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Rupee falls 36 paise to close at 79.61 against the US dollar
Rupee depreciated by 36 paise to close at 79.61 (provisional) against the US dollar on Thursday amid rising crude oil prices. At the interbank foreign exchange market, the local currency opened at 79.22 and saw an intra-day high of 79.22 and a low of 79.69 against the American currency. It finally ended at 79.61rupee, down 36 paise over its…
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Growth vs value investing: How do you make the right choice?
Growth vs. Value Investing: Everyone wants to make money in the stock markets, but not everyone does. And only a few make enormous amounts of profits. While luck can play a role in success in equity investing what is important to understand is that successful investing is a combination of art & science. And both these perspectives get covered in…
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Tata Play To Finally Launch An IPO (Public Offer). 5 Key Details to note
Tata Play and the Tata group company IPO plan Have you ever been on a roller coaster? Roller coaster rides are unpredictable. One moment the cart carries you up making you hold your breath. In the very next moment, the cart is pushed down. You will be wondering whether you will survive the fall. Before you start to think, you…
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SGX Nifty signals a positive start; Tokyo stocks open higher
SGX Nifty signals a positive start Nifty futures on the Singapore Exchange traded 86 points, or 0.48 percent, higher at 17,905.50, signaling that Dalal Street was headed for a positive start on Friday. Tech View: A follow-up buying may ensure Nifty50 bulls are back After a gap-up start, the index ended up forming a small bullish candle with a long…
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Max Financial shares drop 0.82% as Sensex rises
Max Financial Services Ltd. traded at Rs 799.35 on the BSE at 12:23PM (IST) on Friday, down 0.82 percent. The stock quoted a 52-week low price of Rs 697.05 and a high of Rs 1136.8. Earlier in the day, the stock saw a gap-up opening. At the prevailing price, the stock traded at 95.49 times its trailing 12-month EPS of…
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Government to acquire Vodafone Idea stake after share price stabilizes at Rs 10 or more
Government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilizes at Rs 10 or above, according to an official source. The Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. “There is a SEBI norm that the acquisition should take place…
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Pidilite Ind’s share price increases when the Nifty index gains
Pidilite Industries Ltd (NSE 2.18 %. gained 2.4 percent to Rs 2870.5 in Thursday’s trade as of 10:40 AM (IST). The stock hit a high price of Rs 2870.5 and a low of Rs 2808.0 during the session. The stock’s return on equity (ROE) stood at 18.95 percent. Traded volume on the counter stood at 10:40 AM shares and turnover…
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Asian shares rise as Wall Street on track to end loss streak
Asian benchmarks mostly rose Thursday, as investor optimism got a perk from a rally on Wall Street that’s on track to break a three-week losing streak. Japan’s benchmark Nikkei 225 surged nearly 2.0% in morning trading to 27,964.16. Australia’s S&P/ASX 200 gained 0.8% to 6,783.80. South Korea’s Kospi edged up 0.4% to 2,385.55. Hong Kong’s Hang Seng slipped 0.3%…
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Reliance Retail Ventures, Jio raise Rs 8,500 crore by selling CPs
Reliance Group companies Reliance Retail Ventures and Reliance Jio raised about Rs 8,500 crore in working capital loans collectively through short-term money market instruments this week, market insiders familiar with the matter told ET. Both companies likely sold commercial papers (CPs) that offered 5.99% and 5.92%, respectively, with about 90-day maturities. The rates, according to market dealers, are…
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Adani Group Says Not Overleveraged, Loans From Public Sector Banks Have Halved
Adani group says it is not overleveraged, loans from public sector banks have halved. New Delhi: Richest Indian Gautam Adani’s conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged. In a 15-page note in response to CreditSights report calling the group…
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