Big movers on D-Street: What should investors do with Trent, Sobha and SpiceJet?
Sensex and Nifty recovered after a six-day slump with major gains in Trent, Sobha, and SpiceJet. Trent’s stock shows potential for further upside, Sobha is seen as a good long-term buy, while SpiceJet is recommended to be avoided due to low trading volumes.
FTSE Russell includes India in EM bond index; traders see flows worth around $4 billion
Government bond yields may fall by up to 5 basis points in the early hours of trade on Wednesday as the prospect of sustained overseas flows is likely to boost market sentiment. However, an hour into trade, bond traders will take fresh cues from the Reserve Bank of India’s policy statement which is scheduled at […]
Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut
The U.S. dollar remained stable, easing pressure on the yen and other major currencies, as investors considered the Fed’s interest rate path. The New Zealand dollar dropped after the RBNZ cut rates by 50 basis points. Upcoming U.S. inflation data will be crucial for the dollar’s trajectory.
Asian stocks advance after tech lifts Wall Street
Shares in Australia and Japan rose as did Hong Kong equity futures following sharp declines on Tuesday. US equity futures dropped after the S&P 500 rose 1% and the tech-heavy Nasdaq 100 advanced 1.6% Tuesday. Chipmakers were among the market leaders with Nvidia Corp. extending a five-day rally to 14%.
Sebi calls for stricter review of AIF investors
At present, AIFs have been designated as qualified institutional buyers(QIB) and can avail certain benefits under Sebi rules. On Tuesday, Sebi said AIFs should not facilitate investors who are ineligible for QIB status on their own from availing the benefits.
Parliamentary Finance Panel calls Sebi, other regulators
This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by around two-dozen MPs and chaired by BJP MP Bhartruhari Mahtab. Former FM and senior Congress leader P Chidambaram is a part of the 31-member panel.
At Rs 27,800 crore, Hyundai Motor makes India’s largest IPO even bigger
This will be India’s largest public issue, surpassing the previous record set by the ₹21,008-crore public issue of the state-owned Life Insurance Corporation of India in May 2022.
D-Street ends 6-Day losing streak as China stocks retreat from highs
Elsewhere in Asia, China advanced 4.6%, while Hong Kong, considered a proxy for China in the past week because of the holiday in mainland markets, plunged 9.4%, the biggest single-day fall since 2008. South Korea declined 0.6% and Taiwan dropped 0.4%.
No big bang for festival season from Nifty50 companies, Sept quarter to be muted
Revenue is expected to grow by 5.6%, the lowest in nine quarters under observation. Net profit may grow by 11% helped by select companies in the banking, finance, pharmaceuticals and telecom sectors.
Nifty’s over 4% falls in a week mostly recovered within 3 months: Study
Mid-cap and small-cap stocks also fell in such periods, tracking the benchmark indices. In the subsequent three months, the mid-cap index rose seven times and fell thrice, while the small-cap index gained six times and declined four times.