On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18500 strikes while the maximum Put OI is placed at 17800 and then towards 17700 strikes. Options data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range Continue Reading
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Big Movers on D-St: What should investors do with KPIT Technologies, M&M and CG Power?
While the moving average convergence and divergence (MACD) indicator is experiencing an upward centerline crossover, the relative strength index (RSI), a momentum indicator, is positively poised. On the higher side, Rs. 850 is acting as an important psychological level; above this, we can expect a level of Rs. 900+ in Continue Reading
Oil falls on demand concerns as impact of Russian output cut fades
Oil prices may resume their rally back to $100 a barrel later this year on China’s demand recovery and limited supply growth due to a lack of investment, OPEC country officials told Reuters.In the United States, the world’s biggest oil producer, the number of operating oil rigs rose by 10 Continue Reading
Nifty unlikely to breach 17,500: Analysts
Create long positions towards the Nifty resistances of 18,050 and the next 18,250 levels. All long positions need to be placed with strict stop loss at 17,500 and look to reverse the positions on any downside breakouts. IT, banking, auto, realty, and pharma will likely outperform in the near term. Continue Reading
Total’s decision to pause Adani hydrogen project to impact $6 billion debt funding
French firm had agreed to guarantee 50% of H2 project debt over and above $4 b equity for 25% stake in Adani New Industries Ltd.
Sebi looks at links between Mauritius managers and FPIs
On Friday, the Securities & Exchange Board of India (Sebi) circulated a list of eight entities, mostly based in Mauritius, with the custodians which are banks and non-banks acting as bookkeepers of FPIs trading on Indian stock exchanges.
Vodafone Idea in talks to refinance Rs 3,000-4,000 crore of loans
Vodafone Idea has a ₹9,600 crore debt repayment due in September 2023. That could further restrict the operator’s capital expenditure ability, unless there is some refinancing of existing bank debt soon.
Banks post record NII on strong credit offtake
For a sample of 29 banks, the bad loan provisioning fell by 27.6% year-on-year to Rs 23,080.6 crore in the December quarter. NII increased by 34.5% to a record Rs 1.8 lakh crore. NII is calculated as the difference between total interest earned and interest expended.
Adani Group Debt: Banks’ faith rests on cash earnings of companies
The impact of the Moody’s Investors Service report is likely to be different on the two groups of debt holders, bankers said. An immediate market reaction in a selloff could lead to mark-to-market losses on bond portfolios. For banks, the projection on pre-tax earnings provides visibility on payments for at Continue Reading
IRCTC among 10 stocks that LIC bought and sold in Q3
Holdings of DIIs with retail and HNI investors reached another all-time high of 24.44% as on December 31, 2022, from 24.25% as on September 30, 2022, as per primeinfobase.com, an initiative of PRIME Database Group. Meanwhile, the share of LIC also increased and decreased in the number of stocks in Continue Reading