Gift Nifty futures volumes soar 25% in 4 months to $82 billion in April - 7 months ago
This marked a 25% increase compared to December turnover, contrasting with a 7% growth in Nifty futures turnover on the NSE during the same period.
Economic Times

Stock Radar: 250% in 1 year! This multibagger construction stock is ready to hit fresh record highs - 7 months ago
NBCC (India) Ltd has shown impressive growth, hitting Rs 176.50 high. Chart patterns indicate further potential for growth, supported by expert recommendations for targets of Rs 158-186 amidst bullish market sentiment. In terms of price action, the stock is 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.
Economic Times

Starbucks shares plunges 15%, hit two-year low as China, US demand clouds outlook - 7 months ago
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China.
Economic Times

Nasdaq, S&P 500 fall as investors take cover before Fed decision - 7 months ago
The ADP National Employment report showed U.S. private payrolls increased more than expected in April, while a separate reading showed U.S. manufacturing contracted in April. A measure of prices paid by factories for inputs approached a two-year high.
Economic Times

Hydropower stocks on a roll amid rising power capacity and project viability - 7 months ago
India has a hydropower potential of 250 GW of which only 21% is tapped. Since hydropower has one of the lowest greenhouse emissions, it is a preferred source of renewable energy. Despite that, the addition to hydropower capacity in the country was dismal due to long delay in environmental clearance and long gestation period in the construction of power plants accompanied by cost overruns.
Economic Times

Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarks - 7 months ago
That brings his total ownership to more than 114 million shares, which based on Wednesday morning's stock price, are worth USD 5.7 billion. Trump Media got its place on the Nasdaq after merging with a company called Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. These type of mergers offer young companies quicker and easier routes to getting their shares trading publicly.
Economic Times

Starbucks shares hit two-year low as China, US demand clouds outlook - 7 months ago
Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China.
Economic Times

Indus Towers confident of cash flow boost in FY25 - 7 months ago
Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route.
Economic Times

S&P, Nasdaq open lower as investors take cover before Fed decision - 7 months ago
The Dow Jones Industrial Average rose 29.6 points, or 0.08%, at the open to 37,845.56.
Economic Times

'Mkts may extend rally this month on strong domestic eco, current govt's potential re-election' - 7 months ago
Stock markets may continue their winning run in May after registering gains in the past three months as investors' sentiment are upbeat amid India's promising economic growth prospects, the current government's potential re-election in the ongoing polls and robust participation from domestic investors.
Economic Times

Market Trading Guide: PNB, Ashok Leyland among 8 stock recommendations for Thursday - 7 months ago
Indian benchmark equity indices closed lower on Tuesday, dragged by financial and IT stocks. The S&P BSE Sensex closed 0.25% lower at 74,482, while the NSE Nifty50 index ended just above the 22,600 level.The stock market was shut on Wednesday on account of Maharashtra Day."Nifty witnessed selling pressure as it encountered resistance near the previous swing high, resulting in a weak closing. Over the next few days, the trend in the headline index might remain sideways unless it breaks above the all-time high of 22,783. On the downside, immediate support is placed at 22,500, below which the index might decline further," said Rupak De of LKP Securities.Here are 8 stock recommendations for Thursday:
Economic Times

YES Bank share price can fall to Rs 20 as valuation remains expensive: ICICI Securities - 7 months ago
YES Bank has strengthened its balance sheet though profitability remains burdened by an unproductive bulky rural infrastructure development fund. Its loan growth was healthy at 5% QoQ but deposits growth was strong at 10%
Economic Times

Technical Breakout Stocks: How to trade Usha Martin, M&M and Trent that hit record highs - 7 months ago
The S&P BSE Sensex fell nearly 200 points on Tuesday while the Nifty50 closed in the red after hitting a record high of 22,783. Sectorally, buying was seen in power, realty, and auto while energy, oil & gas, healthcare, and IT stocks saw some selling pressure.
Economic Times

Smallcaps’ resilient show in April has 500 stocks offering double-digit returns. How to navigate May - 7 months ago
The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
Economic Times

Short-term troubles are opportunities for long-term investors? 5 agro-chemical stocks with upside potential of up to 30% - 7 months ago
Most businesses experience periods of highs and lows. The key is determining whether these lows are part of a recurring cycle or the result of a one-time event. The agrochemical sector is currently in a downturn due to specific, isolated incidents. This includes a sudden rise in industry inventory and an oversupply that entered the market following the resumption of Chinese production after COVID-19 restrictions. Consequently, despite performing exceptionally well during the early stages of the bull run that began at the time of the breakout of COVID, the sector has been underperforming recently. The second question is, is this downturn an opportunity for long term investors or not. Given the way things are changing, whether it is China plus plus one or for that matter policy focus on manufacturing there are good reasons to believe that some of the agro chemical companies will do well as they do two things, expand their product portfolio and also backward integration.
Economic Times

