European shares climbed on Wednesday, led by retailers after Spanish fast-fashion giant Inditex reported its second-quarter results, while Novo Nordisk also rose following the Wegovy maker’s announcement of restructuring steps, including job cuts. The pan-European STOXX 600 was up 0.4% at 554.9 points, as of 0715 GMT, hovering near a two-week high. Retailers led sectoral […]
Nepal turmoil a minor hurdle, GST cuts to lift FMCG growth: Abneesh Roy
Political unrest in Nepal has sparked concerns for FMCG companies with exposure in the region. However, recent GST cuts and easing pressures in the paints sector are expected to cushion the blow, according to Abneesh Roy. Nepal Unrest: Limited Impact Firms like ITC, Marico, HUL, Varun Beverages, and Bikaji have some presence in Nepal, but […]
Oracle shares rise 31% on $500-billion cloud revenue prospects
Shares of Oracle rose 31% in Frankfurt on Wednesday, a day after the company said it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars. The move in Frankfurt was slightly larger than Oracle’s move in after-hours trading on Tuesday and also boosted European stocks such as German software […]
Test for SIP investors: Will a Rs 2.8 lakh crore IPO pipeline squeeze India’s equity lifeline?
India’s primary market is bracing another record period of IPOs with an expected pipeline of nearly Rs 2.8 lakh crore. The line-up features Tata Capital, LG India, NSE, Hero FinCorp and a clutch of digital-first firms like Groww, PhonePe, Meesho, Shadowfax and WeWork India. The scale of this pipeline has the potential to suck out […]
Titagarh Rail, JSW Infra among 6 stocks with White Marubozu Pattern on September 9 – In Demand
On September 9, six stocks with a market capitalization of over Rs 10,000 crore appeared on the bullish scanner of “White Marubozu” in the NSE list, according to StockEdge.com’s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given […]
Sun Pharma shares in focus after USFDA flags ‘official action indicated’ status for Halol facility
Shares of Sun Pharmaceutical Industries will be in focus on Wednesday, September 10, after the company disclosed that the U.S. Food and Drug Administration (FDA) has classified its Halol manufacturing facility under “Official Action Indicated” (OAI) status. The classification follows an FDA inspection conducted at the Halol site between June 2 and June 13. According […]
Patanjali Foods 2:1 bonus issue: Last opportunity to buy shares for eligibility today
Investors eyeing the upcoming bonus issue of Patanjali Foods need to act fast, as today is the last trading day to purchase shares and become eligible. The company has fixed Thursday, September 11, as the record date, and only shareholders on the books by then will receive the additional shares. Patanjali Foods recently declared a […]
stock radar: Consumer Stocks Gain Momentum: Ajit Mishra Expects Titan to Rise Towards Rs 4,190 – The Economic Times Video
“We are seeing fresh traction in the consumer-facing sectors and stocks, and Titan Company is trading in sync with the move. Traders can buy for a target of Rs 4190 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Show more Show less Source link
Sebi: SAT asks Sebi to explain why it withheld documents from Jane Street
Mumbai: The Securities Appellate Tribunal (SAT) on Tuesday directed the capital markets regulator to file a reply detailing the reasons for not disclosing certain documents to the US trading firm Jane Street within three weeks. The tribunal was hearing Jane Street’s plea against the Securities and Exchange Board of India (Sebi), saying the regulator was […]
Eicher Motors shares up 22% in a month. Will GST-led premiumisation drive further upside?
Having surged 22% in the last month, Eicher Motors, the maker of Royal Enfield, could rally further, Bank of America Securities said. While maintaining its Buy call on the stock, the brokerage has raised the target price to Rs 7,500 (from Rs 6,300), implying an upside potential of nearly 10%. The stock ended over 1% […]