Citi initiates the coverage on SBI with ‘buy’ rating, RS sets 1,050 target price

Global Brokerage Citi has reset the coverage on State Bank of India (SBI) with a ‘buy’ rating and a target price of RS 1,050, which indicates a bullish look at the largest public lender of India. The move stems from the conviction of CITI in SBI’s strong visibility of credit growth, improving return statistics and […]

JD cables IPO shares to mention today; Decent GMP keeps investors interested

JD cables, the manufacturer of Howrah-based cables and conductors, will make his debut on Thursday on the BSE SME platform. The RS 95.99 Crore issue received a strong response from investors and concluded a subscription of 127.8 times. The IPO, which ran from 18 to 22 September, was priced in the reach of RS 144 […]

Dollar remains strong as Fed Rate Cut Wagers Wobble, Data in Focus

The US dollar was stable on Thursday and held its overnight profits, because traders weighed the prospect in a measured FED soup soup cycle after a cautious tone of policy makers pending data that can outline the impact of rates. This year, traders have priced in 43 basic points in the remaining two policy meetings, […]

Domestic stock markets are falling for the fourth consecutive session in the midst of H-1B visa.

Mumbai: Domestic stock indices extended losses for a fourth consecutive session on Wednesday, because uncertainty about the US economic actions against India kept investors to the Edge. NSE Nifty fell 112 points, or 0.45%, to close to 25,056, while the BSE SENSEX 386 points or 0.5%fell to 81,715. Both benchmarks have lost 1.4% and 1.6% […]

Polycab India Block Deal: Promoters who probably sell a 0.8% interest worth RS 887 Crore on Thursday: report

Promoters of wires and cable company Polycab India are likely to load up to 0.81% interest in the company on Thursday via block offers. The floor price has probably been set at RS 7,300 per share, so that the dealer size is brought to RS 887.6 Crore. The floor price has probably been set at […]

Prior to the market: 10 things that will decide on the stock exchange action on Thursday

The Indian market fell for a fourth consecutive session on Wednesday, with financial and it shares the leading losses on the Sensex and Nifty after the worries of the Visa rules of the American H-1B investors kept restless. The decreases were wide, with ongoing foreign outsourcing, the hope for a boost from the festive season […]

Akzo Nobel India Block Deals: Promoter discharges RS 765 Crore Stake; Nippon, Goldman, Citi under buyers

Akzo Nobel India’s Promoter Entity Imperial Chemical Industries has today sold more than 22.77 LAKH shares worth RS 765 Crore through several blocks to Marquee International and domestic funds. The shares were sold at a price of RS 3,358.8 each to Goldman Sachs, Citigroup, BNP Paribas, Societe Generale, Morgan Stanley, Nippon India Mutual Fund, Aditya […]