D-Street tests fresh peaks as FPIs continue to buy - 9 months ago
On Tuesday, the Sensex hit a new high of 65,672.97, surpassing Monday's high of 65,300.35. The index closed at 65,479.05, up 274 points or 0.42% from the previous close. The Sensex had hit a closing high of 65,205.05 on Monday.
Economic Times

RBI rejects three applications for small finance bank licences - 9 months ago
The rejected applicants are Akhil Kumar Gupta; Cosmea Financial Holdings, which is promoted by former Reliance Capital managing director Sam Ghosh; and West End Housing Finance.
Economic Times

With Harley tango, Hero has X-factor to take on Enfield - 9 months ago
Hero MotoCorp has launched X440, a 440-cc bike jointly developed with Harley-Davidson at a sticker price starting from ₹2.29 lakh, which is just ₹1,000 more than the highest-selling 350cc Royal Enfield Classic 350 from Eicher Motors. The prices of other comparable bikes such as Honda H'ness, Benelli Imperiale, Jawa Perak, Jawa Bobber and Bajaj Dominar 400 are in the range of ₹2.1 lakh to ₹2.3 lakh per unit.
Economic Times

Retail investors play momentum with record margin funding - 9 months ago
The surge in risk-taking indicates that retail investors were euphoric, with the mid-cap and small-cap indices making new highs recently. The average margin funding in June was about ₹28,535 crore compared to ₹26,600 crore in May or about ₹26,000 crore last year.
Economic Times

HDFC looks at promoter offer for two Radisson Blu hotels - 9 months ago
The total outstanding loan for the hotel properties amounts to ₹507 crore. The portfolio consists of loans provided to KAD Housing and KAJ Infrastructure, both entities promoted by DP Jain and his family that operate two five-star hotels in Ghaziabad, namely Radisson Blu Kaushambi and Radisson Blu Hotel, as reported by ET on June 23.
Economic Times

Piramal Capital to sell more loans for Rs 1,669 crore - 9 months ago
This is the second loan that the company is looking to sell in less than 10 days. It had also sold a total loan outstanding pool of ₹3,656 crore to Omkara ARC for ₹625 crore last week. The sale resulted in a recovery of 17%s for Piramal. The principal outstanding of the pool was ₹3,656 crore as of May 15, 2023 and spread across 7-8 accounts.
Economic Times

Most Future Enterprises lenders back Avil Menezes as resolution professional - 9 months ago
The National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL was admitted for corporate insolvency on a petition by Foresight Innovations, an operational creditor.
Economic Times

Stock Radar: 50% in 3 months! This defence stock is in uncharted territory; time to book profits? - 9 months ago
The defence company stock has surged over 50%. The momentum helped the stock scale a new high of Rs 306 on June 21. Analysts predict the uptrend could continue as the stock broke out from a consolidation phase of three years in June.
Economic Times

Up 182% in 1 year! Multibagger stock announces 1:1 bonus issue to investors - 9 months ago
A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors. Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.
Economic Times

Overtrading? Nithin Kamath unveils 'virtual contract note' on Zerodha that shows charges of all orders in market hours - 9 months ago
Markets regulator Sebi has recently mandated all brokers to start displaying charges while placing an order, helping traders and investors get an estimate of the charges they will be paying upfront. While this is helpful for someone placing fewer orders, for those who trade throughout the day, it isn’t that handy as the charges appear to be only for that one particular order.
Economic Times

Market Trading Guide: Nykaa, IDFC First Bank among 8 stock recommendations for Wednesday - 9 months ago
Indian equity indices surged to settle at record highs for the fourth straight session on Tuesday, driven by unabated foreign fund inflows and largely bullish investor sentiments. Despite profit booking, Nifty ended at a new high of 19,389. Rallying for the fifth straight session, Sensex jumped 274 points to settle at its all-time closing high of 65,479. “The positive chart pattern like higher tops and bottoms is intact as per the daily time frame chart and any weakness from here is likely to be a buy on dips opportunity. On the upper side, the area of 19,450-19,500 could be a strong overhead resistance,” said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are the stock recommendations for Wednesday
Economic Times

After over 60% rally in 1 month, Suzlon Energy Board to consider raising capital - 9 months ago
Shares of Suzlon have seen massive outperformance on the Street this year, rising by 71% on the back of a turnaround in its financial performance. In the last one month, the stock jumped nearly 62%. The company has turned net-worth positive after a decade at Rs 1,100 crore and has also reduced its net debt by 80% YoY to Rs 1,180 crore in FY23.
Economic Times

