Banking sector is the place to be, don’t be put off by FII selling: Andrew Holland
Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies LLP, discusses the impact of FII selling on bank stocks and the upcoming market trends post-elections. Coming to pharma, Holland says the bottom was hit some months back for the whole sector and the prospects are starting to look better not just locally but overseas […]
F&O stocks to buy today: HUL, BEL among top 6 trading ideas
Indian market poised for gains following global optimism. Nifty futures up marginally, VIX down. Analysts foresee support at 22500, targets at 22730 and 22810. Experts recommend buying BEL, CIE Automotive India, IRB Infrastructure, Hindustan Unilever, and M&M Financial.
Big movers on D-Street: What should investors do with Indian Bank, Sun Pharma and Hindustan Zinc?
Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday.
Gold retreats from near record-high levels as rate-cut bets ease
Shares of global miner BHP Group fell more than 3%, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer.
Granules promoter Chigurupati sells stake
About 75 lakh shares worth 303.81 crore were sold at 405.08 apiece and were bought by 8 funds at 405-405.1. Axis MF, Massachusetts Institute of Technology and Fidelity Funds’ India Focus Fund were the top buyers.
Hindustan Zinc makes a new high on silver rally
Silver is a byproduct of zinc mining, and Hindustan Zinc achieved record-high saleable silver production of 746 metric tonnes, up 5% year-on-year in FY24 while its zinc production remained stagnant at 8,17,000 metric tonnes.
Are concerns over F&O retail activity overblown?
Options turnover in the total F&O turnover has been calculated on the basis of the premium and not the strike value (which is used by NSE and BSE to calculate their turnover officially).
Fed officials back higher-for-longer rates
Minutes from the two-day Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was “well positioned,” various officials mentioned a willingness to tighten policy further if warranted.
Coforge launches QIP to fund acquisition
The company in a filing with BSE said that the floor price for the issue is at ₹4,531.40 per equity share. In a recent interaction with ET, Sudhir Singh, the CEO, said that the company will shell out $220 – $250 million, (or about ₹1,826 crore – ₹2,081 crore) to acquire Hyderabad-based Cigniti Technologies even […]
Zee’s finances on the mend, still wait for bigger picture
Zee’s consolidated revenue grew by 10% year-on-year to Rs 2,170 crore in the March 2024 quarter. This was 8% higher than the street’s estimates. A large part of this growth was on account of 10% growth in the advertising revenue at Rs1,110 crore, beating the analysts’ estimates by 16%.