BHEL shares rally up to 9% on receiving work order from Power Grid
BHEL share price: BHEL and Hitachi Energy India secured a contract from Power Grid to build HVDC terminal stations for a 6,000 MW renewable energy project. The stations will transmit power from Gujarat to Maharashtra, part of India’s 500GW renewable energy plan. BHEL’s shares rose 2% following the announcement, while Hitachi Energy’s shares surged over […]
Continue to like bank & IT stocks, not worried about short-term volatility: Roshi Jain
HDFC AMC’s Roshi Jain believes near-term market volatility is not a concern for long-term investors. Indian markets offer opportunities. Jain expects earnings growth to remain in double digits. Government capex may slow, but private sector investment is picking up. The auto sector and banks are promising areas for growth. India’s growth story remains intact.
Edelweiss Financial shares jump over 1% on plans to sell minority stake in MF arm
Edelweiss Financial share price: Edelweiss Financial Services’ shares rose after the company announced plans to sell a minority stake in its mutual fund business. The firm aims to divest 25-35% for a $600 million valuation, seeking a strategic partner. While appointing an advisor, Edelweiss clarified its commitment to enhancing shareholder value through stake sales or […]
Positive Breakout: These 7 stocks close cross above their 200 DMAs
In the NSE mid-cap pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 25, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the […]
Rajputana Biodiesel IPO opens today: Check issue size, GMP, price band and other details
Rajputana Biodiesel’s SME IPO opened today, aiming to raise Rs 25 crore via NSE SME platform. Priced at Rs 123-130 per share, the IPO closes on November 28, with a GMP of Rs 80. The company, specializing in biofuel manufacturing, plans to utilize funds for subsidiary loans and working capital.
Big movers on D-Street: What should investors do with HPCL, PFC and IRFC?
Benchmark indices rallied over 1% on Monday, boosted by blue-chip stocks and positive political developments. Analysts offer insights on HPCL, PFC, and IRFC. HPCL faces resistance, while PFC shows potential after a pullback. IRFC displays a negative trend with declining momentum, prompting caution from experts.
Markets react to Trump’s tariff promise
President-elect Trump announced plans to impose tariffs on goods from Mexico, Canada, and China on his first day in office, triggering market reactions. The dollar rallied, while Asian and European markets declined. Experts offered mixed views, some seeing it as a negotiating tactic, others expressing skepticism about its effectiveness.
Hindujas in talks to raise 2nd tranche of Rs 4,300 crore
The first tranche amounting to ₹3,000 crore was raised from Barclays and 360 One in September, as reported by ET. The second round had been delayed pending approval from the Department for Promotion of Industry and Internal Trade (DPIIT), people cited above said.
Dollar rallies, stocks retreat after Trump vows tariffs
“It’s almost as if Trump wants to remind markets who is in control, after nominating Scott Bessent as Treasury Sec – a man markets expected to cool Trump’s potency,” said Matt Simpson, senior market analyst at City Index.
Dollar flows for MSCI rejig lift rupee to 84.25 intraday
The Indian rupee ended Monday at 84.28 to a US dollar, up 0.2% from its previous close, helped by inflows of the greenback related to the rebalancing of MSCI global equity indexes. This was the strongest one-day gain for the local currency since June 3, LSEG data showed.