Stock market scam: Pune woman sells jewellery, loses Rs 24 lakh in share trading fraud - 8 months ago
The woman, whose case was reported in Pune’s Sinhagad Road police station, lost money between January 2 and February 4. She is said to have started her trading journey with a mobile phone application, which the conmen had asked her to download.
Economic Times

Coal India, Vedanta among 5 metal stocks that recorded highest profit in Q3 - 8 months ago
BSE Metal index has delivered 46% returns in the last year, outperforming BSE Sensex which has risen 26% in the same period. Ahead of the fourth quarter earnings season, here's the list of companies that have recorded the highest profit among peers in the December quarter. Take a look:
Economic Times

Tech View: Nifty forms small green candle on weekly chart. What traders should do next - 8 months ago
Nifty’s short-term trend remains positive. A sharp move above the hurdle of 22,200-22,300 levels could pull the index towards new all-time highs around 22,550 levels. The index has witnessed two days of recovery following a Doji formation on the daily chart, indicating a bullish reversal
Economic Times

Quantum MF votes against ICICI Bank-ICICI Securities’ proposed merger scheme - 8 months ago
ICICI Bank wants to merge its 75% subsidiary ICICI Securities with itself offering investors 0.67 shares of ICICI Bank for every one share in ISEC.
Economic Times

IDFC First Bank CEO V Vaidyanath gifts 7 lakh shares to 5 people - 8 months ago
Vaidyanathan is known for generously gifting shares to friends and for philanthropic reasons, and he is at it again. The banker has gifted 7 lakh shares of IDFC First Bank worth Rs 550 crore this time.
Economic Times

Which Indian conglomerate saw highest m-cap addition in FY24? Take a look - 8 months ago
Sanjiv Goenka Group emerges as the top conglomerate in India to add the highest m-cap in financial year 2024. Here's a quick look at the others too. (Data source: ET NOW)
Economic Times

Tech View: Nifty forms small green candle on weekly charts. What traders should do next - 8 months ago
Nifty’s short-term trend remains positive. A sharp move above the hurdle of 22,200-22,300 levels could pull the index towards new all-time highs around 22,550 levels. The index has witnessed two days of recovery following a Doji formation on the daily chart, indicating a bullish reversal
Economic Times

IDFC First Bank CEO repays Rs 1,000 loan from an old friend with shares worth Rs 2 crore - 8 months ago
V Vaidyanathan of IDFC First Bank gifts 7 lakh shares worth Rs 5.5 crore to individuals, including an Air Force veteran and a child who lost his parent. The banker, who owns around 1% stake in the private sector lender, has so far gifted around Rs 80 crore worth of shares to friends and those in need.
Economic Times

SAIL, PVR INOX 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 security from extreme bearishness to bullishness. In Friday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

IDFC First Bank CEO returns Rs 1,000 loan given by an old friend with shares worth Rs 2 crore - 8 months ago
V Vaidyanathan of IDFC First Bank gifts 7 lakh shares worth Rs 5.5 crore to individuals, including an Air Force veteran and a child who lost his parent. The banker, who owns around 1% stake in the private sector lender, has so far gifted around Rs 80 crore worth of shares to friends and those in need.
Economic Times

Stock market scam: Pune woman sells jewellery, loses Rs 24 lakh to share trading fraud - 8 months ago
The woman, whose case was reported in Pune’s Sinhagad Road police station, lost money between January 2 and February 4. She is said to have started her trading journey with a mobile phone application, which the conmen had asked her to download.
Economic Times

Sensex rises for 3rd day, ends 191 pts higher despite Accenture worries; Nifty above 22,050 - 8 months ago
Benchmark indices rose despite Accenture's warning. Sensex increased by 191 points to 72,832, Nifty by 85 points to 22,097. BSE market cap surged by Rs 2.28 lakh crore. Sun Pharma, Maruti Suzuki, IndusInd Bank, and Titan led gains.
Economic Times

Infosys block deal: Over 49 lakh shares change hands; stock falls 3.6% - 8 months ago
A sector laggard, Infosys has given returns of nearly 9% over a year at a time when the Nifty IT index delivered over 25% returns. Its performance is even worse in comparison to broader Nifty's gains of 28% in the same period.
Economic Times

