Indian market bounced back on Wednesday after 3-days of downtrend supported by positive cues. The S&P BSE Sensex rose nearly 900 points while the Nifty50 rose more than 300 points.

Despite recent volatility, the index has found support around 24,000 and its 50-day exponential moving average, leading to a relief rally. This suggests a potential short-term reversal, but confirmation will depend on further upward movement.

The Securities and Exchange Board of India (SEBI) on Tuesday proposed that offshore derivative instruments (ODIs) issued by offshore funds should be backed only by cash equity or debt positions and not derivatives.

The IPO of Brainbees Solutions, owner of FirstCry, saw only 17% subscription on day two. Retail investors subscribed at 71%, while institutional investors lagged. The price per share is set at Rs 440-465. With promising growth and market potential, analysts suggest a long-term investment. The company plans to expand its retail and international presence.

The IPO of Brainbees Solutions, owner of FirstCry, saw only 17% subscription on day two. Retail investors subscribed at 71%, while institutional investors lagged. The price per share is set at Rs 440-465. With promising growth and market potential, analysts suggest a long-term investment. The company plans to expand its retail and international presence.

“The Board of Directors of Godawari Power and Ispat Limited ("the Company") at its Meeting held today i.e. on August 07, 2024, has considered and Approved the proposal for sub-division of equity share of face value of Rs.5/-each of the Company into 5 (Five) equity shares of Re.I/- each, subject to approval of the Shareholders of the Company in ensuing Annual General Meeting,” said the company in a filing to the exchanges.

This recent change by the govt will probably give a lot of taxpayers a breather for sure and could be alleviating for many homeowners. As per recent reports, the Finance Minister will amend the LTCG rules proposed for real estate in the Budget.

“We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., August 07, 2024, have, inter alia, approved the Buy-back of up to 10,00,000 (Ten Lakhs Only) fully paid-up Equity Shares of face value of ~ 2/- each by the Company (representing 1.06% of the total number of Equity Shares of the Company) at a price of ~ 5,000/- (Rupees Five Thousand) per Equity Share payable in cash for a total consideration not exceeding ~. 500,00,00,000/- (Rupees Five Hundred Crores only),” said the company in its filing to the exchanges.

Revenue from operations stood at Rs 808 crore, down 17% YoY from Rs 976.44 crore reported in the corresponding quarter of the previous financial year. The overall revenue was down because of a decline in revenue of the company’s oil seed segment.

Whether a buyback is a good or bad move is debatable. To some it is an indication that the company is not planning to expand and hence where will future growth come from and hence it is using cash for buy back so it is not a good thing. To others it is a way that a company is giving a message that it feels that stock price is under priced and using the cash buy back is a good indication. Leave aside the debate, the fact is that in both cases, it is an indication that the company has cash. Let's look back at what has transpired in the sector and why it delivered stellar wealth creators and now why it has been lagging behind. What one company has done might shed some light on whether the challenges are finally taken care of.

Jindal Saw's board scheduled a meeting on August 14 to discuss a 2:1 stock split. Each Rs 2 face value share will be split into two Re 1 shares. This follows a previous split in December 2009 when shares were divided from Rs 10 to Rs 2. No further details have been released.

Asia’s richest billionaire, Mukesh Ambani, has chosen not to take a salary from Reliance Industries (RIL) for the fourth consecutive year. RIL’s latest annual report confirms that Ambani, as Chairman and Managing Director, has foregone his salary since the height of the Covid crisis in 2020.

Amid a recent stock selloff, analysts examined whether S&P 500 stocks were overvalued. Findings revealed that many companies trade below 18 times long-term earnings, yet significant players like Broadcom and Tesla remain overbought. Potential corrections could impact the market. Analysts are cautiously optimistic about long-term earnings despite current market skepticism.

Domestic equity indices Sensex and Nifty traded higher on Wednesday, driven by gains in banking and IT stocks, following a global trend as traders reassess fears of a US recession. Meanwhile, six large and midcap stocks from the Nifty200 index reached new 52-week highs during the trading session. Here's the list:

The financial community of Dalal Street keenly follows the investment pattern of prominent names. ETMarkets reviewed Dolly Khanna's portfolio for the June quarter and noticed that she held around 21 stocks, each with a stake greater than 1%. As of August 6, these holdings were valued at approximately Rs 606 crore. Most of these stocks have performed well in 2024, and we’ve highlighted 10 that saw gains ranging from 25% to 200% during this period. (Data Source: ACE Equity)

SoftBank Group revealed plans to repurchase $3.4 billion in shares, responding to investor calls to improve stock value. This move follows a narrower quarterly loss and aims to strengthen finances after challenges like the WeWork debacle. The repurchase will be up to 6.8% of its shares over the next year.

