Latest Stock Market News

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

In the Nifty500 pack, nine stocks crossed their previous 5-year high value at the close on June 19, suggesting bullishness in counters.

“One year back, we were underweight IT, but now we are most bullish on the IT sector” says Vivek Sharma - Director (strategy) and Head of Investments at Gulaq, a part of Estee Advisors.

ET first reported on May 29 that BPEA EQT was set to acquire the education loans business from HDFC group. ET reported that the buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period.

Private equity firm TPG Investments, through its India arm, has sold its entire stake in Shriram Finance through open market transactions on Monday.

The addition of penal interest and other charges in stressed accounts have brought down recovery ratios even though recovery of the principal amount has been high.

The power generation firm is likely to garner the funds through the issuance of 10-year bonds with a five-year put-call option, sources said.

According to the term sheet issued by BofA Sec, Timken Singapore has fixed the floor price at 3,000 a share, a 14% discount to Monday’s closing price.

The merger of HDFC Bank and HDFC Ltd will have an impact on the deposit holders of HDFC Ltd. The bank is likely to offer deposit holders of the mortgage company the option to either withdraw their funds or renew deposits at the interest rate being offered at that time. Interest rates are unlikely to change until maturity but those opting for renewal of fixed deposits would likely get marginally lower interest rates compared to what they got at HDFC.

Besides the two leaders cited above, PI Industries, Aarti In.dustries, Sumitomo Chemicals, and Coromandel International are some of the preferred picks of analysts in the space. The monsoon onset has been delayed due to Cyclone Biporjoy, resulting in deficient rainfall in June. According to the IMD, the Northwest and some parts of central India will likely receive deficit rainfall, while the Southern peninsula and North-east India are better off.