US inflation cools in May, boosting hopes of Fed rate cut - 5 months ago
May's stable inflation, influenced by service costs and goods prices, sets the stage for potential Federal Reserve interest rate changes. The report highlights slight consumer spending growth and hints at the Fed's aim for a controlled economic slowdown through core inflation moderation.
Economic Times

Wall Street ends lower as investors digest inflation data, presidential debate - 5 months ago
Market dynamics were influenced by strategic acquisitions like Nokia's deal with Infinera, impacting trading volume. Sector performances varied, with energy and real estate sectors showing resilience, while utilities and communications services faced declines.
Economic Times

Nike stock plunges as gloomy sales forecast fans growth concerns - 5 months ago
Nike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. The company's strategic pivots towards sustainability and product revamps aim to counter market pressures, signaling a critical phase for Nike's future direction and management dynamics.
Economic Times

Hot Stocks: 3 stocks that may give returns between 15-31%Man Industries (India) Share Price - 5 months ago
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets.
Economic Times

Fidelity funds sell Rs 1,788-cr HCL Tech sharesHCL Technologies Share Price - 5 months ago
​​ICICI Prudential Mutual Fund was the single largest buyer at 1,001 crore, followed by Morgan Stanley Asia Singapore PTE and Citigroup Global Markets Mauritius fund. Shares of HCL Technologies closed 0.42% up on NSE at 1,461 Friday.
Economic Times

Neogen Chemicals promoter sells 12.56% stakeNeogen Chemicals Share Price - 5 months ago
Kanani sold 14.95 lakh shares at 1,611.14 each. Shares of Neogen Chemicals closed at 1,592.85 on Friday after a decline of 4.76%
Economic Times

Retail loans moderate for the 10th straight month - 5 months ago
The Reserve Bank of India reported that bank lending to the retail sector moderated for the tenth consecutive month in May, reaching 17.8% from 19.1% a year ago. Corporate loans grew faster at 8.9% compared to 6% in May 2023. Non-food bank credit saw a 16.2% growth in May 2024 compared to 15.5% a year ago.
Economic Times

Personal loans dearer post RBI risk nudgeKotak Mahindra Bank Share Price - 5 months ago
Banks adapt to RBI's risk weight changes by adjusting rates and enhancing capital adequacy. The pricing of new loans reflects increased risk, ensuring stability in unsecured lending. Tightened underwriting standards support sustained growth and portfolio quality, aligning with regulatory directives to manage loan risks effectively.
Economic Times

Sebi proposes mandatory disclosure of 'risk-adjusted return' by mutual funds - 5 months ago
Risk-adjusted return offers a comprehensive view of a mutual fund's performance by measuring the return earned per unit of risk taken. Currently, regulations do not require disclosure of RAR alongside standard returns for mutual funds.
Economic Times

Sebi cancels registration of LFS Broking, bans MD for 5 years - 5 months ago
Sebi observed the conduct of LFS Broking, where it allowed to use the registration certificates in collusion with Rahman, to deceive investors for the illegal mobilisation of funds. The markets watchdog holds that the brokerage firm is also not satisfying the criteria prescribed under the Intermediaries Regulations.
Economic Times

Sebi penalises Kwality's former MD, others for misrepresenting company's financials - 5 months ago
Fine totalling Rs 3.75 crore were slapped on former promoter and MD of dairy firm Kwality's Sanjay Dhingra and other entities for misrepresenting the financials of the company. Kwality went into insolvency process in December 2018 and was acquired by Sarda Mines through the liquidation process in 2022.
Economic Times

Nithin Kamath sees tough times for broking industry as regulator seeks to rein in options boom - 5 months ago
The Zerodha chief's remarks follow Sebi chair Madhabi Puri Buch's announcement that the regulator is aware of the highly speculative nature of options trading. Sebi plans to take action based on the recommendations of the working committee.
Economic Times