Indian markets are correcting in line with the global markets. How long this phase will continue is an open ended question because when will the US Fed act is something which is still not clear at this point. If one looks at the Indian market, just before this global issue came up they have been doing well, both in terms of the performance at the level of Nifty and broader market breadth which has not been that bad as it used to be in March when it was Indian specific correction. The way things are panning out even in this correction, the probability that Indian markets will be able to outperform global peers seems to be high at this point of time. So, in a way these corrections are opportunities for a medium to long term perspective but only if you buy stocks where they meet certain parameters, especially in small cap segments where risk and reward are of different nature.

Sebi evaluated diverse accounting standards and considered expanding mandatory sustainability reporting beyond the top 1,000 companies. The ICAI provided a comparative analysis of different reporting standards.

The IPO of Brainbees Solutions, owner of FirstCry, saw only 17% subscription on day two. Retail investors subscribed at 71%, while institutional investors lagged. The price per share is set at Rs 440-465. With promising growth and market potential, analysts suggest a long-term investment. The company plans to expand its retail and international presence.

Vedanta Share Price: Vedanta's shares increased by 3% following its report of a 37% year-on-year growth in consolidated net profit, reaching Rs 3,606 crore for the first quarter. Revenue from operations grew by 6%, and EBITDA jumped by 47%. Analysts offered mixed views on the stock, with Nuvama recommending a buy and Motilal Oswal remaining neutral.

PFC shares rose 6% to Rs 501.65 on BSE after posting a 20% increase in Q1 FY25 net profit to Rs 7,182 crore. Total income grew to Rs 24,736.68 crore. The board also approved an interim dividend of Rs 3.25 per share, with August 20 as the record date.

Despite a 15% year-on-year drop in Q1 net profit to Rs 8,938 crore, ONGC shares gained 8%, closing at Rs 329.50. Highlighting marginal falls in crude oil and gas production, brokerages gave mixed ratings, focusing on the potential of the KG basin and other assets. The company's performance outlook remains cautiously optimistic.

Discount broking platform Groww experienced a technical glitch this morning, disrupting users' ability to place orders and access Demat balances. The outage has caused widespread difficulties, leaving many unable to use essential services. Affected users took to platform X to express concerns, with one user asking, “@_groww unable to use my Demat Balance, what's wrong?”

Lupin's shares jumped 6% to a 52-week high after the company announced a 77.2% increase in net profit for the June quarter of FY25. The firm's net profit was Rs 801.3 crore, and revenue rose 16.3% to Rs 5,600.3 crore. Nomura maintained a 'Buy' rating, forecasting continued growth.

Suzlon Energy's shares increased by 5% following the board's approval to acquire a 76% stake in Renom Energy Services for Rs 660 crore. The acquisition will be done in multiple stages. Renom Energy, established in 2015, manages wind and solar assets and will become a Suzlon subsidiary after the acquisition.

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

Vedanta's shares increased by 3% following its report of a 37% year-on-year growth in consolidated net profit, reaching Rs 3,606 crore for the first quarter. Revenue from operations grew by 6%, and EBITDA jumped by 47%. Analysts offered mixed views on the stock, with Nuvama recommending a buy and Motilal Oswal remaining neutral.

Domestic brokerage firm Axis Securities is bullish on a few small and midcap stocks, which can rally up to 21%. The list includes Federal Bank, Aurobindo Pharma, Lupin, J Kumar Infraprojects, and CIE Automotive India. The brokerage believes that the Indian economy stands at a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy.Here's a list of 7 small & midcap stocks that can rally up to 21%, according to Axis Securities:

Indian benchmark indices Sensex and Nifty opened over 1% higher, fueled by gains in banking and IT stocks. This rise follows positive global trends and easing U.S. recession fears. Key contributors included Infosys and HDFC Bank. Additionally, domestic buying and a dip in oil prices boosted market sentiment. The Bank of Japan's stability assurance also played a role.

NTPC Ltd experienced a remarkable 90% increase in stock value over the past year. The stock reached a record high of Rs 426 on August 2, 2024, and experts suggest it could rise further to Rs 490. The company's stock trend remains bullish, supported by strong investor interest and trading patterns.

Buying action surged across nearly all real estate stocks, with the Nifty Realty index climbing approximately 1.5%, driven by gains in DLF, Macrotech, Oberoi Realty, Prestige, and Godrej Properties.

Indian indices Sensex and Nifty rose over 1% on Wednesday, driven by gains in banking and IT stocks. Market capitalisation increased by Rs 4.53 lakh crore, reaching Rs 444.12 lakh crore. Infosys, HDFC Bank, ICICI Bank, and Reliance Industries were major contributors to this upward movement.

FIIs sold financial and power stocks worth Rs 11,444 crore in July, redirecting funds to IT, metals, auto, healthcare, and capital goods. Financial services experienced significant sell-offs due to various challenges. Conversely, IT companies reported positive growth, resulting in FIIs increasing their investments in the sector.

