Japan's Nikkei closes lower as tech shares drag; value stocks up - 5 months ago
Japan's Nikkei share average closed slightly lower on Friday due to losses in technology shares, offsetting gains in value stocks amidst a weak yen and higher yields.
Economic Times

Microcap stock rallies 15% after announcing plans of bonus, dividend, stock split - 5 months ago
Shares of Milkfood surged 15% to Rs 781 on BSE after announcing plans for bonus issue, dividend, and share sub-division in board meeting on June 25.
Economic Times

RailTel, IRCTC among railway stocks rallying up to 9%. What’s the trigger?Titagarh Rail Systems Share Price - 5 months ago
Railway stocks like RailTel, IRFC, RVNL, Ircon International, and Titagarh Rail Systems surged up to 9% on BSE today amid positive news flow.
Economic Times

JM Financial shares fall 5% on SEBI ban from managing debt public issuesJM Financial Share Price - 5 months ago
Shares of JM Financial declined by 5% to Rs 83 during Friday's intraday trading on the BSE. This drop followed a decision by the markets regulator SEBI on Thursday, confirming interim measures to prohibit the company from serving as a lead manager for public issues of debt securities until March 31, 2025.
Economic Times

MapMyIndia shares rally 37% in 2 days. Here's why Goldman recommended this stockC.E. Info Systems Share Price - 5 months ago
CE Info Systems shares surged 37% on BSE in response to a 'buy' rating from Goldman Sachs, targeting Rs 2,800.
Economic Times

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signalsWipro Share Price - 5 months ago
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
Economic Times

Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus - 5 months ago
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Economic Times

Hot Stocks: Brokerages on Polycab, Endurance Tech, Bikaji Foods and AstralPolycab India Share Price - 5 months ago
nvestec maintained a buy rating on Astral with a TP of Rs 2,370. The brokerage expects imposition of anti-dumping duty on PVC pre-September. Potential levy of anti-dumping duties on CPVC resin/compound in the $593-792/t range across countries.
Economic Times

​10 smallcap stocks delivered high dividend yields of up to 33% in last 12 months. Take a look​ - 5 months ago
The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price. According to an Axis Securities report, 10 small-cap stocks paid a dividend yield of up to 33% in the last 12 months. Here is the list:
Economic Times

Infosys, Indiamart Intermesh among 5 stocks with long buildup - 5 months ago
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Economic Times

Pakistan benchmark share index crosses 80,000 points, up 1.5% at record high - 5 months ago
Pakistan's benchmark share index surged 1.5% to a record high, surpassing 80,000 points for the first time in early trade on Friday, buoyed by optimism following the government's recent budget presentation.
Economic Times

Sebi orders Religare to apply for open offer before July 12Religare Enterprises Share Price - 5 months ago
Sebi directs Religare Enterprises to obtain approvals from all regulators by July 12 for Burman family's open offer to buy more shares. The regulator's order challenges Religare's management, led by Rashmi Saluja, who opposes the Burmans' bid to increase their stake in the company.
Economic Times

Stock Radar: Formation of flag pattern supports bullish outlook for Can Fin Homes; time to buy?Can Fin Homes Share Price - 5 months ago
Can Fin Homes Ltd remained range-bound in the last year, forming a Bullish Flag after a breakout from a Cup & Handle pattern in May 2023. Short to medium-term traders can consider buying the stock for a possible target above 1,000 once it closes above Rs 905.
Economic Times

Tech heavyweights drive Sensex over 150 points higher, Nifty above 23,600Wipro Share Price - 5 months ago
Indian benchmark equity indices opened higher led by information technology stocks after U.S. IT firm Accenture forecasted annual revenue growth above expectations.
Economic Times

TRADERS’ CORNER: A radiator maker and metal major, both for swing trade of close to 6% - 5 months ago
A midcap from different sectors getting for a short term swing trade.
Economic Times

