Through the sale, the VC fund bagged about Rs 230 crore. As of September end, Fireside held 7.57% in the company. Meanwhile, Norges Bank on account of The Government Pension Fund Global has picked up 0.77% in Honasa Consumer, according to exchange data.

Kamath, however, said while they continuously put in a lot of effort to ensure all types of scenarios are factored in proactively, it is impossible for any technology platform to cover all edge cases.

The Dow Jones Industrial Average fell 68.79 points, or 0.19%, at the open, to 36,135.65.

Through the sale, the VC fund bagged about Rs 230 crore. As of September end, Fireside held 7.57% in the company. Meanwhile, Norges Bank on account of The Government Pension Fund Global has picked up 0.77% in Honasa Consumer, according to exchange data.

The Nifty SME EMERGE index launched in 2017, consisting of 166 companies from 19 sectors, has shown a CAGR of around 40% till November. This signifies a notable track record and the growing contribution of the SME sector in the overall economic growth of the country.

The world’s largest cryptocurrency, Bitcoin, has jumped more than 150% this year to outrun other investments like stocks and gold, and optimism for further gains is high. Recently, the oldest token rose above $42,000 for the first time in 19 months. The last time Bitcoin was at this level was in April last year — before the TerraUSD stablecoin collapse.So why has Bitcoin hit a 19-month high? Watch the video.

In April, the bank had received board approval to raise Rs 4,500 crore either through a QIP or rights issue or via additional Tier-1 bonds. The lender also received approval to issue Basel-III compliant Tier-2 bonds upto an amount of Rs.2,000 crore.

Bengaluru-based Stanley Lifestyles filed the DRHP for its IPO in September this year. The issue, with a face value of Rs 2, consists of a fresh equity of up to Rs 200 crore and an offer for sale (OFS) of up to 91.3 lakh shares by the promoter and shareholders.

This is the first tranche of the total planned fundraise of Rs 350 crore under UC Impower Fund, targeted at investing in financial services and climate solutions.

The huge opening upside gap of Monday and another opening upside gap of Tuesday remained open. As per the gap theory, the recent opening upside gaps could be considered as a bullish runaway gap, and this indicates that the Nifty50 is in the middle of a sharp uptrend, said technical research analyst at HDFC Securities.

Going by the draft papers, Inox India's IPO is entirely an Offer For Sale (OFS) of up to 2.21 crore shares by its existing shareholders and promoters.

Crypto prices turned bearish on Tuesday as investors booked profits from their bets on riskier assets following a strong rally over the past two days. At the time of writing, the leading crypto token Bitcoin was 0.4% higher at $41,683, while Ethereum was down 1.3% at $2,202. Here are the crypto tokens that saw action today:

Currently, SBI holds a 60% stake in SBI Pension Funds. The bank will acquire the 20% stake held by SBICAPS, its wholly-owned subsidiary. Besides SBI and SBICAPS, SBI Funds Management owns a 20% stake in SBI Pension Funds.

November has been a busy month for the primary market with 7 IPOs. The pipeline is still equally strong with six issues likely to be launched in December. Here's a look

From the Sensex pack, Power Grid and NTPC were the top gainers, rising over 4% each. SBI, ICICI Bank, M&M, Titan and Maruti also closed in the green. On the flip side, HUL, HCL Tech, Bajaj Finance, and Wipro closed in the red.

Nifty has had a ball over the last six trading sessions, remaining unbeaten and gaining over 4% in the rally. The stupendous show has taken Nifty's 2023 gains to 14.26%. On the back of this bull run, InCred Equities has identified eight largecap ideas with conviction with add and reduce recommendations. While six fall in the first category, and two in the latter. Take a look!

The Nifty 50 Net Total Return index aims to measure the performance of the Nifty 50 index considering that the cash dividends and the gains from bonus issues are reinvested in the Nifty 50 index after applying relevant withholding tax and capital gains tax respectively.

What could happen to the stock markets if Narendra Modi returns as a prime minister again? And what would happen if he doesn't? Well, as per global brokerage firm Morgan Stanley - if BJP comes into power after the Lok Sabha elections - Sensex could actually hit 74,000 by Dec 2024. That is a 14% upside potential. Quite a big number, right? Now this is only assuming that Narendra Modi becomes the PM again and that the current government continues to be the future government as well.

LIVE BLOGClosing Bell: Sensex ends at record high for 2nd day, climbs 431 points; Nifty tops 20,850; NDTV soars 17%, Power Grid 5%.

From the Sensex pack, Power Grid and NTPC were the top gainers, rising over 4% each. SBI, ICICI Bank, M&M, Titan and Maruti also closed in the green. On the flip side, HUL, HCL Tech, Bajaj Finance, and Wipro closed in the red.

What could happen to the stock markets if Narendra Modi returns as a prime minister again? And what would happen if he doesn't? Well, as per global brokerage firm Morgan Stanley - if BJP comes into power after the Lok Sabha elections - Sensex could actually hit 74,000 by Dec 2024. That is a 14% upside potential. Quite a big number, right? Now this is only assuming that Narendra Modi becomes the PM again and that the current government continues to be the future government as well.

With some strength in the US dollar coming back, there is global trade which is getting started, metal prices have come down and sectors, which benefit from weaker local currencies have seen a recent bump up. The question is whether the domestic IT companies, which have been witnessing a phase of underperformance, especially the largecaps, will have any recovery due to the rupee factor? Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

India's benchmark equity indices hit fresh record highs on Tuesday for a second straight session as domestic markets continued to be encouraged by state election wins for the current ruling party. Meanwhile, several smallcap stocks from the Nifty500 index outperformed their sectoral indices on a 1-week and 3-month basis as of December 4, according to StockEdge data. Here is a list:

Indian equity indices hit new fresh all-time highs on Tuesday, led by banking and financial stocks. Meanwhile, during this rally, 5 smallcap stocks from the Nifty500 index managed to hit new all-time highs. Here's a list:

The Nifty IT index fell nearly 1% to 32343.90 points, and the Nifty 50 was trading 0.5% up at 20786.05. The 50-stock index scaled a record high of 20849.60 points.

