It might appear far-fetched to be question and assumption today, but will Indian engineering companies which have an overlap with capital goods compete with global giants for orders in developed countries. To get the answer, one will have to go back close to three decades back and get an answer in two parts. First, Indian companies were the big supplier of manpower in the gulf countries as they were the sub-contractors of companies building infrastructure before the start of the first Iraq war. Second, Today, Indian companies get full infrastructure projects, like contracts worth billions of dollars to build gas compression systems. While they are far and few, after surviving a major slow down after the global financial crisis, Indian engineering companies have come a long way. Will exports be the next big frontier for them.

The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26).

Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta, Oberoi Realty, Sundaram Finance etc.

The digitization of agricultural lands under DPI will allow the government to maintain comprehensive and accurate records of farming land across the country.

Following the Union Budget for 2024-25, brokerage firm Sharekhan has expressed optimism about several stocks across large, mid, and small-cap segments. According to its analysis, the budget is expected to positively impact companies such as ITC, UltraTech Cement, L&T, Tata Motors, TCS, Bharat Forge, HAL, and Radico Khaitan.

Antony Waste Handling Cell was the top gainer in the smallcap pack with 49.4% return, followed by MTNL (40%), Bhagiradha Chemicals and Industries (35.4%), and PC Jewellers (27.5%).

With the so-called Magnificent Seven accounting for a historic share of this year’s equity rally, the blind love affair with capitalization-weighted indexes appears to be on shaky ground. Retail and institutional investors are looking to diversify into new market winners by sinking cash into everything from consumer stocks to health care – regardless of the sorry track record for anyone trying to beat the tech-driven market.

Investors faced a jittery week with crucial earnings reports from top tech giants, a Federal Reserve policy meeting, and vital employment data. Following recent market turmoil, earnings from Microsoft, Apple, and Meta Platforms, along with the Fed's possible interest rate cuts and employment figures, were anticipated to influence U.S. stock trajectories significantly.

Wall Street indexes closed higher on Friday, with tech megacaps rebounding after mid-week sell-offs. Inflation data fueled optimism for potential Federal Reserve interest rate cuts. The Dow Jones ended positive for the week, boosted by 3M's forecast increase. However, Tesla and Alphabet saw declines. Key tech earnings next week may influence market direction.

Dexcom shares plummeted over 40% due to a revenue forecast cut linked to a problematic salesforce restructuring. The changes led to fewer new patients and boosted competition from Abbott and Medtronic. This wiped out $25.45 billion of Dexcom's market value.

Global equities rebounded on Friday as U.S. economic data indicated improving inflation, which lowered Treasury yields. The PCE price index rose 0.1% in June, aligning with expectations and raising confidence in potential Fed rate cuts. Wall Street saw notable gains, with the Dow rising 1.64%, while oil prices dropped due to Chinese demand concerns.

In February, the RBI had ordered the credit card company to stop using an unauthorised route to make some commercial payments, per a Reuters report. The central bank has aimed to tighten scrutiny of the processes followed by financial technology, or fintech, companies.

The NSE Nifty rose 428.75 points, or 1.76%, to close at a record of 24,834.85. The index hit a lifetime high of 24,861.15 during the day. The BSE Sensex rose 1,293 points, or 1.62%, to end at 81,333 after hitting a high of 81,427.18. The index fell 10 points short of the all-time closing level of 81,343.

Sebi's order relates to actions by L&T asset management company, which was acquired by HSBC Group last year in May and was merged with its asset management company in October 2023.

Mankind Pharma announced a ₹13,630 crore acquisition of Bharat Serums and Vaccines (BSV) to be funded through internal accruals and a mix of debt and equity. This strategic move will make them leaders in the gynaecology-fertility segment. The acquisition aligns with their goal to expand in high-potential areas and is expected to boost earnings from the second year.

The Reserve Bank of India (RBI) governor Shaktikanta Das expressed his concerns about structural changes taking place in the financial sector as a faster pace of credit growth than deposit growth potentially exposes the banking system to structural liquidity issues, while speaking at a media event last week.

Sebi's investigation is based on the findings of Financial Conduct Authority, its counterpart in UK, for the period from January 1, 2006 to March 31, 2008.

"Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks," managing director and chief executive Prashant Kumar told ET in an exclusive interaction.

Wall Street rebounded on Friday, led by the Dow's strong performance. Industrial conglomerate 3M's forecast boost and tech stock recovery helped the market. Key inflation data supported hopes for early Fed rate cuts.

