Sensex's 80K milestone a journey, not destination: Nilesh Shah of Kotak Securities - 5 months ago
Investors are advised to maintain asset allocation discipline and a long-term investment strategy to navigate market volatility effectively.
Economic Times

Grasim, Reliance among top 10 Nifty stocks trading at premium of over 30% - 5 months ago
The Nifty, after consolidating in May 2024, touched a fresh high of 24,174 before ending with over 6% MoM gains at 24,011 in June 2024. Notably, the index was extremely volatile and swung around 2,893 points before closing 1,480 points higher. In such a market, domestic brokerage firm Motilal Oswal has analyzed that nearly half of the Nifty constituents are trading at a premium to their historical average.Below is a list of top 10 Nifty50 stocks, as analyzed by Motilal Oswal, which are trading at a premium to their 10 year average:
Economic Times

Sebi notifies institutional mechanism for brokers to prevent mkt abuse - 5 months ago
Brokers must biannually report suspicious activities to stock exchanges. Sebi's amended PFUTP rules, effective from June 27, aim to prevent manipulative trade practices.
Economic Times

M&M, Power Grid, 11 more stocks outperform Sensex in its fastest 10,000 points marathonUltraTech Cement Share Price - 5 months ago
As a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.
Economic Times

Sensex hits 80K: Top 10 multibagger stocks in last 10,000-point journey - 5 months ago
Sensex rallied past the 80,000 mark on Wednesday for the first time. The index covered a 10,000-point journey in 139 trading days after achieving the 70,000 milestone on December 11, 2023.
Economic Times

Sensex hits 80K: Top 10 multi bagger stocks in last 10,000-point journey - 5 months ago
Sensex rallied past the 80,000 mark on Wednesday for the first time. The index covered a 10,000-point journey in 138 trading days after achieving the 70,000 milestone on December 11, 2023.
Economic Times

Pick the right momentum stocks using RMI and techno-funda ideas - 5 months ago
The online workshop, to be streamed on ET Markets Livestream, on July 13 from 11 am to 2:30 pm will have Srivastava explore 'Rohit Momentum Indicator' (RMI), a proprietary tool that provides early signals to help traders pick the right stocks as momentum begins.
Economic Times

Don't be afraid to be bullish, just a bit of hard work and a pinch of patience: 4 smallcap stocks for long term investors - 5 months ago
Given how nifty and sensex are moving and market breadth is panning out, it is very likely that we are soon going to enter a phase, where the desire to own small caps would come in the category of “highest”. Another side of the story, when that happens, what will get ignored is that “risks” are also at the highest when bulls are controlling the small cap segment. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the underlying business has good macro fundamentals. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Economic Times

Sensex@80,000: Fastest 10K-point rally in 139 days churns out 20 multibagger stocksTVS Holdings Share Price - 5 months ago
Sensex hit 80,000, its fastest 10,000-point rally from 70,000 in history. In 139 days, 20 BSE500 stocks became multibaggers. Sensex first hit 10,000 in Feb 2006, took 463 days for 20,000, and another 2,318 days for 30,000 in April 2017.
Economic Times

European shares rise after Powell's dovish comments; focus on elections - 5 months ago
​ European shares rose on Wednesday as investors welcomed dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to the second round of the French vote and a national election in the UK.
Economic Times

Sensex@80,000: Fastest 10K-point rally in 138 days churns out 20 multibagger stocksTVS Holdings Share Price - 5 months ago
Sensex hit 80,000, its fastest 10,000-point rally from 70,000 in history. In 138 days, 20 BSE500 stocks became multibaggers. Sensex first hit 10,000 in Feb 2006, took 463 days for 20,000, and another 2,318 days for 30,000 in April 2017.
Economic Times

Modern markets demand more than historic valuations. A new era emerges - 5 months ago
The Nifty trades at a high TTM PE of 23x, nearing historical highs. Mid-caps' 70% premium over large-caps is unprecedented. Despite disappointing recent events, fears of a looming market correction akin to past bubbles persist.
Economic Times

PFC, REC shares surge up to over 5% after Bernstein initiates coverageREC Share Price - 5 months ago
HDFC Bank shares surged 3% to a fresh high on an MSCI boost, targeting Rs 1,900. PFC and REC sustain above significant exponential moving averages on charts.
Economic Times

