Aam Aadmi Party MP Raghav Chadha has confirmed that AAP will contest the upcoming Delhi elections without an alliance with Congress. He stated that AAP can defeat BJP in Delhi on its own. Chadha also categorizes Indian elections into two: where regional parties like AAP can defeat BJP alone and where Congress needs alliances to win.
Heavyweight sell-off drags benchmarks lower, broader market climbs (09-10-2024)
The domestic equity benchmarks snapped early gains to close slightly lower on Wednesday, as the Reserve Bank of India (RBI) maintained its key policy rates. The Nifty50 struggled to break above the 25,200 resistance level, with a late sell-off in heavyweight stocks dragging the index lower. The broader market outperformed, with mid and small-cap stocks advancing. Pharma and realty shares led the way, while FMCG and energy stocks corrected.
ValueQuest Moat Fund has invested in 1.17% of MSTC worth ₹59 Cr. (09-10-2024)
ValueQuest Moat Fund has invested in 1.17% of MSTC worth ₹59 Cr. Govt holds 65%. M-Cap is ₹4900 Cr. Co earns by conducting auctions (e-commerce) for other PSUs & Govt Depts. Scrap recovery is a main business. RoCE is 37%, RoE is 27%, Dividend yield is 2.4%. Co is net debt-free
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Rashtriya Chemical mandates Larsen & Toubro to set up complex fertilizer plant at Thal (09-10-2024)
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Jash Engineering – Is it a multibagger (09-10-2024)
Just to let you know, promoter is not interested selling products in India…given the long delayed projects in India…he explicitly called it in concalls…
Sensex ends 168 pts down on selling in index majors (09-10-2024)
Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy review. Erasing its early gains, the 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. During the day, it surged 684.4 points or 0.83 per cent to hit an intra-day high of 82,319.21.
IRCTC, Ambuja Cements among 5 stocks with short covering (09-10-2024)
Short covering occurs when traders buy back previously sold short shares, often leading to a price increase. Five stocks saw short covering on Wednesday, resulting in a decrease in open interest