Bank of India acquires over 6% stake in CCIL IFSC
Promoted by Clearing Corporation of India Limited (CCIL), CCIL IFSC is the proposed entity to build and operate a real-time foreign currency settlement system at GIFT City, the country’s only operational international financial services centre.
Technical Breakout Stocks: How to trade Raymond, M&M and Tejas Networks on Tuesday
Sensex, Nifty saw marginal decline in profit-booking on Monday amid mixed cues. Sectorally, metal, oil & gas and IT stocks saw some selling, while buying was seen in realty, utilities, telecom and healthcare stocks. Raymond stock was up over 3% to hit a fresh 52-week high.
Andhra-based stocks extend gains up to 62% in 4 sessions, riding high on TDP win
Shares of Andhra Pradesh-based firms continued surging despite muted headline indices. The rally, sparked by Chandrababu Naidu’s election win, saw companies like KCP surge up to 40% in four sessions. Andhra Cements led gains with 10%, followed by Nelcast at 5.6%. KCP gained 0.6%, Andhra Sugars rose 6.6%, and others like Crane Infrastructure and Laurus […]
Kronox Lab shares got listed at 21% premium. What should investors do?
Kronox Lab Sciences had a decent listing at the bourses, falling short of expectations due to market volatility. Analysts praise its strong position in specialty fine chemicals sector.
Tech View: Nifty may consolidate within 23,000-23,500. Here’s how to trade on Tuesday
The near-term trend of the index remains positive, but with a crucial hurdle around the 23,300 level, there is a high chance of a short-term downward correction. Immediate support is at the 23,100 level, according to Nagaraj Shetti of HDFC Securities.
Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath
If you look at this, the regulatory intent or the policy intent that the entire banking credit, 40% of average net banking credit should be in the priority sector. As we all know the banking sector, while in recent past the priority sector lending from bank side has improved, but for a variety of reasons […]
N Chandrababu Naidu’s family’s wealth surges Rs 1,225 crore as Heritage Foods shares double in 12 days
Chandrababu Naidu’s family’s wealth surges with Heritage Foods shares rising over 105%. Naidu’s party, Telugu Desam Party, wins big in Andhra Pradesh elections.
2 top stock recommendations from Soni Patnaik for near term
The first pick would be in the pharma space, we are seeing quite good momentum here today, so pharma you can see Syngene which is giving you a good fresh breakout above 700 level so I think it is looking quite positive from current levels to test higher targets of 720, 725.
Stocks in news: Bajaj Finance, Kronox Lab, IDBI Bank, Dr Reddy’s, Godawari Power, Jubilant Pharmova
Domestic markets navigated a volatile week, ending near all-time highs. Bajaj Finance filed for a Rs 7,000 crore IPO, Kronox Lab to debut with 30% premium, Godawari Power eyes share buyback, Dr Reddy’s unit gets FDA observations, and Jubilant Pharmova faces FDA scrutiny.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.