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On July 9, four stocks in the Nifty500 pack rallied more than 2.5% above their Volume Weighted Average Price (VWAP), according to StockEdge’s technical scan data. Trading above the VWAP is widely regarded as a bullish technical signal, reflecting strong buying interest and indicating the potential for further upside.
Gold prices held steady early Friday as markets assessed inflation risks. Renewed rate-hike expectations are pushing the non-yielding metal toward a weekly decline. U.S. military infrastructure in Gulf states faced attacks after U.S. strikes on Iran. Markets now price in a higher chance of a September rate hike. Other precious metals also saw slight movements…
Goldman Sachs has prohibited staff from trading prediction market contracts. These contracts are linked to financial markets and political events. The policy aims to prevent conflicts of interest with the bank. Violations could lead to disciplinary action and forfeiture of gains. Restrictions do not apply to sports and entertainment prediction markets.
State Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the company. SBI Funds Management’s initial public offering will open for bids on July fourteenth. The asset manager seeks a valuation of up to 1.17 trillion rupees. The company’s shares are expected to…
The IC Electricals IPO received an overwhelming response from investors, with the public issue being subscribed 420.09 times by the close of bidding.
Asian stocks climbed as investors favored semiconductor shares due to AI demand. Oil prices declined as energy supply disruption fears eased. South Korea’s Kospi index saw a significant rally, while other regional benchmarks edged higher. Futures for the Nasdaq 100 Index indicated a more cautious market sentiment. Company earnings and profit growth will guide market…
Choice International said Korea’s NH Investment and Securities will invest ₹900 crore in the company’s broking and wealth management arm. The transaction will involve NH investing in Choice Equity Broking through Compulsorily Convertible Preference Shares
Tata Consultancy Services reported flat dollar revenue and margin contraction in the June quarter. AI revenue shows growth but remains a small part of total earnings. The company paid significant dividends, impacting its ability to invest internally. Sustained order flow and stable attrition offer some long-term hope. TCS needs to balance investor returns with future…
Irdai now seeks operating expense data, excluding commissions, from life insurers. This move aims to revamp the industry’s distribution framework and reduce policy costs. The regulator will discuss distribution reforms by the end of July. Private insurers’ commission expenses have nearly doubled since 2021-22. Irdai plans a phased approach for these significant distribution reforms.
The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and potential dollar loan rate hardening. Banks are facing challenges in finalizing fixed lending rates for non-resident Indians. Higher borrowing costs may necessitate increased leverage for attractive NRI deposit yields. The central bank’s assessment will…