Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders fell sharply after ICICI Securities predicted significant downside risks. The brokerage firm cited stock overvaluation and potential order execution challenges, influencing investor sentiment negatively.

Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. Here's is a list of 10 counters from Nifty500 index where promoters' pledge went up in Q1 FY25, according to StockEdge data:

Sunlite Recycling Industries' shares listed at a 90% premium on NSE SME, opening at Rs 199.5 per share compared to the IPO price of Rs 105. The IPO received strong non-institutional interest, being subscribed over 200 times. The company specializes in recycling copper scrap into various products while focusing on environmentally friendly practices.

Positron Energy's shares listed on the NSE SME at a 90% premium, debuting at Rs 475 compared to the Rs 250 issue price. The IPO, a fresh equity sale, was heavily subscribed. The funds raised will be used for working capital, capital expenditure, and general purposes. The company specializes in management and advisory services in India's gas distribution sector.

Indian stock markets opened higher, driven by global market gains and speculation on imminent U.S. Fed rate cuts. IndusInd Bank, UltraTech Cement, and TCS were among the gainers. Nifty IT sector also gained 0.9%, led by Coforge, Persistent, and TCS. Wall Street's optimism ahead of Fed Chair's address also supported the rise.

Shares of Ola Electric soar 8% to a new peak of Rs 157.53 on the BSE, surpassing Tesla's valuation. The EV stock has surged 107% from its IPO price of Rs 76 in just 7 trading sessions. On Tuesday, 2.3 crore shares, or 0.5% equity, worth Rs 352.9 crore, changed hands at Rs 151 per share.

In 2024, promoter sales exceeded Rs 1 lakh crore. Data from ETMarkets and Prime Database reveal that promoters of over 250 companies have sold stakes totaling approximately Rs 97,000 crore through bulk and block deals. Promoters of listed companies have also offloaded stakes through the OFS route which accounts for another Rs 7,300 crore.

Saraswati Saree Depot's shares listed at a 25% premium on BSE and NSE, with an IPO subscription of over 107 times. The funds raised included 65 lakh new shares and 35 lakh shares from promoters. The company, a key player in the saree wholesale business, reported a revenue of Rs 610 crore in fiscal 2024.

IDFC First Bank Ltd experienced a 30% decline from its recent peak, signaling bottoming out signs. Experts advised high-risk traders to buy the stock with a target of Rs 96 in 4-6 months. The stock exhibited potential reversal indicators, including a falling wedge and a bullish hammer, hinting at an upcoming uptrend.

Indian stock markets opened higher, driven by global market gains and speculation on imminent U.S. Fed rate cuts. IndusInd Bank, UltraTech Cement, and TCS were among the gainers. Nifty IT sector also gained 0.9%, led by Coforge, Persistent, and TCS. Wall Street's optimism ahead of Fed Chair's address also supported the rise.

Shares of food aggregator Zomato dropped 2% to a day's low of Rs 257.10 on the BSE in the early trading session following reports that Antfin Singapore sold a 2.4% stake in the company through a block deal. Approximately 21 crore shares, equating to a 2.4% stake, were traded in this deal. The identities of the official parties involved in the transaction have not yet been revealed.

The BSE Sensex was trading 194 points, or 0.24%, higher at 80,620. The Nifty50 was up 58 points, or 0.24%, trading at 24,631 around 9:20 am.

JPMorgan has maintained a neutral rating on HCLTech with a target price of Rs 1,510. The recent CFO succession, while surprising, is expected to proceed smoothly. Prateek, who held the CFO position for six years, had been with HCLTech for 13.5 years in total.

Khaitan & Co's survey indicated continuous interest in India for private equity, with notable activity in energy, technology, healthcare, and financial sectors. Promoters are increasingly open to selling majority shares. The emphasis on due diligence, risk assessment, and ESG considerations among PE firms is rising, fostering diversified investment portfolios and new ventures.

Symphony's board has approved a share buyback of Rs 71.40 crore at Rs 2,500 per share, which is nearly 48% above the last closing price. This buyback includes 2,85,600 fully paid equity shares and will follow a tender offer route. The record date has been set for August 21.

Hindustan Aeronautics (HAL) and other companies including Symphony and Pfizer set August 21 as the record date for dividends. HAL declared a Rs 13 per share dividend. Today is the last day to purchase shares to be eligible. Several other firms will start trading on an ex-dividend basis from Wednesday.

