Secure Your Books
Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., and Ambuja Cements Ltd. will be under the National Stock Exchange’s short-term additional surveillance starting Feb. 6. India’s largest bourse had on Feb. 2 announced the decision to move the stocks under additional surveillance or ASM. From Monday, the applicable margin on the three stocks … Read more
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“If it is too good to be true, it probably is not,” goes a popular saying people like to repeat in finance. Even if most people forget this, a clutch of retail investors who were missold exotic financial instruments by relationship managers at Yes Bank Ltd. will never do so. Over 1,300 individual investors, most … Read more
Adani Enterprises Ltd. has filed documents with the Securities and Exchange Board of India for its Rs 20,000 crore follow-on public offering. The open offer by the ports-to-green hydrogen conglomerate incubator will open on Jan. 27 and close on Jan. 31. The anchor investor bid date has been set for Jan. 25. Shares will be … Read more
A recovery in Reliance Industries Ltd.’s oil-to-chemicals segment, a strong uptick for upstream, and sustained growth across consumer-facing businesses will lead to Ebitda growth of 10% sequentially in the third quarter, Nomura said. The consolidated Ebitda, according to the brokerage, will rise 10% sequentially to Rs 34,200 crore, while the standalone Ebitda may gain 14% … Read more
Indian stocks are in for a busy week with economic data, ongoing quarterly earnings, and foreign fund trading activity deciding the direction for investors.The third quarter season has begun with big IT names, and this week market will react to the earnings of some major names, including HDFC Bank, IndusInd Bank, Asian Paints, JSW Steel, … Read more
U.S. stocks remained mostly flat as Fed Chair Jerome Powell refrained from divulging clues on the policy outlook. Both the S&P 500 as well as the Nasdaq 100 were little changed by mid-day in New York. Meanwhile, the yield on 10-year Treasuries advanced 10 basis points to 3.63%. Crude price rose 0.6%, while gold stayed … Read more
U.S. stocks were weighed down by strong labour market data, which is considered a precursor to further rate hikes by the Fed. The S&P 500 fell 1.2% by mid-day in New York, while the tech-heavy Nasdaq 100 was also down 1.2%. Meanwhile, yield on 10-year Treasuries advanced four basis points to 3.72%.Crude price was up … Read more
HDFC Life Insurance Co., SBI Life Insurance Co., Axis Bank Ltd., JSW Steel Ltd., TCS Ltd. were the top gainers among the NSE Nifty 50 constituents. Whereas, Hindalco Industries Ltd., Britannia Industries Ltd., JSW Steel Ltd., Mahindra and Mahindra Ltd. and Reliance Industries Ltd. were the top losers in the gauge.
U.S. stocks snapped their two-day decline after jobs data indicated a less likely scenario for growing inflationary pressures. The S&P 500 was up 1.9%, while the tech-heavy Nasdaq 100 increased 2.6%. The yield on 10-year Treasuries declined five basis points to 3.83%.Meanwhile, crude fell 1.5%, whereas gold futures rose 0.5%. Bitcoin increased 0.6% to trade … Read more