State-owned Power Finance Corp (PFC) is seeking legal counsel regarding the approval of a ₹15,000 crore loan to the promoters of the Shapoorji Pallonji (SP) Group, leveraging their 18.37% shareholding in Tata Sons as collateral. Earlier this year, the Mistry family, who are the promoters, proposed obtaining funds from the lender based on cash flows from their real estate business and their Tata Sons shares.

“The stock was consolidating within a range since mid-February and prices have given a breakout from an ‘Inverted Head and Shoulders’ pattern on the daily chart. Traders can buy for a target of Rs 508 and a stop below Rs 457,” Ruchit Jain, Lead Research, 5paisa.com, said.

Shares of L&T, Tata Power, Canara Bank, Hero Moto and BSE will be in focus today as the companies will announce their fourth quarter results.

Rebello said that the company has started centralising operations in the last six months to overcome the challenges of decentralised operations - how it was structured historically.

Baba Kalyani filed his affidavit on Tuesday, stating that his nephew Sameer and niece Pallavi have no right to file and maintain a suit seeking partition of an alleged Kalyani Family HUF. According to him, the suit is filed by the siblings who by birth are members of the Hiremath family and, therefore, have no right to file and maintain a suit seeking partition of a Kalyani Family HUF.

Shares of Marico, Godrej Consumer Products, Hindustan Unilever, Dabur India, Emami, Britannia Industries and Nestle India ended 2-10% higher on Tuesday even as benchmark indices closed 0.5-0.6% lower.

In a recent judgement, the high court termed the EPF scheme provisions covering 'international workers' unconstitutional if international workers earning several lakhs are required to contribute to provident fund on their full salary, whereas the contribution is capped at Rs 15,000 for Indians working overseas.

Analysts expect a tariff increase of 10-15% after the general elections, which augurs well for telecom service providers given the rising data usage. The average revenue per user (ARPU) is likely to increase to Rs 217 in FY26 from Rs 180 in FY24.

The stock price rose from Rs 237 as on May 5, 2023, to Rs 460 as on May 6, 2024, which translates into an upside of over 94% in a year. It hit a record high of Rs 487 on February 16, 2024, but failed to hold the momentum and witnessed time-wise and price-wise consolidation.

With forecasts about the performance of the BJP-led NDA, the Dalal Street favourite, fluctuating wildly recently, analysts said the undertone has turned nervous, reflecting in the surge in VIX.

Walt Disney fell 9.7%, on track for its biggest percentage fall since November 2022, as a surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office. Despite Disney's drag, the three main U.S. stock indexes were trading at a more than three-week high after a weaker-than-expected labor market report last week fueled bets that the U.S. central bank will cut rates.

Sectorally, buying was seen in FMCG, IT and technology stocks while selling was visible in public sector, utilities and realty stocks.

The Sumitomo Mitsui Financial Group holds 100% in SMFG India Credit Co, which was formerly Fullerton India Credit Company Limited. Following the fund infusion, SMFG India Credit Co has invested Rs 150 crore in its wholly owned subsidiary SMFG India Home Finance Co. Ltd.

Equity benchmark indices Sensex and Nifty declined on Tuesday dragged by HDFC Bank, Reliance Industries and ICICI Bank amid concerns over rich valuation of equities. Paring all its early gains, the 30-share BSE Sensex went lower by 384 points or 0.52% to settle at 73,512. During the day, it tanked 636 points or 0.86% to 73,259.26.The NSE Nifty declined 140.20 points or 0.62% to 22,302.50."The Index has made yet another bearish candle on the daily chart indicating upper hand of the bears. The previous bullish gap zone of 22,160-22,200 will be considered support while 22,400 is an immediate hurdle," said Aditya Gaggar, Director of Progressive Shares.Here are 5 stock recommendations for Wednesday:

The lender’s pre-provision operating profit was 36% higher at Rs 683 crore, helped by 34% rise in net interest income at Rs 922 crore. Total income rose 37% year-on-year at Rs 1,459 crore.

The Dow Jones Industrial Average rose 6.7 points, or 0.02%, at the open to 38858.94.

For the six superstar investors' portfolios diagnosed, Trendlyne data shows that 3 saw a rise in value while the other 3 saw a decline in value in the March quarter.

Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels.

Around 10 companies saw the highest increase in mutual fund holdings in March, according to a press release by Prime Database. Here is the list of companies.

This is the second such instance in 2024 to test preparedness for handling unexpected disasters. The special session shall be divided into two segments. In the first part, the market will open for normal trading on 9:15 am and end at 10 am.

The Nifty Bank fell more than 1% on Tuesday amid a weak trend seen in benchmark indices. Traders preferred to book profits at higher levels.

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

The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 73,512. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302. Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in southern Gaza and a ceasefire deal between Hamas and Israel hung in the balance.

Stock market reacts to low voter turnout speculation in Lok Sabha election. Nifty falls below 50-DMA, Sensex loses 1,000 points, BSE-listed stocks lose Rs 11 lakh crore in three days. India VIX surges, FIIs sell. Valuation concerns and Q4 earnings disappoint.

Analysts expect a tariff increase of 10-15% after the general elections, which augurs well for telecom service providers given the rising data usage. The average revenue per user (ARPU) is likely to increase to Rs 217 in FY26 from Rs 180 in FY24.

