F&O stocks to buy today: UPL, ITC among top 9 trading ideas
The Nifty future closed negative with a marginal loss of 0.01% at 22611 levels on Friday. India VIX was up by 1.07% from 11.22 to 11.34 levels. Volatility has risen marginally after the cool-off seen in the last 4 sessions.
Vishal Mega Mart said to pick Kotak, ICICI for mega IPO
Vishal Mega Mart chose Kotak Mahindra Bank Ltd. and ICICI Bank Ltd to help arrange a share sale as early as in the fourth quarter of this year, the people said, asking not to be identified because the deliberations are private.
Hot Stocks: Brokerage view on IDFC First, Titan Company, Godrej Consumer and Marico
Brokerage firm Macquarie has an outperform rating on Marico, Morgan Stanley recommended an Equal Weight rating on Godrej Consumer, JPMorgan has an overweight rating on Titan and Jefferies initiated a buy on IDFC First Bank.
Big movers on D-Street: What should investors do with CG Power, JK Lakshmi and Metro Brands?
Stocks that were in focus included names like CG Power, which jumped nearly 1%, JK Lakshmi, which fell 3%, and Metro Brands, whose shares declined 0.4% on Friday.
Small-cap & mid-cap funds biggest wealth creators
Some value-oriented funds also did well as the fund managers bet on public sector companies in segments like banks, railways, and defence. Large-cap funds, which need to invest at least 80% of their corpus in the top 100 stocks, trailed due to higher exposure to private banks and IT companies, which underperformed the broader markets.
Go First creditors to take possession of pledged land parcel
The lenders last week took symbolic possession of the land located in Thane, in the first step towards a likely auction of the property.
Sweltering summer forecast brings focus onto AC stocks, sizzle likely to be seasonal
In the last five days, Johnson Controls-Hitachi Air Conditioning surged 15.82% while Voltas and Blue Star rose 8.82% and 5.59%, respectively. Whirlpool of India and Amber Enterprises gained 9.88% and 0.33% respectively. The benchmark Nifty was almost flat in the same period.
ICICI Bank provides Rs 2,675-crore debt facility to Tata Steel for three years
Tata Steel has raised Rs 2,700 crore through unsecured fixed-rate bonds at 7.79%, show documents filed with National Securities Depository Ltd. Niva Bupa Health Insurance invested Rs 25 crore in Tata Steel’s bonds that were issued in the last week of March.
Nifty on a roll, has 23,000 in its sights: Analysts
On weekly chart, Nifty has formed a “Doji” candlestick pattern that indicates indecisiveness among market participants on the direction of the market. If Nifty crosses and sustains above the level of 22,650, it would witness buying, leading the index towards 22,800-23,000 levels.
Phoenix ARC buys two stressed loans from IIFL
It has offered 15% cash and 85% security receipts for the loans that include one project in Noida and another in Jogeshwari, Mumbai. Phoenix ARC was the only participant in the open auction, the source said. Both Phoenix ARC and IIFL spokespersons did not respond to a request for comment until press time Sunday.