High EMD demand for bad loan bids discouraging ARC participation - 5 months ago
While banks and NBFCs believe that a high EMD ensures participation from only serious and committed players and helps maintain confidentiality, several ARCs believe that this discourages wider participation.
Economic Times

Full-service brokers see exodus of clients to discount players - 5 months ago
NSE data reveal that brokerage firms, including ICICI Securities, HDFC Securities, Axis Securities, Sharekhan, IIFL Securities, Nuvama, and Geojit, among others, have observed a decline in the number of active clients.
Economic Times

Stocks in news: Infosys, TCS, Wipro, Polycab, LIC - 5 months ago
TCS reported a 2% year-on-year growth in consolidated net profit for the quarter to Rs 11,058 crore, and revenue increased 4% to Rs 60,583 crore.
Economic Times

Polycab slides again amid rise in volumes - 5 months ago
Shares of other listed cable companies - R R Kabel, KEI Industries and V-Marc India - also fell 4-5% on Thursday. Polycab, meanwhile, said that it has not received any communication from the tax department.
Economic Times

EaseMyTrip surfs patriotic wave post Maldives row - 5 months ago
Easy Trip shares surged nearly 17% to ₹51.81 - emerging as one of the top BSE gainers on Thursday. The company's announcement the previous day to launch an insurance subsidiary - EaseMyTrip Insurance Broker also contributed to the sentiment.
Economic Times

Take pre-emptive steps to mitigate risks: RBI to banks - 5 months ago
While the flexible inflation targeting provided the elbow room to address the supply side shocks, the regulator post Covid put together a mechanism to strengthen the institutions through prudential norms and heightened supervision and inspection, Governor Shaktikanta Das said.
Economic Times

Financial creditor claims should have primacy: RBI Guv Shaktikanta Das - 5 months ago
"It has to be recognised that the financial creditors take the maximum risk and hence their risk needs to be commensurately compensated and with priority," Governor Das said at a conference in Mumbai.
Economic Times

SIP account additions hit new high in December 2023 - 5 months ago
The benchmark indices gained around 8% in December alone following renewed interest of foreign portfolio investors (FPIs) and sustained flows form domestic investors. That took the calendar year gain to over 20%. This has prompted more retail investors to opt for equity investments, and SIP has emerged as a preferred route.
Economic Times

Fed officials say December CPI did not budge view of inflation - 5 months ago
Overall consumer price inflation on a 12-month basis rose to 3.4% in December from 3.1% the month before. But excluding volatile food and energy costs the pace of price increases fell to 3.9% from 4%, showing ongoing moderation in underlying price pressures.
Economic Times

Stock Radar: United Spirits hits fresh record high in January. Time to buy or book profits? - 5 months ago
Short-term traders can look to buy the United Spirits stock for a possible target of Rs 1,170 in 2-3 weeks, suggested experts. The stock hit a record high of Rs 1129.55 on January 10 and has been inching higher, remaining volatile but taking support above the 20-week moving average. Bulls are likely to remain in control as long as the stock trades above the crucial support of Rs 1019.
Economic Times

Wall Street's indexes choppy as inflation data dampens rate-cut hopes - 5 months ago
The benchmark S&P 500 briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing the opening gains. The index has recovered nearly 17% from its October lows, gathering steam in December after the Federal Reserve hinted it was reining in inflation and rate cuts were "coming into view".
Economic Times

Market Trading Guide: IRFC, Exide Industries among 5 stock recommendations for Friday - 5 months ago
India's equity benchmark indices logged small gains on Thursday, led by energy and auto stocks. The S&P BSE Sensex closed 0.09% higher at 71,721, while the NSE Nifty 50 index closed just near the 21,650 level."In a well-defined range of 21,470-21,800, it appears that the Nifty is forming a Bullish Flag pattern and one can expect a sharp uptick after the pattern breakout," said Aditya Gaggar, director of Progressive Shares.
Economic Times

Sebi proposes interim recommendations to ease listing, issue of capital norms - 5 months ago
As per the current Listing Obligations and Disclosure Requirements (LODR) regulations, a director cannot be a member in more than 10 committees or act as chairperson of more than 5 committees across all listed entities. The Sebi panel has now recommended that the count of maximum membership and chairmanship may be limited to only listed companies, and the positions at unlisted public companies may be excluded.
Economic Times

