SpiceJet shares surged by up to 6% after completing a Rs 3,000 crore Qualified Institutional Placement, attracting global investors. The airline aims to have 100 aircraft by the end of 2026 and plans to return its grounded planes to service. Additional funding will help enhance operations and fleet expansion.
Posts in category Economic Times
Huge risk taking or strategic positioning unlikely, tactical moves possible ahead of US elections: Mitul Kotecha (23-09-2024)
Mitul Kotecha from Barclays discusses the impact of the recent 50 bps rate cut by the US Fed. While the initial market reaction was positive, concerns remain about China’s economic activity, geopolitical tensions, and upcoming US elections. The focus will be on US jobs data and global manufacturing resilience in the coming weeks.
These 5 F&O stocks saw a high increase in futures open interest (23-09-2024)
T.his uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market
Hot stocks: Brokerages on Chola Finance, Glenmark Pharma, Indegene and Indus Towers (23-09-2024)
Top brokerage firms have shared their latest stock recommendations. Investec has given a buy rating to Chola Finance and Glenmark Pharma, while Citi maintains a buy call on Indus Towers. Nomura has initiated coverage on Indegene with a neutral rating. These insights are sourced from ETNow and other outlets.
Vodafone Idea shares surge 10% after $3.6 billion deal with Nokia, Ericsson, and Samsung (23-09-2024)
Vodafone Share Price: Vodafone Idea’s shares rose 8.3% after announcing $3.6 billion deals with Nokia, Ericsson, and Samsung for telecom equipment over three years. This marks the first step in their Rs 55,000 crore capex plan to expand 4G coverage and launch 5G in key markets.
Bulls March Ahead! Sensex surges over 250 pts to fresh peak; Nifty tops 25,900 for the 1st time (23-09-2024)
Indian benchmark equity indices reached new record highs on Monday, led by gains in Bharti Airtel, M&M, and HDFC Bank. The BSE Sensex rose by 287 points to 84,831, while the Nifty50 increased by 100 points to 25,891. Optimism about a potential soft landing for the US economy fueled market sentiment.
Finolex Industries and 3 other stocks close below VWAP (23-09-2024)
On September 20, the closing prices of four stocks dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
Gold Price Today: Gold gains nearly Rs 800/10 gm in 1 week; silver rises Rs 600/kg (23-09-2024)
On Friday, gold and silver settled on a positive note in the international as well as the domestic markets. Gold October futures contract settled at Rs 74,040 per 10 grams with a gain of 0.82% and silver December futures contract settled at Rs 90,135 per kilogram with a gain of 0.19%.
What are ‘dal chawal’ mutual funds? Edelweiss CEO Radhika Gupta busts the myth (23-09-2024)
Edelweiss Mutual Fund CEO Radhika Gupta suggests investors design portfolios like an Indian ‘dal chawal thaali’, with 80% in stable, digestible funds and 20% in thematic ones. She emphasizes simplicity and understandability in investments, recommending multi-caps, flexicap, hybrid, balanced advantage, and index funds as good examples of ‘dal chawal’ funds.
Vodafone Idea and 3 other stocks closed above VWAP (23-09-2024)
On September 20, the closing prices of four stocks from the Nifty200 pack rallied over 1.5% relative to the VWAP.