Foreign portfolio investors turned net sellers at Rs 9,947 crore on Monday. DIIs bought shares worth Rs 6908 crore.
Posts in category Economic Times
Citi upgrades RIL to ‘Buy’, sees 18.5% upside (26-11-2024)
The firm raised its target price on the stock to ₹1,530, indicating an upside potential of 18.5% from Monday’s closing price of ₹1,290.95. The stock gained 2% on Monday while the benchmark Nifty rose 1.32%.
Delayed government payments hit cos’ operating cash flows in H1 (26-11-2024)
Discretionary, materials and industrials sectors were hit the hardest, facing weaker cash flows alongside rising capex. The slowdown in OCF is largely attributed to delayed government payments, according to analysts.
Vedanta seeks up to $1.2 billion via bonds to refinance debt (26-11-2024)
The bonds are raised through its issuing entity Vedanta Resources Finance II PLC. The bonds are fixed-rate senior unsecured guaranteed notes issued under 144A/Regulation S. The company gave initial price guidance of 10.375%, but was able to close the 3.5-year bond at 10.25% and 7-year bond at 11.25%.
‘Buy the Dip’ in large-cap stocks, FII flows unlikely to return soon (26-11-2024)
Bharti Airtel, Maruti Suzuki India, Avenue Supermart (Dmart), Reliance Industries, Axis Bank, IndusInd Bank, Larsen & Toubro, TCS, NTPC and Power Grid Corp are among the large-cap stocks in its buy list.
Indices continue climb on ballot of sentiment (25-11-2024)
Five of 11 Adani stocks closed down on Monday, with Adani Green Energy, cited in the US Department of Justice indictment, falling 9.2%, hitting its 52-week intraday low. The stock has declined 31.4% since the Adani corruption indictment became public last week.
Aviom India Housing hit by fraud, to delay lender payments (25-11-2024)
The fraudulent transactions have affected Aviom’s cash flows, which will impact repayment capabilities, the people said. The housing finance company, founded by Kajal Ilmi, has built a loan book of Rs 1,752 crore by the end of March 2024 and catered to underserved masses with a focus on women borrowers.
Macy’s shares drop 3.5% after it delays quarterly results on finding employee hid millions in delivery expenses (25-11-2024)
Macy’s delayed its third-quarter results after uncovering an employee’s concealment of $132 million to $154 million in delivery expenses. Preliminary sales figures missed Wall Street expectations, and the company’s stock dipped. An internal investigation is underway, with full results and a revised outlook expected by December 11. Despite this, Macy’s CEO expressed optimism about the upcoming holiday season.
Gold tumbles 3% on reports of Israel-Hezbollah ceasefire, US Treasury pick (25-11-2024)
Gold prices tumbled nearly 3% on Monday. A possible Israel-Hezbollah ceasefire eased geopolitical worries. Scott Bessent’s Treasury nomination also impacted gold. The precious metal lost its safe-haven allure. Traders now eye the Federal Reserve’s November meeting minutes and economic data. These will offer clues about future interest rate decisions. Other precious metals like silver, platinum, and palladium also declined.
Ahead of Market: 10 things that will decide stock market action on Tuesday (25-11-2024)
Indian markets rallied Monday on BJP’s Maharashtra election win, with Sensex gaining 992.74 points to 80,109.85 and Nifty rising 314.65 points to 24,221.90. Analysts noted improved sentiment as Nifty crossed 21 EMA, with bullish RSI signals.