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A committee would oversee sale of the assets and the money will be utilized for repaying the investors. The committee was formed following an order passed by Calcutta High Court in May 2015.
J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to \”hold\” ratings, as they wait for clarity on the social media company\’s user growth, while staying bullish on ad-revenue growth and artificial intelligence (AI) initiatives.
Aditya Arora provides insights on stock recommendations, including ONGC and Thermax. He also advises on Senco Gold\’s strong performance, the bullish outlook on the metals pack, trading opportunities in Vodafone, and key levels for Nifty and Bank Nifty. Arora says: \”The metal index is trading at 9002 odd levels. I still think it is a buy; the upside which I see is 9500 to 9600.\”
Nifty on Friday ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous three sessions, indicating weakness. The index is in the process of retracing the rise it has witnessed from 22,710 – 22,776.
How about leaving a tip in rupees at a beach bar in Pattaya or a spa in Bangkok? Well, that could be a reality if India can pull off a currency deal with Thailand, which has emerged as one of the preferred destinations for holidays, conferences and corporate offsites, especially since the visa relaxation last year.
“The investment in metals has not kept pace with the implied demand and typically for any mining capacity to come onstream it takes 10 to 15 years.”
ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, City Union Bank and Tata Motors are among the stocks recommended by analysts for the short term.
“The investment in metals has not kept pace with the implied demand and typically for any mining capacity to come onstream it takes 10 to 15 years.”
“Till Nifty is holding about 22,500, 22,400, trend is likely to remain on the bullish side and buy on dip should be your strategy. On the higher side, once again, Nifty spot manages to cross above 22,650, 22,700, then this rally can extend further and a possible target we could see towards the 22,800 to 23,000 level.”
Q4 results: Apart from the IT majors Wipro and Infosys, leading financial companies HDFC Bank and Jio Financial will also report their quarterly earnings during the week.
Investing.com — The Dow plunged Friday, as major Wall Street banks kicked off the earnings season with disappointing results, stoking worries about the strength of the upcoming earnings season at a time when inflation jitters remain front and center.
HDFC Bank\’s stock reacts to MUFG\’s 20% stake purchase in HDB Financial Services at $9-10 billion valuation pre-IPO.