The purchase will be made by Bharti Global, which is the international arm of Bharti Enterprises, through Bharti Televentures. As per the terms of the deal, Bharti Televentures has acquired a 9.99% stake in BT Group's issued capital via open market trade. It will buy the remaining 14.51% after getting regulatory clearances. Mittal expects the deal to close in the coming months.

Within just the three weeks since the budget announcement on July 23, 15 companies have already announced buybacks, compared with 18 that did so between January 1 and July 23.

Oil remained near the $80 level it hit on Monday, as the US sees an Iranian attack against Israel as increasingly likely. Israel’s sovereign debt was cut by one notch by Fitch Ratings, which kept a negative outlook on the credit as continued military conflict weighs on the country’s public finances.

The lender has retained the future AUM growth guidance at 22-25% amid various growth levers including higher in-house sourcing of customers, deeper penetration in existing markets while increasing presence in new territories and focus on digital platforms while serving customers.

The stock closed at ₹819.5 on Monday, down 10.6% over the previous day. Sun TV's consolidated profit for April-June fell 5.5% to ₹560 crore from the same period a year ago. Revenue from operations declined 2.7% to ₹1,312.4 crore during the quarter..

RBI on Monday said that public deposits accepting HFC can renew deposits after 12 months or more but not later than sixty months. It has allowed existing deposits with maturities above sixty months shall be repaid as per their existing repayment profile.

In July, India's life insurance industry saw a 16.9% year-on-year growth in annualised premium equivalent (APE), largely driven by private insurers, who posted an 18% increase. LIC saw a 13.5% rise in APE. Total premiums collected in July reached ₹31,822 crore, a 14% year-on-year increase.

Mid caps are getting momentum back, creating short term trading opportunity. An auto-ancillary stock, which has underperformed this year, is poised for a breakout, potentially boosting its price significantly. Meanwhile, a mid-cap telecom equipment stock has broken resistance and could rise 7%, making current levels attractive.

​​The investment, amounting to US$ 120 million, will be executed through JSW Steel's wholly owned subsidiary, JSW Steel (Netherlands) B.V., by subscribing to non-voting Class B shares.

Rana Ashutosh Kumar Singh has assumed the role of Managing Director in charge of Risk Compliance and the Stressed Assets Resolution Group at State Bank of India (SBI), following government approval last week. Gajendra Singh Rana, previously the chief general manager of the Mumbai circle, has been appointed as Deputy Managing Director for retail and real estate. Singh's new role includes overseeing departments previously managed by former MD Alok Choudhary. The recent changes come ahead of CS Setty's appointment as SBI chairman, succeeding Dinesh Khara, whose term ends on August 28.

The board of directors, at its meeting held on August 7, 2024, had proposed to seek an approval from the members to raise or borrow funds by way of issuance of unsecured non-convertible debentures, bonds or other instruments, listed or unlisted, on private placement basis for an amount not exceeding Rs 3,000 crore, Godrej Industries said in a postal ballot notice shared on the BSE.

Hindenburg Research alleged that Madhabi Puri Buch and her husband had stakes in an obscure offshore fund, IPE Plus, that had been part of a complex, nested structure used by Vinod Adani, brother of billionaire Gautam Adani.

After the initial drop on Monday, some Adani stocks recovered later in the day. Adani Wilmar, Adani Total Gas, and Adani Energy Solutions ended about 4% lower, while NDTV, Sanghi Industries, and Adani Port fell between 2% and 3%.

Laurus Labs Ltd stock dropped by over 10% from its peak in July 2024 but found support above the 200-day EMA. Experts predicted a potential rebound to 445-470 levels in 3-4 weeks. The stock exhibited bullish reversal signals, including a Bullish Harami candlestick pattern and strong 200-day moving average support.

Wall Street opened higher on Monday as indexes add to their recovery from a hammering early last week, with investors gearing up for a deluge of data including U.S. consumer prices.

Indian blue-chip indices recovered most early losses to close marginally lower on Monday, supported by gains in bank stocks. The S&P BSE Sensex closed 0.07% lower at 79,548, while the NSE Nifty50 index ended below the 24,350 level."The near-term uptrend status of Nifty remains intact and the short-term trend is choppy. A decisive upmove only above 24400-24500 could bring bulls back into the market. Immediate supports to be watched around 24100 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:

Wall Street opened higher on Monday as indexes add to their recovery from a hammering early last week, with investors gearing up for a deluge of data including U.S. consumer prices.

