IndiaRF Fund has borrowed senior debt of ₹700 crore from Axis Bank and used equity and mezzanine debt from its own funds to finance the acquisition of Ind Swift Laboratories' API business for ₹1,650 crore.

The Board of SBI Cards has declared an interim dividend of Rs 2.5 per share for the financial year ending 2023-24. The company has also fixed a record date of March 28 for the proposed dividend.

India's Consumer Price Index inflation was at 5.09% in February, largely unchanged from 5.10% a month ago. The RBI's target for the price gauge is 4%, with a latitude of 2 percentage points in either direction.

While the Fed's two-day meeting ending Wednesday is expected to keep monetary policy unchanged, investors are looking forward to the central bank's comments on when it will start cutting interest rates.

The stock hit a record high of Rs 4,139 on February 2, 2024, but failed to hold on to the momentum. It closed at Rs 2,873, which translates into a downside of 30% suggesting bears have an upper hand. However, on a 1-year basis, the stock has risen from Rs 1,217 as of 17th March 2023, to Rs 2873 recorded on 18 March 2024. This translates into an upside of 136% in a year.

Nasdaq and chip stocks dipped, S&P 500 subdued. Nvidia unveiled faster AI chip. Advanced Micro Devices, Marvell, Intel fell. Dow, Home Depot, McDonald's rose. Tesla, Meta Platforms, Alphabet, Bitcoin, FOMC, Naomi Fink in focus.

Largecap companies outperform midcap and smallcap firms in growth and profitability, maintaining a superior operating margin. Smallcaps exhibit high net profit volatility, raising concerns about sustainability of returns.

SBI Cards declared Rs 2.5 interim dividend per share for the financial year 2023-24. The record date is March 28, and the dividend will be credited by April 17. Various factors impact the company's performance.

The Securities Appellate Tribunal (SAT) has stayed a Securities and Exchange Board of India (Sebi) order banning Catalyst Trustee from providing trustee services to funds.

ICICI Prudential Mutual Fund on Tuesday bought shares of Star Health and Allied Insurance Company for Rs 193 crore through an open market transaction.

Indian shares fell on Tuesday as TCS led a sharp decline in information technology stocks ahead of the US Federal Reserve's interest rate decision. The S&P BSE Sensex closed 1% lower at 72,012, while the NSE Nifty50 index ended below the 21,850 level."The overall chart pattern of Nifty is weak and one may expect further decline in the near term. The next lower levels to be watched around 21,500 in the next 1 week. Any rise up to 22,000 could be a sell-on-rise opportunity," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 4 stock recommendations for Wednesday:

The audiovisuals on the public issues will be in bilingual version i.e. English and Hindi, and made available in the public domain. The duration of each bilingual version of the audiovisual shall be a maximum of 8 minutes.

The Dow Jones Industrial Average rose 29.18 points, or 0.08%, at the open to 38,819.61.

Nvidia shares dipped on Tuesday after having more than tripled in value in the past year, as investors awaited more details on the company's latest AI chip that is expected to further cement its lead in the industry.

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 Tuesday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

The S&P BSE Sensex plunged more than 700 points while the Nifty50 closed over 200 points lower. Sectorally, selling was seen in IT, FMCG, power, oil & gas and telecom stocks.

The overall chart pattern of Nifty is weak and one may expect further decline in the near term. The next lower levels to be watched are around 21,500 in the next one week. Any rise up to 22,000 could be a sell-on-rise opportunity, Nagaraj Shetti of HDFC Securities said.

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 Tuesday's trading session, four stocks saw top short covering. Here's the list:

The risk-off sentiment on D-Street was triggered by the Securities and Exchange Board of India last week when it raised concerns over the valuation froth in the broader market and the rising inflows into midcap and smallcap funds.

Indian equity indices nosedived on tech sector concerns ahead of the U.S. Fed's rate decision. Sensex plunged 736 points to 72,012, Nifty dropped 238 points to 21,817. Global shares dipped on Tuesday while the yen slid after the Bank of Japan met market expectations and ended eight years of negative interest rates.

Midcap auto ancillary stock Uno Minda has received a rating upgrade from Kotak Institutional Equities along with two smallcap counters CIE Automotive and Varroc Engineering as the risk-to-reward ratio turns favourable according to the brokerage.

TCS is the biggest cash cow for Tata Sons as most its revenue comes from dividend given by the software services exporter. The N Chandrasekaran-led holding company's decision to sell a small stake in TCS could be a confluence of various factors including the need to pare debt, avoid IPO and fund the ambitious growth plans of the Tatas in industries like semiconductors.

Now that sensex has turned negative for 2024, focus will shift on how the returns. The narrative will focus on how returns and how the valuations are expensive. Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap. At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. If by next month, markets are rallying once again, then all this talk about valuation will go away in thin air.

Indian equity indices nosedived on tech sector concerns ahead of the U.S. Fed's rate decision. Sensex plunged 736 points to 72,012, Nifty dropped 238 points to 21,817. Global shares dipped on Tuesday while the yen slid after the Bank of Japan met market expectations and ended eight years of negative interest rates.

