IPO calendar next week: Bharti Hexacom's listing, 3 new issues to keep primary market rolling on - 8 months ago
Even though there are no new IPO launches next week, the Street will see the listing of Bharti Hexacom's public offer, which received a healthy subscription of nearly 30 times.
Economic Times

India’s hot summer creates winners in Its pricey stock market - 8 months ago
The coming months will also see hundreds of millions of voters attend campaign rallies and head to the polls in a parliamentary election that lasts for weeks starting mid-April. Such increased activity will likely amplify the impact of extreme weather and boost demand for products to tackle heat.
Economic Times

Wall Street Week Ahead: US stocks' lofty valuations in spotlight as earnings season nears - 8 months ago
The S&P 500 is up more than 9% year-to-date, following its strongest first-quarter performance since 2019. But the bar may be rising for stocks to keep advancing at that pace, increasing pressure on companies to deliver strong results.
Economic Times

Hot US jobs report tempers Fed rate cut outlook - 8 months ago
Gold prices hit record highs and the Mexican peso, which tends to benefit from strong U.S. consumer demand, appreciated the most since late 2015.
Economic Times

JSW Energy raises Rs 5,000 crore by selling shares to investors, including ADIA - 8 months ago
JSW Energy said the proceeds from the QIP will further bolster its capital structure, enhance financial flexibility and enable the company to accelerate its ambitious growth plans.
Economic Times

Wall Street indexes rise after strong jobs data - 8 months ago
U.S. Labor Department data showed employers hired far more workers in March than expected and kept steadily lifting wages, suggesting the economy ended the first quarter on solid ground.
Economic Times

Food inflation on mind, RBI holds interest rates steady - 8 months ago
India is probably a positive outlier in the world hobbled with economic challenges, offering Mint Road the opportunity to further consolidate its war on inflation that has been restrained over the past few quarters from leaping. However, risks to price stability have not entirely receded into the background, said RBI Governor Shaktikanta Das, after the first policy review meeting in the new fiscal year.
Economic Times

Banks, financial entities must prioritise governance, compliance: Guv Das - 8 months ago
Speaking to the media after announcing the policy, the governor also said that financial stability is a joint responsibility of the regulator and the regulated entity. "We supervise all major entities. Wherever we see a problem, we first engage with the entity to see that corrective actions are taken. Where we see that the problems are huge or persistent only then we act," the Governor said.
Economic Times

RBI penalises IDFC First Bank, LIC Housing Finance - 8 months ago
The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violating certain norms. IDFC First Bank's penalty is for non-compliance with directions on 'Loans and Advances - Statutory and Other Restrictions', while LIC Housing Finance's penalty is for non-compliance with provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021'. Additionally, the RBI has cancelled the registration certificates of four NBFCs and five NBFCs have surrendered their certificates.
Economic Times

Overnight swap rates hint rate cut hopes ruled out - 8 months ago
Overnight indexed swap (OIS) rates in India have shown that derivatives markets have generally relinquished expectations of rate cuts in 2024 as the central bank continues to focus on bringing inflation down to its target of 4%. The OIS market has moved towards pricing out all rate cuts in aggregate, with the hope of nominal rate cuts towards the end of the calendar year.
Economic Times

You can now make card-less deposits via UPI - 8 months ago
The Reserve Bank of India (RBI) has introduced a new system allowing users to make payments from prepaid payment instruments through third-party applications and deposit cash at ATMs using UPI. This move will enhance customer convenience and make the currency handling process at banks more efficient.
Economic Times

Bharti Hexacom IPO retail segment subscribed 2.9x - 8 months ago
The company's only public shareholder, Telecommunications Consultants India divested 15% stake in the company.
Economic Times

Board of JSW Energy Limited allots 10,30,92,783 equity shares under QIP issue - 8 months ago
Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs 16,44,67,56,680, comprising of 164,46,75,668 Equity Shares to Rs 17,47,76,84,510 comprising of 1,74,77,68,451 Equity Shares. The shareholding pattern of the Company, before and after the Issue, will be submitted along with the listing application in the format specified in Regulation 31 of the SEBI Listing Regulations.
Economic Times