In the ongoing Hindenburg vs Adani (and now Sebi) controversy, Hindenburg's latest report features a lengthy disclaimer suggesting the whistle-blower may be betting on Adani stocks falling again. Let's break down the Hindenburg’s disclaimer in 4 points.

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

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 Monday's trading session, five stocks witnessed a long unwinding. Here's the list:

Indian market closed flat on Monday with a negative bias tracking weak domestic cues.

Nifty closed 20.5 points lower on Monday, forming a Doji candle and signaling indecision. Analysts identified key support at 24,150-24,240 and resistance at 24,350-24,550, advising a buy-on-dips approach. Market sentiment was noted as sideways to weak, with close attention on potential breakouts or breakdowns for further direction.

Shares of Inox Wind zoomed to lock at an upper circuit of 20% to its fresh all-time high of Rs 209 after the company posted a profit of Rs 50 crore in the June quarter against a loss of Rs 65 crore in the corresponding quarter of the last year.

Stating that Adani Green Energy’s (AGEL) RE capacity would see >30% CAGR during FY24-30, domestic brokerage firm Emkay Global initiated coverage on the stock with a buy rating and a target price of Rs 2,550.

While it might not have made it to the headline, some management in their concalls after their Q1 results have given first indication that the pricing pressure from China has eased a bit. This is after a very bad year of FY24, where a number of them saw a degrowth. In the last five years many segments of the chemical and specialty chemical sector had been coming into focus. They stay in the limelight for some time, then as too much money chases them which makes their valuations move up sharply and then a long phase of consolidation. It is this long phase of consolidation that brings confusion because the portfolio under performs. But the structural changes which some of the companies are going through make them worth keeping them on watchlist.

The Indian REITs Association (IRA) has refuted the claims of US-based short seller Hindenburg that regulatory changes were made to favor a major financial conglomerate, and called them "misleading" and "baseless."

Hindenburg Research responded on Sunday to SEBI Chief Madhabi Puri Buch's weekend statement, which accused the short-seller of "character assassination." In a post on X, Hindenburg stated that Buch's response raises new critical questions and includes significant admissions.

Hindenburg Research is back in the news with a fresh set of allegations flying, though this time around, the Securities and Exchange Board of India (Sebi) and its Chief Madhabi Puri Buch are at the receiving end.

Markets regulator Sebi was the first to caution investors to read the disclaimer in the report, noting that Hindenburg Research may hold short positions in the securities discussed. While the Opposition has called for Sebi chief Madhabi Puri Buch's resignation, citing a "conflict of interest" in the Adani vs. Hindenburg investigation, investors have dismissed the whistle-blower's report as an "attack on India" due to its lack of substance.

The fund employs a bottom-up value investing strategy, targeting mispriced opportunities with a focus on capital protection, and is tailored for investors aiming for long-term capital appreciation over a period of 36 to 60 months.

Investor Vijay Kedia shared his view on the dispute between Hindenburg Research and SEBI chief Madhabi Puri Buch. Hindenburg claimed that Buchs held stakes in offshore funds tied to Adani Group.

Investors keep a close eye on the portfolios of major market players. ETMarkets has reviewed the investments of prominent investor Rekha Rakesh Jhunjhunwala. The latest data from the June '24 quarter reveals that Rekha Jhunjhunwala has publicly disclosed stakes in about 26 companies, with a total value of approximately Rs 43,561 crore as of August 9. These holdings include companies where her stake is over 1%. The data indicates that 13 of these 26 stocks have delivered returns of over 25% in CY24, with two of them becoming multibaggers. (Data Source: ACE Equity)

Air conditioning maker Voltas on Monday posted a 160% year-on-year (YoY) jump in consolidated net profit to Rs 335 crore for the June quarter of FY25. It had clocked Rs 129 crore profit in the year-ago period.

The IPO of Saraswati Saree Depot was fully subscribed within hours of its launch today, with a subscription rate of 2.46 times. Retail and non-institutional investors were the primary contributors, with the retail portion subscribed 3.34 times. The company fixed a price band of Rs 152-160 per share. Analysts advise high-risk investors to consider this IPO.

