Analysts have said that the government’s decision to convert Vi’s accrued interest into equity will help the telco get some existing bank debt refinanced in the immediate future, which will help free up cash to pay vendor dues particularly to Indus Towers as well as for immediate capex needs

The Securities and Exchange Board of India (Sebi) has made the suggestions through five consultation papers and sought comments from the public till February 18 on these proposals aimed at making the AIFs more investor friendly.

Sensex snaps 5-session rally, falls 335 pts; Nifty below 17,800; Adani Transmission cracks 10%, Gland Pharma 3%; Vodafone Idea, Indus Towers Ltd, Adani Ports are some of the gainers in closing trade.

From the Sensex pack, Tata Steel and Infosys were the top losers, falling over 2%, Infosys, Kotak Bank, M&M, Tata Motors, ICICI Bank, UltraTech Cement and Reliance also ended with losses

The company is also the custodian for institutional investors with forward looking services designed and customised to equip mutual fund houses, foreign portfolio investors, institutional investors, family offices, HNIs across segments to efficiently manage their operations.

With the prepayments, pledged shares in Adani Ports and SEZ, Adani Transmission, and Adani Green Energy will be released, the group said in a statement.

Morgan Stanley believes that improvement in the energy business is key to raising investor confidence in the conglomerate's earnings. Over the past 6 months, volatility in energy markets, investments in 5G telecom services, absence of tariff hikes, and higher global rates have driven a 6% cut in consensus estimates for RIL, reversing the trend of upgrades seen in the first half of 2022.

The bank may also require raising capital with its Common Tier I CAR at 11% (vs min of 7%), but management may look at stake sales in subsidiaries to mobilise capital first," it said.Jefferies has SBI among its sector top picks with a "Buy" rating and a target price of Rs 760, representing an upside of 44%. In an upside scenario, the target price is set at Rs 860, with a potential upside of 61%

The company has reported EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 408 crore, which is down almost 63% when compared with Rs 1,097 crore in the last year period. Margins, too, declined during the third quarter to 23.9%.

The Relative Strength Index (RSI) is at 61.7. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

"SBI’s core fundamentals continue to be on a strong footing and sustained solid earnings delivery should drive incremental re-rating for the stock in our view. While SBI may need to raise equity capital over the next 12-24 months (CET1 at 9.26%), stake sale in subsidiaries (SBI Funds, SBI General Insurance) remains another option to augment capital and may delay the eventual dilution.

Both margin and leverage look very similar to each other but there is a slight difference between the two. Leverage can be expressed in terms of ratio. In the above example, we got margin benefit and were asked to pay only Rs 5,000 for the underlying value of Rs 20,000 so in this case our leverage becomes 4:1.

The high loan growth environment is partly driven by pent-up credit demand and normalisation of excess savings built up during the pandemic, as well as corporate borrowers migrating from the local bond markets towards banks, given the significant hardening in bond yields.

In cases where the custodial banks do not provide details of beneficial ownership, the regulator would deem those foreign funds ineligible and ask them to liquidate their holdings in the Indian market by March 2024, the source added.

Some of these facilities – taken from global banks like Credit Suisse, JP Morgan, domestic NBFCs like JM Financial, Mutual Funds, etc – were due in May, some were already rolled over to September of this year and some this calendar year end while some were in January 2024.

The reported operating profit improved by Rs 424 crore from the year-ago period, and the margin improved to 2% of revenue from -27% a year ago, due to sustained improvement in contribution profit and strong operating leverage. Paytm parent’s consolidated revenue from operations increased by 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in the commerce business.

This turned the Street bullish on the stock and it reflects in the performance. So far in the current financial year, the stock has gained more than 30% compared with the Nifty Bank index which has risen 14% in the same period.

We expect the strong business growth momentum to continue across divisions. In cigarettes, we believe a pragmatic tax regime not only acts as fodder for volume growth from illicit but also increases its predictability premium.

For the last nine years, one thing which has remained constant in every budget has been the focus on building infrastructure. Budget 2023 also saw government spending on infrastructure projects at elevated levels. Spending on infra has a trickle down effect on many parts of the economy. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Morgan Stanley maintained an overweight rating on ITC with a target price of Rs 415 post Q3 results.Q3 earnings were ahead of Morgan Stanley and consensus estimates. “A strong beat on Cigarettes, Hotels, and FMCG businesses was a key positive. Strong results and positive implications from the Budget augur well,” Morgan Stanley said.

Vi quickly needs to clear dues of vendors like Indus Towers and expand its existing 4G network. It also needs to finalise 5G gear supply contracts with the likes of Ericsson and Nokia for rolling out next-gen networks and stem rapid subscriber losses.

Companies in the automobile, cement, capital goods, fast moving consumer goods, and consumer discretionary sectors got some respite on the cost front as prices of several commodities and other inputs eased in the quarter.

A detailed calculation shared by the finance professor in his blog shows that the stock's fair value should be around Rs 945 per share without factoring any of the Hindenburg accusations of fraud and malfeasance.

Vi quickly needs to clear dues of vendors like Indus Towers and expand its existing 4G network. It also needs to finalise 5G gear supply contracts with the likes of Ericsson and Nokia for rolling out next-gen networks and stem rapid subscriber losses.

