Adani Ports and Special Economic Zone (APSEZ) expects to handle 400 million metric tonne (MMT) of cargo in FY24, beating its earlier guidance of 370-390 MMT for the year. The country’s largest private port operator recorded cargo volumes of 35.65 MMT in December, a 42% rise from the same period last year. The Adani group […]
Continuity theme at Kotak BankContinuity theme at Kotak Bank
In its analysis, ICICI Securities says the decision of Uday Kotak to step down from an executive role around 4 months ahead of the scheduled term has come as a somewhat negative surprise. Important to note is that Kotak would still remain associated with the bank as a non-executive director (thereby ensuring continuity). The key […]
Firms get flexibility on borrowing via bondsFirms get flexibility on borrowing via bonds
The Securities and Exchange Board of India (Sebi) said on Thursday it would grant more flexibility to large companies for incremental borrowing via bonds, and has decided to remove penalties on companies which were unable to meet the mandatory bond market borrowing quota. The decision was taken at the board meeting of the Securities and […]
Nifty above 19700 can negate bearish patterns, could target 20k; buy these stocks to pocket short-term gainsNifty above 19700 can negate bearish patterns, could target 20k; buy these stocks to pocket short-term gains
By Nagaraj Shetti After showing weakness amidst range movement on Tuesday, the Nifty witnessed sharp upside recovery from the intraday lows on Wednesday and closed the day higher by 61 points. A reasonable positive candle was formed on the daily chart with a long lower shadow. Technically this pattern indicates a formation of bullish hammer […]
HCL Tech’s share surges over 3% following Q2 results; Should you buy, sell or hold the stock?HCL Tech’s share surges over 3% following Q2 results; Should you buy, sell or hold the stock?
HCL Technologies’ share price surged 3.49% to Rs 1,266.50 during the intra-day trade on Friday, a day after the IT firm reported a 9.8% growth in consolidated net profit, amounting to Rs 3,832 crore, in the second quarter of the current fiscal year. The company’s consolidated revenue from operations surged by over 8% to reach […]
Signature Global sees strong debut; lists over 15% premium on bourses; Should you hold or book profit?Signature Global sees strong debut; lists over 15% premium on bourses; Should you hold or book profit?
Signature Global shares listed at 15.32 % premium over IPO price on bourses amid negative domestic market. The share debuted at Rs 444 on the NSE, as compared to the issue price of Rs 385. The investors have made a profit of Rs 59 per share as the scrip gave more than 15% return to […]
Sebi notifies stricter delisting rules for non-convertible debt securitiesSebi notifies stricter delisting rules for non-convertible debt securities
With an aim to protect investors’ interest, Sebi has notified a new framework prohibiting listed entities, with more than 200 non-QIB (qualified institutional buyer) holders of non-convertible debt securities, from delisting voluntarily.Under the new rule, the listed entity will have to obtain permission from all holders of non-convertible debt securities within 15 working days of […]
Sebi limits ban on Subhash Chandra, Punit Goenka to Zee entitiesSebi limits ban on Subhash Chandra, Punit Goenka to Zee entities
The Securities and Exchange Board of India (Sebi) on Monday modified its order against Subhash Chandra and Punit Goenka, and barred them from holding the post of director or key managerial personnel in four Zee group companies as well as in the merged entity of Zee Entertainment (ZEEL) and Sony Pictures Networks India till further […]
Bond yields seen rising as jump in US peers, local inflation hurtBond yields seen rising as jump in US peers, local inflation hurt
The government bond yields are expected to rise sharply in the early session on Thursday, tracking the U.S. peers, while local inflation jumped the most in 15 months. The benchmark 7.26% 2033 bond yield is likely to be in the 7.23-7.27% range after ending the previous session at 7.2034%, a trader with a primary dealership […]
Stock market today: Top global cues to watch out forStock market today: Top global cues to watch out for
Mixed global cues are coming in for the Indian markets. Asian markets have been trading broadly negative during the early trade on Monday. The GIFT Nifty indicated that the markets may witness a flat opening. The GIFT Nifty futures stood at 19,222 points. A Reuters report suggests that investors are seeking signals about the Federal […]