Dow jumps 387 points following surprisingly strong US jobs report - 8 months ago
The gains follow a late-day slump on Thursday for major indexes after a Federal Reserve official unsettled investors by questioning whether the central bank needs to cut rates at all amid a strong economy. A series of reports recently have shown that the U.S. economy remains resilient despite elevated inflation levels and high interest rates.
Economic Times

Dow jumps 266 points on signs of easing wage pressures - 8 months ago
US employers hired far more workers in March than expected and continued to lift wages at a steady pace, suggesting the economy ended the first quarter on solid ground. The annual increase in wages slowed in March from the previous month. The three main indexes recovered from a broader market selloff in the previous session after hawkish comments from Fed officials. The S&P 500 was up 1% and the Nasdaq Composite rose 1.20%.
Economic Times

Rahul Gandhi's investment portfolio revealed: Stocks, MFs, gold & other investments by Congress leader - 8 months ago
Congress leader Rahul Gandhi, who is seeking re-election from Kerala's Wayanad, revealed in his election affidavit that he has Rs 55,000 in cash, stock market investments worth Rs 4.3 crore, mutual fund deposits totaling Rs 3.81 crore, and Rs 26.25 lakh in a bank account. Watch!
Economic Times

MSCI May rejig to trigger $3.2 billion inflows into 17 stocks - 8 months ago
MSCI will announce the changes in constituents of the MSCI global standard indices on May 14, while the changes will take place on May 31.
Economic Times

Nestle India approves royalty fee of up to 5.25% of net sales to parent company - 8 months ago
Royalty payments have been a contentious issue in India Inc's debating circles ever since another FMCG giant HUL decided to increase its fee to parent Unilever.
Economic Times

US stocks open higher after non-farm payrolls data - 8 months ago
The Dow Jones Industrial Average rose 68.0 points, or 0.18%, at the open to 38664.98.
Economic Times

Decoding Shashi Tharoor's investments: ₹36K cash in hand but crores in banks - 8 months ago
Do you know how much money Shashi Tharoor has? What's his source of income, and where is he investing? In his Lok Sabha Affidavit for the 2024 general elections, he disclosed everything from his crypto investments to mutual funds to his properties. Let's decode Mr. Tharoor's finances. According to the affidavit, for the financial year 2022-23, Congress MP Shashi Tharoor showed Rs 4.3Cr as his income in the ITR. Watch!
Economic Times

Maruti Suzuki, ZEEL among 5 stocks with top long unwinding - 8 months ago
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 Friday's trading session, five stocks witnessed top long unwinding. Here's the list:
Economic Times

Paytm parent One97 Communication approves grant of 91,250 stock options - 8 months ago
Paytm parent company One97 Communications on Friday announced approval of grant of 91,250 stock options under ESOP 2019. The Nomination and Remuneration Committee of the company's board has also approved allotment of fully paid-up 2,91,388 equity shares having face value of Rs 1 each to eligible employees under ESOP 2008 and 2019, as per a stock exchange filing.
Economic Times

How pricey is Nifty vs other global markets? Take a look - 8 months ago
A recent report by Equirus highlights the global market performance vs Nifty50 along with the PE ratio. Take a look:
Economic Times

Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week? - 8 months ago
The index remained sideways throughout the session, reflecting a pause in the market trend, following the formation of a hanging man pattern. The sentiment may continue to remain sideways due to the lack of a directional breakout or pattern formation.
Economic Times

Tata Power, HCL Tech among 5 stocks with top short covering - 8 months ago
Short covering refers to the buying of shares 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 Friday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Sensex, Nifty end flat as RBI holds rates; realty stocks jump - 8 months ago
Banks and real estate stocks benefitted from the central bank's rate freeze, while IT stocks fell on US rate cut uncertainty. BSE Sensex rose 20 points, NSE Nifty gained 11 points.
Economic Times

