Breakout Stocks: How to trade Torrent Pharma, SBI Life and eClexr that hit fresh 52-week high?
Indian markets closed negatively for the second straight day, with the BSE Sensex dropping over 700 points and the Nifty50 falling below 24900. Healthcare saw buying interest, while oil & gas, power, utilities, and capital goods experienced selling pressure. Analysts suggest holding Torrent Pharma, considering buying SBI Life on dips, and avoiding eClerx due to […]
Umiya Mobile IPO: Check GMP, price band and other details
Umiya Mobile, a Rajkot-based electronics retailer, is launching its Rs 24.88 crore IPO on Monday, offering 37.7 lakh shares at Rs 66 each. The company intends to use the funds to reduce debt and for general corporate purposes. With significant revenue and profit growth in FY25, Umiya Mobile plans to list on the BSE SME […]
Castrol, HUL among 7 companies that paid more in dividends than their FY25 profits
ETIG analysis reveals seven BSE 500 companies paid more dividends than their FY25 profits. These firms include Castrol India, Page Industries and Tech Mahindra. Hindustan Zinc, Hindustan Unilever, Aster DM Healthcare and Godrej Consumer Products are also in the list. Aster DM declared a special dividend after its Gulf business separation.
Tata Trusts to discuss Tata Sons’ listing status and board changes amid RBI deadline
Tata Trusts is convening a strategic meeting to address Tata Sons’ listing status as the RBI deadline approaches, potentially considering board additions like Uday Kotak and Bahram Vakil. With Ralf Speth and Ajay Piramal nearing retirement, board-level changes are anticipated.
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures increased following a US-EU trade agreement, imposing 15% tariffs on most EU exports, which averted a potential trade war. S&P 500 contracts and European stocks rose, while the euro strengthened. Investors are anticipating a busy week with key data releases, including Federal Reserve and Bank of Japan meetings, and earnings reports from major […]
Return of meme stock mania has traders on alert for market froth
Meme stock enthusiasm has returned, creating uncertainty for professional investors. Stocks like Opendoor Technologies and Kohl’s experienced gains. The S&P 500 and Nasdaq 100 indices reached record highs. Investors are borrowing heavily to buy stocks. Some analysts suggest caution due to high valuations. Comparisons are being drawn to the GameStop and AMC surge of 2021.
Traders hedging stocks at record highs dabble in exotic options
With stocks near peaks and volatility low, investors are seeking sophisticated hedging strategies beyond standard put options. Lookback or re-settable puts, which adjust their strike price as the market rises, are gaining popularity due to their relatively low cost compared to vanilla puts.
Bank of Baroda, Canara Bank let go of ₹54,000 crore loans for margin safety
Bank of Baroda and Canara Bank reduced their corporate loan portfolios by ₹54,000 crore in the June quarter to protect net interest margins amidst repo rate cuts. Public sector undertakings sought further rate revisions, prompting the banks to prioritize profitability over retaining these loans.
Economists split on interest rate cuts as inflation hits six-year low
Economists are divided on whether the Reserve Bank of India (RBI) should cut interest rates in August. Some point to low inflation, while others advocate caution, citing uncertainty in trade policy and the need to assess future inflation trends. The RBI will consider GDP projections and retail inflation figures when the Monetary Policy Committee meets […]
Nifty resistance seen at around 25,500 levels: Analysts
The Nifty closed below 25,000, signaling potential short-term weakness, with support around 24,500 and resistance in the 25,200-25,500 range. Pharma stocks are expected to continue their upward trend, while the Nifty Defence index shows bearish signals. Investors might consider accumulating specific stocks like Capri Global Capital and NLC India.