Shares of Life Insurance Corporation (LIC) on Wednesday jumped more than 6 per cent after the firm said Sebi has granted an additional 3-year time till May 16, 2027, to comply with the 10 per cent public shareholding norm.

Nifty ended 17 points lower on Wednesday and traded sideways. Thereby, it failed to show any significant directional breakout. Move above the immediate resistance of 22,300 level may make room for higher target of 22,600 level.

Electronic manufacturing service provider, Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY.

The Nifty Bank fell 172 points on Tuesday and formed a bearish engulfing pattern on the daily chart. Top gainers included ICICI Bank, Axis Bank, Bandhan Bank, and Bank of Baroda. HDFC Bank saw strong selling pressure

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, five stocks witnessed a top long unwinding. Here's the list:

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short covering. Here's the list:

TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.

Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.

IT stocks presented a muted show as investors turn cautious ahead of key US data that will determine future interest rate trends. Sensex dipped 118 points to settle at 72,987. Nifty shed 17 points to end at 22,200.

​Contrary to the debut of TBO Tek, the listing of Aadhar Housing Finance was flat, falling short of expectations. The grey market trends signalled a gain of around 15-20% for investors.

Siemens shares soared 8.9% to a new 52-week high of Rs 7,243.60 on BSE following increased target prices by brokerages. The company also approved a scheme to demerge its energy business into a separate listed entity.

ETMarkets mutual fund (MF) analysis identified that more than 15 MF schemes have decreased their investments in five stocks in April. Notably, all these stocks have experienced a share price decline of 8-26% in the year 2024 so far. Check the list to see if you hold any of these stocks: (Data Source: ACE MF)

Indian shares dropped on Wednesday, dragged by a pullback in auto stocks and a drop in top private lender HDFC Bank, while IT stocks were subdued ahead of key US inflation readings that could influence the future rate trajectory. Meanwhile, in today's trading session, 5 midcap stocks from the Nifty200 index hit new 52-week highs. Here's the list:

Suzlon Energy's shares are poised to receive a $14 million boost from passive inflows due to increased weightage in the MSCI global standard index, as per Nuvama report.

The bearish positions in the derivatives market have come at a time when overseas investors have pulled out about $4 billion from local stocks since early April, reflecting a cautious outlook about the outcome of the elections.

Europe's benchmark index climbed to a record high on Wednesday, as upbeat earnings boosted industrials and healthcare stocks, while investors buckled up for a highly anticipated U.S. inflation print.

Nifty traded in the red on Wednesday breaking its two-session winning momentum in the morning trade led by selling pressure in bank and auto stocks. Around 12 pm today, the 50-stock index was trading at 22,186.25, down by 31.60 points or 0.14%.

A circular issued by NSE stated that trading in securities of Brightcom Group will remain suspended until the company complies with the above regulation. After 15 days of suspension, trading in the securities of non-compliant companies would be allowed on a trade-for-trade basis in the Z category on the first trading day of every week for six months.

Despite Colgate-Palmolive reporting a 20% increase in net profit to Rs 379.8 crore for the March quarter and a rise in net sales, its shares dropped 4% on BSE.

Oberoi Realty shares soared 7% to a 52-week high of Rs 1,629 on BSE after reporting a remarkable 64% YoY surge in net profit to Rs 788 crore for the March quarter. Revenue rose by 36.8% to Rs 1,314.8 crore, with a significant improvement in EBITDA and margin.

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Pakistan's benchmark share index touched a lifetime high on Wednesday, breaching the key level of 75,000, on hopes that easing inflation could pave the way for interest rate cuts as early as June.

In the March quarter, the highest increase was witnessed in Union Bank of India, wherein an increase of 278 bps was witnessed on a quarter on quarter basis. Presently, 6.75% shares of Union Bank of India are held by the FIIs.

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 Wednesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

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 Wednesday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Canara Bank's shares surged 4.6% to Rs 118.40 as the 1:5 stock split took effect, converting each Rs 10 face value share into 5 shares valued at Rs 2 each. The move aims to enhance liquidity, affordability, and broaden retail investor participation.

Vedanta's Q4 net profit down by over 27% YoY in March quarter. Investor sentiment remains positive with target prices raised. Chairman Anil Agarwal plans $20 billion investments in technology, electronics, and glass sectors in four years to diversify business activities.

SBI PSU Fund Reg(G), a top performer in equity mutual funds, bolstered its portfolio by adding Indian Energy Exchange (IEX) shares and increasing stakes in Bank of India, LIC, NALCO, and SAIL.

