BENGALURU – Zomato is the most-valuable internet stock in Asia’s third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose nearly 5% to 173.5 rupees. India’s several new-age internet companies that hit the markets during the IPO frenzy in 2021 jumped after listing but slumped eventually …
Indian equities ended marginally down on Friday, but benchmark indices clocked weekly gains for the third consecutive time. The weakness on Friday was largely due to the selling pressure in the banking and financial services sector following the Reserve Bank of India’s move to tighten rules on unsecured consumer loans. This move saw shares of …
Over time, the National Stock Exchange (NSE) and BSE launched a stock lending and borrowing (SLB) mechanism that offered similar flexibility, but with tighter rules. SLB is not used widely these days as traders mostly rely on the equity derivative market—the futures and options (F&O) segment—for leveraged bets, bearish trades (buy put-sell call options/sell futures), …
Brokerage firm BofA downgraded Nykaa to neutral, CLSA is positive on Adani Ports, and Motilal Oswal reiterated a buy on Apollo Hospitals and Life Insurance Corporation. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on Nykaa: Neutral | Target Rs 160 BofA Securities downgraded Nykaa …