Stocks to buy: Tata Technologies, Paytm and Dixon Tech on investors’ radar
Benchmark indices saw significant gains on Monday, boosted by banking, financial, and power stocks. Tata Technologies remains in a downtrend, Paytm shows signs of weakening, and Dixon Technologies continues to maintain a robust primary uptrend. Analysts offer cautious investment recommendations for the upcoming trading sessions.
Many equity research companies calling it quits as new Sebi rules pinch
Independent research outfits provide stock advice to investors looking for under-researched investment recommendations but do not have the wherewithal to put ₹50 lakh at one go in Portfolio Management Services (PMS) or ₹1 crore in Alternative Investment Funds (AIFs).
Asian stocks open higher as Tariff threat eases
Shares climbed from the open in Australia, Japan and South Korea, with the MSCI Asia Pacific Index rising as much as 0.8%. US futures extended their rally from Monday when the cash market was closed. Asian currencies strengthened as Bloomberg’s gauge of the dollar dropped for a second day. Treasuries climbed.
RBI injects Rs 76,000 crore more to boost liquidity, rein in call money rates
The ₹75,772-crore liquidity will be reversed on Tuesday. The move is aimed at easing the liquidity conditions and prevent the call money rates from shooting sharply above the current repo rate of 6.5%.
Kotak Bank surges 9% as Q3 tops expectations, brokerages positive
Kotak shares, which closed at ₹1,920.5 on Monday, gained 7.5% in the past year and 17% in five years. The Bank Nifty rose 9.6% in one year and 58% in five years.
Former RBI deputy guv Jain to chair panel to evaluate bank licence applications
The Reserve Bank of India has formed a new external committee, led by former deputy governor MK Jain, to evaluate applications for universal and small finance banks. Initial screening by the central bank will ensure eligibility, followed by the committee’s assessment. This committee succeeds the one led by Shyama Gopinath, with members like Revathy Iyer […]
Sebi may extend time to determine NAVs
To meet redemption requests, the overnight schemes don’t have to make any sale transaction before market hours. Instead, these schemes, based on redemption requests, may decide not to reinvest the maturity proceeds to be received on T+1 settlement date.
Rupee gains 5 paisa to 86.567
Brent crude oil prices fell from $82 per barrel last week to $80 per barrel due to a ceasefire in the Middle East and due to speculation that Donald Trump may ease sanctions on Russian energy exports, traders said.