US stocks open higher on inflation data cheer - 5 months ago
The Dow Jones Industrial Average opened higher by 40.63 points at 37,751.65 or 0.11%.
Economic Times

Muthoot FinCorp NCD opens for subscription. Effective yield up to 9.75% - 5 months ago
Muthoot FinCorp plans to raise Rs 300 crore through XVI Tranche III series, which will close on January 25, a release said. The secured NCDs issued under Tranche III have been rated at AA-/ Stable by Crisil and are proposed to be listed on the debt market segment of BSE.
Economic Times

Investors richer by Rs 6.88 lakh cr in 4 days; mcap of BSE-listed cos at new peak of Rs 373 lakh cr - 5 months ago
Investors' wealth surged Rs 6.88 lakh crore in four days of market rally, where the Sensex reached its lifetime high of 72,720.96 on Friday, taking the market capitalisation of BSE-listed companies to a record peak of Rs 373.29 lakh crore.
Economic Times

Tata Motors, IDFC First Bank among 5 stocks with top short covering - 5 months ago
Short covering refers to the buying of shares 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 Friday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

What has powered mutual fund growth in India? - 5 months ago
Mutual fund (MF) assets have grown nearly 7 times in the last 10 years as the number of folios grew four-fold on rising SIP inflows. (Source: AMFI | TOI)
Economic Times

Tech View: Nifty bulls eye 22K next week. What traders should do - 5 months ago
​Nifty on Friday ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside.
Economic Times

Crorepati Dream! Rs 10,000 monthly SIP in this mutual fund grows to Rs 16.5 crore in 29 years - 5 months ago
HDFC Flexi Cap Fund is an open-ended dynamic equity scheme investing across largecap, midcap and smallcap stocks. The fund’s investment strategy revolves around a bottom-up approach to stock selection with focus on quality companies at reasonable valuations.
Economic Times

Cipla, Hindustan Copper among 5 stocks with top long unwinding - 5 months ago
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Economic Times

Zerodha's Nithin Kamath laments insurance mis-selling at the cost of investors - 5 months ago
Nithin Kamath, who is known for educational tweets on all things stock markets and on finance-related news, lamented that insurance products are being sold at high prices, sometimes even though investors are not keen on purchasing them.
Economic Times

Nifty Bank falls nearly 1% in a week; 48000 crucial for bulls next week - 5 months ago
​Top gainers include names like PNB, SBI, Bank of Baroda and ICICI Bank while selling was seen in HDFC Bank, Bandhan Bank and Axis Bank.
Economic Times

Sebi tweaks rule for on-boarding investors in Alternative Investment Funds - 5 months ago
Capital markets regulator Sebi on Friday tweaked the framework for on-boarding investors by Alternative Investment Funds (AIFs). This came in view of amendments to the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005.
Economic Times

Sensex ends at fresh all-time high, surges 847 pts; Nifty near 21,900 - 5 months ago
Closing Bell: Sensex ends at fresh all-time high, surges 847 pts; Nifty near 21,900; ONGC, TechM rally 5% each
Economic Times

Another smallcap stock with Ayodhya connection rallies 38% in just 2 days - 5 months ago
After ending Thursday's session with a 20% rally, Allied Digital Services stock rallied another 14.7% on Friday to scale a fresh 52-week high of Rs 196 on the BSE. The microcap's market capitalisation also crossed Rs 1,000 crore on Friday.
Economic Times

Sensex, Nifty hit fresh record highs; 4 factors behind high-tech rally - 5 months ago
Led by gains in heavyweights TCS and Infosys, Sensex and Nifty today broke previous all-time high levels. Wipro, Tech Mahindra, HCL Tech and SBI were the other top gainers. So far in the calendar year, stock investors have become richer by Rs 7 lakh crore as the total market capitalisation of all BSE-listed stocks rose to Rs 372.92 lakh crore.
Economic Times

This SME stock plunges 9% after promoter offloads 8.5% stake in open market - 5 months ago
EVOQ Remedies' promoter Payal Bhumishth Patel sold 11,52,000 shares, representing an 8.5% stake on January 10, according to exchange disclosures. The share sale by the promoter happened on the same day the firm had announced a mega export order.
Economic Times

