Adani Group stocks are likely to attract attention on Tuesday after GQG Partners, led by Rajiv Jain, reiterated its support for its Adani investments despite a $265 million bribery scandal involving Adani Green Energy employees in the US.
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Capital markets to continue to surprise on upside; 3 big trends to bet on: Navneet Munot (26-11-2024)
India’s economy is poised for growth. The government is emphasizing manufacturing and infrastructure development. Public and private capital expenditure will increase. The reliance on foreign investments is declining. Domestic capital markets will expand. Mutual funds and SIPs are gaining popularity. The financialization of savings is a key trend. These factors contribute to a positive outlook for the Indian economy.
Stock Market LIVE Updates: GIFT Nifty hints at quiet start as Asia mixed; RIL, Adani shares in focus (26-11-2024)
Stock Market LIVE: Indian equities likely to start Tuesday’s trading session on a quiet note amid mixed cues from Asian peers; Meanwhile, US-based Dow Jones and the S&P 500 closed at record highs.
Positive Breakout: These 7 stocks close cross above their 200 DMAs (26-11-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Pre-Budget hype drives PSU sectors, but challenges persist: Ajay Bagga (26-11-2024)
So, I would not get carried away by today’s move. We will have to wait and watch for follow-on moves. But it is a very important state.
Is market recovery sustainable? It is back to fundamentals now, says Daljeet Kohli (26-11-2024)
Daljeet Kohli, Head of Equities at Roha Asset Managers LLP, notes a decline in growth momentum across sectors due to factors like erratic rainfall and elections. Full-year estimates have been lowered, with downgrades exceeding upgrades. Kohli suggests Q2 may have been an anomaly for consumption, anticipating a rebound driven by the festival season and rural growth.
Fitch places some Adani bonds on negative watch after US bribery charges (26-11-2024)
Fitch downgraded the outlook on some Adani bonds to negative. US authorities indicted Adani executives on bribery charges. TotalEnergies paused Adani investments. Adani denies the allegations. Adani bond prices stabilized after initial falls. The US Securities and Exchange Commission filed a parallel civil case.
Zomato shares in focus as QIP launches with floor price set at Rs 265.91 per share (26-11-2024)
Zomato launches a QIP to raise funds. The company aims to expand Blinkit’s footprint. Zomato plans to increase dark stores. It will also invest in advertising and marketing. Rivals Swiggy and Zepto have also raised capital. Zomato aims to strengthen its position in the competitive market. The company recently reported increased revenue and profit.