Federal Bank shares up 4% after deposits surge 20% YoYFederal Bank Share Price - 5 months ago
Federal Bank's stock skyrockets to an all-time high of Rs 183.25 in June 2024, driven by impressive growth in customer deposits, credit books, and CASA numbers. The bank's stock performance continues to soar, surpassing exponential moving averages, as per Trendlyne data.
Economic Times

China stocks fall on economic data; HK jumps - 5 months ago
Market turbulence as private-sector survey highlights new order concerns, influencing Hang Seng Tech Index performance.
Economic Times

SKF India, Tata Power among 5 stocks to trade ex-dividend tomorrowTata Power Company Share Price - 5 months ago
Investors rejoice as lucrative dividend opportunities await with Tide Water Oil Company (India) trading at around Rs 2,389.85 on BSE, declaring a generous dividend of Rs 20 per share for eligible shareholders on July 4.
Economic Times

Modern markets demand more than historic valuations: A new era emerges - 5 months ago
The Nifty trades at a high TTM PE of 23x, nearing historical highs. Mid-caps' 70% premium over large-caps is unprecedented. Despite disappointing recent events, fears of a looming market correction akin to past bubbles persist.
Economic Times

6 small & midcap ideas with upside potential of up to 18% from Axis Securities - 5 months ago
Domestic brokerage firm Axis Securities believes that the Indian economy is well-positioned for sustained growth, offering stability amid global volatility, driven by increased capex and improved credit growth in the banking sector.They have maintained a 24,600 target on Nifty for March 2025 as the brokerage firm displays confidence in the current macroeconomic cycle and the earnings growth.Citing the above, Axis Securities has listed the following small and mid cap stocks with an upside potential of up to 18% as their top picks:
Economic Times

Vraj Iron and Steel shares list at 16% premium over IPO priceHDFC Bank Share Price - 5 months ago
Vraj Iron and Steel's strong listing surge correlates with its exceptional 126.36 times subscription rate, reflecting robust investor confidence. Analysts highlight risks including regional facility concentration and absence of long-term customer contracts, advising cautious consideration amidst the company's promising outlook.
Economic Times

HDFC Bank shares jump 3% to fresh high, investors eye Rs 1,900-level on MSCI boostGeojit Financial Services Share Price - 5 months ago
HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.
Economic Times

Unstoppable bulls! HDFC Bank drives Sensex past 80,000 for the first time, Nifty hits record highHDFC Bank Share Price - 5 months ago
Indian market soared to all-time high with HDFC Bank surge propelling Sensex past 80,000 and Nifty nearing 24,300. Kotak Mahindra, JSW Steel, PFC, REC, Auto also showed significant gains in the bullish market.
Economic Times

Stock Radar: Cholamandalam Finance Holding hits fresh record high in July; time to buy or book profits?Cholamandalam Financial Holdings Share Price - 5 months ago
Cholamandalam Financial Holdings stock is poised for remarkable growth, breaking free from a volatility pattern to soar towards the 1700 target. Investor interest surges as bullish momentum indicators align, with a strategic stop loss at 1270 ensuring risk management. The stock's chart structure and ratio analysis against NIFTY only reinforce its upward trajectory.
Economic Times

Unstoppable bulls! HDFC Bank drives Sensex past 80,000 for the first time, Nifty hits lifetime highUltraTech Cement Share Price - 5 months ago
Indian market soared to all-time high with HDFC Bank surge propelling Sensex past 80,000 and Nifty nearing 24,300. Kotak Mahindra, JSW Steel, PFC, REC, Auto also showed significant gains in the bullish market.
Economic Times

Getting ready to end the 3-year exile: 5 stocks from diagnostics sector with upside potential of up to 53% - 5 months ago
There are some businesses, where only a black swan event leads to sharp growth in profit. Otherwise the underlying nature is such that they don't have any sudden spike in their profits. But there is constant growth. The constant growth could be because of many reasons. It may be because of the fact that penetration of that good or service is very low and over a period of time as it improves, both top and bottom line keep moving upward. It could be because of the movement of business from the unorganized sector to the organized sector. Or due the fact that the “need” of that good or service is such that spending on it cannot be postponed. In the case of diagnostic business, it is all the three, or rather four. The fact is that in 2020, a black swan took place which led to the sudden spike in FY 2021 numbers, but then back to normal growth curve. Now for three years, there has been a painful process of partial normalization of valuation and end of price wars. Has the time come for extreme long term investors to bring them back on watchlist ?
Economic Times

