Nifty faces bear control after a weekly slide. The IT sector is under pressure, and Kaynes stock has stumbled. Analysts highlight support at 23,500 for Nifty. Selective buying is advised in Marico, Arvind, and Triveni Turbine for the upcoming week. These stocks show potential for upside movement.
In a significant regulatory shift, India's Securities and Exchange Board of India (Sebi) has unveiled new guidelines for Infrastructure Investment Trusts, or InvITs. These entities are now permitted to exceed the 49% debt cap of their asset value, unlocking a new avenue for funding vital capital projects and enhancements.
The Securities and Exchange Board of India has simplified rules for foreign investors. This eases the process of obtaining PAN cards for overseas portfolio investors. New rules introduced by the Income-tax Department had created difficulties. The Central Board of Direct Taxes has now issued relaxations. This aims to make onboarding smoother for foreign investors.
In a surprising turn of events, Nabard has pulled the plug on its scheduled bond sale this Friday, citing a lackluster response from investors. The rural development bank aimed to secure ₹7,000 crore but only attracted bids close to ₹3,030 crore. Analysts suggest that the borrowing costs would have ranged between 7.79% and 8.
In an unexpected turn, shares of oil companies fell even with a recent fuel price boost. This adjustment couldn't compensate for the rising crude oil prices, leaving experts calling for further alterations in pricing. Investors are advised to hold tight until market indicators become more distinct. The persistent geopolitical climate is keeping oil prices robust, creating challenges for company profitability.
The Indian rupee faces historic challenges, having plummeted to unprecedented levels against the US dollar. The surge in crude oil prices is a key factor in this decline. In response, government officials are prioritizing strategies to draw in foreign currency and consider various measures to reinforce the rupee.
description: Four companies: Onward Technologies, Garware Technical Fibres, CMS Info Systems and CyberTech Systems, will soon turn ex-record for share buybacks, offering premiums between 8% and 23% to shareholders.
Stock markets are reaching new highs. Investors are watching for Nvidia's earnings report this week. This will show the strength of the artificial intelligence boom. Retailers like Walmart will also report. Their results will reveal how consumers are spending amid rising prices. These reports will be crucial for the market's direction.
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