Rate cut hopes, inclusion in JPM index fuel ‘FOMO’ trades in GSecsJana Small Finance Bank Share Price - 5 months ago
Indian sovereign debt players bond with bonds following Mint Road's move to decelerate rate-increase drive and JPMorgan's recognition. CCIL data shows a 40% increase in monthly trades, reaching ₹8.6 lakh crore in 2023.
Economic Times

Stock Radar | Time to buy? Balrampur Chini Mills breaks out from 6-month consolidation range: Shitij Gandhi - 5 months ago
“Balrampur Chini Mills stock showed a fresh breakout, gaining momentum above its prolonged consolidation phase and surpassing the key resistance level of 420. Traders can buy for a target of Rs 490 in the next 6-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

Stocks in news: Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCSZomato Share Price - 5 months ago
Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.
Economic Times

Stock Radar: Balrampur Chini breaks out from 6-month consolidation range; time to buy?SMC Global Securities Share Price - 5 months ago
Balrampur Chini Mills Ltd, a major player in the sugar industry, experienced a significant stock rally and breakout, supported by technical indicators. The stock's positive momentum suggests a potential upside towards 485-490 levels.
Economic Times

US stocks retreat with data, Fed comments in focus - 5 months ago
Wall Street's main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week for more clarity on monetary policy.
Economic Times

Jindal Stainless acquires remaining 46 pc stake in Chromeni Steels for Rs 278 crJindal Stainless Share Price - 5 months ago
​Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the company, with effect from June 15, 2024, Jindal Stainless Ltd (JSL) said in a release.
Economic Times

IIFL Finance subsidiary raises Rs 216 crore through public bond issueNuvama Wealth Management Share Price - 5 months ago
IIFL Finance's microfinance subsidiary IIFL Samasta Finance has garnered Rs 216 crore through its second public bond issue against a Rs 1,000-crore target despite higher interest rates, as investors were likely concerned over the regulatory scrutiny on IIFL Finance's gold loan business.
Economic Times

Inox Green Energy to raise upto Rs 1,000 crore through preferential allotment, warrantsInox Wind Share Price - 5 months ago
Inox Green Energy Services, which provides operation and maintenance (O&M) services to wind power operators, plans to raise Rs 800-1,000 crore through a combination of preferential allotment and warrant issuance to fund future acquisitions, according to multiple sources familiar with the matter.
Economic Times

US stocks open lower with data, Fed comments in focus - 5 months ago
U.S. stock indexes opened flat to lower, with the benchmark S&P 500 retreating from record highs as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week for more clarity on monetary policy.
Economic Times

Berkshire Hathaway sells $39.8 mln of shares in China's BYD - 5 months ago
Warren Buffett's Berkshire Hathaway has sold 1.3 million Hong Kong-listed shares of EV maker BYD for HK$310.5 million ($39.8 million), a stock exchange filing showed on Monday.
Economic Times

Technical Breakout Stocks: How to trade JK Paper, Endurance Technologies and KEC International on Tuesday?KEC International Share Price - 5 months ago
Indian markets closed higher with S&P BSE Sensex rising over 180 points and Nifty50 closing above 23,400 levels. Buying was observed in auto, telecom, consumer durable, and capital goods stocks. Stocks like JK Paper, Endurance Technologies, and KEC International showed significant movements, with JK Paper hitting a record high and KEC International breaking out of a rising parallel channel.
Economic Times

Market Trading Guide: HDFC Bank, Nykaa among 8 stock recommendations for Tuesday - 5 months ago
Indian shares logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks. The NSE Nifty 50 settled 0.29% higher at 24,465, while the S&P BSE Sensex added 0.24% to 76,993."Nifty continued to show range-bound action within 23300-23500 levels and still there are no early signs of any breakouts on either side. A decisive move above 23500 levels is likely to open an upside breakout and a slide below 23300 levels could mean a chance of downside breakout of the range movement in the near term," said Nagaraj Shetti of HDFC Securities.Here are 8 stock recommendations for Tuesday:
Economic Times

Time to revisit as regulatory tightening cleans up the sector: 5 housing finance stocks with upside potential of up to 25% - 5 months ago
Housing finance as a sector, has been at the forefront of bearing the brunt of both regulatory changes and also different scams at different points of time. But then it has thrown winners like HDFC and losers like DHFL. So, this is a sector which is bound to grow given the fact that demand for housing is always going to rise. What matters is which stock one owns and also another factor is the time frame with which it has been bought. The reason for the time frame is that this sector has to deal with interest rate cycles and also regulatory changes which makes the stock prone to phases of under performance. In the last one year, since the time RBI has been overhauling the regulatory provision of every segment of financial services these stocks have underperformed , but now recently once again they are showing signs of life coming back.
Economic Times

