CAPITAL CALL
Koo calls it a day; Paytm Bank, auditor lock horns
Once touted as India’s response to Twitter, it’s curtains for homegrown microblogging app Koo. Details on this and more in today’s ETtech Top 5.
Broking stocks fall up to 10% after SEBI calls for uniform charges
SEBI instructed MIIs to ensure uniform charges benefiting end clients, with changes effective from October 1, 2024. The circular aims to rectify incorrect disclosures, especially regarding charges collected from end clients by MIIs. MIIs are directed to redesign charge structures and communicate with SEBI for compliance.
F&O radar | Deploy Bull Call Spread in Tata Motors to benefit from potential up-move
Tata Motors stock shows strong bullish momentum supported by technical indicators, suggesting potential upside movements with a Bull Call Spread options strategy for traders anticipating a moderate rise in price.
After Jio, Airtel and Vi answer revenue call, dial up tariffs
While Airtel and Jio - which dominate the market - say they need to improve returns after paying high prices for 5G airwaves in 2022, Vi is looking to back up its recent ₹23,000 crore equity fundraising efforts as it strives to become more competitive, stem user losses and repair a stressed balance sheet to pay vendors and statutory dues. Analysts said the three telcos will see a 13-17% rise in ARPU with the main effect being felt in second and third quarters of this fiscal year.
F&O Radar| Deploy Bull Call Spread in TCS to capitalize potential up-move
The stock then took support around the level of 3,650, from where it resumed the journey upwards and following a brief consolidation of a few sessions, the stock showed strength as a strong bullish candle was formed on Thursday.
Emkay Investment Managers launches Emkay Capital Builder Fund AIF
The Emkay Capital Builder AIF is designed to generate long-term capital appreciation for investors through a carefully curated portfolio of equity and equity-related securities. The fund will maintain a multi-cap portfolio comprising approximately 20-25 stocks, ensuring a diversified and balanced investment strategy.
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From $25,000 to $2.5 million in one day. How a man earns 100 times his investment overnight? Insider trading or market sentiment?
Was there some foul play like insider trading involving Rivian’s stock or the sentiment was so high that it resulted in a mind-blowing gain? Know in detail.
Zap our human capital to shape
India needs to make sure that no one is left behind as it quickens its growth trajectory. Social and economic advancement will be essential for this. Every child in India has to have access to the education they need and be given the opportunity to pursue their dreams of becoming successful adults.
States seek infra, rural push in pre-budget meet with FM Sitharaman
States presented demands for higher special assistance, increased allocations for rural schemes, and support for housing programmes to Finance Minister Nirmala Sitharaman in the pre-budget meeting. Sitharaman highlighted the Centre's aid to states through timely tax devolution and release of GST compensation arrears. Andhra Pradesh requested central funds for various projects and initiatives, including the development of Amaravati as its capital.
YSRCP's central office in Tadepalli demolished; Jagan Mohan Reddy calls Naidu 'a dictator'
The YSR Congress Party's under-construction central office in Tadepalli, Guntur district, was demolished by municipal authorities on Saturday morning, despite a high court order to halt the activity. YSRCP President Y. S. Jagan Mohan Reddy condemned the demolition, attributing it to political vendetta by the TDP-led government. Officials claimed the construction was illegal, while Reddy vowed to fight against these actions and appealed to democratic forces to condemn the act.
Watch Video: UIC Muslim student calls America 'cancer' in viral video; Netizens say ‘leave and never come back’
Nusairat, currently studying for a Bachelor of Science in Data Science with a focus on Computer Science at UIC, voiced disappointment with the American government and democratic values, advocating for a different lifestyle. His remarks in the video sparked extensive criticism on social media, with many users condemning his views and recommending that he contemplate leaving the country.
Hyundai Motor gearing up to drive into Indian capital market
Hyundai has hired several investment banks to manage the IPO and is targeting a valuation of $22-28 billion. The IPO could lead to a rerating of the Indian automobile sector and benefit Hyundai's closest rival, Maruti Suzuki.
Suzlon shares dip 5% as independent director resigns
Shares of Suzlon Energy dropped by 5% during Monday's early session, hitting the day’s low of Rs 47. This decline followed the resignation of the company’s independent director, Marc Desaedeleer, from his directorship on June 8.
F&O Radar: Deploy Bull Call Spread in JSW Steel to capitalize on potential up-move
From April onwards, JSW Steel prices have consistently formed higher highs, indicating an upward trend. On the downside, the stock has found support around the 830 levels.
'Under Paris': Netflix film, compared to Steven Spielberg's 'Jaws', called 'semi-classic'. All you should know
Netflix has released ‘Under Paris’. Fans and critics like it alike and have termed it as the best shark movie ever made.
F&O stocks to buy today: Escorts, Biocon among top 7 trading ideas for 7 June 2024
“Options data suggests a broader trading range in between 22,200 to 23,500 zones while an immediate range between 22,500 to 23,100 levels,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.