When markets are correcting, one thing that gets ignored is the macro trend. Trends which will have a long-term positive impact on the bottomline of the companies of that sector. In the last few years, both due to policy push and changes in the underlying economic nature of the business, more money is being spent on increasing agricultural productivity. While there are many parts to that increase in productivity, right from fertilizer to agricultural equipment, the other element in that chain is the irrigation system or water supply system for crops. Right from solar power water pumps to micro irrigation. This sector has a number of players who are unorganized, that is probably the reason why listed players in this space were not able to capture the whole growth which has taken place in this sector. But that does not take away the fact that this is one part of the rural economy where the spending trends are clearly rising.

​State-owned REC's board on Tuesday approved a third interim dividend of Rs 4.5 per share with face value of Rs 10 each for 2023-24. Earlier, the company has already announced two interim dividends, totalling Rs 6.5 per share for the current fiscal.

Despite a tepid debut, analysts are positive about the company's prospects in the medium- to long-term horizon, betting on the strong demand growth for the automobile industry.

In the worst-case scenario, Nifty could test 16,000-15,500 levels, a 6,523 points or 30% fall. In this case, the timewise correction can last for a maximum of 6-7 quarters. The brokerage house sees signs of exhaustion noting that the markets remain 'highly overbought' on a long-term time frame.

India Inc earnings have seen substantial growth in the past two years driven by capital investments in various sectors. Analysts project a continued growth capex leading to a peak corporate profit cycle with smallcaps playing a crucial role, despite concerns about a potential valuation bubble in the market.

European stock markets steadied at the open Tuesday before a US Federal Reserve meeting and after the Bank of Japan hiked interest rates for the first time since 2007.

The apex court summoned the duo after Patanjali Ayurved failed to file a reply to a contempt notice issued to the company. The case is related to alleged misleading advertisements published by the company for its traditional ayurvedic medicines which claim to cure certain diseases.

US prosecutors are investigating potential bribery by the Adani Group for energy projects, but JP Morgan believes corruption is unlikely due to transparency in Indian tenders. Adani Group denies the investigations, while stock prices remain impacted.

The projects will be implemented by a separate entity(ies) incorporated/to be incorporated by Stockwell Solar Services Private Limited and HG Infra Engineering directly or through its subsidiaries.

The bonus shares after their allotment will rank pari-passu in all respects and carry the same rights as the existing equity shares, the company said in its filing to the exchanges.

Indian equity indices plummeted with Sensex tanking over 600 points, Nifty below 21,900. BSE market cap dropped Rs 3.71 lakh crore. IT stocks weakened, FIIs sold, and oil prices edged down. Nifty's support level at 21,915 breached.

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

Short-to-medium-term traders can look to buy the stock or on marginal dips for a possible target of Rs 4900 in the next 4-5 months, suggest experts.

Shares of Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC), and Bharat Petroleum Corporation (BPCL) have fallen 11%, 9%, and 6% respectively since March 15, the day when the rate cut came into effect.

Indian equity indices plummeted with Sensex tanking over 600 points, Nifty below 21,900. BSE market cap dropped Rs 3.71 lakh crore. IT stocks weakened, FIIs sold, and oil prices edged down. Nifty's support level at 21,915 breached.

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 Tuesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

Nifty traded with small losses and saw a pullback that put it in the positive territory.

Indian equity indices open lower with TCS, Reliance Industries, Infosys leading the decline. Experts share insights on market trends. Global market movements and oil prices influence trading.

Nomura neutral on HDFC Bank at Rs 1625 target price. Kotak Mahindra Bank raises InterGlobe Aviation's target to Rs 4200. UBS maintains Infosys buy at Rs 1800. Jefferies bullish on Piramal Pharma.

The Bank of Japan ends 8 years of negative interest rates, making a historic shift with the first rate hike in 17 years. This move keeps rates around zero due to a fragile economic recovery.

The central bank ended its negative short-term interest rate policy (NIRP) and yield curve controls (YCC), as well as dropping purchases of risky assets, including exchange-traded funds (ETFs).

Royal Sense IPO on BSE SME platform debuted with a 90% premium, raising Rs 10 crore. The company supplies high-quality goods for health services in the Indian market, focusing on surgical accessories and laboratory equipment.

Signoria Creation's shares debuted on NSE SME platform with a 101.54% premium. The IPO, a fresh equity issue of 14.28 lakh shares, received overwhelming response. Proceeds will be used for corporate purposes with a focus on women's apparel market growth.

The company is focusing on category development through relevant product launches and simplification of businesses to drive consistency in its performance and improve the earnings growth trajectory, going ahead.

Popular Vehicles IPO debuted with discounts on NSE and BSE. The company's revenue segments include passenger, commercial vehicles, and electric vehicles. It closed on March 14 with a P/E of 28.9x based on FY23 earnings.