Rs 7 lakh crore profit in 10 days! Why PSU stocks are rallying like Modi managed '400 paar'State Bank of India Share Price - 5 months ago
Investors initially skeptical of PSU stocks after BJP's election setback on June 4 have seen a reversal. PSU stocks, down 16% post-election, now lead a bull run akin to Modi's '400 paar' ambition. Mazagon Dock's 48% rise drove the BSE PSU index cap up by Rs 7.24 lakh crore in 10 sessions. RCF surged 33%, Cochin Shipyard 24.5%, HUDCO and MMTC 23%, with HAL, BEL, and BHEL also gaining.
Economic Times

Asian shares end the week with a whimper, yen struggles - 5 months ago
Asian shares end week with profit-taking as U.S. dollar strength pressures yen towards intervention zone.
Economic Times

Wall Street bucks global rally as bond yields rise - 5 months ago
Wall Street's rally, driven by Nvidia and AI enthusiasm, saw record highs. European stocks were boosted by tech and real estate sectors. The STOXX 600 and FTSEurofirst 300 indexes rose, reflecting market optimism.
Economic Times

Nvidia’s $2.1-trillion gain in 2024 bigger than Sensex 30’s m-cap - 5 months ago
Nvidia’s m-cap exceeds the m-cap of countries like France, Canada, Germany, and Australia.
Economic Times

Nvidia loses top spot to Microsoft after 3% drop - 5 months ago
Nvidia's shares declined, losing its title as the world's most valuable company to Microsoft. Nvidia's market capitalization dropped by $91 billion to $3.34 trillion, while Microsoft's value also decreased to $3.30 trillion.
Economic Times

BPCL bonus issue: Last day to buy shares to qualify before record dateBharat Petroleum Corporation Share Price - 5 months ago
BPCL had announced June 22 as the record date for its 1:1 bonus share issuance. Friday is the last day to buy shares to qualify for receiving the company's bonus shares. The bonus shares are expected to be credited to shareholders' accounts by July 8, as per a previous filing with the stock exchanges.
Economic Times

Realty sector sees debt sanctions of Rs 9.63 lakh crore during 2018-23 - 5 months ago
Real estate sector witnessed debt sanctions of ₹9.63 lakh crore during 2018-23, with a potential of ₹14 lakh crore in the next three years, per JLL India and Propstack report.
Economic Times

Stanley Lifestyles high on luxury quotient, raises Rs 161 cr from anchors - 5 months ago
Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.
Economic Times

Wall Street’s $5.5 trillion triple-witching to test market calm - 5 months ago
This quarter’s expiration comes as implied volatility on S&P 500 options is holding near the lowest level since before the coronavirus pandemic, with the US benchmark index riding the surge in shares of Nvidia Corp. and other artificial intelligence-linked companies. The expiration coincides with index rebalancing, when S&P Dow Jones Indices shuffles company weightings and ETFs that track its gauges make similar adjustments.
Economic Times

Insurers asked not to advertise ULIPs as investment products - 5 months ago
IRDAI has directed insurers to refrain from promoting unit-linked and index-linked plans as investment products, issuing new guidelines for clear, accurate, and straightforward advertising of these products.
Economic Times

Foreign investors sell shares worth Rs 1,004 cr in PNB HousingPNB Housing Finance Share Price - 5 months ago
General Atlantic Singapore Fund Fii Pte and Asia Opportunities V (Mauritius) offloaded ₹1,004.29 crore worth of PNB Housing shares in a major transaction on the NSE. Selling 1.27 crore shares at ₹786 each, they reduced their holdings from 9.82% and 9.88% as of March 31. The buyers included Morgan Stanley Asia Singapore PTE and BNP Paribas Financial Markets, as PNB Housing shares closed lower by 5.43% at ₹794.4 amidst recent gains of 7.27% over the past month.
Economic Times

‘Mania’ could drive S&P to 6,000 before plunge, Stifel says - 5 months ago
Stifel, Nicolaus & Co. predicts a potential 10% rally for the S&P 500 Index this year, reaching 6,000 by 2024. However, Barry Bannister warns of a subsequent drop to 4,800 by mid-2026, erasing 20% of its value.
Economic Times

