BUSINESS
Adani stocks see no impact of recent allegations
“It is an indication that the current prices factor in all the negatives and the market is ignoring all the incremental allegations. For the group as well as its investors, it could very well mean that the worst is over,” said experts.
Dream11-backed Rario's founders 'being pushed out' after $120mn funding: Report
According to a TechCrunch report, citing sources, Ankit Wadhwa, CEO of Rario, and Sunny Bhanot, Rario CTO "are being pushed out as investors at the startup, including largest backer Dream11".
Nifty registers best week in 2 months after rising for 6 consecutive sessions
Volumes on the NSE again spiked to higher than recent average. Midcap index rose more than the Nifty even as the advance decline ratio stayed high at 1.15:1, he said.
Apple's market cap has fallen $200 bn in last two days on China govt iPhone ban
The firm's stock market valuation has fallen by more than 6 per cent, or almost $200bn (£160bn), in the last two days, the BBC reported. China is the technology giant's third-largest market, accounting for 18 per cent of its total revenue last year. It is also where most of Apple's products are manufactured by its biggest supplier Foxconn.
RBI to discontinue incremental cash reserve ratio requirement for banks, funds to be released in phases
Subsequently, the amounts impounded under the exercise would be released in stages. This will be done to ensure that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner, a statement issued by the RBI said on Friday.
Sustained buying by domestic funds taking market higher
In September, so far, FIIs have sold in the cash market for Rs 8,608 crore and DIIs have bought for Rs 5,715 crore. In spite of this net institutional selling Nifty is up by 434 points for the month so far. This, and the hyperactivity in the mid-and small-cap segments, point to the active participation of retail investors in the rally, he said.
Nifty closes higher for 5th straight day on account of short covering
Despite weak global cues, market recovered in the second half on account of short covering on the weekly expiry day, he said.
Shipping and defence stocks see buying interest on order wins
Shipbuilding stocks were in focus as the main counters gained. Cochin Shipyard was at upper circuit of 20 per cent, Garden Reach Shipbuilders was up 10 per cent, while Mazagaon Dock Shipbuilders was up 9 per cent.
India's $775 bn stock boom at risk as small cap stocks overheat
That poses risks as gauges of small and mid-cap shares show signs of overheating, and as the domestic economic outlook becomes more clouded ahead of national elections next year, Bloomberg reported.
Indian aviation sector to grow 8-13% in FY24:ICRA
The agency maintained a Stable outlook on the Indian aviation industry amidst the continued recovery in domestic and international air passenger traffic in FY2024, and improved pricing power of the carriers.
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