Sebi floats consultation paper on expert panel's suggestion for ease of doing biz - 5 months ago
​Sebi on Thursday sought public comments on various proposals, including on timeline for filling up key managerial posts at listed companies and limiting membership of directors in committees, aimed at improving the ease of doing business.
Economic Times

No negative element in Q3 is good news for Infosys as ADRs rise nearly 5% - 5 months ago
Infosys ADRs are currently trading at $18.99, up about 4.8% from the previous close. The Bengaluru-based software exporter’s net profit fell 7% to Rs 6,106 crore in the quarter ended December. However, the profit figure was on par with ET Now poll estimate of Rs 6,140 crore.
Economic Times

Microsoft overtakes Apple as world's most valuable company - 5 months ago
​Microsoft overtook Apple as the world's most valuable company on Thursday after the iPhone maker's shares made a weak start to 2024 due to growing concerns over demand.
Economic Times

Sebi proposes changes to ease fundraising rules - 5 months ago
​ India's capital market regulator on Thursday proposed changes in rules for fundraising and disclosure requirements for listed companies, according to a discussion paper on the regulator's website.
Economic Times

US stocks inch higher as investors assess inflation data - 5 months ago
The Dow Jones Industrial Average rose 51.41 points, or 0.14% at the open, to 37,747.14.
Economic Times

Technical Breakout Stocks: How to trade Sobha, Mankind Pharma and Just Dial on Friday - 5 months ago
The 30-share Sensex climbed 63 points to settle at 71,721 and the Nifty gained 28 points to 21,647. Sectorally, oil and gas, consumer durables, auto, and PSU banks were top gainers.
Economic Times

Mukesh Ambani joins $100-billion net worth club as RIL breaks record - 5 months ago
The total net worth of Mukesh Ambani, CMD, Reliance Industries was estimated at $105.1 billion, according to data from the Forbes Real-Time Billionaires List. A surge in Asia's richest billionaire's fortune comes amid a sharp 5.4% upside in RIL shares in the last two trading sessions.
Economic Times

Tech View: Nifty support shifts near 21,600. What traders should do on Friday - 5 months ago
The market is now placed at the hurdle of a down-sloping trendline that connected recent lower highs at 21,725 level. Having shown a false downside breakout at 21,500 level on Wednesday, Nifty is expected to reach up to the upper trajectory of 21,750-21,850 levels in the near term.
Economic Times

Tech Mahindra, Persistent Systems among 5 stocks with top 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 a security from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Zee, PVR INOX among 5 stocks with top long unwinding - 5 months ago
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 Thursday's trading session, 5 stocks witnessed a top long unwinding. Here's the list:
Economic Times

Sensex ekes out marginal gains ahead of TCS, Infosys results; US inflation data - 5 months ago
The BSE benchmark Sensex rose 63 points or 0.09% to settle at 71,721. The NSE Nifty gained 28 points or 0.13% to end at 21,647. From the Sensex stocks, index heavyweight Reliance Industries surged 2.5%. UltraTech Cement, Axis Bank, IndusInd Bank and Power Grid also closed higher, while Infosys, HUL, Wipro, and L&T settled with cuts.
Economic Times

Sensex settles at 71,721, Nifty ends at 21,647 ahead of TCS, Infosys results - 5 months ago
Ahead of key US inflation data, Indian benchmark indices closed marginally higher on Thursday, led by energy and auto stocks. The BSE benchmark Sensex rose 63 points or 0.09% to settle at 71,721. The NSE Nifty gained 28 points or 0.13% to end at 21,647.
Economic Times

PMS Tracker: Largecap funds outperform smallcaps in December as Nifty rallies 8% - 5 months ago
Saurabh Mukherjea-run Marcellus Investment’s “Consistent Compounders” is another largecap strategy that gave positive returns last month, but underperformed its benchmark. The strategy gave nearly 6% returns.
Economic Times

These auto sector stocks can deliver more than 15% return in next one year - 5 months ago
If one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. The reason, sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. But as the stocks have done well in the recent past, it is time to be selective at least in the near term.
Economic Times

