NEW DELHI: Nifty50 broke above its crucial resistance at 15,150 level on Friday and formed a solid bullish candle on the daily chart, negating the formation of lower highs and lows. On the weekly scale, the index formed a Bullish Marabozu pattern. The index has set its sights on the 15,300 level, breaching which it … Read more
Mumbai: Drug maker Wockhardt jumped 10 per cent in Thursday’s session in heavy volume trade, extending the recent rally in stock. The trigger for the momentum in the stock could not be ascertained but it is a low free-float stock. Such stocks typically witness sharp volatile moves, depending on developments. At 2:50 pm, the stock … Read more
Credit Suisse has turned neutral on the IT sector, and reduced recommendation on the healthcare sector to underweight. The relative price-to-earnings in the IT sector is now the highest since 2013 and gains will be growth-dependent from here, said Credit Suisse. The financial services company has reiterated strong overweight on banks. “Post a 37% bounce, … Read more
NEW YORK: Tuesday’s presidential election between President Donald Trump and former Vice President Joe Biden could have dramatic effects on various stocks and sectors, and investors have spent months trying to identify potential winners and losers. A group of stocks seen benefiting from Biden’s Democratic policies has outperformed those seen benefiting from Republican Trump. Over … Read more
MUMBAI: About 74 crore shares of Vedanta have been tendered by the public shareholders in the buyback offer made by Anil Agarwal’s Vedanta group to delist the company. A total of 134 crore shares out of 169.73 crore shares held by public shareholders need to be tendered for the delisting to succeed. As on Thursday, … Read more
NEW DELHI: Housing finance major HDFC emerged as the top gainer in the Sensex pack on Tuesday. With a rally of over 7 per cent, the scrip alone contributed around 220 points in the 30-pack index’s 600-point rally. The stock hogged the limelight after the company said its individual loan disbursements in the second quarter … Read more
Mumbai: Angel Broking said on Monday it has raised a total of Rs 180 crore from 12 anchor investors ahead of its initial public offering (IPO) on Tuesday. The retail-focused stock broking company raised funds at Rs 306 per share by allotting 58,82,352 shares to investors, with domestic mutual funds grabbing a majority of shares … Read more
Mumbai: Chemcon Speciality Chemicals has raised Rs 95.4 crore through allotment of 28.06 lakh shares to anchor investors at Rs 340 per share, according to an exchange notification. IDFC Emerging Business Fund, IDFC Dynamic Equity Fund, ICICI Prudential Child Care Plan Gift Plan, IIFL Special Opportunities Fund Series 7, HSBC Global Investment Funds, Mirae Asset … Read more
MUMBAI: The IPO market is buzzing once again with three initial public offers (IPO) – Computer Age Management Services (CAMS), Chemcon Specialty Chemicals and Angel Broking – opening for subscription next week. All three IPOs are likely to get a good response from the investors following the huge successes of the last three – Rossari … Read more
We believe that the largecap space will continue to benefit from FII flows which will be sustained over the next three to five year period, says the MD & CEO, Sundaram Mutual Fund. You have got your new fund offering opening tomorrow. Do you want to run us through that?Yes, as you know Sundaram over … Read more