Monday, November 30

Tag: Stock

The perils of copy-paste investing. Plus, other gems from Ian Cassel
Stock News

The perils of copy-paste investing. Plus, other gems from Ian Cassel

NEW DELHI: Amid positivity on vaccine development and record high foreign inflows into Indian equities, the benchmark indices touched new all-time highs last week. For the week, the Sensex rose 267.47 points or 0.60 per cent, while the Nifty added 109.90 points or 0.85 per cent. As the focus shifted to emerging markets, foreign portfolio investors (FPI) pumped in a record Rs 62,951 crore in Indian markets in November. In today's edition of Tweet Buster, market mavens discuss the increasing flow of foreign money into Indian equities, besides sharing tips and strategies on investing.Record FII inflows Asking investors to focus on their own goals, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, said FIIs buy for their own reasons, usually as a part of changes in views on emerging mark...
RBI policy review, Burger King IPO & auto sales among factors that will sway market this week
Stock News

RBI policy review, Burger King IPO & auto sales among factors that will sway market this week

NEW DELHI: Domestic stocks advanced last week on strong foreign inflows amid the beginning of transition to Biden administration in the US. The gains were, however, capped due to weak economic data globally, including a rise in jobless claims in the US, and doubts over AstraZeneca's vaccine efficacy. For the week, the Sensex rose 267.47 points or 0.60 per cent, while the Nifty added 109.90 points or 0.85 per cent.This truncated week will see the release of auto sales data and PMI readings, the kick start of Burger King IPO, RBI's policy review, OPEC's virtual meet and investors' reaction to India slipping into recession. Investors would also keep an eye on vaccine development. The market would be shut on Monday on account of Gurunanak Jayanti. Here's what investors would watch out for ...
ETMarkets’ Investors Guide: Stocks to play the Covid vaccine theme
Stock News

ETMarkets’ Investors Guide: Stocks to play the Covid vaccine theme

Hi there, this is ETMarkets’ Investors Guide, a show about asset classes, market trends and investment opportunities. This is Atul P.M.The month so far has remained in favour of the bulls. Benchmark equity indices Sensex and Nifty have scaled fresh record highs amid robust inflows from foreign institutional investors and progress on Covid-19 vaccine development.On a month-to-date basis, the 30-share Sensex has gained over 11 per cent to around 44,150 till November 27, while the 50-share Nifty has rallied by a similar measure to 12,969.NSDL data showed inflows from foreign portfolio investors to domestic equities have stood at over Rs 60,000 crore so far this month and at this pace, they have already breached August record of Rs 47,080 crore inflows.Going ahead, will these overseas ...
Baba Ramdev on board of Ruchi Soya, brother Ram Bharat to be MD
Stock News

Baba Ramdev on board of Ruchi Soya, brother Ram Bharat to be MD

Yoga guru Swami Ram Dev, his younger brother Ram Bharat and close aide Acharya Balkrishna will be on the board of soya food brand Nutrela-maker Ruchi Soya that was recently acquired by Patanjali Ayurved. Ruchi Soya Industries Ltd in a notice to shareholders sought approval for appointment of Ram Bharat, 41, as the Managing Director of the company. Subsequent to a consortium of Patanjali Ayurved Limited, Divya Yog Mandir Trust (through its business undertaking, Divya Pharmacy), Patanjali Parivahan Private Limited and Patanjali Gramudhyog acquiring Ruchi Soya in insolvency proceedings last year, the new management got right to appoint the board, the notice said."The board of directors of the company at its meeting held on August 19, 2020 appointed Shri Ram Bharat as managing director of ...
Kalpataru buys back shares worth Rs 142.68 cr
Stock News

Kalpataru buys back shares worth Rs 142.68 cr

Kalpataru Power Transmission Ltd on Friday said it has bought back 58.06 lakh equity shares for Rs 142.68 crore, which constitutes 71.34 per cent of the buyback size on the offer. "The company has bought back 58,06,262 equity shares at an average price of Rs 245.75 per equity share," according to a BSE filing.Accordingly, it added that the company has deployed Rs 142,68,70,928.45, which represents 71.34 per cent of the maximum buyback size.The company had announced to buy back its equity shares from the open market through the stock exchange mechanism, for an aggregate amount not exceeding Rs 200 crore.Consequently, on Friday, the buyback committee has approved the closure of the buyback pursuant to the terms of the public announcement, with effect from the close of trading hours o...
Gas distributions stocks rally; 36 stocks flash ‘buy’ signals
Stock News