6 penny stocks turned multibagger, delivered up to 285% returns in 2024. Do you own any? - 5 months ago
While the Sensex saw modest returns of 6.5% in 2024 (from January 1st to June 14th), a handful of penny stocks surged dramatically, with gains ranging from 100% to an impressive 285%. According to Ace Equity data, six penny stocks with the latest volume of over 5 lakh and a market cap below Rs 1000 crore have turned into multibaggers. Here's the list:
Economic Times

Paris stock market no longer Europe's biggest, top French firms lost over 10% - 5 months ago
France lost its spot as Europe's biggest equity market after President Macron's snap election announcement caused a $258 billion market cap loss.
Economic Times

Volume Shocker: MFs lap up over 1 crore share of these 6 stocks in May 2024 - 5 months ago
In its latest mutual funds analysis, ETMarkets has highlighted stocks that saw a significant increase in the number of shares held by mutual fund holdings in May from the month of April. Approximately 36 stocks observed an increase of over 1 crore shares in May. To further narrow down the selection, only stocks that saw their prices rise by more than 15% since the start of May were included, resulting in a thoughtfully curated list of six stocks. (Data Source: ACE MF | ACE Equity)
Economic Times

Asian shares mostly lower as China reports factory output slowed - 5 months ago
Factory output fell 5.6% in China in May, the government reported, below analysts' forecasts and slowing from 6.7% the month before. Retail sales rose just 4.1% in the first five months of the year.
Economic Times

Budget 2024 an opportunity for Nirmala Sitharaman to play some good shots - 5 months ago
The Lok Sabha election results in India surprised many as they diverged from the exit polls. The focus now shifts to the Union Budget 2024, setting the economic tone for the future. All eyes will now be on Finance Minister Nirmala Sitharaman.
Economic Times

FPIs offload Indian equities worth Rs 3,064 crore in June so farGeojit Financial Services Share Price - 5 months ago
This trend continued from May and April, when FPIs sold shares worth Rs 34,257 crore, even as domestic institutional investors (DIIs) remained buyers, supporting the markets.
Economic Times

Cement stocks in focus in Modi 3.0: Birla Corp, JK Cement could give 14-22% returnJK Cement Share Price - 5 months ago
Resultantly, the all-India average price during Apr-May’24 was flat to marginally up (1%) vs. Mar’24-exit, while it was ~1% lower than 4QFY24 average.
Economic Times

Japan's Nikkei dips below key 38,000 mark; Toyota dropsMazda Share Price - 5 months ago
Equities strategist Kazuo Kamitani from Nomura Securities projected a Nikkei correction to 37,500. Suzuki Motor's stock dropped by 3.6%.
Economic Times

Is the stock market closed today for Eid-al-Adha (Bakri Eid) holiday? - 5 months ago
Apart from Bakri Eid (June 17), in 2024, the markets will be shut for Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).
Economic Times

Adani Wilmar, HDFC AMC among 17 companies in focus this week for dividend, AGM, rights issue, split, bonus issueTata Steel Share Price - 5 months ago
Real estate developer Sobha announced a 6:47 rights issue at a premium of Rs 1,641. The record date for the same is June 19
Economic Times

Learn with ETMarkets: Why Fed's rate decisions matter to commodity investors? - 5 months ago
When the Fed raises rates, the opportunity cost of holding non-yielding assets like gold and silver increases, often leading to a decline in their prices
Economic Times

Shares of Hyundai Motor jump as it files for India unit IPO worth $3 billionMaruti Suzuki India Share Price - 5 months ago
Shares of Hyundai Motor, South Korea's leading carmaker, jumped here on Monday as it confirmed that its India unit has filed for an initial public offering (IPO) to raise around $3 billion (Rs 25,000 crore).
Economic Times

Asia shares muted on mixed China data, euro pressure - 5 months ago
Asian share markets softer on mixed Chinese economic data. European political uncertainty persists. Swiss National Bank may ease. Markets await U.S. retail sales and Fed speeches. French political risks weigh on euro. Gold and oil prices stable.
Economic Times

Vodafone Idea may offer more shares to vendors to clear dues - 5 months ago
Vi is saddled with around ₹20,000 crore of overall payables (including ₹13,731 crore trade payables) and proposes to use the ₹24,000 crore equity capital recently raised only for fresh capex to expand 4G coverage and roll out 5G networks. Trade payables, typically, reflect Vi's dues to vendors such as network gear suppliers and tower firms.
Economic Times

