Block trades led by global firms reach record $15 billion
Among block trades, Vodafone Group Plc subsidiaries raised about $1.8 billion by selling shares in India’s Indus Towers Ltd. in June, while British American Tobacco Plc. sold part of its stake in India’s ITC Ltd. for about $2 billion.
Asian Paints shares tumble 4% after disappointing Q1 numbers. Should you buy, sell or hold?
Asian Paints shares dip 4% as Q1 profits fall by 24% YoY. Brokerages maintain neutral stance with varied target prices. Concerns over margin and revenue growth persist. Industry facing competitive pressures and potential market share shifts.
Rail stocks zoom up to 101% since interim Budget. Is there still time to board the money-making train?
Rail stocks soared post interim Budget with Nirmala Sitharaman’s increased allocations. RVNL doubled investments, raising market cap by Rs 1.6 lakh crore. Investors eye multibaggers. Analysts foresee gains from capex plans, high-speed rail, and safety upgrades.
FM can afford to go for a mix of consumption boost & capex in this Budget: Siddhartha Sanyal
Whether the additional resources that the government enjoys are directed more towards immediate consumption boosting that will give an immediate boost to growth or if they will continue with support to their investment-driven programmes, needs to be seen. The government can choose to go for a mix of both, says Siddhartha Sanyal
F&O Ban List: Vedanta, Balrampur Chini among 8 stocks under trade ban on Thursday
Eight stocks under F&O ban while three exit. Market restrictions based on open interest levels. Nifty 50 and Sensex reach all-time highs on Tuesday fueled by Bharti Airtel, HUL, and IT stocks.
ETMarkets Smart Talk: Fiscal deficit above 6% could result in a kneejerk reaction on markets but devil lies in the detail: Sachin Shah
And markets have taken into stride that there is political stability, there is political continuity and I think the other very important aspect is that today the confidence in the earnings growth is fairly high.
Rush begins for investment tools, India-linked ETFs now in high demand
India’s inclusion in JP Morgan’s bond index in September 2023 has increased global interest in local debt. ETFs, such as L&G ($698.9 million), UTI, BlackRock, Xtracker’s, and Tabula’s, now manage $835 million. Smaller investors use ETFs or Total Return Swaps, bypassing multiple operational layers, streamlined by UCITs regulations as of May 31, 2024.
New asset class could bring in flexibility with higher ticket size
Revolutionary new asset class proposed by India’s market regulator, offering high-ticket investments between mutual funds and PMS/AIFs. Get ready for a wave of unique investment opportunities with flexible strategies and regulatory oversight. Will this shake up the financial industry? Find out more!
Foreign flows in G-secs top $1 billion in two weeks
Flow post inclusion in JP Morgan global index, analysts expect investment of around $2 b per month; India likely to reach maximum weight of 10% in Index over the next 10 months
Vedanta can get over Rs 6,500 crore after HZL reserve transfer nod
NCLT Jaipur approved Hindustan Zinc’s ₹10,383 crore transfer for internal restructuring, aiding Vedanta’s $3 billion debt reduction, enhancing its $894 million bond. Despite NSE and BSE objections on routing funds, it contributes to Vedanta’s growth. The transfer is deemed a commercial contract, securing shareholders’ interests, effective as of the appointed date.