Summer stocks and lessons on the difference between tactical and long-term investment? 5 companies whose fortunes are dependent on rising temperature - 8 months ago
Even when the market was correcting in the month of March one set of stocks which outperformed the market was stocks whose fortunes are linked to how much you sweat due to higher summer temperatures. The reason, first forecast by the IMD about summers was that it would see higher than normal temperatures. Now because sales of air conditioners, air coolers and directly linked to what is the average length of the summer season and secondly what average temperature during those months, the street has figured out that demand for air conditioners and air coolers will see a spike in coming months. Hence the street rushed to buy these stocks. See the returns they have given in the last one month and one week, probably the best. The question is whether these stocks of the companies whose fortunes are dependent on such an unpredictable element of “weather” should be considered as long term investing or just tactical trade, like the one which played out last month or there is more to it ?
Economic Times

Angel One raises Rs 1,500 crore via QIP; Motilal Oswal MF, Franklin Templeton among investors - 8 months ago
The QIP received an overwhelming response from both domestic and foreign institutional investors, the brokerage firm said. Angel One allotted 58,70,818 equity shares to qualified institutional buyers at Rs 2555.01 a share.
Economic Times

Financial service stocks: Some hit by headwinds, for some tailwinds are back, only waiting for ___ to be back - 8 months ago
All of a sudden yesterday, one stock which led the turnaround of the market was HDFC bank. There were two announcements, first regarding business and second regarding the shareholding changes in the last one quarter in which the stake of FII had come down. In normal cases a decline in FII holding is seen as negative but the reaction of the street was positive in this case. The reason was technical in nature because of buying which could emerge due to MSCI adjustment. But the fact is that every single stock in the financial services space has an element of high FII exposure and because they have been sellers for quite some time, these stocks have not performed as well when compared to other sectors. But as soon as they are back, which probably might be in the second half of the year, these stocks may be back in the limelight. But because each of the subsegments of the financial service space has its own operating matrix, analysts have a very different potential return estimate for each of them.
Economic Times

Foreign inflows in Asian stocks surge in March on rate cut prospects, China data - 8 months ago
​Asian stocks saw robust demand from overseas investors in March, marking their best quarter for foreign inflows in over three years, amid prospects of accommodative monetary policies from major central banks and positive Chinese economic indicators.
Economic Times

Rahul Gandhi's bet on record Dalal Street rally makes him richer - 8 months ago
Rahul Gandhi, who is contesting from Wayanad in the southern Indian state of Kerala, didn’t hold any stocks directly in 2019, according to an affidavit filed at that time. His stock exposure comes as Indian equities surge on investor optimism in world’s fastest-growing major economy.
Economic Times

Zomato, PB Fintech among 6 stocks that hit new 52-week highs on Friday - 8 months ago
Indian shares were flat on Friday, paring earlier losses as real estate stocks got a boost from the country's central bank standing pat on rates, while IT stocks dropped amid uncertainty around US interest rate cuts. Meanwhile, in today's trading session, six stocks from the Nifty200 index reached new 52-week highs. Here's the list:
Economic Times

Marico reports positive revenue growth in Q4 after three quarters; stock jumps - 8 months ago
During the quarter, the company said FMCG demand sentiment stayed consistent vis-à-vis the preceding quarters with trends in urban and rural consumption largely converging.
Economic Times

Financial service stocks: Some hit by headwinds, for some tailwinds are back, only waiting for …….. to be back - 8 months ago
All of a sudden yesterday, one stock which led the turnaround of the market was HDFC bank. There were two announcements, first regarding business and second regarding the shareholding changes in the last one quarter in which the stake of FII had come down. In normal cases a decline in FII holding is seen as negative but the reaction of the street was positive in this case. The reason was technical in nature because of buying which could emerge due to MSCI adjustment. But the fact is that every single stock in the financial services space has an element of high FII exposure and because they have been sellers for quite some time, these stocks have not performed as well when compared to other sectors. But as soon as they are back, which probably might be in the second half of the year, these stocks may be back in the limelight. But because each of the subsegments of the financial service space has its own operating matrix, analysts have a very different potential return estimate for each of them.
Economic Times

