Market Wrap: Sensex, Nifty snap six-day decline, boosted by HDFC Bank, Reliance (08-10-2024)
Indian benchmark equity indices S&P BSE Sensex and Nifty50 closed higher on Tuesday after six consecutive sessions of decline. The recovery was led by index heavyweights HDFC Bank and Reliance Industries, ahead of the central bank’s policy decision and domestic quarterly earnings.
Airtel and Nokia partner to cut mobile network emissions, shares trade flat (08-10-2024)
Key aspects of the collaboration include implementing zero-traffic, zero-watt operations, combining Nokia’s energy-saving features with Airtel’s AI/ML algorithms, and employing Nokia’s ReefShark System-on-Chip for enhanced energy efficiency
Rupee ends flat as RBI support helps counter global pressures (08-10-2024)
The Indian rupee remained mostly stable against the U.S. dollar due to the Reserve Bank of India’s interventions, despite negative influences such as rising U.S. bond yields, high oil prices, and equity outflows.
Hyundai Motor India Limited – HMIL (08-10-2024)
IPO Updates
Open : 15th Oct. 2024
Close : 17th Oct. 2024
Allotment : 18th Oct. 2024
Listing: 22nd Oct. 2024
Price band: 1900-1960
Lot Size, Retail : 7 shares (213720)
Lot Size, SHNI : 105 shares (205800)
Lot Size, BHNI: 511 shares (1001560)
Registrar : KFIN Technologies Limited
RBI to announce monetary policy tomorrow. Here’s what to expect from Shaktikanta Das (08-10-2024)
The IMF forecasted 3.2% global growth in 2024, but geopolitical tensions and economic instability threaten this. The US Fed cut interest rates by half a percentage point, while the ECB cut by 25 basis points. China’s central bank also implemented measures to stimulate its economy. India’s GDP grew 6.7% in Q1 FY25, outperforming globally. The RBI is expected to maintain its neutral stance and may not raise interest rates.
Suyog Telematics: Worth catching when its young? (08-10-2024)
How can issuing warrants at a 52% discount be a positive to existing shareholders. If you need money, do a rights issue or preferential placement at max. 25% discount. Looks like a major red flag.
EFC – Entrepreneurial Facilitation Centre (08-10-2024)
As per the results declared for Q4 FY 24, standalone entity employee expanses are only 1.37 crore while for consolidated it is more than 14 crores which looks ok. The above figure is for standalone not for subsidiaries it seems??