Gas distributions stocks rally; 36 stocks flash ‘buy’ signals

Shares of city gas distributors including Indraprastha Gas (IGL) and Mahanagar Gas (MGL) hogged the limelight on Friday after the petroleum and natural gas regulator notified regulations for unified gas transmission tariff structure. On the other hand, CG Power hit the upper circuit after Murugappa Group firm Tube Investments of India (TII) acquired a controlling stake in it. Overall, the benchmark equity indices ended lower after a volatile session, dragged by losses in index heavyweight Reliance Industries and IT majors Infosys and TCS. The 30-share BSE index closed 110.02 points or 0.25 per cent down at 44,149.72. The broader NSE Nifty declined 18.05 points or 0.14 per cent to 12,968.95.Vinod Nair, Head of Research, Geojit Financial Services said, “Today’s market momentum was driven...
CM Jain Impex & Investments sells RIL shares worth over Rs 19 cr
Stock News

CM Jain Impex & Investments sells RIL shares worth over Rs 19 cr

CM Jain Impex & Investments Pvt Ltd on Thursday offloaded 1 lakh shares of Reliance Industries Ltd (RIL), worth over Rs 19 crore, through an open market transaction. According to block deal data available on the BSE, CM Jain Impex & Investments sold 1,00,000 scrips of RIL at an average price of Rs 1,944 per share, taking the total deal value to Rs 19.44 crore.The shares were bought by Neeta Chandanmal Jain at the same price.Shares of Reliance Industries on Thursday closed 0.31 per cent higher at Rs 1,953.80 on the BSE.Credit: Stocks-Markets-Economic Times
Tube Investments takes over majority stake in CG Power, holds 50.62% equity
Stock News

Tube Investments takes over majority stake in CG Power, holds 50.62% equity

CG Power and Industrial Solutions on Thursday said Murugappa Group firm Tube Investments of India Ltd (TIL) has acquired a controlling stake in it and now holds 50.62 per cent of the company's paid-up share capital. The company also said it has received Rs 587.50 crore from the TIL, it said in a BSE filing.It also said, "TIL has acquired a controlling interest in the company and holds 50.62 per cent of the paid-up equity share capital of the company."According to a statement on Thursday, TIL has accepted the offer and applied for securities issued to them on a preferential allotment basis. The company is in receipt of an aggregate sum of Rs 5,87,50,00,004.25 from TIL towards subscription to equity shares and 25 per cent upfront consideration towards subscription of warrants of the co...
Boston Fed issues guidance for lenders on end of Main Street program
Stock News

Boston Fed issues guidance for lenders on end of Main Street program

The Boston Federal Reserve delivered new direction on Wednesday about how it intends to unwind the Main Street loaning program, which is set to lapse at year end after Treasury Secretary Steven Mnuchin requested that the Fed return unused assets.loan specialists must enroll by Dec. 4 and that qualified credits should be submitted to the Main Street entry by Dec. 14. The Main Street office will quit giving duty letters for the program by Dec. 23.The Main Street loaning program, which upheld little and medium-sized organizations battling due to the pandemic, gotten a lukewarm reaction when it dispatched over the late spring. A few banks said the terms were unappealing contrasted with advances they could offer all alone, and numerous potential borrowers battled to meet the tough necessi...
Sebi orders attachment of bank, demat accounts of ATM Agro, Sunshine Agro to recover Rs 21 cr
Stock News

Sebi orders attachment of bank, demat accounts of ATM Agro, Sunshine Agro to recover Rs 21 cr

Markets regulator Sebi has requested connection of ledgers, share and common asset possessions of ATM Agro Industries and Sunshine Agro Infra just as their chiefs as a feature of its work to recuperate over Rs 21 crore.The recuperation procedures have been started against them after they neglected to reimburse financial specialists' cash, as coordinated by the Securities and Exchange Board of India (Sebi) in 2016.The two organizations had raised assets from speculators without agreeing to public issue standards.ATM Agro Industries gathered supports unlawfully through issuance of redeemable inclination shares (RPS) and made sure about redeemable non-convertible debentures (NCD).According to Sebi, the organization had raised Rs 5.62 crore by giving RPS to 300 financial specialists....