Stock Radar | Why Godrej Properties could hit fresh record highs in next few weeks: Kkunal V. Parar - 5 months ago
“On the daily chart, Godrej Properties stock has been consistently trading within a Broadening Rising Wedge formation for several days. Traders can buy for a target of Rs 3260-3580 in the next 1-2 months,” Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.
Economic Times

Stocks in news: YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of BarodaYES Bank Share Price - 5 months ago
Equity indices soar with YES Bank's fundraising. IndiGo partners with Garuda for pilot training. Olympus Capital Asia to sell 5% of Aster DM Healthcare. ONGC appoints Devendra Kumar as CFO. Bank of Baroda appoints Chayani Manoj sundar as CFO.
Economic Times

Stock Radar: Godrej Properties almost doubles in 1 year! Should you buy or book profits?Godrej Properties Share Price - 5 months ago
Godrej Properties stock soared over 97% in a year, reaching a new high of Rs 3,112 on June 19, 2024. This impressive momentum has been fuelled by a broadening Rising Wedge formation, a positive indicator for further gains. The broadening rising wedge is shaped like an expanding triangle, with two upward-sloping trendlines that diverge over time.
Economic Times

Sebi modifies duration for call auction in pre-open session for IPOs - 5 months ago
During the pre-open call auction for some IPOs and relisted stocks, unusually large orders were placed at inflated prices, only to be cancelled shortly before the session closed. This pattern suggests potential market manipulation. In order to curb the misuse of the call auction session, Sebi has decided to modify the current provisions related to call auction sessions for IPO and relisted scrips and introduce additional surveillance measures at stock exchanges.
Economic Times

S&P 500, Nasdaq scale record highs as Nvidia lengthens its lead - 5 months ago
Nvidia's surge propelled it past Microsoft to become the world's most valuable company, driving both the S&P 500 and Nasdaq to record highs. Shares of Dell and Super Micro rose 1.0% and 6.3%, respectively. At 11:59 a.m. ET, the Dow Jones Industrial Average was up 86.87 points, or 0.22%, at 38,921.73.
Economic Times

AIF & PMS Conclave 2.0: Sunil Singhania on 4 'Ds' that make India a better choice for equity investing - 5 months ago
In the post-pandemic era, while global discussions centered around recession and job losses, India stood out with its focus on growth. Highlighting India's democratic foundation as its core strength, the expert emphasized how the recent election results were accepted by all. This exemplifies the power and resilience of India's democratic system.
Economic Times

Sebi confirms interim direction; bans JM Financial from managing debt public issues till Mar 2025JM Financial Share Price - 5 months ago
​Markets regulator Sebi on Thursday confirmed the interim directions to bar JM Financial Ltd from acting as a lead manager for public issues of debt securities until March 31, 2025, in a case of alleged irregularities in a public issue of non-convertible debentures (NCDs).
Economic Times

Market Trading Guide: Indiabulls Real Estate, Chalet Hotels among 5 stock recommendations for Friday - 5 months ago
Benchmark equity indices Sensex and Nifty soared to new lifetime highs on Thursday, fuelled by intense buying in market heavyweights Reliance, ICICI Bank and HDFC Bank amid a recent surge in foreign capital inflows. Besides, stable global crude prices extended support to capital markets amid investors looking for fresh triggers, traders said.The 30-share BSE Sensex climbed 141 points to settle at a new closing peak of 77,479. The NSE Nifty rose 51 points to end at its fresh closing high of 23,567. "Nifty rose mildly after a volatile session. It formed another long-legged Doji forming a sideways pattern. Nifty could now stay in the 23,413-23,664 band for the near term," said Deepak Jasani, Head of Retail Research at HDFC Securities,
Economic Times

Nvidia rises 2.5% to hit another record, solidifies position as world's most valuable company - 5 months ago
Nvidia cemented its status as the world's most valuable company after the semiconductor bellwether's shares gained 2.5% to hit another record on Thursday, as partners Dell and Super Micro Computer received server orders for Elon Musk's AI startup.
Economic Times