Amid high volatility following the Union Budget and Adani saga on Dalal Street, analysts have handpicked select stocks that they believe can offer good returns to investors in the near term. Take a look:

Some of these facilities – taken from global banks like Credit Suisse, JP Morgan, domestic NBFCs like JM Financial, Mutual Funds, etc – were due in May, some were already rolled over to September of this year and some this calendar year end while some were in January 2024.

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17700 and then towards 17500 strikes.“Nifty formed a Bullish candle with long lower shadow on a daily and weekly scale which indicates buying interest on declines.

Opening Bell: Sensex falls 200 pts, Nifty tests 17,800; Paytm rallies 7%, Adani Ent tumbles 8%

A detailed calculation shared by the finance professor in his blog shows that the stock's fair value should be around Rs 945 per share without factoring any of the Hindenburg accusations of fraud and malfeasance.

From the Sensex pack, Infosys, HUL, Nestle, HCL Tech and Asian Paints were the top laggards, falling over 1%. Wipro, Tata Steel, TCS, Sun Pharma and Kotak Bank also opened with cuts.

Theoretically the potential gains are enormous. A trader who sold $1 million Adani Enterprises Ltd. shares at the open on Feb. 1 and bought them back at the end of the same day after the record 28% plunge would have made about $280,000, excluding fees and transaction costs, according to Bloomberg calculations.

Its price has given a breakout from a parallel falling channel, within which it was moving since September 2022. The latest candle has given a breakout of the upper trend line of the channel with a rise in volume. This increases the reliability of the breakout. The candle formed is a Marabozu which shows that the buying interest stayed intact till the close of the session.

The overall structure of the counter is favorable for investors that are looking to invest at such levels. The stock closed above the 200-SMA moving averages in the most recent trading session.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on Piramal Enterprises and Ashok Leyland while Kunal Bothra has a buy/sell recommendation on Grasim and Bajaj Fin for today's trading session. Check out the targets and stoploss.

The markets on Friday went through a rocky ride, with the Nifty eventually ending up with a sharp gain. There appears to be a rotation among sectors, with those leading now shedding their gains and those lagging behind showing some momentum.

Amamiya played a key role in drafting Kuroda's asset-buying programme in 2013 and consistently called for keeping ultra-low interest rates. But he also said in July the BOJ must "always" think about the means of exiting ultra-loose monetary policy.

The company's overall revenues rose 3% - the growth impacted by lower agri exports due to restrictions on wheat exports. However, all other business segments posted strong double-digit growth. As a result, the net profit rose 21% and the operating margin surged by 620 bps to 38.6%.

A host of Fed officials are set to speak this week, led by Chair Jerome Powell on Tuesday, and the tone could be hawkish. Policy makers from the European Central Bank and the Bank of England will also be making appearances

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,808, down 32 points or 0.18% from the previous close.

Aviation major IndiGo on Friday reported a multi-fold surge in net profit to Rs 1,422 crore for the three months ended December. The profit rose over 1,000%, compared with Rs 129 crore in the last-year period. Revenue from operations surged 61% to Rs 14,932 crore in the third quarter

"We extend credit, basis comfort on cash flow, security, and repayment capability of obligors as per the Bank's credit assessment framework. We remain comfortable with our exposure to Adani Group basis the same," the bank said in a regulatory filing.

Kravis, who is also the co-executive chairman of KKR & Co, a company that bears his name along with that of his first cousin and a former Bear Stearns colleague, talked candidly about a wide range of topics including peak dollar, geopolitical risks around Ukraine, technology stocks and bad loans that India had in the corporate loan book, and the importance of setting up a bad bank.

Overseas lenders will have to pay as much as 20% tax on interest earned on loans made to Indian companies starting July 1 and are likely to pass on the costs to borrowers, according to more than a dozen executives. The increased withholding tax rate would impact several big-ticket foreign funds, said market experts.

​Nifty met the 200-day EMA and even sneaked below towards 17,400. We currently have a FLAG breakdown in the index, and the theoretical target is around 17,000 – 16,800. On the other hand, the pattern would be negated only above 18,200.

In his blog published on February 4, Damodaran, a widely respected authority on valuations, said Adani Enterprises with 'upbeat' assumptions on revenue growth and operating margins, and without factoring any of the Hindenburg accusations of fraud and malfeasance, could be valued at ₹945. ET looks at his analysis:

Some of the relationship managers of StanChart, which has a significant presence in Asia, have informed their private wealth clients in the region's large markets like Singapore that the bank would not accept these papers as collaterals for margin loans, one such customer told ET. The decision, albeit a temporary one, was taken Friday amid volatility in Adani bond prices.

Traders usually hold on to their bets overnight when they are more certain that there wouldn't be an event after market hours that could backfire. Though shares of Adani Group companies have fallen on most days since January 24, making them ideal targets for short sellers, the confidence to hold on to bearish positions overnight has been low.

Adani securities have attracted attention from opportunistic investors amid a staggering equity rout and a debt slump that took some bonds to distressed levels. Goldman Sachs traders touted Adani Ports's debt as being well capitalized with cash on hand, while being liquid enough to trade.

Many financial industry experts polled by ET expect the central bank's monetary policy committee (MPC) to change its policy stance to neutral from accommodative, with the real rates having turned positive.

The tyre stock hit a record high of Rs 343 on 3 February 2023, but failed to hold on to the momentum. The stock quickly fell over 2% intraday, but any dips can be used to buy the stock, suggest experts.