Ashish Kacholia, Mukul Agrawal’s family pick stakes in this smallcap multibagger - 5 months ago
​Ace Investor Ashish Kacholia has picked up a 1.9% stake in smallcap multibagger Tanfac Industries while Madhulika Agarwal, wife of Mukul Agrawal bought 1.80% in the company in the quarter ended December 31.
Economic Times

India aims for instant stock settlement in global race for speed - 5 months ago
Sebi is proposing to start same-day settlement from March, before moving to a real-time process in 2025. The shorter cycles will be optional for investors and run alongside the existing system where trades are settled in one day, or T+1 in industry parlance.
Economic Times

HCL Tech, Tata Consumer Products among 6 Nifty50 stocks that hit new 52-week high on Friday - 5 months ago
India's blue-chip indices, Nifty and Sensex touched fresh all-time highs on Friday, led by gains in IT services firms after their results and commentary exceeded expectations, alleviating concerns about weak demand. Meanwhile, during this rally, six Nifty50 stocks hit new 52-week highs. Here's a list:
Economic Times

ITC, Zomato, 2 Tata cos among top 10 largecap stocks shopped by MFs in December - 5 months ago
MF holding in Zomato increased by a sharp 71 million shares month-on-month (MoM) in December, according to a report by PhillipCapital. Shares of the online food delivery aggregator have rallied nearly 19% since December.
Economic Times

Time to look beyond large private sector banks? 6 midcap banks with upside potential of up to 31% - 5 months ago
Post 2015 and then again in 2018, RBI did a strong rejig in various banking policies, right from capital adequacy to the operational matrix were tightened. The first set of banks which street took note of were larger private sector banks than PSU banks. There is another set of banks, which dont have the distribution reach which large private banks have, but when it comes to ownership they are not the same as the PSU banks. They have very different hybrid kinds of ownership, a sort of quasi private sector banks. These are private sector banks of mid-sized banks which operate in particular regions. Over a period of time they have also been forced to clean up their act. Will they see a strong re-rating?
Economic Times

This SME stock plunged 9% after promoter offloaded 8.5% stake in open market - 5 months ago
EVOQ Remedies' promoter Payal Bhumishth Patel sold 11,52,000 shares, representing an 8.5% stake on January 10, according to exchange disclosures. The share sale by the promoter happened on the same day the firm had announced a mega export order.
Economic Times

Financial services stocks, each one has a different operating matrix and phases of performance on the street. - 5 months ago
While they all come under the broad umbrella of financial services, they are so diverse that each segment is an industry in itself which is governed by an operating matrix that is very different from another. For example, a Housing finance company can be happy with 10 percent net margins, but for an average asset management company ( AMC) the net margin would be more than 30 percent. The only common thing that binds the financial service sector is the GDP growth rate as the growth in all segments has a certain well-defined relationship with GDP growth.
Economic Times

Nifty breaks new year record, Sensex zooms 700 points. What's behind high-tech rally? - 5 months ago
The Nifty touched an all-time peak of 21,848, led by gains in heavyweights TCS and Infosys. The m-cap of all BSE-listed stocks rose by about Rs 2.5 lakh crore to Rs 372.92 lakh crore on Friday. In dollar terms, the Indian stock market is worth about $4.49 trillion and looks poised to take over Hong Kong as the world's fourth-largest hub of equities.
Economic Times

Infosys, TCS rub-off impact! IT stocks surge up to 14%, Nifty IT hits new 52-week peak - 5 months ago
Nifty IT rallied 5% or 1,747 points in the intra-day trade with all 10 stocks trading in the green.
Economic Times

Asian Paints, Bharat Forge among 5 stocks with short buildup - 5 months ago
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 & Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Friday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

TVS Motor Company: Bullish - 5 months ago
TVS Motor Company’s daily trend is bullish. The RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 2000 and 2100. Let’s plan a trade around this.
Economic Times

5paisa Capital shares tumble 9% post Q3 results - 5 months ago
5paisa Capital reported that its consolidated net profit rose 37% YoY to Rs 15.1 crore for the quarter ended December. The same stood at Rs 11 crore in the year-ago period.
Economic Times

