ITC demerger: Stock exchanges to hold special session today to set ITC Hotels share price
While ITC Hotels shares will not get listed today, bourses will create a dummy ticker and include it as the 51st Nifty stock and 31st Sensex stock till the actual listing happens in the next few weeks. Until then, you can’t buy or sell ITC Hotels shares.
China’s central bank vows ‘moderately loose’ policy
Officials have unveiled measures aimed at bolstering growth, including cutting interest rates and easing homebuying restrictions, but economists have warned more direct stimulus may still be needed.
FPIs heavily bearish, but that may well be a bullish signal
This was closer to 2024’s lows of 12.7% on June 4, which was seen at the start of June 2024 during the once-in-five-year mega event of the Lok Sabha election results, said Rajesh Palviya, head of technical and derivatives research at Axis Securities.
Mutual Fund Tracker: Temper returns expectations; go heavy on large caps
Here are some suggestions from wealth advisors on how mutual fund portfolios could be structured for conservative, moderate risk, and aggressive-risk investors this year.
Asset reconstruction companies hire specialised loan collection agents
Asset reconstruction companies are hiring specialised collection agencies to recover unsecured retail loans as stress in this segment increases. ARCs are prompted by the need to use external infrastructure and banking guidelines. A push towards professionalisation in loan recovery is underway.
Most banks see slower loan growth amid weak demand
In the December quarter, slower consumer demand and risk aversion to unsecured loans have led banks to report slower credit growth compared to deposit growth. HDFC Bank’s deposits surged 15% year-on-year while its loan growth was at 3%. Only IDBI Bank and IndusInd Bank saw loan growth outpace deposits.
Shorts to run for cover above 24,200: Analysts
Strong support is placed at 23,300 which we expect to hold as it is the confluence of 61.80% retracement of the June-September rally (21,281-26,277) coinciding with the 52-week EMA at 23,350. Buying on dips in quality stocks would be the prudent strategy.
Front-running is unfair, undermines trust in markets
Front-running is an illegal practice of purchasing a stock based on unpublished information of a large transaction that could move prices. Since big trades by large investors usually move stock prices, those with insider information build positions prior to the execution of the large investor’s order betting that they would make profits once the purchase […]