16 C 
GIFT IFSC may become hub for private credit funds
The private credit opportunity is large and GIFT City is the ideal place for aggregating international capital, which is why more funds are setting up in the region, says Kotak Alternate Asset Managers MD Srini Sriniwasan
As MTNL turns NPA for several banks, govt asks lenders to hold off on insolvency
The government is devising a restructuring plan as MTNL reported a consolidated net loss of 890 crore in Q2FY25, prompting concerns about its financial future and lenders' strategies.
Ahead of Market: 10 things that will decide D-Street action on Monday
The Nifty continues to hold above the breakout from an inverse head-and-shoulders pattern, signaling strength in the market, said Rupak De, Senior Technical Analyst at LKP Securities. In this scenario, a buy-on-dips strategy appears to be a wise approach, particularly with the possibility of a short-term move toward 25,500, De added.
Winter wear sales pick up after warm November slows start
Unpredictable weather patterns continue to pose challenges for inventory management, as retailers now face shorter but more intense winter seasons.
Market Trading Guide: IRFC, REC among 8 stock recommendations for Monday
IRFC has broken out from a symmetrical triangle pattern, indicating that buyers have overpowered the sellers.
How to use the price-to-sales ratio to evaluate stock valuations
Low P/S Ratio may indicate that the company is undervalued or has low growth potential
Planning investments in sovereign gold bonds? Here are opportunities for investors
Sovereign Gold Bonds (SGBs) are digital gold investments issued by the Reserve Bank of India on behalf of the Government of India. Denominated in multiples of 1 gram, these bonds have an 8-year tenure with exit options in the 5th, 6th, and 7th years. The minimum investment is 1 gram, and the maximum limit is 4 kg for individuals and HUFs, and 20 kg for trusts.
Natural gas prices hovering near 1-year high as peak winter season approaches
Natural gas prices surged over 25% in November, driven by forecasts of colder weather and increased heating demand in key markets, including Asia and Europe. The rally is attributed to active restocking of declining inventories amid peak heating seasons. Expectations of lower-than-average temperatures in major natural gas markets like China, Japan, and Europe could further increase heating demand and boost prices.
Nifty PSU Bank index may rally 5-6% in near term: Anand James
Among the various measures SEBI has introduced recently, only the one concerning weekly options has been implemented so far. Notably, after a sell on rallies approach for most of November, the December series has shifted to a uy on dips strategy, fueling more risk-on trades as the series progressed. This partly explains the sharp movements seen on expiry day, said James
Market focus shifts to macroeconomic indicators and FII inflows as key triggers remain absent
According to the analysts, the investors and traders will also be watchful of the trend of Foreign Institutional Investor (FII) inflows, following their recent buying spree
Damodaran pointed out that sectors like FMCG and PSUs remain consistent dividend payers, with IT companies such as Infosys and TCS now leading in payouts. However, many middle-aged firms attempting diversification struggle to provide consistent returns.
Vishal Mega Mart's IPO, valued at Rs 8,000 crore, is set to be one of the largest of the year, following major offerings from Hyundai Motor India, Swiggy, and NTPC Green Energy. Market analysts report a current GMP of Rs 19, suggesting a 24% premium over the issue price.
Shares worth $867 million to hit markets as lock-in expires for Swiggy, Bajaj Housing, and 8 others
Shareholder lock-ins worth $867 million in 10 companies will be lifted between December 9 and 13, according to a report by IIFL Alternate Research.
723 BSE smallcap stocks end positive in the week gone by; Lincoln Pharma, HEG shine
Lincoln Pharmaceuticals shares gained 46% week-on-week, making it the top gainer in the BSE Smallcap index. It ended at Rs 919.90 on Friday
How can tenants of NRIs apply for TDS reduction?
Tax must be deducted at the rate of 30% (plus applicable surcharge and cess) on the rent payable to an NRI landlord.
3 mutual fund NFOs will open for subscription this week
Three mutual fund NFOs will open for subscription this week as mutual fund houses launch new funds to complete their offerings.
