BUSINESS
PPFAS ‘not playing T20’; holding cash to save wickets in test cricket, waiting for loose ball to hit boundary
Rajiv Thakkar of PPFAS said that holding cash is not about timing the market or predicting outcomes of major events. Instead, it is about waiting for the right valuation pitch to make investments.
BUSINESS
CLSA raises India allocation to 20% overweight on potential foreign inflows, cuts China in U-turn
CLSA has reversed earlier allocation, increasing India and cutting China, even as India faces sustained foreign investor outflows. It said several global investors have been waiting for a correction to re-enter the Indian markets.
BUSINESS
Nifty extends losses, Sensex down 2,800 points in 6 days as investors brace for deeper correction
Analysts warn the correction in Indian equities could deepen as domestic and global headwinds persist. Nifty has plunged more than 10 percent from its September high, entering correction territory.
BUSINESS
Farewell: Bank Nifty's popular weekly expiry contract bids adieu amid Sebi's new F&O rules
The end of Bank Nifty weekly contract, among Sebi's changes to F&O rules, are expected to impact trading volumes and could alter trading behaviour, with experts forecasting both immediate and long-term shifts.
BUSINESS
FIIs bearish in derivatives as DIIs hold steady; volatility rises, Nifty outlook guarded ahead of US elections
FIIs have offloaded a substantial volume of index futures while simultaneously increasing positions in put options, indicating caution regarding market stability. Meanwhile, DIIs have sustained their buying momentum in the cash market.
BUSINESS
Risks to Indian equities: Q2 earnings moderation raises growth concerns amid stretched valuations
The Diwali cheer may provide a short-term boost to the market, but experts warn investors to tread carefully as several risks could weigh on Indian equities. High valuations limit market upside, while many experts are concerned about weak earnings growth too.
BUSINESS
Adani Group's Renew Exim buys 46.64% stake in ITD Cementation, announces Rs 2,553 crore open offer
Adani Group has finally formally emerged as the successful buyer of the promoters' stake in ITD Cementation India Ltd. Along with the open offer, the acquisition could be worth well above Rs 5,750 crore.
BUSINESS
HDFC Bank to sell up to Rs 10,000-crore shares in HDB Financial IPO; total public issue size at Rs 12,500 crore
HDB Financial Services is preparing for its public market debut, expected by the end of the current financial year. The listing is expected to unlock additional value for its parent company HDFC Bank.
BUSINESS
Kotak Mahindra Bank says ‘actively working’ on RBI directive about credit cards, digital customer acquisition
Kotak Mahindra Bank said that 30-40% of total slippages in Q2 FY25 came from the credit card portfolio, which is being closely monitored.
BUSINESS
Kotak Mahindra Bank’s NIM shrinks in Q2, as lender says secured loan book grew, IPO funds added pressure
The proportion of Kotak Mahindra Bank's unsecured loans -- personal loans and unsecured loans, which typically carry higher yields, declined during the quarter, while the secured loan book grew significantly.
BUSINESS
Kotak Mahindra Bank improves asset quality in Q2; gross NPA falls, capital adequacy remains strong
Kotak Mahindra Bank’s credit cost during the second quarter increased to 0.65 percent, up from 0.42 percent a year ago. On the other hand, the bank's capital adequacy remains robust.
BUSINESS
Kotak Mahindra Bank Q2 results: Net profit rises 5% to Rs 3,344 crore, misses market estimates
Kotak Mahindra Bank's Q2 FY25 net profit missed Street expectations, but net interest income surpassed estimates. The bank said its Gross Non Performing Assets also shrunk year-on-year.
BUSINESS
Hyundai IPO last day today: Will India's largest public issue hit Rs 1 lakh crore bids? Check subscription update
Hyundai Motor India IPO enters its third and final day of subscription today. India's largest public issue has been subscribed 42 percent as of day 2. Here's how much public bidding it needs to reach Rs 1 lakh crore in total bids.
BUSINESS
HDFC AMC stock surges 6%, market cap tops Rs 1 lakh crore after Q2 results show robust topline, improved yields
HDFC AMC's strong Q2 results drove the stock up 6% and market cap above Rs 1 lakh crore, despite a one-time tax hit on net profit. This pushed up other AMCs too, with Aditya Birla Sun Life, UTI AMC, Nippon Life India jumping as much as 11-12%.
BUSINESS
Quant Mutual Fund takes about half of Adani Enterprises' Rs 4,200 crore QIP; Small Cap Fund picks biggest stake
Adani Enterprises raised Rs 4,200 crore from institutional investors via a QIP. Quant Mutual Fund emerged as the largest investor, pouring in over Rs 1,973 crore into buying Adani Enterprises stock across its various schemes.
BUSINESS
Reliance Industries Q2 FY25 Earnings Preview: Steady telecom and retail growth offsets O2C weakness
Investors will likely focus on Reliance Jio’s ARPU growth and growth in the retail segment in Q2 FY25 earnings report.
BUSINESS
TCS gets bullish calls despite Q2 results miss as analysts eye recovery; stock extends fall, check share price targets
A slow demand recovery and margin contraction hit TCS's second quarter earnings, but going forward, tech and BFSI demand recovery will aid revenue, while BSNL deal unwinding will help margins.
BUSINESS
TCS Q2 FY25 net profit falls to Rs 11,909 crore, misses estimates; dividend declared
Tata Consultancy Services Q2 FY25 Results: Analysts had expected the Tata group IT giant’s Q2 revenue to be driven by the ramp-up of key deals, particularly its ongoing partnership with BSNL, and the net profit to be bolstered by robust deal execution.
BUSINESS
How Tata Group market cap grew 17x, revenue 30x under Ratan Tata’s chairmanship: From legacy to global powerhouse
Tata group, with its listed entities’ combined market capitalisation at Rs 30 lakh crore now, saw a dramatic growth with Ratan Tata's strategic decisions and well-timed acquisitions.
BUSINESS
How Nifty, Bank Nifty are set up ahead of RBI policy today; what FIIs, DIIs bought or sold in derivatives market
The Nifty derivatives data shows a bullish sentiment ahead of the RBI Monetary Policy due today. Bank Nifty futures show a potential short covering rally. Traders are positioning for potential upward movement in both indices.
BUSINESS
SEBI’s F&O rules may curb volatility in indices, trim retail trading; large traders may adjust strategies
SEBI's new rules on Futures & Options trading could have a stabilising effect on the markets after unwinding of the current positions in October. The rules may reduce volatility, and drive some retail traders towards cash equity trading or MTF trading.
BUSINESS
Nifty set for more correction as geopolitical tensions, weak technicals weigh; here’s what market setup shows
Indian stock market is expected to face further downward pressure as the Nifty continues its corrective phase, having lost nearly 480 points over the last five trading sessions. Technical weakness in key sectors such as banking and finance may lead to further declines.
BUSINESS
LIC cuts stake in Mahanagar Gas by over 2% via open market sales, books healthy profit
Life Insurance Corp of India said it has sold about 21 lakh shares in Mahanagar Gas Ltd, cutting its equity stake by 2.1 percent. The insurance giant had accumulated those shares earlier at a much lower price.
BUSINESS
Swiggy's journey to Rs 10,000-crore IPO: A look at its growth, celebrity backing, and rivalry with Zomato
Investors will keenly eye a pie in the massive Rs 2 lakh-crore food delivery market. However, it faces a profitability challenge, amid competition from Zomato, BigBasket, and others.
