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Indian market closed in the red for the third consecutive day in a row on Tuesday. Benchmark indices closed flat with a negative bias.

Adani merges step-down subsidiaries with ANIL

Updated at : 2024-10-02 15:40:02

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Adani Group merged two subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Limited. The subsidiary focuses on low-carbon projects such as green hydrogen, wind turbines, and solar modules. Key parts production like solar glass and aluminium frames is underway. TotalEnergies holds a 25 percent stake in ANIL.

Sebi introduces measures to curb speculative trading in derivatives, including increased contract sizes and upfront premium collection, aiming to protect investors while potentially limiting trading flexibility and broker revenues.

Non-Performing Assets (NPAs) are past due debts. As Q1 FY25 results are near, investors should track NPAs. Many banks, like Canara and Federal Bank, reported declines.

Zaggle Prepaid Ocean Services has doubled investor wealth in a year. Equirus Securities maintains a LONG rating with a target of Rs 595, indicating a potential 36% upside from Rs 436.

Indian indices ended flat amid mixed performances, with Reliance and HDFC Bank dragging down. Analysts recommend stocks like Chambal Fertilizers and EID Parry for potential gains amid cautious sentiment.

Nifty PSU Bank faces challenges but October seasonality suggests potential recovery. Analysts expect Canara Bank, Bank of Baroda, and SBI to lead a possible rally.

Six Gandhian principles like self-reliance, goal-focused investing, disciplined SIPs, patience, non-violence, and fostering financial inclusion can guide investors to achieve long-term financial stability and growth.

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In just eight days, China regained the influence it lost over 10 months in emerging markets.

The demand for copper copper’s conductivity and durability make it indispensable for electrical systems, wind turbines, and solar power generation.

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