Balkrishna Industries, Bandhan Bank among 5 stocks with top long unwinding - 8 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

GQG increases stake in Patanjali Foods by nearly 4 times, stock jumps 5.3% - 8 months ago
GQG had invested around Rs 2,400 crore for acquiring a 5.96% stake in the offer for sale of Patanjali in July 2023. The US-based investment firm has been increasing its exposure to India after investing in the Adani group. It holds positions in companies including ITC and Sun Pharmaceutical Industries.
Economic Times

Why following successful investors may set you up for failure - Part 2 - 8 months ago
The most successful outliers on Dalal Street or for that matter, Wall Street over any given short-term period almost always took some extreme amount of risk that just happened to pay off big.
Economic Times

Why the dollar is causing chaos in emerging markets - 8 months ago
Emerging-market (EM) currencies have tumbled this year as the dollar has gone from strength to strength. Taiwan’s currency dropped to the lowest level in almost 8 years this week, India’s rupee slumped to a record, and Malaysia’s ringgit is close to the weakest since the Asian financial crisis in 1998. All except one of the 23 main developing-nation currencies tracked by Bloomberg have fallen against the greenback this year.
Economic Times

Is the stock market closed for Ram Navami tomorrow? - 8 months ago
Equity markets closed for Ram Navami. All segments shut. Multi-commodity exchange opens at 5:00 pm. Trade settlements closed.
Economic Times

Fitch affirms ratings of SBI and Canara Bank at 'BBB-' - 8 months ago
State Bank of India'S business profile score of 'BBB-' is the highest among Indian banks, which the ratings agency said reflects SBI's ability to generate business consistently through the cycle while managing risk better than peer state banks.
Economic Times

Mukesh Ambani-owned company's shares surge 14% ahead of Q4 results - 8 months ago
​The shares of RIL-owned chocolate manufacturer, Lotus Chocolate rallied 14% to hit a 52-week high of Rs 470 on BSE in Tuesday's trade ahead of its Q4 results which are due later today.
Economic Times

Following your stock market heroes may not always pay off. Here’s why - 8 months ago
The most successful outliers on Dalal Street or for that matter, Wall Street over any given short-term period almost always took some extreme amount of risk that just happened to pay off big.
Economic Times

How sequence of return risk can impact retirees' portfolio - 8 months ago
Sequence of return risk is the danger that the timing of withdrawals from an investment portfolio, particularly during retirement, coincides with a period of poor investment returns.
Economic Times

Look at them with a different lens? 6 IT stocks operating in niche areas with upside potential of up to 34% - 8 months ago
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. The fact is that over the last decade so many segments and sub segments have emerged and along with the numbers of mid and small size companies have emerged in the IT space that deciding on IT space based on what is happening with TCS and infosys or wipro or any mega cap companies would be an incorrect thing to do. The fact is that while the name of the Indian IT sector can be divided into different segments, each of them has not become an industry itself. Infact if one looks at the stock performance, the street is gradually making a difference as the divergence in return is visible. Will this trend continue and these stocks chart their own course independent of what TCS and Infy are doing?
Economic Times

Hindustan Aeronautics, Indus Towers among 6 large & midcap stocks that hit new 52-week highs on Tuesday - 8 months ago
Indian shares fell on Tuesday as a slide in information technology stocks on receding bets of early US rate cuts added to investors' concerns over the conflict in the Middle East. However, in today's trading session, six large and midcap stocks from the Nifty200 index reached a new 52-week high. Here's the list:
Economic Times

Europe's STOXX nears six-week low amid geopolitical jitters; Ericsson shines - 8 months ago
​European shares dropped to a near six-week low on Tuesday, as investor stayed clear of risky assets given geopolitical tensions in the Middle East, while Ericsson topped the main index following upbeat earnings.
Economic Times

Sterlite Technologies stock rallies 7% after completion Rs 1000 crore QIP - 8 months ago
The share price of Sterlite Technologies Ltd (STL) rallied 7.5% to Rs 144.80 after the company announced the completion of Rs 1000 crore fund raise through Qualified Institutional Placement (QIP) route.
Economic Times

Stationery stocks jump up to 5% after Nuvama initiates coverage - 8 months ago
DOMS rose nearly 5% to Rs 1,800 while Flair added 3% to Rs 301. The brokerage firm values DOMS at 50x FY26 EPS and Flair at 24x FY26 EPS.
Economic Times

Sterlite Technologies raises Rs 1,000 crore through QIP route - 8 months ago
The company approved the issue and allotment of 8.84 crore equity shares to qualified institutional investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs, and Bandhan Mutual Fund, aggregating to Rs 1,000 crore.
Economic Times

Radhakishan Damani buys Rs 86 crore worth of shares in VST Industries, stock up 3% - 8 months ago
According to bulk deal data on BSE, the DMart founder bought an additional 1.51% stake in the cigarette maker for a total amount of Rs 86.26 crore through open market deals. The ace investor bought 2.33 lakh shares in the company at Rs 3,689.96 per share.
Economic Times

