Cyient sold around 1.2 crore shares of Cyient DLM at an average price of Rs 766/sh in an Rs 883 crore block deal today. Cyient had previously announced its intention to sell up to 1.15 crore shares, or a 14.5% stake, in its subsidiary. Following the deal, Cyient shares were up 1.6% at Rs 1,965 on the BSE, while Cyient DLM shares were down 0.65% at Rs 783.
Russian President Vladimir Putin has pledged a decisive response to the first invasion of Russian territory since World War II. But so far, the response has been focused on containing the incursion rather than reversing it, raising the question of what Russia's depleted military is willing to risk to expel the invaders -- or if it is capable of doing so.
On August 20, the closing prices of five stocks from the Nifty500 pack rallied over 2% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.
On Wednesday, the Indian stock market experienced a minor downturn driven by financial and IT stock declines. The Sensex dropped 98 points, while the Nifty50 decreased by 17 points. Investors awaited the U.S. Federal Reserve meeting minutes for clues on rate cuts. Foreign investors continued to sell, while domestic investors showed buying interest.
Shares of PNB Housing Finance jumped 10% to Rs 893.60 on the BSE after General Atlantic reportedly sold a 5.4% stake via a pre-market block deal. According to IIFL Securities, General Atlantic intended to sell 1.33 crore shares at Rs 775 each to raise Rs 1,033 crore.
A 5-year breakout occurs when a stock's price surpasses a key resistance level that has been established for five years or longer.
On Tuesday night, Michelle was back. She stood before an adoring crowd at the Democratic convention and drew concrete parallels between her Black American story and Kamala Harris' "person of color" immigrant story. Mothers were the linchpin of her cultural analogy. "Her mother is like mine, and like yours," she said.
After a robust performance, 30 PSU stocks have entered the bear market, prompting mutual funds and FIIs to reduce stakes. Despite strong government reforms bolstering these stocks, experts indicate current valuations are high and a correction period may be necessary. PSUs with high capital efficiency may continue to attract investors.
Vjiayan had on Monday expressed the government's strong displeasure over banks deducting monthly installments of loans from the accounts of landslide victims and survivors in Wayanad, and demanded that these loans be written off completely.
Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 131533.60 Crore).
"BSP supports the Bharat Bandh because there is anger and resentment against the Supreme Court's August 1 decision regarding the sub-classification of SC/ST and the creamy layer among them due to the conspiracy against reservation by parties like BJP and Congress and their collusion to make it ineffective and eventually end it," BSP president Mayawati said in a post in Hindi on X.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 829883.24 Crore).
In the options market, the highest Open Interest (OI) for Call options is concentrated at the 25,000 and 25,500 strikes. For Put options, the maximum OI is at 24,500 and 24,000 strikes. Call writing activity is observed at 24,700 and 25,000 strikes, while Put writing is seen at 24,700 and 24,600 strikes.
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1245982.19 Crore).
At a 'Sadbhavana Diwas' event, Congress president Mallikarjun Kharge called the BJP 'poison' and urged for its complete removal. Uddhav Thackeray, attending his first Congress event, described Congress as a better ally. NCP's Sharad Pawar was present too. Kharge stressed the critical role of the Maharashtra state assembly elections in countering BJP's constitutional amendments.
Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 31721.61 Crore).
Saurabh Mukherjea's Marcellus PMS has added CMS Info Systems, Coforge, and Escorts Kubota to its Rising Giants fund and exited Tata Elxsi. The changes aim to diversify the portfolio and boost earnings growth. Coforge has new leadership, while Escorts Kubota aims to expand its tractor market share.
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 360940.79 Crore).
Bengaluru faced severe traffic disruptions and waterlogging on Tuesday due to heavy rains as part of the active southwest monsoon. Key areas, including Outer Ring Road and Hebbal Circle, were significantly affected. Ongoing infrastructure work and vehicle breakdowns worsened the situation. Further rainfall is anticipated, impacting the city throughout the week.
UTI Asset Management Company Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 14278.87 Crore) operating in Financial Services sector.
HDFC Bank is tackling a talent shortage in its wealth management sector by recruiting retail bankers from within and outside the organization. The bank's wealth team, which grows by up to 20% annually, manages wealthy clients in numerous cities. However, expanding in smaller towns is difficult due to a shortage of both high-net-worth individuals and qualified professionals.
The dollar and gold prices move inversely. As the Federal Reserve raised rates, the dollar strengthened, and gold prices dipped. Now, with weaker economic data and potential rate cuts, the dollar might decline further, supporting gold prices.
US Presidential elections: Barack Obama supported Kamala Harris in her bid for the U.S. presidency, emphasizing America’s readiness for her leadership. Speaking at the Democratic National Convention, Obama reflected on Harris' life-long efforts to provide equal opportunities, suggesting she is equipped to lead the nation into a new era.
JP Morgan maintained an overweight rating on Cyient, targeting Rs 2,100. BofA continued to favor Varun Beverages with a target of Rs 1,840, citing strong fundamentals. UBS retained a buy rating on Avenue Supermarts, setting a target price of Rs 6,000 due to strong demand and sales growth.
