The Nifty Pharma index was trading 0.65 per cent up at 23127.3.
Posts in category Economic Times
How will Mark Mobius invest $100 across asset classes & markets including India? (08-10-2024)
Mark Mobius, Chairman of Mobius Emerging Opportunities Fund, discusses his investment strategy. He recommends 90% of investment portfolios be in equities and 10% in gold. For global equity allocation, he suggests 20-30% each in India and Taiwan, and 10% each in China and Korea, with remaining investments in other emerging markets.
Sebi approves NSDL IPO, HDFC Bank to pare stake (08-10-2024)
Sebi has approved the IPO of National Securities Depository Limited (NSDL). The offer for sale will include 57,260,001 shares, with major stakeholders like IDBI Bank, NSE, and SBI reducing their stakes. NSDL is the largest depository in India. The company’s shares will be listed on BSE. Several banks and financial institutions are key stakeholders in this IPO.
IndusInd Bank, AU Small Finance Bank among 8 lenders that saw rise in NPAs in Q1 (08-10-2024)
Several banks, including IndusInd Bank, AU Small Finance Bank, Karnataka Bank, and Ujjivan Small Finance Bank, have reported higher non-performing assets (NPAs) for Q1 FY25 compared to Q4FY24. Investors with banking stocks should closely monitor these figures as the Q1 results approach to understand potential impacts on their portfolios.
Sensex rises 140 points, Nifty above 24,800 despite Middle East, China jitters (08-10-2024)
Indian equity indices S&P BSE Sensex and Nifty50 opened higher on Tuesday amid ongoing Middle East conflict, with the Sensex trading 145 points up and Nifty50 rising 24 points. Key market influences include upcoming RBI commentary and quarterly earnings. Early trading saw gains in M&M, SBI, HUL, and losses in Tata Steel and Ola Electric shares.
Fed made FIIs spend Rs 27,000 crore on bank stocks but China forcing a U-turn now (08-10-2024)
FIIs invested Rs 27,000 crore in Indian bank stocks after the US Fed’s rate cut. However, they reversed their investments due to China’s quantitative easing. This led to a drop in Nifty Bank index by 5% in early October. Investors are watching for RBI’s monetary policy decision on October 9.
Gold Price Today: Gold dips by Rs 500/10 gm in a week, silver remains flat (08-10-2024)
Gold prices have fallen by Rs 500/10 gram in the last one week, while silver prices have remained flat, gaining merely Rs 150/kg.
Should you buy OMC stocks amid rising crude oil prices, likely dismal Q2FY25? (08-10-2024)
After falling to a 14-month low in September, the oil prices have taken a u-turn amid growing tension between Israel and Middle East nations including Iran. On Monday, Brent oil prices shot-up to levels above $80 per barrel for the first time since August.
Lemon Tree Hotels shares in focus after signing license agreement for a hotel in Udaipur (08-10-2024)
Lemon Tree Hotels announced a new property in Ayodhya, set to open in FY 2028, managed by Carnation Hotels. On Monday, shares closed at Rs 113.9, down 3.5%, while the Sensex fell 0.78%. Year-to-date, shares are down 4% but up 122% over three years.