In an email to pilots sent on Thursday, Virendra Malhotra, vice president of flight operations at SpiceJet said the salaries, which have been "delayed...this month (June) beyond expectations" would be disbursed "shortly". ET has seen a copy of the letter.

The Jhunjhunwala family's wealth in listed firms, which surpassed ₹50,000 crore for the first time in the March quarter, declined by nearly 8% to ₹47,053 crore by the end of the June quarter. Stocks like Titan, Crisil, and Sun Pharma Advanced Research fell between 10% and 35% during this period.

Shares of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas will be in focus as the companies will announce their first quarter results today.

BoB and Canara Bank have increased their lending rates by 5 basis points on six-month and one-year tenures with effect from August 12. UCO Bank, too, has raised its lending rates by 5 bps, effective from August 10. One bps is 0.01 percentage point.

​​Conversely, in case of profit booking, the index might drop to levels around 23,700 or 23,400, say technical analysts. Stocks recommended by analysts for long positions include Alkem, Asian Paints, BPCL, Cipla, HDFC Bank, Hindustan Unilever, BSE, Oil India, and CEAT.

Independent directors at India's Nifty-50 companies saw their median compensation more than double over the last five years, with a significant jump to Rs 87.4 lakh in FY24. The rise has been driven by increased responsibilities and complexities in their roles, requiring substantial time commitment and effort. Companies have raised commissions to reflect these demands.

The resolution plan of Oberoi Constructions involves paying around Rs 273 crore to financial, operational, and other creditors. The company was admitted into the corporate insolvency resolution process (CIRP) in December 2021 with claims amounting to over Rs 748 crore.

The board is likely to meet over the next two weeks to decide on the payout, said one of the sources. Hindustan Zinc declined to comment. The special dividend, which translates into a payout of ₹14.2 per share for shareholders, will be in addition to the regular annual dividend.

Should that pricing hold through Tuesday's close, it would be roughly in line with the implied moves on August 23, when Chair Jerome Powell is expected to deliver remarks at the Jackson Hole economic symposium, and August 29, the day after Nvidia's earnings report.

IndusInd Bank's stock witnessed a decline of over 20% from January 2024 highs, closing at Rs 1,347 on August 8, 2024. Short-term traders are advised to sell with targets between Rs 1,300-1,280. Trading below key moving averages with negative RSI and MACD indicators, continuing weakness is predicted.

"The Hon’ble Supreme Court in its Order of January 3, 2024, noted that SEBI had completed twenty–two out of twenty–four investigations into the Adani group. Subsequently, one more investigation was completed in March 2024, and one remaining investigation is close to completion. During the ongoing investigation in this matter, more than 100 summons, around 1,100 letters and emails have been issued to seek information. Further, more than 100 communications have been made seeking assistance from domestic/foreign regulators and external agencies. Also, more than 300 documents containing around 12,000 pages have been examined."

With the volatility hitting the market it is human to face a situation where some or maybe even all of these questions may come to your mind. Should I buy the dip? Should I sell my stocks? Will the market fall further? Which stocks should I continue to hold? Which stock to buy today? To answer these questions, get advice from SEBI registered experts in a 3-hour StockTalk special. An ET prime member exclusive.

SEBI advised investors to remain calm amid the Hindenburg report controversy and assured that Chairperson Buch has adhered to disclosure norms to manage conflicts of interest. SEBI has completed 23 of 24 investigations into Adani group allegations, and dismissed claims that recent regulation changes favored Blackstone, emphasizing a formal, transparent approval process.

"In the context of allegations made by Hindenburg on 10th Aug 2024 against us, and in line with our commitment to complete transparency, we are issuing a detailed statement as below. There are certain allegations made against SEBI which would be addressed by the institution independently. We would like to address the issues pertaining to us in our personal capacity."

AMFI backed Sebi chief Madhabi Buch amid the Hindenburg controversy, describing the allegations as sensationalism and emphasizing India's financial system's security. It highlighted the market's credibility and the regulator's role in fostering growth in the mutual fund industry. Various market participants also supported Buch, calling the allegations unsubstantial.

Domestic benchmark equity indices ended higher on Friday, narrowing their weekly losses sparked by a brutal sell-off earlier this week, led by IT stocks. The S&P BSE Sensex closed 1.04% higher at 79,705.9, while the NSE Nifty50 index ended above the 24,350 level."On the daily charts, we can observe that the Nifty has witnessed a fall from 25,100 – 23,900 and is now in the process of retracing that fall. It can rally towards 24,520 – 24,651 where the 50% and 61.82% Fibonacci retracement levels of the fall are placed. The immediate support on the downside is placed at 24,200 – 24,150 where the 40-day average is placed," Jatin Gedia of Sharekhan said.Here are 6 stock recommendations for Monday:

Sebi Chairperson Madhabi Puri Buch clarified allegations from Hindenburg about investments in an Adani-linked offshore fund. Buch revealed that the investment was influenced by her husband's childhood friend Ahuja's previous role. She denied any Adani-related investments and provided details about their professional background and financial disclosures.

