Small and medium enterprises (SMEs) raised a staggering Rs 8.25 billion through initial public offerings in the first quarter of 2018-19, more than a two-fold jump from the preceding financial year. Funds raised through initial public offers (IPOs) were meant for business expansion plans, working capital requirements and other general corporate purposes, according to offer documents. A total of 47 […]
The options market makes up for a significant part of the derivative market, particularly in India. I would not be exaggerating if I were to say that nearly 80 percent of the derivatives traded are options and the rest is attributable to the futures market. Internationally, the options market has been around for a while […]
The markets pared their day’s gains to end flat on Tuesday ahead of the June F&O expiry, due on Thursday. The S&P BSE Sensex ended at 35,490, up 20 points while the broader Nifty50 index settled at 10,769, up 7 points. Among sectoral indices, the Nifty FMCG index settled nearly 1% up led by rise in shares of GlaxoSmithKline Consumer Healthcare, United Spirits […]
Shares of Merck continued their northward movement, hitting new high of Rs 2,666 per share, up 8% on the BSE in early morning trade. Thus far in the calendar year 2018, the stock of the pharmaceutical company has zoomed 107% from Rs 1,289, as compared to 4% rise in the S&P BSE Sensex. Since April […]
In our weekly note last week, we had discussed about the likelihood of the Nifty attempting to move past its falling trend line resistance, which joins the lower tops. In the week gone by, the benchmark index struggled throughout to move past this pattern area resistance but could not make any clear headway on the […]
After the Reserve Bank of India (RBI) raised its policy repo rate by 25 basis points (bps) to 6.25 per cent on June 6, some public and private sector banks have followed its lead by hiking the Marginal Cost of Funds Based Lending Rate (MCLR), which is the floor rate at which banks lend. On Thursday, a day after the RBI announced its monetary policy, HDFC Bank raised its MCLR by 10 […]
The markets on Tuesday are trading lower as they focus sed the Reserve Bank of India’s (RBI) second monetary policy review of 2018-19. The policy decision is due on Wednesday, June 6. An increasing number of economists expect the Reserve Bank of India (RBI) to raise interest rates on Wednesday, a Reuters poll found, but most still think the […]
Next batch of January to March 2018 quarterly earnings, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will dictate trend on the bourses next week. The movement of rupee against the dollar and crude oil prices will be monitored keenly. Brent crude hovers near $80 per barrel mark. […]
Punjab National Bank has reported a net loss of Rs 13,416.91 crore for the fourth quarter ending March 2018. The profit was dragged by spike in provisions by three times towards bad loans, which was taken upfront during the quarter. In the same quarter a year ago, the bank had turned around due to write-back in pension […]
IT major WiproNSE 0.07 % on Tuesday reported over 20 per cent quarter-on-quarter rise in standalone net profit for quarter ended March 31, 2017. For January-March period, the company reported a net profit of Rs 2,303 crore against Rs 1,918 crore reported for the sequential quarter ended December 31, 2016. The earnings were released post […]
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