Sebi defers full launch of same day settlement - 9 months ago
The Securities and Exchange Board of India (SEBI) said that same day settlement, or T+0, would be launched for only 25 stocks and with a limited set of brokers to test the efficacy of a shorter settlement cycle.
Economic Times

Muthoot Microfin announces foray in Telangana - 9 months ago
Muthoot Microfin, a part of Muthoot Pappachan Group, provides financial assistance through income-generating microloans to women engaged in small businesses such as tailoring, vegetable vending and running tea-shop, among others. The lender has 3.28 million active customers served through 1,424 branches spread across 18 states at present.
Economic Times

Sebi pushes for ease of doing biz; clears relaxations for FPIs - 9 months ago
Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release.
Economic Times

RBI governor asks banks to plug gaps in customer grievance mechanisms - 9 months ago
The Reserve Bank of India has instructed banks and other financial intermediaries to address shortcomings in their customer grievance systems and ensure equitable pricing of their products and services, along with maintaining transparency in customer dealings and preventing mis-selling.
Economic Times

Indices fall as valuation woes trouble investors - 9 months ago
"The investors in the markets are worried after the corrections seen this week," said Sandeep Raina, Executive VP- Research, Nuvama Professional Client Group. "Although there is no actual change in the markets after yesterday's up move and the corrections."
Economic Times

Fed seen sticking with three 2024 cuts despite higher inflation - 9 months ago
Fed Chair Jerome Powell and his colleagues will update their economic and rate projections at the March 19-20 meeting for the first time since December, and survey respondents expect only small tweaks to their outlook with no change in the projected rate path.
Economic Times

Sebi board approves easing additional disclosure norms for FPIs - 9 months ago
The relaxation in certain disclosure norms are aimed at ease of doing business. Further, the market regulator has also approved a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers.
Economic Times

Stock exchanges impose fines on Dish TV over board strength - 9 months ago
​Mar 15 Leading bourses BSE and National Stock Exchange have again imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company.
Economic Times

Nasdaq slips around 1% as inflationary jitters persist - 9 months ago
At 10:02 a.m. ET, the Dow Jones Industrial Average was down 149.00 points, or 0.38%, at 38,756.66, the S&P 500 was down 33.83 points, or 0.66%, at 5,116.65. Eight of the 11 major S&P 500 sectors were trading lower, with information technology being the worst hit, down 1.4%.
Economic Times

Adobe shares plunge 12% as downbeat forecast fans concerns about competition, AI efforts - 9 months ago
The company expects about $440 million in net new annual recurring revenue for the digital media segment, which houses its cloud products for documents and creative applications. Last year, the unit had reported $470 million.
Economic Times

US stocks slide at open as inflation concerns hit rate-sensitive stocks - 9 months ago
The Dow Jones Industrial Average fell 96.01 points, or 0.25%, at the open to 38,809.65.
Economic Times

With 2.5X returns in four years, Nifty outperforms global peers headed for polls - 9 months ago
Among countries headed for elections this year, the Nifty 50 is a clear outperformer. The flagship index has risen 2.5X in the past four years, while the US and Japan indices have also doubled. On the flip side, FTSE 100, the UK’s flagship index, and South Africa's Top 40 gave negative returns on a 1-year basis. Take a look. (Source: Trendlyne)
Economic Times

Small, midcap stocks lose $47 billion this week amid moves to skim 'froth' - 9 months ago
India's small and midcap share indexes lost $47 billion this week after regulator concerns. Indexes recovered in final trade hours, marking worst week in 15 months. Mutual funds stress tests ordered, Nifty small-cap 100 index outperformed.
Economic Times

Bharat Forge, SAIL among 5 stocks with top short covering - 9 months ago
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 Friday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

BHEL, National Aluminium among 5 stocks with top long unwinding - 9 months ago
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Economic Times

Tech View: Nifty momentum indicators blink red. What traders should do next week - 9 months ago
The short-term and the near-term trends of Nifty remain weak. A decisive move below 21,900 could open sharp weakness down to the next lower support of 21,500 levels in the near term. Immediate resistance is at 22,200 levels, said Nagaraj Shetti of HDFC Securities.
Economic Times

Small, midcap stocks lose $70 billion this week amid moves to skim froth - 9 months ago
​ Indian small- and mid-cap share indexes have lost about $70 billion in combined market value this week, after the country's markets regulator raised concerns about "froth" and suggested mutual funds limit lump sum investments.
Economic Times

Sensex sinks 454 points on broad-based selling, Nifty near 22,000 - 9 months ago
Small and midcap stocks logged their worst week in 15 months on rising concerns of froth in the segments and as stress test results indicated a disparity in the durations that funds would take to liquify their portfolios. The small and midcaps dropped 5.5% and 4.66% this week, the biggest weekly drop since December 2022.
Economic Times

Mahadev Betting App Scam Vs Smallcap crash: Is there a link? - 9 months ago
What is the connection between Rs 5,000 cr Mahadev betting app scam and the recent market crash that we saw? We are going to decode everything for you - in this ETMarkets decoder episode. Let's take a look.
Economic Times

