Global Market News for 23 Apr 2019
Foreign portfolio investors (FPIs) bought Rs 73.08 crore worth of domestic stocks on Monday.
While there are valuation models to use before investing in stocks, there still are qualitative factors that you need to consider which may not reflect in your financial projections
Oil prices hovered near 2019 peaks in early trading on Tuesday. Brent crude futures were at $74.33 per barrel at 6:21 am
Nifty, Bank Nifty, Tech Mahindra, Indian Oil Corporation, Tata Motors
The stock hit a 52-week low of Rs 1,839, down 5 per cent on Tuesday. It has fallen 9 per cent in the past two days on the BSE.
The rights issue will open on May 3 and close on May 17
The domestic unit on Monday plunged by 32 paise to close at a two-week low of 69.67, following a spike in crude oil prices on reports that the US will end waivers on Iranian oil imports.
Jet Airways started flying in the early-1990s after Indian liberalized its economy.
PoS devices are used by local vendors and retail store operators to process payments through debit and credit cards with swipe and QR code facilities.
However, it is likely that the case will be mentioned by the bank before that date and will come up for hearing earlier.
Asset quality remained largely stable at gross bad loans at 2 per cent, the same as last year quarter.
Buy ITC Ltd. at a price target of Rs 312.0 and a stoploss at Rs 298 from entry point.
By next year, the company will add 75 master distributors taking the total count to 200.
Global funds pulled a combined 89.5 billion rupees ($1.3 billion) from local sovereign and corporate bonds so far this month, according to data from the National Securities Depository Ltd
Sell Apollo Tyres Ltd. at a price target of Rs 195.0 and a stoploss at Rs 215 from entry point.
Buy Havells India Ltd. at a price target of Rs 782.0 and a stoploss at Rs 750 from entry point.
Buy ABB India Ltd. at a price target of Rs 1475.0 and a stoploss at Rs 1430 from entry point.
Many small shareholders did not take part in recent share buybacks.
ITC is a 'Buy' call with a target price of Rs 312 and a stop loss of Rs 298.
Brokerage CLSA sees a 21 per cent compounded growth in profit over FY19-21.
Buy DCB Bank Ltd. at a price target of Rs 220.0 and a stoploss at Rs 199 from entry point.
Total open interest, or outstanding positions, in Nifty futures fell by 13.1 per cent on Monday.
GAIL heads the bidding list for 7 operating wind power plants.
The stock which fell 33 per cent so far this month, declined 10 per cent on Monday to Rs 135.5.
MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat.