​Asset management company Artisan Partners on Wednesday divested a 1.2 per cent stake in telecom infrastructure major Indus Towers for Rs 717 crore through an open market transaction.

Domestic brokerage Axis Securities in its latest report has listed its top midcap and smallcap picks. These bets can deliver up to 22% return in the near term. Here’s the list

China's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world's second-largest economy.

Benchmark stock indices Sensex and Nifty closed flat in a volatile trade on Wednesday as investors stayed on the sidelines ahead of RBI's interest rate decision on Thursday. The 30-share BSE Sensex declined 34.09 points or 0.05% to settle at 72,152. During the day, it hit a high of 72,559.21 and a low of 71,938.22.The Nifty ended marginally up by 1.10 points or 0.01 per cent to 21,930. The equity indices surrendered the morning's gains at close, dragged by IT stocks. "The short-term trend of Nifty continues to be positive. All eyes are on the outcome of the RBI policy, which is expected to be out Thursday by around 10 am. There is a higher possibility of an upside breakout of 21,950-22,000 mark in the short term. Immediate support is at 21,750," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Thursday:

The Dow Jones Industrial Average rose 92.53 points, or 0.24%, at the open to 38,613.89. The S&P 500 opened higher by 18.82 points, or 0.38%, at 4,973.05

Vedanta Base Metals CEO Chris Griffith said on Wednesday the company is talking to a range of financing partners to raise money for a restart of its Konkola Copper Mines unit in Zambia, including the sale of a minority stake in KCM.

The Tata Group exceeded Rs 30 lakh crore in market value for the first time on Tuesday after the century-old conglomerate's software bellwether surged to a lifetime high. Here's how it stacks up versus other conglomerates and also other details on its m-cap journey: (Source: TOI)

Sebi data shows that over 70% of the Demat accounts held singly in the country have no nominations, posing a challenge for their legal beneficiaries to claim the assets.

Nifty on Wednesday ended flat with a gain of just one point and formed a small negative candle with a lower shadow on the daily chart ahead of the RBI policy outcome tomorrow.

Buying was seen in media, PSU banks and realty stocks while Nifty IT ended 1.25% lower. SBI ended 4% higher while TCS, Infosys and Tech Mahindra ended 1-3% lower.

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 Wednesday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

Short-covering refers to the buying of shares to close an existing short position or a position that has been sold. It signals a shift in the view regarding a security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short-covering. Here's the list:

LIC, which was struggling to cross its IPO price of Rs 949 in 2022, has now breached the Rs 1,000 mark with analysts gunning for more gains ahead on expectations of growth revival in FY25. The possibility of a steep change in dividend will continue to support its share price performance.

The price action was accompanied by huge volumes with over 30.71 lakh shares changing hands on the NSE around 2:10 pm. On the BSE, the volume spurt was nearly 6 times.

The 30-share BSE benchmark Sensex fell 34 points or 0.05% to settle at 72,152. The broader NSE Nifty rose 0.01% to end at 17,930. From the Sensex stocks, SBI was the top gainer, rising over 4%. JSW Steel, Bajaj Finance, Nestle, Axis Bank, and Asian Paints also closed higher, while Tech Mahindra, Power Grid, Infosys, TCS, and HDFC Bank closed in the red.

The price action was accompanied by huge volumes with over 30.71 lakh shares changing hands on the NSE around 2:10 pm. On the BSE, the volume spurt was nearly 6 times.

Gensol Engineering's Board of Directors approved issuing 1.03 crore warrants with a face value of Rs 10 per share, each carrying a right exercisable by the warrant holder to subscribe to one equity share per warrant in one or more tranches.

Indian shares advanced on Wednesday, led by financial services stocks and tracking their Asian peers. An earnings-led rise in real estate stocks also lent support. Meanwhile, in Wednesday's trade, 6 Nifty50 stocks hit new 52-week highs. Here's the list:

It might surprise some, but years before a new car or motorcycle is launched, automakers go in huddle with their backend supplier to finalize the supply chain management of components which will go in that new car or the bike. Until the component supply chain is not planned and perfected, things are not taken forward. Such is the importance of the backend component supplier which are more commonly known as auto ancillary units. Now there is a major transition taking place in the Automobile sector with EV coming close to that inflection point. So a transition is bound to take place in the auto ancillary sector.

Revenue from operations rose 8% year-on-year (YoY) to Rs 4,584 crore in the reporting fourth quarter. The company follows a January-December financial year.

The decision was taken by TRF's Board on Tuesday, which approved the withdrawal of the scheme. The Board of Directors of Tata Steel has also consented to the withdrawal of the scheme, the filing said.

LIC's share by value in NSE-listed companies listed dropped to 3.64% as on December 31, 2023, from 3.73% as on September 30, 2023, but in value terms, the holding rose 11% to Rs 13 lakh crore, according to data from PRIME Database. In value terms, the PSU's biggest bets are RIL, ITC, TCS, HDFC Bank, Infosys, L&T, SBI, ICICI Bank, IDBI Bank, and HUL.

On Wednesday, the stock jumped by 10% on the intraday basis amid strong volumes to fresh 52-week high of Rs 28.05. At 12:35 pm, 76.84 crores were trading on the NSE. The traded value of the shares stood at Rs 2,063.38 crore.

Shares of PSU banks jumped up to 13% on Wednesday ahead of Thursday's monetary policy meeting by the Reserve Bank of India (RBI) where the Central Bank is expected to strike a dovish note. Moreover, bond yields drifted lower on Wednesday which led to heightened investor enthusiasm.