Hot stocks: Brokerage view on HDFC Bank, M&M Finance and Avenue SupermartsHDFC Bank Share Price - 5 months ago
Jefferies and UBS rate HDFC Bank as Buy. Jefferies also buys M&M Finance; Citi is neutral on M&M. UBS reiterates Buy on HDFC Bank. Citi rates Avenue Supermarts neutral; Morgan Stanley sees it overweight, with sell ratings from both firms.
Economic Times

IPO Analysis: Emcure has better-listed pharma alternatives - 5 months ago
Emcure Pharma, with its strong presence in gynaecology and HIV therapeutic areas, secured significant investments from anchor investors like HDFC Mutual Fund and ICICI Prudential Mutual Fund, showcasing immense market confidence in its upcoming IPO.
Economic Times

Big movers on D-Street: What investors should do with Kotak Bank, Solar Industries, and Max HealthSolar Industries India Share Price - 5 months ago
Equity indices Sensex and Nifty hit lifetime highs but closed flat amid profit-taking in the banking and telecom sectors. Solar Industries rose 8.23%, Kotak Bank fell 2.49%, and Max Health dropped 4.46% Wednesday.
Economic Times

IPO Analysis: Emcure Pharma has better-listed pharma alternatives - 5 months ago
Emcure Pharma, with its strong presence in gynaecology and HIV therapeutic areas, secured significant investments from anchor investors like HDFC Mutual Fund and ICICI Prudential Mutual Fund, showcasing immense market confidence in its upcoming IPO.
Economic Times

Hedge fund’s secret Adani short revealed in blow-by-blow account - 5 months ago
The short-selling scandal involving Hindenburg Research, Adani Group, and Sebi triggered regulatory scrutiny and a US Justice Department probe. The scandal emphasized the importance of market efficiency amidst fraud allegations and regulatory actions.
Economic Times

These 8 bank stocks can give 20-40% returns in 1 year, according to analysts - 5 months ago
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Economic Times

US stocks back at records while European bourses retreat - 5 months ago
Wall Street equity indices advanced to fresh records Tuesday as markets embraced commentary from Federal Reserve Chair Jerome Powell, while European bourses retreated on unease about upcoming French elections. But bourses in Paris and Frankfurt both retreated amid concerns about the potential economic fallout should the far right win power in France in weekend elections.
Economic Times

Sebi's levy order likely to erode Rs 2,000 crore from discount brokers' income, hit client baseMotilal Oswal Financial Services Share Price - 5 months ago
Several brokerage firms, including IIFL Securities and Motilal Oswal Financial Services, saw share declines of 3% to 7% due to the regulatory order affecting brokerages, potentially leading to adjustments in zero-payment plans or increased rates.
Economic Times

Sebi's levy order likely to erode Rs 2,000 crore income of discount brokerages, hit client baseMotilal Oswal Financial Services Share Price - 5 months ago
Several brokerage firms, including IIFL Securities and Motilal Oswal Financial Services, saw share declines of 3% to 7% due to the regulatory order affecting brokerages, potentially leading to adjustments in zero-payment plans or increased rates.
Economic Times

Adani saga heads for a messy closure - 5 months ago
The SEBI-Hindenburg clash escalates, questioning SEBI's actions and hindering the closure of the Adani controversy, showcasing the evolving dynamics in the financial market regulatory landscape.
Economic Times

Emcure has better listed pharma alternatives - 5 months ago
Emcure Pharma, with its strong presence in gynaecology and HIV therapeutic areas, secured significant investments from anchor investors like HDFC Mutual Fund and ICICI Prudential Mutual Fund, showcasing immense market confidence in its upcoming IPO.
Economic Times

Fee great leveller for discount brokeragesMotilal Oswal Financial Services Share Price - 5 months ago
Several brokerage firms, including IIFL Securities and Motilal Oswal Financial Services, saw share declines of 3% to 7% due to the regulatory order affecting brokerages, potentially leading to adjustments in zero-payment plans or increased rates.
Economic Times

Kotak Bank created fund used to bet against Adani: HindenburgKotak Mahindra Bank Share Price - 5 months ago
Kotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions were squared off.
Economic Times