Maruti Suzuki among 5 auto stock picks from Motilal OswalSamvardhana Motherson International Share Price - 5 months ago
Motilal Oswal predicts subdued growth for the Indian auto sector in June, with declining retails across most segments due to factors like post-election consumer sentiment and heatwave impact. However, they remain optimistic about select OEMs like Maruti Suzuki and Ashok Leyland, and ancillary companies like Craftsman Automation, Happy Forgings, and Samvardhana Motherson International, advocating for micro-strategies to navigate the sector's challenges.
Economic Times

S&P 500 tops 5,500 after ‘near perfect’ economic data - 5 months ago
Excluding the volatile food and energy components, the core inflation figure rose by 0.1% month-on-month and 2.6% year-on-year. According to LSEG FedWatch data, the probability of a rate cut in September increased to 68% from 61% prior to the release of the data. Despite the Federal Reserve's projections of only one rate cut this year, traders are maintaining their bets on two cuts, hoping for a continued decline in inflation and considering the economy's vulnerability to historically high interest rates.
Economic Times

After a robust debut, Morgan Stanley picks up 3.7 lakh shares in Stanley Lifestyles for Rs 16.7 croreStanley Lifestyles Share Price - 5 months ago
The shares were acquired through a bulk deal at Rs 478.9 each. In the same transaction, Oman India Joint Investment Fund sold approximately 40.7 lakh shares, according to BSE data. Separately, on the NSE, Franklin Templeton Mutual Fund and Nippon India Mutual Fund purchased 11 lakh and 5 lakh shares in Stanley, respectively.
Economic Times

First day JPM flows not a deluge, but bankers confident of steady flow going ahead - 5 months ago
From Thursday to Friday, foreign portfolio investors (FPIs) increased their holdings in the index-eligible Fully Accessible Route (FAR) suite of government bonds by Rs 1,545.16 crore, bringing the total to Rs 1.86 lakh crore, according to data from the Clearing Corporation of India Ltd (CCIL) released at 6 pm. This increase left traders somewhat disappointed, as some market segments had anticipated a surge exceeding Rs 10,000 crore on Friday alone.
Economic Times

SAMHI Hotels block deals: Morgan Stanley, Abu Dhabi Investment Authority buy shares worth Rs 79 croreSamhi Hotels Share Price - 5 months ago
Morgan Stanley Asia Singapore Pte acquired around 31 lakh shares, while ADIA purchased 11.35 lakh shares. Together, their combined investment amounts to Rs 79 crore.
Economic Times

Extent and frequency of tariff revisions crucial for financial health of telcosMotilal Oswal Financial Services Share Price - 5 months ago
Following the increase in tariffs, the stock of Reliance Industries rose by 2.3% on Friday to close at Rs 3,131.9. On the other hand, stocks of Bharti Airtel and VIL were under pressure, falling by 1.8% to Rs 1,445.4 and by 3.4% to Rs 17.9 in that order amid profit booking after a recent surge in their prices.
Economic Times

Nike sinks over 18% as gloomy sales forecast fans growth concerns - 5 months ago
Nike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.
Economic Times

States plan to sell bonds worth Rs 2.64 lakh crore in Jul-Sep, says RBI - 5 months ago
Centre to issue T-bills worth Rs 2.60 lakh crore in Q2. In an indicative calendar released by the RBI on Friday, the central bank announced 13 sets of auctions in July-September through which states plan to sell bonds and raise funds.
Economic Times

Shares of Trump Media & Technology rise 5% following first presidential debate - 5 months ago
Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
Economic Times

Sebi tweaks rules for Basic Service Demat Account. Check eligibility, charges - 5 months ago
Sebi has introduced new rules for Basic Service Demat Accounts (BSDA). To be eligible, individuals must have only one demat account where they are the primary holder and only one BSDA across all depositories.
Economic Times

F&O Rollover: FIIs bullish on index in July series with net longs; what's in store for Nifty?UltraTech Cement Share Price - 5 months ago
Nifty futures rollovers hit 76% at June series end, exceeding the previous three-series average of 69%. The July series kicks off with a higher open interest base of Rs 36,400 crore. Roll cost for Nifty settled at 40 bps on expiry day, down from the previous day's 52-54 bps.
Economic Times

