The Adani Group experienced its worst trading day since the Hindenburg controversy, with a $20 billion market cap drop following bribery charges against Gautam Adani and other executives by US prosecutors. Adani's net worth plunged by $10.5 billion, and shares of Adani companies plummeted, impacting bond markets and prompting concern from investors like GQG Partners.

Varun Beverages' shares fell 3.4% after raising Rs 7,500 crore through a QIP at a 4.97% discount. The company reported strong Q3 profit and revenue growth.

Indian stock markets opened lower on Thursday, dragged down by a sharp decline in Adani Group stocks. This follows charges against chairman Gautam Adani in the US over an alleged multibillion-dollar fraud scheme. The benchmark indices, Sensex and Nifty, fell by over 1% and 0.9% respectively, with Adani Enterprises and Adani Ports being the top losers.

Gautam Adani and seven others were indicted in a US bribery case. Moody's said the indictment is credit negative for Adani Group companies. Adani Group stocks and dollar bond prices fell sharply. Adani bull GQG Partners said it was reviewing the emerging details. GQG's statement came after its stock tumbled 26% in Australia.

Navigating market downturns demands a strong mindset. The author emphasizes the importance of sticking to a long-term investment process, even amidst fear and uncertainty. He introduces the '1-in-4 Rule' to remind investors that market volatility is normal and should be factored into investment strategies.

On November 19, four stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

The surging US dollar, driven by a strengthening US economy and potential policy shifts, is impacting Indian markets. Import-heavy sectors like oil and gas and auto are facing margin pressures, while export-dependent sectors remain resilient for now. Market sentiment is cautious as investors await clarity on the future direction of the dollar and its impact on Indian equities.

Vedanta Aluminium, India's largest aluminium producer, has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter. This five-year contract will see GAIL Gas construct a 7.5 km pipeline to deliver around 32,000 SCM of natural gas daily, reducing carbon emissions and boosting production at the world's largest aluminium plant.

Adani Energy Solutions' shares plummeted 20% after Gautam Adani and others faced charges in a US bribery and fraud case. This occurred despite the company's announcement of a 100% stake acquisition in Pune-III Transmission, aiming to enhance shareholder value and support renewable energy evacuation.

JSW Steel's shares dipped 1% after securing the Codli Mineral Block XII in Goa for ₹92.60% of the mineral value. The block holds an estimated 48.5 million tonnes of iron ore resources. This follows their Italian arm finalizing a €30 million release agreement with Metinvest Adria S.p.A.

Indian indices Sensex and Nifty50 opened lower, impacted by Adani stocks' decline following bribery and fraud allegations.

Adani Infra is set to acquire a 30.07% stake in PSP Projects from existing shareholder Prahladbhai S. Patel. The deal aims to boost PSP Projects' growth in the Indian infrastructure sector, with Adani planning significant investments. PSP Projects will retain its current leadership, but Adani Infra will gain equal board representation.

Citi's latest India strategy report suggests that the recent market correction presents opportunities for long-term investors. While earnings show sectoral variations, Citi anticipates growth driven by public spending and rural demand. Despite strong domestic investments, continued FII selling remains a concern. Citi upgrades cement to "Overweight" and sets a cautiously optimistic Nifty target of 25,000 by September 2025.

GQG Partners, an investment firm that heavily invested in Adani stocks, is reviewing its portfolio following U.S. prosecutors indicting Gautam Adani and others on bribery charges. GQG's shares plummeted 26% after the news, while Adani Group stocks fell by up to 20% in India.

Time Technoplast Ltd, after consolidating for 3 months, is signaling a rebound. Experts suggest a medium-term target of Rs 460. The stock, despite reaching a record high of Rs 473, experienced a recent dip but found support at the 26-week moving average.

