The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
Posts in category Business Standard
Stock Market news: Jackson Hole, DII flows in focus; GIFT Nifty at 24,700 (19-08-2024)
All you need to know before the market opens on Monday: GIFT Nifty hints at 100 pts gap-up; Experts see Nifty rising to 24,700-25,000 levels. FIIs index long-short ratio at 1:1; 17 stocks in F&O ban.
Jigar S Patel of Anand Rathi recommends buying these three stocks today (19-08-2024)
Nestle India and Lodha (Macrotech Developers) are among the top stock recommendations of Jigar S Patel of Anand Rathi
Will bulls stage comeback on D-Street? Here’s what analysts suggest (19-08-2024)
The Nifty 50 Index is currently displaying a bullish trend on the charts, signaling a positive outlook for the near term. However, it’s important to keep an eye on the key levels of 24,625 and 24,800
Nifty Outlook: Index may retest 25,000 levels as bulls eye further upside (19-08-2024)
The bulls are back, as recent sessions have established a base around the key support of the 50-Day EMA, and last Friday’s strong momentum suggests that prices are forming a structural bottom
BSE, Coromandel: Top stock picks by Rajesh Bhosale of Angel One for Aug 19 (19-08-2024)
On the daily chart, BSE has confirmed a bullish ‘Inverse Head and Shoulders’ breakout, supported by a significant increase in volume and favorable indicator placement
Diversify mutual funds portfolio away from recent high performers (18-08-2024)
Stock investors must focus on finding quality companies available at reasonable valuations
KRN Heat to float initial share sale in Sep, collects Rs 9.54 cr in pre-IPO (18-08-2024)
KRN Heat Exchanger and Refrigeration Ltd is likely to come out with its initial share sale next month, and funds will be used for expansion plans, market sources said on Sunday.
On Saturday, the company announced raising Rs 9.54 crore by a pre-IPO (initial public offering) placement round.
The Rajasthan-based company manufactures fin and tube-type heat exchangers for the heat ventilation air-conditioning and refrigeration industry.
The company’s entire manufacturing operations are undertaken at its consolidated manufacturing facility comprising two industrial plots located in the RIICO Industrial Area, Neemrana, Rajasthan.
KRN Heat Exchanger’s initial paper was filed in January 2024, comprising entirely a fresh issue of 1.93 crore equity shares with no OFS component.
Later, the company filed the papers in late March with a revised issue size.
Going by the draft papers filed in March, the company’s proposed IPO involved a fresh issue of size of 1.6 crore equity shares.
Market sou
India’s holding of American securities hits high of $241.9 bn in June (18-08-2024)
India’s holding of US government securities touched a high of USD 241.9 billion in June as the country continued to increase its exposure for the third straight month.
Japan was the top holder with securities worth over USD 1.11 trillion followed by China at the second spot with a holding valued at USD 780.2 billion in June, according to the latest data released by the US Treasury Department.
At the third place was the United Kingdom with an exposure of USD 741.5 billion ahead of Luxembourg at the fourth position with a holding to the tune of USD 384.2 billion.
Among the countries and jurisdictions, India was at the 12th place owning American government securities worth USD 241.9 billion in June, higher than USD 237.8 billion value recorded in May.
As per the data, India’s holding is the highest in the last one year and it was at USD 237.8 billion in May 2024. In April this year, it touched USD 233.5 billion declining from USD 240.6 billion in March.
In June last year, the exposur
FPIs turn net sellers; pull out Rs 21,201 crore from equities in Aug so far (18-08-2024)
Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts.
This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed.
Foreign portfolio investors (FPIs) infused funds in these two months on the expectation of sustained economic growth, continued reform measures, better-than-expected earnings season and political stability.
Before that, FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields.
According to the data, FPIs withdrew a net amount of Rs 21,201 crore in equities so far this month (August 1-17).
So far this year, FPIs invested Rs 14,364 crore in equities, data with the depositories showed.
FPI outflows witnes