Is the stock market open on Good Friday today? - 13 minutes ago
Equity markets will remain closed for a total of 145 days in the calendar year, the same as that of 2023.
Economic Times

Asian stocks rise to track gains on Wall Street - 43 minutes ago
Japanese, South Korean and mainland Chinese stocks also rose, with much of the region, including Australia, Hong Kong and Singapore closed for a public holiday.
Economic Times

Tatas keeping a close eye on pledged shares as Shapoorji Pallonji goes on Rs 20,000-cr fundraise - about 1 hour ago
"Indian lenders and their credit committees would need to evaluate whether their inability to transfer or sell the security in a default situation represents an acceptable risk," said one of the persons.
Economic Times

Tokyo stocks rebound after US records - about 1 hour ago
Tokyo markets opened higher on Friday after the Dow and S&P 500 closed at new record highs on Wall Street. Many stock markets around Asia, including Hong Kong, were closed for Good Friday.
Economic Times

Mainland China stocks rise in early trade - about 1 hour ago
Mainland China stocks rose after the open on Friday, adding to the healthy gains recorded a day earlier. In early trade, the Shanghai Composite Index gained 0.27 percent, or 8.26 points, to 3,018.92, while the Shenzhen Composite Index on China's second exchange climbed 0.4 percent, or 6.90 points, to 1,739.50.
Economic Times

S&P 500 closes higher to secure strongest Q1 since 2019 - about 1 hour ago
Each of the three main U.S. indexes recorded solid quarterly gains, led by a climb of 10.16% for the S&P 500, aided by optimism over artificial intelligence (AI) related stocks and expectations the U.S. Federal Reserve will begin to cut interest rates this year.
Economic Times

How the US stock market rocketed through the first quarter - about 1 hour ago
The S&P 500 has climbed more than 10% so far this year to post its biggest first-quarter gain since 2019. The benchmark index in late January hit its first record high in two years, as it built on a surge in late 2023, and has not looked back, setting more than a dozen highs without a significant pullback so far in 2024.
Economic Times

Public shareholders clear ICICI Securities' delisting - about 2 hours ago
In the voting process that ended on March 27, investors holding 71.89% of the lender's shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities' delisting from the bourses. Shareholders of the broking firm will receive 67 shares of ICICI Bank for every 100 shares held.
Economic Times

These 3 sectors had a blast in a tentative March month. What to look forward to? - about 2 hours ago
If we look at the overall year, it was a rewarding period for Indian investors, where large caps rallied substantial 33%, midcaps surged by 56%, and small caps excelled with an impressive 63%, as indicated by the respective indices.
Economic Times

Rate hikes not fully transmitted, RBI may hold repo in April meet - about 2 hours ago
RBI maintains accommodation withdrawal due to incomplete transmission, focusing on inflation targeting and transmission challenges. Gudwani notes RBI's cautious stance, emphasizing the impact of liquidity conditions on rate transmission pace.
Economic Times

Bank loans to industry and services grow, retail lags in February - about 2 hours ago
Agricultural loans grew by 20.1%. Fresh loan rates at 9.36%. External Benchmark-based Lending Rate loans rose to 56.2%. Commercial real estate loans surged by 37.9%.
Economic Times

Gandhinagar: Sumitomo Mitsubishi Banking Corp gets nod to open branch in GIFT City - about 2 hours ago
SMBC opens branch in GIFT City, easing Japanese investments. Special zone provides tax benefits for offshore borrowing. India's first smart city, GIFT City, caters to diverse client needs with international and domestic banks.
Economic Times

India still under FTSE Russell consideration - about 2 hours ago
"There are criteria for a Market Accessibility Level of 1 the market does not satisfy, including the documentary requirements to fulfil the Foreign Portfolio Investor (FPI) registration, increased regulatory reporting, the inflexible length of the settlement cycle and the tax clearance process," an FTSE note read.
Economic Times

Tatas keeping a close eye on pledged shares - about 2 hours ago
"Indian lenders and their credit committees would need to evaluate whether their inability to transfer or sell the security in a default situation represents an acceptable risk," said one of the persons.
Economic Times

