Friday 28 April 2023

Gold price falls Rs 220 to Rs 60,820, silver price unchanged at Rs 76,200

The price of ten grams of 22-carat gold fell Rs 200 to Rs 55,750

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Avoid programmes for MF distributors based on SIP targets: Amfi tells MFs

According to a Moneycontrol report, some AMCs had planned to hold training camps in locations like Andaman and Nicobar Islands for outperforming MF distributors

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Thursday 27 April 2023

Wipro gains 3% on announcing Rs 12,000 crore share buyback via tender route

The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route

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Gold price unchanged at Rs 61,040; silver declines Rs 300 to Rs 76,200

The price of ten grams of 22-carat was unchanged at Rs 55,950

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These three Nifty sectoral indices look positive on charts

According to Ravi Nathani, an independent technical analyst, one can adopt a 'Buy on Dip' strategy in Nifty Energy, Commodities and MNC indices.

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Stocks to watch: Godrej Consumer, Axis Bank, Wipro, IRB Infra, IHCL, ACC

Stocks to watch today: From Godrej Consumer to Axis Bank, here are top stocks to watch in Friday's trade

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Sebi bars Karvy Investor Services from onboarding new clients

In an ex-parte order, the Securities and Exchange Board of India (Sebi) noted that KISL did not have the necessary infrastructure like adequate office space, equipment and manpower to work as merchant

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Wednesday 26 April 2023

Raymond soars 9%, hits new peak on Godrej Consumer Products deal buzz

According to an ET report, Godrej Consumer Products was in advanced talks for a deal with Raymond for its consumer care business that includes the Park Avenue male grooming brand and Kamasutra condom.

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City Union Bank surges 10% on re-appointment of N Kamakodi as MD & CEO

In the past six months, City Union Bank has underperformed the market by falling 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex

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F&O Expiry: Here's what the options data suggest for Nifty, Bank Nifty

The PCR for Nifty and Bank Nifty for the April series is above 1, suggesting presence of strong Put writes for both derivatives.

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Here's what the charts suggest for Nifty Realty, Media, Pharma indices

According to Ravi Nathani, an independent technical analyst, one should look to book profits in Nifty Realty either at current levels or on rally.

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Benchmark indices rise for third day amid buying in index majors

The 30-share BSE Sensex climbed 169.87 points or 0.28 per cent to settle at 60,300.58

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Ipca Labs plunges 16% in two days; hits 3-year low on Unichem stake buy

The acquisition will allow Ipca to re-enter US formulation generic market, however at 2.3x sales, as acquisition cost is expensive, given challenges and uncertainty associated with US market.

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Tuesday 25 April 2023

Shares of Gujarat PSUs in demand; GMDC, GSFC, GACL rally up to 10%

Gujarat government on Tuesday has announced a new policy for minimum level of dividend distribution and bonus shares to shareholders for listed companies and PSUs of the state.

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Nifty Auto likely to exhibit range-bound trade; FMCG seems overbought

According to Ravi Nathani, an independent technical analyst, the Auto index seems trapped in the 12,950 - 12,830 range. Whereas, the FMCG index is expected to face stiff resistance around 47,200.

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Nippon AMC Q4 results: Consolidated net profit rises 13% to Rs 198 crore

Revenues from operations rose 3 per cent during the quarter to Rs 348 crore

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PSBs extend gains on hopes of firm Q4; Nifty PSB index zooms 13% in 1 month

Among the individual stocks, Indian Bank and Uco Bank were up 3 per cent, Bank of Baroda, Indian Overseas Bank, Central Bank of India, Canara Bank and State Bank of India were up 2 per cent on the NSE

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Stock of this speciality chemical nearly doubled in less than 3 months

Shares of Anupam Rasayan hit all-time high of Rs 1,131 in intra-day trade today, zoomed 98% from level of Rs 570 on February 3, 2023.

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Monday 24 April 2023

3 Adani Group stocks hit 5% upper circuit; Adani Enterprises jumps 4%

Adani Ports said the purpose of the $130 million tender offer purchase is to partly prepay the company's near-term debt maturities and to convey the comfortable liquidity position of the company.

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Mankind Pharma IPO opens today: Check GMP, price band, other details here

Mankind Pharma IPO listing date: The IPO is likely to list on NSE and BSE on May 8

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Here's why you should consider selling PSU, Pvt Bank indices on rallies

According to Ravi Nathani, an independent technical analyst, the Nifty Private Bank index can also be sold at current levels, with 21,250 seen as a crucial support for the index.

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Mankind Pharma raises Rs 1,298 cr from anchor investors ahead of IPO

Canada Pension Plan Investment Board (CPPIB), the Government of Singapore, SBI Multi Cap Fund, and Fidelity Investment Trust were some investors who were allotted shares under the anchor quota

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Sunday 23 April 2023

Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23

The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.

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Reliance Industries gains 1% post March quarter results

The company reported its highest-ever net profit during the quarter, due to a decline in raw material costs and big savings on tax expenses

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Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma

Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session

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Chart suggests 'Sell on rise' strategy for the Bank Nifty

According to Ravi Nathani, an independent technical analyst, the Bank Nifty is expected to face resistance around 42,615-42,950-43,600.

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Energy business powers RIL: Q4 beats Street, outlook positive for stock

Improved performance in consumer biz, its proposed listing remain key triggers

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Wipro to consider buyback proposal; board meeting on April 26-27

Indian IT services players have been using the buyback route in the recent past

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Wipro board of directors to consider proposal to buyback of equity shares

The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion of the board meeting on April 27

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SVB still seeing outflows after first citizens takeover, FT says

First Citizens' stock has risen more than 77% since the takeover, with its price hitting a record last week

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Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490 from Markets https://ift.tt/rpZGNwM