Positive Breakout: These 3 stocks cross above their 200 DMAs
In the Nifty500 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 10, according to stockedge.com’s technical scan data.
Indobell Insulation shares to debut today. Here’s what GMP indicates
Indobell Insulation shares will debut on exchanges. The grey market premium suggests an 85% premium over the issue price. Indobell manufactures insulation products for various industries. It provides tailored solutions and export services. The company generates significant revenue from customized products and is exploring more clients for future growth opportunities.
Shares slip in Asia, dollar firm as inflation, earnings loom
The impact of the jobs report on U.S. rate cut prospects also raised the stakes for consumer price figures on Wednesday where any rise in the core greater than the forecast 0.2% would threaten to close the door on easing altogether.
Three companies line up $1-billion bond issues overseas
Tata Group’s non-banking arm Tata Capital ($300 million), Prem Watsa-backed IIFL Finance ($300 million) and Anil Agarwal’s Vedanta Resources ($500 million) are ready to hit the market, as they seek to stay away from the market in the initial weeks of the Trump presidency, these people said. The first issue is likely to happen as […]
Full Charge! Ather Energy sees $2.4 billion valuation for IPO
Ather IPO: The EV maker expects a spurt of 80% in value from previous funding. Zerodha cofounder Nikhil Kamath, an investor in the company, is set for 150% gains on his stake. Ather is expected to file its updated draft red herring prospectus (DRHP) later this month or the first week of February.
Shapoorji Pallonji ups fundraising target to $3.25 billion
According to term sheets circulated among potential investors, the fundraising, managed by Deutsche Bank, is structured as a five-year facility, comprising non-convertible debentures (NCDs) with an expected yield of about 18%.
RBI may limit interventions to keep rupee competitive
Traders say that currency hedging by exporters and importers signal further slide as positions have turned with importers rushing to cover their exposure, while exporters are letting their positions open to benefit from the slide.
Wall Street banks’ market-beating rally faces earnings test
The Federal Reserve’s recent reticence to keep up the pace of interest-rate cuts was backed by Friday’s strong labor report that sent the stock market tumbling and yields higher. That throws cold water on investor hopes for a repeat of last year’s stock performance, which saw bank leaders climb 33%, outperforming the broader S&P 500.
Business correspondents urge RBI to ease domestic transfer limits and rules
Business correspondents have requested the RBI to double the monthly transfer limit to ₹50,000 and reduce two-factor authentication to once a month. They have also flagged misuse of the system by some entities to bypass TDS and GST rules using the payment gateway’s API.
Weakness in Nifty could intensify: Technical Analysts
Traders need to follow strict risk management in fresh trades. Bank Nifty has underperformed the benchmark index and closed with a fresh breakdown on the weekly chart. It is likely to underperform Nifty in coming days.