Retail share by value in companies listed on NSE went down to 7.50% as on March 31, 2024 from 7.58% on December 31, 2023. Research firm, Prime Infobase states top 10 companies which saw the highest increase in retail holding in percentage terms in the last 1 quarter. These are as follows:

Stock market reacts to low voter turnout speculation in Lok Sabha election. Nifty falls below 50-DMA, Sensex loses 1,000 points, BSE-listed stocks lose Rs 11 lakh crore in three days. India VIX surges, FIIs sell. Valuation concerns and Q4 earnings disappoint.

To some the news of the possible changes in project finance by banks and other sectoral lenders might appear to have come out of the blue. But the fact is that RBI has been in a process of tightening and cleaning up the system of every segment and subsegment of banking and financial services for more than the last one and a half years. Infact the first set of companies where the tightening of the norms was implemented were housing finance companies. Right from raising capital to disbursement norms, everything was tightened. Whenever there is tightening of norms, stocks from that sector tend to correct. Same has been the case with housing finance companies, they have underperformed in the last one year of bull run. But as the companies adjust to new norms, there will be some players who probably would make a comeback faster. Given the fact that despite all the problems which the sector has faced, it has still grown on an overall basis and there is no reason to believe that this will not happen in future.

Indian shares gave up early gains to trade lower on Tuesday as a rise in consumer companies was offset by a fall in financials and auto stocks, with volatility rising to its highest in fifteen months. Meanwhile, in today's trading session, 5 midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

As volatility sees a sharp spike in markets. At this point of time it might be good to stay with sectors and stocks, where there are strong fundamentals. But they have been underperforming in bull run but at the same time and have a history of outperforming in bearish and volatile markets. Fitting this are a set of FMCG stocks where news flow and sentiment have been negative for quite some time. But as the markets get jittery and money moves from one sector to another, these stocks may outperform a bearish market. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

​​ Britain's FTSE 100 opened at a record high, boosted by gains in Shell after Reuters reported its plans to sell the Malaysian gas station business and BP gained on maintaining share buyback plans but missed earnings forecast.

The record date of payment of the interim dividend is Wednesday, May 15, 2024, and the Interim Dividend shall be duly paid within the stipulated timelines as prescribed under law, it said.

European stock markets rose at the start of trading Tuesday as traders anticipate cuts to interest rates in the coming months on both sides of the Atlantic. In the eurozone, the Paris CAC 40 index began Tuesday with a gain of 0.5 percent to 8,037.95 points.

U.S. stocks injected fresh momentum as markets priced in a higher chance of the Federal Reserve cutting interest rates this year. A U.S. jobs report on Friday showing growth slowed more than expected in April further fuelled buying.

The profit after tax for the reported quarter stood at Rs 24.97 crore, resulting in year-on-year (YoY) growth of 43%, while the company had reported a consolidated revenue of Rs 116 crore.

The financial community on Dalal Street shows significant interest in the investment portfolios of renowned investors. ETMarkets conducted an analysis, examining Dolly Khanna's holdings as of the March quarter, which unveiled her ownership in around 19 stocks, each with a stake surpassing 1%. As of May 6, the collective value of these holdings amounts to around Rs 459 crore. Notably, nine stocks in her portfolio have yielded double digit returns in CY24 so far, and from the list we highlighted 5 stocks that gained 30-90% during the same time period. (Data Source: ACE Equity)

The incremental credit flow was also supported by the all-time high corporate bond issuances of Rs. 10.2 lakh crore in FY2024, resulting in the stock of corporate bonds outstanding rising to an estimated Rs. 46 lakh crore as on March 31, 2024, from Rs. 43.1 lakh crore as on March 31, 2023.

Its revenue from operations in the same period jumped 12% YoY to Rs 4,961 crore as against Rs 4430 crore in the corresponding period of last year.

The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.

Morgan Stanley sees freight as a significant revenue generator for Titagarh, while also acknowledging the potential of the passenger business for growth. The firm anticipates an impressive 28% earnings compound annual growth rate (CAGR) for Titagarh over the period spanning FY 24-27.

A host of brokerages have upgraded the target prices of several stocks in the last one month. Trendlyne data shows that 10 stocks, including TCS, ICICI Bank, SBI, Maruti Suzuki, and Axis Bank faced up to nine analysts' target price upgrades in the last 1 month. Here's a list of these stocks:

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 Tuesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

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

Shares of Godrej Consumer Products surged 8% to its fresh all-time high of Rs 1,349.65 on BSE in Tuesday's early trade even after reporting a consolidated net loss of Rs 1,893 crore for the quarter ended March 31, 2024.

Nifty started with a jump but soon dipped into a range for the day. It closed with a loss.

While Nifty and Sensex have been striking new highs for the past few months now, the midcap and smallcap index are also rising at a fast pace. BSE midcap index has jumped 13.7% YTD while the BSE smallcap index has risen nearly 9% this year alone. InCred equities has recommended adding small and midcap stocks to your holdings in the month of May. Here are the top 10 ideas:

India VIX's erratic behavior prior to elections confuses traders. May anticipate sharp movements with VIX nearing 20.

Investec raised Marico's rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight and maintained a neutral stance on Lupin.

Short-term traders can look to buy the stock for a target of Rs 2,380 in the next 1-2 months, suggest experts. The price fluctuations seen in the CDSL stock price resulted in the formation of an Ascending Triangle on the daily charts. The resistance was seen around Rs 2,000-2,050 levels.

Sebi rejects NSE's proposal to extend trading hours for index derivatives. NSE CEO indicates shelving due to lack of broker feedback.