MEP Infrastructure Developers to seek settlement with lenders under IBC: Jayant MhaiskarMEP Infrastructure Developers Share Price - 5 months ago
MEP Infrastructure Developers (MIDL) plans to submit a settlement proposal under Section 12A of the Insolvency and Bankruptcy Code (IBC) to resolve its debt issues with lenders. The chairman, Jayant Mhaiskar, aims to seek a settlement before the company faces bankruptcy, highlighting the importance of the IBC provision in creditor settlements.
Economic Times

Ambuja Cements may repay Penna's debt - 5 months ago
Private credit funds, including Edelweiss Alternative Asset, expect Ambuja Cements to repay Penna Cement's high-cost debt ahead of schedule. Adani Group-controlled Ambuja Cements acquired Penna Cement for ₹10,442 crore, aiming to reduce borrowing costs and improve credit ratings. The acquisition will help Ambuja Cements to refinance or repay Penna Cement's existing term loans and high-cost debt, including ₹400 crore to Edelweiss Alternative Asset.
Economic Times

War, money, oil and the shaping of Aramco's giant share sale - 5 months ago
A large chunk of this month's $11.2 billion share sale was allocated to foreign investors, leading one person involved in the process to describe it as the deal the IPO was supposed to be. Its success could create a template for future Aramco sell-downs, which now seem likely as the Crown Prince - who's known as MBS - seeks cash to help fund his multitrillion-dollar Vision 2030 economic transformation project.
Economic Times

Is the stock market closed today for Eid-al-Adha (Bakri Eid)? - 5 months ago
Apart from Bakri Eid (June 17), in 2024, the markets will be shut for Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).
Economic Times

Balancing Act: With greater capex comes lower dividendTata Consultancy Services Share Price - 5 months ago
The dividend payout ratio is the proportion of a company's earnings paid to shareholders as dividends. This payout tends to be lower in times when companies spend more on expansion. Companies with a high cash flow in mature industries tend to have higher dividend payout ratios.
Economic Times

With Odisha and Andhra being governed by NDA 3.0. Will Aquaculture, a sector dominated by small caps and troubles see a turnaround? - 5 months ago
When looking at any sector, it is good to know the history of that sector, it helps in bringing the context to the possible investing time frame and also the risks which come with that particular investment. Aquaculture as a sector came into limelight in 1992-93. Best of the names of India Inc of that time entered the sector as the Indian economy was opening up and exports were expected to pick up. It was assumed that given the long coastline the production of shrimps would be an easy business to grow. But reality turned out to be very different and the story is full of troubles. There were multiple reasons, right from the nature of business itself and lack of coordinated and sustained support by the government. But now with NDA 3.0 in power in two states which dominated this sector, will there be a more coordinated effort to bring this industry back on track and turnaround is sustained?
Economic Times

With Odisha and Andhra being governed by NDA 3.0. Will Aquaculture, a sector dominated by small caps and troubles see a sustained turnaround? - 5 months ago
When looking at any sector, it is good to know the history of that sector, it helps in bringing the context to the possible investing time frame and also the risks which come with that particular investment. Aquaculture as a sector came into limelight in 1992-93. Best of the names of India Inc of that time entered the sector as the Indian economy was opening up and exports were expected to pick up. It was assumed that given the long coastline the production of shrimps would be an easy business to grow. But reality turned out to be very different and the story is full of troubles. There were multiple reasons, right from the nature of business itself and lack of coordinated and sustained support by the government. But now with NDA 3.0 in power in two states which dominated this sector, will there be a more coordinated effort to bring this industry back on track and turnaround is sustained?
Economic Times

Defence stock rallied up to 28% last week. Check top winners - 5 months ago
Indian defence sector stocks surged sharply last week, gaining up to 28%, as the government's strong focus on the sector remains unwavering. These stocks are likely to continue their upward streak as, upon resuming charge as defence minister, Rajnath Singh set a target to generate military exports worth Rs 50,000 crore annually and vowed to fast-track initiatives under 'Make in India' for defence production.Here's the list of defence stock rallied up to 28% last week:
Economic Times

Global rate-cut juggernaut is struggling to start - 5 months ago
Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.
Economic Times

Is the stock market closed on Monday for Eid-al-Adha (Bakri Eid)? - 5 months ago
Equity markets, including BSE, NSE, and MCX, will be closed on June 17 for Eid-al-Adha. Indian benchmark indices, Sensex and Nifty, hit record highs driven by state-run companies and energy stocks.
Economic Times

Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makersWelspun Enterprises Share Price - 5 months ago
There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.
Economic Times

Capital goods stocks rally up to 18% last week. Check top 10 gainers - 5 months ago
Last week witnessed a rally in capital goods stocks like Praj Industries, ABB India, Siemens among others with the stocks rising as high as 18%.While a total of 24 stocks showed gains, only 3 stocks ended the week in red. Here is a list of top 10 gainer capital goods stocks:
Economic Times

