Market experts attribute the decline in trading activity of retail investors to the swift reopening of the economy. Since June, households have had more avenues to spend — such as vacations, shopping, revenge buying and so on.
Hyderabad-based Vijaya Diagnostic is eyeing to raise Rs 1,895 crore through its IPO. The issue entirely consists of an offer for sale (OFS) by promoters and existing shareholders of the company.
“I am not much concerned about the market valuations. We have a lot of good opportunities coming up on the large cap side and it is going to be a market of stock selection going forward.â€
" We are seeing a collection efficiency of about 90% which is a very good trend. "
“We have been positive on a few themes like specialty chemicals, API and technology but are always careful about valuations.â€
AirAsia India posted an annual loss of Rs 1,532 crore for 2020-21 against Rs 782 crore in the previous year, according to its annual report filed with the corporate affairs ministry.
The global crypto market cap managed to hold near the $2 trillion mark, declining just a per cent compared to the last day. Similarly, the total crypto market volume declined about 3 per cent to $113.77 billion.
The Taliban victory in Afghanistan has raised concern in Turkey, a staging post for many migrants trying to reach Europe and already home to nearly 4 million Syrians, of a new influx of refugees. It has ramped up security on its border with Iran - but some Afghans are still getting through.
Most brokerages have a ‘Buy’ rating on Bharti Airtel. CLSA, for example, has a target price of Rs 730, Goldman Sachs Rs 675 and Jefferies Rs 685.
The NSE Nifty index was trading 31.8 points up at 16666.45
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