Oil prices remained volatile in 2022 driven by geopolitical tensions, demand worries
Prices surged to 14-year high of $140 per barrel in March but have now tapered off to around $80 per barrel…. Read More
HG Infra Engineering bags road project from NHAI, in HaryanaHG Infra Engineering has received the Letter of Award from National Highways Authority of India (NHAI) for the road project in Haryana. The company will construct 6-lane greenfield Karnal ring road under Bharatmala Pariyojana in Haryana on hybrid annuity mode (HAM) within 730 days, and the bid project cost is Rs 997.11 crore.
Top stock picks by brokerages for calendar year 2023
Experts see the Indian markets continuing the outperformance of 2022 vis-à-vis other global markets, in 2023 too. Companies and sectors focussed on the domestic market could do well. One caveat however, is that there may not be big upsides…. Read More
LTS Investment Fund sells 1.4% stake in New Delhi TelevisionLTS Investment Fund sold 9.09 lakh shares (1.4% stake) in New Delhi Television via open market transactions at an average price of Rs 339.03 per share. As of December 23, it had reduced its shareholding in the company to 5.08%, from 7.42% earlier.
LTS Investment Fund sells 1.4% stake in New Delhi TelevisionLTS Investment Fund sold 9.09 lakh shares (1.4% stake) in New Delhi Television via open market transactions at an average price of Rs 339.03 per share. As of December 23, it had reduced its shareholding in the company to 5.08%, from 7.42% earlier.
Morgan Stanley Asia offloads 0.6% stake in KFin Technologies
Morgan Stanley Asia (Singapore) Pte has sold 10 lakh shares (0.6% stake) in KFin Technologies via open market transactions, at an average price of Rs 365.04 per share.
Morgan Stanley held 1.45% stake in the company before listing of shares on Thursday.
KFin Technologies was quoting at Rs 361.65, down Rs 2.35, or 0.65 percent.
BSE Realty index rose 1 percent supported by Sobha, Indiabulls Real Estate, Prestige Estate
Promoter Rising Sun Holdings buys additional stake in Poonawalla Fincorp
Promoter entity Rising Sun Holdings has bought additional 2.19% stake in Poonawalla Fincorp via open market transactions. With this, its shareholding in the company increased to 62.05%, up from 59.86% earlier.
Poonawalla Fincorp was quoting at Rs 307.00, up Rs 1.05, or 0.34 percent.
Ravindra V. Rao, CMT, EPAT VP-Head Commodity Research, Kotak Securities
COMEX gold is set to end the year flattish after having a bumpy ride the whole of 2022. As of this writing gold is trading near $1824/oz, near the 2021 close of $1828/oz after hitting a high of $2078/oz and a low of $1618/oz.
In Q1 2022 Russia-Ukraine war pushed the price near all-time highs, while broad dollar strength crushed the commodity to two-year lows in Q3. On the domestic front MCX gold was more resilient, particularly due to the sharp depreciation in Indian Rupee against the US Dollar.
On a YTD basis MCX Gold is up by around 15%. Although consumer demand and Central bank demand was strong in 2022, investment demand turned out to be weak. Prospects of the Fed pivot to slower pace of rate hikes coupled with a looming global recession might support gold in 2023.
Daily Voice | Financial services, healthcare, auto, metal look attractive under value investment framework, says Amit Premchandani of UTI AMC
Renewable power, electric vehicle ecosystem and sectors that have seen PLI benefits could drive the capex push, says the fund manager…. Read More
Elin Electronics lists at 1.5% discount to issue price at Rs 243
The last listing for this calendar year – Elin Electronics – failed to create sparks on Dalal Street as the shares opened at 1.5 percent discount to issue price on December 30.
The stock started trading at Rs 244, against an issue price of Rs 247 on the NSE, and the opening price on the BSE was Rs 243.
Market at 10 AMBenchmark indices were trading higher with Nifty around 18250.The Sensex was up 170.90 points or 0.28% at 61304.78, and the Nifty was up 51.80 points or 0.28% at 18242.80. About 2237 shares have advanced, 639 shares declined, and 113 shares are unchanged.
