The GIFT Nifty is indicating a start deep in the red for the equity markets. US markets too are likely to see pain continuing after the sell-off witnessed across Thursday and Friday. In a scenario like this, what should investors do? How should they position themselves? What lies ahead for the equity markets, particularly in […]
Nomura upgrades Shree Cement to ‘buy’, sees stock touching levels of ₹34,000 – CNBC TV18
Brokerage firm Normura has upgraded its rating and raised its price target on Shree Cement Ltd., on Friday, March 28, projecting an 11.6% upside from its previous closing price. The brokerage now has a “buy” rating on the stock from its earlier rating of “neutral” and has raised its target on the cement major to […]
Money-losing retail crowd keeps buying stocks as US markets teeter – CNBC TV18
In a stock market battered by trade turmoil and growing fears of an economic slowdown, retail investors are doubling down, undeterred as their losses mount. Individual traders pumped more than $12 billion into US equities in the week ending March 19, retail-trading data from JPMorgan Chase & Co. showed. The pace of buying was significantly […]
Systematic funds turn net short on US stocks for the first time in over a year – CNBC TV18
Trend-following systematic funds turned net short on US stocks for the first time in more than a year, leaving Wall Street to pore over spreadsheets to find how big a rally is needed to lure them back as buyers. These commodity trading advisers, or CTAs — which take their cues from the stock market direction […]
Axis Bank shares are a ‘top pick’ for Nomura on inexpensive valuations; check latest price target – CNBC TV18
Axis Bank snapped a three-day gaining streak on Friday, February 21, even after brokerage firm Nomura included the Mumbai-based private lender as one of its top picks. Company Value Change %Change Nomura maintained a “buy” rating on Axis Bank with a price target of ₹1,230, which implies a potential upside of 21% from Thursday’s closing […]
Foreign funds buy Afcons Infrastructure shares for ₹450 crore via bulk deals – CNBC TV18
Foreign funds including Goldman Sachs, Jupiter India, and Nomura picked up nearly one crore shares of Afcons Infrastructure through bulk deals on Monday. The shares were acquired at an average price of ₹449.24 each, compared to the initial offer price of ₹463.00, according to bulk deal data from the NSE. The sellers were not immediately […]
China’s stock boom may turn to bust as in 2015, Nomura warns – CNBC TV18
Investors should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic, said Nomura Holdings Inc. In the most gloomy scenario, “a stock market mania would be followed by a crash, similar to what happened in 2015,” economists […]
HDB Financial eyes $9-10 billion IPO by March 2025 – CNBC TV18
HDFC Bank Ltd is moving ahead with plans to take its non-banking arm, HDB Financial Services, public, with a potential listing targeted for December or, at the latest, by the end of the current financial year, people familiar with the development said. The initial public offering (IPO), likely a combination of secondary sale and fresh […]
PE firm Warburg Pincus sells 6.45% stake in Kalyan Jewellers for ₹3,584 crore – CNBC TV18
Private equity major Warburg Pincus on Thursday (August 22) sold a 6.45% stake in jewellery retailer Kalyan Jewellers for ₹3,584 crore via open market transactions. Meanwhile, the Singapore government, Fidelity, Nomura, HSBC Mutual Fund (MF) and Citigroup Global Markets acquired stakes in the company. US-based Warburg Pincus through its affiliate Highdell Investment Ltd offloaded shares […]
INQ Holdings, SBI funds, Citigroup biggest buyers in Adani Energy’s $1 billion QIP – CNBC TV18
A unit of Qatar Investment Authority, SBI Mutual Fund, and foreign investment funds Nomura and Citigroup were the biggest buyers of shares in Adani group’s power transmission unit’s $1 billion QIP, according to a stock exchange filing by the company. The ₹8,373.10 crore ($1 billion) qualified institutional placement (QIP) of Adani Energy Solutions Ltd (AESL), […]