Posts in category Economic Times
Foreign investors sell shares worth Rs 1,004 cr in PNB Housing (21-06-2024)
General Atlantic Singapore Fund Fii Pte and Asia Opportunities V (Mauritius) offloaded ₹1,004.29 crore worth of PNB Housing shares in a major transaction on the NSE. Selling 1.27 crore shares at ₹786 each, they reduced their holdings from 9.82% and 9.88% as of March 31. The buyers included Morgan Stanley Asia Singapore PTE and BNP Paribas Financial Markets, as PNB Housing shares closed lower by 5.43% at ₹794.4 amidst recent gains of 7.27% over the past month.
Rupee at new low of 83.65 on strength in greenback (21-06-2024)
The Indian rupee weakened to a record low against the US dollar due to broad gains in the American currency and corporate outflows. The Reserve Bank of India intervened but refrained from significant action. The Chinese Yuan's weakness and corporate outflows also contributed to the rupee's decline, as noted by Shinhan Bank's vice-president.
GIFT Nifty signals a muted start for D-Street. Here’s the trading setup for today’s session (21-06-2024)
On Thursday, the stock markets ended with slight gains after trading positively throughout the day, supported by robust Foreign Institutional Investor (FII) activity and favorable macroeconomic conditions.
HDFC Bank plans infra bond swap for securities of parent HDFC Ltd (21-06-2024)
HDFC Bank plans to buy back bonds from HDFC Limited and replace them with new infrastructure bonds to reduce interest costs. The proposal requires approval from the Reserve Bank of India.
‘Mania’ could drive S&P to 6,000 before plunge, Stifel says (21-06-2024)
Stifel, Nicolaus & Co. predicts a potential 10% rally for the S&P 500 Index this year, reaching 6,000 by 2024. However, Barry Bannister warns of a subsequent drop to 4,800 by mid-2026, erasing 20% of its value.
Stocks in news: YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda (21-06-2024)
Equity indices soar with YES Bank's fundraising. IndiGo partners with Garuda for pilot training. Olympus Capital Asia to sell 5% of Aster DM Healthcare. ONGC appoints Devendra Kumar as CFO. Bank of Baroda appoints Chayani Manoj sundar as CFO.
Ahead of Market: 10 things that will decide D-Street action on Friday (20-06-2024)
Tejas Shah of JM Financial & BlinkX indicated that support for the Nifty was expected at 23,500 and the 23,300-350 range. On the upside, the immediate resistance zone was projected to be between 23,600-625 levels, with the next resistance zone anticipated at 23,750-800 levels.
Ahead of Market: 10 things that will decide D-Street action on Friday (20-06-2024)
Tejas Shah of JM Financial & BlinkX indicated that support for the Nifty was expected at 23,500 and the 23,300-350 range. On the upside, the immediate resistance zone was projected to be between 23,600-625 levels, with the next resistance zone anticipated at 23,750-800 levels.