Indian indices Sensex and Nifty rose over 1% on Wednesday, driven by gains in banking and IT stocks. Market capitalisation increased by Rs 4.53 lakh crore, reaching Rs 444.12 lakh crore. Infosys, HDFC Bank, ICICI Bank, and Reliance Industries were major contributors to this upward movement.

Indian indices Sensex and Nifty rose over 1% on Wednesday, driven by gains in banking and IT stocks. Market capitalisation increased by Rs 4.53 lakh crore, reaching Rs 444.12 lakh crore. Infosys, HDFC Bank, ICICI Bank, and Reliance Industries were major contributors to this upward movement.

Axis Capital maintained an Add rating on Tata Power and raised the target price to Rs 500 from Rs 358. Investec also increased its target price to Rs 467 from Rs 412, maintaining a Hold rating. Tata Power, benefiting from strong management and a potential discom privatization push, aims to add 5.3 GW of RES and execute 3 GW of EPC projects.

RITES declared a dividend payment of Rs 2.5 per share, fixing August 8 as the record date to determine eligible shareholders. Shares needed to be owned by today to qualify. Ecoplast Ltd and Selmatic India also set August 8 as the record date for their final dividends of Rs 3 and Rs 1.10 per share, respectively.

RITES declared a dividend payment of Rs 2.5 per share, fixing August 8 as the record date to determine eligible shareholders. Shares needed to be owned by today to qualify. Ecoplast Ltd and Selmatic India also set August 8 as the record date for their final dividends of Rs 3 and Rs 1.10 per share, respectively.

As the first quarter earnings season progressed, 158 companies, such as Pidilite, Godrej Consumer, NHPC, BSE, and ABFRL, announced their results. Godrej Consumer was projected to show a 46% increase in net profit but a slight dip in revenue. Kotak Securities highlighted growth in domestic volume and various categories.

The S&P 500 and Nasdaq rose by 1% as investors returned following a major sell-off. Strong comments from Federal Reserve officials alleviated recession concerns. Traders expect rate cuts in the next Fed meeting. Nvidia boosted indices, while Uber and Caterpillar reported positive earnings. The Nasdaq is up 9% in 2024.

On Tuesday, Sensex fell by 166 points and Nifty closed below 24,000 amidst market volatility. Stocks like Airtel, Marico, and KPR Mill showed varied performances. Analyst Viral Chheda provided strategic recommendations, suggesting waiting for dips before making new entries, with specific entry and stop-loss levels to maximize long-term gains. The analysis includes future performance forecasts.

BOJ Deputy Governor Shinichi Uchida clarified that the Bank of Japan would refrain from raising interest rates amid financial market volatility. The strengthening yen and market fluctuations globally play critical roles in the BOJ's policy decisions. Thus, current monetary easing will continue until stable economic and market conditions are restored.

The S&P 500 and Nasdaq rose by 1% as investors returned following a major sell-off. Strong comments from Federal Reserve officials alleviated recession concerns. Traders expect rate cuts in the next Fed meeting. Nvidia boosted indices, while Uber and Caterpillar reported positive earnings. The Nasdaq is up 9% in 2024.

Sebi proposed alterations to the regulatory framework for investment advisers and research analysts to reduce registration requirements and compliance costs. It also suggested relaxing eligibility criteria, including qualifications, and removing experience and net worth requirements. Sebi recommended maintaining a deposit for arbitration and conciliation purposes, aiming to address concerns about business continuity in the profession.

SEBI recommended stricter disclosure norms for offshore derivative instruments and foreign portfolio investors with segregated portfolios. The objective was to uphold concentration norms, requiring detailed disclosures for FPIs with significant assets in a single corporate group or large AUMs. In July 2024, 35 FPIs were identified with numerous segregated portfolios.

Indian consumer goods companies have operated in Bangladesh, Sri Lanka, and Nepal for years, generally facing little impact from local instability. Marico's stock dipped nearly 6% due to its substantial earnings from Bangladesh, where its subsidiary accounts for a significant portion of its overseas revenue. Other FMCG companies saw lesser impacts.

Shares of Indian textile and garment companies surged amidst political unrest in Bangladesh, raising hopes of potential benefits for India. Analysts remain cautious about short-term gains, highlighting uncertainties about India's production capacity and brands’ reaction. Textile stocks have shown strong returns this year, but current market gains could be short-lived.

Foreign investors have ramped up their investments in the Indian auto sector, buoyed by strong earnings and improved cost management. In July, the sector's weightage in FPI portfolios reached a peak of 8.10%. Projections estimate an earnings growth of 15-18% this fiscal year, enhancing the sector's appeal amidst higher overall market valuations.

JSW Steel sought ₹2,500 crore through SBI and ICICI Bank for capital expenditure. The company aimed to issue non-convertible debentures at an 8.5% interest rate. JSW intended to invest ₹20,000 crore in FY25 to enhance production capacity, targeting 50 million tonnes by FY31. Talks were reportedly in advanced stages.