Is the bottom of the pyramid also a big opportunity? 4 small finance banks with upside scope of up to 41% - 8 months ago
While it's commonly thought that auto and FMCG companies are prime indicators of the rural economy's health due to their direct consumer engagement, small finance banks (SFBs) may actually provide a clearer picture of the rural and semi-urban economic landscape. This clarity comes from their operational focus on these less urbanized areas and their direct involvement in lending to local businesses. Despite facing various challenges, SFBs have seen growth, driven largely by the unmet demand for capital at reasonable interest rates in rural areas. They offer credit to the bottom of the pyramid, at more favorable rates compared to traditional options which were available till a few years back, filling a critical gap.
Economic Times

Technical Stock Pick: Why investors can go long on RIL post recent dip, Shilpa Rout explains - 8 months ago
If the momentum continues, short-term traders can look to buy the stock for a possible target of 3300 in the next 3-4 weeks, suggest experts.
Economic Times

Nifty financial service stocks including banks: Challenges have been a part of growth trajectory, 6 stocks with more than 18 % upside potential - 8 months ago
One or the other thing keeps the financial financial services sector stocks in news. Right from regulatory changes to global developments impacting the cost of capital, the financial service sector tends to deal with multiple headwinds at the same time. But over the long term the demand is so high that despite all the accidents and headwinds which companies in this sector face, the overall trajectory of the sector is upward. Yes, the rate of growth in the different sub segments are very different and so are the returns in the short term. As a sector, it has been going through structural changes. Right from the entry of the new age fintech players in every subsegment to whose target is to get business by reducing the cost of transactions to mega mergers.
Economic Times

Maruti Suzuki, ABB India among 4 stocks that hit new 52-week highs on Friday - 8 months ago
The benchmark BSE Sensex and Nifty rose on Friday, as sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. Meanwhile, in today's trade, four stocks from the Nifty200 index hit a new 52-week high. Here's a list:
Economic Times

European stock markets diverge at open - 8 months ago
Europe's main stock markets opened mixed Friday following divergence across major Asian indices, as traders assessed the outlook for interest rates in a week dominated by central bank policy. London's FTSE 100 index won 0.1 percent to 7,892.47 points, having closed up almost two percent Thursday as the Bank of England signalled it could start cutting interest rates in the coming months.
Economic Times

Government not in favour of regulatory intervention in stock markets: Report - 8 months ago
In February, the market regulator had asked the Association of Mutual Funds in India (AMFI) to put in place a framework to regulate the flows into the midcap and smallcap funds which have been unprecedented in the last one year.
Economic Times

Stock markets shut on Monday for Holi, to open for only 3 days next week - 8 months ago
Indian equity markets to remain closed on March 25 for Holi. MCX to have morning closure and evening opening. No trading for agri-commodity.
Economic Times

IREDA shares hit 5% upper circuit on fundraising plan - 8 months ago
​Shares of the state-owned Indian Renewable Energy Development Agency (IREDA) climbed 5% to hit an upper circuit at Rs 138.6 on BSE after the firm declared plans to raise Rs 24,200 crore in FY 2024-25 through borrowing.
Economic Times

BAT’s stake sale in ITC to trigger $50 million inflows as Sensex adjustment comes into effect: Nuvama - 8 months ago
On March 13, the London-based company sold shares at an average selling price of Rs 404.40 per share in block deals to institutional investors. The stake sale was worth about Rs 17,500 crore. BAT, which makes Dunhill and Lucky Strike cigarettes, sold 43.68 crore shares after which its shareholding in ITC fell down to 25.5% from 29%.
Economic Times

Serial gifter! IDFC First Bank CEO gifts 7 lakh shares to retired Air Force officer, 4 others - 8 months ago
While philanthropic acts are not uncommon in India Inc, Vaidyanathan has a peculiar style of gifting company shares.
Economic Times

