SEBI allows short-selling by all investors; F&O stocks also eligible - 6 months ago
Institutional investors will not be allowed to do day trading. This means all transactions would be grossed for institutional investors at the custodians’ level. The custodians, however, will continue to settle their deliveries on a net basis with the stock exchanges.
Economic Times

$383-billion rout! Why are Apple shares leading the US tech wreck? - 6 months ago
The largest tech stocks that lifted the US market last year are having a chilly start to 2024. Apple, Amazon, Alphabet, Microsoft, Meta Platforms, and Tesla, among others, have slipped in all trading sessions so far this year. But it's Apple that has taken the biggest slice of this bad pie.
Economic Times

Tech View: Nifty may find resistance around 21,800-21,850 next week. What should traders do? - 6 months ago
The short-term uptrend status of Nifty remains intact, but the market is likely to find resistance around 21,800-21,850 levels in the coming sessions. A decisive move only above 21,850-21,900 levels could open the next upside target of 22,200 levels. Any dips from here could find support around 21,500, said Nagaraj Shetti of HDFC Securities.
Economic Times

Paytm, Dabur India among BofA Securities’ top 10 stock picks in APAC basket - 6 months ago
The global brokerage firm has a “buy” rating for Paytm stock as it finds risk-reward favourable, especially after the recent underperformance. In the last three months, the stock has corrected 25%, whereas benchmark Nifty 50 gained 10%.
Economic Times

Dhampur Sugar Mills to buy back 10 lakh equity at Rs 300 per share - 6 months ago
​ Dhampur Sugar Mills on Friday said its board has approved a buyback of 10 lakh fully paid-up equity shares at Rs 300 each in cash.
Economic Times

Sensex extends gains for 2nd straight day, gains 179 pts; Nifty tops 21,700; IT stocks shine - 6 months ago
Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Friday, following gains in IT, tech and capital goods shares amid fresh foreign capital inflows. After slipping briefly during the late afternoon trade, the 30-share BSE Sensex made a quick recovery and jumped 178.58 points or 0.25 per cent to settle at 72,026.15. During the day, it soared 308.91 points or 0.42 per cent to 72,156.48. The Nifty climbed 52.20 points or 0.24 per cent to 21,710.80.
Economic Times

InCred has a 'reduce' tag for these 3 stocks; here's why - 6 months ago
Brokerage InCred in a recent report shared three stocks on which it has a reduced rating. The list includes some prominent names like IndiGo and Tata Steel. Look, what the brokerage said about these stocks:
Economic Times

Sensex rises 179 points riding on IT stocks ahead of quarterly results - 6 months ago
Among the Sensex stocks, TCS, L&T, Infosys, HCL Tech, and HUL closed higher, while Nestle, JSW Steel, Kotak Bank, Sun Pharma, and Asian Paints ended lower. Suzlon Energy shares closed in 5% upper circuit after the company bagged a new order for the development of a 225-MW wind power project from Everrenew Energy Private Ltd.
Economic Times

Realty stocks add 30% gains in the first week of 2024; what’s buzzing? - 6 months ago
Realty stocks to buy, realty index , S&P BSE Real Estate index, Realty stocks, Real estate stocks, Godrej Properties, The Phoenix Mills, Prestige Estates Projects, Sobha
Economic Times

European stocks drop at open - 6 months ago
Europe's main stock markets lost ground in opening deals on Friday, as cautious investors awaited key US payrolls data. Attention now turns to the release later Friday of the closely watched non-farm payrolls report, which could play a major role in Fed decision-making. rfj/ach
Economic Times

Tata Consumer Products, Airtel among 6 Nifty50 stocks that hit new 52-week high on Friday - 6 months ago
Indian benchmark equity indices rose for the second session in a row on Friday, led by a jump in auto and IT stocks. Meanwhile, during this rally, six Nifty50 stocks hit new 52-week highs. Here's a list:
Economic Times

