Stocks to Watch: ICICI Bank, Biocon, PNB, 3i Infotech, SpiceJet, Coal India
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NEW DELHI :
Here’s a list of top ten stocks that may be in news on Tuesday:
ICICI Bank: Country s largest insurer Life Insurance Corporation (LIC) has sold 2% stake in private sector lender ICICI Bank through open market transactions. The insurer sold 13.8 crore shares, representing 2.002% stake of ICICI Bank, over a period of November 27 to December 24, 2020, the bank said in a regulatory filing.
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Nazara Technologies IPO share allotment: How to check your application status
IPOs in Japan Haven’t Been This Hot Since the Dot-Com Bubble
Bloomberg 12/29/2020
(Bloomberg)
In a surprisingly strong year for initial public offerings globally, Japan’s 2020 market debutantes enjoyed their best opening share performances since the dot-com bubble era, helped by a groundswell of retail investors hungry for tech issues.
The average initial pop for IPOs in the Japanese market this year was nearly 130%, the most since 1999. The best performer was artificial-intelligence systems firm Headwaters Co., which jumped 1,090% in its first trade. Image-recognition software maker Ficha Inc. came second with an 806% gain, followed by internet-of-things developer Tasuki Corp., which rose 655%.
Markets like to stay firm on global support; Tata group stocks, RIL in focus
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Markets may continue to rise on Tuesday on global support while trends in SGX Nifty suggest a positive opening for the Indian benchmark equity indices. On Monday, Indian stocks scaled record highs, with the BSE Sensex closing at 47,353.75, up 380.21 points or 0.81%, and the Nifty at 13,873.20, up 123.95 points or 0.90%.
Asian shares jumped in the early deals, with Japanese stocks hitting a 30-year high, as hopes that a long-awaited US pandemic relief package would be expanded and a Brexit trade deal supported investor risk appetite.
Gold prices today struggle for 6th day, down ₹6000 from record highs
Gold rates today: Prices on MCX fell to ₹50,677 per 10 gram
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The latest instalment of sovereign gold bonds is open for subscription.
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Gold prices in India traded in a narrow range for the sixth day in a row amid mixed global cues. On MCX, February gold futures were up 0.11% to ₹50,067 per 10 gram. In the previous five sessions, gold had remained in the ₹50,000 to ₹50,500 range. Silver today on MCX edged down 0.24% to ₹68,650 per kg. In global markets, gold rates were slightly higher today after US President Donald Trump s approved a stimulus package.
Bearish dollar bets near decade high
A combination of negative US real yields, extended valuations across American assets and a current account deficit that requires dollar depreciation to finance will likely weigh on the currency into next year, strategists at Goldman Sachs said.
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. Updated: 29 Dec 2020, 10:38 AM IST Bloomberg
Net short non-commercial positions in futures linked to the ICE U.S. Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data
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Speculative traders are ending the year doubling down on their bets against the dollar.
Net short non-commercial positions in futures linked to the ICE U.S. Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data. The gauge of the U.S. currency has fallen over 6% this year as investors turned against the greenback amid unprecedented monetary easing from the Federal Reserve and a mo