IndusInd Bank, HCL Tech 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 Thursday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

RBL Bank shares jump over 5% on Q4 business update - 8 months ago
The private lender has reported deposits of Rs 1,03,454 crore for the quarter ended March. This represents a growth of 22% compared to the same period last year and a 12% increase from the previous quarter, according to preliminary figures.
Economic Times

9% gains on cards from an auto stock and a private bank - 8 months ago
Nifty started slow and reduced pace even further. But it found energy to close almost flat.
Economic Times

RBL Bank, Coforge 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 Thursday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Economic Times

60% of stocks in Vanguard's India portfolio lag in 2024 - 8 months ago
Vanguard's India stock portfolio struggled in 2024, with major laggards like Zee Entertainment. Despite setbacks, top performers like Indiabulls Real Estate and Tata Motors DVR show promising growth potential in Vanguard's diverse holdings.
Economic Times

Ray Dalio defends his decades-long investment in China - 8 months ago
Dalio said China’s problems are manageable now if “Chinese leaders do their job well by being both smart and courageous.”
Economic Times

JP Morgan upgrades Persistent Systems, KPIT Tech and LTIMindtree ahead of Q4 results - 8 months ago
​In a significant move, JP Morgan, one of the leading global financial institutions, has announced a series of upgrades and adjustments for several key players in the Indian IT sector ahead of the fourth-quarter results.
Economic Times

Hot Stocks: Brokerage view on L&T Finance, Federal Bank, D-Mart and RBL Bank - 8 months ago
Citigroup maintains sell rating on RBL Bank with Rs 257 target. Macquarie has outperform rating on D-Mart with Rs 4500 target. Avenue Supermarts shows stable sales growth. Federal Bank also under Citigroup's sell rating at Rs 135.
Economic Times

Fundamental Radar: ICICI Pru Life can see 6% CAGR in VNB over 3 years, here’s why - 8 months ago
With IRDAI releasing new regulations related to surrender charges, which are significantly better than the exposure draft, the concern on likely pressure on VNB margins in the non-par segment is now behind. ICICI Prudential Life Insurance has maintained healthy traction in VNB growth and is likely to deliver a 6% CAGR over FY23-26, says Sneha Poddar of Motilal Oswal Financial.
Economic Times

Trust Fintech stock lists at 42% premium on NSE SME platform - 8 months ago
Trust Fintech debuted on NSE SME platform at a 41.8% premium. The IPO had overwhelming investor response, issuing 62.82 lakh shares. Proceeds will be utilized for various purposes including development and global expansion.
Economic Times

7 Indian stock picks inspired by Peter Lynch's hunting style - 8 months ago
Peter Lynch, an American investor and mutual fund manager, is best known for growth at a reasonable price approach to investing. Lynch is often associated with the PEG ratio which measures PE ratios in relation to growth rates. Based on the idea of Lynch, a custom screen made by MarketSmith emphasizes securities that are trading for below-average prices on a PE or PEG basis that are not already widely owned by institutions.
Economic Times

Fresh Peaks! Sensex surges 500 pts led by gains in HDFC Bank, Nifty scales Mt 22,600 - 8 months ago
Indian indices reach record highs ahead of RBI's decision. HDFC Bank reports strong growth. Power Grid, Axis Bank, Kotak Bank, Avenue Supermarts, KEC International show positive movement.
Economic Times

Nikkei leads Asia higher as yen skids; commodities in demand - 8 months ago
There was also action in commodities as gold reached another record, oil a five-month peak and copper a 13-month top, helping lift shares in basic materials and energy companies.
Economic Times

GIFT Nifty up 70 points; here's the trading setup for today's session - 8 months ago
"The US Fed Chair Powell's speech will be keenly watched. We expect the market to consolidate over the next few days until the events unfold," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Economic Times

S&P 500, Nasdaq close slightly higher after soft services sector data - 8 months ago
Powell reaffirmed in a speech on Wednesday that the Fed will stick to its wait-and-see approach as it considers when to start cutting rates given the continued strength of the U.S. economy and recent higher-than-expected inflation data.
Economic Times

Stock Radar: Time to buy? GSFC stock consolidating near 180-200 zone, says Vaishali Parekh - 8 months ago
“After the decent correction from the high of 316, GSFC stock has consolidated near the 180-200 zone. Traders can buy for a target of Rs 280 in the next 1-2 months,” Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd., said.
Economic Times

Religare chief Saluja sells 2 million shares in open market - 8 months ago
As per the disclosure on NSE on April 2, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27, and 7.21 lakh shares on March 28. Following the transaction, Saluja’s holding in REL is reduced to 0.81% from 1.23%.
Economic Times

Vi board meets Saturday to discuss Rs 20,000 cr fundraise - 8 months ago
Vodafone Idea (Vi) plans to raise funds via a preferential share issue on April 6, following shareholders' approval of a proposal to raise ₹20,000 crore through equity and equity-linked instruments. The company expects to complete the equity fund raise by the end of June, with promoters expected to infuse around ₹2,000 crore.
Economic Times

