ETMarkets Morning Podcast (ETMarkets.com)
05:32 Min | January 20, 2021, 9:02 AM IST
Tune in as we discuss weakness in broader market, Bank Nifty s performance, and more!
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Transcript
Hi there! Welcome to ETMarkets Morning, the show about money, business and markets. I am Atul PM, and here is what we have to start your day. Put-Call option positions signal pre-Budget rally ahead Top investors shuffle midcap, smallcap holdings Index funds gain traction among investors
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And there is more. But first, a quick glance at the state of the markets.. Nifty futures on the Singapore Exchange traded 24.25 points higher at 8 am (IST), signalling a positive start for Dalal Street.
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Well-known investors on Dalal Street shuffled their mid- and small-cap holdings in the December quarter amid the broad-based rally in the market. Radhakishan Damani increased stake in India Cements by 0.7 per cent and in VST Industries by 0.11 per cent from the September quarter. Rakesh Jhunjhunwala upped stake in
Tata Communications by 1 per cent and bet on the Covid-hit hotel industry by raising stake in Indian Hotels (IHCL) by 1 per cent. He pared stakes in Firstsource Solutions by 1.6 per cent and in Escorts by 0.9 per cent. Chennai-based investor Dolly Khanna’s name showed up in public shareholders’ list of Butterfly Gandhimathi, Nucleus Software and Talbros Automotive. Anil Kumar Goel, another investor from Chennai, has stayed firm on his bullish view on the tea sector and raised stake in Dhunseri Tea to 3 per cent while also marginally increasing stake in Triveni Engineering. Known for his mid- and small-cap bets, Ashish Kacholia has not made many changes in
Solid December quarter results, so far, and positive global cues fulled an across-the-board buying in the equity markets on Tuesday. Bulls recovered nearly all the losses incurred over the past two days and settled around 2 per cent higher today. In the intra-day trade, the S&P BSE Sensex zoomed 936 points to hit a high of 49,500 levels. The index pared gains marginally and closed with gains of 834 points, or 1.7 per cent, at 49,398 levels. Bajaj Finserv, Bajaj Finance, HDFC, ICICI Bank, and L&T jumped between 3 per cent and 7 per cent on the BSE today, and were the top gainers on the Sensex. That apart, HDFC Bank, Reliance Industries, and TCS, all up in the range of 1.5 per cent to 2.5 per cent, remained other top index contributors.
Damani marginally increases stake in India Cements
January 18, 2021
Billionaire Radhakishan Damani’s stake in India Cements has increased marginally. Radhakishan Damani, along with brother Gopikishan Damani, held 21.14 per cent stake in India Cements as on December 31, 2020, up from 20.4 per cent three months ago.
Promoter and promoter Group held 28.42 per cent stake in India Cements as of December 2020, according to a company filing to the exchange.
Speculations were rife over a possible acquisition of controlling stake by Damani family in India Cements, but N Srinivasan, Vice-chairman & Managing Director of the company, had denied such takeover reports earlier.
Damani has not made any official comment on his stake in India Cements so far. India Cements has been maintaining that Damanis’ investments in the company were more of financial in nature than strategic one.