Kotak Mahindra Bank, Dalmia Bharat among 5 stocks with short buildup - 4 minutes ago
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

REC, Federal Bank among 5 stocks with long buildup - 34 minutes ago
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Thursday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Economic Times

Adani Total Gas shares rally 4% after Q4 results impress - 34 minutes ago
Adani Total Gas shares jumped 4% to Rs 969 on BSE driven by a 71% YoY growth in net profit to Rs 168 crore. Revenue also rose 5% YoY to Rs 1,258 crore, with a dividend recommended for FY 2023-24.
Economic Times

Hot Stocks: Brokerage view on BSE, IOC, Sona BLW, REC and Newgen Software - about 1 hour ago
Jefferies issued a "buy" rating for Newgen Software, while CLSA continued to uphold a "buy" rating for REC. BSE received a "hold" rating from CLSA. BofA Securities advised an "underperform" rating for Sona BLW, and Investec downgraded IOC.
Economic Times

Stock Radar: What does ‘Rising Three Methods’ bullish candlestick pattern indicate for this fertiliser stock - about 1 hour ago
Japanese candlestick formations are quite useful for gauging the overall mindset of market participants. They provide an easy-to-understand visual representation of price changes over time and can be used in conjunction with other tools to analyse upcoming market moves.
Economic Times

Kotak Mahindra Bank shares fall 4% to fresh 52-week low on another bad news - about 1 hour ago
Kotak Mahindra Bank's shares plummeted 4%, hitting a new 52-week low of Rs 1,561 following Joint MD KVS Manian's resignation. Nuvama downgraded the stock from buy to reduce. Earlier, RBI restrictions caused a 10% decline last week.
Economic Times

Sensex rises 150 points after Fed decides to hold rates; Nifty above 22,650 - about 2 hours ago
The BSE Sensex was trading 171 points or 0.21% higher at 74,651, while the Nifty50 was up 50 points or 0.22% at 22,655 around 9:18 am.
Economic Times

Big movers on D-Street: What should investors do with Star Health, M&M and Tata Chemicals? - about 3 hours ago
Stocks that were in focus include names like Star Health, which rose 1.69%, M&M, which increased 4.63%, and Tata Chemicals, whose shares declined 2.49% on Thursday.
Economic Times

AMD, Super Micro tumble as earnings fall short of lofty AI expectations - about 3 hours ago
Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's lofty expectations, having been used to Nvidia's massive forecasts over the past year.
Economic Times

Fed's Powell says looming US election will not sway rate decisions - about 3 hours ago
latest policy meeting, said Fed policy decisions will be guided by "what we think the right thing for the economy is," repeating a long-held stance of ignoring politics in the central bank's economic analysis.
Economic Times

Fed announces reduction in balance sheet runoff pace - about 3 hours ago
The downshift in the pace of the runoff had been widely expected, although market participants weren't sure whether the tapering of the runoff process would happen at this week's FOMC gathering or the one scheduled for June.
Economic Times

Q4 results today: Adani Enterprises, Coal India among 49 companies to announce earnings - about 3 hours ago
49 companies, including Adani Enterprises and Coal India, will announce Q4 results today. Notable companies include Dabur India, Federal Bank, Digicontent, Blue Star, Ajantha Pharma, JBM Auto and KPR Mills.
Economic Times

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference - about 3 hours ago
The Federal Open Markets Committee concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stand at 5.25%-5.50%.
Economic Times

Asia stocks wobble on rate cut delays; yen leaps - about 3 hours ago
Oil fell sharply overnight as the prospect of cuts seemed more distant and after a surprise jump in U.S. stockpiles, with Brent crude futures hitting a seven-week low of $83.44. [O/R]
Economic Times

Stock Radar I A pullback move in NBCC could take the stock to record highs: KKunal V. Parar - about 4 hours ago
“On the daily chart, the stock has recently broken out of a symmetrical triangle formation, signalling a bullish momentum. Traders can buy for a target of Rs 158-186 in the next few weeks,” KKunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.
Economic Times

Capacity addition, project viability bring zing to hydropower stocks - about 5 hours ago
India has a hydropower potential of 250 GW of which only 21% is tapped. Since hydropower has one of the lowest greenhouse emissions, it is a preferred source of renewable energy. Despite that, the addition to hydropower capacity in the country was dismal due to long delay in environmental clearance and long gestation period in the construction of power plants accompanied by cost overruns.
Economic Times

Biz, trade caught between cyber cops & banks - about 5 hours ago
Restaurants, retailers, small traders, companies face frozen funds due to cybercrimes. Urging action from finance ministry, LEAs, police. I4C initiative tackles cybercrimes. Banks, LEAs face frozen funds challenges.
Economic Times

Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL - about 5 hours ago
SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.
Economic Times

Bank deposit rates rise, but yet to fully reflect repo hike - about 5 hours ago
Regulator-market discord on rate transmission persists. Fresh term deposits show full 2.5% repo rate hike. Interest margins squeezed, WADTDR at 6.62% in March. WALR for commercial banks at 9.37%.
Economic Times

