Indian equity markets will remain open for trading on Monday, August 26, the day when the country will be celebrating Krishna Janmashtami. Apart from the BSE and the NSE, domestic commodity markets will also see activities at their usual timings. Multi Commodity Exchange of India (MCX), which is the largest non-agri commodity exchange, trades in … Read more
Sebi’s whole-time member Ashwani Bhatia on Friday asked chartered accountants to be more diligent while auditing companies listed on the SME exchange platforms. Addressing an industry event of CAs, Bhatia said it is important to look at the listed SMEs (Small and medium-sized enterprises) in a more careful way because the same companies will grow … Read more
“The percentage of CNX 500 stocks trading above the 50-day moving average has improved from 48% to 65%. This suggests the rally should continue, also supported by strong global cues. Even the S&P 500 has seen a breakout after the last four weeks of consolidation,” says Dharmesh Shah, Head-Technical, ICICI Direct.Well, the market is fairly … Read more
The board of the capital markets regulator, the Securities and Exchange Board of India (Sebi) will have a new look as two members exit after the end of their respective terms to make way for two incoming candidates. The Sebi chief, while also a full-time member of the board, reports to it. IIM Bangalore professor … Read more
Several state-owned banks, including the country’s largest lender, State Bank of India (SBI), are likely to tap debt markets and raise close to ₹20,000 crore by the end of the month, as lenders step up fundraising activities amid faster credit growth than deposit growth. SBI is likely to raise ₹5,000 crore-10,000 crore through the issuance … Read more
Domestic markets remained lackluster and closed flat on Wednesday, taking a pause after Tuesday’s decline. In today’s trade, shares of Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results. Hindustan ZincHindustan Zinc Limited (HZL) has announced its offer for sale from … Read more
Ashwini Kumar Tewari, MD, SBI, says rural growth is coming back, consumption is improving and of course, whether it has reached the levels that we want and whether it is sustainable is something we have to see. But with the agricultural growth doing good and the monsoon having improved significantly, we are in for a … Read more
Dinesh Kumar Khara, Chairman, SBI, says the bank has to balance the interests of multiple stakeholders and the shareholders are very important stakeholders. The bank has to create value for them and that is the reason SBI always wants to grow but not at the cost of profitability. Khara says his ambition was to see … Read more
Domestic markets exhibited volatility over the past week, ultimately closing marginally lower amid mixed signals. In today’s trade, shares of SBI, Airtel, ONGC, Titan, Infosys, JSW Steel, IDBI Bank among others will be in focus due to various news developments and first quarter results. Airtel, ONGC, Marico Shares of Airtel, ONGC and Marico will be … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