Amid a weak market sentiment, the Nifty 50 index was able to snap its 7-day losing streak after settling 64.70 points or 0.28% higher at 23,518.50 in Tuesday’s trading session.The index has fallen by nearly 10.5% from its peak of 26,277 made in September while the broader markets have also witnessed a slowdown. The Nifty smallcap 100 index has fallen around 6% in the month so far while the Nifty midcap 100 index has tumbled around 4%.Among the smallcap sector, stocks have witnessed a decline of as much as 78% from their 52-week high. Here is a list of 38 smallcap stocks that were the worst hit in the market decline:

Morgan Stanley maintains a cautious stance on the chemical sector, retaining an "Overweight" rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.

Tata Power's shares dipped 2.6% after announcing a partnership with Bhutan's Druk Green Power Corporation to develop 5,000 MW of renewable energy projects in Bhutan. The collaboration will focus on hydropower and solar projects, leveraging Bhutan's resources and India's energy demands.

Indian indices Sensex and Nifty50 opened lower, impacted by Adani stocks' decline following bribery and fraud allegations.

Bharti Airtel has signed a major deal with Nokia. Nokia will deploy 4G and 5G equipment in major Indian cities. This will enhance Airtel's network capacity and coverage. The deal also includes modernizing Airtel's existing 4G network. Airtel will use Nokia's network management system for intelligent monitoring. This partnership aims to provide customers with an unparalleled user experience.

Adani Infra is set to acquire a 30.07% stake in PSP Projects from existing shareholder Prahladbhai S. Patel. The deal aims to boost PSP Projects' growth in the Indian infrastructure sector, with Adani planning significant investments. PSP Projects will retain its current leadership, but Adani Infra will gain equal board representation.

Gautam Adani and seven others were charged in the US in a multibillion-dollar bribery and fraud case. Adani Group company stocks fell sharply. Adani and the others are accused of bribing Indian officials to secure solar energy contracts. They allegedly defrauded US investors. The US Securities and Exchange Commission filed charges. Adani Group scrapped a $600 million bond offering.

On November 19, five stocks from the Nifty500 pack came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest. Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Investec has initiated coverage on Adani Energy with a "Buy" recommendation, citing significant opportunities in the transmission and smart metering segments

Indian indices Sensex and Nifty50 opened lower, impacted by Adani stocks' decline following bribery and fraud allegations.

Shares of Anil Agarwal-led Vedanta are expected to remain in focus on Thursday following news that the company's subsidiary, Vedanta Aluminium, has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter.

Adani Energy Solutions has acquired a 100% stake in Pune-III Transmission Limited (PTL) through a Share Purchase Agreement with PFC Consulting. The acquisition aligns with Adani Energy’s strategy to boost shareholder value and supports renewable energy evacuation from Khavda RE Park. PTL’s projects include establishing high-voltage substations and a 322 km transmission line.

The Indian market is expected to consolidate on November 21, 2024, due to muted global cues. Nifty futures closed with a slight loss on Tuesday, and the market was shut on Wednesday. Experts recommend stocks like Varun Beverages, Coromandel International, Tech Mahindra, and Indigo as top trading ideas, with specific targets and stop-loss levels for short-term traders.

JSW Steel shares are expected to be in focus on Thursday after the company announced that it has been declared the preferred bidder for Codli Mineral Block XII in Dharbandora, Goa. The company submitted the highest final offer, valued at 92.60% of the mineral dispatched.

Stocks of Adani Group companies are expected to attract attention on Thursday following reports that Gautam Adani, the head of India's Adani Group, along with seven others, faces charges in the United States related to a multibillion-dollar bribery and fraud scheme.

CIEL HR Services has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for acquisitions, investments, and working capital. CIEL HR, promoted by Pandiarajan Karuppasamy, offers a range of HR services and technology platforms to various sectors.

Stocks of Adani Group companies are expected to attract attention on Thursday following reports that Gautam Adani, the head of India's Adani Group, along with seven others, faces charges in the United States related to a multibillion-dollar bribery and fraud scheme.

Stocks of Adani Group companies are expected to attract attention on Thursday following reports that Gautam Adani, the head of India's Adani Group, along with seven others, faces charges in the United States related to a multibillion-dollar bribery and fraud scheme.