The power of balance sheet will finally matter in EVs: 7 auto stocks with upside potential of up to 53% - 6 months ago
If one looks at reasons for the out-performance of stocks like TVS motors and Tata motors, a large part of it can be attributed to their moving early into EV space. Now let’s go back a couple of years. What dominated the headlines was the XYZ startup focused on EV space has become a unicorn because it has raised US $ 20 million at such and such valuations. Here we need to make a distinction between the total amount raised which will go into operation of the company and the valuations. The total amount which is real business is just Rs 150 crore, though the valuation has crossed more than a US $ one billion dollar. Valuations don't run business, they only get headlines. It is cash which a company will be able to pour into EV business and price wars which are bound to take place in the long term which will decide the final winner.
Economic Times

Kaveri Seed announces Rs 325 crore share buyback at 9% premium - 6 months ago
​The Board of Kaveri Seed Company has approved a buyback of shares worth Rs 325 crore through the tender offer route. The buyback price is fixed at Rs 725, which is at a 9% premium to the current levels.
Economic Times

Alok Industries shares zoom 51% in four days post RIL investment - 6 months ago
"The company has subscribed to 3300,00,00,000 9% non-convertible redeemable preference shares of Re 1/- each of Alok Industries, for cash at par, aggregating Rs 3,300 crore," RIL said in a filing. The acquisition of these preference shares is a related party transaction approved by shareholders of RIL and is on an arm's length basis.
Economic Times

Will NTPC, NHPC and Power Grid benefit from CERC's draft tariff regulations? - 6 months ago
While Jefferies in its review of power utility stocks has said that the regulations will likely have a limited impact as it remained positive on the prospects of the sector. In its view, the regulated returns on equity (ROE) for the thermal power segment will remain unchanged at 15.5%.
Economic Times

Asian equities attract largest inflows in 7 years as cenbanks shift monetary policy - 6 months ago
According to stock exchange data from Taiwan, South Korea, India, Indonesia, the Philippines, Thailand and Vietnam, foreign investors bought a net $26.62 billion worth of stocks last year, the most since 2016.
Economic Times

First bell for contrarian and tactical investors: These IT stocks can gain up to 19% in one year - 6 months ago
Year 2024, started with contrarian buy call by note by a large foreign brokerage and the impact on the IT stocks is visible as they stand out in green territory. One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. It is after a long period of time that IT stocks have reacted to positive news. When news is bad and most are skeptical it is time to look at businesses which have a track record of delivering and have strong balance sheets but due to some reason out of favour. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

Bharat Electronics: Bullish to sideways - 6 months ago
Bharat Electronics’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 160 and 190. Let’s plan a trade around this.
Economic Times

Demat account openings at record high, total accounts near 14 crore mark - 6 months ago
The number of new Demat account openings is directly proportional to the surge in stock prices. Typically, a bull market attracts more number of new investors and whenever the market hits a rough patch the number of active traders and investors also tends to decrease.
Economic Times

IPOs worth Rs 4.2 lakh crore have hit Dalal Street in last 11 years - 6 months ago
Through initial public offerings (IPOs), companies raised Rs 4,20,582 crore over 2013-2023, including both main board and SMEs. The year 2021 saw the highest fundraise from the primary market with Rs 1,19,469 crore in the last 11 years. Take a look:
Economic Times

Century Textiles shares shoot up 20% in 2 sessions. Here’s why - 6 months ago
Shares of Century Textiles and Industries have surged over 20% in two sessions after the Aditya Birla Group company informed exchanges about a clutch of investors visiting its flagship real estate project 'Birla Niyaara' on Thursday.
Economic Times

HAL climbs 6% to fresh 52-week high, joins Rs 2 lakh crore club - 6 months ago
HAL stock hit a new 52-week high of Rs 3,078.8 in today's trade after brokerage UBS initiated coverage on the stock with Buy rating and target price of Rs 3,600.
Economic Times