Antfin Singapore, part of Alibaba Group, arranged to sell a 1.54% stake in Zomato on Tuesday through block deals, anticipating raising around ₹3,400 crore. The shares were priced at ₹251.68 each, a 4% discount to the previous closing price. Antfin previously held a 4.24% stake and had sold a 2% stake earlier this year.

On Monday, metal stocks rose, driven by moderate valuations and an anti-dumping investigation on Vietnamese hot-rolled coil imports. The Nifty Metal Index gained 1.87%, and companies like National Aluminium and Hindalco saw significant increases. Analysts, however, remain cautious due to challenges from Chinese imports despite the recent valuation corrections.

Vedanta sold 63.6 million shares of Hindustan Zinc, raising ₹3,100 crore, yet fell short of the planned ₹6,500 crore. Despite high investor interest, share prices of Hindustan Zinc and parent company Vedanta have seen significant declines. Removal of green shoe options influenced the final outcome of proceeds.

Corporate India's June quarter earnings expectations hit a low not seen since the immediate aftermath of the Covid shutdowns. The upgrade-to-downgrade ratio fell to 40%, reflecting a slowdown in demand, with 393 companies facing downgrades and 247 companies seeing upgrades. Analysts expect the earnings situation to improve from September 2024 onward.

The benchmark indices saw a flat closing on Monday with investors waiting for more triggers. Key focus areas were IndusInd Bank's RBI nod for a mutual fund business, Saraswati Saree Depot's 30% premium debut, and movements in Zomato, Poly Medicure, Motilal Oswal, Hi-Tech Pipes, Sapphire Foods, and HCL Tech shares.

U.S. stocks advanced on Monday, extended by gains in the tech-heavy Nasdaq. Investors looked ahead to the Democratic National Convention and the Jackson Hole Economic Symposium. Expectations grew for a Federal Reserve rate cut in September, boosting market confidence. Nvidia and Microsoft shares contributed significantly to the positive momentum.

“ICICI Securities stock price has been consolidating in a broader range of 700-800 from nearly the last four to five months with prices holding well above its 200-day exponential moving average. Traders can buy for a target of Rs 905 in the next 6-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Asian stocks climbed following an optimistic Wall Street session, driven by hopes that the Federal Reserve may soon hint at interest rate cuts. Gains were noted in Japan, South Korea, and Australia. Key updates from China and the Reserve Bank of Australia are awaited, along with the yen's performance ahead of the Bank of Japan's statement.

The Nifty 50 experienced a consolidation, closing slightly higher by 31.50 points. Stocks like Anupam Rasayan and Bombay Burmah indicated bullish signals, poised for potential breakouts. Anupam Rasayan showed promising technical indicators, while Bombay Burmah is positioned to benefit from increased volumes and favorable market conditions.

If one looks at the recent performance of the largecap stocks, they have been able to cover some of the differential which had developed in the valuations between mid and large stocks. But if one looks at the long -term average, there is still a scope of mean reversion. As an investor, even in a bull market, it would be better to stay prepared for a volatile phase. So a part of the incremental exposure should be going to large cap stocks. But here the difference has to be made between what is a large cap and what are mega caps. There is more to large cap than TCS, Infy and Reliance. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

The breakout from months-long consolidation has opened a path for the stock for potential gains. Analysts advised short-term traders to aim for a target above 900 within the next 6-7 weeks. The stock, which bounced back after testing its 200-DMA, closed at Rs 799 on August 16, 2024. ​The stock is now trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.

The S&P 500 and Nasdaq climbed for the eighth day in a row as recession fears faded. Major indexes recorded their best week of the year following encouraging jobless claims and retail sales. Market focus shifts to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for hints on possible rate cuts.

European shares increased on Monday, supported by retail and basic resources stocks. The STOXX 600 index reached a three-week high. Meanwhile, defense stocks dipped due to potential German budget constraints on military aid to Ukraine.

Sebi suggested replacing 'consent letter' with 'debenture trustee agreement' for debenture trustee appointments to enhance transparency and legal validation. This change aims to aid investors by providing clearer information.

Carl Icahn and Icahn Enterprises LP settled with U.S. regulators for $2 million over failing to disclose that most of their securities were pledged for personal loans. The SEC probe followed allegations from Hindenburg Research. While the investigation found non-disclosures, it did not validate claims of a Ponzi-like scheme. Icahn rebutted the accusations.