Bank of Baroda, PNB among 10 bank stocks with high NPAs - 8 months ago
As the Q4 results of listed companies are underway, it's important for investors with bank stocks in their portfolios to be aware of the NPAs (non-performing assets) of banks. According to Trendlyne data, Bank of Baroda, Punjab National Bank, RBL Bank, and Bank of India are among the banks with the highest NPAs. Here's the list:
Economic Times

Indian regulators plan panel to weigh derivatives risk, sources say - 8 months ago
Options trading in India has soared in the last five years, fuelled mainly by retail investors. The notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from $447.69 trillion a year ago, exchange operator NSE says.
Economic Times

Jio Financial shares surge 5% after NBFC signs agreement with BlackRock - 8 months ago
Jio Financial Services' shares surged 5% to Rs 371.75 after partnering with BlackRock, Inc. for wealth management and broking. The joint venture aims to revolutionize India's asset management. The Reliance Industries division, listed separately since August 2023, saw a 6.3% monthly and 47.28% quarterly return.
Economic Times

Vodafone Idea shares fall 4% ahead of FPO launch - 8 months ago
Additionally, the company will allocate Rs 2,175 crore for the payment of certain deferred payments for spectrum to the Department of Telecommunications (DoT) and the Goods and Services Tax (GST). The remaining amount will be allocated for general corporate purposes.
Economic Times

ONGC, Zydus Lifesciences among 5 stocks with long buildup - 8 months ago
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:
Economic Times

Energy player and gas distributor gets ready to give 7% gains each - 8 months ago
Nifty opened lower and remained under selling pressure throughout the day. It closed with a loss.
Economic Times

Bajaj Finance, Godrej Properties among 5 stocks with short buildup - 8 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 Tuesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

FIIs increase stake in 6 Adani stocks, LIC makes smart profit in March quarter - 8 months ago
FIIs increase stake in 6 Adani stocks, LIC sees smart profit. Adani Ports, Green Energy, Wilmar, Power, Total Gas, NDTV ownership rises. PSU insurer, Ahmedabad conglomerate, ACE Equity observed. Mutual funds, retail investors, Adani Energy affected. Tata, Ambuja Cements, Hindenburg, Cantor Fitzgerald mentioned.
Economic Times

Stock Radar: This PSU multibagger stock rallies nearly 200% in 1 year; time to book profits or stay invested? - 8 months ago
Punjab National Bank's stock has rallied 185% to Rs 134, hitting a multi-year high. Experts advise buying on dips for a target above 150, with indicators showing a strong bullish trend and momentum picking up.
Economic Times

Teerth Gopicon shares list at 13% premium over issue price - 8 months ago
Ahead of the listing, the company's shares traded with a premium of Rs 20 in the unlisted market.
Economic Times

Bharti Hexacom shares jump 9% as stock enters good books of Jefferies - 8 months ago
The brokerage said Bharti Hexacom (BHL) offers a way to invest in those parts of Airtel's businesses that are growing faster, have higher ROCE and better free cash flow conversion.
Economic Times

Sensex declines 500 points on US rate cut outlook, Middle East tensions; Nifty below 22,200 - 8 months ago
Indian equities declined following Asian markets, anticipating U.S. rate cut delay amidst Middle East tensions. BSE Sensex dropped 534 points, Nifty50 153 points. Leading decliners: NTPC, Bajaj Finance, Infosys, Axis Bank, TCS.
Economic Times

Hot Stocks: Brokerage view on HDFC AMC, IDFC First, Apollo Tyres and Varun Beverages - 8 months ago
Morgan Stanley began covering Varun Beverages with an overweight rating, while it upheld an Equal Weight rating on Apollo Tyres. Jefferies reaffirmed a buy rating on IDFC First, whereas JPMorgan upgraded HDFC AMC to overweight.
Economic Times

US Fed should not act urgently when it's not required, Daly says - 8 months ago
San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and inflation still above the Fed's 2% target.
Economic Times

TSMC first-quarter profit expected to rise 5% on strong AI chip demand - 8 months ago
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.
Economic Times

US stocks close lower as Middle East tensions, Treasury yields weigh - 8 months ago
With the S&P 500 coming off its biggest one-day percentage drop since Jan. 31 in the prior session, stocks opened higher in part after data showed retail sales increased by more than expected in March.
Economic Times

Asian shares slide on Fed rate cut rethink; China GDP in focus - 8 months ago
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
Economic Times

GIFT Nifty down 160 points; here's the trading setup for today's session - 8 months ago
"We expect domestic markets to witness near-term headwinds amid rising volatility. With the start of result season and poll promises by several political parties, we may continue to see sector & stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Economic Times

