Long unwinding occurs when traders sell positions or stocks held for a longer period, often to book profit or exit due to anticipated bearishness. Five stocks witnessed long unwinding on Wednesday.
Posts in category Economic Times
18 of top 30 IPOs by size have failed to generate excess returns: Capitalmind (16-10-2024)
A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have actually resulted in losses for investors. The most striking example is Reliance Power, which launched its massive Rs 11,700 crore IPO in February 2008. Despite the initial hype, the stock has plummeted by over 80% from its issue price of Rs 450, leaving investors with significant losses. This serves as a stark reminder that even high-profile IPOs can fail to deliver on their promises.
New settlement mechanism for FPIs to lead to efficiency gains of Rs 2,000 crore per annum: Sebi (16-10-2024)
Sebi’s new settlement mechanism for FPIs, effective from September 9, 2024, aims to enhance operational efficiency by issuing tax certificates for FPI sale trades on ‘T+1’ day, potentially generating efficiency gains of around Rs 2,000 crore per annum.
BlackRock in talks with Jio Financial Services for India private credit venture (16-10-2024)
BlackRock Inc., the world’s largest asset manager, is negotiating with Mukesh Ambani’s Jio Financial Services to establish a 50-50 joint venture focused on private credit in India. This venture aims to lend to a range of businesses, from large corporations to startups. If finalized, it would mark BlackRock’s third collaboration with Ambani’s firm.
L&T Technology Services, Bajaj Finserv among 5 stocks with short covering (16-10-2024)
Short covering occurs when traders buy back previously sold short shares, often leading to a price increase. Five stocks saw short covering on Wednesday, resulting in a decrease in open interest.
Gold hits fresh record high of Rs 78,900 per 10g in Delhi (16-10-2024)
Gold prices touched a new all-time high of Rs 78,900 per 10 grams in the national capital on Wednesday, gaining Rs 250 due to sustained buying by jewellers, according to the All India Sarafa Association. The precious metal had closed at Rs 78,650 per 10 grams in the previous session on Tuesday.
Stock market update: Fertilisers stocks up as market falls (16-10-2024)
The 30-share BSE Sensex closed down 318.76 points at 81501.36
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (16-10-2024)
Trent, M&M, Infosys, Hero MotoCorp and Adani Ports SEZ were among the top losers on NSE in today’s trade.
Global investor interest in India private capital is growing: Preqin reports (16-10-2024)
India’s economy shows impressive growth, with private capital fund AUM doubling to $124.3bn by 2023. Key areas include venture capital resilience, private equity stability, significant private debt growth, real estate potential, and infrastructure investment driven by government spending and regulatory improvements.
Cochin Shipyard OFS subscribed by over 2 times on Day 1. Check details (16-10-2024)
Cochin Shipyard OFS was subscribed 216.25% by non-retail investors on the first day. The offer will open for retail investors and employees on Thursday. The government intends to offload its 5% stake in the company at a floor price of Rs 1,540 per share.