Six most-valued companies add Rs 2.03 lakh crore in combined valuation, TCS HDFC Bank top gainers
Last week, the BSE benchmark jumped 1,906.33 points, or 2.38 percent, and the NSE Nifty climbed 546.7 points, or 2.26 percent.The upmove came even as the Reserve Bank of India (RBI) kept key interest rate unchanged due to high inflation.
Invest in Ambani, Adani stocks with Aditya Birla SL Conglomerate Fund NFO. 10 things to know
The New Fund Offer (NFO) of the scheme is open for subscription and will close on December 19.
FPIs return to Indian equities with 24,454 crore inflow in December first week
September had marked a nine-month high for FPI inflows, with a net investment of 57,724 crore, highlighting the volatility in foreign investment trends
How gains through margin trading facility transactions are taxed in India
The nature of tax treatment depends on the type of income generated through margin trading facility transactions.
Sai Life Sciences IPO opens this week. GMP, price band, key dates among 10 things to know
Sai Life Sciences' IPO, aiming to raise up to Rs 3,042 crore, includes a fresh equity issue of up to Rs 950 crore and an Offer for Sale of 3.81 crore shares. The price band is set at Rs 522-549 per share, with a minimum bid of 27 shares. The current GMP is Rs 22, signaling a 4.01% premium.
Gurgaons DLF Camellias sets record with 190 crore penthouse sale
A penthouse in Gurgaons DLF Camellias sold for 190 crore, setting a record for high-rise condominiums in Delhi NCR and India. The 16,290-square-foot property was purchased by Info-x Software Tech, marking a significant surge in the luxury real estate market in the region.
Vishal Mega Mart, Sai Life Sciences, Mobikwik: A flurry of IPOs hit the market next week
Next week, 9 IPOs are slated to open, including heavyweights like Vishal Mega Mart and Mobikwik, alongside emerging players from the SME sector.
Vishal Mega Mart, One Mobikwik IPOs, & FII action among 8 factors that will steer D-St this week
This week, investors can expect significant action in the primary markets, with high-profile IPOs such as Vishal Mega Mart, One Mobikwik, and others opening for subscription. Additionally, listings from Nisus Finance, Property Share REIT, and Emerald Tyre Manufacturers are expected. The SME segment will also see six new issues, including Dhanlaxmi Corp and Jungle Camps, among others.
India's foreign exchange reserves rise again after multi-week slump
The reserves had been falling ever since it touched all-time high of $704.89 billion in September. In the week that ended November 29, the foreign exchange kitty rose $1.510 billion to $658.091 billion
Technical Call: HDFC Bank - BUY
HDFC Bank share price up to 2,400
In a detailed rebuttal on X, Goyal explained, We offset more than 100% of the carbon our delivery fleet generates. We have been doing this for the last few years, while taking the required steps to reach our promise of Net Zero by 2030.
What you should know about commodity derivatives
A lowdown on commodity F&O market, how it differs from equity derivatives, products available and the rules of the commodity derivatives game
F&O Strategy: Kalyan Jewellers: Bull call spread
Initiate by selling 740-strike call and simultaneously buying 730-strike call
F&O Tracker: Bulls triumph over bears
The index futures gets past critical resistance level, sending out positive signal
Movers & Shakers: Stocks that will see action this week
Here is what the charts say about the shares of Cochin Shipyard, Hindustan Aeronautics and Power Finance Corporation
Currency Outlook: Dollar to remain subdued
A near-term rise in the euro and fall in the Treasury yields can weigh on the greenback
We zoom in on the prospects of Sasken Technologies, as also the prospects of three other stocks RBL Bank, K&R Rail Engineering and Mazagon Dock Shipbuilders
Ajay Bagga explains how FII inflows and economic recovery could fuel market growth
The CRR reduction is very welcome as it injects immediate liquidity into the system over the next 25 days. This will help keep interest rates low, which is beneficial as we head into the busy season for credit markets. It's good that liquidity will be available. Additionally, banks that previously earned zero percent on CRR can now buy government bonds or lend this money out, improving their NIMs.
Niftys bounce back and sectoral opportunities: Rajesh Palviyas expert insights
We have witnessed a significant recovery in Nifty midcap, smallcap, and even largecap stocks that had seen significant corrections. Most sectors have recovered from their recent lows, so we believe the upward trajectory could extend. A positional target for Nifty is 25,000 to 25,200.