Aditya Birla Sun Life Mutual Fund celebrates its 30th anniversary, I reflect back to 2005, when I began my career managing the flagship fund, Aditya Birla Sun Life Frontline Equity Fund, for 19 of the fund's 22 years of existence. Since the fund's launch in November 2002, it has produced a CAGR of more than 19%.

Under scrutiny from whistleblower Hindenburg for her investment in an Adani-linked offshore fund, Sebi Chairperson Madhabi Puri Buch issued a detailed 15-point clarification on Sunday, explaining that the CIO of the IPE-Plus Fund is a childhood friend of her husband, Dhaval.

While a number of investors heard the term “ Yen carry trade” for the first time last Monday, the fact is that literally every sharp hit to the equity market or a real economic crisis which different markets have witnessed since 1990, Yen carry trade had played a role. Right from the Asian crisis of 1997-98, dot com bubble of 2000, 2015 Chinese stock market crash and even to brexit. You name it and at the back of it you will find a Yen carry trade. It is not that Yen is the villain, there is a simple economic logic to it. For more than 40 years, The Bank of Japan has been keeping its interest rate low, it is and probably in all conditions a kind of reservoir, where literally anyone could go and raise money at zero percent interest rate and use that to invest across the globe, make some returns and give the money back to Japan. But there are times, when things turn volatile and make the markets behave the way they did on Monday. It was not the first time that it happened, not the last time, it will reoccur.

Except for the last three years, private sector banks have been big wealth creators and probably a set of stocks where every foreign portfolio investor (FPI) had or has a stake in them. In the last three years they have underperformed and questions were raised about is the best behind them. Then come these words, focusing on higher deposit growth / Adjustment period / slow credit growth. Probably this is what the street knew for quite some time and wanted to hear it from the management so that it can reset its expectations. It was not only HDFC banks which have been underperforming for the last three years. If one looks at the other major private sector banks all of them are facing issues of different nature. Will others follow the same path so that expectations are reset. To some it might come as a surprise, but the relative performance of HDFC banks in the last two months has been much better.

360 ONE Asset Management stated that its IPE-Plus Fund 1 did not invest in Adani shares. Operating from 2013 to 2019, the fund focused on bonds and had minimal investor participation. Allegations from the Hindenburg report involving Sebi chief Madhabi Buch were refuted by both the Buch family and 360 ONE WAM.

"Throughout the fund's tenure, IPE-Plus Fund 1 made zero investments in any shares of the Adani Group either directly or indirectly through any fund," 360 ONE WAM said in a regulatory filing before stock exchanges.

Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy criticizing the report's lack of substance, the Opposition has seized the opportunity to demand a Joint Parliamentary Committee (JPC) inquiry.

Except for the last three years, private sector banks have been big wealth creators and probably a set of stocks where every foreign portfolio investor (FPI) had or has a stake in them. In the last three years they have underperformed and questions were raised about is the best behind them. Then come these words, focusing on higher deposit growth / Adjustment period / slow credit growth. Probably this is what the street knew for quite some time and wanted to hear it from the management so that it can reset its expectations. It was not only HDFC banks which have been underperforming for the last three years. If one looks at the other major private sector banks all of them are facing issues of different nature. Will others follow the same path so that expectations are reset. To some it might come as a surprise, but the relative performance of HDFC banks in the last two months has been much better.

Sensex and Nifty may see minor corrections due to new claims by Hindenburg against Sebi chief Madhabi Puri Buch's family in the Adani controversy. Market experts advised caution while awaiting more details. Both the Buch family and the Adani Group refuted the allegations, with the latter calling them a desperate attempt lacking substance.

Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:

A luggage maker, pipe maker and a furniture maker who supply a number of products to different state police. They cater to different needs but they have four things in common. Out of these four, three are common headwinds and one is tailwinds, which they have been able to build over the years. First the raw material is essentially the same and price fluctuates very sharply. Second, they all have faced and still face stiff Chinese competition. Third, they all have competition from unorganized space. Fourth, they all have strong brands. It is the strong brand which has helped them do what they have been able to do, that is deliver growth. Now they have reached a stage where headwinds will come down due to multiple reasons and the net impact on growth will become higher.

The Adani vs Hindenburg saga continued as Hindenburg accused Sebi chief Madhabi Puri Buch and her husband of having stakes in offshore entities linked to Adani. This came after Sebi issued a notice to Hindenburg for market regulation violations. Both Buch and Adani denied the allegations, with Adani regaining its market position.

The Adani Group issued a statement rejecting new claims involving Sebi chief Madhabi Puri Buch and her husband in the Hindenburg case. The group denied any commercial relationship with them and described the allegations as baseless, manipulative, and recycled. The Supreme Court had previously dismissed similar allegations in January 2024.

The Adani Group issued a statement rejecting new claims involving Sebi chief Madhabi Puri Buch and her husband in the Hindenburg case. The group denied any commercial relationship with them and described the allegations as baseless, manipulative, and recycled. The Supreme Court had previously dismissed similar allegations in January 2024.

