Commentary Financial News

HDFC Life Insurance are trading around the Rs 740 level, maintaining a long-term uptrend and currently in a consolidation phase after pulling back from higher levels. The stock has stabilized near its demand zone, with a double-bottom pattern emerging on the daily chart, signaling a potential trend reversal.

Mayuresh Joshi, Head Equity, Marketsmith India, says in the second half, Reliance’s retail-oriented businesses should see a strong comeback. The new-age businesses are something to be seen as well. They are having a very calibrated approach in terms of their new-age businesses. So, the kind of timelines we are looking at for these new-age businesses without minimal burden on the balance sheet is going to be critical. These two segments might offset the weakness in upstream and the O2C business. In realty stocks, Joshi says if somebody is holding Oberoi, Godrej, and DLF, they can continue holding on. Among real estate ancillaries, Greenply, Century may work out. What are the expectations from Reliance Industries? More than earnings, what are the next set of triggers to watch out for because it has been fairly sideways since it is down to Rs 2,700 from Rs 3,200 all-time high level. What will provide a fillip to Reliance from here on? Do you believe in the tie-ups that the Street has been talking about? Mayuresh Joshi: Coming to triggers going forward, there are two things. One, if there is a genuine recovery in terms of China per se in the next few quarters, the downstream business, which defines how the petchem business will move for Reliance and the spreads thereof should show signs of stability and improvement and that can have a telling say in terms of the petchem performance itself.

stock market broker Ketan Parekh's plea for the closure of a case initiated against by SEBI for not paying a penalty imposed by the markets regulator, noting the accused prima facie violated the norms «intentionally». The special judge for cases under the Securities and Exchange Board of India (SEBI) Act, RM Jadhav, in an order passed on October 4, ruled that Parekh's plea for compounding of the case against him «is unwarranted and uncalled for». SEBI initiated a criminal case against Parekh after he failed to pay the penalty for violating the board's regulation. In response, Parekh filed an application before the court for closure of the case by compounding.

Vedanta Resources Ltd has said it paid USD 869 million to bondholders in October to redeem bonds three to four years ahead of maturity. The repayments are part of a larger liquidity management exercise under which Vedanta Resources Finance II PLC (VRF) — a wholly-owned subsidiary of Vedanta Resources Ltd — is repaying bonds with a higher interest rate to save on interest costs. VRF has repaid USD 869 million to bondholders holding 13.875 per cent bonds due in 2027 and 2028, respectively.

Au Small Finance Bank Ltd. traded 1.21 per cent down at Rs 718.3 at 01:07PM (IST) on Wednesday, even as BSE benchmark Sensex gained 297.08 points to 81931.89. The scrip had closed at Rs 727.15 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 813.0 and Rs 554.0, respectively.

Varun Beverages Ltd. gained 0.05 per cent to Rs 590.2 at 11:25AM (IST) in Wednesday's trade. The stock hit a high of Rs 605.85 and low of Rs 589.45 so far during the session. The stock had closed at Rs 589.9 in the previous session. The counter had a total traded volume of 11:25AM shares so far with a turnover of Rs 6.17 crore on BSE. The stock traded at a price-to-earnings multiple of 79.78 and a price-to-book ratio of 23.16.

InterGlobe Aviation Ltd. gained 1.6 per cent to Rs 4552.9 in Tuesday's trade as of 01:44PM (IST). The stock hit a high price of Rs 4565.8 and low of Rs 4429.4 during the session. The return on equity (ROE) for the stock stood at 409.35 per cent. Traded volume on the counter stood at 01:44PM shares and turnover at Rs 4.12 crore around that time. The stock of InterGlobe Aviation Ltd. quoted a 52-week high price of Rs 5033.2 and 52-week low prices of Rs 2389.35, respectively.

Shree Cements Ltd. traded 0.3 per cent down in Tuesday's trade at 01:24PM (IST). Around 186 shares changed hands on the counter. The counter opened at Rs 25305.5 and touched an intraday high and low of Rs 25572.2 and Rs 25122.9, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 23714.05.

