Posts in category Economic Times
2 bank stocks Hemant Shah is bullish on for near term (13-06-2024)
Specifically in largecap sectors, we are focused on the telecom space per se and in the midcaps, we believe in visibility, validation and valuation. So, where valuation comfort is there, we have invested; where there is visibility, we have invested. And if you ask me, we have also invested in few PSUs, though the valuations are not at all cheap nowadays, but still we have been holding it since we have entered at a good price and a good time.
Government’s focus on housing and infrastructure to continue: Karthik Srinivasan (13-06-2024)
As I said in terms of GDP growth, we do expect the country to continue in 6.5% to 7% kind of growth rates for next couple of years
Oil slips on US growth worries, ample crude supply (13-06-2024)
Oil prices fell as U.S. Federal Reserve maintained interest rates, impacting market sentiment. Concerns over supply disruptions and ceasefire negotiations in Gaza added volatility to the market.
US stocks hit record highs, dollar pares losses after CPI, Fed decision (13-06-2024)
S&P 500 and Nasdaq reached record highs as U.S. Treasury yields fluctuated after the Fed's unchanged rates decision.
DEE Development IPO Opens June 19 (13-06-2024)
DEE Development Engineers, headquartered in Haryana, unveils its 418 crore IPO with a price band of 193-203 per share, opening for subscription on June 19 till June 21. The offering comprises a fresh issue of 325 crore and an offer for sale of 93.01 crore by existing shareholders, allowing investors to subscribe for a minimum of 73 equity shares.
Ixigo parent’s IPO subscribed 98.1x (13-06-2024)
Le Travenues Technology's IPO, backing online travel giant Ixigo, garnered massive interest, oversubscribed by 98.1 times, with retail, institutional, and high-net-worth investors showing overwhelming demand, signaling robust market enthusiasm.
GIFT Nifty rises 90 points; here’s the trading setup for today’s session (13-06-2024)
Nifty scaled fresh highs but saw profit booking. SGX Nifty signals a positive start. Tech View warns of a downward correction. Nagaraj Shetti expects selloff below 23200 levels. Global markets show mixed movements. Oil prices fell. Stocks in F&O ban today include Balrampur Chini Mills, SAIL, and India Cements.
Adani Airport raises RS 150 cr via bond issue (13-06-2024)
Adani Airport Holdings raises ₹150 crore debt at 9.95% for capital expenditures and transaction costs, issued senior secured non-convertible debentures maturing in June 2028.
RBI’s ASISO system faces glitch (13-06-2024)
The RBI faced a technical glitch in the Automatic Sweep-In and Sweep-Out (ASISO) facility, impacting banks' funds visibility. Daily money market data publication was delayed. The RBI is resolving the issue to reconcile banks' outstanding transactions. Market participants, bank treasury executives, and sources are monitoring the situation. The glitch occurred before the usual 9 a.m. data publication time.