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Showing posts from December, 2021

Ahead of Market: 12 things that will decide stock action on Monday

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade setup on the counters of Torrent Pharma, Mindteck, Capacit’e Infraprojects, APL Apollo Tubes and La Opala. from Stocks-Markets-Economic Times https://ift.tt/3sHwST0 via Urmarketspy

Ahead of Market: 12 things that will decide stock action on Monday

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade setup on the counters of Torrent Pharma, Mindteck, Capacit’e Infraprojects, APL Apollo Tubes and La Opala. from Stocks-Markets-Economic Times https://ift.tt/3sHwST0 via Urmarketspy

Trade Setup: Major downside in Nifty unlikely; stick to low beta stocks

Monday's session is likely to have a quiet start to the day. The levels of 17,085 and 17,140 will act as immediate resistance points for Nifty, while support would come in at 16,960 and 16,880 levels. from Stocks-Markets-Economic Times https://ift.tt/30XhoyS via Urmarketspy

Beaten down sectors steal thunder in 2021 when Sensex broke all past records

Nifty Metal was the biggest gainer of the year, up 70 per cent, driven by record-breaking rally in stocks like Tata Steel, Jindal Steel & Power and Hindalco Industries. from Stocks-Markets-Economic Times https://ift.tt/3mU6CBx via Urmarketspy

Most Gulf bourses retreat as COVID-19 cases rise

The Abu Dhabi index, meanwhile, dropped 0.3% as Abu Dhabi Islamic Bank retreated by 2% and the country's largest lender, First Abu Dhabi Bank, lost 0.7%. from Stocks-Markets-Economic Times https://ift.tt/3FyAwSY via Urmarketspy

Beat the market in 2022 with focused investment in three sectors

An important lesson from stock market history is that a sharp crash is followed, more often than not, by a sharp rebound. from Stocks-Markets-Economic Times https://ift.tt/3qkldqC via Urmarketspy

ETMarkets Investors' Guide: How Omicron may impact the unlock trade in stock market

from Stocks-Markets-Economic Times https://ift.tt/3qsG1MC via Urmarketspy

The week that was: ZEE, hotel stocks among 10 counters that buzzed the most

After a 21-fold return in the last year, shares of Tata Teleservices saw a rare profit booking during the week. The stock ended down over 14 per cent and was the biggest loser in the BSE500 pack. from Stocks-Markets-Economic Times https://ift.tt/3FtHrwB via Urmarketspy

India Inc raises over Rs 9 lakh crore through equity, debt issuances in 2021

In 2020, firms raised Rs 11 lakh crore, including Rs 7.91 lakh crore through debt and Rs 2.12 lakh crore through equity. from Stocks-Markets-Economic Times https://ift.tt/33Nw7xo via Urmarketspy

India's record stock rally made investors richer by Rs 72 lakh crore in 2021

The BSE Sensex made history this year by breaching the 50,000-mark for the first time ever, and went on to scale the 60,000 level within the next seven months. It closed at its lifetime high of 61,765.59 on October 18. from Stocks-Markets-Economic Times https://ift.tt/3ps0gL5 via Urmarketspy

Mcap of five of top-10 valued companies soars more than Rs 1 lakh cr

Reliance Industries added Rs 21,035.95 crore to take its valuation to Rs 16,04,154.56 crore. The valuation of Infosys zoomed Rs 17,656.95 crore to Rs 7,83,779.99 crore and that of Hindustan Unilever Limited gained Rs 16,000.71 crore to Rs 5,40,053.55 crore. from Stocks-Markets-Economic Times https://ift.tt/3JiuOqD via Urmarketspy

F&O expiry, FPI selling among key factors that may guide market this week

Foreign investors continued their unabated selling last week, a trend seen in the last three months. They have withdrawn Rs 17,825 crore so far in the month. from Stocks-Markets-Economic Times https://ift.tt/3yYnagk via Urmarketspy

Asset bubbles? Champagne outfizzes Big Tech and Bitcoin in 2021

Data from LiveTrade, which runs the "Bordeaux Index" of drinks, showed champagne accounted for 15 of the 20 top price rises on the platform in 2021. from Stocks-Markets-Economic Times https://ift.tt/3prgK6o via Urmarketspy

