Sensex rises 400 points, Nifty nears 23,250 as investors await Fed meeting outcome. What to expect?
Sensex and Nifty rebounded around 0.5% on Wednesday after Tuesday’s selloff wiped out more than Rs 9 lakh crore from Dalal Street. Investors await the Federal Reserve’s policy decision, while elevated US bond yields and crude prices continue to weigh on sentiment. Analysts expect volatility and stock-specific opportunities amid the weak market.
Solar Industries shares plunge 17% in 2 days. Why Jefferies, Nuvama still see up to 46% upside
Solar Industries shares have plunged over 17% in two sessions following the Rs 12,951 crore acquisition of South Africa’s Omnia Holdings. Despite the sharp correction, Jefferies and Nuvama retain Buy ratings, citing the company’s earnings growth potential, strong cash flows and strategic benefits from the acquisition and global expansion.
Groww block deal alert: Shares fall nearly 3% after 10.07 crore shares change hands; Peak XV, Sequoia Capital likely sellers
Billionbrains Garages Ventures shares fell after a large block deal occurred. Peak XV Partners and Sequoia Capital were reportedly selling their stake. Jefferies maintains a Buy rating on the Groww parent company. The brokerage sees significant upside potential from the current stock price. Groww reported strong year-on-year profit growth in its recent quarterly results.
Yes Bank shares jump 4% as Citi, Morgan Stanley see lender as key beneficiary of new UPI charges. Earnings boost ahead?
Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on select UPI transactions above Rs 2,000. Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley sees a smaller profit benefit than estimated earlier.
Paytm shares jump 7% as Jefferies, other brokerages raise target prices and earnings estimates after new UPI charges
Paytm shares surged over 7% after brokerages raised target prices following the introduction of MDR on select UPI transactions above Rs 2,000. Jefferies, JM Financial and Emkay Global retained Buy ratings on the stock.
Paytm, MobiKwik, Pine Labs shares rally up to 6% after govt announces UPI fees above Rs 2,000. Why brokerages are bullish
Paytm, MobiKwik and Pine Labs are likely to remain in focus after the government announced MDR on select UPI transactions above Rs 2,000. From October 15, merchants will pay a 0.4% fee on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more.
Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDR
CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company a potential direct beneficiary. From October 15, merchants will pay 0.4% MDR on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more.
Oil Price Today (September 16): Crude oil hovers below $109 despite rising Saudi supply concerns. $120 soon?
Investors are now watching how long Saudi Arabia’s East-West pipeline will remain out of operation. Drone strikes forced the pipeline to shut last week, and Saudi Aramco has since delayed oil deliveries to some European buyers this month, according to a Bloomberg report.
Can Hero Motors IPO deliver long-term growth for high-risk investors?
Hero Motors plans a ₹1,000 crore IPO for expansion and debt repayment. The company’s promoter stake will decrease significantly after the initial public offering. Its revenue share from the EV segment is projected to grow substantially. Hero Motors supplies integrated powertrain solutions to global automotive manufacturers. Investors with a high-risk appetite may consider this upcoming […]
Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data shows
Overseas deposits from the Indian diaspora significantly boosted the country’s capital account surplus. This inflow helped offset the overall current account deficit recorded for July. Foreign direct investment and portfolio investment also contributed positively to capital flows. However, merchandise trade deficit remained a key factor in the current account’s negative balance.