Sep 21, 2023, 2:28 pm IST
Kingfisher Plc Picks TCS As Its Transformation Partner, Selects TCS OmniStore For Its Flexibility, Seamless Integration
Tata Consultancy Services said on Thursday that it has helped Kingfisher plc, a leading European multinational home improvement company, to drive seamless customer experiences using TCS OmniStore™, an AI powered unified commerce platform. According to the company Kingfisher plc selected TCS as its transformation partner and chose TCS OmniStore for its flexibility, seamless integration, and the ability to drive rapid innovation and adapt to market trends. TCS shares traded in the red amidst weak trading on Dalal Street on Thursday.
Sep 21, 2023, 2:08 pm IST
Federal Bank Says RBI Gave Nod To HDFC AMC Acquiring Up To 9.50% Of 9.50% Of The Paid-Up Share Capital Of The Federal Bank
In an exchange filing on Thursday Federal Bank said that the Reserve Bank Of India has accorded its approval to HDFC Asset Management Company Ltd. (“HDFC AMC”) for acquiring aggregate holding of up to 9.50% of the paid-up share capital or voting rights of The Federal Bank. According to the Bank, the approval has been granted with reference to the application made by HDFC AMC to RBI.
Sep 21, 2023, 1:51 pm IST
Crude Oil Prices Reach Almost A Barrel As US Federal Reserve Keeps Rates Unchanged
The decision by the US Federal Reserve to keep benchmark interest rates unchanged weighed on oil prices as crude oil prices slipped to almost a barrel on Thursday. Interest rate hikes usually have a bearish impact on the price of oil as consumer demand takes a hit when rates are hiked.
Sep 21, 2023, 1:12 pm IST
Vedanta To Hold Board Meeting Today To Consider Debt Issuance, Shares Dip Almost 2 percent
Vedanta shares traded in the red on Thursday ahead of meeting of its committee of directors to consider a fundraising proposal. The stock was down 168% at Rs 227.90 per share at 1:05 pm IST.
Sep 21, 2023, 12:24 pm IST
BPCL Shares Surge As Company Issues Corporate Guarantee For 0 Million Loan Availed By Wholly-Owned Subsidiary BPRL
The share price of Bharat Petroleum Corporation Ltd (BPCL) traded in the green on Thursday after the state-owned oil marketing company issued Corporate Guarantee concerning USD200 million 3 Year Term Loan Facility (from each
drawdown) proposed to be availed by BPRL
International through State Bank of India, DIFC Branch. BPRL is a wholly owned subsidiary of BPCL. BPCL shares were up 0.61% at Rs 354.70 per share at 12:18 pm IST.
Sep 21, 2023, 12:04 pm IST
HDFC AMC Gets RBI Approval To Acquire 9.5% Stake In Equitas SFB
In today's intraday trading session, the share price of HDFC Asset Management Company Ltd was up 0.18% at Rs 2,689.00 per share. The lift in the stock's share price was seen after the company got RBI approval Gets RBI Approval to acquire 9.5% Stake In Equitas SFB.
Sep 21, 2023, 10:58 am IST
SJVN Shares Tank 10% As Govt To Offload 4.92% Equity Stake
On Thursday morning's early trades on the BSE, the SJVN share price dipped 10%. The stock dropped 10% to reach a level of Rs 73.53 on the BSE after opening at Rs 74.69 in comparison to the previous close of Rs 81.75. On Wednesday, the government declared that it would offer for sale up to a 4.92 percent stake sale in the state-owned hydroelectric power plant, with a floor price of Rs 69 per share. On Friday, the OFS will accept bids from retail investors.
Sep 21, 2023, 10:37 am IST
Maruti Suzuki Aims To Meet 25% SUV Market Share Target By FY24
Shashank Srivastava, Senior Executive Officer, Marketing & Sales at Maruti Suzuki India informed CNBC-TV18 that the company expect the highest-ever monthly sales in September in the Indian auto industry, on track to meet 25% SUV market share target by the end of FY24 and expects 5-7% growth in the PV industry in FY24.
Sep 21, 2023, 10:13 am IST
EMS Lists At A 34% Premium On The Bourses
On Thursday, shares of EMS Ltd. were listed for the first time on the stock exchanges, launching at a 34 per cent premium over its IPO issue price. The shares started trading at a price of Rs. 282, which is Rs. 34% more than its Rs. 211 issue price. The EMS IPO bidding period ran from September 8 to September 12, 2023. The EMS IPO share allotment was completed on Friday, September 15, 2023. On September 21, 2023, the shares were listed on the BSE and NSE.
Sep 21, 2023, 9:41 am IST
Morning Market View By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Even though the ‘hawkish pause’ from the Fed was on expected lines, the US markets reacted negatively since the indication from the Fed is that rates will remain ‘higher for longer’. The US GDP growth projection now stands at 2.1% for 2023 and 1.5% for 2024 recovering to 1.8% in 2025. As the Fed chief said, “soft landing is a plausible scenario.” This narrative is likely to help the mother market consolidate around the current levels, supporting other markets, too, without any sharp corrections.
For Nifty the biggest drag will be more FII selling in response to the rising dollar and US bond yields. The dollar index above 105 and the US 10-year bond yield at 4.39 % suggest continued FII selling which has touched Rs 13925 crores so far in September. But DII plus retail buying is likely to support the market on declines.
Domestic consumption stories like automobiles, hotels and real estate are on strong wicket and the capital goods segment has been witnessing buying in recent weeks even when FIIs were sellers in the market.
PSU banks are likely to witness renewed buying on declines since their valuations are attractive and prospects look good.
Sep 21, 2023, 9:35 am IST
Sensex Opens 300 Points Lower, Nifty Slump 100 Points On FII Selloff Pressure
Sensex drops 300 points to 66,462.48 and Nifty drops over 100 points to 19,816.20 as Indian benchmark indices begin in the red. With IT and finance acting as the main drag, the majority of sectors start off weaker. Due to selling by FIIs in reaction to a spike in the dollar and US bond yields, the market is expected to continue to be turbulent. The US 10-year bond yield is at 4.43% and the dollar index is above 105, this has triggered FII selling that has reached Rs 13925 crores so far in September and may be contributing to the market's gloomy outlook.
Sep 21, 2023, 9:27 am IST
Intraday Stocks To Buy Or Sell Today
Sumeet Bagadia, Executive Director at Choice Broking, has recommended two intraday stocks to buy today, September 21st, based on positive chart patterns.
Sep 21, 2023, 9:24 am IST
Stocks To Buy Today
Chandan Taparia, Derivatives & Technical Analyst of Motilal Oswal has recommended M&M Finance and ITC to buy today.
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