Glen Greenberg's tips on how to become a successful value investor

Relatively unknown to the value investing community, Greenberg's returns over the past few decades have been nothing short of astonishing. Between 1984 and 2009, his fund produced an annual return of 18% compared with the market's 12%. Assets under management also increased from $43 million in 1984 to $3 billion in 2009. from Stocks-Markets-Economic Times https://ift.tt/32tKw1o via Urmarketspy

Markets slip into red zone again after 3-day rally

The BSE Sensex fell 190.97 points or 0.33% to close at 57,124.31. The NSE Nifty declined 68.85 points or 0.4% to end at 17,003.75. Both indices had fallen almost 1% during the day. The reduction in losses on Friday helped the benchmarks post a 0.2% gain for the week. from Stocks-Markets-Economic Times https://ift.tt/3FvDvLO via Urmarketspy

Data Patterns lists at 48% premium, ends with 29% gain

The stock debuted at ₹864 on the BSE and at ₹856.05 on the NSE. The stock ended the day at ₹754.85 on the BSE, up 29% over the issue price. The ₹588.2-crore IPO of the Chennai-based company was subscribed 119.62 times. from Stocks-Markets-Economic Times https://ift.tt/3FEuJes via Urmarketspy

Corp FDs witness rise in popularity, offer 100-150 bps over bank deposits

"A fixed deposit is a very simple product to understand. A corporate deposit gives you an alpha of 100-150 basis points over a bank deposit, which attracts investors," says Vinay Taluja, Chief Product Officer, Bajaj Capital, a national financial products distributor. from Stocks-Markets-Economic Times https://ift.tt/3emE3Yv via Urmarketspy

Sebi levies Rs 17-cr fine on Cals Refineries Ltd, its officials and one entity

Cals Refineries had issued 78.8 lakh GDRs amounting to USD 200 million and the issue had closed on December 12, 2007. from Stocks-Markets-Economic Times https://ift.tt/33XwAxh via Urmarketspy

Lenders to vote on Vedanta's ₹2,800 crore offer for Lanco unit

Vedanta and iLabs Group were the only two bidders under the Insolvency and Bankruptcy Code (IBC) provisions for the stressed thermal power company Lanco Amarkantak that owns two operating power plants in Chhattisgarh and four that are under construction. from Stocks-Markets-Economic Times https://ift.tt/3H7iLdH via Urmarketspy

IndiGo EGM call signals truce among promoters

The EGM has been called to amend the AoA, which, among other things, say that if one promoter decides to sell his shares, the other has the right of first refusal to buy them. from Stocks-Markets-Economic Times https://ift.tt/3qplBnE via Urmarketspy

RBI extends card tokenisation deadline by 6 months

The move comes after digital payment firms, like Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF), voiced their concerns over industry readiness. from Stocks-Markets-Economic Times https://ift.tt/33Wi6O7 via Urmarketspy

Sebi signs enhanced multilateral MoU of International Organization of Securities Commissions

The EMMoU was introduced by IOSCO to expand the range of enforcement powers that signatories may use to safeguard the integrity and stability of markets, protect investors and deter misconduct and fraud, Sebi said. from Stocks-Markets-Economic Times https://ift.tt/3EsdTOC via Urmarketspy

Sebi overhauls advisory committees on secondary mkts, mutual funds, corporate bonds

The advisory committee will now be chaired by Madhabi Puri Buch, ex-whole time member of Sebi. The panel was earlier headed by IIM Ahmedabad professor and former whole-time member of Sebi, Jayanth R Varma. from Stocks-Markets-Economic Times https://ift.tt/32sHDh5 via Urmarketspy

NSE-BSE bulk deal: United Insurance sells 20,000 shares of Lakshmi Automatic in 2 days

The government-owned insurer had sold 10000 shares yesterday as well, though at a lower price of Rs 675 per share. As of September-end shareholding data, United India Insurance held 30,018 shares of the company or 4.49 per cent of all shares. from Stocks-Markets-Economic Times https://ift.tt/3EqrwOe via Urmarketspy

