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Nifty hovered in a broad 23,800–24,700 band last week before closing at 24,175.65. Analysts say the index must clear the 24,200–24,400 zone to regain strength. Strategies vary: some recommend bullish option spreads to capture rebounds, while a cautious camp warns of further downside if 23,900 breaks. CHANDAN TAPARIA, HEAD – DERIVATIVES & TECHNICALS, MOTILAL OSWAL…
A Nagpur-based chartered accountant whose home was searched by the income-tax department had 2.434 kg of jewellery valued at ₹90.59 lakh. Of this, jewellery weighing 1.314 kg and valued at ₹33.33 lakh was seized. Yet, the Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has deleted the remaining tax addition on the disputed jewellery, holding that…
The start of the September derivatives series has created several bullish and bearish trading opportunities, with rollover trends, changes in open interest, and price action signalling potential sharp moves in some stocks. Here is a look at the key bets. BULLISH BETS CENTRAL DEPOSITORY SERVICES (INDIA)- CDSL Chg in OI in Sept Series: 8%Chg in…
The much-awaited Purple Style Labs IPO is set to open for subscription on August 31, 2026, and will remain open for bidding until September 2, 2026. In the grey market, the issue is currently trading at a premium of around 5%, indicating a positive but relatively flat listing gain over its issue price. Purple Style…
India’s contentious new closing auction system is about to face its biggest challenge yet as billions of dollars in passive-fund trades flow through it. The quarterly rebalancing of MSCI Inc. indexes on Monday will be a key test of whether the mechanism can absorb large institutional orders without producing the sharp price swings that have…
A stellar year for emerging-market bonds is set to get even better as the return of the “dollar debasement trade” amplifies inflows into the asset class, fund managers say. Emerging-market bonds have rallied alongside gold and Bitcoin this month as mounting anxiety over the US deficits have spurred demand for alternatives to the greenback. This…
Mumbai: Interest rates at the extreme short end of the curve, such as three-month certificates of deposit (CD) or 91-day Treasury bills, have eased after large banks garnered significant dollar deposits from the diaspora, but a hawkish tone of the panel setting rates has helped harden yields for paper maturing in a year and beyond….
ET Intelligence Group: Purple Style Labs, a multi-brand luxury fashion platform, plans to raise ₹680 crore through a fresh issue to pay for lease liabilities of experience centres, offices and marketing expenses. The promoter group’s stake will fall to 22.7% after the IPO from 26.3%. It operates under the brand name ‘Pernia’s Pop-Up Shop’. Nearly…
ET Intelligence Group: India Inc distributed record dividends at the aggregate level in FY26 though the pay-out ratio moderated to a five-year low. This reflects a lower proportion of profits returned to shareholders via dividends amid share-buybacks and the need to conserve cash in a volatile geopolitical scenario. Companies from the sectors including banking and…
Asian stocks dropped and the dollar held its gains after hawkish comments from Federal Reserve Chair Kevin Warsh strengthened bets on an interest-rate hike next month. Oil climbed as Middle East tensions intensified. MSCI’s Asia Pacific equities gauge fell 0.8%. Technology shares led declines, with the Kospi Index — a barometer for artificial intelligence investments…