Tokyo's blue-chip Nikkei shares drifted lower on Wednesday as investors digested corporate earnings. The benchmark Nikkei 225 index eased 0.11 percent or 40.74 points to end at 36,119.92, while the broader Topix index added 0.42 percent, or 10.70 points, at 2,549.95. hih/kaf/aha

The Nifty 50 hit a low at open but found energy to move forward. It largely stayed in that direction and ended in the profit zone.

Tata Consumer Products’ 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 1100 and 1200. Let’s plan a trade around this.

Lower oil prices, softer inflation, better than expected GDP numbers, clear indication of interest rates coming down, policy continuity and finally strong price action by the bulls. There are many reasons for the current state of the smallcap segment. Whatever the conditions or tailwinds, one basic principle should never be forgotten. When it comes to equity as an asset class, smallcaps are always the riskiest place to take exposure so always be cautious. On the other hand, if one can find right smallcap stock at the right time, gains are much higher. But it is not an easy task to find the right stock. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks and lists stocks that fulfill the various criteria as specified in the algorithms & filters to find those that might help navigate the market.

The crypto market stayed stable, with ETH showing stronger performance compared to BTC, as indicated by the rising ETH/BTC pair, said CoinDCX Research Team.

In Q3 FY24, Adani Green's consolidated net profit more than doubled to Rs 256 crore. The same was at Rs 103 crore in the last year quarter.

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

Jefferies, Nuvama and JM Financial have reiterated their buy views on the Nykaa shares while Kotak Institutional Equities has suggested an 'Add' rating. Meanwhile, Japanese brokerage Nomura has maintained a neutral stance on the counter.

Short-term traders can look to buy the stock now or on dips for a possible target above 600 levels in the next 3-4 weeks.

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:

There are phases in the market when banking and IT stocks tend to move in opposite directions. But this time, it is the banking space which itself is witnessing contra moves . The private banking space is under pressure and PSU banks are doing well. Now this is again a risker trade but for traders, it is time to keep a watch on private banks as they might see a bounce back when FPI’s turn net buyers. Also this would mean that bank nifty which has underperformed may make a strong comeback. Before taking any sell decision in the private banking space, one should remember that the banks in question have created wealth in the long term and even the best of the wealth creators go through a phase of consolidation and what might appear to be a phase of under performance.

ANMI’s nod comes in the wake of NSE's proposal to extend trading hours for index futures & options (F&O) from 6 pm to 9 pm.

The 56-pack BSE PSU index has seen its total market value soaring 66% to Rs 59.5 lakh crore, giving investors a profit of Rs 23.7 lakh crore on current market prices. None of the PSU stocks in the list have given negative returns since PM's speech less than 6 months ago. Even the worst performer SBI is up 12% while the top gainer NBCC has skyrocketed 249% in no time.

The issue received robust response from investors where it was subscribed 246 times. The part reserved for retail investors was subscribed 120 times and other investors were booked 361 times. The IPO was entirely a fresh equity issue of up to 7.98 lakh equity shares aggregating to Rs 8.06 crore.

Increased share of retail loans is driving higher net interest margins (NIMs) for the company and return ratios are also improving.

The approval from Canara Bank's board on the stock split will be subject to prior approval of the Reserve Bank of India (RBI) and other statutory or regulatory approvals, the filing said further. Canara Bank shares ended at Rs 522 on the NSE on Tuesday, higher by Rs 1.75 or 0.34% over the previous closing.

Among the Sensex stocks, Axis Bank, SBI, Asian Paints, Titan, and M&M were the top gainers, rising 1-2%. Power Grid, Infosys, Wipro, HCL Tech, and Tech Mahindra opened lower.

Following three days of non-stop selling in lower circuits which led to 42% crash in the stock, Paytm shares ended 3% higher yesterday. At this stage, Paytm shares are solely guided by investor sentiment around the regulatory trouble and Indian fintech poster boy's capability to tackle it.

Jefferies maintained a buy rating on Godrej Properties post Q3 results but raised the target price to Rs 2700 from Rs 2635. “Sales surge preceding margin jump. The company reported back-to-back record pre-sales quarters and a strong launch pipeline for Q4,” Jefferies said.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The approval from Canara Bank's board on the stock split will be subject to prior approval of the Reserve Bank of India (RBI) and other statutory or regulatory approvals, the filing said further. Canara Bank shares ended at Rs 522 on the NSE on Tuesday, higher by Rs 1.75 or 0.34% over the previous closing.

Shares of New York Community Bancorp lost 22% on Tuesday, extending a sell-off since the lender reported a surprise quarterly loss last week, as Moody's downgraded its long-term debt ratings to junk status

Stocks that were in focus included names like YES Bank, which rose 11.62%, PB Fintech, which fell 6.15%, and Fortis Healthcare, whose shares increased 4.3% on Tuesday.

Asian stocks firmed on Wednesday as investors waited to see if Beijing's increasingly frantic efforts to prop up its sagging share markets would actually work, while bonds enjoyed a reprieve from recent selling.

DBS Group, Singapore's biggest bank, maintained guidance for net interest income for 2024 at around last year's levels after posting a 2% rise in fourth quarter net profit, beating expectations.

Minneapolis Fed President Neel Kashkari said the central bank is "not done yet" with inflation although he noted it had come down quickly with three-month and six-month inflation data "basically" at the Fed's 2% goal.