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.

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%.

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.

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.

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.

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.

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.

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.

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.

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.

To start with, the new trade settlement system will run in tandem with the existing T+1 cycle in the equity cash market. It will be applicable for 25 stocks and only select brokers can participate in the new system, said the regulator.

RBI deputy governor Swaminathan J discussed the rise of 'agile' fintech platforms at the Global Money Week 2024 in Paris, emphasizing the need for robust regulatory frameworks, cybersecurity measures, and consumer awareness to mitigate fraud risks.

India's central bank sets guidelines for SROs including grievance redressal mechanisms, non-discriminatory fees, and adherence to regulatory standards to ensure fair and transparent operations in various sectors.

The BSE Sensex gained 0.75% or 539.50 points to close at 72,641.19, while the Nifty advanced 0.79% or 172.85 points to close at 22011.95.

A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 16% and 78% as per analysts’ price targets.

NHPC, Yes Bank, Zee Entertainment, IDFC First Bank, SAIL, Poonawalla Finance, Indiabulls Housing, Bandhan Bank, Rail Vikas Nigam, NMDC and Ircon International are among the stocks that these investors have bought using margin funding, according to stock exchange data compiled by ET.

Tata Elxsi faces support above 7,300 levels after a 17% fall. Experts anticipate a bullish trend towards 8,000 levels, recommending buying for a target of 8,600–9,000 with a stop loss near 7,200.

Wall Street hits record highs driven by chip stocks. Micron Technology surges on strong performance. Federal Reserve maintains three-rate-cut view. Market anticipates June rate cut. Americans' jobless claims fall unexpectedly, signaling robust job growth.

Micron Technology achieved a record high on a robust revenue forecast driven by AI hardware demand, lifting the chip index by 3%. The company's HBM chips are in high demand, contributing to its market value increase.

It raised the money amid an ongoing dispute with DLF and Shapoorji group, which alleged that a Hubtown-linked entity connived with Omkara ARC and PNB Housing Finance to gain control over a company that has land assets valuing Rs 10,000 crore.

Indian shares rose on Friday, helped by metals stocks. The S&P BSE Sensex closed 0.75% higher at 72,641, while the NSE Nifty50 index ended above the 22,000 level.On the daily charts, we can observe that the index is in the process of retracing the fall it has witnessed from 22,526 – 21,710. The key retracement levels are placed at 22,118 – 22,214. So, the rally is likely to continue over the next few trading sessions. Intraday dips towards support zone 21,950 – 21,930 should be used as a buying opportunity, said Jatin Gedia of Sharekhan.Here are 5 stock recommendations for Friday:

Indian shares rose on Friday, helped by metals stocks. The S&P BSE Sensex closed 0.75% higher at 72,641, while the NSE Nifty50 index ended above the 22,000 level.On the daily charts, we can observe that the index is in the process of retracing the fall it has witnessed from 22,526 – 21,710. The key retracement levels are placed at 22,118 – 22,214. So, the rally is likely to continue over the next few trading sessions. Intraday dips towards support zone 21,950 – 21,930 should be used as a buying opportunity, said Jatin Gedia of Sharekhan.Here are 5 stock recommendations for Friday:

The IT industry has been grappling with sluggish demand for software and consulting services as high interest rates discouraged enterprises from discretionary spending.

Wall Street hits record highs on chip stocks surge and positive Micron forecast. Federal Reserve stays on track with rate-cut plans. Market reacts positively with strong job growth and tech stock advances.

HSBC has identified 8 midcap stocks, which could give up to 58% returns. It has dispelled fears of a deeper correction in midcaps from here, like what happened in 2018 when the BSE Midcap index fell by over 13%.

The Board, at its meeting earlier on Thursday, also approved the appointment of Gayatri Prasad, General Manager (Finance) as the Chief Financial Officer of the company, consequent to a cessation of Srinivasulu as Director (Finance) and CFO on January 31.

Sensex and Nifty closed in the green on Thursday. Power, infrastructure, public sector and realty stocks saw buying action.

The Dow Jones Industrial Average rose 148.90 points, or 0.38%, at the open to 39,661.03.

Nifty on Thursday ended 173 points higher to test the immediate hurdle of short-term moving average i.e. 20-EMA, but it couldn’t surpass it amid weekly expiry.

The BoE kept the rate steady for a fifth meeting in a row, mirroring a similar decision by the US Federal Reserve on Wednesday.

