In a first, India’s forex kitty swells above $700-billion mark
This rise in reserves comes on the back of foreign investment in local equities, along with inflows due to Indian government bonds being included in the JP Morgan Emerging Market Index. FPIs invested $11.1 billion in Indian stocks in September, NSDL data showed, whereas investment in government bonds through the fully accessible route increased by […]
NSE, former chief Vikram Limaye, others settled TAP system case with Sebi; pay Rs 643 cr
The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore.
Tech View: Nifty breaks below 50 DEMA, forms bear candle. How to trade on Monday
A bear candle appeared on both the daily and weekly charts, indicating a sharp reversal in Nifty’s near-term uptrend. Currently positioned near the support level around 25,000, there is potential for a minor upside bounce early in the week, likely presenting a sell-on-rise opportunity. A decisive break below the 25,000-24,950 range could lead to a […]
This big India bull predicts Nifty at 50,000 by next year-end, Sensex at 100,000
Mark Mobius, an investment expert, shares his strategy for investing in emerging markets like India, Taiwan, and China. He emphasizes the potential in sectors such as semiconductor production and mining. He forecasts significant growth for India’s Nifty and Sensex by next year. Mobius prefers equities with some allocation in gold and short-term fixed income.
4 metal stocks Dharmesh Shah is bullish on for near term
We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So, banking, metals, power space as a whole looks positive from the current levels.
Citi initiates ‘Buy’ rating on Varun Beverages, sees 36% upside
Citi has given Varun Beverages a ‘Buy’ rating with a target price of Rs 800, citing strong market position and growth prospects. Despite this, shares fell 3% to Rs 570. HSBC also rated it ‘Buy’ at Rs 780, highlighting potential for market share gains through innovative marketing.
Divyadhan Recycling Industries shares list at 31% premium on NSE SME
Divyadhan Recycling Industries shares debut on NSE SME at Rs 84, a 31.25% premium over the issue price of Rs 64. The IPO was subscribed 41 times, with high interest from non-institutional investors. The company plans to use Rs 17.03 crore for plant and machinery, with some funds set aside for general corporate purposes.
DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?
Shares of DMart fell by 5% to Rs 4,701.90 following a 14% growth in standalone revenues to Rs 14,050 crore for Q2 and the addition of 6 new stores. Brokerage firms have mixed views; Macquarie is optimistic, Goldman Sachs recommends selling, while Morgan Stanley remains positive.
Vedanta reports record quarterly, half-yearly aluminium production. Stock slips 2%
Vedanta achieved its highest-ever quarterly and half-yearly aluminium production at 1205 kt. Alumina production increased 21% YoY, and Zinc India’s refined metal production rose 5% YoY. The company also saw a 37% YoY growth in consolidated net profit for Q1 ending June 2024.
Indian economy in sweet spot for next 20 years but learn lessons from recent market crash: Anurag Singh
Indian economy is set for a positive trajectory over the next 20 years due to favorable demographics. However, investors should remain vigilant against overpricing and external financial influences, particularly from China and global liquidity flows. Learning from past complacency, strategic timing and careful investment will be crucial for sustained growth.