Sensex slips 38 pts as metal stocks crack
Exchange-traded funds group-level exposure will be capped at 25 per cent, says regulator.
While investors have preferred to stay on the sidelines on Paytm stock, Goldman Sachs believes the risk-reward for Paytm are skewed to the upside
FDI equity inflows into India contracted marginally by 1 per cent to $58.77 billion during 2021-22, according to official data.
The Nifty metals index fell as much as 8.9% on Monday, the fastest rate of decline since March 2020, while the Nifty auto index rose 2.9%
Metal stocks faced heavy drubbing on Monday, with Jindal Steel & Power cracking over 17 per cent, after the government imposed export duties on steel-making raw materials.
Business Standard brings you the top headlines on Monday
Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas.
CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.
The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26.
According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.
In Q4, Ebitda declined by 31 per cent year on year to Rs 220 crore due to lower-than-expected revenue and delay in passing on commodity inflation
Charts of steel stocks signal further downside, indicating a fall up to 20 per cent in select shares; cement counters indicate a wait-and-watch approach
Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.
Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.
In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.
The government levied export duty on 11 iron and steel intermediates and key steel products.
Stocks to Watch Today: Bharat Electronics, Data Patterns (India), SAIL and Zomato ahead of Q4 earnings on Monday.
The draft Bill to amend the Companies Act is expected to be ready by the second quarter of the current fiscal year
The category accounts for under 5% of probes completed during the year, and under 3% taken up for scrutiny, shows an analysis of data from Sebi's last available annual report