UK's FTSE 100 inches lower as industrials dip; healthcare stocks rebound - 9 months ago
Industrial metal miners slipped 0.2%, tracking losses in base metal prices as weak economic data from top consumer China stoked demand concerns. Limiting declines, the pharmaceuticals and biotech sector gained 1.2%, buoyed by a rebound in shares of AstraZeneca. The index fell more than 5% on Monday.
Economic Times

Investors become richer by Rs 7.90 lakh cr in 5 days; BSE-listed firms' valuation hits new peak of Rs 298.57 lakh cr - 9 months ago
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
Economic Times

Breakout Stocks: How Suzlon, Aster DM Healthcare and Bajaj Finance are looking on charts for Wednesday - 9 months ago
Suzlon Energy, Aster DM Healthcare, and Bajaj Finance were among the stocks in focus. Aster DM Healthcare and Suzlon witnessed fresh breakouts on the weekly time frame, while Bajaj Finance had a strong breakout above the 7,400 level, but further hurdles are expected moving forward
Economic Times

D-Street newbie Mankind Pharma to be included in Nifty500, Nifty Midcap100 and other indices - 9 months ago
Mankind Pharma, which recently made its stock exchange debut, has been added to several Nifty indices, including Nifty500 and Nifty Midcap150. The decision reflects the Indian pharmaceutical firm's position as the fourth largest in the domestic space and the third largest by sales volume. The company currently enjoys a solid marketing presence and runs 25 manufacturing facilities across India. Mankind's shares rose nearly 29% above their listed price, closing at INR1,675 ($22.7) on Tuesday. Meanwhile, Kotak Institutional Equities reportedly has a buy recommendation on the stock with a target price of INR1,875. Coveted index Nifty will also see a couple of changes, with LTI Mindtree replacing HDFC and Zydus Lifesciences taking over from Jindal Steel & Power in Nifty Midcap Select.
Economic Times

These 10 midcap stocks touch their new 52-week high; gain up to 26% in a month - 9 months ago
On Tuesday, Sensex rose around 274 points, recording a fresh life-time high of 65,479. Amid this notable surge, 10 stocks listed on the BSE midcap index reached new highs within 52 weeks. The 52-week high holds great significance for specific traders and investors as a crucial technical indicator to evaluate the current value of a stock and predict potential price fluctuations. It represents the highest price at which a stock has been trading during the previous year.
Economic Times

LTIMindtree gets Nifty ticket, to replace HDFC from July 13 - 9 months ago
According to preliminary calculations done by Nuvama, LTIMindtree should see an inflow of approximately $150-160 million from passive funds as a result of the reshuffle
Economic Times

Tech View: Nifty forms Hanging Man candle. What traders should do on Wednesday - 9 months ago
Nifty saw huge short covering of the 19,300 call on Tuesday, which once again caused it to rally. As we get closer to the 19,500 mark on Nifty in the July expiry, expect to see some consolidation on the index. Bank Nifty is slowly seeing short straddles start to be created at the 45,500 mark for the July-end expiry. Taking the premium into account, one should not expect a run-away rally post 45500 in the very near term. It is also healthy if the indices consolidate for some time as this makes it ready for the next leg of either downside or upside depending upon the momentum.
Economic Times

IDFC merger: Overhang of 40% holding in short run gone, says IDFC First Bank's Vaidyanathan - 9 months ago
Replying to ET NOW V Vaidyanathan, MD & CEO, of IDFC First Bank, decodes what went behind the merger and the rationale behind swap ratio
Economic Times

Sensex extends record run to 5th day, rallies 274 pts; Nifty ends near 19,400 - 9 months ago
Closing Bell: Sensex extends record run to 5th day, rallies 274 pts; Nifty ends near 19,400
Economic Times

Financials help Sensex climb 274 pts to settle at all-time high of 65,479; Nifty records 19,389 - 9 months ago
From the Sensex pack, Bajaj Finance closed over 7% higher after the company's assets under management (AUM) rose 32% to Rs 2.7 lakh crore as of June 2023 in Q1. Bajaj Finserv, Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, TCS, and Kotak Bank also closed higher.
Economic Times

Market@record highs! How portfolio rebalancing optimises returns & manages risk - 9 months ago
Portfolio rebalancing is important in maintaining a balance between risk and return for investors. It involves readjusting asset allocations periodically to restore the desired asset mix, thereby mitigating risk. Fluctuations in market conditions can cause deviations from the set percentage, necessitating rebalancing to realign the portfolio with its original allocation. The rebalancing process promotes diversification, minimizes dependency on individual assets, and adapts to changing market conditions by capitalizing on high-growth sectors and industries. Regularly readjusting asset allocations help maintain asset allocation and align with the investor's long-term objectives, ensuring that investors can achieve their financial goals with greater confidence and stability in their investment journey.
Economic Times

