Japan's Nikkei ends flat as chip gains counter Uniqlo owner's retreat - 6 months ago
Japan's Nikkei share average closed little changed on Tuesday, as gains in chip-related stocks offset declines by heavyweights such as Uniqlo-owner Fast Retailing and Nissan Motor.
Economic Times

RVNL shares climb 7% on signing MoU with Airports Authority of India - 6 months ago
"RVNL has signed MoU with Airports Authority of India (AAI) for construction of subway/underpass to connect the operational area to the Airport Authority of India residential colony in Kolkata," the company said in an exchange filing.
Economic Times

GQG Partners' contra bet on Adani Group pays off as investment value doubles to Rs 35,000 cr in a year - 6 months ago
Despite initial challenges, Adani Group's stocks saw significant growth post the Hindenburg report. Investments by GQG Partners, under Rajiv Jain's lead, doubled in value. The group's strategic decisions and market developments fueled this remarkable recovery.
Economic Times

ICICI Pru, HDFC AMC 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 Tuesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:
Economic Times

Power Grid, Trent 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 Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

Hot Stocks: Brokerage view on Indigo, HDFC Bank, Godrej Consumer and Dr Lal PathLabs - 6 months ago
Brokerage firm Kotak Institutional Equities upgraded Dr. Lal PathLabs, Investec maintained a buy rating on Godrej Consumer, CLSA maintained an outperform rating on HDFC Bank and Jefferies upgraded InterGlobe Aviation to hold.
Economic Times

Fundamental Radar: Why is ITC a preferred largecap play in volatile market? Kaustubh Pawaskar explains - 6 months ago
Sharekhan by BNP Paribas recommends ITC, a largecap company, for its growth plan, steady balance sheet, and favorable valuation. With a "buy" rating and price target of Rs 515, it offers over 20% upside potential.
Economic Times

Rs 35,000-crore profit! Contra bet by GQG Partners on Adani Group pays off in a year - 6 months ago
On March 2, 2023, GQG Partners acquired stakes in Adani Enterprises, Adani Ports and Special Economic Zone, Adani Energy Solutions (erstwhile Adani Transmission), and Adani Green Energy for a cumulative value of Rs 15,446 crore.The market value of Jain’s investments in the companies has more than doubled to Rs 34,489 crore in a year.
Economic Times

4-5% gains likely from this pharma stock and a chemical company - 6 months ago
Nifty opened on a negative note and slowly crawled inside the positive territory. It remained there at close.
Economic Times

HDFC Life shares jump 3% after IRDAI's surrender regulations soothe Street's nerves - 6 months ago
The Insurance Regulatory and Development Authority of India (IRDAI) has notified new product regulations that include guidelines for revised guaranteed surrender value (GSV) of life insurance policies.
Economic Times

Mankind Pharma stock falls 3% as PE investors likely sell 1.3 crore shares - 6 months ago
PE firm ChrysCapital's affiliate entity Beige Ltd was reported to have issued a term sheet via its broker to sell up to 1.16 crore shares of Mankind Pharma at a price range of Rs 2,103.21 to Rs 2,214 per share.
Economic Times

Fundamental Radar: Why is ITC one of preferred largecap play in a volatile market? Kaustubh Pawaskar explains - 6 months ago
In a volatile market environment, higher preference is given to quality largecap companies, and ITC is one of the preferred names as it has carved its growth plan very prudently by focusing on growing the core business, building up the emerging business, and investing in new vectors in the coming years, says Kaustubh Pawaskar of Sharekhan by BNP Paribas.
Economic Times

Technical picks: Bajaj Finserv, LTIMindtree among 8 stocks that can rally up to 22% in short term - 6 months ago
India's blue-chip indices Nifty and Sensex surged marginally on Friday last week, led by auto, financial, and metal stocks. Meanwhile, a host of analysts shared their tech views on several stocks, which may gain up to 22% in the near term. Here is a list of 8 tech picks from various analysts:
Economic Times

HDFC Bank, RIL drag Sensex 200 pts lower; Nifty below 22,100 - 6 months ago
The BSE Sensex was trading 240 points or 0.33% lower at 72,603. Nifty50 was trading at 22,045, down 51 points or 0.23% at around 9.18 am.
Economic Times

