F&O stocks to buy today: ITC, Asian Paints among top 9 trading ideas
On the weekly options front, the maximum Call OI is placed at 23,000 and then towards 22,600 strikes while the maximum Put OI is placed at 22,300 and then 22000 strikes.
NSE awaits Sebi’s green signal to begin IPO process
Its rival BSE (formerly Bombay Stock Exchange) launched its initial public offering (IPO) in 2017 and is currently listed on both exchanges. Notably, Chauhan was the CEO of BSE during its listing.
Wall Street sells off ahead of jobs report, investors digest Fed comments
Investors also digested comments from U.S. President Joe Biden, who called for an immediate ceasefire in a call with Israel Prime Minister Benjamin Netanyahu over the Gaza war. Oil prices climbed amid the geopolitical tensions.
FPIs pare stakes in HDFC Bank, but not enough for ETF gush
Overseas investors’ stake in the bank fell in the March quarter but this fell short of index provider MSCI’s requirements to increase the stock’s weight on the index.
SP Group company raises Rs 505 crore debt from Asia Pragati
Ricardo Constructions, a wholly-owned company of the SP Group engaged in the construction of residential apartments, raised the bonds from Asia Pragati Strategic Investment Fund, managed by PAG, a global alternative investment firm.
MFs voice ‘noes’ loudly at governance shortfalls
Data from primeinfobase.com showed the percentage of votes opposing resolutions soared to a record high of 8.55% in FY24, a notable leap from 7% in FY23 and 4.62% in FY22. This substantial increase aligns their position more closely with the practices observed in developed markets, where institutional investors typically oppose 8-10% of resolutions proposed by […]
Rupee closes at fresh low of 83.44
On Wednesday, the local unit had closed at 83.4350. So far in 2024, the rupee has depreciated 0.3% against the US dollar on a closing basis.
Banks, IT take Nifty to new high, countdown begins for next record
NSE’s Nifty rose 80 points, or 0.36%, to close at 22,514, its highest-ever closing level. The index hit an all-time high of 22,619 during the day. BSE’s Sensex rose 350.81 points, or 0.47%, to end at 74,227, a record closing level before. The index rose to an all-time of 74,501 earlier in the day.
RBI gives more time to comply, eases concerns
In view of feedback received and recent developments, it had been decided that the latest directions on exchange traded currency derivatives (ETCD) would be applicable from May 3, 2024 instead of April 5 as was said in a January 2024 circular, the RBI said.
While betting on smallcaps, don’t forget about the quality
The smallcap stocks have been under pressure over the past month after the market regulator warned about the frothy valuations in the segment. During the period, the smallcap quality index was still able to beat the broader smallcap index by 77 basis points vindicating the historical trend that the market continues to reward high-quality companies.