News
Stock Radar: Indian Hotels rallies over 70% in 1 year to hit fresh record high; time to buy or book profits?
In a remarkable turnaround, the hotel stock surged from ₹380 on June 23, 2023, to ₹649 on June 26, 2024, a staggering 70% increase within a year. However, the rally lost some steam in the latter half, peaking at ₹602 in February 2024 before facing resistance. The stock subsequently consolidated within a range, finding support at ₹480-500 and facing resistance at ₹600-622.
Sebi streamlines process for public issue of debt securities
Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.
Market Trading Guide: Tata Motors, ABB among 5 stock recommendations for Friday
Benchmark Sensex breached the historic 79,000 mark while Nifty scaled the 24,000 peak for the first time on Thursday as buying in blue-chip stocks like Infosys, Reliance and TCS helped markets extend gains to the fourth straight day and close at lifetime high levels. "Technically, the index has achieved a short-term consolidation breakout target of 24,000 levels, and managed to close above it. If the index holds above 24,000 levels, then rally could extend towards 24,250-24,500 in the short term," said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates
Goldman Sachs buys 6.28 lakh shares of Archean Chemical worth Rs 41 crore via block deal
The stock has returned 21% over the last year, underperforming the Nifty's 28%. However, it's currently trading above both its 50-day and 200-day moving averages, suggesting positive momentum.
AU Small Finance Bank board okays plan to raise up to Rs 5000 crore via QIP, other modes
The borrowing can be done in one or more tranches, by issuing debt instruments such as bonds and non-convertible debentures, the bank said.
Promoters to sell a 2.04% stake in Polycab India on Friday
The promoters owned a 65.24% stake in the company as of March 31, 2024. Shares of Polycab have rallied 28% so far this year, compared to a 10% gain in the Sensex.
Ahead of Market: 10 things that will decide D-Street action on Friday
The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the near term.
BULL'S EYE
Know why this may be the right time to buy a house
SC says no to Ganesha in Idgah Maidan
Can rent agreements be made for more than 11 months?
Law on wages: 5 things that are set to change
SBI ups rates of repo rate linked home loans
SBI has increased its home loan external benchmark lending rate (EBLR) to 7.05 percent, while the
Taliban official: At least 100 dead, wounded in Afghan blast
Sustainability at Tokyo Olympic 2020
21 stocks sending out weak signals on MACD charts
Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints,
Dolly Khanna exits her long-term stock bet Nocil
Dolly Khanna was gradually trimming her stake in the company since holding 2.14 per cent stake in
Market Movers
Markets Videos
Sebi warns of rising risks from derivative trading frenzy
India's market regulator on Thursday warned of rising risks from a surge in derivative trading volumes, with small investors jumping in to trade risky options contracts.
JSW Infrastructure to acquire 70.4% stake in Navkar Corp for Rs 1,012 cr
JSW Infrastructure on Thursday said it will acquire 70.37 per cent shareholding in Navkar Corporation for around Rs 1,012 crore, paving the way for its foray into the logistics industry.
RBL Bank to raise Rs 65 billion via institutional placement of shares, debt issue
Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale.
Ujjivan SFB gearing up for universal banking play
The SFB entered new states in FY24, which is expected to support the loan book growth in the medium term. The analysts have trimmed the earnings expectations citing possibility of higher loan loss provisioning over the next two years.
Sebi revises eligibility criteria for entry, exit of stocks in derivatives market
The regulator has introduced a Product Success Framework for single stock futures and options, aiming to enhance liquidity and participation in the derivatives market while ensuring market development, regulation, and investor protection. The framework will come into effect six months after the circular's issuance.
US stocks edge up ahead of presidential debate, inflation data
The broad-based S&P 500 gained 0.2 percent to 5,488.04, while the tech-rich Nasdaq Composite Index advanced 0.3 percent to 17,863.99.
Infosys CEO Parekh settles insider trading charges
Salil Parekh, CEO of IT major Infosys, has settled a matter related to alleged insider trading violation by agreeing to pay Rs 25 lakh, said the Securities and Exchange Board of India (Sebi).
HCL Technologies to see block deal worth Rs 1,757 crore on Friday
HCL Technologies is likely to see a block deal worth Rs 1,757 crore (approximately $200 million) on Friday, according to a term sheet issued by Citigroup.
SEBI cracks down on finfluencers, streamlines voluntary delisting process
In a significant move, the regulator approved a fixed price process for voluntary delisting, offering companies an alternative to the existing reverse book-building mechanism. Sebi chief Madhabi Puri Buch emphasised that unregulated entities providing market-related advice are acting unlawfully. The regulator also introduced a new delisting framework for investment holding companies, with the fixed price set at a 15% premium over the floor price. Additionally, SEBI granted exemptions to certain UNI funds from the beneficial ownership rule.
