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Bluechip indices have rallied for seven straight days led primarily by IT and pharma stocks and now banking names, which have highest concentration in benchmark indices, are also participating giving wings to the rally. FMCG stocks also saw buying but auto and media names were subdued.
Aircel’s Committee of Creditors moves SC against NCLAT orderPeople familiar with the matter said Aircel resolution professional Deloitte and asset reconstruction firm UVARCL, which had been cleared by the National Company Law Tribunal (NCLT) to take over the assets of Aircel, will als… Read MoreBanks, asset managers want RBI to allow sale of fraud loans to ARCStakeholders believe that since there has been negligible recovery in such fraud cases from either the bankruptcy mechanism or the DRT, allowing such accounts to be sold to ARCs could fetch better returns and free up capital … Read MoreDesi IT companies double market share to 28% in 10 yearsIndian IT firms have been gaining market share for decades now. They were quick to adapt to the tectonic shift from mainframes through client server to mobile applications and the cloud native era.
from Stocks-Markets-Econom… Read MoreBuy Torrent Pharmaceuticals, target price Rs 2900: Yes SecuritiesTorrent Pharmaceuticals Ltd., incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 47139.53 Crore) operating in Pharmaceuticals sector.
from Stocks-Markets-Economic Times https://ift.tt/3i7IKbJ
… Read MoreBiggest bank in India torn between BlackRock and funding coalSBI has a tough balancing act on its financial support for coal-fired power plants, which are a major contributor to air pollution.
from Stocks-Markets-Economic Times https://ift.tt/3vNEAK3
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