Fundamental tailwinds are a stronger play than volatile markets? 5 Indian pharma stocks with upside potential of up to 38% - 9 months ago
There is no doubt that the market is going through a volatile phase and bears are once again telling the street to never write them off. Will this correction continue even longer ? The probability is high. But then every few months there is a phase of volatility which comes to market and stocks and sector corrects. Some more, some less. Instead of focusing on how much nifty or bank nifty or any other index is down or up, focus on the fact that whether the sector or company is doing well and will it do well in future because the fundamental operating matrix of that sector has changed for better. Because volatile phases come and go, changes in the operating matrix don't happen every day. Pharmaceutical is one sector where there is a fundamental change taking place and it has happened after 8 to 10 years of restructuring and painful readjustment. So, it would be worthwhile to have them on watchlist.
Economic Times

Sensex sinks 454 points, Nifty holds 22,000 as stress test jitters hit small & midcaps - 9 months ago
Indian equity indices dropped on Friday led by financial, auto, and IT stocks amid concerns about US rate cuts delay. Small and midcap stocks also declined. BSE Sensex fell 454 points, while NSE Nifty dropped 123 points. M&M, Tata Motors, NTPC, HCL Tech were top losers.
Economic Times

SBI, M&M among top 5 reductions by HDFC MF in February - 9 months ago
In February, HDFC MFs large additions were Axis Bank, HDFC Bank and Crompton Greaves. Meanwhile, Sudarshan Chemical was a new entrant while there were no complete exits. Here’s the list of fund house's top reductions. Take a look:
Economic Times

Small, midcaps stocks lose $70 billion this week amid moves to skim froth - 9 months ago
​ Indian small- and mid-cap share indexes have lost about $70 billion in combined market value this week, after the country's markets regulator raised concerns about "froth" and suggested mutual funds limit lump sum investments.
Economic Times

BFSI stocks: They shed weight much before others do, time to be contrarian and buy? - 9 months ago
The kind of correction the broader market is witnessing in the last few days, the financial services sector had seen that few months ago. Infact, if one looks at the overall picture this phase of correction was led by one private sector bank and the other parts of the BFSI came under pressure at the start of 2024. For two reasons, first is that RBI has been doing a policy tightening and regulatory cleanup excerise, so there were some margin hits coming in earnings. Second, they are heavily owned by foreign portfolio investors who have been sellers in the Indian markets. A large number of times they give an advance indication of what the broader market might look like in near term. Similarly, the other way round, these stocks on a relative basis have performed better than others in the last few days. The first streak of relative outperformance is good enough indication for them to be brought on watchlist.
Economic Times

Biocon share price slips over 6% after CFO resigns - 9 months ago
​Shares of Biocon fell over 6% to Rs 250.3 in Friday's trade on BSE after the firm said that its chief financial officer (CFO), Indranil Sen has resigned with effect from 15 March 2024.
Economic Times

Olectra Greentech shares plunge 6% after promoter's name appears on electoral bond list - 9 months ago
Olectra Greentech's shares declined by 6% as MEIL Holdings acquired electoral bonds worth Rs 966 crore. The company's revenue showed sequential growth.
Economic Times

Indian market has maintained certain level of sanity, says FM - 9 months ago
​Finance minister Nirmala Sitharaman on Friday said despite huge fluctuations globally, the Indian stock market has maintained "a certain level of sanity" and the market should be allowed to play on its own.
Economic Times

Bharti Airtel, Intellect Design among 5 stocks that hit new 52-week highs on Friday - 9 months ago
India's blue-chip indices declined on Friday, dragged by IT stocks on concerns about delays in U.S. rate cuts, while small- and mid-cap stocks declined as stress test results of mutual funds trickled in. However, in today's trade, five stocks from the Nifty500 index hit a new 52-week high. Here's a list:
Economic Times

Tokyo's Nikkei index ends lower - 9 months ago
Tokyo's key Nikkei index closed lower on Friday with the market weighed down by losses in semiconductor-linked shares. The benchmark Nikkei 225 index fell 0.26 percent, or 99.74 points, to end at 38,707.64, while the broader Topix index climbed 0.35 percent, or 9.21 points, to 2,670.80. nf/kaf/mca
Economic Times

RailTel Corporation shares jump 9% on Rs 113 crore order win - 9 months ago
The scrip was trading 1% higher at Rs 342.3 on BSE at 11:43 am. Meanwhile, the stock has given multibagger returns as it has risen 220% in the last year and over 280% in the past two years. However, it has plunged over 23% in the past two weeks.
Economic Times

Stock market has rallied to all-time high valuation and the broader market is too expensive: Is that true? - 9 months ago
Nifty Midcap 100 Index is trading at 25.9x one year forward EPS – a premium of 22% over the last 10 years’ average, but 24% cheaper than October’21 highs.
Economic Times

Biocon, IOC among 5 stocks with short buildup - 9 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