Godawari Power and Ispat board approves Rs 301 crore share buyback at 30% premium, sets record dateGodawari Power & Ispat Share Price - 5 months ago
This buyback, amounting to Rs 301 crore, represents up to 1.64% of the company's total paid-up equity share capital as of March 31, 2024 (excluding 45 lakh equity shares held by the Trust in Treasury), the company said in an exchange filing.
Economic Times

Global Rate-Cut Juggernaut Is Struggling to Start - 5 months ago
Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.
Economic Times

5 investing lessons from Roger Federer’s career - 5 months ago
Federer highlighted that in tennis, maintaining focus and perseverance is crucial, especially after the initial hours of play when mental fatigue sets in. This long-term perspective is essential in investing as well. Many investors experience initial success, known as beginner’s luck, but they exit the market after facing losses
Economic Times

10 mid & smallcap stocks with high analyst ratings that can deliver up to 35% returns - 5 months ago
Several brokerages are bullish on a variety of stocks across different sectors, including banking, finance, and information technology. According to Trendlyne data, 10 Nifty Mid Small Cap 400 stocks, such as IDFC First Bank, Tata Technologies, Angel One, and Piramal Pharma, have received high analyst ratings and could potentially deliver up to 35% returns. Here's the list:
Economic Times

This ratio helps in avoiding mirage of value in bullish time: 5 stocks from different sectors for long-term investors - 5 months ago
Given the high probability that bulls will be soon seen all over the street. It would be better to just be a bit more cautious while taking incremental exposure. One thing which investors need to take into consideration is that there is a big difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. When looking for long term investment, it is better to use PEG ratio, though finding the right ratio is itself a challenge. PEG ratio is much better compared to the commonly used P/E ratio. It helps in avoiding stocks which might appear cheap but actually are not value buys. Also in sectors which are cyclical in nature, looking at the price earning matrix may lead to wrong decisions.
Economic Times

This ratio helps in avoiding mirage of value in bullish time: 5 stocks for different sector for long-term investors - 5 months ago
Given the high probability that bulls will be soon seen all over the street. It would be better to just be a bit more cautious while taking incremental exposure. One thing which investors need to take into consideration is that there is a big difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. When looking for long term investment, it is better to use PEG ratio, though finding the right ratio is itself a challenge. PEG ratio is much better compared to the commonly used P/E ratio. It helps in avoiding stocks which might appear cheap but actually are not value buys. Also in sectors which are cyclical in nature, looking at the price earning matrix may lead to wrong decisions.
Economic Times

FPIs pumps Rs 11,730 crore into Indian equities last week on positive market cuesGeojit Financial Services Share Price - 5 months ago
​Foreign investors made a strong comeback with a net inflow of Rs 11,730 crore (USD 1.4 billion) in the week ending June 14, driven by positive signals from domestic and global markets.
Economic Times

Dabur's target price raised to Rs 700 on management's upbeat take on consumption revival: Emkay GlobalEmkay Global Financial Services Share Price - 5 months ago
Emkay Global anticipates that Dabur will benefit from consumption recovery, leveraging its stable distribution expansion, extensive portfolio category coverage, continued emphasis on innovation, and sufficient liquidity for bolt-on acquisitions.
Economic Times

M-cap of five of top-10 most valued firms jumps Rs 85,582 crore; LIC biggest gainerTata Consultancy Services Share Price - 5 months ago
Top-10 firms gained Rs 85,582.21 crore in market valuation last week, with LIC leading. BSE Sensex rose 0.39%, hitting an all-time high. Market cap changes noted for Reliance, HDFC, Bharti Airtel, SBI, and LIC.
Economic Times

Will Nifty touch 24,000 this week? Top 5 factors at playGeojit Financial Services Share Price - 5 months ago
After closing the previous week with a 0.75% gain, Nifty has maintained a narrow range of 23,200-23,500. A breakout above 23,600 could spur the index towards 24,000, contingent on developments surrounding the Union Budget and ministries' 100-day plans. However, recent Nifty movements indicate a likely period of consolidation
Economic Times

The market is blowing off what the Fed is saying about rates - 5 months ago
The central bank’s projections for fewer rate cuts this year and Powell’s seemingly hawkish comments at his press conference on Wednesday didn’t prevent the S&P 500 Index from eclipsing 5,400 for the first time ever, which also happened on Wednesday and held through at least Friday. The benchmark is up more than 50% since hitting a bottom in October 2022, during a bear market triggered by the Fed’s drastic interest rate increases that started in March 2022 and were aimed at taming runaway inflation.
Economic Times