Tata Motors, Apollo Hospitals among 6 Nifty50 stocks that hit new 52-week high on Thursday - 5 months ago
India's benchmark indices Nifty 50 and Sensex rose on Thursday, led by energy stocks and tracking a rebound in their Asian peers, as investors awaited key US inflation reading for cues on interest rates. Meanwhile, in today's trade, six Nifty50 stocks hit new 52-week highs. Here's a list:
Economic Times

Polycab tanks 20% as I-T dept finds 'unaccounted Rs 1,000 cr sales'; here's all you need to know - 5 months ago
Shares of electrical equipment manufacturer Polycab tanked 20% to the day's low of Rs 3,801 in Thursday's trade after the Income Tax department detected "unaccounted cash sales" of about Rs 1,000 crore after it recently raided the Polycab group. A total of 50 premises in Mumbai, Pune, Aurangabad and Nashik in Maharashtra, Daman, Halol in Gujarat and Delhi were covered. Reacting to Polycab news, Sanjiv Bhasin said, "Definitely, corporate governance has to be of the highest standard, irrespective of the business or the module or the wealth creation. But such things definitely cannot be kept under the carpet. And they will have to come out with a large part of disclosure."
Economic Times

For calculated risk takers: 6 midcap stocks from different sectors with potential upside of up to 39% - 5 months ago
After what can be described as a short phase of correction, mid-caps are once again on a roll. Both in terms of market breadth and absolute gain, midcap are leading the rally. The valuations which were high have moved even higher, so while there cannot be an argument against the liquidity, there are some safeguard which become important before one take exposure to the stocks and especially mid-caps as the correction in this space can be very brutal. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate mid cap space.
Economic Times

Up, Up & Away! 5 stocks with solid gains in last quarter still show room for returns - 5 months ago
A Trendlyne screener shows stocks that have risen over the past quarter with high average Forecaster target price upside in percentage terms. Here's a look at the top 5 stocks:
Economic Times

Multibagger Zomato hits fresh 52-week high on HSBC's target upgrade - 5 months ago
The Zomato stock hit a 52-week high on Thursday after the brokerage HSBC gave an "extremely strong 2023" review on the stock. The company reported profits in back-to-back quarters ended June and September.
Economic Times

Tokyo's Nikkei closes above 35,000 for first time since 1990 - 5 months ago
The benchmark Nikkei 225 index rose 1.77 percent, or 608.14 points, to 35,049.86 -- the first time the index has risen above the 35,000 mark since February 1990 -- while the broader Topix index added 1.57 percent, or 38.39 points to 2,482.87.
Economic Times

Big becomes bigger! Reliance Industries market value crosses Rs 18 lakh crore - 5 months ago
Reliance Industries shares hit a fresh all-time high on Thursday. The market cap of India's largest company also crossed the Rs 18 lakh crore mark. As the Q3 earnings season begins today, Reliance remains on the top of the buying list of major brokerage houses. Goldman Sachs recently increased its target to Rs 2,885 from Rs 2,660 earlier. Jefferies has an even higher target price of Rs 3,125 for the stock.
Economic Times

Infosys, GAIL 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 and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

Senco Gold stock skyrockets 15% on Q3 updates, turns multibagger - 5 months ago
The Senco Gold stock was listed on the exchanges on July 14, 2023, and it closed at Rs 405.30. Since then it has given multibagger returns of 101%. At 10:40 am today, the over 13.43 lakh shares were trading on the NSE with traded value at Rs 109.45 crore.
Economic Times

Nifty50 likely to inch towards 25000; Don’t ignore Gold in 2024: Rishi Kohli - 5 months ago
ETMarkets spoke to Rishi Kohli, CIO - Hedge Fund Strategies at InCred Alternative Investments who has over 21 years of experience in financial markets on learnings from 2023, outlook on Gold and market outlook for 2024.
Economic Times

Tata Power, Shriram Finance 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 Thursday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:
Economic Times

HCLTech Q3 Preview: Revenue to grow better than peers; company may retain FY24 guidance - 5 months ago
The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 crore, and net profit is expected to increase by nearly 7% to Rs 4,085 crore, according to the average of estimates given by 11 brokerage firms.
Economic Times