An NBCF and a PSU bank for 5 to 6 % trading gains - 6 months ago
The markets remained in a rising trajectory for most of the day. The last hour of the session saw the trend getting stronger; the headline index closed with a net gain of 141.25 points (+0.66%).
Economic Times

Gautam Adani is back as India's richest billionaire, beats Mukesh Ambani - 6 months ago
In pre-Hindenburg days, Adani's wealth saw a gravity-defying one-way movement that took him to the position of the world's second richest man for a brief period. However, life changed after US-based short-seller Hindenburg Research brought out an explosive report on January 24 claiming that the Adanis were indulged in the biggest con in corporate history.
Economic Times

Indian Hotels, Britannia among 5 stocks with short buildup - 6 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 Friday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

New Year, New Rhythms: The rupee's destiny to 82.50 amid RBI's tactical moves and liquidity challenges - 6 months ago
As there was a dollar and Rupee liquidity mismatch in the system, the local currency failed to track the fundamentals and the weaker dollar index.
Economic Times

Nomura releases Nifty’s 2024 target, picks 6 small and midcap stocks - 6 months ago
"Our Nifty target of 24,260 is based on 20x Dec 2025F earnings and represents a 12% potential upside from the current level," said analysts at Nomura.
Economic Times

Tata Power, Hindustan Aeronautics among 5 stocks with long buildup - 6 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

5 reasons why 2024 year will be better for IPOs compared to 2023: Shailesh Saraf - 6 months ago
ETMarkets spoke to Shailesh Saraf, smallcase Manager & MD - Dynamic Equities Pvt Ltd on primary markets in the year 2024 as well as SME space.
Economic Times

Technical Stock Pick: Why long-term investors should not ignore Pidilite Industries; hits fresh 52-week high in January 2024 - 6 months ago
The specialty chemical stock hit a 52-week high of Rs 2792 on 3rd January 2024. It has risen more than 4% in a week, and over 13% in the last 3 months.
Economic Times

NHPC shares soar 12% in two sessions. Here’s why - 6 months ago
The NHPC stock has been getting significant investor attention and trading with significantly high volumes. On the NSE, over 2.25 crore shares were trading around 9:35 am. The traded value of the stock on the NSE stood at Rs 166 crore. On the BSE, the counter saw a spurt in volumes by 1.31 times.
Economic Times

Kay Cee Energy shares list at 367% premium on NSE SME platform - 6 months ago
The public offer of Kay Cee Energy and Infra was subscribed 959 times at close. The company received bids for over 200 crore shares against a partly 29.5 lakh shares on offer. The retail and NII parts of the issue were booked 1,600 times and 1,300 times, respectively. Meanwhile, the QIB portion was subscribed 127 times.
Economic Times

Fundamental Radar: Why risk-reward in Lupin remains favourable even after 80% run-up? - 6 months ago
The company’s US business was adversely impacted by regulatory issues. However, with clearance for the formulation sites, the product pipeline could continue to unfold over the next 3-4 years for the drugmaker.
Economic Times

Maggi-maker in Splitsvilla! Nestle shares start trading ex-split, fall 2% - 6 months ago
The 1:10 split made the per share price of Nestle reduce by 90% as those owning one share of the company as of the record date of January 4 were left with 10 shares.
Economic Times

Hot Stocks: Brokerages view on HAL, Bajaj Finance, ICICI Bank and M&M Financial Services - 6 months ago
UBS initiated coverage on HAL with a buy rating and a target price of Rs 3600. HAL is a credible defence compounder in the making, it said.
Economic Times

Rs 29000 crore bite! Apple pie of FPIs on D-Street gets biggest share in December - 6 months ago
Foreign portfolio investors (FPIs) bought Indian equities worth Rs 1.77 lakh crore in 2023, the highest-ever by them in history, in rupee terms.
Economic Times

Sensex jumps 300 points, reclaims 72K ahead of Q3 earnings season; Nifty above 21,700 - 6 months ago
From the Sensex stocks, NTPC, Wipro, M&M, UltraTech Cement, and TCS opened in the green, while Nestle, Sun Pharma, Asian Paints, and IndusInd Bank opened in the red.
Economic Times

