Reseñas

Stocks in news: Domestic markets remained almost unchanged in a volatile session. Reliance Infra plans to raise Rs 3,014 crore, NTPC approves Rs 9,701 crore investment, and SBI extends $50 million support to Maldives. RBI re-appoints V Vaidyanathan as IDFC First Bank CEO. Vodafone Idea faces scrutiny after a significant Continue Reading

Wall Street traders are optimistic about the Federal Reserve’s ability to achieve a soft landing, leading to a rally in riskier markets. The S&P 500 hit its 39th record high in 2024, with tech stocks leading gains. The Fed’s recent rate cut has bolstered hopes of avoiding a recession.

Markets regulator Sebi on Thursday tweaked the framework for valuing the investment portfolios of Alternative Investment Funds (AIFs) whereby securities — other than unlisted, non-traded, or thinly-traded securities — will now be valued in line with mutual fund rules.

Karur Vysya Bank (KVB) stock has outperformed BSE Bankex despite sector pressures. KVB has strong retail and commercial loan growth, low loan-deposit ratio, and high liquidity coverage ratio. Analysts have raised one-year price targets by over 8%.

The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6 crore, while expenses stood at Rs 823 crore, as against Rs 799.5 crore.

The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of underwriting, a practice that is not permitted.

Ace investor Radhakishan Damani has sold 1 lakh shares in VST Industries for Rs 4.4 crore via a block deal. The shares were sold at Rs 439.05 each, slightly above the previous closing price. Following this sale, Damani’s stake in VST Industries has reduced to 2.82% from 3.47%.

Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for a QIP of up to Rs 3,000 crore.

A small negative candle with a long upper shadow on the daily chart suggests a false breakout above 25,500. This sharp rejection from new highs indicates a potential short-term dip, according to Nagaraj Shetti of HDFC Securities.

HAL Share Price: Shares of Hindustan Aeronautics Ltd fell over 5% despite strong market sentiments, following a significant Rs 26,000 crore defense deal. Analysts expect continued growth amid supply chain challenges.