped 12% this year, compared with a gain of 7.42% for the Nasdaq 100 Index. Apple shares have been pressured by concerns over iPhone sales in China and a fine from the European Union.
F&O stocks to buy today: Infosys, Sun Pharma among top 9 trading ideas
On the options front, the maximum Call OI is placed at 23000 and then towards 22800 strikes while maximum Put OI is placed at 22000 and then towards 22300 strikes.
Big movers on D-Street: What should investors do with JM Financial, Samvardhana Motherson and L&T Finance?
Stocks that were in focus included names like JM Financial, which fell 10.42%, Samvardhana, which declined 3.83%, and L&T Finance, whose shares dropped 7.31% on Wednesday.
Bulls march on: Sensex crosses 74k milestone
The Sensex gained 408.86 points, or 0.55%, to close at 74,085.99 after hitting a record 74,151.27. The Nifty rose 117.75 points, or 0.53%, to close at 22,474.05 after hitting an all-time high of 22,497.20. Both indices, which were trading lower earlier in the day, rebounded in the latter half.
‘Concentrated’ AIFs need stricter rules to stop misuse: Fund Houses
Even though an industry-wide consensus is yet to be reached on the subject, a number of AIF managers are taking such positions with the Securities and Exchange Board of India (Sebi) having made it clear that it would like to put an end to deals that are cut to circumvent different financial regulations. Such practices, […]
Rupee closes at 6-month high of 82.83 on strong inflows, weaker dollar
The domestic currency settled at 82.83 per US dollar on Wednesday, its strongest closing level since September 4, 2023, Bloomberg data showed. On Tuesday, the rupee had closed at 82.90 per US dollar.
Will keep India on review for Global Aggregate Index: Nick Gendron, Bloomberg Index Services
Speaking to ET a day after Bloomberg announced India’s inclusion in the EM index, Gendron said operational factors being watched closely included repatriation of funds, the time taken to open accounts and the current system of trading hours. Edited excerpts:
Mood upbeat, promoters use preferential allotments to raise stake
In the past six months, more than 100 companies have issued convertible warrants or made preferential allotments to promoters, considered a sign of optimism among these shareholders about the outlook of their businesses and share valuations.
City gas companies stocks tumble on government pricing concerns
Mahanagar Gas shares plunged 15.4% to close at ₹1,324.7 Wednesday. Indraprastha Gas fell 6.15% and Gujarat Gas declined 6.74%.
Shriram Finance plans to raise $200 million
The company has sought interest from foreign banks for what will be classified as a social loan because of Shriram’s lending profile which includes loans to small entrepreneurs and vulnerable social groups.