Profit by knowlytics
Gold prices climbed on Thursday, reaching a one-week high, buoyed by weaker-than-expected U.S. jobs data and a dip in oil prices. Investors are now keenly awaiting crucial nonfarm payroll figures later today for further direction on the Federal Reserve’s monetary policy. This economic outlook is shaping near-term movements in the precious metals market.
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Under SEBI’s T+1 settlement cycle, investors must purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action.
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
The public issue, which was open for subscription between June 24 and June 29, was subscribed 1.37 times overall. The retail investor portion was booked 1.63 times, while the qualified institutional buyers (QIB) category saw 1.02 times subscription and the non-institutional investor (NII) segment was subscribed 1.54 times. The employee quota was subscribed 1.82 times.
Indian equities closed higher Wednesday, ending a two-day slump. The market remains range-bound, with traders anticipating a clear direction. Analysts suggest a bullish outlook persists above 23,800, eyeing a potential rise to 24,200. Meanwhile, market volatility eased, and foreign investors were net sellers, while domestic institutions bought shares.
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel’s NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring…
Adani Group and Abu Dhabi’s International Holding Company are set to invest a massive $11.5 billion in a new Odisha aluminium plant. This ambitious project, aiming for over 2 million tonnes annual capacity, could significantly boost India’s aluminium production by nearly 50%.
Zee Entertainment’s board has greenlit a significant fundraising move, approving the issuance of warrants worth up to ₹3,143.5 crore to a promoter group entity, Sunbright Mauritius Investments. This strategic move, pending shareholder and regulatory nods, could substantially boost the promoter group’s stake to nearly 24%. The warrants, priced at ₹126 each, require an upfront payment…
Leading public sector banks, including Canara Bank and Indian Bank, are experiencing a sustained trend where their loan disbursements are expanding at a quicker pace than customer deposits. Canara Bank saw its advances surge by 18%, while Indian Bank reported a 13.9% rise in credit. This robust credit expansion, particularly in retail, agriculture, and MSME…