Nifty slips below 25,000, Bank Nifty faces key support at 55,000; Tata Motors, MCX in focus
Indian equity market is seeing caution as Nifty has slipped below 25,000. Market participants are watching support levels. Nifty may head towards 24,800. Bank Nifty is hovering around 55,000. Tata Motors is under selling pressure. MCX is showing strength. Market watchers advise monitoring key levels for further downside pressure. A long-short approach is suggested for […]
SBI Card likely to benefit from festival season and GST cuts: Amnish Aggarwal
Indian markets are currently experiencing significant activity across various sectors. Pharma companies like Glenmark, Dr Reddy’s, and Lupin are making advancements. Credit card spending is expected to rise, potentially benefiting SBI Card. Several companies, including Birla and Raymond, are venturing into real estate. However, real estate demand is currently subdued, and oversupply in MMR might […]
SBI could receive $466 million in passive inflows if FII limit is raised
State Bank of India could attract up to $466 million in passive inflows if the foreign investment limit for public-sector banks is raised from 20% to 26%, Nuvama Institutional Equities said. The move would allow higher MSCI index weightings. The government is reportedly considering the change as part of reforms to boost capital while retaining […]
Ashish Kacholia-backed smallcap stock soars 17% as board to mull bonus issue, stock split on Sept 27. Do you own?
Fineotex Chemical shares surged 16.6% after the company announced a board meeting on September 27 to consider dividend declaration, stock split, and bonus shares. The agenda also includes raising authorised capital. Investor focus sharpened as ace investor Ashish Kacholia holds a 2.74% stake, amplifying market interest in corporate developments.
Ganesh Infraworld plans Rs 200–250 crore share sale
Ganesh Infraworld, an EPC firm based in Kolkata, intends to raise funds. The company plans to secure Rs 200-250 crore through a qualified institutional placement soon. Ganesh Infraworld got listed on NSE SME Emerge platform last year. Since its debut, the company’s stock has increased significantly. However, the company’s shares experienced a slight dip recently.
Adani Power shares bounce back, rise 6% after 2-day selloff. What triggered the surge?
Adani Power shares rose sharply on Thursday after a two-day, 21% decline triggered by profit booking post-stock split and rally. Investor sentiment improved following Sebi’s regulatory clearance, a shareholder letter from Gautam Adani, and strong group financials, highlighting robust growth and key operational milestones.
Sebi hasn’t started consultation process to remove weekly expiry, says Nithin Kamath
Sebi has intensified scrutiny of the options market following surveys highlighting significant retail losses. The regulator floated the idea of extending derivative contract tenures last month and recently introduced measures such as delta-based open interest calculation. These changes could impact major market participants, potentially moderating trading volumes and reducing volatility, while Kamath acknowledged possible restrictions […]
Dixon Technologies shares rise as UBS upgrades it to buy rating, sees 27% upside
Dixon Technologies shares: UBS upgraded the stock to a ‘Buy’ with a ₹23,000 target, implying ~27% upside. UBS highlighted Dixon’s expansion into non-semiconductor smartphone components, expecting EBITDA margins to rise 110 bps by FY28, outperforming consensus estimates.
Citi re-initiates coverage on SBI with ‘buy’ rating, sets Rs 1,050 target price
Citi has re-initiated coverage on State Bank of India (SBI) with a ‘Buy’ rating and a target price of Rs 1,050, citing strong credit growth, improved returns, and operational efficiencies. The brokerage expects FY26–FY27 loan growth of 13–14%, NIMs of 2.8–2.9%, and ROE of 14–15%. Risks include asset slippages, lower NIMs, and higher credit costs.
Gold prices take a breather, but hold firm above Rs 1.12 lakh/10 gms. Time to book gains or ride the trend?
Gold futures eased 0.14% to ₹1,12,400/10g on MCX Thursday after a strong rally, while silver gained 0.26% to ₹1,34,355/kg. Globally, gold held steady ahead of U.S. economic data, supported by a weaker dollar.