Shares of ZF Commercial Vehicle Control Systems fell by 8.2% on BSE after Wabco Asia sold a 7.6% stake worth Rs 2,287 crore via a block deal, with Citigroup as the banker.

The history of Family Offices dates back to ancient Rome, evolving into a modern-day necessity for managing wealth and ensuring smooth transitions across generations.

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

Shares of Gland pharma fell 3.7% as Shanghai-based Fosun Pharma offloaded a 6.2% stake in a block deal managed by UBS, decreasing its holding from 75% to 58.36%.

On Wednesday, telecom operator Bharti Airtel increased its stake in Indus Towers by 1% through purchases in large block deals from the open market. This move comes as Vodafone PLC sold off 19% of its equity in Indus Towers in significant transactions.

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 Wednesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

Zee Entertainment Enterprises' shares fell over 4% as CFO Rohit Kumar Gupta resigned. Mukund Galgali appointed as acting CFO. Recent top-level resignations include Animesh Kumar, Punit Misra, Rahul Johri, and Nitin Mittal.

All the old boys are back into momentum territory

Akme Fintrade's IPO, priced at Rs 114-120 per share, aims to raise Rs 132 crore through a fresh equity sale. Analysts caution investors due to risks, with Swastika Investmart assigning a neutral rating. Gretex Corporate Services is the booking running lead manager.

Deepak Nitrite Ltd, a specialty chemical stock, witnessed a swift 20% rally from the June low, making it a tactical buy at current levels. Short-term traders with high-risk profiles could look at buying the stock on dips for a target of 2,800-3,000 levels in the next few months, as suggested by experts.

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, seven PSU stocks paid a dividend yield of 4-5% in the last 12 months. Here is the list:

All the old boys are back into momentum territory

​​The term sheet issued on Tuesday stated that Vodafone PLC would sell a 9.94% stake in the tower company. The shares are expected to be sold in the price range of Rs 310 to 341, representing a discount of 9.9% to 0.8% from Tuesday’s closing price. At the upper end of this range, the deal is expected to raise Rs 16,528 crore, or $1.8 billion.

Nifty50 and Sensex reached new highs driven by banking and IT stocks amid expectations of a rate cut by the Federal Reserve.

Market data showed that 53.3 crore shares representing 19% equity of the company changed hands in large deals valued at around Rs 17,000 crore. Following the block deals, Indus Towers shares fell 6% to Rs 320.60, while Vodafone Idea stock was also trading 1.3% down at Rs 16.64.

PM Modi's prediction of a post-election Sensex rally of 5,222 points has come true, with both Sensex and Nifty hitting all-time highs. Investor wealth on BSE has surged by Rs 42.4 lakh crore.

Motilal Oswal initiated coverage on Senco Gold, Kalyan Jewellers, Apollo Hospitals, Crompton Greaves Consumer, and Havells India with buy ratings and revised target prices. UBS and Goldman Sachs also provided insights on the healthcare and consumer durables sectors, respectively, highlighting growth prospects and market trends.

Seven stocks, including Balrampur Chini Mills, GNFC, Hindustan Copper, India Cements, Piramal Enterprises, SAIL, and Sun TV Network, are under F&O trade ban. Nifty50 and Sensex closed at fresh record highs on Tuesday.

The primary price trend of Godawari Power has increased significantly by 157% YoY. The stock recently experienced a technical pullback from its shorter-term weekly moving averages, climbing 35% in under four weeks. Hence, the counter is now trading 14% higher than its mean, increasing the likelihood of profit-taking.

The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.

Asian shares rose to a three-week high driven by tech stock rally as the dollar struggled post soft U.S. retail sales data, hinting at potential Fed rate cuts.

Nvidia's market value soars with 1,100% share increase, fueled by AI fervor and rapid growth.

Private equity firm BPEA Credit closed the first round of its latest rupee fund, SSTIF-I, targeting ₹750 crore with a green shoe option. Kanchan Jain leads the fund with a unique yield profile for 10-12 investments in various sectors.

Ummeed Housing Finance raises ₹630 crore in Series F round from investors including A91 Partners LLP and existing investors. Funds to be used for expansion in central and southern India.

William Graif, a chess enthusiast, has competed in various countries and now focuses on teaching chess to children after participating in the World Corporate Chess Championship.

Nvidia's remarkable journey from its IPO to becoming the most valuable company is a testament to its strategic vision, innovative products, and adaptability in emerging markets like AI and data centers.

India's Nifty and Sensex hit fresh highs, with Sensex closing above 77,000 for the first time after a bullish wave since June 4 election results.

Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.

Shanghai-based Fosun Pharmaceutical Group, the promoter of Gland Pharma, plans to sell up to a 5% stake in the company through a block deal to raise ₹1,435 crore ($172 million). This follows a successful IPO in November 2020 and is managed by UBS, as per a BSE filing. The offer price of ₹1,750 per share represents a 4.

