Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Benchmark indexes started the week on a down note, closing sharply lower on weak global cues driven by geopolitical concerns. US futures are showing mixed trends.
Brent Crude: 80.50 -1.37%
USD INR Spot: 82.877 -0.01%.
India 10Y Bond yield: 7.062 -0.20%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Bharat Forge was the top gainer.
Alkem Laboratories was the top loser.
News
Tata Passenger Electric Mobility, a Tata Motors subsidiary, eyes a $1–2 billion IPO for its electric vehicles business. The recent $1 billion funding round from TPG highlights growing investor interest.
Culver Max Entertainment and Sun TV Networks are in talks to acquire a strategic stake in Aha, the South Indian streaming platform, potentially valuing it at Rs 1,500-2,000 crore. KPMG Corporate Finance serves as Arha Media’s strategic adviser.
Reliance Industries aims to set up over 50 compressed biogas plants costing Rs 5,000 crore in the next two years, with plans for 100 plants within five years, per oil industry sources cited by the Economic Times.
Adani Group’s overseas loan share decreased to 61% by September as foreign loans were partially repaid and older loans refinanced, while the share of Indian lenders rose to 39%. Additionally, the group attracted bond investments in the secondary market.
HDFC Bank gains RBI approval to sell a 90% stake in HDFC Credila Financial Services to ChrysCapital and BPEA EQT. The divestment aligns with HDFC’s agreement to transfer its majority ownership to private equity firms.