BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal
BofA bought 6.7 lakh shares in Exxaro Tiles Limited through a block deal at Rs 96.22 per share. Setu Securities Pvt Ltd also bought shares in the company. Exxaro Tiles is a Gujarat-based manufacturer of vitrified tiles.
KRN Heat Exchanger IPO: GMP soars over 100% ahead of issue opening tomorrow
KRN Heat Exchanger IPO GMP Today: KRN Heat Exchanger IPO opens for subscription on September 25. The issue has a GMP of Rs 240, indicating a 110% premium. The IPO price band is Rs 220. The allotment of the issue is divided among QIBs (50%), retail investors (35%), and non-institutional investors (15%).
MCX revises futures & options transaction charges. New rates effective from October 1
MCX revised transaction fees for futures and options contracts, effective October 1, 2024. The new fees are Rs 2.10 per lakh for futures and Rs 41.80 per lakh for options. MCX offers trading in commodity derivatives across bullion, industrial metals, energy, and agricultural commodities.
Private bank stocks are outperforming PSU banks. Will the momentum last?
HDFC Bank and ICICI Bank have spearheaded a resurgence in private banking sector, with significant contributions from other major players such as Axis Bank, Kotak Mahindra Bank, Bandhan Bank, and IndusInd Bank. Over the past month, HDFC Bank’s share price has increased by 8%, while ICICI Bank has seen an impressive 12% rally.
Sebi seeks views on simplifying registration process for certain FPIs, floats consultation paper
Sebi is considering a proposal to streamline the Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs) to reduce paperwork and processing time. The industry has requested a simplified CAF with only essential fields for specific FPI categories.
Tech view: Nifty forms small-bodied indecisive candle as bulls develop cold feet at 26k. How to trade tomorrow
Domestic benchmarks are attempting to sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.
4 sectors Jigar Mistry is bullish on for next few months
So, clearly you are seeing sectors like say real estate, utilities and industrials where the sectoral growth has been faster than the earnings growth, so index has moved up way ahead of earnings estimates.
Manishi Raychaudhuri on factors that will dictate the market in next few months
If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near term, the private sector banks would come into mind, even though earnings growth is likely to slow down, I think the underperformance has possibly been a bit overdone there.
2 top stock recommendations from Vinay Rajani
Asian markets are also supporting. So, I do not find any logic or rationale behind going short here. The trend is clearly into uptrend. Right now, after rising for last three consecutive sessions, it is just a profit booking in intraday. I see a strong uptrend in the market.
AstraZeneca Pharma shares rally 13%, hit 52-week high after receiving nod for cancer drug Durvalumab
AstraZeneca Pharma Share Price: The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).