Edelweiss ARC, Phoenix ARC, Omkara ARC, and Prudent ARC eye Indian Overseas Bank's loan portfolio. Sets with reserve prices. ARCs conduct due diligence. Bank reports lower non-performing Assets.

Muthoot FinCorp aims to diversify from gold loans to 80% in 3 years, becoming a full-stack financial services provider. Plans include expanding branches, hiring, and offering new services to lower-middle income groups.

Benchmark Nifty rose 0.22%, or 48.85 points, to close at 22,104 while the Sensex gained 0.15%, or 111.66 points, to close at 72,776. Both indices had fallen over 1% each earlier in the day but bounced back mid-way through the session following the senior minister's remarks.

Foreign portfolio investors (FPIs) have sold shares worth over ₹22,000 crore this month after pulling ₹21,524 crore out of Dalal Street in April. More than 100 stocks where FPIs hold over 5% stake as of March 31, 2024, have declined between 10% and 30% in last one month, compared to a 1.7% fall in benchmark Nifty.

Jefferies has maintained its 'Hold' rating while increasing the price target from ₹1,250 to ₹1,400. "We maintain our Hold rating on the stock, as the company continues to falter on key product launches in the US along with inability to meet its own launch guidance while the stock trades at rich valuation of 24x FY26 EPS," said Jefferies' analysts.

The open network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover 'Hero Genuine Parts' by using any buyer apps on the network, such as Paytm and Mystore, among others, Hero MotoCorp said in a statement.

The recent price action also helped Marico stock break out from a 3-year consolidation range. Now, a break above the record high (606) will open room for the stock to head higher towards 650-670 levels. FMCG stocks are in focus amid volatility seen in the markets.

Keith Gill, known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit, was a key figure in the so-called Reddit rally, which saw shares of GameStop surge as much as 21-fold over two weeks in January 2021 before crashing to pre-surge levels in the subsequent days.

Of the 459 S&P 500 companies that reported through Friday, 77.3% beat analysts' profit estimates, according to LSEG data. The long-term average is 66.7%. At 11:24 a.m. the Dow Jones Industrial Average rose 47.17 points, or 0.12%, to 39,560.01, the S&P 500 gained 2.90 points, or 0.06%, to 5,225.58 and the Nasdaq Composite gained 42.66 points, or 0.26%, to 16,383.53.

The company has already secured its board's approval for the issue, which may hit the market by early third quarter of this fiscal, UPL Ltd CFO Anand Vora said at the company's post-Q4 earnings announcement media briefing

Benchmark Sensex and Nifty staged a dramatic rebound on Monday to settle higher following buying in HDFC Bank, ICICI Bank and Tata Consultancy Services. Helped by buying at the fag-end, the 30-share BSE Sensex closed higher by 111.66 points or 0.15% at 72,776.13. The NSE Nifty rose by 49 points or 0.22% to 22,104.05. "Nifty’s recovery may encounter resistance in the 22,150-22,200 zone, and only a decisive move above 22,200 could trigger a stronger rally in the market. On the lower end, support is situated at 21,950," said Rupak De, senior technical analyst at LKP Securities.Here are 5 stock recommendations for Tuesday:

FY24 was a remarkable year for the company with record revenue, profits and dividend helped by superior performance in domestic and overseas businesses. The stock nearly doubled during the year, a reflection of investors’ recognition of its upbeat show. However, the growth is likely to moderate in the near term.

Keith Gill, known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit, was a key figure in the so-called Reddit rally, which saw shares of GameStop surge as much as 21-fold over two weeks in January 2021 before crashing to pre-surge levels in the subsequent days.

Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers. Shriram Finance (SFL) holds a controlling stake in SHFL while private equity firm Valiant Partners L.P. (Valiant), Mauritius, holds the remaining ownership. As a part of this transaction, Valiant will also completely divest its equity stake to Warburg Pincus, the company filing said.

The Dow Jones Industrial Average rose 78.4 points, or 0.20%, at the open to 39,591.28.

The S&P BSE Sensex rallied over 100 points while the Nifty50 closed above the 22,100 level. Sectorally, buying was seen in healthcare, realty and capital goods stocks while public sector, oil & gas, energy and auto stocks saw some selling pressure.

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.

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

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 security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:

The case pertains to ICICI Securities' announcement last year, which allowed delisting and merger with ICICI Bank, with 67 shares of ICICI Bank being offered for every 100 shares of ICICI Securities.

BoB’s net interest income for the full financial year stood at Rs 44,722 crore, an 8.1% uptick over FY23. The operating profit for FY24 was reported at Rs 30,965 crore, a 15.3% year-on-year (YoY) gain.

Indian equity indices surged, with Sensex and Nifty posting gains. Top gainers included Asian Paints, Sun Pharma, HDFC Bank, TCS, Axis Bank. Tata Motors faced downgrades while Cipla reported a significant profit surge in March 2024.

