Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 23, 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 200-day […]
Q3 results today: IndiGo, JSW Steel among 81 companies to announce earnings on Friday
Companies like Bank of India, Aditya Birla Money, Centrum Capital, DCB Bank, EMS Ltd, Granules India, Trident, Ugro Capital, Vimta Labs and a few others will also declare their quarter results.
KEI Industries, Tanla Platforms record date for interim dividend on Monday. Do you own?
KEI Industries and Tanla Platforms have announced interim dividends, with January 27 as the record date for eligibility. KEI Industries declared a Rs 4 per share dividend, while Tanla Platforms approved Rs 6 per share. Shareholders holding stocks by this date will qualify for the payouts, which will be distributed by February 20.
GB Logistics IPO opens for subscription. Check GMP, key dates, price band and other details
GB Logistics IPO opens today, aiming to raise Rs 25 crore through a fresh equity sale of 24.57 lakh shares. The price band is set at Rs 95-102 per share. The proceeds will be used for debt repayment, working capital, and corporate purposes. The allotment finalization is expected on January 29, with listing on January […]
Asian shares track Wall Street optimism before BOJ
Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul.
Brokers feel the pinch of regulatory actions, market slowdown in Q3
Angel One, the third-largest broker by client base, posted a 17% quarter-on-quarter (QoQ) decline in revenues for the December quarter. Its net profit plunged 34%, falling from ₹423 crore in September to ₹281 crore in December.
RBI injects over Rs 1.5 lakh crore via VRR auctions, buybacks
On Thursday, RBI injected more than ₹1.45 lakh crore via two overnight variable rate repo (VRR) auctions and a buyback operation of ₹9,666 crore. The RBI will conduct a similar VRR auction on Friday for ₹2 lakh crore, along with a 14- day auction for ₹1.75 lakh crore, maturing on February 7.
Indian rupee slips to 86.457/USD
The RBI allowed the currency to move both ways, with minimal intervention. There were also flows into the Indian bond market in anticipation of a rate cut on February 7, but dollar demand from foreign banks offset the gains,” said a bond dealer at a private bank.
Indian cos hedged well to withstand dollar’s rise: Moody’s
Indian companies with strong cash flows and credit profiles will remain resilient despite the rupee’s 5% decline against the US dollar in the last two years, according to Moody’s. Only six out of 23 rated firms may face risks, but they possess mitigating factors like government ties, natural hedges, and active debt management to offset […]
Lending growth outpaces deposit growth yet again
Bank lending outpaces deposit growth in early Q4, pressuring resources and raising deposit rates. Lending is up 11.5% year-on-year as of January 2025, with a slowdown attributed to RBI measures and market concerns. Banks focus on reducing their credit-to-deposit ratio to manage fund costs and profit margins.