Sensex@75K! Risk management in algorithmic trading: 8 ways to minimise risk - 7 months ago
Since algo trading depends hugely on quantitative models, it also presents certain challenges. Besides sophisticated computer algorithms and lightning-fast speed, a robust risk management system is also needed.
Economic Times

Time to have right mix ? A set of 6 private and PSU bank with upside potential of upto 34% - 7 months ago
When a large private sector is instructed by RBI to stop doing some part of business and the stock tanks by more than 10 % it is bound to raise questions about whether the private sector banks have passed their best in terms of performance on the street. Literally every entity in the banking sector is being looked at and given the sheer size and number of banks there are some issues that are bound to come up. Only thing which investors should give importance to when looking at the macro picture is how GDP growth is shaping up
Economic Times

Godrej conglomerate split: How should investors play the listed entities? - 7 months ago
Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.
Economic Times

Rs 10,000 monthly SIP in this children-oriented mutual fund scheme turned into Rs 1.90 crore since inception - 7 months ago
ICICI Pru Child Care Fund-Gift Plan focuses on funding children's education with high returns. A Rs 10,000 monthly SIP could grow to Rs 1.90 crore, outperforming category returns. It blends equity and debt instruments, with notable exposure in telecom services.
Economic Times

Thinking of creating wealth with Birlas? Here’s how group stocks have performed in 2024 - 7 months ago
With a positive investor response to Vodafone Idea FPO, UltraTech’s solid Q4 show and AB Capital and Century Textiles’ solid stock returns to investors have kept Aditya Birla Group stocks in the spotlight recently. Here's how the stocks have performed in 2024:
Economic Times

Fed to signal delay of interest-rate cuts after higher-than-expected inflation - 7 months ago
The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington.
Economic Times

Ashish Kacholia's portfolio: These 5 stocks surged over 40% in just 4 months - 7 months ago
Investors are keenly observing the investment portfolios of top players in Dalal Street. ETMarkets, in this context, has chosen to analyse the investment holdings of the renowned investor Ashish Kacholia. Recent data for the March quarter indicates that Kacholia has publicly disclosed investments in approximately 50 stocks, valued at around Rs 3,123 crore as of April 30, 2024. It's important to mention that this list specifically includes companies where Kacholia holds a stake exceeding 1%, although it may not encompass all of his investments.
Economic Times

Fed meeting outcome today: How it may impact Indian stock market - 7 months ago
Federal Reserve's decisions, especially on interest rates, have a profound impact on global markets, including India. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it won’t have an impact on the Indian markets. But that would be a costly blunder.
Economic Times

Fed to signal delay of interest-rate cuts after higher than expected inflation - 7 months ago
The Federal Open Market Committee will hold the target range for its benchmark rate at 5.25% to 5.5% — a two-decade high first reached in July — at the conclusion of its two-day policy meeting Wednesday. The rate decision, and possibly an announcement on the pace of its balance-sheet reduction program, will be released at 2 p.m. in Washington.
Economic Times

How to stress test your investment portfolio with 3 simple questions - 7 months ago
Learn simple steps to test your personal investment portfolio for stress and take corrective actions to ensure financial preparedness. While the stress tests conducted by AMCs may be complex, as individual investors, we should also undertake simple steps to test our personal portfolios for stress and take corrective actions if needed so that we are well-prepared for any financially stressful situation.
Economic Times

Capacity addition, cost initiatives to help UltraTech retain its edge - 7 months ago
UltraTech Cement outperformed in Q1 2024 despite challenges. Cost reduction plans, capacity expansion, and strong financials position it well for future growth. The stock's appeal to investors is supported by diverse strengths.
Economic Times

Tata Comm taking sustainable route for $1 billion fundraising goal - 7 months ago
Bank of America advises Tata Communications on a $1 billion fund framework incorporating ESG standards. The funds will refinance existing loans, structure fresh loans, and offer pricing benefits tied to environmental, social, and governance targets.
Economic Times

Wall St Falls, Yields Rise on Hot Labour Cost Data - 7 months ago
Tesla dipped 5.2% following a 15% surge in the previous session after a report that CEO Elon Musk had dismissed two senior executives and plans to lay off hundreds more employees.
Economic Times

Nifty Hits New High, but Closes in Red Ahead of Fed Meet - 7 months ago
"Investors appear to have lightened their positions ahead of the US FOMC (Federal Open Market Committee) meeting this week," said Aamar Deo Singh, Sr. vice president of research at Angel One. "Further, today being Bank Nifty weekly expiry, added to the selloff."
Economic Times

Sebi allows FPIs in GIFT City to take more investments from NRIs & OCIs - 7 months ago
Sebi approves increased FPI participation from NRIs and OCIs via IFSCs, simplifies mutual funds' passive schemes. Measures to deter front-running by asset management companies. Issuers can now offer NCDs and NCRPS at reduced face value.
Economic Times

