Posts in category Economic Times
Nifty rides with bulls, can hit 24,600: Analysts (01-07-2024)
Stocks expected to show bullishness include Reliance, ICICI Bank, LIC Housing Finance, Grasim, Praj Industries, Biocon, Apollo Tyres, Tata Motors, and BEL. Consider a moderately bullish strategy using a Bull-Call Spread for the July 4 weekly expiry.
Valuations of some infra stocks at 2006-2008 high levels (01-07-2024)
After the blistering rally in 2004-2008, most of these stocks started crashing in January 2008 triggered by the Global Financial Crisis (GFC). The recovery in infrastructure and construction-related stocks began only in 2020-2021 though many of them are still far away from their 2007-08 peaks.
Fresh capital raised via IPOs surges to a 9-year high, hints at private capex revival (30-06-2024)
Of the ₹33,610 crore raised by 37 companies so far in 2024, about 45%, or ₹15,190 crore, were through new shares, the highest proportion since 2015, when India Inc. raised nearly 48% fresh capital, according to data from primedatabase.com. The funds raised as fresh issues in 2024 were to either finance capital assets or retire existing debt obtained to build capacities, according to IPO documents.
Incomplete transmission could delay rate reversal by RBI (30-06-2024)
High food inflation and incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay the Reserve Bank of India's (RBI) rate cut. Transmission through loan and deposit rates varied between 111 and 245 bps until May 2024, except for loans linked to external benchmarks, which had immediate full transmission.
RBI aims to get inflation down to 4%, don’t expect any rate cut this year: Amitabh Chaudhry, MD, Axis Bank (30-06-2024)
Axis Bank aims for sustained growth through NIM enhancement, market share expansion, and compliance strengthening under CEO Amitabh Chaudhry's leadership.
Tight liquidity forces banks to tap debt markets, shell out more (30-06-2024)
"To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, exacerbated in the month of May because government spending was restricted during the Union election," said Soumyajit Niyogi, director at India Ratings & Research.
Banks scanning proprietor A/Cs to spot ‘money mules’ (30-06-2024)
Banks intensify scrutiny on new accounts to combat mule activities, adapting to evolving fraud tactics like forming private companies. Vigilant measures include verification visits, latitude data, and washout logic analysis to deter money laundering and digital frauds in the financial system.
For people’s man Challa Sreenivasulu Setty, the challenge is to take high-flying SBI to newer heights (30-06-2024)
Challa Sreenivasulu Setty's upcoming role as the chairman of State Bank of India follows a period of remarkable growth under Chairman Khara's leadership, marked by a substantial increase in the bank's stock price and improved asset quality.
Ahead of Market: 10 things that will decide D-Street action on Monday (30-06-2024)
Having moved up sharply Nifty is currently facing hurdles at the resistance of 24,000-24,100 levels. Any dip from here is likely to be a buying opportunity. Immediate support is at 23,800 levels, said Nagaraj Shetti of HDFC Securities.
Market Trading Guide: Deepak Nitrite, Bata India among 5 stock recommendations for Monday (30-06-2024)
Analysts attribute India's optimism about the upcoming Union Budget and upgraded GDP forecasts as continuing drivers of momentum in the market.