The market valuation of Infosys dived Rs 20,973.19 crore to Rs 7,35,277.28 crore and that of Tata Consultancy Services (TCS) tumbled Rs 19,157.77 crore to Rs 15,30,469.11 crore.

​Going forward, if the market continues to rise, FPIs are likely to press more sales since Indian stock valuations continue to remain elevated, particularly in relation to valuations in other markets, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

In the week ending August 9, the Indian benchmark index Sensex declined by about 1.6%. Despite this downturn, five penny stocks saw their prices rise between 10% and 35%. Our selection criteria focused on stocks with a market capitalization below Rs 1000 crore, a share price under Rs 20, and a last trading volume exceeding 5 lakh shares.(Data Source: ACE Equity)

While there are no fresh allegations against the Adani Group, the shares of which recouped losses made in the aftermath of the Hindenburg crisis, the new report may impact investor sentiments.

Hindenburg has now targeted Sebi chief Madhabi Puri Buch and her husband Dhaval Buch in the Adani issue saying that the couple owned stakes in Mauritius and Bermuda-based offshore entities linked to Gautam Adani's brother Vinod Adani. "If Sebi really wanted to find the offshore fund holders, perhaps the Sebi chairperson could have started by looking in the mirror," Hindenburg said in its report.

"The current SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani," Hindenburg said in a report."​​

Due to a turbulence in the global markets, Indian markets experienced high volatility but still stand strong with some correction. Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Broking at Motilal Oswal talks about his take on the markets and how the domestic participants support the longer term bullishness in the Indian equities market.

The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list highlights the top ten Indian family-led enterprises, collectively valued at Rs 60,09,100 crore. These businesses, spanning various sectors, showcase the enduring strength and influence of family-run companies in the country. Watch!

he record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

However, buying of around $2.2 billion worth of equities by domestic institutional investors last week limited the downside on Dalal Street. Sensex ended 1.6% lower on a weekly basis as global markets recouped losses after ' Black Monday' sell-off.

While there are phases, where they come under pressure, the fact remains that the last ten years best returns have come from mid-cap stocks. So, probably if one is not owning then the return even in the longest of the bull run will not be very high. One of the reasons why mid-cap stocks are able to do well when an economy like India grows at a faster pace is that mid-sized companies are able to improve their operating matrix. Whether it is the cost of capital which comes down, new markets getting opened, it is mid sized companies operating in certain sectors which see faster growth. But the bigger question is which stocks to own, when to buy them and what should be the horizon for which they should be bought and last but not least there has to be one reason why one is buying that particular stock. It could be market size, company being the leader or even a company having a library which no one can replicate.

On two significant days, first the election results on June 4th and second, last Monday, when there was a sharp sell off in global markets, on both the days, while Nifty and broader market was under severe pressure, it was FMCG stocks, which were able register gains. Explanation was the same old, that money is moving to defensive stocks. While moving to defensive stocks trade which has been taking place for some time. But there is a fundamental question. Given the fact that the Indian economy has changed and new sectors have emerged, whose growth is better and also stable, should FMCG stocks be considered defensive stocks ? The reason why it is important to understand this is the fact that over the next few quarters volatility might be high and there will be phases where this defensive stock trade might come and one should be prepared for it. Also their numbers are clearly indicating that time to make a shift has come.

In the five trading sessions ending on August 9, the Sensex benchmark index fell by 1.58%, closing at 79,706, with declines occurring in three of those sessions. According to ETMarkets, six stocks with a market cap over Rs 1000 crore exhibited consistent price increases during this timeframe. (Data Source: ACE Equity)

he record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

On two significant days, first the election results on June 4th and second, last Monday, when there was a sharp sell off in global markets, on both the days, while Nifty and broader market was under severe pressure, it was FMCG stocks, which were able register gains. Explanation was the same old, that money is moving to defensive stocks. While moving to defensive stocks trade which has been taking place for some time. But there is a fundamental question. Given the fact that the Indian economy has changed and new sectors have emerged, whose growth is better and also stable, should FMCG stocks be considered defensive stocks ? The reason why it is important to understand this is the fact that over the next few quarters volatility might be high and there will be phases where this defensive stock trade might come and one should be prepared for it. Also their numbers are clearly indicating that time to make a shift has come.

Ace investor Charles Schwab says investors shouldn't limit investing to the financial world. "When a man has put a limit on what he will do, he has put a limit on what he can do," he wrote in one of his bestsellers on investing.

Companies in India are gearing up for an increase in share buybacks as the new tax rules on repurchases take effect on October 1 wherein the gains from buybacks will now be taxed in the hands of shareholders rather than the companies.

Short-term momentum-based PMS strategies were already disadvantaged due to their frequent churn, and the recent tax changes have only exacerbated this issue.

Hindenburg Research has hinted at another significant revelation related to India. On Saturday, Hindenburg posted on X, stating, "Something big soon India." Last year, on January 24, Hindenburg Research released a report criticizing the Adani Group just before Adani Enterprises' planned share sale. The report resulted in an $86 billion decline in Adani Group's market value and a significant sell-off of its overseas listed bonds.