How to trade BSE, ICICI Bank and Hero MotoCorp
Indian market pared gains after hitting record high in intraday trade on Wednesday.The S&P BSE Sensex fell more than 100 points after hitting a high of 83,326 while Nifty50 was down by 41 points after scaling a record peak of 25,482.
These 5 FMCG stocks hit fresh 52-week highs and rallied up to 35% in a month
Reaching a 52-week high marks a stock’s strongest performance in a year, a crucial indicator for assessing investment potential.
NTPC Green Energy files draft papers for Rs 10,000 crore IPO
NTPC Green Energy has filed draft papers for a 100 billion rupees initial public offering, aiming to benefit from India’s renewables expansion and a strong equities market. The company will issue new shares, with no existing shareholders selling stakes. This move aligns with India’s goal to add 500 GW of clean energy by 2030.
Tech view: 25,500 crucial resistance for Nifty; decisive up move to take index higher. How to trade on Thursday
Nagaraj Shetti of HDFC Securities believes the short-term outlook for the Nifty is positive but with limited price movement. He suggests dips towards 25,200-25,100 could offer attractive buying opportunities. A decisive move above 25,500 might propel the Nifty toward higher targets.
Private credit deals to touch USD 10 bln in 2024: Report
Private credit deployments in India are expected to exceed USD 10 billion in 2024, according to a report by EY. The first half of 2023 saw over USD 6 billion in private credit transactions across sectors like real estate, infrastructure, and healthcare. Domestic funds are gaining market share, driven by local expertise and lower-cost domestic […]
As govt plans to buy soyabean at MSP, industry demands increase in import duties of cooking oils
The central government will procure soyabean at Minimum Support Price in Maharashtra, Karnataka, and Telangana to support farmers. Meanwhile, the edible oil industry is urging a 15% increase in import duties on cooking oils to counteract cheap imports and stabilize domestic prices.
Surplus liquidity shows govt’s foot on spending pedal
Government expenditure is rebounding, leading to surplus liquidity in the banking sector as the Centre injects cash into the system. The Reserve Bank of India’s tolerance of this surplus suggests a potential shift toward softer monetary policy. Analysts note that government spending has been steadily increasing over the past few months, supporting economic growth.
World braces for Fed easing amid 36-hour rate rollercoaster
A 36-hour financial rollercoaster will kick off with the Federal Reserve’s expected decision to cut interest rates on Wednesday, and culminate on Friday with the results of the Bank of Japan’s first meeting since it increased borrowing costs and contributed to a global selloff
Technical Breakout Stocks: Home First Finance, Muthoot Finance & Krishna Institute hit fresh record highs; time to buy?
Stocks that hit fresh record highs on Friday include Home First Finance, which rose by more than 6%, Muthoot Finance, which gained over 1%, and Krishna Institute of Medical Sciences, which closed with a 1% increase.
Axis Mutual Fund launches CRISIL-IBX AAA NBFC Index – June 2027 Fund
Axis Mutual Fund has introduced the Axis CRISIL-IBX AAA NBFC Index – June 2027 Fund, an open-ended Target Maturity Index Fund. This fund invests in the constituents of the CRISIL-IBX AAA NBFC Index – June 2027, offering moderate interest rate risk and relatively low credit risk. The fund is set to mature on June 30, […]