Asian stocks continued to rise as China’s new stimulus measures and record highs in US benchmarks boosted market sentiment. The S&P 500 reached its 42nd closing record this year, while Chinese shares listed in the US surged. Traders await further details on China’s stimulus and upcoming US economic indicators.
Stocks in news: Markets saw a nearly 1% rise on the monthly expiry day, driven by favorable cues. Key stocks in focus include Biocon, SJVN, Adani Green, Union Bank, and Nuvama Wealth due to various developments such as agreements, joint ventures, property sales, and potential equity sales.
Sebi chairperson Madhabi Puri Buch expressed optimism about the growth of the corporate bond market, driven by technology and transparency. She highlighted healthy primary market activity but noted a lack of secondary market engagement. Buch also addressed recent allegations against her and discussed upcoming regulations and initiatives at an Amfi Continue Reading
Bank of India raised ₹2,500 crores through tier two bonds at 7.49% coupon rate. The funds will support normal business activities, not specific projects.
Sebi on Thursday decided to reduce the timeline for listing of public issue of debt securities to three working days from six days at present, to facilitate faster access to funds. This new timeline will be optional for the first year and mandatory thereafter.
Call options saw the highest open interest at strike prices of 26,250 and 26,300, whereas put options had the highest open interest at 26,200 followed by 26,100.
The new National Electricity Plan is set to benefit transmission companies and equipment manufacturers. With a projected power demand growth, significant investments are expected in transmission and renewable energy sectors. The plan aims to address future power needs, including green hydrogen and electric vehicles, requiring substantial funding and capacity additions.
After reaching a 52-week high of ₹244.40 on September 24, shares of the Indian Energy Exchange (IEX) have since fallen 15%, nearing a key support level at ₹200. This decline follows reports of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal Continue Reading
Shivangi Sarda from Motilal Oswal Financial Services discusses the stock market’s recent performance, highlighting Maruti and Trent as top picks. She also analyzes the metal sector’s gains due to China’s stimulus and provides insights into the IT, pharma, and banking sectors. Key support and target levels for various stocks are Continue Reading
EaseMyTrip Share Price: Shares of travel aggregator Easy Trip Planners, owner of EasyMyTrip, surged by 6.4% to a day’s high of Rs 36.49 on the BSE as investors seized the opportunity following the offloading of a stake by the company’s promoter, Nishant Pitti, for Rs 920 crore. Pitti sold 24,65,49,833 Continue Reading
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