Asian shares advance, dollar soft as markets decide Omicron fallout limited

A global share rally continued in early Asian trading on Thursday and the safe haven dollar was on the back foot as markets took cheer from positive signs about the impact of the omicron variant of COVID-19 and U.S. economic data. from Stocks-Markets-Economic Times https://ift.tt/3yVQGDA via Urmarketspy

SBI, Union Bank to go ahead with Swiss Challenge auction for KSK Mahanadi Power loans

In the Swiss auction process, lenders first hold an auction of the NPA, and the offer made by the highest bidder (also known as anchor bidder) is set as the reserve price. from Stocks-Markets-Economic Times https://ift.tt/3mq7vkI via Urmarketspy

ZEE-Sony merger could face legal hurdles

According to Vaibhav Choukse, partner at law firm JSA, given the market presence of the parties, including their market shares, the deal may need the filing of the more detailed Form II, or long form, and require complex competition analysis. from Stocks-Markets-Economic Times https://ift.tt/32yYejy via Urmarketspy

Easy money policy could end from Feb, show MPC minutes

The MPC kept the policy repo rate unchanged at 4.0 per cent. The reverse repo rate too was maintained at 3.35 per cent. from Stocks-Markets-Economic Times https://ift.tt/3qirp2u via Urmarketspy

Vedanta plans to raise up to Rs 1,000 cr via NCDs

"The company proposes to offer rated, secured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 1,000 crore," the filing said. from Stocks-Markets-Economic Times https://ift.tt/3pmZbnG via Urmarketspy

NSE-BSE bulk deal: United India Insurance sells 10,000 shares of Lakshmi Automatic

In another transaction, Rajasthan Gases bought 2,680,000 shares of Gujarat Natural Resources Limited at Rs 11.50 per share. Shares were sold by Patron Energy, Sakira Finance and Blowing Traders. from Stocks-Markets-Economic Times https://ift.tt/3EhRbbX via Urmarketspy

India Cements soars 9% as Damani increases his stake to 22.7%

RK Damani has been marginally increasing his stake in the cement giant since last year, reports said, adding that he held 19.89 per cent shares in the company in the March quarter of 2020, followed by a marginal increase to 20.4 per cent in July 2020. from Stocks-Markets-Economic Times https://ift.tt/3J7D2lj via Urmarketspy

Buy FSN E-Commerce Ventures, target price Rs 2480: JM Financial

FSN E-Commerce Ventures Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 92856.89 Crore) operating in Services sector. from Stocks-Markets-Economic Times https://ift.tt/3GYoeUa via Urmarketspy

Blackstone plans India’s maiden retail properties REIT, portfolio valued over $2 billion

Blackstone’s portfolio of income-producing retail assets for this REIT is estimated to be valued in the range of $2.2-2.5 billion, or about Rs 16,500-18,750 crore. from Stocks-Markets-Economic Times https://ift.tt/3FlFoLd via Urmarketspy

LSF rejects plan to wind up RattanIndia Finance

Lone Star says its ploy to shift attention from his fraudulent conduct, Rajiv Rattan the private equity is trying to extract best price. from Stocks-Markets-Economic Times https://ift.tt/3srb8eg via Urmarketspy

Recovery chances look slim for Rs 20,000 crore of micro loans

Microfinance lenders including banks and small finance banks may find it difficult to recover about Rs 20,000 crore worth of loans, which will be nearing 270 days past due (DPD) by the end of December. from Stocks-Markets-Economic Times https://ift.tt/3FqTHhG via Urmarketspy

MOIL shareholders approve buyback of over 3.38 cr shares

In a filing to the BSE, MOIL said the Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as record date for determining the entitlement and the names of the eligible shareholders/beneficial owners for the offer. from Stocks-Markets-Economic Times https://ift.tt/3z1xg09 via Urmarketspy

JSW Energy (Barmer) buys back shares for Rs 1,000 cr

JSW Energy (Barmer) Ltd has completed buy back of 100 crore equity shares for Rs 1,000 crore, the company said on Tuesday. from Stocks-Markets-Economic Times https://ift.tt/30R5R4i via Urmarketspy

NSE-BSE bulk deals: Vedanta promoter increases stake by 1.82%

In another transaction, Aviator Global Investment Fund bought 175,000 shares of Lancer Container Lines at Rs 205 per share. from Stocks-Markets-Economic Times https://ift.tt/33Ee4K0 via Urmarketspy

