Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty500 pack, nine stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on August 10, 2026, according to stockedge.com’s technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above […]
Nvidia partners with Wall Street giants to raise $500 billion for AI buildout
In an ambitious collaboration, Nvidia is joining forces with six prominent financial institutions to establish compute financing platforms with the goal of unlocking upwards of $500 billion in third-party investment for AI infrastructure.
Bhagwati Products may delay IPO by up to 3 quarters
Bhagwati Products may delay its initial public offering by several quarters. Volatility in memory chip prices hinders production forecasts for electronics manufacturers. The company awaits details of the government’s second production-linked incentive scheme. This delay impacts investment plans and capital requirements for the firm. Bhagwati Products is a joint venture between Micromax Informatics and China’s […]
Q1 Earnings Scorecard: Strong demand drives revenue, input costs hit profits
Sustained market demand led to impressive revenue growth in the automotive and consumer goods sectors. In contrast, while the banking sector showed better asset quality, profitability struggled due to margin challenges. Cement companies effectively preserved their margins through strategic cost management amidst rising operational costs. Overall, various sectors experienced notable revenue uplifts; however, they also […]
Global Market Today: Asian shares trade lower; oil holds gains
Oil prices managed to retain their gains as optimism regarding a deal in the Strait of Hormuz dissipated, sparking renewed fears of inflation. Treasury yields increased, and the yen weakened, undoing some of its recent recovery. Asian stocks and futures suffered slight declines, while Australian bonds dropped before an impending policy decision.
Delhi Airport plans Rs 3,500 cr bond sale for debt recast
Delhi International Airport (DIAL) is embarking on a financial strategy by issuing bonds worth ₹3,550 crore over a 15-year duration, with the primary goal of refinancing existing dollar debt. This initiative is designed to secure long-term funding in rupees while providing greater repayment flexibility. Anticipated to yield a coupon rate near 9.
IPO Rush: 34 companies race to launch issues worth Rs 45,000 crore by September 30
As September 30 approaches, thirty-four companies are hustling to roll out their initial public offerings to bypass further regulatory hurdles. The goal is to raise around ₹45,000 crore from these offerings. Bankers remain hopeful amidst the market’s unpredictable nature and tight timeframe. Additionally, numerous other companies are planning their entries into the public offering landscape […]
HDFC Bank cuts MCLR by 5 bps, Bank of Baroda raises 3-month rate by 10 bps
HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points. HDFC’s new rates became effective from August seventh for various tenors. Bank of Baroda’s revised rate will take effect from August twelfth. The banks are adjusting their marginal cost of […]
Brokerages raise SBI target price after Q1 earnings beat
State Bank of India shares faced a 2.2 percent decline on Monday, despite surpassing analysts’ expectations for their June-quarter earnings. Most brokerages expressed continued optimism for the lender, with several firms increasing their target prices while maintaining a positive outlook. The consensus 12-month target price indicates a considerable potential upside from Monday’s closing figures.
Indian equities could hit new highs next year: Aditya Birla MF
Aditya Birla Sun Life Mutual Fund is optimistic about Indian equities potentially hitting new peaks shortly. This positive outlook is bolstered by robust earnings growth and a stable rupee which are likely to propel market gains. Taking into account the current elevated valuations, a methodical approach to stock selection is vital.