AMD has planned to acquire ZT Systems for $4.9 billion to strengthen its AI chip offerings and compete with Nvidia. The deal includes using cash and stock for the purchase and aims to enhance AMD's ability to test and launch AI GPUs. The acquisition is anticipated to close by mid-2025.

Vedanta will utilise the proceeds generated from the OFS for deleveraging its balance sheet and investment in its growth projects. This, coupled with the Rs 8,500 crore qualified institutional placement, will help bring down debt at the company as well as at the group level.

Tata Consumer Products Ltd on Monday said it has closed its rights issue of Rs 3,000 crore. The company had opened the issue on August 5, Tata Consumer Products Ltd (TCPL) said in a regulatory filing.

Wall Street's main indexes opened flat on Monday after clocking their best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for rate-cut indications.

AIFs will now have the flexibility to borrow a maximum of 10% of their investable funds, but not more than four times a year, to cover shortfalls in investor commitments. This move by SEBI is intended to improve operational ease for AIFs. Any intention to borrow must be clearly stated in the AIF's PPM.

Shares of some mpox vaccine and drug developers jumped sharply on Monday in premarket trading, putting them on track to extend gains from last week as concerns over an outbreak of the virus rise.

Life Insurance Corporation of India (LIC) on Monday said it has sold a 2.09 per cent stake in state-owned Hindustan Copper for Rs 447 crore through an open market transaction.

The RBI has also allowed the private sector lender to infuse equity capital in the asset management subsidiary, the filing said.

The short-term trend for Nifty remains positive. Currently positioned at the key resistance level around 24,700, there may be some consolidation or a minor dip over the next 1-2 sessions before it potentially breaks out further to the upside.

Indian markets closed flat with a negative bias on Monday tracking mixed cues.The S&P BSE Sensex index was down 12 points while the Nifty50 rose 31 points to close at 24,572.

A total of 768 entities settled cases pertaining to alleged non-genuine trades at the stock options segment on the BSE with Sebi under the settlement scheme introduced in 2024, the markets regulator said on Monday.

Capital markets regulator Sebi has segregated dues to the tune of Rs 76,293 crore under "difficult to recover" category at the end of March 2024, marking an increase of 4 per cent from the preceding year. Of this, a huge chunk is on account of cases pending before court-appointed committees.

It currently has 4.3% stake in the food delivery platform.

Sensex ended nearly unchanged, while Nifty 50 gained 31 points amid volatile trading. Energy stocks rose due to a windfall tax cut on crude, but financials saw profit booking. Key gainers included Hindalco and BPCL, while M&M and Bajaj Auto declined. Newly listed Ola Electric Mobility surged by 10%.

Whether it is power, infrastructure, railways, the list of sectors which are witnessing a “second innings” in terms of them making a comeback on fundamental operating parameters is getting longer. While some get into headlines because of their sheer size. There are some sectors like paper where there has been a turnaround after decades of headwinds. Probably it is a more sustainable turnaround because it has taken place through Darwin theory, which is the survival of the fittest player. How do they do it ? Either by changing the way they operate in terms of management ability, by adding new products or any others. From being troublemakers to the banking system to announcing expansion in new products. There are many things which have gone into making the paper companies a much stronger and better place than what they were a couple of years ago. Street is showing signs of shedding the bias against them, with a few stocks attracting institutional investors in the last few quarters. Probably these are the set of stocks which investors who have an appetite for logical risk.

The Brazilian Health Regulatory Agency (Anvisa) recently inspected Caplin Steriles' injectable and ophthalmic manufacturing facility in Gummidipoondi from August 12 to 16. The inspection concluded successfully with zero observations.

Zerodha's Nithin Kamath argued against ULIPs, highlighting their high commissions and limited insurance coverage. He recommended investing in direct mutual funds and purchasing term insurance instead. Kamath pointed out the increasing trend of mutual funds among retail investors, noting significant contributions to market capitalization in recent years.

The Brazilian Health Regulatory Agency (Anvisa) recently inspected Caplin Steriles' injectable and ophthalmic manufacturing facility in Gummidipoondi from August 12 to 16. The inspection concluded successfully with zero observations.

The film "Stree 2," starring Shraddha Kapoor and Rajkummar Rao, has achieved impressive box office success, surpassing the Rs 200 crore mark in collections. Maddock Films, the production house behind the movie, reported that the total net collection has reached Rs 204 crore as of August 18. The film's gross box office collection (GBO) stands at Rs 283 crore, with Rs 240 crore from the Indian market and Rs 43 crore from overseas.