Latest Stock Market News

“There is definitely an arbitrage opportunity in IDFC and IDFC First and if you want to get into IDFC First Bank, buying shares of IDFC may give 4-5% price advantage because I also feel that the ratio will be slightly in favour of IDFC shareholders rather than IDFC First. It is a marginal benefit and both these companies are going to be under one entity, one listing and you could buy either of them.”

A total of 79,162 shares changed hands on the counter till 02:10PM (IST)

At 12:15 pm, the scrip was trading 6 per cent higher at Rs 48 over its previous day’s closing price of Rs 45 apiece. The stock has risen 25 per cent in the last six months while it has surged nearly 61 per cent in the last one year.

Revival of retail and institutional demands on the back of receding monsoon and pick up in construction activities owing to lower prices of building raw materials are likely to aid cement companies going ahead

“We believe that the FMCG space provides a greater margin for safety and one could make 12-15% from current level also and that is under our consumption space. Under consumption, we also like the QSR space. It is a very good category which has delivered superior returns in the last couple of years and we are betting on Westlife Development under the QSR.”

The issue will ensure one rights equity share for every two fully-paid up equity shares held by the eligible shareholders of the company as on the record date.

"COMEX gold edged slightly higher as traders cautiously await highly anticipated US inflation data later today," said Dilip Parmar, Research Analyst at HDFC Securities.

“Near term because China is so cheap and India goes through this kind of a course correction where we are a current account deficit country, it may work to China’s advantage and China may outperform India. For the India funds, we are more defensive from the next 6-9 months’ perspective. Longer term, it is a strong domestic story. ”

"We want to see how the market reacts. The CPI has been making big movements each month of late, and this time it could fluctuate significantly either upwards or downwards, so we expect investors will want to reduce positions in advance," Akino said.

The consumer electronics retailer is commanding a premium of Rs28-30 in the unofficial market