U.S. private equity firm KKR's affiliate, Esoteric, will sell a 17.3% stake in India Grid Trust (IndiGrid) for $213.6 million, the Indian investment firm said on Wednesday.

Nagaraj Shetti of HDFC Securities believes the Nifty's short-term outlook remains positive, but with limited movement. The market is poised to test the resistance level of 24,960, established during the opening down gap on August 2nd. If successful, the Nifty could reach 25,100 within the next week. Immediate support is currently at 24,650.

IIFL Securities has been imposed with a Rs 11 lakh penalty by Sebi for breaching stock broker regulations. An inspection in August 2022 uncovered lapses such as faulty fund settlement and inaccurate retention statements.

India's benchmark index, the Sensex, surged by about 102 points on Wednesday, ending the day at 80,905. During this upward movement, seven stocks in the BSE FMCG index hit their highest prices in the past year. Reaching a 52-week high is noteworthy because it represents the peak value a stock has achieved over the last 12 months, providing valuable information for traders and investors. This benchmark is essential for assessing a stock's current worth and predicting future price trends.

Indian markets remained volatile on Wednesday but closed in the green. The S&P BSE Sensex rose by more than 100 points while the Nifty50 gained 71 points to close at 24,770.

Shares of FSN E-Commerce Ventures, the parent of Nykaa, surged 19% to an all-time high, recovering from a two-day slump. This rise comes before their AGM on September 18. Nykaa’s quarterly net profit saw a 152% increase. The board approved further acquisitions and investments, reflecting strong investor confidence.

Trikkur Sitarama Iyer Kalyanaraman, the promoter of Kalyan Jewellers India, will acquire 2.36% equity shares for Rs 1,300 crore from Highdell Investment. The deal involves over 2.43 crore shares at Rs 535 each.

Shares of FSN E-Commerce Ventures, the parent company of beauty and fashion e-commerce platform Nykaa, surged 19% to its new all-time high of Rs 228.50 on BSE, marking a notable rebound after a two-day losing streak.

The domestic equity markets concluded a volatile trading session on Wednesday with gains. The BSE Sensex closed up by 102 points at 80,905, and the NSE Nifty advanced 71 points to 24,770. Consumer Durables stocks led the surge while financials and banks dipped slightly.

According to JM Financial, Kotak Mahindra Bank's stock is expected to outperform the Nifty50 index. The stock shows signs of upward movement with 50-day, 100-day, and 200-day averages trading in a narrow range. Futures open interest declined by 5%, indicating no short accumulation.

There are some businesses, where challenges are present all the year around. The difference is that as you scale the business, these challenges come down and then comes the inflection point where every incremental effort delivers much better results. But ironically, the biggest challenge is to scale the business itself. So, it is a kind of chicken and egg situation. Dairy sector is one such business that is probably the reason why it took decades for the best of the dairy industry players like Amul to reach a place where it has been able to reach today. Many may not know but dairy has been a sector where even the best of the foreign players who came to India in the last two had to sort of go back. It is local players who know the nuance of procurement the Indian way who have been able to scale up and probably reach a stage which is close to inflection point. Time to look at these stocks?

The company had submitted an application for settlement under Settlement Regulations in respect of the aforementioned matter with a view to avoid any protracted proceedings arising from Sebi's show cause notice, it said.

Indian benchmark equity indices took a breather on Wednesday after a four-session rally, mirroring the move in other Asian markets. However, five Nifty50 stocks touched new 52-week highs in today's trading session. Here's the list:

The financial sector’s 14.5% YoY profit growth has significantly outpaced the 2.6% YoY growth of the entire universe. This trend is consistent across Nifty 50, smallcap, midcap, and largecap stocks.

There are some businesses, where challenges are present all the year around. The difference is that as you scale the business, these challenges come down and then comes the inflection point where every incremental effort delivers much better results. But ironically, the biggest challenge is to scale the business itself. So, it is a kind of chicken and egg situation. Dairy sector is one such business that is probably the reason why it took decades for the best of the dairy industry players like Amul to reach a place where it has been able to reach today. Many may not know but dairy has been a sector where even the best of the foreign players who came to India in the last two had to sort of go back. It is local players who know the nuance of procurement the Indian way who have been able to scale up and probably reach a stage which is close to inflection point. Time to look at these stocks?

Cera Sanitaryware, which approved a Rs 130-crore share buyback earlier this month, will open bidding on August 22 and close it on August 28. Eligible shareholders can place their bids during this period, with the settlement of bids expected to be completed by September 4.