Dalal Street Week Ahead: Profit taking time? Nifty faces key hurdle after 3-week rally
The markets have paused at a critical point. The Nifty has closed above the 50-DMA, currently at 24,548, and is just below the 100-DMA at 24,707. This level also aligns with the 20-week MA at 24,720 on the weekly chart. Therefore, unless the Nifty closes significantly above 24,720, the 24,700-24,750 range should be considered an immediate key resistance for the markets on a closing basis.
The IPO of Vishal Mega Mart, a prominent supermarket chain in India, will open for subscription on December 11 and close on December 13. The company has set a price band of Rs 74-78 per share for its Rs 8,000 crore IPO. At this size, Vishal Mega Mart's IPO will rank among the largest of the year, following Hyundai Motors India's Rs 27,000 crore issue, Swiggy's Rs 11,000 crore-plus offering, and NTPC Green Energy's Rs 10,000 crore issuance.
The offer includes a fresh issue of Rs 1,475 crore, along with an offer for sale (OFS) of Rs 2,750 crore. The company submitted its draft papers on August 27, 2024, and received an observation letter from the Securities and Exchange Board of India (Sebi) on November 28.
Explained: Bitcoin rises to $100K, what are the causes for this surge?
Motilal Oswal Mutual Fund discontinue SIPs and SIP Top-Ups in two international funds
As of October 30, 2024 (the latest available data), the Motilal Oswal S&P 500 Index Fund had an AUM of Rs 3,532 crore, while the Motilal Oswal Nasdaq 100 Fund of Fund had an AUM of Rs 5,469 crore.
On the weekly expiry day, Nifty exhibited extreme volatility, trading within a 562-point range, marking the widest daily range in the last eight sessions. The index saw a sharp 244-point fall in the first half, finding support near the 100-day EMA and subsequently staging an impressive 565-point rally.
Nifty and Bank Nifty Prediction for the week 09 Dec24 to 13 Dec24 by BL GURU
IPO boom: India Inc taps 1.33 lakh crore in record fundraising
Despite fluctuations in the secondary market, ten companies are planning to raise 20,000 crore through IPOs in December
SBI and HUDCO among 5 PSU stocks Quant Small Cap Fund bought in November
In November, the smallcap fund boosted its holdings in 11 stocks, including Aditya Birla Fashion and Retail, Afcons Infrastructure, Aster DM Healthcare, BASF India, Bayer CropScience, Gujarat State Fertilizers & Chemicals, Jio Financial Services, Minda Corporation, RBL Bank, Reliance Industries, and Sequent Scientific
FIIs' November surprise: A tale of two halves in Indian stocks
In the first half of the month, FIIs were net sellers, offloading Indian stocks worth Rs 22,420 crore across various sectors. However, the trend reversed in the second half, with FIIs becoming net buyers, investing Rs 809 crore primarily into key sectors like financial services, IT, FMCG, real estate, and capital goods.
Pharma stocks: A strategic choice in todays volatile market
With the exception of the last two months, the Nifty Pharma index has shown a consistent uptrend over the past 18 months. It has recently surpassed its 100-day moving average, indicating a solid base for continued momentum. In addition, several factors are currently favoring the pharma sector.
These equity mutual funds offer negative returns in 2024
Five equity mutual funds have posted negative returns in 2024, with the largest losses occurring in the international category.
In a regular SIP, investors contribute a fixed amount at regular intervals, such as monthly or quarterly, regardless of market conditions. When starting a regular SIP, investors must choose the contribution amount, tenure, and investment frequency. Once set, the contribution amount cannot be changed during the investment tenure.
Here's how banks plan to tackle digital financial frauds, protect customers' money
This decision emerged during a high-level meeting led by the DFS Secretary, attended by representatives from the Reserve Bank of India (RBI), public sector, private, and payment banks
More than 5 companies will have their shares trade ex-dividend, with actions such as dividend payouts, bonus issues and stock splits scheduled for the next five days.
Nifty can rally up to 25,500, buy-on-dips may work: Rupak De
The rationalization measures are designed to curb excessive speculation and improve market stability, though expiry-day trading will inherently remain volatile. While these adjustments may help reduce extreme fluctuations, challenges like sharp intraday swings and sudden reversals are likely to persist due to the high trading volume and market participants adjusting their positions. Experienced traders may adapt with more refined strategies, but expiry days will likely continue to be a high-risk endeavor for others.
Gold may trade weak next week on strong US jobs data, healthy risk appetite
US employers added 227K jobs, surpassing the forecast of 220K, with October data revised upwards to 36K from 12K, bringing the two-month net revision to +56K. Average hourly earnings increased by 0.4% month-on-month and 4.2% year-on-year, exceeding the respective forecasts of 0.3% and 3.9%.
Nomura's India Portfolio: RIL among 10 stocks to watch
The portfolio, centered on sectors like banks, infrastructure, IT, and defensive industries such as pharma and telecom, includes major stocks like Reliance Industries, ICICI Bank, and Hindustan Unilever.
Sandip draws strategic lessons from cricket and classic films like Its a Wonderful Life and Guide, emphasizing introspection, adaptability, and work-life balance. He also stresses the importance of a supportive workplace culture that prioritizes employee well-being and recreation, offering a fresh outlook on succeeding in retail broking.
Gold edges higher after US jobs report supports rate cut bets
Gold prices edged up following a November U.S. jobs report indicating gradual easing in the labor market, bolstering expectations of another Federal Reserve interest rate cut. This rise came despite a surge in job growth, with analysts pointing to private payroll figures and overall trends as supporting further rate reductions.
LG Electronics India files IPO papers to raise 15,000 crore
LG Electronics India filed for a 15,000 crore IPO, potentially India's fifth-largest. The South Korean electronics giant, a market leader in several appliance categories, aims to sell a 15% stake. This marks LG's second IPO in India, following Hyundai Motors. The company plans to invest 5,000 crore in a new Andhra Pradesh factory.
RBI introduces new interest rate benchmark
The Reserve Bank of India (RBI) is launching a new interest rate benchmark, the Secured Overnight Rupee Rate (SORR), to better reflect money market conditions. SORR will be based on secured transactions, offering a more robust and representative rate than the current call money market rate.
Bank holiday today: Are banks open or closed this Saturday, December 7?
Bank Holiday Today: The Reserve Bank of India has not notified any bank holiday today, ie Saturday December 7. Hence all government and private bank, including ICICI, PNB, SBI, etc, will remain open today.
If you have more than one Universal Account Number for EPF, do this now
Having two or more UANs can make it difficult to withdraw your funds, deprive you of tax breaks, and affect your pension payout.
Can Indiasaviation strategy increase farmer incomes ?
Sustainable aviation fuel is produced from renewable sources such as used cooking oil, agricultural waste, and municipal waste, and it can reduce emissions by up to 80% over its lifecycle, says Prashanth Nutula , partner, Deloitte India.
Railways developing Vande Bharat parcel trains for e-commerce shipping
The national transporter hopes that the new service using the semi-fast trains will help it regain some of the non-bulk freight business that has moved to roadways and air cargo.
Highway toll revenue growth slows, may fall short of FY25 target
India's highway toll collection may miss 70,000 crore target for FY25. But it's expected to pick up from next year onwards as more toll roads get commissioned.
GDP slowdown in Q2 is not systemic; Q3 to compensate for moderation: FM Nirmala Sitharaman
Other factors affecting growth include plateauing global demand that affected export growth, she added
LG Electronics India files DRHP, to sell 10.18 crore shares
The South Korean appliance major set up the Indian subsidiary in 1997
This will help the banks deal with the issue of mule bank accounts expeditiously and reduce digital fraud.
India well-positioned to navigate US-China tariff conflict: BlackRock
The investment manager favours emerging markets over developed markets, especially EMs at the cross current of mega forces, like India and Saudi Arabia.