Sebi was examining if the fund house had adequately recorded reasons for its investment decisions, among other things. Also, the market regulator looked into the reasons for the sale of three stocks viz. Hindustan Zinc, Sadbhav Engineering and Vodafone Idea, which resulted in losses worth Rs 1.61 crore, Rs 14.97 crore and Rs 25.43 crore, respectively. The total loss was recorded at Rs 42 crore.

US stocks opened higher on Thursday, with the Dow Jones Industrial Average jumping over 1.37% driven by a 17% surge in 3M after the company raised its profit forecast. Chip stocks rebounded, led by gains in Nvidia, Intel, Broadcom, and Qualcomm. Tech giants saw mixed results, with Apple, Tesla, and Alphabet declining, while Microsoft, Meta, and Amazon edged higher.

According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market in any capacity. The former liquor baron is also barred from any association with listed or proposed-to-be-listed companies. As part of the ban, Mallya's existing holdings of securities, including mutual fund units, will be frozen, the regulator stated.

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 Friday's trading session, four stocks witnessed a long unwinding. Here's the list:

The Dow Jones Industrial Average rose 205.79 points, or 0.52%, at the open to 40,140.86.

Vedanta shares rallied as much as 4% on Friday after rating agency S&P Global Ratings upgraded the rating of its UK based parent, Vedanta Resources, to 'B-' from 'CCC+', citing improving capital structure and liquidity while assigning a stable outlook.

While the latest tax changes in the budget 2024 may not be everyone's favorite, they play a crucial role in the investment landscape. In the full Union budget, FM Nirmala Sitharaman highlighted a few key points that are of interest to most taxpayers: LTCG and STCG taxes on equity and property investments. To understand these changes and their impact, we'll explore examples and case studies that will help you navigate these shifts in the financial terrain.

Gautam Adani’s power transmission unit, Adani Energy Solutions, prepared a share sale of at least 50 billion rupees, with banks ICICI Securities, Jefferies Financial, and SBI Capital as advisers. The sale could conclude by mid-August.

According to Nagaraj Shetti of HDFC Securities, the Nifty index has recently regained support from its 10-day and 20-day exponential moving averages (EMAs) after briefly dipping below them. This reinforces the significance of these moving averages as a support level for the index over the past several weeks.

Short covering refers to the buying of shares to close an existing short position, signaling a shift from extreme bearishness to bullishness. In Friday's trading session, five stocks saw short covering. Here's the list:

Telecom infrastructure company Indus Towers said the board will consider and approve a proposal to buyback of fully paid-up equity shares, pushing its stock price up by 4.75% Friday.

On Friday, Vedanta's board of directors authorized a second interim dividend of Rs 4 per share for the fiscal year 2024-25. The total payout is set to be Rs 1,564 crore.

Led by buying in IT and metal stocks, Sensex jumped 1,150 points on Friday as investors looked beyond the capital gains tax hike in Budget. Meanwhile, in Friday's trading session, seven stocks from the Nifty50 index hit a new 52-week high. Here's the list:

Among the new additions were Emkay Global Financial Services (1.63%), Super Sales India (1.06%), Nile (1.10%), Tinna Rubber and Infrastructure (1.03%) and Ujjivan Small Finance Bank (1.07%). In these Emkay Global, Nile and Tina Rubber have been multibaggers, delivering returns of 120%, 177% and 349% over the last one year. Super Sales, on the other hand, has given returns of 58% in this period.

Paytm Share Price Upper Circuit Today: Shares of fintech major Paytm surged up to 10% intraday on Friday following government approval of its foreign direct investment (FDI) proposal for the payment aggregator business. The financial services secretary announced that Paytm can now approach the Reserve Bank to seek the payment aggregator license, which will undergo further evaluation.

The NiftyIT index has outperformed the benchmark Nifty index over the past year, with gains of 35% compared to Nifty's 24%. With the companies in this index having recently released their results for the June quarter, ETMarkets analyzed some key data points. The data reveals that revenue growth for most IT companies, on both a yearly and sequential basis, is either in the single digits or negative. Profit growth has also been relatively modest, with only a few companies showing improvement on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis. However, most of these companies have maintained double-digit profit margins. Despite these results showing some weakness on an annual basis, most companies have experienced price increases ranging from 25% to 100% over the past year.

In the Union Budget announced on July 23, Finance Minister Sitharaman raised both short-term and long-term capital gains tax rates, to 20% and 12.5%, respectively. Prior to this, analyst Wood had cautioned that a substantial increase in capital gains tax could trigger a market downturn exceeding the correction seen after the June 4th Lok Sabha elections.