Nifty target for 2024: Can market trek up to 25,000 or will fall below 20K? - 6 months ago
Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE on FY26E EPS of Rs 1,250 per share with corresponding Sensex target set as 83,250
Economic Times

Sensex reclaims 72,000 mark, Nifty above 21,700; NHPC rallies 7%, Nestle drops 2% - 6 months ago
Opening Bell: Sensex rises 300 points, reclaims 72K; Nifty above 21,700; NHPC rallies 7%, Nestle drops 2%.
Economic Times

IVCA seeks more time for lenders to comply with RBI rules - 6 months ago
"The industry body has suggested extending the timelines from 30 days to six months, with varying durations for NBFCs and banks, based on their exposure to AIFs," said a source.
Economic Times

Buy or Sell: Stock ideas by experts for January 05, 2024 - 6 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 Bandhan Bank and DCB Bank while Vaishali Parekh has a buy/sell recommendation on Jupiter Wagons and Tata Chemicals for today's trading session. Check out the targets and stoploss.
Economic Times

S&P, Nasdaq extend year-start skid to three; Dow higher on financials - 6 months ago
The S&P 500 and Nasdaq Composite closed lower on Thursday, extending their losing streak that kicked off 2024, although the Dow Jones Industrial eked out a win on the back of financial stocks and strong jobs data.
Economic Times

Global stocks set to snap 9-week winning streak on Fed repricing - 6 months ago
Asian stocks wobbled on Friday, keeping global equities on track to snap a nine-week winning streak, while the dollar was poised for its strongest weekly advance since mid-July as bets on aggressive Federal Reserve rate cuts were rolled back.
Economic Times

Big movers on D-Street: What should investors do with Bajaj Auto, Sobha and Adani Ports? - 6 months ago
Stocks that were in focus include names like Bajaj Auto, which fell 0.81%, Sobha, which jumped 15.8%, and Adani Ports, whose shares jumped 2.5% on Thursday.
Economic Times

Stock Radar I Buoyancy in commodities price likely to keep momentum going in Tata Steel: Ajit Mishra - 6 months ago
“The buoyancy in the commodities prices combined with the upbeat chart structure is pointing towards a steady rise ahead in Tata Steel. Traders can buy for a target of Rs 175 in the next 1-2 months,” says Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.
Economic Times

Realty index closes at 15-year high, 'stocks a buy on dips' - 6 months ago
Shares of Bengaluru-based Sobha jumped 15.82% to an all-time high closing of Rs 1,296.60 after brokerage Motilal Oswal Financial set a price target of Rs 1,400 on the stock while rating it as one of the top picks for 2024.
Economic Times

A power hungry India makes NTPC stock a clear winner - 6 months ago
The company's dominant position in the thermal power space and the plan to up capacity for renewable energy manyfold in the next few years are seen benefiting the state-owned power producer, whose stock ended as the best performer on the Nifty 50 on Thursday at ₹317.10, up 3.6% from the previous close. The stock hit a lifetime high of ₹321.75 earlier in the day.
Economic Times

Financial services stocks remain top FPI pick in December - 6 months ago
The sector received ₹6,277 crore in the period between December 16 and 30, according to the data from National Securities Depository Limited (NSDL). In the December 1-15 period, these stocks attracted ₹22,891 crore.
Economic Times

Stocks in news: Dabur, Grasim, Lupin, RBL Bank, Waaree Renewable Tech - 6 months ago
Grasim Industries said that it will issue shares on a rights basis at Rs 1,812 per share and has set January 10 as the record date.
Economic Times

IVCA seeks more time for lenders to comply with Sebi's AIF rules - 6 months ago
"The industry body has suggested extending the timelines from 30 days to six months, with varying durations for NBFCs and banks, based on their exposure to AIFs," said a source.
Economic Times