Stock Market Holiday: Are Indian stock exchanges NSE and BSE open for trading today? - 7 months ago
Indian stock exchanges NSE and BSE will be closed on Wednesday for Maharashtra Day. MCX will have no morning trading but will resume trading in the evening, while NCDEX will remain shut all day. As per the BSE holiday calendar, trading holidays have been announced on 14 days in 2024.
Economic Times

Sebi to revamp norms to ensure fairness for AMCs - 7 months ago
The regulator said such FPIs with NRIs and OCIs as clients should be based out of International Financial Services Centres (IFSCs) in India and regulated by the International Financial Services Centres Authority (IFSCA).
Economic Times

CCI approves Sanyo Special Steel’s stake purchase in SSMI - 7 months ago
Sanyo Special Steel, a Japan-based company, sells steel products globally and has manufacturing hubs in Europe and India. It is a part of Nippon Steel Corporation Group.
Economic Times

Dow drops 302 points on hot labour costs data, caution before Fed verdict - 7 months ago
US labour costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024. On the earnings front, GE HealthCare lost 9.6% after the medical equipment firm missed estimates for first-quarter revenue, while McDonald's fell 0.9% as it missed profit estimates for the first time in two years.
Economic Times

UltraTech to retain edge over competition amid cost efficiency, capacity addition - 7 months ago
During an earnings call after the quarterly result announcement, the company's management stated that it would reduce the cost of production per tonne by Rs200-300 in the next three years by focussing on a series of initiatives such as increasing investments in green power, reducing lead distance by improving distribution channel, and improving clinker-cement conversion.
Economic Times

BSE revises transaction charges for its Sensex and Bankex options contracts - 7 months ago
The current transaction charges for S&P BSE Sensex options and S&P BSE Bankex options will continue to be levied for the period between May 1-10.
Economic Times

BSE revises transaction charges on its options contracts - 7 months ago
The current transaction charges for S&P BSE Sensex options and S&P BSE Bankex options will continue to be levied for the period between May 1-10.
Economic Times

Two-wheelers likely to report double-digit YoY growth in April sales. Which stocks to buy - 7 months ago
PV volumes are likely to have grown at a healthy pace led by robust retail volumes (up over 10%). Meanwhile, CVs and tractors are expected to be broadly flattish, but better than the previous month, owing to the fading of the high base.
Economic Times

Sebi to provide flexibility to Venture Capital Funds to deal with unliquidated investments - 7 months ago
Markets regulator Sebi on Tuesday decided to provide flexibility to Venture Capital Funds (VCFs) to deal with unliquidated investments of their schemes beyond the expiry of tenure.
Economic Times

BSE's monthly expiry of single stock derivatives to change to 2nd Thursday from July 1 - 7 months ago
These contracts will not be available for trading from Monday, July 1, 2024, it said. The move comes as part of a partial modification to the exchange notice number dated September 8, 2021, and February 8, 2024, regarding the change in the expiry day of stock derivatives in equity derivatives segment.
Economic Times

Eli Lilly rises 6%; company raises 2024 sales forecast by $2 billion - 7 months ago
Explosive demand and increased manufacturing capacity for Eli Lilly's weight-loss drug Zepbound drove the company to raise its annual sales forecast by $2 billion on Tuesday, lifting its shares nearly 6%.
Economic Times

Dow drops 217 points in lead up to Fed verdict after hot labour costs data - 7 months ago
US labour costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024. On the earnings front, GE HealthCare lost 9.6% after the medical equipment firm missed estimates for first-quarter revenue, while McDonald's fell 0.9% as it missed profit estimates for the first time in two years.
Economic Times

ChrysCapital raises $700 million to maintain stake in National Stock Exchange - 7 months ago
Indian private equity firm ChrysCapital has raised $700 million in new funds, allowing the firm to maintain its stake in India's National Stock Exchange (NSE) by buying itself out, the firm said Tuesday.
Economic Times

US stocks open lower on labour costs data; Fed decision on tap - 7 months ago
The Dow Jones Industrial Average fell 48.7 points, or 0.13%, at the open to 38,337.4.
Economic Times

Sebi tightens front-running regulations for AMCs to check market abuse - 7 months ago
Asset Management Companies are required to put in place a structured institutional mechanism for identification and deterrence of potential market abuse.
Economic Times

Adani Ports, Nestle India among 5 stocks with top short covering - 7 months ago
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 a security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Vedanta, Biocon among 5 stocks with top long unwinding - 7 months ago
Long unwinding refers to 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:
Economic Times

Two-wheelers likely to report double-digit YoY growth in April sales. Which stocks to buy? - 7 months ago
PV volumes are likely to have grown at a healthy pace led by robust retail volumes (up over 10%). Meanwhile, CVs and tractors are expected to be broadly flattish, but better than the previous month, owing to the fading of the high base.
Economic Times

Tech View: Nifty forms Shooting Star candle. What should traders do on Thursday - 7 months ago
Nifty on Wednesday ended about 39 points lower to form a Shooting Star pattern on the daily chart to indicate a strong possibility of further weakness from current levels.
Economic Times