IRDAI nod likely soon for IIHL's buyout of Reliance Capital's three insurance arms - about 5 hours ago
IRDAI expected to approve IndusInd International Holdings' acquisition of Reliance Capital's 3 insurance companies. NCLT endorsed IIHL's ₹9,650 crore resolution plan for Reliance Capital. Hinduja Group's Aasia Enterprises aids in equity infusion.
Economic Times

Think twice about selling in May and going away - about 5 hours ago
But some investors might be tempted to consider selling this time as the general elections are feared to induce sharp swings in equities. Investors are also growing nervous about the US Federal Reserve delaying interest rate cuts as expected by the financial markets.
Economic Times

Fed cites lack of progress on inflation, holds rates steady - about 5 hours ago
Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% - where it's been since July - following a slew of data that pointed to lingering price pressures in the US economy.
Economic Times

Stocks in news: Adani Wilmar, Adani Enterprises, Jindal Stainless, Adani Ports, Kotak Bank, Wipro - about 5 hours ago
Adani Power's fourth-quarter profit jumped on Wednesday, helped by an increase in its electricity generating capacity and rising power demand in the country.
Economic Times

IDBI Bank seeks RoC help over board tussle with NTADCL - about 5 hours ago
NTADCL had faced financial challenges that led to the restructuring of debt totalling ₹575.34 crore in 2011. As part of the corporate debt restructuring (CDR) exercise, IDBI Bank and some other lenders converted senior debt into equity, with IDBI Bank holding ₹6.11 crore in equity shares.
Economic Times

More credit to large companies in FY24, personal loans slow - about 5 hours ago
Lending to large companies that shrank during the Covid period recovered in the last fiscal year. The Reserve Bank of India stepped in to improve the quality of retail lending, asking lenders to assign higher risk weights to unsecured lending. While this slowed down growth in such loans, it helped improve the loan books of banks.
Economic Times

Gift Nifty futures volumes soar 25% in 4 months to $82 billion in April - about 6 hours ago
This marked a 25% increase compared to December turnover, contrasting with a 7% growth in Nifty futures turnover on the NSE during the same period.
Economic Times

Stock Radar: 250% in 1 year! This multibagger construction stock is ready to hit fresh record highs - about 6 hours ago
NBCC (India) Ltd has shown impressive growth, hitting Rs 176.50 high. Chart patterns indicate further potential for growth, supported by expert recommendations for targets of Rs 158-186 amidst bullish market sentiment. In terms of price action, the stock is trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.
Economic Times

Starbucks shares plunges 15%, hit two-year low as China, US demand clouds outlook - about 13 hours ago
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China.
Economic Times

Nasdaq, S&P 500 fall as investors take cover before Fed decision - about 14 hours ago
The ADP National Employment report showed U.S. private payrolls increased more than expected in April, while a separate reading showed U.S. manufacturing contracted in April. A measure of prices paid by factories for inputs approached a two-year high.
Economic Times

Hydropower stocks on a roll amid rising power capacity and project viability - about 14 hours ago
India has a hydropower potential of 250 GW of which only 21% is tapped. Since hydropower has one of the lowest greenhouse emissions, it is a preferred source of renewable energy. Despite that, the addition to hydropower capacity in the country was dismal due to long delay in environmental clearance and long gestation period in the construction of power plants accompanied by cost overruns.
Economic Times

Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarks - about 14 hours ago
That brings his total ownership to more than 114 million shares, which based on Wednesday morning's stock price, are worth USD 5.7 billion. Trump Media got its place on the Nasdaq after merging with a company called Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. These type of mergers offer young companies quicker and easier routes to getting their shares trading publicly.
Economic Times

Starbucks shares hit two-year low as China, US demand clouds outlook - about 15 hours ago
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China.
Economic Times

Indus Towers confident of cash flow boost in FY25 - about 15 hours ago
Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route.
Economic Times

S&P, Nasdaq open lower as investors take cover before Fed decision - about 16 hours ago
The Dow Jones Industrial Average rose 29.6 points, or 0.08%, at the open to 37,845.56.
Economic Times

'Mkts may extend rally this month on strong domestic eco, current govt's potential re-election' - about 17 hours ago
Stock markets may continue their winning run in May after registering gains in the past three months as investors' sentiment are upbeat amid India's promising economic growth prospects, the current government's potential re-election in the ongoing polls and robust participation from domestic investors.
Economic Times

Market Trading Guide: PNB, Ashok Leyland among 8 stock recommendations for Thursday - about 18 hours ago
Indian benchmark equity indices closed lower on Tuesday, dragged by financial and IT stocks. The S&P BSE Sensex closed 0.25% lower at 74,482, while the NSE Nifty50 index ended just above the 22,600 level.The stock market was shut on Wednesday on account of Maharashtra Day."Nifty witnessed selling pressure as it encountered resistance near the previous swing high, resulting in a weak closing. Over the next few days, the trend in the headline index might remain sideways unless it breaks above the all-time high of 22,783. On the downside, immediate support is placed at 22,500, below which the index might decline further," said Rupak De of LKP Securities.Here are 8 stock recommendations for Thursday:
Economic Times

