Big movers on D-Street: What should investors do with Angel One, Hindustan Zinc and Triveni?
Indian markets surged on Tuesday, led by strong buying in banking, financial, and auto stocks. Key stocks included Angel One, up 13.19%, Hindustan Zinc, which gained 3.73%, and Triveni, which fell 2.42%. Analyst Kushal Gandhi recommends buying Angel One, abstaining from Hindustan Zinc, and sees potential in Triveni stocks for favorable trading opportunities.
IRFC among 18 stocks to trade ex-dividend on Thursday; last day to buy today
IRFC and other companies set August 22 as the record date for dividends, making today the final day for shareholders to qualify. IRFC declared a final dividend of Rs 0.70 per share and earlier offered an interim dividend for a total of Rs 1.50 per share for FY 2023-24.
SBI, other PSU Banks hit Bond Street to raise Rs 20,000 cr by month-end
State-owned banks, including SBI and Bank of Baroda, aimed to raise nearly ₹20,000 crore by month’s end through debt markets, responding to a credit growth outpacing deposit growth. SBI planned to raise ₹5,000 crore-10,000 crore with tier-2 bonds, and Canara Bank would issue AT-1 bonds worth up to ₹4,000 crore to meet financial demands.
FPIs turn to the primary market amid soaring valuations in the secondary market
FPIs have turned to the primary market, investing $6.4 billion in Indian equities via IPOs and QIBs up to August 19, 2024, amid high secondary market valuations. They have been net buyers in the primary market for 11 consecutive months but net sellers in the secondary market during seven of the past twelve months.
D-Street bull run brings windfall gains for Sebi too
Indian stock markets have seen a strong performance, resulting in increased earnings for the Securities and Exchange Board of India (Sebi). In FY24, Sebi’s fee collection from market intermediaries rose 53% to ₹1,851 crore. Major contributors included higher regulatory fees from stock exchanges and increased turnover in both cash and derivatives markets.
Understanding Aggressive Hybrid Funds; here’s all you need to know
Financial planners recommended aggressive hybrid funds for first-time investors because they combine equity and debt, offering reduced volatility. The category manages ₹2.19 lakh crore of assets in 31 schemes and has favorable tax treatment. These funds are ideal for conservative investors seeking automatic asset allocation and moderate risk, with a minimum five-year investment horizon.
More banks may get into AMC biz after RBI nod to IndusInd Bank
IndusInd Bank received approval from the Reserve Bank of India to set up a wholly-owned asset management business, a first for a mainstream lender. This move could signal more opportunities for other banks looking to diversify into para-banking sectors. The RBI had earlier allowed HDFC and ICICI Bank to increase stakes in insurance subsidiaries.
Asian stocks fall as US rally takes a breather: Markets wrap
Asian stocks declined following a halt in Wall Street’s rally near record highs. Shares fell in Japan, Australia, and South Korea, while Chinese stocks are expected to follow suit. The market’s recent gains were driven by hopes of Federal Reserve rate cuts. Investors are now looking for more signals from upcoming speeches and data.
Stocks in news: Zomato, Cyient DLM, L&T, Petronet LNG, NHPC
Stocks in news: The markets saw an uptick of almost half a percent on Tuesday, with Zomato, Cyient DLM, L&T, Petronet LNG, and NHPC grabbing attention. Notable activities included a major stake sale by Antfin Singapore Holding in Zomato, and equity transactions involving PNB Housing Finance and Cyient DLM. L&T got GST relief, while NHPC […]