US equities subdued after strong week, investors assess Fed rate path - 6 months ago
Last week, the Fed maintained its guidance for three interest-rate cuts this year, and the S&P 500 and Dow had strong gains while the Nasdaq notched its biggest weekly percentage gain since mid-January.
Economic Times

Big movers on D-Street: What should investors do with Infosys, Wipro and IREDA? - 6 months ago
Stocks that were in focus include names like IREDA, which rose 5%, Infosys, which declined 3%, and Wipro, whose shares fell 2.5% on Friday.
Economic Times

Stocks hemmed in by rate risks; yuan wobbles - 6 months ago
The risk of Japan intervening to prevent further falls in the yen put a little pressure on the dollar, however it rose against the yuan on speculation that China may tolerate a weaker currency.
Economic Times

Profit booking could weigh on Nifty - 6 months ago
According to analysts, profit-taking may resume until the index decisively reclaims 22,200.
Economic Times

Hedge funds flock to Europe, ditch US stocks - 6 months ago
The S&P 500 trades at 21 times forward earnings estimates, while European equities are trading at 14 times, BofA Securities showed.
Economic Times

Reddit options launch draws bulls, as shares soar - 6 months ago
Reddit shares soared 48% on the New York Stock Exchange as the company went public on Thursday, despite posting no annual profit since its launch in 2005.
Economic Times

In India's sizzling stock market, consumer stocks rise 18% but are laggards - 6 months ago
Stock prices of consumer firms selling soap, hair oil and refrigerators are seeing double-digit gains but are still lagging benchmark Indian stock indexes as low income growth and volatile inflation hurt demand for everyday goods. Meanwhile, luxury goods are flying off the shelves.
Economic Times

Tata Capital raises $200 million via overseas term loans - 6 months ago
The company has the flexibility to price the loan 120 basis points above the one-month, three-month or six-month Secured Overnight Financing Rate (SOFR), in line with the market movement. The loan is part of the company's regular borrowing programme. One basis point is 0.01 percentage point.
Economic Times

Equities subdued after strong week, investors assess Fed rate path - 6 months ago
Last week, the Fed maintained its guidance for three interest-rate cuts this year, and the S&P 500 and Dow had strong gains while the Nasdaq notched its biggest weekly percentage gain since mid-January.
Economic Times

Oil prices extend upward momentum on expectations of tighter supply - 6 months ago
Russia told its oil companies to reduce output to meet an Organization of Petroleum Exporting Countries (OPEC) target of 9 million barrels per day (bpd). In late February, Russia had been producing about 9.5 million barrels per day.
Economic Times

Saluja-led Religare suffers setback as shareholders reject two proposals - 6 months ago
Corporate watchers said the decision by shareholders is significant given that the Burmans have announced an open offer to acquire an additional 26% of Religare's equity, a move opposed by the company's management. Currently, Religare does not have founder shareholders and is owned by the public.
Economic Times

Pallavi Shroff not to seek renewal of term as director on Asian Paints board - 6 months ago
In a stock exchange disclosure, Asian Paints Saturday said Shroff has informed the board of directors she will not be able to continue for a second term of appointment as an independent director of the company on account of several new projects her firm has undertaken, projects that demand greater professional and time commitments.
Economic Times

Stocks in news: Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates - 6 months ago
Global rally prompted a surge in domestic equities after US central bank hinted at rate cuts. Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates, JSW Energy, Ambuja Cements, Sanghi Industries, RIL, Vedanta, Paytm, Tech Mahindra, Paradeep Phosphates, Maruti Suzuki, RVNL in focus.
Economic Times

Stock Radar: Breakout from downward sloping channel makes SRF an attractive buy, says Shitij Gandhi - 6 months ago
“SRF stock's historical movement over the last 15 months indicates consolidation within a broader range of 2600-2200 zone. Traders can buy for a target of Rs 2900 in the next 5-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

Stock Radar: SRF breaks above downward sloping trendline on weekly charts; time to buy? - 6 months ago
SRF Ltd broke above downward sloping trendline resistance, hitting a record high in September 2022. In terms of price action, the stock found support above 2000 levels before rising over 4% in a week. The stock is now trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. Short-term traders are advised to buy for a 2900 target.
Economic Times