How to build your career capital
Invest in yourself by developing skills, relationships and reputation to future-proof your income and ensure lifelong career growth.
Anxious about 4th June poll results? Hedge your fears & leverage your optimism, doing it is not rocket science
Till a few weeks back, expectation of the street was very clear that policy continuity post 4th June. But then there was a bout of selling from foreign portfolio investors (FPI) and a narrative got created that they are selling due to polls. First logical question to counter this narrative would be to ask a counter question. Do they have some kind of insider information, the answer is surely no. Probably, just a few weeks back, after remaining in the dumps for years, the Chinese market came back into limelight, because of better than expected GDP numbers. So, there was a bit of movement of money. So, there is narrative and there is counter narrative. So rather than getting into a debate, there is a way to take care of both. The only thing is, a decision has to be made either today or Monday. Given the fact that there is a high level of noise on the street, more than anything else it is time to manage the risk of emotional decision making.
Delhi fire department got over 200 calls on May 29, highest so far this year
Delhi Fire Services received over 200 calls, including 183 fire-related, the highest this year. DFS chief Atul Garg mentioned the increase in calls due to rising temperature near 50°C.
Stocks with tailwinds called advantage India: 5 largecap stocks from 3 different sectors with an upside potential of upto 36 %
In terms of valuations and sentiment we are not far from the place where we were in the last quarter of 2023 or early part of this year. When it was not possible to find stocks which can be called as “fairly valued” forget “undervalued”, and the sentiment was very bullish. The only difference between then and now is that we have election results which are coming up. Surely a confirmation on 4th June that continuity in the policy making is a big factor. But there is another thing which long term investors need to look at before investing. Whether the company or the sector has an advantage due to India as a country. A well known example, which has been present for decades is that of the IT industry. India as a country is a factory of software engineers, and that is our strength. So when investing for the long term, look at sectors where we have some strong tailwinds due to our human capital.
F&O Radar: Deploy Bull Call Spread to capitalise on potential upside in HDFC Bank
HDFC Bank's technical analysis suggests bullish momentum with higher lows and promising candle formations. Analysts anticipate a breakthrough above resistance at Rs 1525, targeting Rs 1560. Option strategies like Bull Call Spread are recommended for potential upside gains.
Delhi LG Saxena completes two years in office, calls his tenure "challenging"
Delhi LG VK Saxena reflects on his challenging two-year tenure, citing stalled progress in the national capital. Tensions with Aam Aadmi Party and allegations against CM Arvind Kejriwal mark his term.
F&O Radar: Use bull call spread to capitalize on potential upmove in TVS Motor
TVS Motors closed near resistance at Rs 2,191, poised for an upmove. Analyst Deven Mehata recommends a bull call spread strategy to capitalize on potential gains with a focus on highest put writing, ATM, and OTM option.
IPL 2024 playoffs: What are CSK and RCB's chances now after SRH enters top 4?
Sunrisers Hyderabad (SRH) secured an IPL play-off spot with 15 points after rain forced their match against Gujarat Titans to be called off. They joined Kolkata Knight Riders and Rajasthan Royals in the play-offs. SRH's final league game will be against Punjab Kings on May 19, while Gujarat Titans were eliminated from play-off contention.
'Tariff repair': Bharti Airtel may want to charge more from users to improve return ratios
During a conference call, Bharti Airtel emphasized the necessity for tariff adjustments to enhance return ratios like Return on Capital Employed (RoCE). With the highest average revenue per user (ARPU) increase in the industry at Rs 16 in FY24, Airtel reported an ARPU rise to Rs 209 in Q4, with a notable 8% hike.
Protesters throng streets of Georgia's capital after parliament passes so-called 'Russian law'
Georgia's parliament has approved a "foreign influence" bill, which critics argue is a Russian-style threat to free speech and the country's aspirations to join the European Union. The bill requires media and nongovernmental organizations to register as "pursuing the interests of a foreign power" if they receive more than 20% of their funding from abroad. The opposition has denounced the bill as "the Russian law" because Moscow uses similar legislation to crack down on independent news media, nonprofits, and activists critical of the Kremlin.
TCS CEO says AI could kill India's call centres soon. Is he right?
According to TCS CEO K Krithivasan, AI could result in “minimal” need for call centres in about a year. If Krithivasan’s prediction were to come true, it would mean a lot of change for a lot of people in very little time.
Congress to hold election town halls in Delhi, says interim chief Devender Yadav
Congress' interim Delhi chief, Devender Yadav, announced plans for five to seven town halls in the capital ahead of the Lok Sabha elections, with Congress leader Rahul Gandhi scheduled to participate in one. Additionally, the party has enlisted two call centers with about 140 employees to manage various tasks, including monitoring the impact of their campaigns.
Aurobindo Pharma Options Radar: Use Bull Call Spread to capture uptrend
Aurobindo Pharma's stock shows resistance at Rs 1177, with a promising technical outlook. Traders are advised to consider a Bull Call Spread strategy proposed by Mehta for potential upside movements.
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