On day trading stocks today, Ganesh Dongre of Anand Rathi recommended three stocks to buy today. These stocks have been chosen based on their recent price movements, volume trends, and other technical indicators. 💰Sun Pharma: Buy at ₹1515, target ₹1555, stop loss ₹1495. 💰BHEL: Buy at ₹305, target ₹330, stop loss ₹296. 💰IOC: Buy at ₹170, target ₹185, stop loss ₹162.
Open FlipAshok Vaswani, MD and CEO of Kotak Mahindra Bank (KMB), said the "back-of-the-envelope" impact on the bank's profitability on account of the restrictions placed by RBI could be ₹300 crore to ₹400 crore. Speaking with the analysts on Saturday within hours of declaring the fourth quarter results, he also indicated that the bank would continue to be prudent and not get aggressive on credit growth.
Open FlipStakes of domestic mutual funds (MFs) in listed companies rose to an all-time high of 8.92% on 31 March, up from 8.81% a quarter ago, according to data collated by primeinfobase.com. With this, the share of foreign institutional investors shrank to an 11-year low of17.68% during the quarter, down by 51 basis points. One basis point is one-hundredth of a percentage point.
Open Flip