In morning trade, the stock had given up some gains by trading up 0.3% at Rs1289.15, after touching an intraday high of Rs1312.80 on the BSE.

Astral, part of the capital goods industry, broke out to hit a fresh record high, with experts suggesting buying for a target of Rs 2536 in 1-2 months.

Airtel has posted an ARPU (average revenue per user) for the quarter stood at Rs 209 compared to Rs 193 in the same quarter of last year, driven by sustained focus on acquiring quality customers and mix improvement.

The IPO, which was completely a fresh equity issue of 6.87 lakh shares, was booked 37 times at close on broad-based interest from investors.

In April 2024, mutual funds deployed Rs 32,800 crore and, alongside, FIIs sold Rs 23,200 crore in the Indian secondary market. Key additions by MFs in December in smallcap stocks were in Sterlite Technologies, SBFC Finance, and Shilpa Medicare, whereas they trimmed holdings in VST Industries and MTAR Technologies. Here is a list of stocks that mutual funds bought and sold in April, according to a report by Nuvama Institutional Equities:

The shares of Silkflex Polymers debuted on the NSE SME platform on Wednesday with a premium/discount of 15%. The stock was listed at Rs 60 as against an issue price of Rs 52 per share.

Nuvama estimates that the rebalancing of the MSCI Global Standard Index from May 31 will lead to an inflow of about $54 million as passive funds may end up buying around 10.4 million shares of the company.

India's weight in the MSCI Emerging Markets index will increase to around 19% on May 31, attracting FII inflows of $2.5 billion. The adjustments will affect India's stock count in the MSCI Standard/EM and Smallcap Indexes. China, with a 25.7% weight, has the highest representation in the MSCI EM Index.

Aadhar Housing Finance debuts on BSE at Rs 314.3 post a successful IPO. Leading in low-income housing finance, it has highest AUM, faces market volatility challenges, and raised funds for future lending needs through fresh equity issue and OFS post DHFL Vysya merger.

LIC announced a 3-year extension from Sebi to achieve 10% public shareholding by the revised timeline of May 16.

With Go Digit’s over Rs 2,600-crore IPO set to open on May 15, investors are asking just one question: How much money have the celebrity couple Virat Kohli and Anushka Sharma made on their investment in the company? We'll discuss how much money the company has made for the star couple. Watch!

Indian benchmark equity indices opened slightly higher on Wednesday, with BSE Sensex up 0.13% at 73,198 and Nifty50 up 0.2% at 22,261, as investors awaited U.S. inflation print for rate cut clues.

Promoters of Cipla, including Person Acting in Concert, sold 2.04 crore shares in a block deal worth around Rs 2,600 crore to create liquidity for specific needs, including philanthropy. After the stake sale, the entire promoter group holds 31.67% in Cipla, expressing commitment to the company's future.

Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.

TBO Tek debuted on NSE at a 55% premium of Rs 506 and on BSE at Rs 460, with oversubscribed IPO raising Rs 697 crore. The company's appeal lies in its scalable platform for online travel. General Atlantic acquired a minority stake in TBO, anticipating strong growth in the recovering travel and tourism industry reaching $1.9 trillion in 2023.

Brokerage firm Macquarie retained a neutral rating on Shree Cement, while JPMorgan maintained a neutral rating on Apollo Tyres. UBS also upheld a neutral rating on Bharti Airtel, and Jefferies recommended a buy rating on Siemens.

Nifty kept pushing the pedal from start and did not give up. It managed to end with a gain.

India's weight in MSCI's Global Standard index hits a record high, narrowing the gap with China. The rise boosts prospects for more inflows into equity markets. Consistent flows from domestic institutional investors could see India surpass 20% weightage by 2024. May review to bring about $2 billion inflows; Analyst Abhilash Pagaria comments on the potential growth.

Data overnight showed U.S. producer prices increased more than expected in April, indicating that inflation remained stubbornly high early in the second quarter.

Nifty kept pushing the pedal from start and did not give up. It managed to end with a gain.

The move, days after the company posted its best annual results, has triggered speculation that more such transactions could be in the offing. The collapse of the $7 billion sale last year after lengthy negotiations had reportedly led to divisions within the family, according to people with knowledge of the matter.

Lenders prepare to vote on revised bids for Rolta India to choose the buyer, with Ashdan leading despite challenges. The company's debt amounts to ₹14,000 crore, and an appeal to the appellate tribunal is still an option.