How FPIs spent Rs 57,000 crore on Indian stocks last month
In September, foreign portfolio investors (FPIs) recorded net buying of Rs 57,723 crore, a significant increase from Rs 7,320 crore in the previous month. Buying occurred across sectors like Financial Services, FMCG, capital goods, and telecom, while consumer services, construction materials, and IT saw net sales.
India’s Adani Green units plan to raise up to $1 billion in dollar bonds, bankers say
Four subsidiaries of India’s Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday.
Sebi outlines specific due diligence of investors, investments of AIFs
Sebi has instructed Alternative Investment Funds to carry out due diligence on investors and investments to ensure compliance with laws and prevent illegal activities. This includes special checks for investments from countries bordering India and contributions over 50 percent. AIFs must report the status of existing investments by April 7, 2025.
Domestic funds splash $1 billion/day on shares in dip-buying spree
Domestic institutions, including mutual funds and insurers, bought equities of over $4 billion in the three sessions, according to data compiled by Bloomberg.
Hyundai Motor India IPO opens next week with likely price band of Rs 1,865-1,960: Report
Hyundai Motor India is set to launch its IPO next week. The shares will likely be priced between Rs 1,865 to 1,960 each. This will value the automaker at up to Rs 1.6 lakh crore. The IPO opens for big institutional investors on October 14 and for retail investors from October 15 to 17.
Tech view: Nifty shows signs of bounce back, in process to form double bottom. How to trade tomorrow
Nifty shows signs of an upside bounce, forming a double bottom pattern around 24,700 levels. A move above 25,000 could lead to 25,400-25,500 resistance levels. Analysts suggest a ‘buy on dips’ strategy as long as support at 24,690 holds.
Deven Choksey on 3 themes that are right for investing in a volatile market
Deven Choksey is optimistic about investing in the metal sector due to stable energy prices and rising consumption. He also sees opportunities in some NBFCs and corporate banks with large assets. He believes the economic environment will benefit both sectors, with potential lower energy and lending costs contributing to growth.
Jyoti Structures shares surge 10% after big shark Ashish Kacholia buys 2.52% stake
Shares of Jyoti Structures skyrocketed by 10% after investor Ashish Kacholia acquired a 2.52% stake. Showing notable growth, the stock has risen 91% over the past year. The company secured significant orders recently and reported a net profit of Rs 5 crore for the June 2024 quarter.
IndusInd Bank, AU Small Finance Bank among 8 lenders that saw rise in NPAs in Q1
A debt that has been past due and unpaid for a predetermined period is known as a non-performing asset (NPA). As Q1 FY25 results approach, investors with banking stocks should pay attention to non-performing assets (NPAs) of the banks in their portfolios. According to Trendlyne data, several banks, including IndusInd Bank, AU Small Finance Bank, […]
Stocks to buy or sell today: Infosys, Tata Motors among top 7 trading ideas
The Indian market is expected to rebound on Tuesday, following positive global cues. Nifty futures closed down 0.67% at 25,005 on Monday. Options data shows maximum Call OI at 27,000 and 26,000, and maximum Put OI at 24,000 and 24,500. Analysts suggest a broader trading range between 24,400 and 25,400, with immediate resistance at 24,950.