Technical breakthrough: Canara Bank, SBI and 8 others cross 50-day SMA - 9 months ago
Several Indian stocks, including Canara Bank, State Bank of India, Oil & Natural Gas Corporation, Indian Overseas Bank, Bank of Maharashtra, Punjab & Sind Bank, Welspun India, Hindalco Industries, Vaibhav Global, and Gujarat State Petronet, crossed their 50-day Simple Moving Average (SMA) on July 3, 2023. The 50 SMA is a widely used technical indicator that suggests a potential short-term uptrend in a stock's price. Investors and traders often pay attention to the crossing of a stock's 50 SMA as it may present potential opportunities.
Economic Times

These 7 auto ancillary stocks gain 100-225% in a year, do you own any? - 9 months ago
Over the past year, the benchmark Sensex has experienced a 23% increase, whereas the BSE Auto index has surged by approximately 30%. This rally has led to remarkable gains in several auto-ancillary stocks, turning them into multibaggers. ETMarkets latest analysis concentrates on auto ancillary stocks with a market capitalization exceeding Rs 1,000 crore, which have achieved significant share price growth ranging from 100%-225% in the last year. Interestingly, the majority of these stocks exhibit robust technical strength, according to Trendlyne data. Tata a look
Economic Times

9 stocks make bullish breakthrough: JSW Energy, Wipro, others cross 200-day SMA - 9 months ago
On July 3, 2023, ten Indian companies crossed their 200-day Simple Moving Average (SMA), indicating potential positive trends. The list includes JSW Energy, Bank of India, and Wipro, among others. Experts point out the importance of the 200 SMA as a technical indicator that helps investors identify potential trends and gauge a stock's overall health. Knowing when the closing price surpasses the benchmark can signal a bullish sentiment and could be a crucial event for investors.
Economic Times

Senco Gold planning DMart-style expansion: CEO Suvankar Sen - 9 months ago
The initial public offering of Senco Gold, a prominent jewellery player in the eastern part of India, opened for subscription on Tuesday and will be available for public to bid till Jul 6, 2023.In conversation with ET Markets, Suvankar Sen, the Managing Director and Chief Executive Officer of Senco Gold, talks about the company's financials, ambitious expansion plans and growth outlook.
Economic Times

Macrotech Developers, Shriram Finance among 9 midcap stocks which hit new 52-week high on Tuesday - 9 months ago
Several mid-cap stocks in India witnessed a surge in performance on Tuesday, hitting their 52-week highs. Notable companies that reached new heights include Cholamandalam Investment and Finance, Endurance Technologies, Exide Industries, MacroTech Developers, M&M Financial Services, PFC, Shriram Finance, SJVN, and Tata Group's Trent
Economic Times

​These 5 major large & midcap stocks may see consolidation, suggests ADX scan​ - 9 months ago
ADX or Average Direction Index is a technical analysis tool that helps to quantify the strength of a trend. ADX is computed based on a moving average of price range expansion over a given time period. Here, we have identified 5 major large and midcaps whose ADX has crossed 25 from above. Note the data here is from the previous trading day (Source: StockEdge)
Economic Times

Canara Bank, IGL among 10 stocks with RSI trending up - 9 months ago
The Relative Strength Index (RSI) is a momentum oscillator that measures price movement velocity and magnitude, with values ranging from 0 to 100. When a stock's RSI crosses above 70, it suggests that the stock is entering an overbought zone, indicating a potential price correction or reversal in the near future. StockEdge reported that 26 stocks were trading up and 10 are in an overbought zone. Bank of India, Grasim Industries, and Bharat Petroleum are some stocks that have seen a rise in their RSI.
Economic Times

Bajaj Finance, Angel One, Can Fin Homes among 9 stocks that hit 52-week high on Tuesday - 9 months ago
Several stocks in the S&P BSE 500 index, including Angel One, AstraZeneca Pharma, and Bajaj Finance, achieved new 52-week highs, reflecting the resilience and strength of these companies in challenging market conditions. Other notable stocks that reached new highs include Bank of Baroda, Can Fin Homes, and Cholamandalam Financial Holdings. The data was sourced from BSE at 12.30 pm, and updates from real-time data might come with a lag. The below data also pertains only to the time at which it was taken.
Economic Times