A manufacturing stock has space for 3% upmove; infra player creates stage for 6% gain - 5 months ago
Nifty opened higher and hit a high soon after. But the index lost steam and ended with only a small gain.
Economic Times

HDFC AMC shares 4% from 52-week high. Should you buy post Q3 results? - 5 months ago
The consolidated revenue from operations stood at Rs 671 crore, up 20% from Rs 560 crore reported by the company in the year-ago period.
Economic Times

Infosys, Mphasis among 5 stocks with long buildup - 5 months ago
A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Friday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:
Economic Times

Tata Consumer shares rally 4% to new peak on two new additions in portfolio - 5 months ago
The Tata firm is also said to be picking a controlling stake in Organic India for a Rs 1,800 crore valuation from FabIndia. Fabindia is backed by Premji Invest and Lighthouse Capital, and owns over 40% stake in Organic India, based in Lucknow.
Economic Times

Fri-yay! Nifty hits fresh record high powered by rally in IT stocks - 5 months ago
Indian equity indices treaded higher led by banking and IT stocks. Infosys and TCS were the top gainers, along with Wipro, Tech Mahindra, HCL Tech, and UltraTech Cement. On the other hand, M&M, Asian Paints, Bharti Airtel, HUL, and Power Grid opened lower. According to experts, the resilience in IT stocks and strength in Reliance will consolidate Nifty around 21600 levels. The US CPI inflation rising to 3.4% may delay the expected rate cut by the Fed in March, along with the rate cut by the MPC.
Economic Times

F&O stock strategy: How to trade in TVS Motor, Tata Power? - 5 months ago
The bears or CALL writers are leading the bulls or PUT writers by a huge margin at 21,700 Strike at Thursday’s close, Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities said, adding that strong call writing at a particular strike price, is usually considered as a sign of resistance getting stronger.
Economic Times

Wire on fire! Polycab stock derating looks inevitable after income tax raids - 5 months ago
Polycab shares rose 3% on Friday as bottom-fishers took action after a 21% drop on Thursday due to income tax raids uncovering unaccounted cash sales of around Rs 1,000 crore. The company clarified that the income tax department has not named Polycab and there has been no written communication regarding the outcome of the raids. HNIs and institutional investors have sold Polycab shares. Axis Capital reduced the target price due to uncertainties after the raid and expects a multiple derating until the charges are proven otherwise.
Economic Times

Macrotech Developers shares jump 8%, hit 52-week high. Here’s why - 5 months ago
Multiple site visits to Lodha's Palava township show a well-planned development taking place, Jefferies said as it highlighted that land prices have doubled in three years. In its view, there is potential upside over the long-term going ahead. Affordable housing policy boost to residential sales is also likely to show its impact soon.
Economic Times

5 things which investors should expect to track in this Interim Budget 2024: Sonam Srivastava - 5 months ago
ETMarkets spoke to Sonam Srivastava, smallcase Manager and founder of Wright Research on what investors should expect from Interim Budget 2024.
Economic Times

Fri-yay! Sensex surges 600 points, Nifty tops 21,800 on rally in IT shares - 5 months ago
Indian equity indices treaded higher led by banking and IT stocks. Infosys and TCS were the top gainers, along with Wipro, Tech Mahindra, HCL Tech, and UltraTech Cement. On the other hand, M&M, Asian Paints, Bharti Airtel, HUL, and Power Grid opened lower. According to experts, the resilience in IT stocks and strength in Reliance will consolidate Nifty around 21600 levels. The US CPI inflation rising to 3.4% may delay the expected rate cut by the Fed in March, along with the rate cut by the MPC.
Economic Times

Fundamental Radar: Sales of this single drug can take Lupin’s US revenue to $1 billion in FY-26 - 5 months ago
Lupin's focus on the US portfolio is to increase dollar sales to above $200 million from the earlier range of $170-190 million. Lupin recently launched the generic version of asthma treatment drug Spiriva, which is gaining momentum. Sharekhan believes Lupin will not face competition until FY26.
Economic Times

