Adani FPO open from Friday: Dates, price band, review, other details in 10 points
The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.
Sensex puts a muted show, but 10 constituents give index-beating weekly returns
Further, the government is also widely expected to extend tax sops and incentives to more sectors and sub-sectors under the production-linked incentive scheme. In order to play on this theme, investors lapped up shares of the engineering behemoth, which is often viewed as Indias proxy to infrastructure development.
Next four quarters can be good for credit growth and good profitability for PSU banks: Neeraj Dewan
"In the power financial space, there is REC, PFC and they deserve a look because a lot of capex is happening in this category and there also the books have been cleaned. They are in a much better position to lend. REC, PFC can be looked at if we are playing the power story."
Sensex erases opening gains, tumbles 400 points from day's high
“Volatility is likely to be the hallmark in the near term amidst December F&O expiry this Thursday. Technically, Niftys major support is seen at the 17,407-17,567 zone with intraday support at 17,871. On the upside, Nifty will now face hurdles at the 18,221 mark, while confirmation of strength only if the index closes above the 18,473 mark,” Prashanth Tapse - Senior VP (Research) at Mehta Equities said.
The Sensex is trading at around 22 times its one-year forward earnings, compared with the historical average of 18-19 times, perhaps anticipating an uptick in corporate earnings ahead due to the fall in commodity prices, analysts said.
Markets near all-time highs but where is the return? PFs, debt given better returns: Ajay Srivastava
“The new-age tech concept is good but valuations are still crazy and we are seeing the rush is on. Smart people are selling them off. It is going to end and it is going to end pretty badly for lots of investors including institutional investors who even now are buying at this price. Do not catch a falling knife even if the return goes up. But it is a big falling knife and still has a long way to go.”
Power Grid Corporation: Q2 Results Preview – Asset capitalisation to aid revenue growth
The key factors to watch out include capex and capitalisation during the quarter; upcoming opportunities in the transmission space and update on diversification into smart metering, green businesses and data centre
Dalal Street resilient after Powell's hawkish tone
The BSE Sensex closed at 60,836.41, down 69.68 points or 0.11% from the previous close. The Nifty declined 0.17% or 30.15 points to end at 18,052.70 after losing more than 100 points at market opening. Both indices oscillated between gains and losses for most of the session with the Nifty briefly slipping below 18,000 in early trade.
Does Sun Pharma’s result indicate what to expect from the pharma sector?
“One should not see Sun Pharma result as a general lifting of pricing pressure and improvement of margin for the entire Indian pharma industry which is having a leg in the US. I will be cautious. We will have to go company wise. Also, the US FDA action and unnecessary challenges are not over for the pharma industry as a whole.”
Another RBI rate hike likely; smaller banks will see more contraction in NIMs: Deepak Shenoy
“We are getting a re-pricing of short-term liabilities across the spectrum. This will eventually come into deposits and when that happens, a lot of banks will show smaller NIMs going forward. We have to be careful about that. A lot of the small banks have shown some signs of recovery. I am just waiting to see how repricing works for South Indian Bank, J&K Bank, Federal Bank.”
Stocks to buy or sell today: 8 short-term trading ideas by experts for 25 October 2022
Indian markets are expected to open flat with a negative bias on Tuesday tracking muted global cues. The S&P BSE Sensex rose more than 500 points while Nifty50 reclaimed 17,700 levels on the Muhurat Trading Day.
LIC offloads 2% stake in Power Grid Corporation of India. Life Insurance Corporation of India has offloaded 2% stake in the company via open market transactions. With this, LIC's shareholding in the company has reduced to 3.3% from 5.3%.