Downward Signals! Bajaj Auto & 7 other stocks whose RSIs are trending below 50 - 9 months ago
RSI or Relative Strength Index computes the ratio of the recent upward price movement to the absolute price movement. The metric ranges from 0-100 and the time period considered here by StockEdge to measure the metric is 14 days. Typically, RSI is the momentum indicator used in technical analysis of stocks and helps to determine overvalued or undervalued state of the security.
Economic Times

With Sensex above 65000-mark, brokerages are betting on these 30 stocks for high returns - 9 months ago
Most money managers believe that the current rally in the Indian stock market has more legs as valuations are reasonable. Axis Securities and Motilal Oswal Securities favour the "growth at a reasonable price" theme and domestic-oriented companies. ICICI Bank, Maruti Suzuki, State Bank of India, RITES, Federal Bank, Varun Beverages, Ashok Leyland, PNC Infratech, ITC, Aarti Drugs, Relaxo Footwears, Mahindra CIE, Praj Industries, CCL Products, Polycab India, and CreditAccess Grameen are among their top picks. Experts expect the market positioning to shift to banks and domestic-cyclical stocks as more than half of the sectors still trade at a discount to their average.
Economic Times

MACD flashing bearish signals for these 4 largecaps. Time to sell? - 9 months ago
Four largecap stocks from within the Nifty500 index are giving bearish signals, indicating that it may be time to sell the counters as the MACD line slips below the signal line. Note the data given herein is from the previous trading day. (Source: StockEdge)
Economic Times

SGX Nifty is now Gift Nifty: 10 Things to Know - 9 months ago
SGX Nifty is now Gift Nifty. So what is Gift Nifty? What has changed? How will it affect the investors? Here are 10 key changes that you need to be aware of. Watch!
Economic Times

​Downward Signals! Bajaj Auto & 7 otherstocks whose RSIs are trending below 50​ - 9 months ago
RSI or Relative Strength Index computes the ratio of the recent upward price movement to the absolute price movement. The metric ranges from 0-100 and the time period considered here by StockEdge to measure the metric is 14 days. Typically, RSI is the momentum indicator used in technical analysis of stocks and helps to determine overvalued or undervalued state of the security.
Economic Times

Nykaa shares fall over 2% on reports of block deal - 9 months ago
Shares of Nykaa saw a decline of over 2% in intraday trading due to likely block deals. The stock has recorded a muted performance this year, falling nearly 7% on a year-to-date basis. However, experts believe there is nothing fundamentally wrong with Nykaa's business and consider it a better long-term investment option compared to Paytm. Kotak Institutional Equities has a 'Buy' tag on the stock with a price target of Rs 210, highlighting the healthy growth trajectory of Nykaa's beauty and personal care categories. Jefferies also expects strong growth for Nykaa in the coming years.
Economic Times

Stocks on the rise! Indiabulls Real Estate, GAIL and others cross 100-day SMA - 9 months ago
The closing price of a stock crossing its 100-day Simple Moving Average (SMA) is significant in stock market analysis. When a stock's closing price rises above its 100 SMA, it often suggests potential upward momentum. On July 3, 2023, several stocks crossed their 100 SMA, including HFCL, V-Mart Retail, Indian Overseas Bank, Bank of India, Vaibhav Global, GAIL, Indiabulls Real Estate, and Polyplex Corporation.
Economic Times

HMA Agro Industries shares list at mild premium. What should investors do? - 9 months ago
HMA Agro Industries' shares debuted on the stock market with a 7% premium. Analysts suggest holding the stock for at least six to eight months due to the company's strong fundamentals and niche business model. The company, a market leader in the export of frozen buffalo meat products, recently diversified into other food processing and exports. It heavily relies on the export business, which accounted for 90.2% of its revenue in FY22. The net proceeds from the IPO will be used for working capital requirements and general corporate purposes.
Economic Times

Bajaj Auto, Schaeffler India among 10 stocks trading with bearish RSI - 9 months ago
The Relative Strength Index (RSI) is a technical indicator used to assess stock momentum. It measures the speed and change of price movements on a scale of 0 to 100. Values above 70 suggest overbought conditions, while values below 30 indicate oversold conditions. This article highlights 10 stocks that have experienced a decline in their RSI, potentially indicating a loss of momentum. However, it's important to note that the data is subject to change after market hours on July 3.
Economic Times

