US stock market: Wall Street ends lower after latest Fed rate hike - almost 2 years ago
In comments after the statement, Fed Chair Jerome Powell said it was too soon to talk about cutting rates as the focus is on making the central bank's policy stance restrictive enough to push inflation down to its 2% goal.
Economic Times

Stocks in the news: SBI, Wipro, Tata Motors, IRCTC, Power Grid and multiplexes - almost 2 years ago
State Bank of India said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds. The fund raising through Additional Tier 1 capital up to an amount of Rs 10,000 crore is subject to approval from the government.
Economic Times

Poonawalla Fincorp to sell housing unit to TPG arm for Rs 3,900 cr - almost 2 years ago
Poonawalla Housing Finance is a lender in the affordable segment of the housing finance market with 128 branches across India. It had its assets under management at Rs 5612 crore at the end of September. It made a net profit of Rs 33 crore in the second quarter of FY23.
Economic Times

HDFC Bank acquires 7.75% stake in payments startup Mintoak - almost 2 years ago
After completion of the deal, HDFC Bank will hold 7.75% of the total share capital of Mintoak on a fully diluted basis.
Economic Times

Case for pause in rate hike as growth focus intensifies: Govt official - almost 2 years ago
Officials say there is growing concern in the government over a spillover from the global slowdown hurting the fragile economic recovery, and a greater need to provide support.
Economic Times

Bank Nifty at record high; more upside likely: Analysts - almost 2 years ago
​​ Extending gains to the fifth consecutive session, the Nifty Bank index, popularly known as Bank Nifty, closed above 44,000-levels for the first time on Wednesday. Analysts, in a poll, said the index could move up as much as 7% in the near-term over its close of 44,049.1 on Wednesday.
Economic Times

MSMEs' big capex push accounts for 50% of new loans - almost 2 years ago
Banks and non-bank lenders said while big corporates are accessing the offshore market and alternative investment funds (AIF) for incremental capex, MSMEs that rely on the bank and NBFC funding are taking fresh term loans to add new plants and factories.
Economic Times

Acre ARC sole bidder for Nagarjuna Fertilizers' debt - almost 2 years ago
Lenders led by IDBI Bank had invited expressions of interest from asset reconstruction companies to take over the debt of NFC after attempts to initiate an insolvency process against the company were stonewalled by the promoter.
Economic Times

Stock Radar: This specialty chemical company is seeing momentum at lower levels; time to buy? - almost 2 years ago
The stock recently created a strong base above Rs 500-550 levels in December. Hence, traders can look to buy the stock now or on dips towards Rs 540 levels for a possible target of Rs 580-600, suggested experts
Economic Times

Poonawalla Fincorp to sell housing unit to TPG Aarm for Rs 3,900 cr - almost 2 years ago
Poonawalla Housing Finance is a lender in the affordable segment of the housing finance market with 128 branches across India. It had its assets under management at Rs 5612 crore at the end of September. It made a net profit of Rs 33 crore in the second quarter of FY23.
Economic Times

Fed downshifts to half-point hike, sees 5.1% rate next year - almost 2 years ago
The Federal Open Market Committee raised its benchmark rate by 50 basis points to a 4.25% to 4.5% target range. Policymakers projected rates would end next year at 5.1%, according to their median forecast, before being cut to 4.1% in 2024 -- a higher level than previously indicated.
Economic Times

Wall St keeps its poise ahead of Fed's last rate decision for 2022 - almost 2 years ago
The Dow Jones Industrial Average rose 0.54%, the S&P 500 gained 0.58% and the Nasdaq Composite added 0.57% in early trading.
Economic Times

Stock Radar: Buy Jubilant Ingrevia for a target of Rs 580-600, says Ruchit Jain - almost 2 years ago
“Jubilant Ingrevia has been forming a ‘Higher Top Higher Bottom’ structure on the daily chart and prices are trading in a ‘Rising Channel’ which indicates a short-term uptrend and post the recent correction,” Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

