Union Bank and Bank of India shares drop up to 10% after Q4 results
Union Bank and Bank of India witnessed a 6-10% fall in their shares on Monday as their Q4 results fell short of expectations. Union Bank reported a 19% growth in net profit, while Bank of India’s net profit increased by 7%.
F&O stocks to buy today: Sun TV, Biocon among top 6 trading ideas
“Options data suggests a broader trading range in between 21500 to 22500 zones while an immediate range between 21800 to 22300 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
We would keep 12-15% cash and wait for stocks that would outperform over next 12 months: Sandip Sabharwal
Sabharwal sees market correction due to weight, not elections. Global markets flourish, India shifts investments to China. Sabharwal says: “My base case is continuity and to that extent we would be more near 12% to 15% cash and waiting to buy into stocks and sectors which we think would offer outperformance potential over the next […]
Holding 21,950 can take Nifty to higher supports: Analysts
The current market trend has been showing signs of losing momentum, as evidenced by the sloppy ascent of the rise and the shrinkage of the size of candles. The index has been trading within a range of 21,800 to 22,800 for the past 11 weeks, and it is currently located at the lower band of […]
Sebi probing charges of ‘coerced’ voting to delist broking arm of ICICI
“The RMs would have been asked by some senior management personnel of the bank to woo the subsidiary’s shareholders to vote in favour of the delisting proposal,” said a person familiar with the regulator’s thinking. “Sebi is looking into the allegations. Call data records of people involved in this matter will also be examined.” Emails […]
Gayatri Projects promoters file plea against liquidation
However, a successful outcome is far from easy as any settlement with promoters under Section 12A of Insolvency and Bankruptcy Code (IBC) needs approval from 90% of lenders.
Gold ETFs see first outflow after March 2023
Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi).
Most of top individual investors lost money in March quarter
The Jhunjhunwala family’s wealth in listed firms crossed the ₹50,000 crore mark for the first time in the March quarter, while about 17 individuals held portfolios worth over ₹1,000 crore as of March 31, 2024.
Record additions of new SIPs give local funds added muscle
Registration of gross SIP accounts, the preferred route for small investors to invest in equities, rose to a record of 6.36 million in April, data from the Association of Mutual Funds in India (AMFI) showed.
IIHL seeks RBI approval to pledge 100% of RCap’s shares
IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT nod to buy the financial services firm for ₹9,661 crore.