Posts in category Economic Times
Traders like a ‘volatile & unpredictable’ Trump (28-06-2024)
With he and President Joe Biden running neck-and-neck ahead of their first debate Thursday night, investors have already been trying to game out how the Republican's return to the White House could affect everything from the electric-vehicle industry to the direction of long-term interest rates.
Sebi approves stricter norms for inclusion of individual stocks for derivative trading (27-06-2024)
The criteria for exit would apply to only those stocks which have completed at least six months from the month of entry into the derivative segment. while for existing stocks in the derivatives segment, the exit criteria on the basis of performance would be applicable three months after the date of issuance of circular, Sebi said.
UltraTech buys 23% stake in India Cements (27-06-2024)
UltraTech, the Aditya Birla Group cement maker and the country's largest, bought 70.6 million shares of India Cements as a "non-controlling financial investment" at up to Rs 267 a share, the acquirer said in customary filings Thursday morning. UltraTech bought the shares from billionaire investor Radhakishan Damani, his family members and his investment firms Derive Investments and Derive Trading and Resorts.
Sebi streamlines process for public issue of debt securities (27-06-2024)
Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.
Goldman Sachs buys 6.28 lakh shares of Archean Chemical worth Rs 41 crore via block deal (27-06-2024)
The stock has returned 21% over the last year, underperforming the Nifty's 28%. However, it's currently trading above both its 50-day and 200-day moving averages, suggesting positive momentum.
Rupee appreciates 14 paise; closed at 83.45 per dollar (27-06-2024)
Currency traders expect a range of 83.25 to 83.75 to a dollar next week and expect the local currency to close around 83.30/$1 tomorrow after inflows from the index inclusion come in.
AU Small Finance Bank board okays plan to raise up to Rs 5000 crore via QIP, other modes (27-06-2024)
The borrowing can be done in one or more tranches, by issuing debt instruments such as bonds and non-convertible debentures, the bank said.
Promoters to sell a 2.04% stake in Polycab India on Friday (27-06-2024)
The promoters owned a 65.24% stake in the company as of March 31, 2024. Shares of Polycab have rallied 28% so far this year, compared to a 10% gain in the Sensex.
Ahead of Market: 10 things that will decide D-Street action on Friday (27-06-2024)
The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the near term.