While one might be focussed what is happening in nifty and mid-cap space, if one looks at the recent performance of the large caps, there are a number of them which have done a catch up in just the last two weeks. When the valuation differential in mid and large caps stocks becomes extremely high, large caps tend to do well as mean reversion takes place. 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.

Adani is the second-richest Indian in the list and behind Mukesh Ambani, who has an estimated total net worth of $90.4 billion and is at the 13th spot. His net worth has grown by over $3.33 billion in 2023. The Adani group stocks have been on a roll following the Bharatiya Janata Party's (BJP) election victory in key state elections of Madhya Pradesh, Rajasthan, and Chhattisgarh.

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 Tuesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

One segment of the market which got another big push in the market after the election results have come has been the mid-cap segment. Both at the index land and breadth level mid-cap which were already out-performing got a push. While there is nothing wrong in being bullish given the fact that policy continuity is the next theme on the street. However, keep some check and balance while participating in this phase of the rally. The reason is the valuations are not cheap and any small profit booking correction may lead to sharp correction in individual stock prices. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The election results seem to have given Nifty an adrenaline shot. It kept moving up and ended the day with a gain.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Tuesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

Continuation of policies was the buzzword on the street on Monday. The reason was very simple, with strong wins in states, hope on the street is that election 2024 should see the continuation of the same government. which essentially means the sectors which have been in focus for the last nine years will continue to see positive policy push and stability. On top of the list is the infrastructure sector. Beside the steel and cement which are the biggest beneficiary of the infrastructure boom, it is construction and contracting companies which gain the maximum as infrastructure continues to get the push. ET screener powered by Refinitiv’s Stock Report Plus lists down infrastructure stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

The price action was supported by strong volume action as nearly 76 lakh shares traded on the NSE around 9:40 am. Brokerage house Jefferies has retained a buy rating on the stock for a target of Rs 530.

As for Sanghi Industries, around 13.35 core shares were transacted for Rs 121.90 per share. The details of the buyers and sellers in the block deals were not known at the time of filing the copy.

Following the news the shares of Ambuja Cements jumped 7% to the day's high of Rs 510.40 on the NSE while those of Sanghi Industries hit 5% upper circuit and traded at Rs 129.90.

In an interview with ETMarkets, Shridatta Bhandwaldar, head - equities, Canara Robeco MF shared his view on large, mid- and smallcap stocks performance in 2024, the trajectory for FII/DII inflows, the top sectors that the fund house is betting on, and the impact that general elections can have on India’s narrative.

ETMarkets spoke to Rahul Jain, President and Head, Nuvama Wealth on new investment trends, international diversification and new trends in the wealth management industry.

Adani Enterprises shares alone have gained about 18% in two sessions. The stock on Tuesday witnessed temporary trading halt after surging 10%.

Index heavyweights HDFC Bank and ICICI Bank opened over 1% each. Axis Bank, M&M, SBI, HUL and Nestle also opened with gains, while HCL Tech, Infosys, UltraTech Cement, and NTPC opened with cuts.

It rose from Rs 89.70 as on 31st October 2023 to Rs 111.25 recorded on 1st December 2023 which translates into an upside of 24% in a month. It has rallied more than 10% in a week.

Indian Energy Exchange’s daily trend is bullish to sideways. The RSI for monthly and weekly is showing sideways momentum, however, the RSI for daily is showing bullish momentum. Based on option chain analysis, the range is between 140 and 150. Let’s plan a trade around this.

Index heavyweights HDFC Bank and ICICI Bank opened over 1% each. Axis Bank, M&M, SBI, HUL and Nestle also opened with gains, while HCL Tech, Infosys, UltraTech Cement, and NTPC opened with cuts.

Sandhar Technologies is one of the leading automotive component and systems suppliers, and has given multibagger returns in 2023. New product launches, ramp-up of capacity, and higher realisations are likely to drive the company’s revenue growth going ahead, says Narendra Solanki of Anand Rathi Shares & Stocks.

Sandhar is one of the leading automotive component and systems suppliers engaged in the manufacturing of a diverse range of products, with primary focus on safety and security systems for automobiles across segments.

Besides giving double-digit returns consistently in December, there are a few interesting factors backing this optimism. Let’s delve a little more deeper into those factors.

The price action was supported by strong volume action as nearly 76 lakh shares traded on the NSE around 9:40 am. Brokerage house Jefferies has retained a buy rating on the stock for a target of Rs 530.

Index heavyweights HDFC Bank and ICICI Bank opened over 1% each. Axis Bank, M&M, SBI, HUL and Nestle also opened with gains, while HCL Tech, Infosys, UltraTech Cement, and NTPC opened with cuts.

Nomura maintained a neutral rating on HCL Technologies with a target price of Rs 1,200. After the divesture, HCL would lose $97 million or 80 bps of its current revenues. As a part of this divesture, HCL would receive $170 million + net book value on the date of closing.

Sensex hits fresh record high, surges over 200 pts; Nifty above 20,700; DCB Bank gains 4%, Cyient drops 3%; YES Bank, IOC, BHEL are some of the gainers in the morning trade.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on ICICI Bank and Kotak Mahindra Bank, while Nooresh Merani has a buy/sell recommendation on Federal Bank and Indusind Bank for today's trading session. Check out the targets and stoploss.