Nasdaq, S&P 500 open higher as cool inflation data lifts rate cut bets - 5 months ago
The Dow Jones Industrial Average fell 71.67 points, or 0.18%, at the open to 39,092.39.
Economic Times

Shares of Trump Media & Technology rise following first presidential debate - 5 months ago
Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
Economic Times

Warren Buffett donates record $5.3 bln Berkshire shares - 5 months ago
Warren Buffett is donating another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006.
Economic Times

Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week - 5 months ago
Nifty ended Friday’s session with a loss of 34 points and broke the four-day winning streak by forming a small-bodied red candle.
Economic Times

Nithin Kamath sees tough times for broking industry as regulators seek to rein in options boom - 5 months ago
The Zerodha chief's remarks follow Sebi chair Madhabi Puri Buch's announcement that the regulator is aware of the highly speculative nature of options trading. Sebi plans to take action based on the recommendations of the working committee.
Economic Times

Stanley Lifestyles shares jump nearly 30% in debut tradeStanley Lifestyles Share Price - 5 months ago
Shares of luxury furniture brand Stanley Lifestyles Ltd ended with a premium of nearly 30% on Friday, against the issue price of Rs 369. The stock started the trade at Rs 499, reflecting a jump of 35.23 per cent on the BSE.
Economic Times

Sensex & Nifty take a breather after record sprint, profit-booking in bank stocks spoils investors’ mood - 5 months ago
The S&P BSE Sensex and Nifty 50 both reached new record highs before retreating slightly. The Sensex ended the day at 79,033, down 0.27%, while the Nifty closed at 24,010.60, down 0.14%. The decline was led by the banking and financial services sectors, which fell up to 1%. However, healthcare and oil & gas sectors saw gains exceeding 1%.
Economic Times

UltraTech's India Cements stake buy a win-win for both. Here's what analyst said on industry consolidationUltraTech Cement Share Price - 5 months ago
​UltraTech Cement's Rs 1,885 crore stake purchase in India Cements is expected to be mutually beneficial for both companies and would consolidate its position in South India at a time when the Adani Group's acquisitive spree is intensifying competition between the two players.
Economic Times

Axis Securities initiates coverage on Inox Wind, sees upside potential of 30%Inox Wind Share Price - 5 months ago
​Domestic brokerage firm ICICI Securities initiated coverage on Inox Wind (IWL) with a target price of Rs 185 stating that the company is well-positioned to benefit from the tailwinds in the wind sector.
Economic Times

Being bullish & being cautious are not antonyms: 4 largecap stocks from different sectors with upside potential of up to 41% - 5 months ago
There are a number of times when one hears on the street, that indices and stocks have gone so high, how much higher it can go, so forget it. Essentially the underlying feeling is that just because the nifty and sensex has moved up now it will not move so let's not invest. That is probably the worst mistake one makes because at every level, this narrative comes. When nifty was 20,000 this argument could have been made, now at 24,000 also this argument can be made and when nifty is much higher, the same argument will be made. One needs to look at the broader picture, there is no reason why one should not be bullish about India, but that does mean one should not be cautious in terms of selecting the stocks. so , continue to be bullish, also be cautious and invest in a manner that short term profit booking moves don't make you anxious.
Economic Times

Moody's assigns Ba3 rating to Piramal Capital and Housing Finance, outlook Stable - 5 months ago
he rating agency said that Piramal Finance is driven by its high capitalization and an increasingly diversified portfolio mix, offset by its relatively low profitability, risks from its legacy real estate exposures and wholesale funding.
Economic Times

Coal India, South Indian Bank among 17 deep value stock ideas from ICICI SecuritiesSun TV Network Share Price - 5 months ago
​Domestic brokerage firm ICICI Securities has listed 17 stock ideas, categorizing them as deep value stocks, stating that the proportion of ‘investable value stocks within large-caps remained steady while the same has been diminishing to historical lows within mid and small-caps.
Economic Times

CDSL to consider bonus share issue on July 2, stock surges 16%Central Depository Services (India) Share Price - 5 months ago
The record date for CDSL's bonus is yet to be determined. Based on the available information, this will mark the first instance of the company issuing bonus shares to its shareholders.
Economic Times

Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some actionSagar Cements Share Price - 5 months ago
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
Economic Times

RIL market cap hits Rs 21 lakh crore milestone as target prices rise on Jio tariff hikesReliance Industries Share Price - 5 months ago
Reliance Industries shares hit record high after Jio's pricing move, driving positive outlook from global brokerages and potential sector re-rating.
Economic Times

Nephro Care IPO opens today: Check issue size, price band, GMP and other details - 5 months ago
Invest in the Nephro Care IPO in Kolkata to support healthcare initiatives and gain potential returns through shares.
Economic Times

Asian shares head for five-month winning streak; yen slides - 5 months ago
Asian stocks rise on Fed rate cut hopes and U.S. inflation worries. AI boom drives Wall Street to record highs. Yen hits 38-year low, impacting Japanese markets. Gold market pressured by strong dollar.
Economic Times

Shares of India Cements rally over 30% in one week as UltraTech deal impresses investorsUltraTech Cement Share Price - 5 months ago
India Cements' shares soared by 33% this week after UltraTech Cement acquired a 24% stake. The move pits UltraTech against competitors like Adani group in the quest for market share dominance, highlighting the ongoing consolidation in the cement industry.
Economic Times

Sebi permits up to 100% aggregate NRI corpus contribution for FPIs based out of GIFT IFSC - 5 months ago
Sebi allows up to 100% NRI, OCI, and RI contribution in FPIs at IFSC to boost Indian investment. Declarations and PAN card submissions are required, with provisions for contributors lacking PAN or taxable income. Existing FPIs must submit declarations within six months for renewal review.
Economic Times

Nephro Care opens today: Check issue size, price band, GMP and other details - 5 months ago
Invest in the Nephro Care IPO in Kolkata to support healthcare initiatives and gain potential returns through shares.
Economic Times

Has the global economic environment turned favourable for equities?Geojit Financial Services Share Price - 5 months ago
Global economy's resilience amidst crises led to surprising growth stability and inflation control. Potential trade war threats loom, while equity markets soar to record highs, indicating positive economic outlook.
Economic Times

Brokerages raise Reliance target price up to Rs 3,580 after Jio announces tariff hikesReliance Industries Share Price - 5 months ago
Jio's recent tariff hikes have garnered positive outlooks from global brokerages, with expectations of revenue growth and potential earnings boosts.
Economic Times

Consistent winners! 9 stocks gain at least 25% in last four quarters, turn multibaggersV2 Retail Share Price - 5 months ago
Indian equities soar to all-time highs with Nifty breaking above 24,000 levels, supported by the private banking sector. Sectors like IT and healthcare offer growth opportunities, making a stock-specific approach advisable amidst the current market conditions.
Economic Times

Allied Blenders and Distillers share allotment likely today. Here's how you can check status - 5 months ago
Visaman Global Sales IPO allotment finalized, Allied Blenders and Distillers focus on premium brands like ICONiQ White Whisky and Srishti Whisky.
Economic Times

Stock Radar: Page Industries back above 40,000; stock breaks out from 15-month consolidationPage Industries Share Price - 5 months ago
Page Industries Ltd breaks out from a consolidation phase, supported by key technical indicators, suggesting a bullish trend ahead with targets set at 43000-46000. Traders can consider accumulating the stock within a specified range for potential gains.
Economic Times

Stanley Lifestyles shares list at 35% premium over issue priceStanley Lifestyles Share Price - 5 months ago
Stanley Lifestyles' successful IPO debut and premium listing reflect its position as a leading luxury furniture brand. With strong financial backing and strategic partnerships, the company is poised for significant growth in the upscale furniture market.
Economic Times

Multibagger Debut! Medicamen Organics stock debuts with 305% premium on NSE SME platformKFIN Technologies Share Price - 5 months ago
Medicamen Organics, a pharmaceutical company, saw a successful listing on the NSE SME platform with a substantial premium. The company focuses on international markets, diverse pharmaceutical dosage forms, and global expansion strategies, reflecting its growth potential and market adaptability.
Economic Times