FII stake in HDFC Bank falls below 55%, ADRs rally on likely inflowsHDFC Bank Share Price - 5 months ago
HDFC Bank's shares surged, attracting billions, with FIIs reducing stakes. Analysts predict a significant increase in the MSCI index weight, potentially doubling inflows. The bank's NSE shares closed higher, reflecting positive investor sentiment.
Economic Times

Allied Blenders shares list at 13.8% premium over offer price - 5 months ago
Allied Blenders and Distillers, after a successful IPO, intends to use ₹720 crore from the fresh issue to repay outstanding borrowings and for general corporate purposes. The company's strategic financial decisions align with its growth objectives and market positioning.
Economic Times

RBI issues draft norms to rationalise export-import transactions - 5 months ago
Banks under new regulations can flag exporters with outstanding amounts, ensuring timely realization of proceeds. Transparency and efficiency are prioritized in export-import transactions, benefiting businesses of all sizes.
Economic Times

GIFT Nifty jumps 90 points; here's the trading setup for today's sessionMotilal Oswal Financial Services Share Price - 5 months ago
Market anticipates Nifty consolidation post-profit booking. Brent crude, US WTI futures rise on strong fuel demand hopes. Currency markets stable as rupee weakens. FIIs cut net long positions, adding to market uncertainty.
Economic Times

Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan ZincYES Bank Share Price - 5 months ago
Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.
Economic Times

Asian stocks advance as S&P 500 closes above 5,500: Markets wrap - 5 months ago
Market euphoria as S&P 500 hits records, Calvasina bullish. Job openings up, Fed's easing stance challenged. Eyes on US payrolls data for June update.
Economic Times

Fresh twist: Hindenburg gets Sebi notice for ‘shorting Adani shares’ - 5 months ago
Hindenburg termed the Sebi’s notice, dated June 26, as “nonsense, concocted to serve a pre-ordained purpose, an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India”. Apart from the research firm, its founder Nathan Anderson, Mark E Kingdon, Kingdon Capital Management, Kingdon Offshore Master Fund and K- India Opportunities Fund (KIOF) - Class F, too, were served the notice.
Economic Times

Stock Radar: GHCL breaks out of Triangle Pattern, eyes fresh 52-week highGHCL Share Price - 5 months ago
GHCL, a small-cap chemical stock, hit a 52-week high in September 2023 but subsequently declined. After bottoming out in March 2024, the stock regained momentum but failed to sustain it. It witnessed resistance above 500 levels but found support above 50 and 100-DMA in May and June, respectively, on the daily charts. In terms of price action, the stock is now trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100, and 200-DMA — a positive sign for the bulls.
Economic Times

Tesla, megacaps drive S&P 500, Nasdaq up; Powell in focus - 5 months ago
Powell told a panel that recent economic data represented "significant progress," though noting the Fed needed to see more before changing policy. Meanwhile, Chicago Fed President Austan Goolsbee noted he sees some "warning signs" of economic weakness and that central bank's goal is to get inflation down without stressing the labor market.
Economic Times

Adi-Nadir group buys out 12.5% in Godrej Industries from Rishad NaorojiGodrej Properties Share Price - 5 months ago
The Godrej family announced a settlement—according to which the Adi-Nadir and Jamshyd-Smita families would buy out each other’s stakes for zero consideration in each other’s companies. While the Adi and Nadir Godrej faction now known as Godrej Industries Group (GIG) controls Godrej Industries , Godrej Properties and Godrej Consumer Products, the Jamshyd Godrej family now Godrej Enterprises Group (GEG) controls unlisted Godrej and Boyce Mfg .
Economic Times

Market Trading Guide: Jyothy Labs, Safari Industries among 4 stock recommendations for Wednesday - 5 months ago
D-Street benchmark indices Sensex and Nifty hit fresh lifetime high levels before closing flat due to profit-taking in select banking and telecom shares amid mixed global cues on Tuesday. The 30-share index declined 34.74 points or 0.04 per cent to settle at 79,441.45 in a volatile trade. The Nifty declined by 18.10 points or 0.07 per cent to 24,123.85. Analysts said investors are closely monitoring the progress of the monsoon, the forthcoming Union budget, alongside the US election, which can have potential global economic implications.
Economic Times