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Anand Tandon, an independent analyst, highlights the continued strength in sectors like insurance, housing finance, and travel tourism. He also discusses the cautious outlook on metals and IT, while noting the potential in infrastructure and energy sectors. The Indian market remains optimistic despite global concerns and is on a trajectory of its own, he says.

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​The second one is as far as the ice cream business is concerned, the business is not very large as far as HUL is concerned. It contributes just maybe 2.5-3% to total sales and it is under-indexed in terms of margins.

Domestic markets rebounded on Monday, ending a four-day losing streak due to a rally in blue-chip stocks. Bajaj Finance rose 0.34%, Tata Technologies declined 3.13%, and Minda Corp fell nearly 0.4%. Analysts suggest potential gains for Bajaj Finance and Tata Technologies, while advising caution with Minda Corp until a confirmed breakout.

TV Today Network and 10 other companies will be in focus today as they have set September 11 as the record date for determining shareholders eligible for dividend payments. Today is the last day to buy shares to qualify for dividends. Dividends are paid to shareholders listed on the record date.

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Gold prices remained stable as market participants await August inflation figures for potential Federal Reserve interest rate cuts. Spot gold was flat at $2,504.98 per ounce, while U.S. gold futures edged higher. Traders are focused on upcoming U.S. CPI and PPI data for further economic insights.

Investors have benefited significantly from companies that underwent demergers in the past year, with market values increasing by up to 450%. Companies like Edelweiss Financial, Shipping Corp of India, and TVS Holdings saw substantial gains. Demergers allow better value creation and alignment with industry trends, leading to improved market performance.

Traders have turned bearish on Power Finance Corp and REC, with both stocks experiencing declines amid a broader market correction. Analysts predict further drops as investors shift focus from power sector PSUs to defensive sectors. Recent profit booking has contributed to the downward trend in these stocks.

IndusInd International Holdings plans to raise ₹3,000 crore through non-convertible debentures to finance its acquisition of Reliance Capital. The NCDs will be zero-coupon, senior secured, and redeemable, maturing in 2028. The Hinduja Group aims to raise a total debt of ₹7,300 crore for the acquisition, with part of it from private credit funds.

REC lends Azure Power Rs 2,400 cr to prepay bonds

Updated at : 2024-09-10 08:25:02

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Azure Power will prepay $310 million of green bonds maturing in December 2024 using a loan from REC. The bonds, issued in 2019, funded renewable energy projects. This move follows concerns over covenant breaches after Azure Power delisted from the NYSE in July 2023. REC aims to expand its green finance portfolio.

PN Gadgil Jewellers Ltd has raised Rs 330 crore from anchor investors ahead of its IPO opening. The IPO, valued at Rs 1,100 crore, includes a fresh issue of shares worth Rs 850 crore and an offer for sale of Rs 250 crore. The funds will be used for new stores, debt repayment, and corporate purposes.

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