India’s equity volumes shrink by almost half amid smallcap rout - 8 months ago
The daily cash trading volume has shrunk to $10 billion from a record $19 billion in early February, with recent sessions account for the bulk of the decline, data compiled by Bloomberg show.
Economic Times

Technical Stock Pick: Why investors can go long in RIL post recent dip, Shilpa Rout explains - 8 months ago
If the momentum continues, short-term traders can look to buy the stock for a possible target of 3300 in the next 3-4 weeks, suggest experts.
Economic Times

Infosys, Wipro among 5 stocks with short buildu - 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

Brigade Enterprises shares jump 8% on Kotak Equities’ upgrade - 8 months ago
Notwithstanding the Bengaluru water crisis that could potentially impact the construction activity in the state capital, Brigade's underlying business prospects remain strong with strong performance across business segments, Kotak noted.
Economic Times

KP Green Engineering shares list at 39% premium on BSE SME platform - 8 months ago
KP Green Engineering's successful IPO on BSE SME with a 39% premium led to a Rs 189 crore fresh equity sale. The company plans new products at an expanded plant amid India's growing steel production.
Economic Times

Enfuse Solutions debuts with 20% premium over issue price - 8 months ago
Enfuse Solutions had a successful debut on NSE SME platform with a 19.8% premium. IPO received overwhelming response. Business areas include data management, analytics, machine learning, and AI. Hem Securities led the IPO.
Economic Times

Enser Communications debuts with 3% premium over IPO price - 8 months ago
The net proceeds from the public offer will be used for setting up of a new service unit, working capital requirements, issue expenses and general corporate purposes.
Economic Times

IIFL Finance among 10 smallcaps that lost most from 52-week high levels - 8 months ago
From the Nifty Smallcap 100 pack, only one stock has lost over 50% from its 52-week high while 16 have dropped between 30-50%. Some 43 stocks are down between 20-29% and 40 have dropped in the range of 10-19%. (Data Source | ET NOW | Figs as of March 20)
Economic Times

Smallcap rout dents Indian equity volumes amid big block deals - 8 months ago
The daily cash trading volume has shrunk to $10 billion from a record $19 billion in early February, with recent sessions account for the bulk of the decline, data compiled by Bloomberg show.
Economic Times

E-commerce stock and a retail player line up with gain potential of 4% - 8 months ago
Nifty strengthened during the day and managed to hold on to its gains.
Economic Times

Sebi wants stock brokers to use only strong bank FDs, guarantees to settle trades - 8 months ago
The plan, yet to be finalised, would entail laying down a minimum capital or net worth and a floor credit rating criteria that banks will have to meet.
Economic Times

HCL Tech, TCS, Infosys, other IT stocks drop up to 5%. Blame it on Accenture - 8 months ago
IT giants' shares drop as Accenture reduces FY24 revenue forecast, impacting Nifty IT index. Global peer's muted guidance affects market view. Analysts expect varied performance in FY25. Despite challenges, positive outlook for Indian IT sector growth prevails.
Economic Times

Fundamental Radar: What’s likely to strengthen Hindalco’s foothold in the industry? - 8 months ago
The acquisition of US-based Novelis back in 2007 made Hindalco the world’s largest aluminium rolling company. Novelis is a key contributor to Hindalco’s earnings, commanding more than 50% of EBITDA earnings share.
Economic Times

FII bulls find their way back to Dalal Street, pour in Rs 43,900 crore in 13 sectors - 8 months ago
Foreign Portfolio Investors made a comeback to Dalal Street in March, investing Rs 43,900 crore across various sectors. Sectors like consumer goods, financial services, and telecommunications saw significant inflows, while IT, oil & gas, and healthcare sectors faced sell-offs.
Economic Times

Hot Stocks: Brokerages on HDFC Bank, RIL, Dr Lal PathLabs and Shriram Finance - 8 months ago
Jefferies, UBS, and Bernstein provide buy ratings on various companies with target prices. Jefferies recommends BUY on Shriram Finance as it sees steady asset quality. UBS is optimistic about the earnings visibility and consumer businesses of RIL.
Economic Times

