Posts in category Business Standard
Stocks to Watch today, Dec 4: SBI, HUL, Salasar Techno, Tata Power, Alkem (04-12-2023)
Stocks to Watch on Monday, December 4, 2023: Hindustan Unilever has decided to split its beauty and personal care business into two separate divisions
Gold price remains flat at Rs 63,760, silver unchanged at Rs 80,500 (04-12-2023)
The price of 22-carat gold stayed unchanged, with the yellow metal selling at Rs 58,450
MARKET LIVE: Sensex soars 1,000 pts to fresh high; Adani Group stocks surge (04-12-2023)
Stock market live updates: Sensex and Nifty indices scaled fresh lifetime highs at Monday's open fueled by Bhartiya Janata Party's (BJP) decisive win in the assembly elections
Nifty resistance seen at 20,475-20,575; Bank Nifty likely to join rally (04-12-2023)
As per Ravi Nathani, the trading strategy for Nifty should be to book profit at resistance levels, adopting a cautious stance as the overall trend on charts remains bullish with strong signals
Equity markets likely to extend gains on BJP’s Assembly poll wins (03-12-2023)
The BJP decisively won three out of the four key states-- Madhya Pradesh, Rajasthan, and Chhattisgarh
IIFL Samasta maiden retail bond offer for Rs 1,000 cr opens tomorrow (03-12-2023)
IIFL Samasta Finance's maiden retail bond offer that will open for subscription on Monday plans to raise Rs 1,000 crore to fund its business growth.
The fund raised through the public issue of non convertible debentures (NCDs) would be utlised for the purpose of business growth and capital augmentation, IIFL Samasta Finance said in a statement on Sunday.
The non-banking microfinance company (NBFC-MFI) will issue bonds, aggregating to Rs 200 crore, with a green shoe option to retain over-subscription of up to Rs 800 crore (aggregating to a total of Rs 1,000 crore).
The bonds, which closes for subscription on December 15, propose to offer the highest coupon rate of 10.50 per cent per annum for a tenor of 60 months.
NCD is available in tenors of 24 months, 36 months and 60 months. The frequency of interest payment is available on monthly and annual basis for each of the series.
In a first, NSE listed companies’ market capitalisation surpass $4 trn mark (03-12-2023)
The market capitalisation of listed companies on the NSE has surpassed the USD 4 trillion (Rs 334.72 trillion) mark for the first time ever, with the benchmark Nifty hitting its all-time high of 20,291.55 last Friday.
The benchmark Nifty climbed 134.75 points or 0.67 per cent to settle at an all-time high of 20,267.90 on Friday. During the day, the benchmark reached its intra-day record high of 20,291.55.
The Nifty-500 index also touched an all-time high of 18,141.65 on the same day, indicating that the equity market rally is not restricted to only the large-cap stocks.
"The achievement of this milestone is a testament of the vision outlined for the Amrit Kaal which includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector," NSE said in a statement on Sunday.
The journey of market capitalisation of listed companies rising from to USD 2 trillion (in July 2017) to USD 3 trillion (in May 2021) took about 46 months, whereas the
Out of Rs 1 trn worth of FDI proposals from bordering nations, half cleared (03-12-2023)
The government has received foreign direct investment (FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said.
The remaining are either pending or withdrawn or rejected by the government.
In April 2020, the government came out with a press note under which the Centre made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following the COVID-19 pandemic.
Countries which share land borders with India are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.
As per that decision, FDI proposals from these countries need government approval for investments in India in any sector.
After that press note, "proposals worth about Rs one lakh crore have come in and in that, 50 per cent have been cleared and the rest are either pending or withdrawn o
M-cap of 9 of 10 most valued firms up Rs 1.30 trn; Airtel, TCS gain (03-12-2023)
The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities.
Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent.
Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation.
Bharti Airtel's valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore.
The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore.
HDFC Bank added Rs 17,881.88 crore, taking its market valuation to Rs 11,80,588.59 crore.
ITC's mcap climbed Rs 15,159.02 crore to Rs 5,61,159.09 crore and that of Bajaj Finance soared Rs 14,480.29 crore to Rs 4,48,446.82 crore.
The valuation of ICICI Bank surged Rs 12,085.42 crore to Rs 6,63,370.71 crore and that of Hindustan Unilever ad
Mkts to focus on state elections outcome, RBI’s rate decision: Analysts (03-12-2023)
Global trends, trading activity of foreign investors, outcome of state elections and RBI's interest rate decision are the major factors that will drive the movement in the domestic equity markets this week, analysts said.
"Global markets are currently in a fabulous mood. The US 10-year bond yield and the dollar index are also cooling off, which gives strength to the market. These factors will be closely monitored, as they have the potential to influence market sentiment," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
On the political front, the results of assembly elections in five states are eagerly anticipated, Gour said.
"A stable political environment could boost investor's confidence and drive the markets higher. Domestic and global macroeconomic data, trends in global stock markets, the movement of the rupee against the dollar, and crude oil will also dictate trends," he added.
From the macroeconomic data front, PMI (Purchasing Managers' Index) data fo