Profit margin is a widely used profitability ratio that indicates the percentage of sales converted into profits. ETMarkets analyses companies that have consistently maintained a profit margin over 10% in each of the last four quarters (from September '23 to June '24). We then refined this list to include only those with increasing sales from previous quarters and excluded banking and finance stocks, focusing on companies with a market cap exceeding Rs 2500 crore. Interestingly, 50 stocks met these criteria. By adding a price performance filter, we found that around 32 of these stocks gained over 50% in the past year. We have highlighted 10 of these stocks that turned into multibaggers during the same period. (Data Source: ACE Equity)

ICICI Securities' shares dropped 5% to Rs 808.55 following the NCLT Mumbai's approval of its delisting application. The tribunal dismissed objections from Quantum Mutual Fund and Manu Rishi Guptha, who argued the delisting harms minority shareholders. ICICI Securities noted significant shareholder support, with over 93% approving the delisting proposal.

Genus Power Share Price: Genus Power Infrastructure's stock surged 5% after securing orders worth Rs 3,608.52 crore for Advanced Metering Infrastructure Service Providers. The project includes the design, supply, installation, and maintenance of smart meters. The company leads India's metering solutions market and has an order book total of Rs 28,000 crore.

Reliance Power Share Price: Reliance Power's stock rose by 21.5% in four days, reaching Rs 36.17, amid talks of Adani Power acquiring its Butibori Thermal Plant for Rs 2,400 crore to Rs 3,000 crore. The move would support Adani's expansion plans amid rising electricity demand in India. Adani Power shares remained stable at Rs 698.45.

The project involves upgrading a 6-lane road in Gujarat within 2.5 years. The company previously secured a similar project last month.

Reliance Power's stock rose by 21.5% in four days, reaching Rs 36.17, amid talks of Adani Power acquiring its Butibori Thermal Plant for Rs 2,400 crore to Rs 3,000 crore. The move would support Adani's expansion plans amid rising electricity demand in India. Adani Power shares remained stable at Rs 698.45.

Nucleus Software Share Price: Nucleus Software Exports' shares jumped 32% over two days to Rs 1,560, following an announcement about a board meeting on August 22 to consider a share buyback. This would be the company's second buyback since September 2021. The shares have seen a 264% rise over the last two years.

Genus Power Infrastructure's stock surged 5% after securing orders worth Rs 3,608.52 crore for Advanced Metering Infrastructure Service Providers. The project includes the design, supply, installation, and maintenance of smart meters. The company leads India's metering solutions market and has an order book total of Rs 28,000 crore.

The division bench of Justice Virendra Singh G. Bisht and a technical member Prabhat Kumar, while approving the scheme in an oral order, also dismissed two applications that objected to the delisting scheme. The detailed order was not uploaded till the time of filing the story.

In Q1FY25, diversified auto ancillaries outperformed OEMs with 23% YoY revenue growth and 29% YoY EBITDA increase, compared to OEMs' 9% revenue and 21% EBITDA growth. Their focus on EVs, strong order books, and export exposure could mitigate headwinds faced by OEMs, such as rising inventory and weakening demand.

Retail investors booked profits in Suzlon Energy shares in the June quarter, while FIIs and mutual funds raised their holdings. The stock surged impressively, gaining 90% since April and over 300% in the past year. Suzlon aims to strengthen its presence with a major acquisition in Renom Energy Services.

Ola Electric Mobility's shares increased 4.4% after the company received PLI certification for two more of its electric scooters. This approval came after the expiry of the FAME II subsidy, replaced by the Electric Mobility Promotion Scheme.

Nucleus Software Exports' shares jumped 32% over two days to Rs 1,560, following an announcement about a board meeting on August 22 to consider a share buyback. This would be the company's second buyback since September 2021. The shares have seen a 264% rise over the last two years.

Foreign institutional investors (FIIs) are typically major corporations that invest in countries outside their home base. Based on StockEdge data, here are 10 largecap stocks from the Nifty200 index where FIIs increased their stake in Q1:

Every sector has a different transformation journey, the way the auto industry is getting transformed is very different from the journey of transformation which an energy company would follow. Of the sectors which have been going through structural changes and a number of them are close to a point where either companies should produce results or they would disappoint. Take the case of auto, and a year back they were close to the same inflection point. One year later as they launch their EV’s they are being re-rating. In the case of energy companies, because the transformation is different and is much more basic in nature which requires more capex, it is going to take time. Hence expectation of the similar reaction on the street should not be expected, but there is another side to it, it would be a more sustainable change on a much bigger balance sheet and long runway of growth.

Broach Lifecare Hospital shares listed on the BSE SME platform with a 90% premium on Wednesday, debuting at Rs 47.5 versus an issue price of Rs 25. The IPO, a fresh equity sale of 16.08 lakh shares, was oversubscribed by over 100 times, despite having no GMP.

Solve Plastic Products listed on the NSE SME platform at a 12% premium, opening at Rs 102 per share. Its IPO of 13.02 lakh fresh equity shares was oversubscribed over 30 times. The funds will be used for capital expenditure, working capital, and other corporate purposes. The company manufactures uPVC and Rigid PVC pipes.

