Shares of all the 11 listed companies ended lower on Tuesday, falling between 1% and 7% after Fitch Ratings put some Adani Group bonds under its negative watchlist.
Posts in category Economic Times
Successor to ‘Big Bull’ plays to her strengths (27-11-2024)
Two years after the death of India’s biggest wealth creator in the stock markets, the family believes the time has come to take his legacy forward in a more diversified manner because what worked for him needn’t work for her.
Adani companies’ outlook revised to negative (26-11-2024)
Seven companies within the group got their outlook lowered by Moody’s. These include Adani Green Energy Ltd (AGEL), which is cited in the indictment, Adani Ports and Adani Transmission, among others.
RBI injects Rs 6,956 crore as liquidity turns to deficit (26-11-2024)
India’s banking system faced a cash crunch. The Reserve Bank of India added funds to ease the situation. This followed negative balance of payments and foreign investor outflows. The RBI sold dollars to bolster the rupee. Trade deficit widened, and deposit growth slowed. These factors contributed to the liquidity deficit. Borrowing costs for banks and companies increased.
Morgan Stanley buys shares worth Rs 3.74 crore in this smallcap stock via block deal (26-11-2024)
Morgan Stanley bought 6.7 lakh shares in Niyogin Fintech at Rs 55.65 per share via a block deal. Think India Opportunities Master Fund LP was the seller. The stock surged 15% on the news. Niyogin Fintech has a market cap of Rs 591.87 crore.
Sebi modifies interim directions for Axis Capital in merchant banker norms violation case (26-11-2024)
Sebi on Tuesday modified its interim order prohibiting Axis Capital Ltd from engaging in any transactions in the debt segment that involve providing credit risk cover, guarantees and indemnities for the purchase of pledged shares until further notice. Sebi, in its interim order in September, prohibited Axis Capital from undertaking new assignments as a merchant banker, arranger, or underwriter for debt securities until further notice.
Ahead of Market: 10 things that will decide stock market action on Wednesday (26-11-2024)
Indian markets ended lower on Tuesday, breaking the two-day winning streak. Selling pressure in auto and pharma stocks weighed on the indices. The market took a pause after a recent rally. FIIs have turned net buyers, and the government’s focus on execution and budget plans could be positive. However, the market remains cautious.
Market Trading Guide: Bharat Dynamics, Birlasoft are among 4 stock recommendations for Wednesday (26-11-2024)
Indian benchmark indices closed lower on Tuesday, breaking the two-day winning streak. The Nifty is trading in a range between the 21-EMA and 55-EMA. Short-term trend remains positive, with 23,950-24,000 acting as support and 24,500 as resistance. A decisive move above 24,500 could trigger a further rally.
FIIs reverse selling trend with purchase of domestic equities worth Rs 11,100 crore in two sessions (26-11-2024)
Foreign investors have reversed their selling trend and bought Indian equities worth Rs 11,100 crore in the last two sessions. This comes after 38 consecutive sessions of selling. The BJP’s victory in Maharashtra elections and a possible pause in US Fed rate hikes have boosted investor sentiment. However, domestic institutional investors (DIIs) remain net sellers.
S&P 500, Nasdaq open higher as investors assess Trump’s tariff threats (26-11-2024)
The benchmark S&P 500 and the Nasdaq opened higher on Tuesday, with investors assessing Donald Trump’s tariff pledges on top trade partners of the U.S. and awaiting minutes from the Federal Reserve’s latest meeting.