Is the stock in distribution phase now? So many analysts upgraded it
Bandhan Bank – in a sweet spot? (29-10-2024)
Stock Market Live Updates October 29, 2024: Stock to buy today: Rainbow Children’s Medicare (₹1,498.10): BUY (29-10-2024)
Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Rainbow Children’s Medicare. The stock has begun the week by surging over 5 per cent on Monday breaking above the ₹1,450-₹1,470 resistance zone. Indeed, the stock has been moving up well since the middle of last week itself when the broader markets were falling. The region around ₹1,470 will now act as a very good resistance-turned-support. Intermediate dips are likely to get fresh buyers at lower levels.
Asian shares fluctuate with focus on US election (29-10-2024)
Shares rose in Sydney while Tokyo stocks were little changed and futures pointed to gains in Hong Kong. US futures were steady after most major groups in the S&P 500 gained at the start of the busiest week for corporate earnings.
Pre-market action: Here’s the trade setup for today’s session (29-10-2024)
Nifty could now rise to face resistance at 24,567, while the 24,073-24,135 band could offer support in the near term. Sustenance of this upmove over the next few days will be crucial to lead to the return of buying interest from all classes of investors, said Deepak Jasani of HDFC Securities.
Sree Rayalaseema Hi-Strength Hypo Ltd (29-10-2024)
Water treatment companies rallying like crazy but the chemical companies which treat the water are not. Take a look at chembond chemical or florochem. Their revenues also stubbed. Seems there’s something we missing.
Stocks in news: Maruti, Adani Enterprises, Adani Ports, Airtel, Tata Power, HDFC Bank (29-10-2024)
Shares of Bharti Airtel are expected to be in focus on Tuesday as the company reported strong Q2FY25 earnings though they were below Street’s estimates.
IDFC First Bank Limited (29-10-2024)
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He maintained that the bank would continue to support the non-banking financial institutions (NBFCs), which are facing regulatory action from the Reserve Bank of India (RBI). He stopped short of taking the names of the four NBFCs, which are in the RBI’s crosshairs.
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He expressed confidence that these lenders would get back on their feet once the ban is lifted. “Yes. We do have exposure to some of these names. However, we have confidence in them. We don’t want to chase them when their chips are down. We want to support them through this tough period. I’m sure they will take necessary precautionary measures and normalcy will be restored soon,” Vaidyanathan added.
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Source:
https://www.moneycontrol.com/news/business/banks/mc-exclusive-dont-want-to-chase-banned-nbfcs-down-when-their-chips-are-down-v-vaidyanathan-md-ceo-idfc-first-bank-on-a-few-nbfcs-faced-with-regulatory-action-12852243.html
Highly rated corporates gain Bond Street Cred (29-10-2024)
Yields on a 10-year AAA corporate bond are now below 7.20%, while the 10-year government security (G-sec) yields 6.82% on a semi-annual basis, or 6.94% annualised.
Tata Capital plans to raise $500-million debt overseas (29-10-2024)
Investor meetings are scheduled for mid-November across Singapore, Hong Kong, and London. Standard Chartered, HSBC and BNP Paribas are arranging investor calls, said a source.
PNB Housing plans to raise $125 million in ECBs (29-10-2024)
On a sequential basis, for the overall portfolio, the cost of borrowing declined by 8 basis points in the September quarter, supported by a credit rating upgrade that enabled PNB Housing Finance to raise debt in the debt capital markets at a lower cost.