Ahead of Market: 10 things that will decide D-St action on Thursday - almost 2 years ago
Small negative candle was formed on the daily chart with minor upper and lower shadow. Technically, this pattern indicates a high wave or doji type candle pattern after a rise. Normally, such candle formations after a reasonable rise signal volatility at the highs and sometimes it acts as a reversal pattern post-confirmation.
Economic Times

Sebi penalises Crude Oil Tipswala, three individuals for unregistered advisory services - almost 2 years ago
The order came after Sebi issued a show cause notice in June to COT, Jitendra Kumar Ganeshlal Bata, Goutam Sarvar and Mukeshbhai Ramanbhai Muniya for providing investment advisory services without obtaining registration from Sebi in violation of IA (Investment Advisers) norms.
Economic Times

Poonawalla Fincorp to sell housing fin arm to TPG Global for Rs 3,900 crore - almost 2 years ago
The sale of the business is expected to enhance shareholders’ value in the long term, as Poonawalla Fincorp focusses on building a tech-led and digital-first financial services company
Economic Times

After gaining 135% in a month, multibagger stock announces 1:1 bonus share issue - almost 2 years ago
“Considered and approved to recommend the issue of bonus shares in the ratio of 1:1 for the approval of the members in the ensuing 37th Annual General Meeting of the Company,” said the company in the filing with the exchanges.
Economic Times

US stocks edge lower ahead of Fed decision - almost 2 years ago
The Dow Jones Industrial Average fell 22.57 points, or 0.07%, at the open to 34,086.07
Economic Times

​Market Trading Guide: SBI, NTPC among 6 stock recommendations for Thursday - almost 2 years ago
Benchmark indices Sensex and Nifty ended with gains on Wednesday, extending the previous day’s rally amid lower level of inflation on the domestic front and better-than-expected inflation readings from the US. The 30-share BSE Sensex climbed 145 points to settle at 62,678. The broader NSE Nifty advanced 52.30 points to end at 18,660. “Nifty remained range-bound following a start with an upside gap. On the higher end, however, it failed to move beyond the resistance of 18,700. The trend remains positive as long as it holds above 18,500. On the higher end, the directional up move may come above 18,700 only. Till then, Nifty may remain within the range of 18,500-18,700," said Rupak De, Senior Technical Analyst at LKP Securities. Here are 6 stock recommendations for Thursday:
Economic Times

Govt extends timeline to submit EoI for IDBI Bank stake by 3 weeks - almost 2 years ago
The last date to submit bids is now January 7 against previously fixed December 16.
Economic Times

Govt to sell up to 5% stake in IRCTC via OFS; floor price fixed at Rs 680/share - almost 2 years ago
This is at an over 7% discount to Wednesday’s closing price of Rs 734.90
Economic Times

Exclusive-Russian oil sold to India below price cap in buyers' market - almost 2 years ago
Also on Dec. 5, the Group of Seven leading economies implemented a $60 price cap on Russian seaborne oil to try to limit Moscow's ability to finance its war in Ukraine.
Economic Times

These 5 capital goods stocks touch their new 52-week highs - almost 2 years ago
Benchmark index Sensex closed a tad higher by about 144 points at 62,677 on Wednesday. During this rally, five stocks from the BSE Capital Goods Index managed to touch new 52-week highs.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
Economic Times

Fed meeting outcome today: Will Powell play Santa? - almost 2 years ago
The keenly awaited outcome of the Fed meeting would be announced by the US central bank at 12:30 am IST followed by a press conference by Fed Chair Jerome Powell at 1 am
Economic Times

Gainers and Losers: Yes Bank, Paytm among stocks in spotlight today - almost 2 years ago
Benchmark indices ended higher on Wednesday, led by information technology and metal stocks, as cooler-than-expected US inflation data boosted bets that the Federal Reserve will slow the pace of interest rate hikes. Sensex ended 145 points higher at 62,678, while Nifty added 52 points and topped 18,660 level. Sectorally all the indices ended in the green, barring Nifty FMCG.Here are the stocks that attracted investors’ attention in Wednesday’s trade:
Economic Times

