Big movers on D-Street: What should investors do with ITC, Swan Energy and Kalyan Jewellers?
Stocks that were in focus included names like ITC, which fell 0.82%, Swan Energy, which rose 10%, and Kalyan Jewellers, whose shares dropped nearly 1% on Thursday.
I am a big believer in investment-led growth and that is one big area that we need to sustain: Sanjeev Sanyal
Sanjeev Sanyal emphasizes sustained growth, calling for progress in infrastructure, private sector investment, and administrative reforms. He underscores the need for a modernized legal system and continuous government process re-evaluation to maintain India’s positive economic trajectory. Sanyal says: “We need a big process reform agenda which seeps into the whole government process so that we […]
Oil dips on profit taking after price crosses $85
Brent crude oil futures for May fell 41 cents, or 0.5%, to $85.01 a barrel at 1234 GMT, after crossing $85 a barrel for the first time since November on Thursday. U.S. West Texas Intermediate (WTI) crude for April fell 32 cents, or 0.4%, to $80.94.
Bears Pause; Mid & smallcaps claw back lost ground
The Nifty 50 rose 148.95 points, or 0.7%, to close at 22,146.65. Sensex rose 335.39 points, or 0.46%, to end at 73,097.28. Leading Adani Group stocks – Adani Enterprises and Adani Ports – jumped 6.2% and 4.8%, respectively, underpinning the Nifty’s gains after the Wednesday rout.
Proxy advisors positive on ICICI Securities delisting proposal
In its report, InGovern said the broking business is inherently volatile. By receiving shares of the relatively stable shareholding in the parent company, shareholders of ICICI Securities benefit from improved liquidity and enhanced price discovery.
Adani Airport Holdings raises Rs 150 crore at 9.95%
The proceeds of funds will be used for capex requirement of restricted companies who in turn will use it for improvement works of certain existing airport.
Govt moves High Court challenging Arbitral Award to Vedanta
The dispute between the Directorate of Hydrocarbons and Vedanta – Cairn arose due to incorrect cost recovery and non-allocation of common costs that allegedly had a huge “adverse financial implication on the Profit Oil/Gas” payable to the government.
Big dollars flowing into government debt, RBI’s likely to raise foreign cap
While the FAR category did not attract large foreign flows for three years, overseas players have poured almost $10 billion into the FAR bracket since JP Morgan said in September 2023 that Indian bonds would be included on its emerging market index from June of this year.
Mid- & small-caps still at full-to-lofty valuations: Kotak Institutional Equities
“We are not sure if the correction marks a reversal of the market to fundamentals and numbers from sentiment and narratives,” said Kotak’s analysts including Sanjeev Prasad in a client note.
Hot Stocks: 3 stocks expected to give 23%-49% return
Value company at 18 times FY26 estimated PE Rato, which is a 20% premium to peers- Craftsman and Sansera- on superior franchise and growth outlook.