Stocks To Watch- TVS Motors, Wipro, Torrent Power, Crompton Greaves, Jupiter Wagons, RVNL, Wockhardt, Suzlon
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 128.50 points or 0.59% at 22,053 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended up by 21.65 points or 0.10% to settle at 21,839.10, while the BSE gained 89.64 points or 0.12% to 72,101.69.
“Lifted by favourable global sentiment and solid direct tax collection, Indian markets rebounded, closing with modest gains. Robust FII & DII inflows sustained the market. As per latest market consensus, the odds of rate cut in June have reduced,” said Vinod Nair, Head of Research, Geojit Financial Services.
Stocks To Watch: Maruti Suzuki India, GMR Airports Infra, Brightcom Group, Hindustan Zinc, Adani Enterprises, Kolte-Patil Developers Stocks To Watch…
FPIs take out Rs 24,700 cr from equities on rising US bond yields
Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US.
On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed.
According to the data, Foreign Portfolio Investors (FPIs) made a net investment of Rs 24,734 crore in Indian equities this month (till January 25).
Provident Fund: With Rs 25,000 monthly salary, how long will it take to reach Rs 1 crore corpus under EPF? FPIs pull out Rs 21,200 crore so far in August after mega buying in July Foreign investors pull out over Rs 13,400 crore from Indian equities in first week of August KFC-operator Devyani International posts Q1 profit rise of 156% YoY, says on track to meet 2000 store target in FY25
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Infosys settles insider trading charges with Sebi; pay Rs 25 lakh
Technology giant Infosys’ CEO Salil Parekh has settled with the Securities and Exchange Board of India (Sebi) a matter related to an alleged insider trading violation by paying Rs 25 lakh.The case pertains to a partnership announcement between Infosys and US-based global asset manager Vanguard in 2020, wherein Infosys would provide a cloud-based record-keeping platform to Vanguard.
According to Sebi regulations, the partnership between the two companies should have been treated as unpublished price-sensitive information (UPSI). However, Infosys failed to do so.Parekh, who was the CEO and MD of Infosys at the time of the announcement of the partnership, was responsible for putting in place “adequate and effective systems of internal controls to ensure compliance with the regulations to prevent insider trading”, as per Sebi’s regulations.
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Such major …
Stock Market Highlight- Markets end higher! Nifty above 24,300, Sensex up almost 900 points led by Adani Ports and Power Grid
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a higher note on August 07. The BSE Sensex rose 896 points or 1.14% to finish the day’s trading at 79,489. The NSE Nifty 50 closed 323 points or 1.35% higher at 24,315.25. The Bank Nifty closed the day 0.95% or 473 points higher at 50,221.25. Similarly, the Nifty Midcap 100 closed 1,416 points or 2.55% higher at 56,931.40.
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Share Market Highlight: Oil & Gas was highest among sectoral index
Why Tesla launching Cybertruck could send auto component makers like Sundram Fasteners, Suprajit Engineering, Sona BLW Precision, Varroc in top gear-
Tesla’s niche electric pickup truck has been launched globally and is expected to be available 2025 onwards. While the US and Canada command 54% share of the global pickup truck market and initial reports indicate this new offering garnering close to 7% share in the first year, how does it impact the Indian automotive market?
Well, this launch by Elon Musk-promoted company could actually prove beneficial for the Indian auto component market too. According to Commerce and Industry Minister Piyush Goyal, Tesla was looking to source components worth around $1.9 billion from India. This is almost double of what Tesla sourced the previous fiscal, FY23. The recent upward movement in three specific counters indicate Varroc Engineering, (up 21.56% in last one month) Sandhar Technologies (up 30.69% in last one month) and Sona BLW Precision Forgings (up 1.30% in last one month)
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Stocks To Watch- Adani Enterprises, Dr Reddy’s Lab, Mphasis, KEC International, Railtel
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 76.50 points or 0.33% at 23,253.50 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 ended up by 468.75 or 2.05% to settle at 23,290.15 while the BSE Sensex jumped 1618.85 points or 2.16% to 76,693.36.
“The anticipation of stability within the coalition government at the center, coupled with the RBI’s upward revision of its growth forecast for FY25 to 7.2%, fuelled a broad-based rally in the domestic market,” said Vinod Nair, Head of Research, Geojit Financial Services.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LN…
Vibhor Steel Tubes IPO gets subscribed over 8 times within first few hours of day 1; Here’s all you need to know
Vibhor Steel Tubes opened its IPO subscription for retail investors on February 13 and got over 29 million shares bid within two hours of opening the issue. This is over eight times the offered shares. The company has set the price band at Rs 141 – 151 to raise Rs 72.17 crore. The bidding will close on February 15.
The minimum lot size for a retail investor is 99 shares summing to Rs 14,949 at the upper band of the IPO. The shares of the company will be listed on both the bourses, NSE and BSE.
The company has raised Rs 21.52 crore from the anchor investors by offering 1.4 million shares out of 4.7 million shares.
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Three new IPOs hit the market today; Cello World opens with GMP up 18%
Cello World IPO: Cello World IPO opened for public subscription today and will close on Wednesday, November 1, 2023. The bidding for anchor investors concluded on Friday, wherein the company collected Rs 567 crore. The price band for its public issue at Rs 617-648 per equity share of face value Rs 5 each. Ahead of the public issue, Cello World shares’ grey market premium (GMP) rose 18.52%, over the upper end of the share price on offer.
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The IPO comprises a fresh issue of 29,320,987 equity shares aggregating up to Rs 1,900 crore and an Offer-For-Sale (OFS) with promoters offloading 29,320,987 shares aggregating up to Rs 1,900 crore. For potential investors, the bidding starts at a minimum of 23 equity shares, with subsequent bids in multiples of 23 equity shares. The shares are likely to get credited on Wednesday, November 8, 2023, and listed on …