Nifty could move towards 25,600: Technical Analysts

However, if 24,850 is breached, profit booking up to 24,500 cannot be ruled out, analysts added. Infosys, L&T, TVS Motor, Bajaj Finance, Cipla, ICICI Bank, Glenmark, BPCL, TCS, Bajaj Auto, and Tata Motors have formed bullish patterns on charts, according to analysts.

F&O traders could get 80 new stocks to play

“The real excitement kicks in if F&O inclusion for both these names happens within the next few months,” said Nuvama Alternative’s head Abhilash Pagaria. “This could pave the way for Zomato and Jio to enter the Nifty 50 in the March 2025 review.”

Gala Precision seems to have wind blowing in its favour

The remaining amount is an offer for sale by the promoter, reducing the promoter’s stake from 75% to 55% post-IPO. Gala Precision is focused on non-commodity product offerings where competition is lower and is gradually increasing its exposure to the mobility segment through its fastener products, driving incremental growth.

Fund houses to ask Sebi to cut maturity time for AT-1 bonds

On August 5, the Sebi said that the valuation of AT-1 bonds my mutual funds would be based on the yield-to-call method, a move that implied lower volatility in net asset value (NAV) emanating from fund houses’ investments in the instrument.

PNB Housing sees growth emerging & affordable spaces: MD Girish Kousgi

PNB Housing Finance, backed by Carlyle, aims to grow its affordable loan book to ₹15,000 crore by FY27. Currently, the affordable housing sector contributes ₹2,500 crore. The lender plans to shift focus to high-yielding segments and expects its overall loan book to grow by 18% in the next three years.

Acko’s Life cover biz to focus on term plans, pensions

Acko, supported by major private equity firms, plans to invest ₹1,000 crore in its life insurance sector over the next five years. Founder Varun Dua revealed the company’s strategy will focus on term insurance and protection products, aiming to become a dominant player in this segment without launching investment-related offerings.