Capital market direction to depend on corporate earnings, budget in 2022: Kotak Mahindra AMC

Kotak Mahindra AMC, which manages Kotak Mutual Fund, said in its Market Outlook for 2022 that it remains neutral to equity as an asset as it is fairly priced. from Stocks-Markets-Economic Times https://ift.tt/3pfvIMK via Urmarketspy

NSE-BSE bulk deals: Ontario Pension Board sells stake in CCL Products

In other transactions, HDFC Mutual Fund traded shares of Greenply Industries, MM Forgings, and Centum Electronics, buying and selling equal numbers of shares for these three counters. from Stocks-Markets-Economic Times https://ift.tt/3mm4Jgl via Urmarketspy

Ahead of Market: 12 things that will decide stock action on Tuesday

Chandan Taparia of Motilal Oswal Securities said that as long as Nifty50 remains below 16,800, any recovery would be sold into. He felt that further weakness could be seen towards 16,400 and 16,200 levels. from Stocks-Markets-Economic Times https://ift.tt/3ecfq0x via Urmarketspy

Trade Setup: Nifty50 oversold; rebound from current levels extremely crucial

Markets may see a shaky start to the day on Tuesday; the levels of 16690 and 16765 may well act as potential resistance levels. The low point 16410 will be the most crucial support level to watch for, not just for Tuesday but for the coming days as well. from Stocks-Markets-Economic Times https://ift.tt/3pfVyAd via Urmarketspy

Zomato loses 2% as firm completes Shiprocket acquisition

Last week, reports said that Shiprocket, a logistics aggregator, is closing $185 million (Rs 1,380 crore) in a Series E funding round co-led by Zomato, Singapore's sovereign wealth fund Temasek and Lightrock India. from Stocks-Markets-Economic Times https://ift.tt/3paz3fK via Urmarketspy

Has the Indian stock market finally found a cure for its FII complex?

Foreign investors own nearly a fifth of the shares of listed companies on the National Stock Exchange and have more than a 40 per cent hold in the free-float of the stock market — the highest among investor cohorts. from Stocks-Markets-Economic Times https://ift.tt/3GXk92z via Urmarketspy

Buy India Pesticides, target price Rs 385: JM Financial

India Pesticides Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 3492.33 Crore) operating in Pesticides/Agro Chemicals sector. from Stocks-Markets-Economic Times https://ift.tt/3FclTEE via Urmarketspy

Morgan Stanley initiates coverage on Nykaa, PB Fintech with equal weight rating

Morgan Stanley said it is bullish on Nykaa's business and feels the risk-reward is balanced. The brokerage has a target of Rs 2,183 on Nykaa. from Stocks-Markets-Economic Times https://ift.tt/3pdS8Op via Urmarketspy

Buy Deepak Nitrite, target price Rs 2800: JM Financial

Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 29805.97 Crore) operating in Chemicals sector. from Stocks-Markets-Economic Times https://ift.tt/3mjwCpg via Urmarketspy

Listen In: Why you must brace for wild swings in Nifty this week

from Stocks-Markets-Economic Times https://ift.tt/3FgQp0m via Urmarketspy

Sell IndusInd Bank, target price Rs 840: Chandan Taparia

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 68354.72 Crore). from Stocks-Markets-Economic Times https://ift.tt/3yPb7BV via Urmarketspy

Listing fee dues cannot be recovered under operational debt: NCLAT while dismissing BSE petition

Listing fees comes under the ambit of 'regulatory dues', which markets regulator Sebi is entitled to recover, and the defaulting company being an entity registered under Sebi is under an obligation to follow the regulations prescribed by the regulator for the recovery of its dues, observed the NCLAT. from Stocks-Markets-Economic Times https://ift.tt/32jY6Eo via Urmarketspy

Ahead of Market: 12 things that will decide stock action on Monday

Gaurav Ratnaparkhi of Sharekhan said that the short-term range has shifted lower for Nifty50 to 16,780-17,400 levels. from Stocks-Markets-Economic Times https://ift.tt/3EnlHkZ via Urmarketspy