European stocks sink at open - 8 months ago
Europe's main stock markets tumbled in opening deals on Friday as a global selloff gathered pace. Asian stocks mostly fell Friday and oil extended the previous day's surge on worries that Israel's war with Hamas could widen to a regional conflict with Iran as both sides ratcheted up tensions.
Economic Times

Pharma stock gets ready to rally 6% as metal player aims at 7% rise - 8 months ago
As we continue to approach the markets on a defensive note, this pharma stock has attempted a strong breakout. The stock is set to move meaningfully higher from its current levels.
Economic Times

First-quarter flows to tech stocks third largest on record - BofA - 8 months ago
Cash equivalent money market funds saw $81.8 billion of inflows in the week to Wednesday, the largest in 13 weeks, BofA said in its weekly roundup of flows in and out of world markets, which cites data from EPFR.
Economic Times

Realty stocks jump over 7% after RBI MPC leaves repo rate unchanged - 8 months ago
The policy was a non-event for other rate-sensitive sectors like banks and auto. Nifty Bank was up by 0.40% at 48,242,on account of gains in HDFC Bank.
Economic Times

BPCL, IOC 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 Friday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

Aditya Birla Capital spurts 30% to 52-week high in April; should you buy, sell or book profits? - 8 months ago
Aditya Birla Capital soared to a 52-week high post-Macquarie report, with bullish momentum and positive outlook. Experts recommend holding for investors and buying on dips towards Rs 170-175 for a short-term target of Rs 250.
Economic Times

Japan's Nikkei slumps in worst week since Dec 2022 as tech tumbles - 8 months ago
The Nikkei dropped 1.96%, or 781 points, to 38,992.08, bringing its loss for the week to 3.41%.
Economic Times

Prestige Estates shares rise over 3% on acquisition of a 21-acre land parcel in Bengaluru - 8 months ago
As per Trendlyne data, the average target price of the stock is Rs 1,244, which shows a downside of 4% from the current market prices. The consensus recommendation from 16 analysts for the stock is a 'Buy'.
Economic Times

Tata Chemicals, Ipca Lab 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. During Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Economic Times

Weekly Top Midcap Picks: These stocks scored 10 on 10 on Stock Reports Plus - 8 months ago
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Economic Times

Technical Stock Pick: This FY24 multibagger stock breaks out from inverse head & shoulder pattern - 8 months ago
Varroc Engineering stock's breakout from inverse Head & Shoulder pattern led to a significant wealth increase for investors. Short-term traders eye Rs 600 target as experts anticipate a bullish trend towards Rs 595-613 in the coming weeks.
Economic Times

4 defence stock picks by Prabhudas Lilladher that can rally up to 24% - 8 months ago
Domestic brokerage firm Prabhudas Lilladher in its recent report has listed thematic technical picks from the defence sector. Take a look:
Economic Times

RBI leaves repo rate unchanged; retains “withdrawal of accommodation” stance - 8 months ago
RBI maintains 6.50% repo rate after 3-day meeting, focusing on withdrawing accommodation. Supported by 5 of 6 MPC members. Minimal market impact on Sensex, Nifty 50.
Economic Times

Smallcap Aavas Financiers’ shares jump 8% on Q4 disbursement uptick. Check details - 8 months ago
Aavas Financiers shares surged 8% on NSE to Rs 1,551.95, driven by 20% disbursement growth. AUM was at Rs 17,300 crore with 22% uptick. 21 new branches have opened, totaling 367.
Economic Times

Ashish Kacholia-backed Radiowalla Network lists at 58% premium over IPO price - 8 months ago
Radiowalla Network, supported by Ashish Kacholia, saw a 57.9% premium on NSE SME. The oversubscribed IPO's proceeds will enhance B2B services, AI playlists, and DOOH ads, with FY23 revenue at Rs 14 crore.
Economic Times

As FY25 starts with a bang, will Dalal Street bulls see history repeating in Q1? - 8 months ago
Dalal Street bulls anticipate FY25 Q1 amidst general elections, seeking clarity on market trajectory. Experts foresee volatility and a potential pre-election rally due to increased liquidity and bullish sentiment.
Economic Times