Kalpataru shares to list today; mild GMP hints at muted debut
Kalpataru, a Mumbai-based real estate developer, is launching on the Bombay Stock Exchange and National Stock Exchange. This follows its Initial Public Offering of Rs 1,590 crore. The IPO saw moderate subscription. Proceeds will be used to repay borrowings. Despite past financial losses, recent data hints at a turnaround. Analysts suggest cautious optimism for long-term […]
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 20,000 crore, 10 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 30, 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. […]
Tenneco Clean Air India files DRHP for Rs 3,000 cr IPO
Tenneco Clean Air India, a subsidiary of Tenneco Group, has filed for an IPO of Rs 3,000 crore, consisting entirely of an offer for sale by its promoter. The company, a major supplier of clean air systems to Indian commercial truck makers and off-highway vehicle OEMs, operates 12 manufacturing facilities and serves a wide range […]
Asian stocks post modest gains, dollar edges down
Asian markets showed caution due to worries about President Trump’s tariffs. Nikkei-225 in Japan experienced a dip. Trump threatened new tariffs on Japan, citing trade issues. The European Union is open to a tariff accord with exemptions. The US jobs report is expected soon. The Federal Reserve may consider rate cuts if the labor market […]
Only 28% of household loans for home purchase: RBI report
The latest Financial Stability Report reveals a mixed bag for Indian household debt, with consumption-driven loans outpacing asset-building loans. While most loans are held by prime borrowers, stress is building in the sub-prime category. Monetary easing is expected to alleviate debt servicing burdens, but the accumulation of debt among lower-rated borrowers warrants close monitoring to […]
Strong dollar demand by banks weakens rupee by 28 paise
The Indian rupee depreciated to 85.75 against the dollar on Monday, influenced by robust dollar demand from both foreign and domestic banks. Despite a weakening dollar index and gains in other Asian currencies, the rupee’s decline was tempered by likely RBI intervention through state-run banks. The rupee traded within a narrow band, impacted by oil […]
RBI’s financial stability report: NPAs a risk, but banks healthy enough
The Reserve Bank of India’s (RBI) stress test shows that banking asset quality could worsen to 5.6% in case a sharp slowdown in key global economies spills over through trade and financial channels. The tests show that the aggregate capital adequacy ratio of 46 major banks may dip to 14.2% in case of heightened geopolitical […]
July to bring positive returns for Nifty indices amid easing geopolitical tensions
Historically, July has been a positive month for Indian equities, with Nifty 50 and Nifty 500 gaining in nine of the last ten years. Analysts anticipate a similar trend this July, potentially driven by easing geopolitical tensions, a normal monsoon, and strong global seasonality. Positive factors like domestic institutional buying and better earnings expectations could […]
Investors seek safety in large-caps amid global uncertainty in H1 2025
Indian equity investors favored large-cap companies amidst market volatility in the first half of the year. Mid- and small-cap indices underperformed compared to the previous year. The Nifty Defence index rebounded due to rising Indo-Pak tensions, while the Nifty IT index was the top loser.
D-Street snaps 4-day rally on profit booking
Indian equity markets retreated from near record highs on Monday, ending a four-day winning streak. Profit-booking and sector-specific weakness overshadowed positive global cues and foreign fund inflows. The Sensex fell 0.54% and the Nifty 0.47%, although broader markets outperformed. Investors are now eyeing trade negotiations with the US for near-term direction.