Ashdan properties leads race to acquire Rolta India - 8 months ago
Ashdan made a ₹850-crore cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decided not to go ahead with another round of bidding, people familiar with the matter said. In February, the Mumbai bench of the National Company Law Tribunal (NCLT) had allowed lenders to seek rebids for Rolta following a plea by Baba Ramdev's Patanjali Ayurved to make an offer for the company after the deadline for submitting fresh bids lapsed.
Economic Times

Small merchants join UPI, size of payments falls - 8 months ago
Average ticket size of UPI transactions fell 8% to ₹1,515, while average credit card ticket size rose 8% to ₹5,276, according to data from Worldline.
Economic Times

Be wary of Ads by investment gurus, many are tips by fraudsters - 8 months ago
Many of these groups claim to be run by investors, fund managers, and advisers including Porinju Veliyath, Madhusudhan Kela, Ashish Kacholia, Anup Maheshwari and Rachana Ranade, among others. Some of them even claim to be run by popular television anchors.
Economic Times

SBI, Standard Chartered do a CDS trade under new RBI norms - 8 months ago
"This landmark transaction marks a pivotal moment in credit risk management and underscores the growing sophistication of financial instruments in the Indian market," said Parul Mittal Sinha, Head - Financial Markets, India, Standard Chartered Bank.
Economic Times

Pabrai Investment sells shares in Edelweiss Financial Services - 8 months ago
Shares of Edelweiss Financial Services gained 5.1% to close at ₹73.4. In the past month, the company's shares have declined 5.3%.
Economic Times

Have unclaimed dividends and shares? You can recover them - 8 months ago
According to industry estimates, around ₹55,700 crore of shares and dividends have been shifted to the government's Investor Education and Protection Fund (IPEF) as they were lying unclaimed in demat accounts for several years.
Economic Times

Stocks in news: Vodafone Idea, Aster DM Healthcare, DMart, Vedanta, RBL Bank - 8 months ago
DIFC Dubai Branch has arranged for syndicated term loan of $500 million ($400 million and Green Shoe of $100 million) in two tranches with tenure of 3 years and 5 years.
Economic Times

More companies offer IVF coverage even as they rationalise costs - 8 months ago
Rising IVF coverage in corporate health insurance renewals with sub-limits managing premiums. Firms add cosmetic benefits amid medical inflation. Growth attributed to health and wellness benefits.
Economic Times

PFC pays Rs 2,033 crore interim dividend to govt for FY24 - 8 months ago
PFC paid ₹2,033 crore dividend to the government for FY23-24 in three instalments. Highest-ever interim dividend presented to RK Singh. Total interim dividends of ₹3,630 crore distributed. PTI reported the record dividend payments.
Economic Times

Cutting rates too soon could be 'quite disruptive': Powell - 8 months ago
The US central bank has held interest rates at a 23-year high of between 5.25 and 5.50% as it seeks to bring inflation firmly down to its long-term target of two percent.
Economic Times

Stock Radar: GSFC shows signs of trend reversal after falling 30% from highs - 8 months ago
The fertiliser stock hit a record high of Rs 322 on January 23 but failed to hold the momentum. It closed at Rs 213 on April 1, which translates into a downside of about 30%. After undergoing a steep correction in a matter of months, the stock picked up momentum in the last 5 trading sessions.
Economic Times

Intel slides 7% as foundry business loss spotlights wide gap with rival TSMC - 8 months ago
Intel faces challenges with chip-making, resulting in a 7% stock drop. Analysts anticipate a $12 billion market value loss, while CEO Gelsinger foresees losses peaking in 2024 before breaking even by 2027.
Economic Times

US stocks gain as services sector data eases fears of hawkish Fed stance - 8 months ago
Wall Street's main indexes rose on softer services sector data, easing concerns about cautious monetary policy. Investors focused on upcoming jobs report to assess the U.S. economy's strength and potential Fed rate cuts.
Economic Times

Executive chairperson Rashmi Saluja sells over 20 lakh shares of Religare Enterprises - 8 months ago
As per the disclosure on NSE on April 2, Saluja sold 6.18 lakh shares on March 26, 6.70 lakh shares on March 27, and 7.21 lakh shares on March 28. Following the transaction, Saluja’s holding in REL is reduced to 0.81% from 1.23%.
Economic Times

Fed's Powell repeats there is time to deliberate over rate cuts - 8 months ago
Inflation, based on the Fed's preferred measure, remains half a percentage point or more above the central bank's target, and recent progress has been minimal. That has left some officials discounting the need for lower interest rates until near the end of this year.
Economic Times

SRM Contractors makes flattish debut despite robust response for IPO. What investors should do - 8 months ago
Analysts said the strong overall subscription of 86.57 times for the IPO also added to the surprise of the flat listing. Keeping aside the listing gains, analysts see a compelling proposition for investors with a long-term perspective.
Economic Times

Vodafone Idea board meet on April 6 to mull preferential issue of equity shares - 8 months ago
This comes after the telecom operator on Tuesday received shareholders’ approval to raise Rs 20,000 crore through equity linked instruments. Besides raising funds via equity, the cash-strapped operator is also engaging with its lenders for tying up debt funding.
Economic Times

