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Stock Market News | RBI may take another rate hike and pause after: Chetan Ahya
“Our Indian economist is expecting just one more rate hike. And we think that RBI will try to keep real rates around 100 basis points. We expect inflation to moderate towards 5-5.5 percent from March of next year. So, that kind of creates a space for RBI to just do one more and pause there,” says Chetan Ahya, Morgan Stanley on CNBC-TV18.
Stock Market News | Here is why shares of DLF are on the radar
In the past five days DLF shares have declined over 7 percent and in the one month the stock has gone down by 4.28 percent. (Read more)
GIC can continue to hold on: Sharad Avasthi
"GIC he can continue to hold on, what has happened over the last one or two years post-COVID is that most of the abnormalities in the general insurance and reinsurance sector have been readjusted. Most of the premiums have been worked upwards and there is a possibility that more general insurance companies would keep growing. They also have an international exposure so in India, they have around 64 percent share of the market. I think GIC can continue to hold on," says Sharad Avasthi, Head of PCG Research.
Stock Market News | Max Financial sees close to 70 lakh shares exchange hands in multiple large trades
The Max Financial stock on Wednesday slipped as much as 2.7 percent in early trade to hit an intra-day low of Rs 680.15. (Read more)
Stock Market Updates | Sell Union Bank of India, JSW Energy: Manish Hathiramani
Here are two recommendations Manish Hathiramani of Deen Dayal Investments
-- Sell Union Bank of India for a target of Rs 78.50 with a stop loss at Rs 89
-- Sell JSW Energy for a target of Rs 265 with a stop loss at Rs 290
Buzzing Stock | Shalby shares trading nearly 3% higher
The Ahmedabad-based hospital chain has announced that its arm Mars Medical Devices Ltd will convert loans worth $7 million into stocks. (Read more)
Stock Market News | BPCL approves Rs 35,355 crore capex plan
BPCL will spend the capex on laying the piped gas network, building and operating of eight City Gas Distribution projects. (Read more)