Tech View: Nifty forms doji candle on daily charts. What traders should do on Thursday - almost 2 years ago
“Nifty is now placed at the crucial resistance of 18,650 level and is not showing any strength to surpass the hurdle decisively. A sustainable up move from here could confirm an upside breakout of the resistance and any failure is likely to result in minor downward correction ahead,” said Nagaraj Shetti of HDFC Securities.
Economic Times

NTPC to raise Rs 500 crore via NCDs - almost 2 years ago
The debentures are proposed to be listed on BSE. Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.
Economic Times

Eye on Fed decision: Sensex gains 145 points; Nifty settles above 18,650 - almost 2 years ago
In the Sensex pack, Tech Mahindra, Tata Steel, NTPC, SBI, IndusInd and Power Grid were the top gainers, rising about 1-2%
Economic Times

Sebi planning 'micro' REITs to boost nascent market - almost 2 years ago
The Securities and Exchange Board of India (SEBI) is considering reducing the size of REITs, allowing them to hold just a single asset or a diversified portfolio, to increase supply and flexibility for investors, said the official.REITs in India must now have a minimum asset value of 5 billion rupees ($60 million). The possibility that SEBI may lower the minimum has not been reported previously.
Economic Times

Multibagger PSU stock to trade ex-dividend on Thursday - almost 2 years ago
RCF commands a dividend yield of over 2%. For the previous fiscal year ending March 2022, the company declared a dividend of Rs 3.85 or 38.5%. Considering the current share price, it amounts to a dividend yield of 2.85%.
Economic Times

Sensex rises 145 pts; Nifty ends above 18,650; Voda Idea jumps 10% - almost 2 years ago
Closing Bell: Sensex ends 145 points higher ahead of Fed outcome; Nifty crosses 18,650; Voda Idea jumps 10%, Yes Bank cracks 8%.
Economic Times

Nifty Bank hits fresh record high, crosses 44,000 mark for first time - almost 2 years ago
“We expect this outperformance for banks and the tailwind for the sector to continue for 2023. In the short term, after yesterday's inflation print in the US, there is an expectation in some quarters that the US Fed might turn less hawkish in the upcoming policy, which will support the markets,” he added.
Economic Times

Nikkei closes at 2-week high on hopes for slower U.S. rate hikes - almost 2 years ago
Technology heavyweights led the Nikkei higher, with chip making equipment maker Tokyo Electron rising 1.9% to provide the biggest boost to the index. Wafer maker Shin-Esu Chemical gained 3.01%, while air-conditioning maker Daikin Industries rose 1.18%.
Economic Times

European shares fall on caution ahead of Fed rate decision - almost 2 years ago
The index had rallied more than 1% on Tuesday as equities globally received a boost from softer-than-expected U.S. inflation data that raised hopes of the Fed shifting to smaller rate hikes.
Economic Times

Two-day Finbridge Expo to be held in Mumbai on December 17-18 - almost 2 years ago
Catering exclusively to the financial services & technology industry, Finbridge Expo has become a mainstream platform for many financial service providers to showcase their products and services. The event would be held from December 17-18 at Nehru Centre, Worli, Mumbai from 17th – 18th December.
Economic Times

Fed Decision-Day Guide: Officials to downshift rate hikes, aim for higher peak - almost 2 years ago
The Federal Open Market Committee is widely expected to raise rates by 50 basis points and bring its benchmark target rate to a range of 4.25% to 4.5%, the highest since 2007. Fresh quarterly economic projections released after the meeting will also shed light on how much further policymakers expect rates to go.
Economic Times

Morgan Stanley initiates coverage in Yes Bank, sees downside of 9% - almost 2 years ago
In its report, Morgan Stanley said YES Bank is moving in the right direction post 2020 NPA crisis. It stated that the bank has focused on reducing asset quality challenges by accelerating provisions and cleaning up its balance sheet organically as well as via asset sales. It expects gross impaired loans to fall to 9% by end of FY23 from a peak of 22% in March 2020.
Economic Times