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 Thursday's trading session, five stocks saw top short covering. Here's the list:

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month. The central bank said Thursday that its "monetary policy stance will be tightened in case a significant and persistent deterioration in inflation is foreseen".

Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%. The firm has been grappling with sluggish demand for its IT and consulting services as high interest rates slam the brakes on an industry that benefited from breakneck growth during the pandemic.

Sebi introduces beta T+0 trade settlement cycle alongside T+1 for 25 scrips with limited brokers. Investors must meet process and risk requirements. There will be one continuous session from 09:15 am-1:30 pm. The surveillance measures that are currently applicable in the T+1 settlement cycle will also be applicable to scrips in the T+0 settlement cycle.

Investors are often on the lookout for stocks that can deliver solid dividends. Axis Securities has enlisted 10 largecap stocks that have the highest dividend yields in the last 1 year. The list includes names like Vedanta, Coal India, and Hindustan Zinc, among others. Here's the full list

Price of natural rubber, a major raw material, trades at a near decade high level. Any change in the spot prices of inputs affects the financials of tyre companies with a lag of 60-90 days. The current surge in rubber price is expected to reduce the gross margin by 150-200 basis points and may lead to an earnings downgrade of 8-12% for the next fiscal year.

Analysts said the positive listing signifies some investor confidence in Krystal's comprehensive service offerings, diverse customer base, and strong financial track record.

The gains in OMC stocks come on the back of a favourable coverage by Japanese brokerage Nomura which remains bullish on the prospects of the state-run refiners. However, Macquarie and Kotak Institutional Equities hold bearish views on them amid likely pressure on margins.

Indian equity indices joined a global equity rally on Thursday after the U.S. Federal Reserve maintained its projection of three rate cuts this year, with metals leading the charge on the back of a softer U.S. dollar. Meanwhile, in today's trade, five stocks from the Nifty500 index touched a new 52-week high. Here's a list:

Amid a selloff in mid & smallcap indices, we look at the midcaps that have faced the maximum selling brunt. From the Nifty Midcap 100 pack, more than two stocks are down over 50%, nine stocks are down between 30-50%, 27 counters have lost 20-29% and 53 have fallen 10-19%. Here's a look at the top laggards: (Source | ET NOW)

The basic resources sub-index led sectoral gains with a 2.7% jump as prices of most metals climbed after the U.S. Federal Reserve maintained its projection of three rate cuts for this year, while gold prices soared to a record high.

​London equities opened higher on Thursday as investors welcomed the Federal Reserve sticking to its three rate-cut stance for 2024, while they switched focus to the Bank of England's monetary policy update.

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 Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

When it comes to investing based on sectoral trends, it is important to keep eyes both on the tailwinds and headwinds. Why headwinds, because they sometimes end up providing opportunities for investors with long term perspective. Especially in times like today when bears are seen more often on the street. In the last two days there has been chatter that oil prices may further strengthen upward. While rising oil prices is a headache for the whole of the Indian economy, the fact is it has the highest co-relationship with a sector like logistics, where change at the pump level prices hit the margins very next day. Will the oil prices rise further in the months to come because if they are moving upward in the summer season where the demand is normally lower, then is it an indication that in winters things might even be higher? Whether the oil prices actually shoot up or not, it would become much later but one set of companies which will get impacted by narrative would be logistic companies. So, when the narrative makes them hit, should they be looked at with a long term investment perspective is the question which needs to be answered.

Following the stake sale, holding company Tata Sons' stake in TCS has fallen to 71.74% from 72.38% earlier.

Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January to March period in 2010, data compiled by Bloomberg show.

The brokerage has cited strong traction in equity derivatives volumes and expectations of market share uptick among key factors behind the upgrade. The company has also witnessed stabilisation in metrics which it believes augurs well for the counter.

CLSA in a brokerage note said that the private labels under the brand are rising and should drive the next leg of share gains. The company offers the lowest consumer prices due to the lowest operating cost in its view. The $500 billion addressable market is less than 5% organised.

Jefferies, HSBC, BofA, CLSA, and Kotak Securities offer buy views on Bharti Airtel, MGL, Cummins, Bajaj Finance, Avenue Supermarts, and IRB Infrastructure, respectively. Various targets set for each stock.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Thursday's trading session, five stocks witnessed a build of fresh long positions. Here's the list: