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Business / The Economic Times

Union Bank plans to raise Rs 3,000 cr through QIP, fixes floor price at Rs 142.78/share

State-owned Union Bank of India on Tuesday approved a Rs 3,000 crore share sale proposal to fund its business growth. The Committee of Directors for Raising Capital Funds, in its meeting held on Tuesday.

20 Feb 2024 9:30 pm
Ahead of Market: 10 things that will decide D-Street action on Wednesday

Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts.

20 Feb 2024 9:27 pm
These 4 energy stocks hit fresh 52-week highs; rallied up to 45% in a month

The 52-week high is an important technical gauge for traders and investors, indicating a stock's peak price over the preceding year.

20 Feb 2024 9:13 pm
Yum Restaurants likely to sell entire 4.4% stake in Devyani International via block deals: Report

Through the sale, Yum Restaurants plans to raise around Rs 815 crore, reports said. The floor price for the sale has been fixed at Rs 153.5 a share, which is at a discount of nearly 8% to the current price.

20 Feb 2024 8:48 pm
Juniper Hotels Rs 1,800-cr IPO opens tomorrow. Key things to know about the issue

Through the public offer, the company plans to raise around Rs 1,800 crore.

20 Feb 2024 7:08 pm
Technical Breakout Stocks: How to trade CRISIL, HFCL and EIH Hotels on Wednesday

The Nifty50 index rose 74 points to close at 22,196. It hit a fresh record high of 22,251 intraday. The S&P BSE Sensex rallied more than 300 points. Sectorally, buying was seen in banks, realty, power and utilities while IT, auto and metal stocks saw some selling pressure.

20 Feb 2024 6:42 pm
Wireless EV charging may become a reality

Someday soon, plug-in cars may no longer need a plug. Electric car drivers would simply pull into a specialized parking space when its time to power up, wait for a light on their dashboard to switch on, and then hop out of the car and go about their day.This is the promise of wireless EV charging, an inductive transfer of electrons that would eliminate the need for all those pesky cords. Multiple startups have spent years working towards a world in which wireless charging goes mainstream, and as

20 Feb 2024 6:32 pm
India's debt to GDP ratio by 2030-31 will be much lower than IMF's projection: RBI paper

The Indian government should focus on development, as per a research paper by RBI. The paper shows that the general government debt-GDP ratio could decline to 73.4% by 2030-31, 5 percentage points lower than the IMF's projection. Further fiscal tightening is needed for sustainable growth.

20 Feb 2024 6:11 pm
Good news for Bengaluru EV owners

Electric vehicle owners in Bengaluru has more reasons to cheer for. The Silicon Valley of India is set to get more public charging stations soon.As per reports, Bangalore Electricity Supply Company Limited (BESCOM) has awarded a tender to Reliance BP Mobility Limited for settin up of 225 public charging stations across Bengaluru. As per the tender, 150 charging spots will be in Bengaluru city while 75 in Bengaluru rural.We had awarded the tender for setting up the charging infrastructure to Reli

20 Feb 2024 5:45 pm
The margin of safety: the ten-billion-dollar lesson from Amgen

A notable book that emphasized the importance of corporate culture by looking at successful companies (stock price performance as a guide) ranked Amgen prominently. Amgen's adeptness in embracing a myriad of possible dangers was a strategic manoeuvre that propelled the company to a superior standing.

20 Feb 2024 5:43 pm
Focus on exports to achieve 10% growth: 16th Finance Commission chairman Arvind Panagariya

Arvind Panagariya, chairman of the Sixteenth Finance Commission, emphasized the need for India to focus on exports to achieve a 10% growth rate. He highlighted the importance of following China's strategy. Panagariya also stressed the need for states to prioritize labor-intensive industries and create special zones.

20 Feb 2024 5:39 pm
Whirlpool Corporation sells 24% stake in Indian unit for $468 million via open market

Following the sale, the parent firms holding has come down to 51% from 75%. The American consumer durables maker expects to use the proceeds from the stake sale to reduce debt.

20 Feb 2024 5:38 pm
M&M, Dabur among 5 stocks with top short-covering

Short covering signals a shift in view on security from extreme bearishness to bullishness.

20 Feb 2024 5:22 pm
Stock market update: Nifty Auto index falls 0.62%

The Nifty Auto index closed 0.62 per cent down at 20354.25.

20 Feb 2024 5:21 pm
Sensex rises! But these stocks fell 5% or more in Tuesday's session

In the Nifty pack, 26 stocks closed in the green, while 24 stocks ended in the red.

20 Feb 2024 4:35 pm
Vibhor Steel Tubes share price nearly triples on listing day. Should you book profits?

Boasting a diverse product portfolio, an established distribution network, and consistent financial performance, Vibhor Steel Tubes possesses a solid foundation for growth, maintained analysts

20 Feb 2024 3:33 pm
For HDFC Bank, we can look at rallies back to Rs 1,485-1,500 in next few trading sessions: Vishal Malkan

Vishal Malkan predicts HDFC Bank may rally to Rs 1,485 to 1,500. Bank Nifty is expected to rise if it closes above 47,100. NTPC shows good momentum while Swan Energy is advised to buy on a dip near support levels.

20 Feb 2024 3:29 pm
India's longest transportation tunnel opens in Jammu on Udhampur-Srinagar-Baramula Rail Link

Indian Prime Minister Narendra Modi inaugurated the country's longest railway tunnel on the Udhampur-Srinagar-Baramulla Rail Link. The 12.77-km-long tunnel, known as T-50, is part of the Banihal-Khari-Sumber-Sangaldan section, allowing trains to run from Baramulla to Sangaldan. The section brings India a step closer to realizing the goal of running a train from Kashmir to Kanyakumari.

20 Feb 2024 2:51 pm
Bullish on Vedanta story, expect stock price to appreciate 30-40% within a year: Sudip Bandyopadhyay

Vedanta, a unique company with diverse commodities, is well-positioned in the commodity cycle. Sudip Bandyopadhyay sees deep value in Vedanta and expects 30-40% appreciation in one year. The demerger, upcoming Tuticorin plant, and entry into power distribution contribute to its promising future.

20 Feb 2024 2:28 pm
Onion export ban to continue till March 31: Govt

The ban on export of onion till March 31, 2023, continues to control prices and ensure domestic availability, according to Consumer Affairs Secretary Rohit Kumar Singh. Modal wholesale onion prices in Lasalgoan rose 40.62% to Rs 1,800 per quintal. The ban may continue post March 31 due to lower rabi onion production, especially in Maharasthra.

20 Feb 2024 2:25 pm
F&O stocks: Bajaj Auto, Birlasoft among 5 stocks with short buildup

In Tuesdays trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached, whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what short selling means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it bac

20 Feb 2024 1:37 pm
Bharat Forge shares fall 1.32% as Nifty gains

A total of 11,657 shares changed hands on the counter till time (IST).

20 Feb 2024 1:33 pm
F&O stocks: HDFC Bank, Axis Bank among 5 stocks with long buildup

In Tuesdays trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

20 Feb 2024 1:33 pm
Investing in the 30s: Heres how to create a generous corpus even in your late 30s

Chirag Munu of Anad Rathi Wealth says: Start investing in your 30s with a well-planned portfolio of mutual funds and SIPs. Allocate 20% of your income, consider an 80% debt and 20% equity mix, and diversify with large, mid, and small-cap funds. Build an emergency fund, manage debt, and get insurance for financial security.

20 Feb 2024 1:33 pm
Play for the bigger themes and bet on India, says Samir Arora

Samir Arora of Helios Capital discusses valuation, investment strategies, and risk management in the Indian market. He emphasizes the missed opportunity in the pharma sector and the underperformance of the consumer sector. He said willing to buy consumer stocks at 40-50 PE if the companies are growing 25-30% per annum for the next few years at least. That is the only thing we will buy in consumer even if the valuations are high. That is why we have Zomato and Varun Beverages .

20 Feb 2024 1:31 pm
Avenue Supermart shares up 1.21% as Nifty gains

A total of 3,614 shares changed hands on the counter till 12:43PM (IST).

20 Feb 2024 12:43 pm
Most Indian financial institutions have a clean white shirt: Uday Kotak

Kotak stated that he is cautious about building India with 1 or 2 companies in each sector while discussing capacity building. He prefers having 4-6 large players in banking and other sectors. In his opinion, broad-based capacity creation will be important to create a $30 trillion economy.

20 Feb 2024 12:42 pm
GAIL shares up 0.1% as Sensex rises

A total of 522,539 shares changed hands on the counter till 12:38PM (IST)

20 Feb 2024 12:37 pm
Tata Power shares fall 0.35% as Nifty gains

The stock quoted a 52-week high price of Rs 412.75 and a 52-week low of Rs 182.45.

20 Feb 2024 11:46 am
SBI Card share price up 0.42 per cent

A total of 44,024 shares changed hands on the counter till 11:42AM (IST).

20 Feb 2024 11:42 am
Share price of Ashok Leyland jumps as Sensex gains 151.72 points

A total of 215,839 shares changed hands on the counter till 11:36AM (IST)

20 Feb 2024 11:37 am
These 4 stocks saw a high increase in futures open interest

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.

20 Feb 2024 11:34 am
Bandhan Bank shares rise 0.12% as Nifty gains

The stock quoted a 52-week high price of Rs 272.0 and a 52-week low of Rs 182.2.

20 Feb 2024 11:31 am
Federal Bank, Hero MotoCorp among 5 stocks with short buildup

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20 Feb 2024 11:28 am
5 stocks showing RSI Trending Up on February 19

It is an uptrend signal if the RSI value has crossed above 50 from below.

20 Feb 2024 11:23 am
InterGlobe shares up 0.76% as Sensex rises

A total of 6,114 shares changed hands on the counter till 10:40AM (IST)

20 Feb 2024 10:40 am
Should you start buying chemical stocks? Is ICICI Bank a good buy? Deven Choksey answers

Deven Choksey favours UPL, ICICI Bank, HDFC Bank, and Kotak Mahindra Bank. He highlights the lack of clarity in Biocon's business and advises caution in the chemical sector. He suggests Whirlpool needs to improve its strategy to compete with domestic players. Companies in niche areas like Anupam Rasayan, Ami Organics, Laxmi Organics remain relatively stronger players.

20 Feb 2024 10:38 am
Tata Elxsi shares gain 0.4% as Sensex rises

The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 5883.05.

20 Feb 2024 10:35 am