These 4 stocks from packaging stocks can rise up to 37% on rising demand, declining raw material prices - almost 2 years ago
In early part of 2022, a sharp rise in the price of polymers and speciality chemicals prices hit the margins of packaging companies. With now prices cooling off, tailwinds for select packaging companies have increased exponentially in a short span of time. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Patel Engineering rises 5% as board to consider fund raising - almost 2 years ago
In an exchange filing, the company said that its board of directors are scheduled to meet on December 16, Friday, to consider fund raising plans. The company is likely to raise funds through the issuance of equity shares of the company on a rights basis to the existing equity shareholders, it added in the regulatory filing.
Economic Times

Triveni Turbine rises 5%, hits 52-week high on fixing record date for share buyback - almost 2 years ago
The board of directors of the company, at its meeting held on November 2, 2022, had approved a proposal of the buyback of fully paid-up equity shares of the company through the tender offer route, at a price of Rs 350 per equity share for an aggregate amount not exceeding Rs 190 crore.
Economic Times

Tirupati Forge jumps 5% after addition of a US-based client - almost 2 years ago
In a regulatory filing, the company said that the company has received approval from a US company to buy a mass quantity of flanges, forged fittings and other components.
Economic Times

Kotak Mahindra Bank, BSE among 9 stocks that can rally in near term - almost 2 years ago
After a quick correction, domestic equity markets are back in recovery mode, suggest analysts. However, the volatility is not yet over as traders will be looking at Fed meet outcome which may guide the market direction. Analysts believe that select stocks are ready for a breakout on a technical basis and may rally sharply for near-term gains. Here are a few of their recommendations:
Economic Times

Yes Bank tumbles 8% after stake allotment to PE majors - almost 2 years ago
Global brokerage Morgan Stanley has initiated coverage on Yes Bank with an underweight rating and a target price of Rs 20.50. The Return on Asset (ROA) recovery beyond 1% will be gradual, said the foreign broker. The global investment bank expects strong RoA improvement to 1% by FY25, which will be helped by higher PPOP margins/lower credit costs, it said.
Economic Times

This PSU bank stock doubles in just one month. What’s driving the rally? - almost 2 years ago
Morgan Stanley analysts said PSU banks should see relatively higher margin expansion compared to many private banks over F22-F24, reflecting a higher starting point of liquidity, sharp moderation in NPA formation, reducing interest income reversals and lower share of wholesale deposits relative to select private banks.
Economic Times

Chart Check: Colgate on verge of giving breakout from Symmetrical Triangle; fresh record highs possible - almost 2 years ago
The stock hit a fresh high of Rs 1,695 on September 2, 2022, but it failed to hold on to the momentum. Momentum suggests that the stock will be able to break above this level. On the price front, the stock price is trading above the crucial short- and long-term moving averages placed at 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.
Economic Times

Looking to financially prepare for medical emergencies? Here are 5 things to remember - almost 2 years ago
Nothing is more important than our health. We need to be financially ready to handle whatever life throws at us. In recent times, the Covid-19 pandemic and its impact have added impetus to the importance of being financially prepared for medical emergencies.
Economic Times

Paytm buyback: Will Rs 850 crore offer support stock prices? - almost 2 years ago
Paytm board believes that this buyback is a sign of confidence that the company is on a clear path to deliver cash flow profitability, and this buyback will not have any impact on its growth plans in the near future or on its profitability plans," the company said.
Economic Times

India's top 5 stock brokers control about over 60% of market - almost 2 years ago
Declining for the 5th consecutive month, NSE active user clients fell 1% month-on-month to 3.6 crore, according to a report by Motilal Oswal. Data shows that the top five brokers control over 60% of the market. Here is a list of the top 5 stock brokers:
Economic Times

HDFC Bank vs ICICI Bank: Are tables turning once again for mutual funds? - almost 2 years ago
The selling could well be part of a strategy of mutual funds to book profits in the stock which has gone up 3 times in the last 5 years. On the other hand, HDFC Bank has gone up by only about 75% during the period. Even on a year-to-date basis, ICICI Bank is up 22% while its larger peer has returned just about 8%.
Economic Times

Sensex gains 180 points, Nifty above 18,650; NCC rises 3% - almost 2 years ago
Sensex rises 180 points, Nifty above 18,650; NCC gains 3%, Yes Bank 2%; Rupee slips 4 paise to 82.64 against US dollar in early trade.
Economic Times