Bluestone board clears 1,000-crore IPO
The d2c seller has approved a resolution to issue 13,00,000 equity shares to its founder and CEO, Gaurav Singh Kushwaha to raise Rs 75 crore
ET Market Watch: Sensex and Nifty snap 5-day rally after RBI MPC outcome, auto stocks shine
Tighter vigil on SME IPOs welcome
Trafiksol ITS offer was cancelled; C2C Advanceds listing happened only after final scrutiny
Tech View: Nifty forms long bull candle with minor shadow. What should traders do on Monday?
Indian markets ended lower on Friday, breaking a five-day winning streak. Bank and IT stocks weighed on the indices. The Nifty closed marginally lower, but the overall trend remains positive. The next resistance level is at 24,850.
Microfinance stress not alarming, says RBI deputy governor Swaminathan
RBI had already requested banks and non-bank financiers to strengthen their underwriting standards and to step up their collection efforts so that the stress does not translate into bad loans.
Bajaj Finserv Healthcare Fund NFO open for subscription. Important things to know
The goal is to achieve long-term capital growth by primarily investing in equity and equity-related securities of companies in the pharma, healthcare, and allied sectors.
LG Electronics' India unit files for IPO to sell 10.18 crore shares
Morgan Stanley, JP Morgan, BofA Securities and Citi are among lead book-running managers of the public offer while KFin Technologies is the registrar.
Axis Crisil-IBX AAA Bond NBFC-HFC-June 2027 Index Fund is open for subscription. Key things to know
The new fund offer is currently open for subscription and will close on December 10.
Gold trades flat at Rs 79,150 per 10 gm; silver declines Rs 300
Gold prices traded flat at Rs 79,150 per 10 grams in the national capital on Friday, according to the All India Sarafa Association. However, silver declined Rs 300 to Rs 93,500 per kg. The white metal closed higher at Rs 93,800 per kg on Thursday.
Indian billionaires' wealth nearly tripled to $905 billion in 10 years: Report
India's billionaire wealth has tripled to $905.6 billion in 10 years, ranking third globally. This 42% growth rate is fueled by a booming economy, government reforms, and the rise of family-owned businesses. India's strong equity market performance and the increasing number of publicly listed family-owned businesses have contributed to this wealth surge.
Tea prices up at Kochi auctions on increased buying, low arrivals
Crop output in North down as winter begins
RBI MPC December 2024 highlights: RBI keeps policy rate unchanged, cuts GDP forecast to 6.6 per cent
Possessing a credit card can be a boon for frequent travellers who by virtue of holding a credit card get free access to lounges at select airports. It is noteworthy that this access may become effective upon meeting of certain conditions or limits imposed by the bank
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex closed down 56.74 points at 81709.12
And what is beyond A? EAM S Jaishankars one-liner on China question steals the show
Pioneer Jellice and Ashok Matches launch open offer for IGCL stake acquisition
On December 4, Narmada Gelatines, a subsidiary of PJIP, purchased 10.03 lakh shares at 408 each, representing 14.01% of IGCLs capital
Market dips slightly as RBI holds steady, signals economic caution
Despite the days modest pullback, the market maintained an overall positive sentiment, driven by the RBIs strategic liquidity measures and economic support initiatives
Stock market update: Mining stocks up as market falls
The 30-share BSE Sensex closed down 56.74 points at 81709.12
LG Electronics India files for IPO to sell 10.18 crore shares
Two months after Korean car manufacturer Hyundai got listed in India, another chaebol family of South Korea - LG Electronics - has filed for an IPO of its Indian arm. LG is said to be selling 101.8 million shares in the planned IPO, according to a report by Reuters.
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Adani Ports SEZ, Cipla, Bharti Airtel, HDFC Life and Asian Paints were among the top losers on NSE in today's trade.
PSU Bank stocks gain as RBI cuts CRR by 4%
Bank stocks were in focus after RBI slashed CRR by 50bps
Rupee settles on a flat note, rises 1 paisa to 84.70 against U.S. dollar
The Reserve Bank of India kept its key interest rate unchanged, citing inflation risks, but cut the Cash Reserve Ratio that banks are required to park with the Central bank
Sensex falls! But these stocks gained over 10% on BSE
In the Nifty 50 index, 21 stocks ended in the green, while 29 stocks closed in the red in today's trade.
