Banking system liquidity back at surplus; markets see signs of softer RBI stance
For seven days in September, the RBI injected funds into the banking system, signaling deficit liquidity conditions caused by the combined impact of quarterly advance tax payments and monthly GST payments, which drained funds from the system.
Property Share files DRHP for Rs 353 crore IPO for maiden SM REIT scheme.
The offer proceeds are intended primarily for the acquisition of the Prestige Tech Platina asset by the Platina SPVs, with the remaining funds allocated for general corporate purposes.
Morgan Stanley, Goldman Sachs, this smallcap fund buy Nuvama shares worth Rs 1,235 crore via block deals
Morgan Stanley bought 3.42 lakh shares for a total of Rs 229 crore, while Goldman Sachs acquired 3.24 lakh shares at a cost of Rs 218 crore. Additionally, Smallcap World Fund Inc purchased 11.75 lakh shares valued at Rs 788 crore.
Tech View: Nifty takes a breather with small negative candle, bullish view intact. How to trade on Monday
The formation of a third consecutive long bull candle on the weekly chart indicates a bullish “three advancing soldiers” pattern, signaling the continuation of the uptrend. This pattern suggests strong upward momentum and potential for further gains in the market.
BPCL, Sun Pharma among 7 Nifty50 stocks that hit 52-week highs on Friday
Sensex and Nifty fell into the red on Friday, ending their seven-day winning streak, despite gains in some financial stocks.
Investors seek clarity, would be happier if PB Fintech remains less capital intensive: Manas Agrawal, Bernstein
I think investor communication on that front would be helpful in cooling off speculation. And I think the stock has now stabilised. But the last three days have been very volatile. So, clarity on that front will be helpful.
NSE defers T+0 rolling settlement cycle until further notice
In the T+0 settlement cycle, trades are settled on the same day they occur which means that the transfer of shares to the buyer’s account and funds deposited in the seller’s account happen on the same day of the trade.
Where does this FII find scope for 15% CAGR in earnings for next 3-4 years?
Vikas Pershad and Deepika Mundra from M&G Investments outline their investment strategies, focusing on sectors such as auto ancillaries, EMS companies, and defence. They emphasize the need for profitability in investments and caution against overvalued IPOs. Long-term growth is anticipated in industrials and healthcare sectors. They also indicate sectors where an investment can double in […]
NRI Rajiv Jain’s GQG to pay $500,000 penalty to settle US SEC charges
Without admitting or denying the SEC’s findings, GQG agreed to be censured, to cease and desist from violating the whistleblower protection rule, and to pay a $500,000 civil penalty, it said in a release.
Balarampur Chini, Avadh Sugar and other sugar stocks rally up to 8% as govt to consider MSP, ethanol price hike
Sugar stocks surged up to 8% following Food Minister Pralhad Joshi’s announcement that the government is considering increasing ethanol prices and raising the minimum selling price of sugar. The rally was led by Balarampur Chini, which rose 8%. The minister also mentioned that a decision on sugar exports would depend on production estimates for the […]