Stocks in news: SpiceJet, Puravankara, ASK Automotive, Adani Green, Vedanta
Markets saw a volatile session on Wednesday but continued their upward trend. Key stocks in focus include SpiceJet, Puravankara, ASK Automotive, Adani Green, and Vedanta due to various developments. Notable actions include Societe Generale selling shares in SpiceJet and Puravankara acquiring land in Bengaluru.
Asian equities rally as soft Yen supports Japan: Markets wrap
Asian equities rose as a weaker yen and Beijing’s stimulus measures bolstered Japan and South Korea’s stock markets. Hong Kong futures also advanced, despite a dip in US-listed Chinese companies. The rally follows a week of gains, with investors eyeing further fiscal measures from China amid economic data releases across the region.
Top 7 hybrid mutual funds with over 20% gains in the last 3 years
ETMarket identified top seven hybrid mutual funds with over 20% gains in the last three years. Hybrid funds balance risk and reward by investing in both equity and debt. Equity-oriented hybrids have similar tax treatment to equity schemes, while debt-oriented hybrids are taxed like debt schemes.
NSE plans to triple colocation rack capacity to 4,000 at Mumbai HQ in 3 years
The National Stock Exchange (NSE) plans to expand its colocation data centre at its headquarter in Mumbai for trading members with an almost three-fold increase in number of racks to over 4,000 within the next three years, sources said on Wednesday.
Explainer: Here are key financial ratios to evaluate performance of banks
Banking and finance stocks have earned stellar returns over the past few years, thereby attracting retail investors. The sector index BSE Bankex has gained over three times since April 1, 2020, the year of pandemic, closely tracking similar gains in the benchmark Sensex.
Societe Generale sells shares worth Rs 47 crore in SpiceJet via block deals
Societe Generale sold 74.15 lakh shares in SpiceJet through block deals, netting Rs 47 crore. Vikasa India EIF I Fund also sold 1 crore shares.–
Sebi launches FPI outreach cell for seamless market access
Sebi has launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to enhance the experience of foreign investors in the Indian securities market. The cell will assist FPIs with documentation, compliance, and operational challenges, aiming to simplify the registration process and attract more foreign capital.
These 8 commodities stocks hit fresh 52-week highs; have rallied up to 30% in a month
Hitting a 52-week high signifies a stock’s peak performance over the past year, providing crucial information for those navigating the market.
Tech view: Nifty closes above 26k mark, near-term uptrend intact. How to trade tomorrow
Nifty’s minor positive candle with an upper shadow suggests a potential pause after its recent rally. The uptrend remains, but expect range-bound movement or a slight dip in the next couple of sessions. Key levels to watch are resistance at 26,250 and support at 25,800.
Expecting FDI to increase to USD 100 bn/annum in coming years: DPIIT Secy
New Delhi is receiving USD 70-80 billion in foreign direct investments annually and aims to reach USD 100 billion per year. The government is easing norms in sectors like defense, railways, insurance, and telecom to attract more investments. FDI inflows have significantly increased over the past decade.