After a robust performance, 30 PSU stocks have entered the bear market, prompting mutual funds and FIIs to reduce stakes. Despite strong government reforms bolstering these stocks, experts indicate current valuations are high and a correction period may be necessary. PSUs with high capital efficiency may continue to attract investors.

Shares of PNB Housing Finance jumped 10% to Rs 893.60 on the BSE after General Atlantic reportedly sold a 5.4% stake via a pre-market block deal. According to IIFL Securities, General Atlantic intended to sell 1.33 crore shares at Rs 775 each to raise Rs 1,033 crore.

On Wednesday, the Indian stock market experienced a minor downturn driven by financial and IT stock declines. The Sensex dropped 98 points, while the Nifty50 decreased by 17 points. Investors awaited the U.S. Federal Reserve meeting minutes for clues on rate cuts. Foreign investors continued to sell, while domestic investors showed buying interest.

Cyient sold around 1.2 crore shares of Cyient DLM at an average price of Rs 766/sh in an Rs 883 crore block deal today. Cyient had previously announced its intention to sell up to 1.15 crore shares, or a 14.5% stake, in its subsidiary. Following the deal, Cyient shares were up 1.6% at Rs 1,965 on the BSE, while Cyient DLM shares were down 0.65% at Rs 783.

Axis Bank's stock, which dropped 13% from its July 2024 highs, showed signs of potential recovery. Technical analysis suggests the stock could rebound to Rs 1,300-Rs 1,350 in the next 1-2 months. Improved RSI and support above the 200-Days Exponential Moving Average indicate a buying opportunity for high-risk traders.

Saurabh Mukherjea's Marcellus PMS has added CMS Info Systems, Coforge, and Escorts Kubota to its Rising Giants fund and exited Tata Elxsi. The changes aim to diversify the portfolio and boost earnings growth. Coforge has new leadership, while Escorts Kubota aims to expand its tractor market share.

JP Morgan maintained an overweight rating on Cyient, targeting Rs 2,100. BofA continued to favor Varun Beverages with a target of Rs 1,840, citing strong fundamentals. UBS retained a buy rating on Avenue Supermarts, setting a target price of Rs 6,000 due to strong demand and sales growth.

IRFC and other companies set August 22 as the record date for dividends, making today the final day for shareholders to qualify. IRFC declared a final dividend of Rs 0.70 per share and earlier offered an interim dividend for a total of Rs 1.50 per share for FY 2023-24.

Indian markets surged on Tuesday, led by strong buying in banking, financial, and auto stocks. Key stocks included Angel One, up 13.19%, Hindustan Zinc, which gained 3.73%, and Triveni, which fell 2.42%. Analyst Kushal Gandhi recommends buying Angel One, abstaining from Hindustan Zinc, and sees potential in Triveni stocks for favorable trading opportunities.

On an investment of Rs 3,246 crore in the Gurugram-based food delivery firm, the Chinese ecommerce giant Alibaba’s affiliate has pocketed Rs 12,521 crore till now, with another Rs 4,955 crore worth of shares still being held by it.

UBS Securities has rated KEI Industries and Polycab India with buy ratings, forecasting a 26-31% increase in their stocks over the next year. Analysts mentioned strong domestic demand, capacity expansion, and real estate growth as driving factors. KEI shares increased by 7.6% and Polycab by 2.2% on Tuesday.

Indian stock markets have seen a strong performance, resulting in increased earnings for the Securities and Exchange Board of India (Sebi). In FY24, Sebi's fee collection from market intermediaries rose 53% to ₹1,851 crore. Major contributors included higher regulatory fees from stock exchanges and increased turnover in both cash and derivatives markets.

Asian stocks declined following a halt in Wall Street's rally near record highs. Shares fell in Japan, Australia, and South Korea, while Chinese stocks are expected to follow suit. The market's recent gains were driven by hopes of Federal Reserve rate cuts. Investors are now looking for more signals from upcoming speeches and data.

Shares of Trump Media & Technology Group, primarily owned by Donald Trump, fell to record lows after his return to rival platform X. The company's stock has declined continuously for eight sessions, closing at $21.42. Contributing factors include a quarterly loss of $16.4 million and Trump's dwindling lead in recent polls and election betting markets.

U.S. stocks ended a multi-session rally with slight losses on Tuesday ahead of the Jackson Hole Economic Symposium. Investors are waiting for Federal Reserve Chair Jerome Powell's remarks, which might indicate upcoming rate cuts. Financial markets are speculating on how aggressive these cuts could be, driving market movements.

IndusInd Bank received approval from the Reserve Bank of India to set up a wholly-owned asset management business, a first for a mainstream lender. This move could signal more opportunities for other banks looking to diversify into para-banking sectors. The RBI had earlier allowed HDFC and ICICI Bank to increase stakes in insurance subsidiaries.