Mumbai: Individual investors looking to lock in profits in stocks at these levels but keen on retaining exposure to the market could consider InCred Money’s Nifty Accelerator Market linked debenture (MLD) – a hybrid instrument that bets on a mix of debt and equity. This is the first MLD with a ticket size of ₹1 … Read more
Notwithstanding the spate of positive news flow that has taken Paytm shares 10% higher in two days, global brokerage Jefferies temporarily suspended the coverage on the fintech stock but stopped short of stopping coverage. Stating that the valuation could vary on the basis of merchant/user attrition to the tune of 10-30% and a hit to … Read more
China’s public security minister urged the US homeland security secretary to stop alleged “harassment” of Chinese students entering the United States in a meeting between the two in Vienna, Beijing’s state media reported Monday. In a readout of talks Sunday between Wang Xiaohong and Alejandro Mayorkas, Beijing urged Washington “to stop harassing and checking Chinese … Read more
Brokerage firm Nuvama remains positive on Quess Corp, Morgan Stanley recommended an Equal Weight rating on PB Fintech, and Citigroup has a sell rating on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nuvama on Quess Corp: Target Rs 630 Nuvama sees limited downside in Quess … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.38% at 22089 levels on Friday. India VIX closed flattish near 15.22 levels. Volatility has been cooling down from the last four sessions and comforted the bulls to utilise any small declines at record-high … Read more
Mizuho Bank, Japan’s third-largest ‘megabank’ with close to $2 trillion in assets, made its biggest bet in India with a Rs 4,100-crore capital infusion in November and followed it up with a Rs 1,200-crore investment in NBFC Credit Saison. Asia Pacific co-CEO Yasuhiro Kubota explains to Joel Rebello why India is important for the Japanese … Read more
Mumbai: Individual investors looking to lock in profits in stocks at these levels but keen on retaining exposure to the market could consider InCred Money’s Nifty Accelerator Market linked debenture (MLD) – a hybrid instrument that bets on a mix of debt and equity. This is the first MLD with a ticket size of ₹1 … Read more
Equity indices climbed for the fourth straight session on Friday. The 30-share Sensex surged 376 points to close at 72,426 and the broader Nifty also rose 129 points to end at 22,040. Stocks that were in focus included names like TVS Motor, which rose 2.25%, KPI Green, which jumped 5%, and Oil India, whose shares … Read more
Chinese stocks look poised for a strong open when onshore traders return from the Lunar New Year break, with buoyant travel and tourism data seen bringing a much-needed relief to one of the world’s worst-performing major markets. With trading in mainland China shut from February 9-16, investors will likely take cues from gains seen for … Read more
A majority of technical charts show a bullish pattern formation, suggesting Nifty could reach 22,500 if it maintains levels above 21,800. Alternatively, support is seen at 21,600 levels, according to technical analysts. They note positive setups in various stocks, including Maruti, TVS Motor, ACC, Biocon, Tata Motors, M&M,Persistent, Ambuja Cements, Adani Ports, Federal Bank, Trent, … Read more