Fundamental Radar I Sales of this single drug can take Lupin’s US revenue to $1 billion in FY26: Forum Parekh - 5 months ago
Lupin has recently grabbed the limelight due to several green shoots such as approvals of key complex generic products in the US, resurgence of regulatory actions, easing input cost pressures, and healthy domestic growth. In this backdrop, the stock has been upgraded to “buy” and price target raised to Rs 1,500, says Forum Parekh, associate vice president at Sharekhan by BNP Paribas.
Economic Times

Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech Developers - 5 months ago
Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers.
Economic Times

Sensex rises 300 points, Nifty above 21,700; Infosys climbs 4% - 5 months ago
Sensex gains 300 points, Nifty above 21,700; Infosys climbs 4%, TCS 3% post Q3 show; Tata Steel, UltraTech Cement, ICICI Bank are some of the gainers in the morning trade.
Economic Times

Sensex gains 300 points, reclaims 72K on surge in IT stocks; Nifty above 21,700 - 5 months ago
Indian equity indices opened higher led by banking and IT stocks. Infosys and TCS were the top gainers, along with Wipro, Tech Mahindra, HCL Tech, and UltraTech Cement. On the other hand, M&M, Asian Paints, Bharti Airtel, HUL, and Power Grid opened lower. According to experts, the resilience in IT stocks and strength in Reliance will consolidate Nifty around 21600 levels. The US CPI inflation rising to 3.4% may delay the expected rate cut by the Fed in March, along with the rate cut by the MPC.
Economic Times

TCS shares jump over 3% as Q3 earnings beat Street estimates. Should you buy? - 5 months ago
Tata Consultancy Services (TCS) shares jumped over 3% following its Q3 results. Morgan Stanley upgraded the stock to Overweight, while Motilal Oswal and Nuvama reiterated their buy stance. TCS reported higher-than-expected revenue but lower bottomline. Morgan Stanley raised the price target to Rs 4,240. Motilal Oswal has a target of Rs 4,250. Nuvama revised the target to Rs 4,500. Kotak maintained an Add rating.
Economic Times

Infosys shares jump 7% on Q3 results. Is the downgrade cycle over? - 5 months ago
Infosys shares surge as Q3 results beat expectations. While FY24 revenue growth guidance was tightened, analysts are betting that Q3 was the bottom for the earnings downgrade cycle for the IT major. We expect growth to accelerate in FY25 on account of the ramp-up of large deals, strong deal pipeline and expected recovery in discretionary spending, said Emkay Global.
Economic Times

Buy or Sell: Stock ideas by experts for January 12, 2024 - 5 months ago
ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Vedanta and AB Capital. Check out the targets and stoploss.
Economic Times

Big movers on D-Street: What should investors do with Infosys, Apollo Hospitals and SBI Life? - 5 months ago
Stocks that were in focus included names like HCL Tech, which rose 0.02%, SBI Life, which fell 1.48%, and Apollo Hospitals, whose shares jumped 1% on Thursday.
Economic Times

Asian shares cautious as oil jumps on US strikes in Yemen - 5 months ago
The rally in rates may have been helped by dovish comments from European Central Bank (ECB) President Christine Lagarde who said rate cuts would occur if the central bank has certainty that inflation had fallen to the 2% level.
Economic Times

Wall Street little changed after inflation, labor market data - 5 months ago
​In a choppy session, equities opened higher and the benchmark S&P 500 briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing initial gains.
Economic Times

Stock Radar I Buy, sell or hold? United Spirits stock is making higher highs from the last five months: Shivangi Sarda - 5 months ago
“United Spirits stock has been making higher highs from the last five months and consistently stretching itself on the higher zone. Traders can buy for a target of Rs 1170 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.
Economic Times

Tata Consumer set to acquire Capital Foods, Organic India - 5 months ago
TCPL will be buying 75% of Capital Foods from existing investors Invus Group, a European family office and investment arm, with a 40% stake; US private equity group General Atlantic that owns 35% valuing the company at Rs 5100 crore. That would peg the stake value at Rs 3,825 crore. Founder chairman of Capital Foods and a former advertising boss turned food entrepreneur Ajay Gupta will retain his 25% stake for now but Tatas will buy him out too in future helping him unlock further value.
Economic Times