Conceived by Moneycontrol in collaboration with Investroop — a Quantsman.in venture — the summit will make its debut in Mumbai on August 30 at the Bombay Stock Exchange.
India’s demography presents a tremendous opportunity for market growth. With a population of 1.4 billion and a growing middle class, the potential for expanding retail participation is immense, said Shripal Shah, MD & CEO, Kotak Securities
"The next key event, the budget, is anticipated to have a major impact. After the budget, markets can even reach the levels of 28,000 and 29,000," said Kotak Securities.
On the sellers side, Vodafone Telecommunications India Limited sold a 11.17 percent stake in Indus Towers.
An options contract is a deal between both parties whereby they decide to buy or sell an underlying asset or stock at a fixed price in the future
Without Madura's cash flow, Aditya Birla Fashion may need more external fundraising, leading to possible shareholder equity dilution, Kotak noted.
Government policies reflect a strong intent to scale up and formalise the recycling industry, said Kotak Securities.
The conditions are apt for the firm to take the bold call and e-commerce players are realizing that there isn't another Delhivery: Kotak Securities
The pay later feature also provides an unlimited holding period, the ability for users to use their shares and ETFs as collateral instead of cash for their positions and get MTF research recommendations
In this episode of Market Minutes, Shailaja Mohapatra talks about LTIMindtree results, Sheela Foam's Kurlon acquisition and the global market setup. Also, catch Shrikant Chouhan of Kotak Securities in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
Brokers say the move, which comes after an ASBA-like mechanism and prohibition on creating bank guarantees using client funds, may lead to a rise in broking fees
Users were unable to place orders or square off positions as the app was down the whole day
Those franchisees who opt to be on-boarded by Kotak will use Kotak's software and terminal along with branding, and also their customers will become Kotak's customers.
“Markets were strong last week with softening crude prices, China economic stance, favourable RBI policy hopes and return of foreign investors as buyers of Indian equities. Markets also regained as tensions between Russia and Ukraine began to de-escalate,” said Shrikant Chouhan, head of equity research (retail), Kotak Securities.
Yusuf Hamied and Mustafa Hamied will offload the stake through a block deal that translates to a discount of up to 5.25% to Monday's closing price of Rs 955 on NSE
The key indicator for movement in commodities will be non-farm payrolls data next week which will reflect on the health of the labour market. Crude oil's incessant rise has also caused nervousness in the larger financial market and we may see more volatility as OPEC and allies will meet to decide their future production policy.
Stocks like Suven Pharma rose over 5 percent, Balrampur Chini Mills rallied nearly 7 percent, and Wipro closed with gains of over 3 percent to a fresh 52-week high on April 22.
We expect equity valuations to remain at elevated levels due to expected economic rebound, strong earnings print, and low bond yields, says Oza.
The focus of Budget 2021-2022 could be largely to mend the economy and boost growth and fight inflationary pressures. While the economy came under pressure, the commodities market was also not left unaffected.
The level of 13,700 is significant in terms of Fibonacci retracement support and a level of 50-Days SMA. A relief rally is more likely in the near term.
Its president Shripal Shah, who heads operations, finance and technology, said the brokerage will evaluate opportunities of investing, partnering and incubating startups.
The client onboarding on the platform is a do-it-yourself (DIY) process wherein the client will have to fill up personal information and regulatory details online, the brokerage said.
The strategy should be to buy on declines as technically the stock-specific formations are clearly indicating that the market is heading higher to hit the level of 11100/11200.
Since the Nifty is trading close to ~22x on a one-year forward basis, valuations are stretched and we don’t expect the index to go or sustain above the 11,000-mark, says Oza.
The market is sustaining above 9000 which is a positive sign for investors. As long as we sustain above this level, bulls should remain control, says Rusmik Oza of Kotak Securities.