Budget 2024: D-Street captains urge FM Sitharaman to hike STT charges on high frequency traders - 5 months ago
Every sale and purchase of equities listed on exchanges incurs a Securities Transaction Tax. The STT rate is 0.017% on options sales and 0.01% on futures sales. Additionally, a proposal to discourage retail investors from trading futures and options by imposing an additional tax was reportedly not discussed, according to ETNow sources.
Economic Times

Vedanta Group biggest wealth creator in FY25 so far; adds over Rs 2.2 lakh cr in market capVedanta Share Price - 5 months ago
Vedanta Group comprising, Vedanta Ltd and Hindustan Zinc Ltd, have generated the maximum wealth for investors on the Dalal Street in the current fiscal so far, with the combined market valuation of both firms surging by Rs 2.2 lakh crore.
Economic Times

Sebi orders Religare to seek regulatory approvals for Burman family open offerReligare Enterprises Share Price - 5 months ago
Markets watchdog Sebi has ordered non-banking financial company Religare Enterprises (REL) to seek statutory approvals from regulatory authorities for an open offer by Dabur India promoter Burman family before July 12.
Economic Times

Sebi comes out with addl surveillance mechanism for call auction in pre-open session for IPO - 5 months ago
The session will close randomly during the last ten minutes of order entry -- anytime between 35th and 45th minute of the order entry window. Such random closure will be system-driven, Sebi said in its circular.
Economic Times

Sebi issues guidelines for contribution to LPCC's core settlement guarantee fund - 5 months ago
LPCC is an entity established to undertake the activity of clearing and settlement of repo transactions. A well-functioning repo market contributes to the development of the debt securities market by way of boosting liquidity.
Economic Times

Technical Breakout Stocks: How to trade CE Info Systems, RCF and FACT on Friday - 5 months ago
The Indian stock market closed higher on Thursday supported by positive global cues. The S&P BSE Sensex closed in the green for the sixth day in a row. The S&P BSE Sensex rose over 140 points while Nifty50 closed above 23,550.
Economic Times

Private equity firm Olympus to sell upto 10% stake in Aster DM Healthcare on Friday - 5 months ago
Olympus Capital Asia Investments is set to trim its stake in Aster DM, with a base offering of 2.5 crore shares, representing 5% of the company. Olympus currently holds a 10.1% stake in Aster DM.
Economic Times

S&P 500, Nasdaq open higher on Nvidia boost - 5 months ago
The Dow Jones Industrial Average fell 30.13 points, or 0.08%, at the open to 38,804.73.
Economic Times

Go Digit stock likely to face pressure amid elevated combined ratioGo Digit General Insurance Share Price - 5 months ago
After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.
Economic Times

Tech View: Nifty giving non-directional moves. Here’s how to trade on FridayJM Financial Share Price - 5 months ago
According to experts, the short-term trend of Nifty remains positive despite high volatility. After surpassing the resistance level of 22,250, the index shows a probability of moving towards the next resistance at 23,200 in the near term. Immediate support is at 22,640
Economic Times

NSE launches Nifty India Tourism Index. Check top stock constituentsSafari Industries (India) Share Price - 5 months ago
NSE’s index services subsidiary, NSE Indices has launched a new thematic index called Nifty India Tourism which will track the performance of stocks in Nifty 500 index representing the travel and tourism theme.
Economic Times

NVIDIA's journey to becoming the world's most valuable company - 5 months ago
Nvidia, on June 18, became the most valuable company in the world. This comes after a remarkable rally in its shares, which highlights the role AI could play in the global economy. The semiconductor company has even surpassed Apple and Microsoft recently and now stands at $3.34 trillion in terms of market value. Nvidia has added over $2 trillion of that value in this year itself.
Economic Times

Bank of Baroda, Balrampur Chini Mills among 5 stocks with short covering - 5 months ago
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Bank of England keeps interest rate unchanged at 5.25% ahead of UK election - 5 months ago
The BoE's Monetary Policy Committee voted 7-2 to keep rates on hold, in line with economists' expectations in a Reuters poll. Deputy Governor Dave Ramsden and external MPC member Swati Dhingra remained the only policymakers to support a cut to 5%.
Economic Times