US stocks slip as holiday-thinned week begins - 6 months ago
Traders now see a nearly 71% chance of the Fed bringing in the first cut in June, according to the CME FedWatch tool, up from around 55% at the start of last week. At 11:38 a.m. ET, the Dow Jones Industrial Average was down 105.96 points, or 0.27%, at 39,369.94, the S&P 500 was down 7.90 points, or 0.15%, at 5,226.28, and the Nasdaq Composite was down 18.32 points, or 0.11%, at 16,410.50.
Economic Times

US stocks start holiday-shortened week lower; Boeing limits losses on Dow - 6 months ago
Wall Street indexes declined as investors awaited Fed officials' comments and inflation data. Boeing rose on CEO resignation. S&P 500, Dow had best weekly gains. Good Friday, PCE price index, GDP mentioned. March consumer confidence, Nasdaq Composite, United Airlines added. Philadelphia Semiconductor Index, cryptocurrency stocks, and Coinbase Global included.
Economic Times

US stocks slip at open, Boeing rally caps losses on Dow - 6 months ago
The Dow Jones Industrial Average fell 65.36 points, or 0.17%, at the open, to 39,410.54.
Economic Times

Ashok Leyland declares interim dividend of Rs 4.95 per share, fixes record date - 6 months ago
The record date for determining the members eligible to receive the interim dividend is fixed as April 3. The said dividend would be paid on or before April 23.
Economic Times

Technical Breakout Stocks: How to trade HEG, Maruti Suzuki and HUL on Tuesday - 6 months ago
The S&P BSE Sensex rose nearly 200 points on Friday while the Nifty50 closed just a shade below 22,100 levels. Sectorally, buying was seen in telecom, realty, auto, healthcare, and capital goods while IT stocks saw some selling pressure.
Economic Times

Up to 6,220% return! 328 stocks turn multibaggers since last Holi - 6 months ago
Within largecaps, top gainers include Bharat Heavy Electricals (206%), REC (270%), Power Finance Corporation (191%), Trent (194%), Zomato (217%) and Adani Green Energy (199%).
Economic Times

FPIs stay focussed on India’s consumption theme despite market volatility - 6 months ago
FPIs heavily invest in India's consumption sectors like auto, FMCG, and telecom. Auto sector leads with 7% weight due to premiumization growth. Stable rural MPCE CAGR at 9.2% indicates long-term consumption trends. The assets under management (AUM) of the consumption stocks in the FPI portfolio rose by 55% to $176 billion over the past 12 months.
Economic Times

Quant Small Cap Fund added 16 new stocks in February while exiting in 12. Check details - 6 months ago
Quant Small Cap Fund(G) showed robust performance with a major portfolio overhaul in February. The fund strategically adjusted its holdings, showcasing a balanced approach. As of March 24, 2024, the fund continues to maintain a diverse portfolio with significant investments in various companies. The scheme is benchmarked against NIFTY Small Cap 250 TRI which has delivered returns of 68.80% over a 1-year period.
Economic Times

Dividend yield is more than just passive income: 6 PSU stocks with 4.14-5.67% yield - 6 months ago
Stock price and dividend yields have an inverse relationship but before this inverse relationship kicks in there is a level of equilibrium. Now this level of equilibrium is a subjective level which moves according to risk free interest rate level which FD provides. But there is another equilibrium level which mathematical equations don't solve. Stocks with reasonable probability of outperforming in a bearish market. The use of the word reasonable brings in the element of subjectivity.
Economic Times

These top 5 performing IPOs of FY24 are still trading above issue price, returning up to 300% - 6 months ago
Fiscal year 2023-2024 saw as many as 88 companies accessing the public markets and most of them made robust debuts. Around 70% of the issues that hit the markets in FY24, are still trading above the issue price. Here are the top 5 performing IPOs in the year. .
Economic Times

Gift Nifty remains open for trading on Holi - 6 months ago
​Gift Nifty, earlier known as SGX Nifty, is open for trading despite being a national holiday on account of Holi. Gift Nifty, which is a futures contract based on the Nifty50 index of NSE, is closed on five days in the entire year.
Economic Times

