Stocks in news: Domestic markets started the week positively, gaining nearly half a percent. Key stocks in focus include Reliance Power, Coal India, AstraZeneca India, PNB, and Power Grid due to various developments such as equity issuance, joint ventures, and regulatory approvals.
Posts in category Economic Times
Asian stocks rise on China stimulus optimism, Fed: Markets wrap (24-09-2024)
Asian stocks rose on optimism about potential stimulus measures from China, following positive comments from Federal Reserve policymakers. Japanese, South Korean, and Hong Kong markets saw gains. Investors are also awaiting key US economic data later this week. Meanwhile, oil prices edged higher amid geopolitical tensions in the Middle East.
Geopolitics is far more important than interest rates in US and Japan: JPMorgan CEO Jamie Dimon (24-09-2024)
In an interview with ET, Jamie Dimon, CEO of JPMorgan, emphasized that geopolitics will shape the global economy more than finance. He highlighted the resilience of the US dollar and discussed interest rate movements in the US and Japan. Dimon also addressed geopolitical risks, oil prices, and India’s economic progress under PM Modi’s leadership.
Bankers do a rethink on loans to Vi after SC rejection of AGR dues plea (23-09-2024)
The Supreme Court’s rejection of Vodafone-Idea’s curative petition on adjusted gross revenues has made banks hesitant to lend to the company. With liabilities now significantly increased, lenders are reassessing their positions. Private banks are cautious, while public sector banks may require a corporate guarantee from the Aditya Birla Group.
Gold strikes record high as Fed rate cut maintains bullish mood (23-09-2024)
Gold prices hit an all-time high on Monday, driven by positive market sentiment following the U.S. Federal Reserve’s interest rate cut and ongoing geopolitical tensions. Spot gold rose to $2,630.19 per ounce, with further gains expected due to economic and regional instability factors. Investors await more insights from Fed officials and upcoming U.S. inflation data.
PNB launches QIP to raise up to Rs 5,000 crore at Rs 103.75 per share (23-09-2024)
Punjab National Bank has launched a qualified institutional placement to raise up to Rs 5,000 crore at an indicative price of Rs 103.75 per share. The base deal size is Rs 2,500 crore, with the option to increase depending on demand. The bank’s board has set a floor price of Rs 109.16 per share for the sale.
PNB fixes floor price of Rs 109.16 per share for its share sale via QIP (23-09-2024)
State-owned Punjab National Bank (PNB) on Monday fixed a floor price of Rs 109.16 per share for its share sale through qualified institutional placement (QIP). The bank had taken board approval last year for raising up to Rs 7,500 crore via share sale in one or more tranches during 2024-25.
Ahead of Market: 10 things that will decide stock action on Tuesday (23-09-2024)
Indian indices hit new record highs for the third straight session, boosted by the US Fed’s rate cut. Analysts remain positive on the market’s outlook, with Nifty expected to rise towards 26,200. Support is at 25,700.
Market Trading Guide: Tata Motors, JSW Infra among 5 stock recommendations for Tuesday (23-09-2024)
Indian equity indices reached record highs for the third straight session on Monday, with the S&P BSE Sensex rising 0.45% to 84,928 and NSE Nifty50 surpassing 25,900. Analysts predict a positive trend, targeting 26,250 with support at 25,750.