Sanlam Life cuts Shriram Finance stake - about 2 hours ago
Shares of the company closed 1.1% down at ₹2,360 on Thursday, after declining 3.22% in the last one month.
Economic Times

Karvy investor faces Sebi ban - about 2 hours ago
The regulator had conducted an inspection of Karvy Investor Services last year, during its onsite visit it found that it was not functioning both at the registered as well as in the correspondence address.
Economic Times

1 in every 5 stocks in Nifty 500 doubled your money in a year - about 2 hours ago
​​The index’s performance is also its second-best in the previous 10 years. Mid- and small-cap stocks were the top performers in the April-March period, while the financial year witnessed the resurgence of investment themes such as power, capital goods, and PSUs, which were mostly out of favour since 2008.
Economic Times

Adani cements its Ambuja stake with Rs 6,661 cr infusion - about 2 hours ago
The Adani family has invested ₹6,661 crore in Ambuja Cements, increasing its stake to 66.7%. This marks the second fund infusion since late-2022, when ₹5,000 crore was invested through warrants. The total investment of ₹11,661 crore aims to enhance capital flexibility for growth and strategic initiatives. Adani Cement, comprising ACC and Ambuja Cements, targets a production capacity of 140 million tonnes by 2028. The funds will support capacity expansion, operational efficiency, and strategic initiatives, including resource optimization and supply chain enhancements.
Economic Times

A modest debut for T+0 settlement - about 3 hours ago
According to BSE, 63 brokers participated in the shorter trade settlement process with 41 trading in 10 stocks. They placed a total of 329 orders which resulted in 90 trades, said the exchange in a release.
Economic Times

Nifty scores at 28% in FY24; investor wealth surges Rs 133,00,000 cr - about 3 hours ago
Nifty ended 0.9%, or 203 points, higher to close at 22,326 after jumping as much as 1.8%. The Sensex, which closed 0.90%, or 655 points, higher to close at 73,651, rose up to 1.6% earlier in the day. Both indices came close to hitting record highs. For the fiscal 2023-24, the Nifty was up 28.61% at the close of trade on Thursday. India's total market value surged by ₹133 lakh crore in FY24.
Economic Times

Godrej Agrovet buys 7.37 lakh shares in GCGPL for Rs 25 crore - about 11 hours ago
Godrej Agrovet invests Rs 25 crore in Godrej Cattle Genetics through rights issue, acquiring 7.37 lakh shares. The subsidiary focuses on agri-business, dairy farming, high-breed cattle, and cattle embryo, remaining wholly-owned.
Economic Times

PTC India gets shareholders' nod to divest 100% stake in energy arm - about 11 hours ago
In October, PTC India announced that the upstream firm ONGC had emerged as the successful bidder for acquiring 100 per cent stake in PTC Energy for an enterprise value of Rs 2,021 crore.
Economic Times

US stocks lackluster ahead of Easter break, eyes sharp Q1 gains - about 12 hours ago
At current levels, the blue-chip Dow is less than 1% away from the 40,000-mark, a level it has never breached. The S&P 500 on track for its best first quarter performance since 2019. Data on Thursday showed the US economy grew faster than previously estimated in the fourth quarter
Economic Times

Promoter of Shriram Finance sold over 59 lakh shares for Rs 1,427 crore - about 12 hours ago
Sanlam Life Insurance sells shares in Shriram Finance and RateGain Travel Technologies, maintaining stability in promoter shareholdings. Shriram Finance offers vehicle credit solutions, and RateGain provides SaaS solutions for the travel industry.
Economic Times

Britain to follow U.S. move to halve stock settlement time - about 13 hours ago
Britain's stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on Thursday, a step the UK government has backed to play catch up with Wall Street.
Economic Times

Macrotech Developers to raise Rs 125 cr through issue of debentures - about 13 hours ago
Realty firm Macrotech Developers Ltd said it will raise Rs 125 crore through the issue of non-convertible debentures (NCDs). Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country.
Economic Times