Twelve companies, including Orient Technologies and Steelcast, have set November 22nd as the ex-dividend date. Investors looking to receive dividends from these companies must purchase shares before this date. The article lists each company and their respective dividend amounts.

Federal Reserve Governors Michelle Bowman and Lisa Cook expressed differing views on future monetary policy. While Bowman urged caution due to persistent inflation, Cook expressed confidence in continued easing of price pressures. Their perspectives highlight the factors influencing the Fed's decision on a potential interest rate cut at its December meeting.

Godrej Properties has acquired a 53-acre land parcel in Kolkata, aiming to develop a residential plotted project with a revenue potential of Rs 500 crore. The project, located in Joka, is expected to offer 1.3 million square feet of saleable area. Godrej Properties' shares closed higher on the BSE following the announcement.

UPL announced a rights issue to raise Rs 3,378 crore, offering shares at a 34% discount. The move aims to reduce debt, enhance liquidity, and fund strategic growth. This comes as the company reported a second-quarter net loss of Rs 443 crore despite a 22.3% rise in revenue.

The Supreme Court of India has ruled that telecom companies can claim tax credits for duties paid on equipment like tower components and shelters. This decision overturns a previous Bombay High Court ruling and is expected to provide significant financial relief to companies like Bharti Airtel and Vodafone Idea by allowing them to claim credits previously deemed ineligible.

Zinka Logistics is set to debut on the stock market with a flat premium. The company's IPO was met with a decent response from investors. Zinka Logistics aims to revolutionize India's trucking industry with its BlackBuck app, which provides a range of services for truck operators, including payments, telematics, and load management.

Nvidia surpassed Wall Street predictions, reporting doubled revenue due to high demand for its semiconductors used in AI. The company anticipates further growth. Nvidia's market value reached $3.579 trillion, regaining the top position in the S&P 500. Its data center business revenue surged by 112%. Analysts project Nvidia's revenue to reach $126.5 billion by fiscal year 2025.

The Nasdaq dipped on Wednesday, halting its previous rally, as investors reacted to heightened Russia-Ukraine tensions and disappointing Target earnings. Meanwhile, the Dow and S&P 500 saw modest gains. Market sentiment was also influenced by anticipation surrounding Nvidia's earnings, which were released after the closing bell.

“Maruti India stock has found support at the lower band of a Broadening Rising Wedge formation, further reinforcing the likelihood of a bounce back. Traders can buy for a target of Rs 11500 in the next 3-4 weeks,” Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.

The 23,780-23,800 range will serve as critical resistance for the index. On the downside, the 50-weekly simple moving average (WSMA) is placed near 23,300, which will provide short-term support for the index. Overall, the short-term trend is down till index remains below 23,800, said Hrishikesh Yedve of Asit C Mehta Investment Interrmediates.

Fitch Ratings has maintained its 'B-' rating for Vedanta Resources Ltd (VRL), the parent of Vedanta, while assigning a positive outlook that signals potential upward momentum.

Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher.

Just as the market was about to witness one of its strongest FII selling phases, an auto company opened bookings for a new model. There were over 1.76 lakh bookings in just 60 minutes! Yet, the auto stock declined sharply in the ensuing correction. Should you be looking at what this one model will do to the bottom line of the company? Or should you be paying attention to the Nifty and Sensex and accompanying narratives? The answer is obvious. And needless to say, the stock bounced back at the first hint of recovery in the market. Is the auto company the only winner? No. An auto ancillary company supplying parts for that model would also be a winner. So, having both in your portfolio would be better. 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.

Despite festive spending and a recovering agricultural sector boosting the Indian economy, rising inflation threatens to undermine growth, particularly in industry and exports, according to RBI researchers. While financial markets experience corrections due to a strengthening US dollar and foreign investment outflows, the RBI remains committed to price stability and growth.

Vodafone Idea's network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers. Despite claims of sufficient funds for the fiscal year, banks remain cautious due to Vi's substantial debt, including AGR dues. This situation could hinder Vi's ability to compete effectively with rivals like Jio and Airtel.

“We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.

​​According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala's family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.