Nifty Financial Services, Auto index outlook: How to trade these indices on Tuesday, December 10, 2024? Here's your trading guide
Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance have hit an all-time low in trades on Friday.
In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.
In nine trading days since August 29, the market price of Paytm has rallied 28% after Paytm Payment Services received FDI approval. It will also resubmit its payment aggregator licence application.
Some FPIs have sought legal avenue to avoid complying with rules requiring disclosure of ultimate beneficial ownership (BO) to the markets regulator Sebi as the deadline expires on Monday. Two Mauritius-based foreign portfolio investors -- LTS Investment Fund and Lotus Global Investment -- have reportedly approached the Securities Appellate Tribunal (SAT) to seek urgent relief from adhering to Sebi's new norms for foreign investors. These two FPIs were named in the January 2023 report on Adani Group by the US-based short-seller Hindenburg Research. They have asked SAT to direct Securities and Exchange Board of India (Sebi) to give more time to meet these rules. Sebi set a deadline of September 9 for non-compliant FPIs that fail to provide detailed ownership disclosures to sell off their excess holdings and correct their violations. On Friday, there were rumours that some overseas funds were rushing to sell their holdings ahead of Monday's deadline. "Even though Sebi's deadline fo
On August 5, FPIs sold shares worth Rs 10,073 crore, marking their third-largest single-day outflow, which led to a 3 per cent drop in benchmark indices
The RBI, on Friday, proposed to set a floor for banks' loan exposure for project finance for consortium lending and mandated 5 per cent standard asset in the construction phase
FMCG sells short on hope; auto stocks rev up for profit pullback
Amber Enterprises, specialising in ACs and components, expects earnings to grow over 36 per cent CAGR from FY24-30 due to the PLI scheme
RBI Governor Shaktikanta Das said that it was premature to talk about rate cuts until there's evidence inflation will be kept firmly around the target level
The selling comes on the back of third quarter (3QFY24) earnings missed by HDFC Bank, Bajaj Finance, and Axis Bank. FPIs also pulled out over Rs 2,000 crore amid earnings miss by Hindustan Unilever
Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline
HDFC Bank, which rose 1.03 per cent, contributed the most to Sensex gains, followed by Bajaj Finance, 4.4 per cent, and Infosys, which rose 1.5 per cent
Nifty PSU Bank index has encountered notable resistance around the 5800 levels. The recommended trading strategy thus involves selling on rallies with a prudent stop-loss, says Ravi Nathani
Chokkalingam said buying in healthcare and consumer services is a hedging strategy by FPIs ahead of the state election results
According to Ravi Nathani, an independent technical analyst, the 'buy the dips' strategy seems particularly relevant in the current market conditions.
The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .
With banking stocks leading the gains, the Bank Nifty hit a new high of 44,375 points, a gain of 357 points or 0.8 per cent
Capital markets regulator Securities and Exchange Board of India plans to ease a rule that will make fund managers breathe a little easier
SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.