Karnataka Bank approves Rs 600 crore QIP share allotment - about 13 hours ago
Private lender Karnataka Bank’s committee of directors on Thursday approved the allotment of shares worth Rs 600 crore at a price of Rs 227 apiece to qualified institutional investors.
Economic Times

T+0 Settlement: A new dawn in Indian stock market - about 13 hours ago
Traditionally, Indian exchanges followed a T+2 settlement cycle, which was shortened to T+1 in January 2023. It started in a phased manner from January 2022.
Economic Times

Warburg Pincus exits IDFC First Bank, sells 2.3% stake for Rs 1,195 crore - about 14 hours ago
Cloverdell Investment, an affiliate of Warburg Pincus, offloaded 15.9 crore shares at Rs 75.24/, according to bulk deals data on the BSE. On Thursday, the stock ended 3% lower on the BSE at Rs 75.39.
Economic Times

Ambani, Adani collaborate for first time: Reliance picks 26% stake in Adani Power project - about 15 hours ago
In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use.
Economic Times

US stocks open flat ahead of Easter break, eyes sharp Q1 gains - about 15 hours ago
The Dow Jones Industrial Average rose 3.66 points, or 0.01%, at the open to 39,763.74.
Economic Times

Vedanta debt to be divided among demerged cos in ratio of assets - about 15 hours ago
Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.
Economic Times

Many people and companies have made millions on Trump media's stock - about 15 hours ago
The biggest beneficiary is Trump, the company's largest shareholder, whose stake is worth more than $5 billion, on paper. No other shareholder comes close, according to regulatory filings, but many of Trump Media's executives have seen their net worth swell this week, in some cases by many millions of dollars.
Economic Times

Tesla’s $350 billion stock slump shreds investor expectations - about 15 hours ago
Reasons for the shares’ dismal run this year — down 28% compared to a 10% advance in the S&P 500 Index — are many. However, the biggest cloud looming over the EV giant is the slowdown in the demand for electric vehicles, which is happening just as competition from legacy carmakers and Chinese rivals is heating up.
Economic Times

Sebi cancels merchant banking licence of Karvy Investor Services for non-compliance - about 15 hours ago
During an on-site inspection at Karvy Investor’s registered office in March last year, the regulator found inadequate infrastructure concerning office space, equipment, and manpower to effectively discharge the activities.
Economic Times

Ambani, Adani collaborate for first time: Reliance picks 26 pc stake in Adani Power project - about 15 hours ago
In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use.
Economic Times

Hindustan Copper, ZEEL among 4 stocks with top long unwinding - about 16 hours ago
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 Thursday's trading session, four stocks witnessed top-long unwindings. Here's the list:
Economic Times

Tech View: Nifty forms long wick candle. What should traders do on Monday - about 16 hours ago
The near-term uptrend of the Nifty remains intact with high volatility. The next upside levels to be watched are around 22,500-22,600 in the next week. Immediate support is at 22,250-22,200 levels, said Nagaraj Shetti of HDFC Securities. Today’s session marks the end of the financial year 2023-24 for traders.
Economic Times

Ashok Leyland among 7 stocks that will trade ex-dividend next week - about 17 hours ago
Here's a look at the stocks that would trade ex-dividend next week. (Source: Stockedge)
Economic Times

IREDA Board approves Rs 24,200 cr borrowing for FY25 - about 18 hours ago
According to the filing, the Board of Directors, in its meeting held today -- Thursday, March 28, 2024 -- inter-alia has approved the borrowing programme of up to Rs 24,200 crore for FY 2024-25.
Economic Times

IT stocks: There is a mixed picture by analysts, another round of warning on earnings coming; should you listen or ignore? - about 18 hours ago
Late last week and early part of this week, the fall in the market was led by a few largecap IT stocks. The reasons, once again there are fears that as the Q4 earning season comes closer, large IT companies would be announcing lackluster results with no great guidance for FY 25. While the probability of that happening cannot be ruled out, the question is whether these all things have been built in the underperformance of the stocks. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