Domestic markets start positively with Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma in focus. ZEE appoints acting CFO. Tata Technologies partners with Microsoft. Wabco to sell ZF equity. Craftsman Automation launches QIP. Fosun Pharma reduces stake. Vedanta monetises steel business. Goldman Sachs sells One 97 shares; Vodafone sells Indus Towers shares; Generative AI hackathon.

Mid-cap and small-cap indices in 2024 have seen a remarkable surge, with 20 stocks driving 50% of each index's rally, as per reports. The top contributors include PSUs, financial services, and energy companies.

“IEX stock has been trading in a broader range i.e. 120-170 zone for over one and a half years while hovering around the major moving average i.e. 200 WEMA. And, it has ended the same of late, with a noticeable surge in volume. Traders can buy for a target of Rs 215 in the next 2-4 months,” says Ajit Mishra – SVP, Research, Religare Broking Ltd.

From Rs 144 on May 14 the IEX stock rose to Rs 170 on June 14 — an upside of over 24% in a month. The momentum fuelled a rally in the stock, which hit a fresh 52-week high of Rs 182 on June 14. After a prolonged consolidation of 2 years, it witnessed a time-wise and price-wise correction and eventually found support above 110 levels in June 2023. It quickly recouped losses and built on gains. Despite this, it failed to hold above the 170 level again in January 2024.

Data showed US retail sales rose 0.1% in May, against 0.3% increase expected by economists polled by Reuters. Markets marginally hiked bets on two interest rate cuts from the Fed this year following the data, according to LSEG's FedWatch, clashing with the most recent projections from policymakers showing they broadly expect just one interest rate cut this year.

This could become India's second-largest block deal, following the ITC transaction in March, where British American Tobacco Plc sold a 3.5% stake in ITC through an open market transaction for approximately Rs 17,485 crore. Buyers in the block deal will have a 90-day lock-in period. Morgan Stanley, Bank of America, BNP Paribas, and Jefferies are the placement agents for the transaction.

Benchmark equity indices stayed on the record-breaking run powered by a rally in index majors ICICI Bank, HDFC Bank and Infosys. In a range-bound session, Sensex and Nifty settled at their new closing all-time high levels amid intense demand for realty, consumer durable and utility stocks.Rising for the third straight session, the 30-share BSE Sensex climbed 308.37 points or 0.40% to settle at a new closing peak of 77,301.14. The NSE Nifty went up by 92.30 points or 0.39% to hit a record closing high of 23,557.90 for the fourth straight session. "The short-term trend of Nifty continues to be positive with range- bound action. Having sustained above the hurdle of 23,515 levels (1.382% Fibonacci extension), one may expect Nifty to move towards the next resistance of 1.786% Fib extension at 23950 levels in the near term. Immediate support is placed at 23450," said Nagaraj Shetti of HDFC Securities.Here are 5 stock recommendations for Wednesday:

"The appropriate approach to monetary policy continues to require patience, providing time for a methodical and holistic assessment of the evolving constellation of available data," Collins said.

In a note released on Tuesday, the brokerage predicted MSCI inflows of approximately $70 million, affecting 16 million shares in a single day. Additionally, FTSE inflows are expected to be around $36 million, impacting 8.6 million shares over half a day.

As per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment platform. Paytm shares on Tuesday settled in the red, breaking their two-sessions winning streak.

Fosun will sell the shares at Rs 1750 per share which is 4.9% discount to the last traded price of Rs 1839.65. Fosun currently has a 57.86 percent shareholding in Gland Pharma.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a long unwinding. Here's the list:

Over the past year, several small-cap stocks have seen remarkable growth. During this time, the benchmark Sensex index rose by about 22%, while the BSE SmallCap index soared around 60%. To offer more confidence in small-cap stocks, ETMarkets identified 14 small-cap stocks held by over 100 mutual fund schemes. Notably, five of these stocks have surged over 100% in the past year. (Data Source: ACE Equity, ACE MF)

The Indian market hit a fresh record high on Tuesday, tracking positive domestic cues. The S&P BSE Sensex rose over 300 points to hit a fresh record high of 77,366 while the Nifty50 rose 92 points and hit a record high of 23,579.

What's the deal with Paytm and Zomato? What's happening with their shares, and how will it affect both companies? Let's take a look at all that in today's ET Markets Decoder. Watch!

The Dow Jones Industrial Average rose 1.02 points at the open to 38,779.12.

As it has sustained above the hurdle of 23,515 levels, it is expected that Nifty would move towards the next resistance of 1.786% Fib extension at 23,950 levels in the near term. The immediate support is placed at 23,450.

​​The deal is valued at up to $ 1.09 billion, according to the term sheet.

​The domestic brokerage firm also stated that the bank managements are already adopting various means including driving staff KRAs and incentivizing employees towards higher deposit augmentation and the recent branch expansion of most banks in semi-urban/rural areas will drive the CASA deposits momentum