Broad-based market rally unlikely without FPI flows & stronger growth: Nilesh Shah
The broad-based rally at least at this point of time looks difficult, unless and until it is supported by growth or it is supported by flows led by FPI’s buying.
IRCON International shares zoom 8% after Rs 1,096 crore Meghalaya project win
Ircon share Price: The project involves constructing a new Secretariat Complex, including campus infrastructure, in New Shillong City. IRCON holds a 26% stake in the joint venture, valued at Rs 285 crore, while BRC holds the remaining 74%. The contract is set to be completed within 36 months.
IREDA shares surge 3% on increasing borrowing limit by Rs 5,000 crore for FY25
IREDA shares have seen a 1-year price gain of 7.26%, but a Year-To-Date (YTD) decline of 37.74%. Over the past 6 months, the price has decreased by 39.36%, and in the last 3 months, it has dropped by 35.01%. The 1-month price decline stands at 16.56%.
Death Crossovers: These 5 stocks signal bearishness on March 18
In the NSE list of stocks with a market cap over Rs 10,000 crore, five stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving […]
Stocks to buy: Swiggy, RVNL and TVS Motor on investors’ radar
Benchmark BSE Sensex bounced back with a 341-point gain, ending a five-day losing streak due to strong performance in banking stocks and a global rally. Stocks like HAL, BEL, and KPIT Tech showed significant movements, with HAL and KPIT Tech rebounding, while BEL experienced slight fluctuations.
Rupee ends stronger for third day in a row, closes at 86.80 vs US dollar
The rupee strengthened by 20 paise against the dollar, closing at 86.80, driven by inflows. However, experts warn that sustained inflows are needed to maintain stability.
Asian stocks gain on US bounce, China optimism
Japanese equity benchmarks outperformed with gains topping 1%, while shares in Australia and South Korea also advanced. Futures showed Hong Kong’s benchmark may open more than 2% higher on Tuesday. That’s after US stocks climbed for a second day, as industrial and energy shares rallied.
IndusInd raises Rs 11,000 crore via CDs in confidence boost
The fundraising suggests a likely return of investor confidence in the bank after the Reserve Bank of India on Saturday said the private lender has sufficient capital despite a likely hit on its net worth.
RBI liquidity boost may lower lending rates sooner than expected
Short-term borrowing costs for Indian lenders are expected to decrease next month due to the central bank’s liquidity infusion measures. These initiatives aim to lower rates for instruments like certificates of deposit (CD) and commercial paper (CP), potentially leading to reduced lending rates sooner than previously anticipated.
Religare to review staff misconduct at company, arms
Religare Enterprises (REL) has enlisted Trilegal and Grant Thornton Bharat LLP to review potential misconduct by current and former employees. The governance review aims to assess operational practices and recommend improvements. The board seeks immediate financial support from the Burman Group to address a cash flow gap.