TCS, Infosys to announce Q3 results today: What to track, how to trade - 5 months ago
TCS and Infosys will release their Q3 earnings today amid expectations of weak numbers. However, bulls believe that this could be the last dull quarter before revenue growth picks up in Q4. Analysts anticipate TCS to deliver 1.5% QoQ cc revenue growth driven by large deal ramp-ups, with margin expansion driven by operational efficiencies. On the other hand, Infosys is expected to see a decline in USD revenue due to seasonal furloughs and the impact of a slowdown in discretionary tech spending.
Economic Times

Harnessing India's mineral riches: A blueprint for mining sector growth - 5 months ago
Recent reforms have made mining a legal entity, promoting transparency and attracting foreign direct investment. The government recognizes the strategic importance of certain minerals and is adjusting policies to attract investment. Mining activities can impact local communities positively, offering employment and infrastructure development. Streamlining processes and focusing on sustainable practices are crucial for unlocking the sector's full potential.
Economic Times

Signal on to let railway stock move up 8% and auto stock by 4% - 5 months ago
Nifty opened flat and refused to show any directional cue in the morning; it also lost some ground. But it surged near close and ended with a gain.
Economic Times

Cochin Shipyard shares slide 5% amid profit booking post stock split - 5 months ago
Shares of PSU defense stock Cochin Shipyard, has gone up nearly three times in the last one year and it traded ex-split on Tuesday.Today's price action has dragged the stock in a strongly overbought zone with momentum indicator MFI hovering near 88 mark while RSI around 76 according to Trendlyne data.
Economic Times

Technical Stock Pick: Breakout from Cup and Handle pattern on Naukri makes it an attractive buy - 5 months ago
Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts.
Economic Times

Polycab plunges 20% as I-T dept detects unaccounted sales of Rs 1,000 crore during raids - 5 months ago
Shares of Polycab, an electrical equipment manufacturer, plunged 10% after the Income Tax department uncovered unaccounted cash sales of about Rs 1,000 crore during a recent raid on the Polycab group. The CBDT revealed that the group, in collusion with authorized distributors, evaded taxes through unrecorded cash sales. Polycab India denied the allegations, asserting its commitment to compliance and transparency.
Economic Times

Hot Stocks: Brokerage view on HCL Technologies, Zomato, Bank of India and Bharti Airtel - 5 months ago
Jefferies maintained a buy rating on Bharti Airtel and raised the target price to Rs 1300 from Rs 1085 earlier. The brokerage firm retained an underperform rating on Indus Tower but raised the target price to Rs 160 from Rs 150 earlier.
Economic Times

Fundamental Radar: What makes Adani Ports a preferred bet in transportation space? Amit Agarwal explains - 5 months ago
Adani Ports and Special Economic Zone experienced a 23% growth in cargo volumes, reaching 311 million tonnes during the nine months ended December. The company has raised its FY24 target and expects to handle over 400 million tonnes in that year. Adani Ports is projected to achieve a 20% organic volume growth in FY24, surpassing the market growth rate of 8%.
Economic Times

What makes Adani Ports a preferred bet in transportation space? Amit Agarwal explains - 5 months ago
Adani Ports and SEZ saw a healthy 23% growth in cargo volumes during the nine months ended December to 311 million tonne, which prompted the company to raise its FY24 target. Further, the leverage position of the Group has improved significantly. Given the strong growth prospects, the company is a preferred bet in the transportation space, says Amit Agarwal of Kotak Securities.
Economic Times

Sensex rises 250 points, Nifty above 21,700; Shriram Finance gains 5% - 5 months ago
Sensex climbs 250 points, Nifty above 21,700; Shriram Finance rises 5%, Polycab tanks 10%; Axis Bank, Bajaj Finserv, M&M are some of the other gainers in the morning trade.
Economic Times

Sensex climbs 250 pts, Nifty above 21,700; IT bluechips in focus ahead of earnings - 5 months ago
From the Sensex pack, Axis Bank, Bajaj Finserv, Reliance Industries, Bajaj Finance, and NTPC opened in the green, while only Infosys, HCL Tech, and Wipro opened in the red.
Economic Times