20 MFs add these 8 stocks in February, 3 of them rally over 100% in FY24 - 9 months ago
In February 2024, Mutual Funds showed net purchases of approximately Rs 14,295 crore in the Indian equity market, slightly lower than the previous month when they were net buyers of Rs 23,010 crore. The latest Mutual Fund Analysis by ETMarkets revealed that in February, 8 stocks were added to the portfolios of at least 20 Mutual Funds as compared to January month.
Economic Times

Bharti Airtel, Hindustan Copper among 5 stocks with long buildup - 9 months ago
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 Friday's trading session, five stocks witnessed a build of fresh long positions
Economic Times

Fry-day! 4 factors behind 600-point crash in Sensex today - 9 months ago
Indian indices dip on US rate worries, losing 2% this week. Markets set for worst weekly performance since October. Global cues, stress test results, and regulatory concerns impact sentiment.
Economic Times

Sensex falls 500 pts on weak global cues amid US rate cut concerns; Nifty below 22K - 9 months ago
Indian equity indices opened lower on Friday amid US rate concerns. Investors await stress test results for small- and mid-cap mutual funds, focusing on froth, resilience, redemption pressures, and key stock movements like Paytm and RailTel Corporation.
Economic Times

MFs cut holdings in 14 PSU stocks in February; seven of them see double-digit fall - 9 months ago
Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them witnessed a double-digit correction. Many of these stocks gave multibagger returns through 2023.
Economic Times

OMC stocks plunge up to 8% on cut in petrol, diesel prices; HPCL top loser - 9 months ago
The price cut comes into effect from today and margins of OMCs are likely to take a hit following the decision.
Economic Times

M&M, Eicher Motors among 8 stocks that earned upgrades in last 1 month. Check revised target price - 9 months ago
A host of brokerages have upgraded the target prices of several stocks in the last one month. Trendlyne data shows that 8 stocks, including M&M, Eicher Motors, Brittania, and Lemon Tree Hotels faced up to four analysts' target price upgrades in the last 1 month. Here's a list of these stocks:
Economic Times

IT services stock decodes way to rise 6%; insurance player promises 12% profit - 9 months ago
Nifty opened modestly lower but recouped some of the previous session’s losses. It closed positive.
Economic Times

Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month - 9 months ago
Smallcap investors suffered losses due to the Mahadev Online Book scam involving entities like Hari Shankar Tibrewala. Several listed stocks linked to the scam saw significant value depreciation, causing panic in the stock market.
Economic Times

Hot Stocks: Brokerages on Paytm, Info Edge and Westlife Food - 9 months ago
Brokerage actions may impact One 97 Communications, Info Edge (India), and Westlife Foodworld. Jefferies sees NCPI approval for Paytm. BofA maintains underperform rating on Info Edge. Investec expects revenue and PAT growth for Westlife Foodworld.
Economic Times

Sensex falls 400 pts on weak global cues amid US rate cut concerns; Nifty below 22,050 - 9 months ago
Indian equity indices opened lower on Friday amid US rate concerns. Investors await stress test results for small- and mid-cap mutual funds, focusing on froth, resilience, redemption pressures, and key stock movements like Paytm and RailTel Corporation.
Economic Times

Paytm shares jump 5%. How good is the TPAP news for shareholders? - 9 months ago
One97 Communications shares surged 5% to Rs 370.90 on BSE as NPCI approved Paytm for UPI. YES Bank will be payment provider and merchant acquiring bank. Jefferies compares Paytm's model to PhonePe, Google Pay.
Economic Times

Pune E-Stock Broking shares list at 57% premium over IPO price - 9 months ago
Pune E-Stock Broking shares listed with a 56.6% premium on BSE SME platform. IPO issue price was at Rs 83 and it debuted at Rs 130. It received an overwhelming response with 300 times subscription.
Economic Times

Fundamental Radar: What makes Balrampur Chini a stock worth accumulating in corrections? - 9 months ago
Balrampur Chini Mills shares down 10% in a year, missing sector growth prospects. India produced 25.5M tonne sugar by Feb, down 1% YoY. Maharashtra, Karnataka improved yields, but concerns on sugar diversion remain.
Economic Times

Hot Stocks: Know what brokerages say on Paytm, Info Edge and Westlife Food - 9 months ago
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Info Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
Economic Times

Foxconn shares rise more than 5% after Q4 profit beats market estimates - 9 months ago
Foxconn on Thursday reported a forecast-beating 33% jump in net profit for the fourth quarter and said it expected a significant rise in revenue this year.
Economic Times

Big movers on D-Street: What should investors do with ITC, Swan Energy and Kalyan Jewellers? - 9 months ago
Stocks that were in focus included names like ITC, which fell 0.82%, Swan Energy, which rose 10%, and Kalyan Jewellers, whose shares dropped nearly 1% on Thursday.
Economic Times

Wall Street ends down after PPI data and as chipmakers fall - 9 months ago
U.S. stocks dropped on Thursday, with chipmaker stocks extending losses for a second day, and as a jump in producer prices left investors wondering if the Federal Reserve might wait longer than expected to cut interest rates.
Economic Times