Hot Stocks: Brokerage view on HDFC AMC, IDFC First, Apollo Tyres and Varun Beverages
Morgan Stanley began covering Varun Beverages with an overweight rating, while it upheld an Equal Weight rating on Apollo Tyres. Jefferies reaffirmed a buy rating on IDFC First, whereas JPMorgan upgraded HDFC AMC to overweight.
Expect shallow rate cut by Fed in July-August; RBI may follow: Mahendra Kumar Jajoo
Jajoo expects Fed rate cuts in July-August but points out that we are now dealing with a new development on the geopolitical front. Iran and Israel conflict news is coming and that will have impact on the energy prices, which will again impact the global supply chain. Therefore, the central banks will be a little […]
F&O stocks to buy or sell today: RIL NTPC among top 6 trading ideas
On the weekly options front, the maximum Call OI is placed at 22,700 and then towards 22,500 strikes while the maximum Put OI is placed at 22,000 and then towards 22,200 strikes.
Q4 results today: Crisil, SG Mart among 6 companies to announce earnings on Tuesday
Most domestic high-frequency indicators have trended higher during the quarter, which could translate into good demand momentum for the domestic corporate segment.
Asian shares slide on Fed rate cut rethink; China GDP in focus
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
West Asia tensions give Dalal Street a headache
The Nifty fell 246.9 points, or 1.1%, to 22,272.50. The Sensex declined 845.12 points, or 1.14%, to 73,399.78 in a volatile trading session that saw mixed responses across the Asia-Pacific to this weekend’s Iranian drone attacks on Israel. China advanced 1.26%, Hong Kong fell 0.73%, South Korea declined 0.42%, and Taiwan dropped 1.38%.
Pharma, healthcare top bets of fund managers in March
They also purchased insurance stocks like SBI Life, HDFC Life, and ICICI Prudential Life Insurance after favourable guidelines on the surrender value of policies were announced by the insurance regulator IRDAI. Also, the recent removal of the age limit on availing of health insurance is seen as boosting the prospects of life insurance companies.
Jio Financial forms joint venture with BlackRock
In a release to stock exchanges on Monday, Jio said it has signed a 50:50 joint venture with BlackRock for incorporating wealth management and brokerage companies in India. Both companies have a similar partnership for the asset management venture.
Fairfax arm infuses Rs 500 crore into IIFL Finance
Fairfax’s Odyssey Reinsurance offers Rs 500 crore debt to IIFL Finance for gold loans. Prem Watsa’s subsidiary provides secured, rated bonds at 9.5% coupon. ET’s comment requests to IIFL Finance and Fairfax go unanswered.
MFs prune stakes in PSUs following stellar bull run
Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw an increase in stakes.