SRM Contractors IPO opens Tuesday. 10 things to know before subscribing to the issue - 6 months ago
​The initial public offering (IPO) of SRM Contractors will open for subscription tomorrow. The issue closes on March 18. Through the public offer, the company plans to raise around Rs 130 crore. Here are 10 things to know about Krystal Integrated Services IPO before subscribing to the issue.
Economic Times

Market Trading Guide: Bajaj Auto, Sun Pharma among 5 stock recommendations for Tuesday - 6 months ago
Indian shares advanced on Friday, posting weekly gains, helped by a rally fuelled by investor optimism around the Federal Reserve sticking to its rate-easing stance this year. The S&P BSE Sensex closed 0.26% higher at 72,831, while the NSE Nifty50 index ended just below the 22,100 level."The short-term trend of Nifty remains positive. A sharp move above the hurdle of 22200-22300 levels could pull Nifty towards new all-time highs around 22550 levels. Immediate support is at 22880 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Economic Times

Under Pressure! How much MRF, Ceat and other tyre stocks lost in March - 6 months ago
Tyre stocks such as Apollo Tyres, CEAT, MRF, and JK Tyre, among others, have lost up to 21% since the beginning of March as their profitability is under pressure due to surging raw material prices. Take a look at how much have stocks of tyre companies lost in this month so far (Source: Ace Equity)
Economic Times

Turnaround story: 40 smallcaps that lost over 30% in FY23, turn multibaggers in FY24 - 6 months ago
The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most of FY24, the Securities and Exchange Board India (Sebi) turned a party spoiler towards the end.
Economic Times

Asia Pacific markets mixed, China supports Yuan - 6 months ago
Asian equities steady as investors await economic data. China's currency gains, US futures stable. Treasuries, bond yields show little change. Premier addresses economy concerns. Yen strengthens, dollar weakens. Global inflation data monitored.
Economic Times

More Indians in global rich list as Chinese slip, Europeans lag - 6 months ago
Hurun's Rupert Hoogewerf discusses the wealth disparities among Indians, Chinese, and UK individuals. He emphasizes the confidence of Indian businessmen and the growth in the number of affluent individuals on the Hurun India Rich List.
Economic Times

HSBC suggests top midcap picks; deeper drop unlikely - 6 months ago
HSBC's top midcap picks in Mumbai expected to deliver 9%-55% returns this year. Firm sees midcap opportunities in the sell-off, unlikely deep correction in small and midcaps due to a strong domestic economy and market conditions.
Economic Times

As valuations run ahead, time to be selective? 4 real estate stocks with upside potential of up to 20% - 6 months ago
Like business and economic cycles, stock markets also have cycles where they will take a liking to a particular sector in such a manner that valuations will go through the roof. Then comes a phase, where the same sector is thrown down the dumps. Real estate sector is one sector where in 2008, valuations were at their peak. then come and fall and by the start of 2020 valuations were in the dumps. Thanks to many factors, including sudden spurt in demand in covid and post, sector being cleaned both due to pressure from the banks and the impact of new laws like RERA, there was an upswing in the industry. This happened at a time when liquidity was high and we have seen a resurgence of select real estate stocks. If one looks at the announcements coming from the industry about projects getting sold, it indicates that demand is high. Whether the stock prices are already reflecting the rosy picture?
Economic Times

Opportunity in short term headwinds? 4 AMC stocks with upside potential of up to 37% - 6 months ago
While there is always a talk about how many new demat accounts have been opened every few months. But how many folios have got added in the mutual fund industry is something which does not make it to headlines. What makes a headline is just the headwinds, about new rules and regulations or a new competition coming up. But in reality, this fact is that for mutual funds houses or AMC companies, these headwinds are very minor things to handle, because they have the biggest macro tailwind of financialisation of saving, a trend which got really strong post demonetisation. Let's look at the different headwinds and some narratives around them which the AMC industry has dealt with over many years and still come out strong.
Economic Times

DMart among 7 stocks on which brokerages initiated coverage, expected to rally up to 30% - 6 months ago
A host of brokerage firms, including global and domestic, have initiated coverage on several stocks. They are bullish on these companies, which include Avenue Supermarts, JSW Infra, Sula Vineyards, and BEML with a targeted upside of up to 30%. Here is a list of 7 stocks on which brokerages initiated coverage:
Economic Times