Apar Industries, AstraZeneca Pharma among 8 BSE smallcap stocks which reached new 52-week highs on Tuesday - 9 months ago
Multiple stocks on the S&P BSE Smallcap index have reached new 52-week highs, demonstrating growth potential. These include Apar Industries, AstraZeneca Pharma, Aster DM Healthcare, Can Fin Homes, CARE Ratings, Anant Raj, Angel One, and Bombay Dyeing. The details of their achievements are highlighted in the article. Please note that the data mentioned may have a lag and represents a specific point in time.
Economic Times

Nifty IT index: Root cause of under performance, divergence in recos and price targets - 9 months ago
The Nifty IT index is probably the only sectoral index which has not formed a new high in recent weeks. The reason, it is one sector where analysts are least bullish in terms of expecting any upside over the next 12 months. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

Chemical connection: 5 speciality chemical stocks with upside potential of up to 51 % - 9 months ago
In the last five years many segments of the chemical and specialty chemical sector have been coming into focus. They stay in the limelight for some time, then as too much money chases them which makes their valuations move up very sharply and then a long phase of consolidation. In such a scenario it has been witnessed that at any point of time analysts remain bullish on select stocks. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

RIL, Airtel, Vodafone shares fall up to 2% after Jio Bharat phone launch - 9 months ago
The launch of Jio Bharat phones by Reliance Industries (RIL) at a low price is expected to disrupt the 2G market in India and potentially prevent tariff hikes. As a result, shares of telecom players such as Bharti Airtel, RIL, and Vodafone Idea fell. Brokerages Jefferies and Kotak Institutional Equities have differing stances on the impact. Jefferies has a 'Buy' view on both RIL and Airtel and expects Jio's move to accelerate sector consolidation, while Kotak expects concerns over rising competition but sees Airtel not rolling back tariff hikes.
Economic Times

Wipro share buyback: Retail investors make double-digit gains in Rs 12,000 crore-offer - 9 months ago
Investors who participated in the buyback will get their payment by July 7, and the unaccepted shares will also be returned to shareholders by the 7th of this month. The record date of Wipro's share buyback, which ran from June 22-30, was June 16. The share buyback price was fixed at Rs 445, while the closing price on the record date was Rs 381.30, implying a premium of 16.7%.
Economic Times

Telecom stocks take hit after Jio taps rural market with $12 4G phone - 9 months ago
Shares of Indian telecom operators, including Bharti Airtel and Vodafone Idea, fell between 2% and 3% after Reliance Jio announced plans to launch a $12 4G phone targeting the untapped entry-level 2G market in India. Analysts at Jefferies predict that Jio's new phone could boost its subscriber additions by 20-22 million annually, resulting in a 2-3% increase in revenue and operating earnings in the next fiscal year. The move is expected to have a negative impact on the revenue and operating earnings of rival Bharti Airtel by 1-2%.
Economic Times

Elecon Engineering, MRF among 4 mid & smallcap stocks near buy point - 9 months ago
So far in FY24, Nifty surged over 11% on strong FII inflows, fall in crude oil prices and low inflation. Meanwhile, MarketSmith has a positive view on some stocks that it believes are near the buy point. These stocks include MRF and Elecon Engineering. Here is a list of 4 stocks that are near the buy point, as listed on MarketSmith:
Economic Times

Chart Check: Should you buy this household appliance stock that hit fresh record highs? - 9 months ago
V-Guard Industries, a household appliance company, has seen a significant rally in its stock price, reaching a new record high. Technical analysis reveals an inverted head and shoulder pattern, indicating a potential continuation of the upward trend. The stock is trading well above key moving averages, and the RSI suggests an overbought condition, implying a possible pullback. The MACD indicator is also bullish. Experts predict further price increases, with a target level of Rs 340 and a stop loss at Rs 255.
Economic Times

For risk takers: 5 midcap stocks which have seen an improvement in score have potential upside of up to 59% - 9 months ago
The Nifty continues to form a new high every day, more number of mid-caps stocks are joining the party. Stocks from sectors like speciality chemical, agro chemical and services sector are making it to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Economic Times

Momentum Pick: After 62% returns in 1 year, Exide Industries all charged-up for next leg of rally - 9 months ago
Despite already experiencing a strong rally over the past year, battery manufacturer Exide Industries' stock continues to rise, outperforming the Nifty50 by over 40%. The stock hit a 52-week high and is expected to have a further 25% increase. Technical analyst Rajesh Palviya recommends buying the stock and sees correction as a buying opportunity. HDFC Securities has a 'buy' view on the stock and anticipates up to a 19% upside. The company's battery management system subsidiary has a promising order book and the collaboration with Svolt, China for a lithium-ion battery manufacturing plant could provide a medium-term trigger.
Economic Times