Expected bump in Japan inflation may add to BOJ's communication challenge - about 19 hours ago
​An expected end to government subsidies to curb fuel bills will likely bump up Japan's inflation rate later this year, analysts say, complicating the central bank's efforts to communicate its intention to go slow in raising interest rates.
Economic Times

F&O Stocks: Tata Chemicals, IDFC First Bank among 5 stocks with short buildup - about 19 hours ago
When a trader is expecting the stock prices to fall, she may sell the stock without owning it and buy at a lower price. A short build-up happens when a stock price moves downward and open interest on the counter increases.
Economic Times

JPMorgan says US stocks are so crowded they may crack at any time - about 19 hours ago
The Wall Street giant’s chief global equity strategist warned clients on Wednesday that they could be “stuck on the wrong side” of the momentum trade when it eventually falters, and he encouraged them to consider diversifying their holdings and thinking about risk management in their portfolios. He also reiterated his warning that excessive crowding in the market’s best-performing stocks raises the risk of an imminent correction.
Economic Times

Portfolio management services flourish amid rising investor interest from Tier-I, -II regions - about 19 hours ago
In the current fiscal year, ICICI Pru has garnered one of the largest net inflows of Rs 5,518 crore between April 2023 and February 2024 according to the Sebi data.
Economic Times

VIP Industries shares jump 15% on brokerage upgrades. Here’s what they recommend - about 19 hours ago
Prabhudas Liladher has upgraded VIP Industries to 'Buy' from 'Hold' rating for a target of Rs 603, which has been revised up from earlier Rs 589. Its upgrade is driven by a 30% correction over the last six months and the ensuing valuation comfort. According to Prabhudas, VIP traded at a 17% discount to its LPA history of the past 10 years.
Economic Times

Stable policy, stronger balance sheets make them ready for another round of re-rating? 6 sugar stock with upside potential up to 44% - about 19 hours ago
If one was to look at the history of the sugar industry. Two things would stand out, their balance sheet was ridden with debt. Why it was ridden with debt because it is an industry where the policy and political interference was maximum. Second, the companies used to dread the time when elections were coming closer. The reason was simple, in order to please the vote bank, there would be announcements which would put pressure on the industry. The top most being the hike in the minimum support price (MSP) or fair remunerative price as it is called by this name also. It is essentially the minimum price at which sugar mills are supposed to buy sugar cane from farmers. But things have changed for the better in the last ten years and debt numbers and also stock prices are clearly showing that. There is no arbitrary change in policy around election time. The question is whether a better debt situation would lead to stronger re-rating this time?
Economic Times

Avenue Supermarts, Kalyan Jewellers among 6 stocks that hit new 52-week highs on Thursday - about 19 hours ago
Indian shares rose on Thursday, the final trading session of fiscal year 2024, as financials rose after the central bank eased recently tightened rules for lenders' investments in alternative investment funds (AIFs). Meanwhile, in today's trade, six stocks from the Nifty200 index hit a new 52-week high. Here's a list:
Economic Times

Stay with companies with some tailwinds: 5 largecap stocks from different sectors with upside scope of up to 50% - about 20 hours ago
When it comes to volatility, there are four things that one needs to take into account. First, the magnitude of volatility, frequency of volatile movement, sectors that are leading it, and overall market breadth during a volatile phase. If one takes all of these into account, the nifty has been able to inch upward but the fact that market breadth is still not clear is the hurdle rate. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps, this does not mean they will not face the heat, but over the medium to long term they would be the first ones to bounce back and if one looks at what has happened in last two trading session, it is the largecap which is leading the rally. So, in times of volatility which has come due to valuation readjustment, it would be better to stick with large caps and that too companies where there are some tailwinds of either policy or restructuring of the company.
Economic Times

​Over 200% returns! 5 Nifty Midcap 100 stocks that topped returns chart in FY24 - about 20 hours ago
As the financial year comes to a close, midcaps emerged as investors' favourite hunting ground. Railway stocks and power stocks were the biggest gainers from the midcap space. Here are the top gainers of FY24 from the Nifty Midcap 150 index. Take a look: (Source: Prabhudas Lilladher)
Economic Times