IT bluechips drag Sensex over 400 points lower, Nifty below 21,950 - 8 months ago
Despite losses, the Nifty breadth remained positive with 31 stocks trading in the green while remaining 19 in the red. The top five losers were all IT counters viz. HCL Technologies, Infosys, Tata Consultancy Services (TCS), Wipro and LTIMindtree while the top gainers were Sun Pharmaceuticals, Cipla, UPL, Bharti Airtel and Titan Company.
Economic Times

Japan's Nikkei hits record high on Wall Street gains, weaker yen - 8 months ago
The Nikkei rose to as high as 41,087.75 earlier in the session, crossing the 41,000 level for the first time. The index ended 0.07% higher at 40,844.53 by the midday break.
Economic Times

Asia shares on a roll as SNB kicks off rate cuts - 8 months ago
MSCI's broadest index of Asia-Pacific shares outside Japan ran into some profit taking in early trade on Friday after jumping nearly 2% in the previous session, and was last 0.17% lower. Still, the index was on track to gain more than 1% for the week.
Economic Times

Hong Kong-listed Samsonite plans dual listing in hunt for investors - 8 months ago
Samsonite joins global names such beauty-shop chain L'Occitane and fashion house Prada in searching for options beyond Hong Kong, where valuations have dropped in the decade since booming private wealth persuaded non-Asian brands to raise their profile in the region.
Economic Times

Wall Street hits record closing highs on rate-cut optimism; chip sector rallies - 8 months ago
Broadcom shares ended up 5.6% after TD Cowen upgraded its rating of the stock to "outperform". Shares in Nvidia were also a big boost as it added more than 1%while the Philadelphia Semiconductor index rallied 2.3%.
Economic Times

Reddit shares end trading up 48% in market debut - 8 months ago
While Reddit still relies on advertising for the vast majority of its revenue, it touted AI in its IPO marketing roadshow as an area of growth. It also disclosed last week that the U.S. Federal Trade Commission is looking into its AI data licensing deals.
Economic Times

FPIs pick out FMCG from trough, telecom & financials - 8 months ago
The FMCG sector received the highest inflows of ₹11,180 crore after witnessing selling worth ₹4,472 crore last month. In 2023, shares in the sector received ₹2,916 crore.
Economic Times

Hindustan Zinc may put off demerger - 8 months ago
In a letter to the mines ministry this month, HZL said it wouldn't push ahead with any demerger proposal that the government disapproves of and that it would take the Centre on board while adopting such a plan, people aware of the details told ET. "The matter is going to be put off, although the company would take a formal decision in due course," one of them said.
Economic Times

Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods - 8 months ago
The proposed deals reflect increasing investor interest in the ready-to-eat packaged foods categories, as convenience and accessibility drive aspirational demand of western-style foods even in tier-3 and 4 markets. On top of that, quick commerce and ecommerce are enabling impulse consumption and deeper reach. Both potential deals are expected to be housed in the new $150 million roll-up platform for packaged foods.
Economic Times

Novo Nordisk owner joins the race for Healthium Medtech - 8 months ago
Novo Holdings is the latest challenger in a hotly contested bidding process for Healthium, 99.8% owned by Apax Partners. Buyout funds KKR, Hillhouse, EQT, Blackstone and TA Associates among others have already been shortlisted after the initial rounds, ET reported on March 11. Novo Holdings' foray is expected to exacerbate competition for Healthium, which has been valued by rival bidders at Rs 6,500-7,000 crore. Due diligence for the company is underway.
Economic Times

P2P lenders to stop ‘liquid funds’ as RBI peers into business - 8 months ago
The initiative by the Association of P2P Lending Platforms comes on the back of sharp displeasure expressed by the country’s banking regulator over a spate of such products offering attractive interest rates and instant liquidation options to retail investors.
Economic Times

Stocks in news: Infosys, Wipro, Tata Chemicals, Prestige Estates, Tata Communications - 8 months ago
Prestige Group announced its latest acquisition of 62.5 acres of prime land in Indirapuram Extension, NCR. This strategic acquisition marks a significant milestone for Prestige Group as it expands its footprint in the dynamic real estate market of NCR.
Economic Times