In August, HDFC Bank experienced short covering and a 96% rollover, while SBI saw a significant short build-up and a 95% rollover. The Bank Nifty rose 0.5% to 50,889, but the PSU Bank index fell 2.6%. Nifty 50 climbed 3.1% with a 77% rollover.
The State Bank of India (SBI) is enhancing its technology and digital footprint, adding 50,000 to 60,000 savings accounts daily. Chairman CS Setty anticipates steady credit growth and a strong corporate balance sheet. SBI is targeting growth in MSME and agriculture sectors, with aspirations to surpass Rs 1 lakh crore Continue Reading
The global factors I think is the biggest risk factor to watch over the next 6 to 12 months. We have seen some shake in terms of the US employment situation. As of now it still looks a moderation rather than a big slowdown in US growth, but that could Continue Reading
Natco Pharma shares surged 5% to Rs 1,569 after filing an ANDA with the US FDA for a generic cancer drug. The company aims for 180 days of marketing exclusivity.
Motilal Oswal Group’s Chairman, Raamdeo Agrawal, discusses the company’s investment strategies as well as its efforts to emulate Warren Buffett’s model. He shares insights on market timing, the importance of buy-and-hold strategies, portfolio concentration, and how Motilal Oswal is balancing its operational and treasury income to create a sustainable growth Continue Reading
Shares of Bharti Hexacom surged 6% on Friday to a high of Rs 1,245.70 on BSE after Citi initiated coverage with a buy rating and a target price of Rs 1,405. Citi highlighted the company as an attractive midcap telco with strong growth potential, a healthy balance sheet, and positive Continue Reading
Tata Motors announced that trading of its DVR shares would stop due to their conversion into ordinary shares. For every 10 DVR shares, investors receive seven ordinary shares. Tata Motors DVR shares have provided substantial returns over the past two years. The company’s restructuring has been approved by the National Continue Reading
Arnab Das from Invesco EMEA discusses the ongoing industrial revolution driven by AI, cautioning about current market hype. While AI promises to boost productivity and efficiency, market valuations may be exaggerated. Companies like Nvidia are central to this change, yet broader economic factors and technological adoption pace will shape future Continue Reading
Everybody views interest rate cuts very positively. However, I believe one needs to think a bit counterintuitively or with second-order thinking. The reason being that rate cuts and the magnitude of change in expectations can only occur with weakening economic data.
Puneet Chhatwal, MD & CEO of IHCL, discusses the expected long-term growth in India’s hospitality sector. He highlights the increasing demand for talent and business travel, and IHCL’s strategy of launching and re-imagining properties. Chhatwal anticipates significant contributions to the economy, with double-digit growth fueled by innovative initiatives and strong Continue Reading
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