Indian road infrastructure is a big investment opportunity which investors can’t afford to miss as there is more than Rs 8.5 trillion (Rs 8.5 lakh crore) in the Central government pipeline alone, Nomura highlighted in a report dated December 11.Though bank credit stress and slowdown in order flows have had an impact on most infra companies, but Nomura expects companies with robust operating cash flow generation (OCF) and low leverage to emerge as winners and gain market share as the competition starts to decline.Close In the times of financial stress, select infra companies will gain market share as they still have access to low-cost credit, unlike peers. related news Ujjivan’s stellar listing: What next for investors and those who missed the bus? Hot stocks: HDFC Life among three trading ideas for up to 8% returns With a strong execution track record, lowest leverage and a strong orderbook, PNC Infratech is Nomura’s preferred pick in the sector. It also … [Read more...] about Here’s why Nomura feels 3 road infra companies are a good bet
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Sensex, Nifty jump 1%; 5 key reasons behind the surge
Across the board healthy buying lifted equity benchmarks higher by a percent in intraday trade on December 13.Equity barometer Sensex vaulted for almost 450 points or 1.10 percent while Nifty kissed 12,084 on the upside, supported by gains in heavyweights such as HDFC, TCS and ICICI Bank.Around 14:05 hours IST, Sensex was 429 points up at 41,010, while Nifty was 109 points up at 12,081. BSE Midcap and Smallcap indices were 0.78 percent and 0.71 percent up, respectively, around that time.Close Let's take a look at key factors that triggered a sharp rally in the market: related news Infosys says not aware of additional lawsuits, share price rises D-Street Buzz: PSU Bank, metal stocks shine led by SBI, Vedanta; Tata Motors up 3%, pharma drags SpiceJet grounds 3 cargo aircraft; shares stay in the green Trade deal hopesThe hopes of a trade deal between the US and China are keeping the market in the positive terrain. Reuters reported that the United States has agreed to reduce … [Read more...] about Sensex, Nifty jump 1%; 5 key reasons behind the surge
SEBI issues reminder after FPIs found short-selling stocks: Report
The Securities and Exchange Board of India (SEBI) has alerted concerned local and international regulators about unauthorised trading practices by foreign portfolio investors (FPIs) on the Indian exchanges, the Economic Times reported.As per SEBI guidelines, FPIs are barred from short selling stocks. In an email, the watchdog has asked the concerned custodians, which liaison offshore funds and the Indian market, to follow rules.Moneycontrol could not independently verify the report.Close related news SpiceJet grounds 3 cargo aircraft; shares stay in the green Maruti to add BS-VI diesel variants of Ciaz, Ertiga, S Cross, Vitara Brezza: Report These battery stocks are good for a long-term charge The paper quoted a source as saying that while SEBI may have spotted a few stray incidents and the practise may not be widespread.SEBI did not respond to the paper’s queries.A SEBI statement which came in November-end reiterated guidelines which stated that FPIs were disallowed … [Read more...] about SEBI issues reminder after FPIs found short-selling stocks: Report
New Aadhar card enrolment centres in Raipur, Chhattisgarh
Aadhaar Centre in Raipur, ChhattisgarhThe capital of Chhattisgarh, Raipur is the largest city in this state. Regarded as a business hub, the city was placed 7th in the Ease of Living Index by MoHUA in 2018. All residents of India, including Raipur residents, must possess a valid identification document. The Aadhaar system launched by the Government of India in association with the Unique Identification Authority of India is the most accepted identity proof document and applicants need to visit their nearest Aadhaar Seva Kendra to enrol. Raipur residents can visit their nearest Aadhaar centre in Raipur.Applicants are provided with a 12-digit unique identification number and the document serves as a single ID and address proof document, accepted nationally for all purposes of business, trade and services across India. Aadhaar is modelled on the Social Security Number system (SSN) of the USA; widely regarded as the most secure identification system in the world.Close Services provided at … [Read more...] about New Aadhar card enrolment centres in Raipur, Chhattisgarh
Gold adrift as US tariff deadline approaches
Gold prices were little changed on Thursday as investors waited to see if the United States would slap fresh tariffs on Chinese goods this weekend, while palladium continued its record run on fears of a deepening supply deficit.Spot gold was flat at $1,474.71 per ounce, as of 0453 GMT. U.S. gold futures were up 0.3 % at $1,479 per ounce."The key issue for many markets in the near-term is the trade negotiations between China and the U.S. Both Beijing and Washington have indicated the worst-case scenario is the tariffs would be delayed," said Michael McCarthy, chief market strategist at CMC Markets.Close "If we saw tariffs introduced on Sunday, that would be a real positive for gold," he added. related news 'Fed gives gold players little more to hold on to' US-Taliban talks to take 'brief pause' after airbase attack Gold price today: Yellow metal dips on reports of US-China trade deal The bullion is often seen as an alternative investment during times of political and … [Read more...] about Gold adrift as US tariff deadline approaches