Long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Monday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Monday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Investors keep a close eye on the portfolios of major market players. ETMarkets has reviewed the investments of prominent investor Rekha Rakesh Jhunjhunwala. The latest data from the June '24 quarter reveals that Rekha Jhunjhunwala has publicly disclosed stakes in about 26 companies, with a total value of approximately Rs 43,561 crore as of August 9. These holdings include companies where her stake is over 1%. The data indicates that 13 of these 26 stocks have delivered returns of over 25% in CY24, with two of them becoming multibaggers. (Data Source: ACE Equity)

The inclusion is anticipated to generate passive inflows of $1,239 million, as estimated by JM Financial. In a note, the brokerage indicated the possibility of these 8 additions, based on late July prices, while estimating no exclusions in this reshuffle.

Shares of CE Info Systems-owned MapmyIndia on Monday surged 7% to its day’s high of Rs 2,380.35 after the company on Friday reported a 12% year-on-year (YoY) jump in its profit after tax (PAT) at Rs 35.9 crore for the June quarter.

A "small, hidden, and obscure" Mauritius-based investment vehicle, IPE Plus Fund, has become embroiled in allegations made by Hindenburg Research. The US-based short-seller, in its latest report, claimed that IPE Plus Fund was established by Ahuja through the wealth management firm India Infoline (IIFL). The report further alleged that the Sebi chief and her husband, Dhaval Buch, invested in this fund in June 2015, and that it was also utilized by Vinod Adani, the brother of billionaire Gautam Adani.

Bharat Dynamics’ Q1 profit after tax was Rs 7.21 crore, compared to Rs 41.81 crore in the same quarter last year. The PSU defense company’s revenue from operations in Q1FY25 dropped by 35.8% year-on-year to Rs 191.16 crore, down from Rs 297.72 crore. The company also reported an increased EBITDA loss of Rs 52.3 crore for the quarter ended June 2024, up from a loss of Rs 32.6 crore in the corresponding quarter of the previous financial year.

RVNL shares spiked 10% to Rs 569.6 after an 8.4% decline following its Q1 results, which reported a 35% drop in net profit and a 27% fall in revenue. Despite this, shares rebounded by 9.3% by 11:30 am. Technical indicators show mixed signals, with the stock trading above several SMAs.

In 1QFY25, the Nifty index showed a 16% earnings growth. Major contributors included HDFC Bank and Tata Motors, while BPCL and JSW Steel underperformed. Coal India and Adani Ports are expected to offer 13-20% returns over the next year, driven by strong operational growth and strategic positioning

LIC reported a consolidated net profit of Rs 10,544 crore for the first quarter ending June 2024, reflecting a 9% increase from Rs 9,635 crore in the same quarter last year. During the quarter, net premium income rose by 16% year-on-year to Rs 1.14 lakh crore, compared to Rs 98,755 crore in the corresponding period of the previous year

Suzlon Energy's stock dramatically surged by 100% in three months, achieving a 14-year high. Both foreign institutional investors and mutual funds increased their stakes in the company during the June quarter. Analysts recommend waiting for a price dip to Rs 50 before buying, anticipating potential consolidation due to the stock's current overbought status

Volatility is nothing new to markets, it keeps coming at regular intervals. It is important to understand the underlying reason for the volatility. Because the reason determines both the magnitude and time of volatility. Today, the volatility is due to one set of companies, nothing to do for any fundamental reason either macro or micro. So, rather than getting bothered about what is the narrative about Hindenburg and Adani, focus on fundamentals of individual stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

In the company's unitary cooling products segment, which includes the AC business, revenue surged by 51% year-on-year to Rs 3,802.17 crore for the quarter under review. Segment profitability increased by 58% year-on-year, reaching Rs 327.02 crore. As the country's largest AC brand, the company reported record sales of one million units last quarter, with an overall volume growth of 67% year-on-year.

It is proposed that a credit note equivalent to 40% of the scrap value of a ship being dismantled in an Indian breaking yard would be given to fleet owners, both Indian and global

Shares of Mamaearth parent Honasa Consumer fell over 6% to Rs 444 in Monday's BSE trade, despite reporting a 63% year-on-year (YoY) increase in consolidated net profit for the June quarter of FY25, rising to Rs 40 crore from Rs 24 crore the previous year

Ola Electric Share Price: Shares of the recently listed Ola Electric surged 20% today, hitting the upper circuit limit of Rs 109.41 on the BSE, on the second day following its debut on the stock exchanges.