Importantly, Nifty has rolled inside the improving quadrant of the RRG; this may lead to the large-caps starting to relatively outperform the broader mid and small-cap space over the coming weeks. A stable start is expected for the week; the levels of 19880 and 20075 may act as resistance points. The supports are likely to come in at 19535 and 19410.
Bank of Baroda to raise upto Rs 15,000 crore via tier-II debt, infrastructure bonds
The bank will issue 10-year tier-II bonds worth Rs 2,000 crore, with the greenshoe option to raise another Rs 3000 crore. Further, the bank will issue 7-year infrastructure bonds amounting to Rs 2,000 crore, with a greenshoe option to raise an additional Rs 8,000 crore.
Sudip Bandyopadhyay on Nifty Bank’s trajectory and RBI’s new policies
“The pulling of the brake by the RBI on this unsecured lending by banks and other lending institutions is a welcome step.”
NBFCs likely to see rise in bond market borrowing costs
On Thursday, among other steps aimed at de-risking the credit market, the RBI announced an increase in risk weights on loans given by banks to NBFCs, effectively pushing up capital needs for all classes of lenders. That will mean higher interest rates for all borrowing segments.
Ola Electric converts into public limited company ahead of IPO filing
The conversion of a private limited company into a public company is a mandatory step for a firm that wants to list on the stock exchange. Consequently, the name of the firm has been changed to Ola Electric Mobility Ltd from Ola Electric Mobility Private Limited, according to the regulatory filings.
Oil perks up after sharp week-long selloff on supply, demand concerns
Brent futures rose $1.34, or about 1.7%, to $78.76 a barrel by 1349 GMT. U.S. West Texas Intermediate crude (WTI) was at $74.1, up $1.2, also roughly 1.7%.
Taking Stock: Market in red as RBI loan move weighs heavy, PSU banks worst hit
SBI, Axis Bank, ONGC, BPCL and Bajaj Finance were among the top losers on the Nifty, while gainers included SBI Life Insurance, HDFC Life, Apollo Hospitals, Larsen Toubro and Hero MotoCorp.Taking Stock: Market in red as RBI loan move weighs heavy, PSU banks worst hit
SBI, Axis Bank, ONGC, BPCL and Bajaj Finance were among the top losers on the Nifty, while gainers included SBI Life Insurance, HDFC Life, Apollo Hospitals, Larsen Toubro and Hero MotoCorp.What#39;s keeping Nifty afloat while banks crack under RBI#39;s risk-weight action
Frontline financial names like SBI, Axis Bank, Bajaj Finance and HDFC Bank were trading lower but insurance, paints, auto and pharma names cushioned the fallAlibaba shares dive more than 7% after cloud service called off
In a move that shocked investors, the Hangzhou-based tech giant said Thursday that US curbs on exports of advanced chips had forced it to call off the spinoff of its cloud computing arm.