Skip to main content

Crude oil imports at record high, 100% FDI for satellites, & more - Groww Digest

  •  Indian markets opened almost flat compared to yesterday’s closing level.
  • Nifty 50 fell till afternoon and started rising after that, to end in green.
  • IT and auto stocks rose the most.
  • Japan’s Nikkei index rose to its all-time high after 1989.
More
India's crude oil imports stood at 21.39 million metric tons in Jan, highest in 21 months.
The Indian government has allowed 100% Foreign Direct Investment (FDI) for satellite component making companies.

Jio added 39.94 lakh subscribers in Dec, Airtel added 18.5 lakh. Vodafone Idea and BSNL lost 13.68 lakh and 1.5 lakh respectively. Airtel had 98.9% active subscribers. Jio: 92.32%.

Fair and remunerative price of sugarcane has been increased by 8% for the 2024–25 season.

India's mineral output increased by 5.1% in December as compared to the year-ago period.

The government has allowed traders to export 54,760 tonnes of onion to Bangladesh, Mauritius, Bahrain, and Bhutan till 31 March.

Uber is one of our most challenging markets for growth. We plan to expand our low-cost services: company CEO.

Climate-tech company Varaha raised $8.7 million.

Stocks in News

Grasim: launched its paints brand 'Birla Opus'.

IRB Infra: will raise Rs 4,556.2 cr through foreign currency-denominated notes.

RVNL: company’s joint venture with Salasar Techno Engineering emerged as the lowest bidder for a transmission project in Madhya Pradesh. Project is worth Rs 174 cr.

Olectra Greentech: got a Rs 4,000 cr order from Mumbai's Brihanmumbai Electric Supply and Transport.

GMDC: approved capital expenditure of Rs 3,041 cr for Financial Year 2025.

Vodafone-Idea (Vi): board to meet on 27 Feb to consider fundraising.

SpiceJet: received Rs 316 cr funding.

Airtel: to start mobile services on airplanes of 19 airlines including Etihad Airlines, Emirates, Cathay Pacific, etc.

IPO Corner
Subscription
Juniper Hotels: subscribed 0.23 times. Retail subscription: 0.87 times.

GPT Healthcare: subscribed 0.37 times. Retail subscription: 0.66 times.


Comments

Post a Comment

Popular posts from this blog

Stock Market Crash: Why was there an uproar in the stock market? These are 5 big reasons

 Stock Market Crash: Indian stock markets suddenly crashed on Wednesday 20th December. Sensex took a dive of 930 points. Nifty closed with a loss of 300 points. The fall was so sharp that investors lost Rs 9.32 lakh crore in a day. Experts say that there is not just one reason behind this decline, but many reasons. Stock Market Crash: Indian stock market on Wednesday 20 December  Suddenly he collapsed. Sensex took a dive of 930 points. Nifty closed with a loss of 300 points. The fall was so sharp that investors lost Rs 9.32 lakh crore in a day. Experts say that there is not just one reason behind this decline, but many reasons. This ranges from profit booking, increase in Covid cases in some parts of the country, rise in crude prices, FII's. 1. Profit booking A major reason behind Wednesday's fall in the stock market was profit-booking. The market was touching new peaks every day for the last few days. In such a situation, market observers were expecting a good profit boo...
Post a Comment
Read more

BIG BULL RAKESH JHUNIJHUNWALA TRIMS STAKE IN TOP 10 STOCKS, ADDS ONE NAME TO PORTFOLIO: FIND OUT DEATAILS

the recent rally in metals, real estate and media stocks had led to some overvaluation, feel experts. sectors like metals might remain under pressure for the near term due to global constrains .  Renowned investor and ‘big bull' Rakesh Jhunjhunwala churned in his stock portfolio during the quarter ended June 2022, and partially or completely exited from 10 stocks, while adding one name. The ace investor marked a re-entry into a stock he had exited during January – March period, as he bought 1.4 per cent stake in farm equipment / industrial auto major, Escorts Kubota Ltd. At the end of December 2021, Jhunjhunwala's holding was at 5.4 per cent of total shareholding of the company. Now, the total value of his stake in the company stands at ~Rs 300 crore. With the correction in metals and crude prices, experts believe that the demand for farm equipment should rise, with a good monsoon boosting tractor sales. “India has so far received good rainfall this time and demand pickup was s...
Post a Comment
Read more

Dalal Street week ahead 10 key factors that will keep traders busy

After recent corrections from record high levels, the market is expected to be largely volatile and rangebound in the coming week, with focus mostly on global cues given the lack of domestic triggers, experts said.... Selling pressure sustained with bears tightening their grip over Dalal Street in the week ended December 16. The hawkish tone with hints of more rate hikes to control inflation by Federal Reserve after 50 bps hike in interest rates in December policy meeting, and growing recession fears in developed nations weighed on the market sentiment.  After  recent correction from record high levels, the market is largely expected to be volatile and rangebound in the coming week, with focus mostly on global cues given the lack of domestic triggers, experts said.     Most of sectors slipped into the red with maximum pressure in FMCG, technology, and MNC, while Bank Nifty also fell nearly a percent for the week largely on profit booking after crossing 44,000 mark du...
1 comment
Read more