NSE to introduce 4 new indices in capital, F&O segments from April 8 - 8 months ago
The Nifty Tata Group 25% Cap index consists of 10 companies, and is based on the free float market cap method, NSE said. The Nifty500 Multicap India Manufacturing 50:30:20 Index will track the performance of select largecap, midcap, and smallcap stocks from the Nifty 500 index that represent the manufacturing theme.
Economic Times

US stocks fall at open as private payrolls beat estimates - 8 months ago
The Dow Jones Industrial Average fell 30.65 points, or 0.08%, at the open to 39,139.59.
Economic Times

JK Cement looks well placed to take advantage of future demand scenario - 8 months ago
JK Cement has expanded capacity aggressively over the past few years. Between FY19 and FY24, the sector capacity increased by 4.8% annually while the company’s capacity rose by 16.1%. The company has higher exposure to markets with relatively stable demand. The northern region accounts for 61% of its capacity, central and southern regions form 19% and 16%, respectively, while the rest is contributed by the western region.
Economic Times

Market Trading Guide: Lemon Tree Hotels, IDBI among 5 stock recommendations for Thursday - 8 months ago
Indian stocks ended little changed on Wednesday, tracking Asian peers amid worries over a delay in rate cuts from the Federal Reserve. The S&P BSE Sensex closed 0.04% lower at 73,876, while the NSE Nifty50 index ended below the 22,450 level."The near-term uptrend of Nifty remains intact and a decisive move above 22,550 is likely to pull Nifty towards the next crucial hurdle of 22,800 levels in a quick period. Immediate support is at 22,300 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Here are 5 stock recommendations for Thursday:
Economic Times

Eyeing luxury goods? Here’s how much fancy returns they have given vs S&P 500 - 8 months ago
Some of the world's ultra-wealthy spend their money on luxury goods such as fine wine or one-of-a-kind art pieces as a passion, but others consider them investments — and their returns do often pay off.Over the past 10 years, rare whisky has been the best-performing luxury asset, appreciating 280% and even besting the S&P 500's gains. Here’s how luxury goods have performed over 10 years relative to the S&P 500. (Source: TOI)
Economic Times

Maruti Suzuki, Vedanta 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 Wednesday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Economic Times

Technical Breakout Stocks: How to trade Cochin Shipyard, Adani Power and Nalco on Thursday - 8 months ago
Sensex and Nifty settled lower for the second straight session on Wednesday. Sensex declined by 27 points. Nifty holds 22,400 level. Sectorally, buying was seen in utilities, power, public sector and IT stocks while realty, auto, and FMCG stocks saw some selling pressure.
Economic Times

Tech View: Nifty showing non-directional trend on charts; what should traders do on Thursday - 8 months ago
The Nifty 50 ended on a flat note after a volatile session on Wednesday as mixed cues from global markets triggered profit booking. Rollover of positions to the May derivative series ahead of the expiry of the April series added to the volatility.
Economic Times

Aurobindo Pharma, Hindustan Copper 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 Wednesday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Bigbasket to Tata Housing: Eight mega Tata Group IPOs to launch soon - 8 months ago
From BigBasket to Tata Housing, Tata Group is all set to launch an array of IPOs soon. Tata Group has been aggressively looking to scale up in new-age sectors like digital, semiconductors, EV batteries etc.
Economic Times

Vodafone Idea shareholders vote in favour of Rs 20,000 crore fundraise - 8 months ago
Shareholders of telecom company Vodafone Idea (Vi) have voted in favour of its proposal to raise Rs 20,000 crore through equity and equity-linked instruments. The results of the extraordinary general meeting (EGM) were announced on Wednesday.
Economic Times

Looking at smallcap stocks? Make a difference between the desire to buy and logic to own - 8 months ago
Knowing what is risky and managing those risks are two different things. Knowing risk is easy, but managing the risk is more complicated than it appears. If one has not learnt this lesson in the month of March, then probably he or she needs to seriously think about whether they should invest in stocks or not. At the start of March it was well known that valuations are high so it is risky to invest in small caps. But when the fall happened, how many were able to manage the risk of investing in small caps by hedging with selling nifty futures or any other way. Probably, not many. The fact is that the old theory of taking a short position in nifty futures or buy put options to hedge your portfolio works in large caps that too only if your portfolio selects large caps. In case of small caps, the only way to manage risk is to avoid the risk by not buying bad quality stocks which are flying high due to a narrative on the street.
Economic Times

Sensex closes flat after volatile session, Nifty below 22,450 - 8 months ago
Nestle India was the top Sensex laggard, falling 2.6% on worries over earnings growth in the sector. NTPC, Tech Mahindra, TCS, and Bharti Airtel ended with gains.
Economic Times

Pakistan's benchmark share index ends at record high - 8 months ago
The index is extending a rally that followed a staff-level agreement with the International Monetary Fund signed in March which, if cleared by the global lender's board, will release about $1.1 billion to the struggling South Asian nation.
Economic Times

Jindal Stainless to divest entire 26% stake in Jindal Coke by September - 8 months ago
Jindal Stainless on Wednesday said it aims to complete divestment of its entire 26 per cent stake in Jindal Coke by September this year.
Economic Times