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My Stocks

SpiceJet is world’s top airline stock

Two and a half years after SpiceJet was forced to ground its entire fleet on its inability to pay a mere $2.2 million in fuel bills, the budget airline has become the world’s best-performing airline stock — with $26 billion in plane orders to boot. The company’s co-founder and chairman Ajay Singh has played the white knight, injecting capital, cutting loss-making routes and aggressively adding capacity in one of the world’s fastest growing markets. To top it all off, crude prices are staying low.

Market in a consolidation mode over GST launch

The domestic equity market is in a consolidation phase after the benchmark indices hit all-time highs in April-May. Investors are now worried about the short-term negative impact of the goods and services tax (GST) rollout from July 1 and fear large-scale disruptions in the banking sector with reforms underway.
After five consecutive sessions of decline, near-term analysts expect further down side of 2 to 6.5 per cent to the market, with the Nifty trending lower to the 9,420-9,340 range by end-June and 8,900 by July-end.

Markets on correction course over GST impact worries

Domestic equity market is in consolidation phase after the benchmark indices hit all time highs in April-May period, with investors cautious of short-term negative impact of the Goods and Services Tax (GST) rollout from July 1 and fearing large-scale disruptions in the banking sector with reforms underway.
After five consecutive sessions of decline in the near term, analysts expect a further slide in the market of around 2 per cent to 6.5 per cent with Nifty trending lower to 9,420-9,340 range by end of June and 8,900 by July end.

Nifty to hit over 10K level this fiscal; mkts eye GST: HDFC Sec

The Nifty is likely to hit 10,300 -10,400 level this fiscal amid positive market sentiment, the expectation of the continuation of reforms, GST implementation and favourable monsoon, brokerage firm HDFC Securities has said.
"Trajectory is positive and we are moving towards 10,300 -10,400 levels of Nifty but we have to see whether it will come with correction or it will straightaway go there," Dhiraj Relli, MD & CEO, HDFC Securities told PTI.

Sensex opens in green as blue-chips jump

The Sensex rose 157 points and the Nifty topped 9,600 again in opening trade today, spurred by a fresh spell of buying in select blue-chips amid mixed global indicators.
The 30-share index was trading higher by 156.75 points, or 0.50 per cent, at 31,294.96. FMCG, healthcare, capital goods and technology stocks showed up in the green, with gains up to 1.11 per cent.
The gauge had lost 152.53 points in the previous session on Friday. The markets were shut yesterday for Eid-Ul-Fitr.

RIL to raise Rs 25,000 cr via NCDs

Reliance Industries plans to raise Rs 25,000 crore through privately placed debentures as the energy-to-retail conglomerate seeks to replace existing high-cost borrowings as well as build a war chest for its aggressive expansion strategy in the telecom space.
The Mukesh Ambani-led firm sought shareholders' nod to issue redeemable non-convertible debentures (NCDs) on private placement.
In a stock exchange notice, RIL said the company's annual general meeting will be held on July 21 to consider the fund raising.

Brokers push penny stocks to gullible retail investors

Rocketing stock valuations have made most stocks beyond the means of the retail investor. Seeing an opportunity in this, brokers and traders have started pushing penny stocks to gullible investors, mostly through SMS tips.
There are very few takers in the market for stocks of large, mid-cap and small-cap companies, whose prices have gone up higher than their intrinsic value, as benchmark indices have hit new all-time highs.

Activist buys 1% stake in Nestle, asks it to sell holding in L’Oreal

Nestle and L'Oreal shares rose on Monday after US hedge fund Third Point bought a one per cent stake in the Swiss food giant and immediately urged it to sell its large holding in L'Oreal.
Third Point has a reputation for aggressively pushing for change at target firms, including Sony and Yahoo!, and in a letter to investors on Sunday, Third Point founder Dan Loeb (in pic) announced the fund had acquired one per cent in Nestle, worth $3.5 billion (3.1 billion euros).

Sebi not keen on settlement with NSE in algo case

Markets regulator Sebi may not agree for a settlement with NSE in the algo trading case.
After Sebi issued show-cause notices to the exchange and 14 of its current and former officials, NSE sources had said that the bourse would go for a settlement with the Securities and Exchange Board of India (Sebi).
Regulatory sources said a settlement is unlikely at this juncture as the case is under the scanner of various