RBI restricting banks from raising stakes in insurance firms: Sources
Reserve Bank of India (RBI) rules allow banks to hold up to 50% stakes in insurers and on a selective basis equity holdings can be higher but must eventually be … Read More
Month: March 2021
Ahead of Market: 12 things that will decide stock action on Wednesday
Analysts said the 15,000 level will be a key hurdle for Nifty50 to watch out for. – Stocks-Markets-Economic Times
India Inc borrowing costs surge most since 2013 threatening recovery
Investors worried about increased volatility and the ability of the Reserve Bank of India to tame rising yields amid an upswing in rates globally are sticking to shorter tenors. … Read More
Govt to sell 16% stake in IRCON to raise about Rs 662 crore
The base offer is for 10% share sale while the green shoes offer is 6%. The government holds 89.18% stake in IRCON. – Stocks-Markets-Economic Times
Indian Railways Freight Loading Up 10% To 112 Million Tonnes In February
According to a statement shared by the Railway Ministry, the freight earnings stood at Rs 11,096.89 crore, up 7.7 per cent over the corresponding month last year. – NDTV … Read More
Spectrum Auction Ends With Rs 77,815 Crore Bids, Reliance Jio Top Buyer
Reliance Jio Infocomm Ltd said it acquired the right to use spectrum in all the 22 circles or zones across India. In all, it won 488.35 MHz of spectrum, taking … Read More
Dow Jones little changed at the open after strong rally
The Dow Jones Industrial Average fell 2.26 points at the open to 31,533.25. – Stocks-Markets-Economic Times
Market Watch: Will midcaps continue to steal the limelight from largecaps?
– Stocks-Markets-Economic Times
Trade Setup: Nifty prone to profit taking bouts above 15K; stay highly stock specific
From a technical perspective, subsequent to the formation of the lifetime high point of 15,431, Nifty has also formed a lower high at 15,176. – Stocks-Markets-Economic Times
Rakesh Jhunjhunwala pares stake in this smallcap stock
The ace investor sold 150,770 shares of the company at Rs 1,205.19 per share while Rare Investments dumped 387,727 shares at Rs 1,205.42 per share. – Stocks-Markets-Economic Times