ICICI Lombard General Insurance Company Ltd. traded 0.79 per cent down at Rs 2078.35 on Tuesday at around 01:29PM (IST), while the benchmark BSE Sensex advanced 440.15 points to 81490.15. As many as 3,572 shares changed hands on the counter with a total value of Rs 0.75 crore.

Tube Investments of India Ltd. traded at Rs 4031.25 on BSE at 12:43PM (IST) on Tuesday, down 0.04 per cent from previous close. The scrip quoted a 52-week low price of Rs 2881.3 and a high of Rs 4666.0.

Havells India Ltd. traded at Rs 1934.95 on BSE at 12:47PM (IST) on Tuesday, up 1.02 per cent from previous close. The stock quoted a 52-week low price of Rs 1233.1 and a high of Rs 2104.95.

Skipper with a 'Buy' rating and a target price of Rs 650, indicating a potential upside of 46% from the previous closing price of Rs 444 per share. Nuvama highlighted that Skipper is poised for a powerful performance as a niche player in a strong position. The firm noted the proposed National Electricity Policy (NEP), which includes an indicative transmission capital expenditure of Rs 9.2 trillion.

Varun Beverages Ltd. rose 6.02 per cent to Rs 544.05 in Monday's trade. It hit an intraday high of Rs 578.9 and low of Rs 538.2, respectively, during the day. The stock quoted a 52-week high price of Rs 682.84 and low of Rs 331.28.

Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, Manappuram Finance and RBL Bank. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

interest-rate swaps are pricing a rate cut only in December, traders are girding for a possible shift in the Reserve Bank of India’s stance to neutral on Wednesday. They are also closely watching for any dovish signals in the authority’s commentary. “We are definitely expecting a softer language from the RBI even as the possibility of a stance change remains evenly balanced,” said Pankaj Pathak, a fixed-income manager at Quantum Asset Management Co. “That can be the trigger for a down move in yields.”

Sebi has proposed that registered stock brokers may participate in G-Secs market. «In order to leverage the existing infrastructure, stock brokers may offer these services as a Separate Business Unit (SBU) of the stock broking entity itself on an arm's-length basis,» the regulator said in a circular.

democracies, especially when their leaders have grown to be such 'homies' across administrations, should feel comfortable enough to comment, even criticise, on the other's functionings as a democracy. Or, to put it more pointedly, they shouldn't feel prickly enough when such critiques are aired by pals.

Canada may not have had a big banking failure in many years, but “emerging clouds on the horizon” suggest the existing checks and balances may need tweaks to be sustainable in the future, says an official who used to work for the country’s top banking regulating agency.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Foreign Portfolio Investors (FPIs) have been net buyers of Indian equities at Rs 57,359 crore. The total investments by them now stand at Rs 1,00,245 crore on the year-to-date basis and is highest in nine months. In August, FPIs bought domestic shares worth Rs 7,322 crore which was down month-on-month from July when the total purchase stood at Rs 32,359 crore. While in June, they were net buyers at Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore respectively.

Rahul Jain, Vice President, Dolat Capital, says would prefer to look at the earning commentary that Indian IT companies would provide over the next couple of weeks as they deliver their Q2 results and that would make a better sense rather than reading too much into Accenture commentary. From a purely business point of view, things are definitely better than what it was 12 months ago. Accenture in many ways is tracked very closely in India to try and get a sense of where the IT sector is headed. What do these earnings tell you about the overall sector? Rahul Jain: The guidance itself is a very wide number and when you get this kind of a guidance, you always feel like at the lower end it is a bad number, at top and it is a respectful number. These kinds of numbers are always very difficult to take a clear bet on. The wide band with such a lower number will make you think that the company itself is very indecisive about it. So, it does not add to any comfort or discomfort as such. We would rather look at the earning commentary that an Indian IT company would provide over the next couple of weeks as they deliver their Q2 results and that would make a better sense to us, I guess, rather than reading too much into this one.