National Stock Exchange (NSE) has retained Nifty weekly options contract while letting go Nifty Bank, Nifty Midcap Select and Nifty Financial Services, in line with the Sebi circular which mandates exchanges to provide derivatives contracts for only one of its benchmark index with weekly expiry, from November 20, 2024.
Posts in category Economic Times
Ahead of Market: 10 things that will decide stock action on Friday (10-10-2024)
Indian indices closed slightly higher on Thursday, with financial stocks gaining and IT shares declining. However, higher-than-expected US inflation data may negatively impact Friday’s trade. Analysts predict a sideways trend with support at 24,950-24,900 and resistance at 25,150-25,400.
RBI approves Partha Sengupta as Bandhan Bank MD & CEO (10-10-2024)
Partha Pratim Sengupta will become the new managing director and CEO of Bandhan Bank. The Reserve Bank of India has approved his appointment for three years starting no later than November 10, 2024. The bank also completed a forensic audit on its insurance claims, resulting in a payout of Rs 1,231.29 crore.
Market Trading Guide: Smallcap Usha Martin, 2 more stocks are recommendations for Friday (10-10-2024)
Indian indices opened higher but closed near lows, weighed down by pharma, IT, and healthcare stocks. Nifty closed at 24,998.5, down 0.07%. Sensex closed 0.18% higher at 81,611.4. Nifty has been failing to reclaim 50-EMA for the last two days, indicating prevailing weakness. Support at 24,950-24,900, resistance at 25,150.
TCS maintains headcount momentum but profitability takes hit amid deal ramp ups (10-10-2024)
On the positive side, the traction in new deals for the banks, financial services, and insurance (BFSI) vertical showed improvement and headcount increased year-on-year for the first time in five quarters. Given the seasonal weakness in the remaining two quarters of the current fiscal year, the overall growth and margin trajectory may show stress on a full year basis, which may weigh on the company’s stock price in the near term.
‘Buy India’ bonds chorus grows as demand outstrips supply (10-10-2024)
India’s bond market is facing a supply shortage due to government debt buybacks and reduced borrowings. This comes despite strong demand driven by recent inclusion in global debt indexes and potential rate cuts.
Goldman Sachs sells ideaForge shares worth Rs 43 crore via block deal. Citi buyer at Rs 44 crore (10-10-2024)
Goldman Sachs sold 6.5 lakh shares in Ideaforge Technology for Rs 43 crore, while Citigroup bought 6.65 lakh shares for Rs 44 crore. Ideaforge shares ended down 1% at Rs 678. It is a vertically integrated company that designs, develops, and manufactures UAVs.
Hyundai IPO: How the second largest car maker is planning to take on its nemesis Maruti Suzuki? (10-10-2024)
Hyundai Motor India aims to challenge Maruti Suzuki with benchmark products and premiumization. The company’s IPO opens on October 15, priced at Rs 1,865-1,960 per share. Proceeds will go to the Korean parent.
Sebi extends deadline to implement direct pay-out of securities to clients’ demat a/c to Nov 11 (10-10-2024)
Markets regulator Sebi on Thursday extended the deadline to implement guidelines mandating the direct pay-out of securities to clients’ demat accounts to November 11. This rule was originally set to take effect on October 14.
Tata Elxsi Q2 Results: PAT rises 14% YoY to Rs 229 crore; revenue up 8% (10-10-2024)
Tata Elxsi reported a 14% increase in net profit at Rs 229 crore for the second quarter. Revenue from operations grew by 8% to Rs 955 crore. Growth was driven by strong performance in emerging markets, particularly in transportation. A $50 million deal with a global OEM also contributed. Media and healthcare segments saw some declines.