Daniel Kahneman's work highlights the impact of overconfidence in decision-making processes, urging individuals to combat biases through critical thinking, data-driven analysis, humility, and expert consultations for informed and confident decisions in financial matters.

Following a sudden 20% plunge below the 10-level mark on April 23, the index has experienced an uninterrupted ascent. Over the past 13 sessions, it has doubled. Sensex has shed over 2,000 points in May amid investor worries regarding the impact of low voter turnout on Lok Sabha election results.

Indian shares declined on Monday while volatility climbed with key equity benchmarks giving up most gains made this year on concerns over the outcome of ongoing national elections and sustained selling by foreign investors. However, in today's trading session, 5 largecap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

Piramal Alternatives, the investment arm of the Piramal Group, has picked a 9.85% stake in Odisha-headquartered micro lender Annapurna Finance through secondary equity deals.

In the ongoing Lok Sabha elections, a low voter turnout has led to a decline in the Sensex and Nifty. Union Home Minister Amit Shah, a BJP leader, has advised investors to view this dip as an opportunity to buy, stating that the market has experienced larger drops before and attributing the current situation to rumors rather than election-related factors.

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. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.

BEML shares surged 13% on BSE to Rs 3,636 as it reported a 62% YoY profit increase for Q4FY24, reaching Rs 256.8 crore, alongside a revenue rise and dividend declaration.

Japanese shares ended lower on Monday as investors grew cautious ahead of corporate earnings reports, while rising Japanese government bond yields weighed on sentiment.

Investors tend to be confident about a stock when it's held by multiple mutual fund schemes. In the month of April 2024, 153 stocks were found in the portfolios of over 100 mutual fund schemes. In ETMarkets' recent analysis, 32 of these stocks saw their prices surge by over 25% in CY24 and are held by more than 100 mutual fund schemes. Among these, nine stocks have recorded gains between 50% to 80% in CY24 till now. (Data Source: ACE MF, ACE Equity).

​ Europe's STOXX 600 index edged higher on Monday as travel and leisure stocks led sectoral gains, with this week's key U.S. inflation prints and a slew of economic data from the euro zone set to test the benchmark index's record-breaking run.

Dalal Street's fear gauge, India VIX, surged over 60% this month, hitting a 52-week high of 21.49, as Sensex plummeted over 2,000 points. FIIs withdrew Rs 19,000 crore. Sensex fell 800 points today amid election uncertainty but rebounded as voting progressed.

Japanese technology giant SoftBank Group swung to a quarterly profit on Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period.

Piramal Alternatives, the investment arm of the Piramal Group, has picked a 9.85% stake in Odisha-headquartered micro lender Annapurna Finance through secondary equity deals.

Dr Lal PathLabs saw an 8% surge in shares to Rs 2,539.65 on the BSE following a 51% YoY increase in net profit to Rs 86 crore for Q4FY24. Analysts have varying opinions, with Kotak and JM Financial maintaining positive outlooks, while Goldman Sachs remains cautious.

The company's revenue from operations increased by 18% to Rs 2,552.4 crore as against Rs 2,163.6 crore in the corresponding period of the preceding fiscal.

Decide between home loan prepayment and equity investments in a bull market by evaluating risk, financial stability, and personal goals. Balance debt reduction with potential returns for a decision aligned with your financial well-being.

ABB India surged 8.5% on the BSE, hitting a new 52-week high of Rs 7,792.40. The company reported a remarkable 87% increase in net profit to Rs 460 crore in the March 2024 quarter, driven by higher revenues.

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 Monday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Meanwhile, EBITDA for the quarter under review increased 13% YoY to Rs 1,316 crore as against 1166 crore in the last year period.

Shares of auto major Tata Motors on Monday fell up to 7% to the day's low at Rs 975 on BSE after three major global brokerages Goldman Sachs, Morgan Stanley and Nomura downgraded the Nifty stock while Citi suspended rating on Tata Motors following weaker outlook for FY25

Union Bank and Bank of India witnessed a 6-10% fall in their shares on Monday as their Q4 results fell short of expectations. Union Bank reported a 19% growth in net profit, while Bank of India's net profit increased by 7%.

Gold's enduring appeal in India extends beyond symbolizing wealth, outperforming Nifty. Central Banks favor Gold amid dollar risks, while QE and rising debts support its safe-haven status. Diversify portfolios with Gold ETFs for stable returns.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Monday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.

Brokerage firm Jefferies upgraded Bank of Baroda to a buy, Citigroup has a buy rating on Polycab, Jefferies maintained a buy rating on Eicher Motors and Morgan Stanley downgraded Tata Motors to Equal Weight.

Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.

Nifty grew stronger in the morning session but soon gave up the bulk of its gains to close with a modest gain.