Close to two decades back, private insurance companies started gaining prominence, there were two issues which got highlighted. First, the vast opportunity for insurance companies to tap into. Second, a voice of concern, about three things, capital, expertise and patience to run an insurance company. If one looks at the situation today, probably both have come true. There have been phases where headwinds took over the positive. Covid brought a lot of awareness about the need, but then also brought in a need for more capital. Then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, a number of these problems will get resolved over a period of time. It is probably a sector which long term investors should have on their watchlist because the overall opportunity for the sector is very big.

Close to two decades back, private insurance companies started gaining prominence, there were two issues which got highlighted. First, the vast opportunity for insurance companies to tap into. Second, a voice of concern, about three things, capital, expertise and patience to run an insurance company. If one looks at the situation today, probably both have come true. There have been phases where headwinds took over the positive. Covid brought a lot of awareness about the need, but then also brought in a need for more capital. Then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, a number of these problems will get resolved over a period of time. It is probably a sector which long term investors should have on their watchlist because the overall opportunity for the sector is very big.

The Union Budget proposes adjusting tax slabs under the new tax regime and increasing the standard deduction from Rs 50,000 to Rs 75,000. With this higher deduction, individuals with an annual income of up to Rs 7.75 lakh could pay no tax. Finance Minister Nirmala Sitharaman stated that these changes could help salaried employees save up to Rs 17,500 in income tax, as the new regime already offers lower tax rates compared to the old regime.

The company’s board of directors will also be approving the unaudited financial results of the company for the quarter ended June 30 2024 and consider an interim dividend for the equity shareholders of the company for the financial year 2024.

Sensex News: India's benchmark indices, Nifty50 and Sensex, opened higher on Friday after five sessions of losses, driven by gains in IT and energy stocks. Key gainers included Bharti Airtel, Kotak Bank, Tata Steel, TCS, SBI, and Infosys. Tech Mahindra fell despite positive revenue estimates, while AU Small Finance Bank and Cyient saw significant share price movements.

Sensex News: India's benchmark indices, Nifty50 and Sensex, opened higher on Friday after five sessions of losses, driven by gains in IT and energy stocks. Key gainers included Bharti Airtel, Kotak Bank, Tata Steel, TCS, SBI, and Infosys. Tech Mahindra fell despite positive revenue estimates, while AU Small Finance Bank and Cyient saw significant share price movements.

Indus Towers shares buyback proposal: The board meeting will be held on Thursday, July 30, 2024. The company's board of directors will also approve the unaudited financial results for the quarter ended June 30, 2024. If the board approves the buyback, it will be the first time in eight years that the company has conducted one.

A day after Nasdaq had fallen by more than 3 %, to see Indian IT stocks trading with minor cuts and some even witnessing intraday recovery is something which is probably which indicates more than obvious. This has to be looked at in context of the fact that as a sector IT stocks has been underperforming then why this sudden out performance. Also combine the fact that most of the large IT companies which had been coming out with Q1 results have been better than expected. So, probably it might be the time to shed the bias and look at the sector without recency bias. 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.

VST Industries' shares surged 7.4% after the company announced a 10:1 bonus share issue, despite reporting a 36% YoY decline in PAT for the June quarter. The record date for determining shareholder eligibility is August 30. Shares will be credited by September 24.

Sanstar Stock Update: Sanstar shares climbed 19% on debut but underperformed expectations, prompting expert advice for profit booking due to elevated valuations.

India's benchmark indices, Nifty50 and Sensex, opened higher on Friday after five sessions of losses, driven by gains in IT and energy stocks. Key gainers included Bharti Airtel, Kotak Bank, Tata Steel, TCS, SBI, and Infosys. Tech Mahindra fell despite positive revenue estimates, while AU Small Finance Bank and Cyient saw significant share price movements.

Tech Mahindra's shares fell 5.5% after Q1 PAT rose 23% YoY to Rs 851 crore, below the Rs 870 crore estimate. Revenue dropped 1% YoY but improved 1% sequentially. Brokerages gave mixed ratings: Nomura - Buy, Motilal Oswal - Neutral, Nuvama - Reduce.

Shares of Go Digit General Insurance rallied 8% on Friday to a day's high of Rs 362.25 on the BSE after the company reported a 74% increase in net profit for the quarter ended June 30, 2024, reaching Rs 101 crore, up from Rs 58 crore in the same period last year.

Shares of Sobha fell 4.5% to Rs 1,779 due to block deal reports, possibly involving Anamudi Real Estate LLP. Despite the drop, the stock has risen 190% over the past year. The company reported an 86% decline in Q4 FY24 profit with net profit at Rs 7.02 crore and income at Rs 791.25 crore.