Stocks in news: Tata Steel, Torrent Power, TVS Motor, JK Tyre, Firstsource
Stocks in news: Domestic markets closed slightly higher on Monday, continuing Friday’s recovery. Key stocks in focus include Tata Steel, Torrent Power, TVS Motor, JK Tyre, and Firstsource due to various developments. Notable highlights include Tata Steel’s expansion in Odisha and Torrent Power’s significant investment in renewable energy projects.
Asian stocks steady as markets await Fed decision: Markets wrap
Asian stocks were steady early Tuesday following a mixed session on Wall Street. Traders are betting on a half-point rate cut from the Federal Reserve this week. Markets in China and South Korea remain shut for public holidays. Investors are also watching the trading debut of Chinese appliance giant Midea Group Co. in Hong Kong.
Northern Arc Capital IPO subscribed 2.87 times on Day 1. Check GMP, other details
Northern Arc Capital’s IPO, which opened for subscription on Monday, saw strong demand, especially from retail investors. The IPO was subscribed 2.87 times on the first day. The company aims to raise up to Rs 777 crore through the issue, with a price band of Rs 249-263 per share.
Western Carriers IPO subscribed 4.82 times on Day 2. Check GMP, other details
Western Carriers IPO: The Western Carriers IPO includes a fresh equity issuance of Rs 400 crore and an offer for sale (OFS) of up to 54 lakh shares by promoter Rajendra Sethia. In the unlisted market, the company’s shares were trading at a grey market premium of Rs 55 per share, which represents a 32% […]
Sebi fast-tracks credit, trading of bonus shares to T+2 days
SEBI has reduced the time for crediting and trading bonus shares to two days from the record date. This change will be applicable to all bonus issues announced after October 1, 2024.
Tech view: Nifty may consolidate between 25,150-25,600 in near term. How to trade on Tuesday
Despite a small negative candle for the second consecutive session, analysts suggest this could signal a continuation of the uptrend. Open interest data also supports this view, with higher call OI at 25,400 and 25,500 strikes.
Still bullish on India; consumption remains cornerstone for India story: Jonathan Schiessl
I think broadly speaking, the market does offer a lot from a consumption perspective. So, multiple sectors and it is a very exciting space and has been for some time.
HDFC Bank announces board meeting on October 19 to announce Q2 results
HDFC Bank, India’s largest private lender, will announce its second-quarter results for the period ending September 2024 on October 19. The bank previously reported a 35% increase in standalone net profit for the quarter ending June 2024. Interest earned also saw a significant rise, while gross non-performing assets slightly increased.
Eid-e-Milad-un-Nabi a settlement holiday, but Zerodha allows trading, says Nithin Kamath
Indian stock markets are open today despite Eid-e-Milad-un-Nabi being a settlement holiday. While most brokers restrict selling stocks bought on Friday due to the holiday, Zerodha allows it. However, equity intraday profit credits and F&O credits are not available for withdrawal today.
Power transmission is an immediate mega-theme one can bet on: Ravi Dharamshi
Ravi Dharamshi, CIO of ValueQuest Investment Advisors, highlights the energy transition theme as a significant investment opportunity. He emphasizes the potential in solar energy and power transmission sectors. Despite the current popularity, Dharamshi believes these trends have long-term growth prospects and advises investors to diversify across multiple themes for balanced portfolios.