YES Bank share price can fall to Rs 20 as valuation remains expensive: ICICI Securities - about 18 hours ago
YES Bank has strengthened its balance sheet though profitability remains burdened by an unproductive bulky rural infrastructure development fund. Its loan growth was healthy at 5% QoQ but deposits growth was strong at 10%
Economic Times

Technical Breakout Stocks: How to trade Usha Martin, M&M and Trent that hit record highs - about 18 hours ago
The S&P BSE Sensex fell nearly 200 points on Tuesday while the Nifty50 closed in the red after hitting a record high of 22,783. Sectorally, buying was seen in power, realty, and auto while energy, oil & gas, healthcare, and IT stocks saw some selling pressure.
Economic Times

Smallcaps’ resilient show in April has 500 stocks offering double-digit returns. How to navigate May - about 19 hours ago
The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
Economic Times

Short-term troubles are opportunities for long-term investors? 5 agro-chemical stocks with upside potential of up to 30% - about 19 hours ago
Most businesses experience periods of highs and lows. The key is determining whether these lows are part of a recurring cycle or the result of a one-time event. The agrochemical sector is currently in a downturn due to specific, isolated incidents. This includes a sudden rise in industry inventory and an oversupply that entered the market following the resumption of Chinese production after COVID-19 restrictions. Consequently, despite performing exceptionally well during the early stages of the bull run that began at the time of the breakout of COVID, the sector has been underperforming recently. The second question is, is this downturn an opportunity for long term investors or not. Given the way things are changing, whether it is China plus plus one or for that matter policy focus on manufacturing there are good reasons to believe that some of the agro chemical companies will do well as they do two things, expand their product portfolio and also backward integration.
Economic Times

Sensex@75K! Risk management in algorithmic trading: 8 ways to minimise risk - about 20 hours ago
Since algo trading depends hugely on quantitative models, it also presents certain challenges. Besides sophisticated computer algorithms and lightning-fast speed, a robust risk management system is also needed.
Economic Times

Time to have right mix ? A set of 6 private and PSU bank with upside potential of upto 34% - about 21 hours ago
When a large private sector is instructed by RBI to stop doing some part of business and the stock tanks by more than 10 % it is bound to raise questions about whether the private sector banks have passed their best in terms of performance on the street. Literally every entity in the banking sector is being looked at and given the sheer size and number of banks there are some issues that are bound to come up. Only thing which investors should give importance to when looking at the macro picture is how GDP growth is shaping up
Economic Times

Godrej conglomerate split: How should investors play the listed entities? - about 23 hours ago
Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.
Economic Times

Rs 10,000 monthly SIP in this children-oriented mutual fund scheme turned into Rs 1.90 crore since inception - about 24 hours ago
ICICI Pru Child Care Fund-Gift Plan focuses on funding children's education with high returns. A Rs 10,000 monthly SIP could grow to Rs 1.90 crore, outperforming category returns. It blends equity and debt instruments, with notable exposure in telecom services.
Economic Times

Thinking of creating wealth with Birlas? Here’s how group stocks have performed in 2024 - 1 day ago
With a positive investor response to Vodafone Idea FPO, UltraTech’s solid Q4 show and AB Capital and Century Textiles’ solid stock returns to investors have kept Aditya Birla Group stocks in the spotlight recently. Here's how the stocks have performed in 2024:
Economic Times

Fed to signal delay of interest-rate cuts after higher-than-expected inflation - 1 day ago
The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington.
Economic Times

Ashish Kacholia's portfolio: These 5 stocks surged over 40% in just 4 months - 1 day ago
Investors are keenly observing the investment portfolios of top players in Dalal Street. ETMarkets, in this context, has chosen to analyse the investment holdings of the renowned investor Ashish Kacholia. Recent data for the March quarter indicates that Kacholia has publicly disclosed investments in approximately 50 stocks, valued at around Rs 3,123 crore as of April 30, 2024. It's important to mention that this list specifically includes companies where Kacholia holds a stake exceeding 1%, although it may not encompass all of his investments.
Economic Times

Fed meeting outcome today: How it may impact Indian stock market - 1 day ago
Federal Reserve's decisions, especially on interest rates, have a profound impact on global markets, including India. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it won’t have an impact on the Indian markets. But that would be a costly blunder.
Economic Times

Fed to signal delay of interest-rate cuts after higher than expected inflation - 1 day ago
The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington.
Economic Times

How to stress test your investment portfolio with 3 simple questions - 1 day ago
Learn simple steps to test your personal investment portfolio for stress and take corrective actions to ensure financial preparedness. While the stress tests conducted by AMCs may be complex, as individual investors, we should also undertake simple steps to test our personal portfolios for stress and take corrective actions if needed so that we are well-prepared for any financially stressful situation.
Economic Times