Stock Radar: Hindalco likely hit fresh record highs in next 2 months; here’s why - 8 months ago
“Hindalco stock has once again exhibited a bullish momentum, with fresh breakout seen above a Symmetrical Triangle pattern. Traders can buy for a target of Rs 700 in the next 5-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

West Asia tensions give Dalal Street a headache - 8 months ago
The Nifty fell 246.9 points, or 1.1%, to 22,272.50. The Sensex declined 845.12 points, or 1.14%, to 73,399.78 in a volatile trading session that saw mixed responses across the Asia-Pacific to this weekend's Iranian drone attacks on Israel. China advanced 1.26%, Hong Kong fell 0.73%, South Korea declined 0.42%, and Taiwan dropped 1.38%.
Economic Times

Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades - 8 months ago
Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It's a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol "DJT," for Trump's initials.
Economic Times

Senior citizen term deposits accounts double in 5 years - 8 months ago
The average ticket size per deposit rose 39% to Rs 4.6 lakh in FY24 as against Rs 3.3 lakh five years ago.
Economic Times

Fairfax arm infuses Rs 500 crore into IIFL Finance - 8 months ago
Fairfax's Odyssey Reinsurance offers Rs 500 crore debt to IIFL Finance for gold loans. Prem Watsa's subsidiary provides secured, rated bonds at 9.5% coupon. ET's comment requests to IIFL Finance and Fairfax go unanswered.
Economic Times

Jio Financial forms joint venture with BlackRock - 8 months ago
In a release to stock exchanges on Monday, Jio said it has signed a 50:50 joint venture with BlackRock for incorporating wealth management and brokerage companies in India. Both companies have a similar partnership for the asset management venture.
Economic Times

MFs prune stakes in PSUs following stellar bull run - 8 months ago
Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw an increase in stakes.
Economic Times

Pharma, healthcare top bets of fund managers in March - 8 months ago
​​T​hey also purchased insurance stocks like SBI Life, HDFC Life, and ICICI Prudential Life Insurance after favourable guidelines on the surrender value of policies were announced by the insurance regulator IRDAI. Also, the recent removal of the age limit on availing of health insurance is seen as boosting the prospects of life insurance companies.
Economic Times

Stocks in news: RIL, Jio Financial, JSW Infra, Cipla, Gujarat Gas - 8 months ago
Reliance Industries Ltd will announce its March quarter results on April 22. Along with the quarterly numbers, the company's board will also consider and approve a dividend.
Economic Times

Credit demand, asset quality power lenders to record valuations - 8 months ago
An analysis by ETIG reveals that 62 out of the 73 banking and finance stocks in the BSE 500 and 31 out of 35 sector stocks in the BSE 200 now trade above their five-year average price-book (P/B) multiples on a trailing basis. The trend was similar when the current valuations were compared with the three-year average multiples.
Economic Times

Who will get D-Street's vote: Stocks to benefit from a BJP win in polls - 8 months ago
"The BJP manifesto has a strong positive read-through for Indian equities," said Seshadri Sen, head of research at Emkay Global Financial Services. "Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners."
Economic Times

Stock Radar: Hindalco breaks out from Symmetrical Triangle pattern; poised for record highs - 8 months ago
Hindalco Industries stock a 52-week high in January, but failed to hold the momentum. It found support around 500 levels in March and bounced back. In terms of price action, the stock is now trading well 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

​Market Trading Guide: ONGC, Indus Towers among 5 stock recommendations for Tuesday​ - 8 months ago
Stock markets took a beating on Monday with benchmark Sensex and Nifty tumbling over 1% as escalating conflict in the Middle East and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845 points or 1.14% to settle at a more than two-week low of 73,399.78. The NSE Nifty declined 247 points or 1.10% to settle at 22,272.50.“The short-term trend of Nifty continues to be weak. The next lower levels to be watched are around 22,000. Immediate resistance is at 22,400 levels.” said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:
Economic Times

​Market Trading Guide: ONGC, Indus Towers among 5 stocks recommendations for Tuesday​ - 8 months ago
Stock markets took a beating on Monday with benchmark Sensex and Nifty tumbling over 1% as escalating conflict in the Middle East and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845 points or 1.14% to settle at a more than two-week low of 73,399.78. The NSE Nifty declined 247 points or 1.10% to settle at 22,272.50.“The short-term trend of Nifty continues to be weak. The next lower levels to be watched are around 22,000. Immediate resistance is at 22,400 levels.” said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:
Economic Times

US stocks recover from Friday's sell-off, Dow jumps 343 points amid Mideast jitters - 8 months ago
The S&P 500 was up 36.24 points, or 0.71%, at 5,159.65, and the Nasdaq Composite was up 69.03 points, or 0.43%, at 16,244.12.
Economic Times

Technical Breakout Stocks: How to trade Aster DM Healthcare, Thermax and Exide Industries on Tuesday? - 8 months ago
Sectorally, buying was seen in oil & gas and energy while selling was seen in IT, banks, capital goods, and power indices.
Economic Times