Sebi bars Profit Redefine, proprietor from securities markets for unauthorised investment advisory - 2 days ago
The order comes from an interim order-cum-show-cause notice dated February 7, 2020 passed by Sebi against Profit Redefine Financial Solution (PRFS), its sole proprietor Sanjay Yadav and other entities.
Economic Times

Day Trading Guide: Wipro among 6 stock recommendations for Wednesday - 2 days ago
On Tuesday, the benchmark indices erased all gains and settled in red amid selling pressure in IT, auto, and banking counters. Sensex settled 100 points lower at 53,134, and its broader peer, Nifty50, ended the session near the 15,800 mark."Nifty rallied to register day’s high above 16,000 mark, however, inability to sustain at higher levels erased early gains. Since 13th June, Nifty has been failing to provide a close above 15,900. The appearance of a bearish candle with a relatively large upper shadow indicates that the recent trading band of 15,500-15,900 is still intact, hence sustenance above 15,900 is essential to regain momentum on the upside," said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities.Here are the top six stock recommendations which analysts suggest:
Economic Times

Propelling the Indian commodity derivatives market on a higher growth trajectory through FPIs participation - 2 days ago
Allowing FPIs in ETCDs could be seen as a major stride in the desired direction, which is likely to bump up liquidity, reduce pricing gaps, and promote efficient price discovery.It will lift market sentiments and enhance participation from producers, traders, end-consumers of various commodities for risk mitigation, and investors looking to diversify their portfolios through commodities.​
Economic Times

Dow falls more than 700 points as Wall Street grapples with recession fears - 2 days ago
The Dow Jones Industrial Average fell about 720 points, or about 2.3%. The S&P 500 dipped 2%, and the tech-heavy Nasdaq Composite shed about 1%. The market has dropped in four of the past five weeks, and the S&P 500 is more than 20% below its record high.
Economic Times

Dow falls more than 600 points as Wall Street grapples with recession fears - 2 days ago
The Dow Jones Industrial Average fell about 620 points, or about 2%. The S&P 500 dipped 1.9%, and the tech-heavy Nasdaq Composite shed about 1.5%. The market has dropped in four of the past five weeks, and the S&P 500 is more than 20% below its record high.
Economic Times

High trade deficits new norm for India; rupee to hit 82 this quarter: Nomura - 2 days ago
“We see multiple headwinds, including weakening India BoP dynamics, aggressive Fed hikes and rising US recession risks, which should drive INR weakness in coming months, with USD/INR at 82 by Q3 2022 and 81 by Q4 2022,” Nomura analysts said in a report.
Economic Times

Dow falls more than 500 points as Wall Street grapples with recession fears - 2 days ago
The Dow Jones Industrial Average fell 532 points, or about 1.71%. The S&P 500 dipped 1.5%, and the tech-heavy Nasdaq Composite shed about 1.6%.
Economic Times

As TCS readies with Q1 results, here's what top brokerages say - 2 days ago
This brokerage expects adjusted profit to rise 10.7 per cent YoY to Rs 9,968 crore on a 16.3 per cent YoY rise in sales at Rs 52,791 crore. Ebit margin is seen at 24 per cent against 25 per cent in March and 25.5 per cent in the year-ago quarter. All eyes will be on whether there is any change in nature of demand, presence of large and mega in a deal pipeline, hiring, attrition and onsite wage inflation trends and its impact on margins ahead, PL said.
Economic Times

Coffee Day Enterprises' total default at Rs 470.18 crore in first quarter of FY23 - 2 days ago
CDEL has reported a default of Rs 215.99 crore on the payment of the principal amount on loans or revolving facilities like cash credit from banks or financial institutions as on June 30, 2022.Besides, it has also defaulted in payment of interest of Rs 5.78 crore on the above, informed CDEL.
Economic Times

Disappointed with your portfolio in the first half of 2022? Here are the sectors to bet on - 2 days ago
"We are bullish on the auto, industrials, and cement sectors. Now is the time to be more reasonable in looking at cash flows, says Ashutosh Tiwari, the Managing Director, Research at Equirus.
Economic Times

Adani Power to seek shareholders' nod for related-party deal worth Rs 5k crore with AdaniConnex - 2 days ago
The ACPL is an indirect associate company of APL and both the companies are related parties as on date of this AGM notice, it said, adding that the aggregate value of the transaction is up to Rs 5,000 crore to be entered during FY23
Economic Times

Tech View: Nifty50 sees selling at high; consolidation may continue - 2 days ago
Mazhar Mohammad of Chartviewindia.in said that the day's chart depicted a shooting star-like candle with a long upper shadow. Tuesday's selling, according to him, has come from a massive supply zone present in 15,900-16,172 range.
Economic Times

Portfolio protector! Macquarie sees 58% upside in this defence stock - 2 days ago
"The addition of new customers and capabilities makes for a robust outlook for MTAR,” it said, adding that working capital improvement remains key.Differentiated engineering capabilities and lower raw material risk compared with traditional capital goods companies should help protect profitability in an inflationary environment, it further said.
Economic Times

Newsmakers on D-St: PTC, Marksans Pharma, MMTC among top 8 stocks in limelight today - 2 days ago
Benchmark indices Sensex and Nifty ended with losses, dragged by selling pressure in IT, auto and banking counters. There were many stocks which were in limelight during the day, some ended up with smart gains, while some took deep cuts. Here are select scrips that kept buzzing through the day:
Economic Times

This Jhunjhunwala's Tata group stock bet just received a 'reduce' rating - 2 days ago
Edelweiss said Rallis’s underperformance vis-a-vis peers is a key concern, noting the company's return on capital employed fell 900 basis points to 13.4 per cent over FY17–22, driven by a 500 basis points contraction in Ebitda margin at 10.5 per cent.Seasoned investor Rakesh Jhunjhunwala and his better half Rekha Jhunjhunwala owned a roughly 9.8 per cent stake in the company, which is worth Rs 371.9 crore, as per Trendlyne.
Economic Times

Vehicle finance firm in focus: Cholamandalam & Shriram Transport could give double-digit return - 2 days ago
If fuel prices were to stay or moderate from current levels, we do not estimate any significant impact on vehicle demand or on repayments or collections. However, if fuel prices were to increase by 10%-15% from current levels, we expect higher delinquencies particularly in the CV-CE segment.
Economic Times

Buying intensity of domestic funds recedes in June, may weigh on performance of local stocks - 2 days ago
If the purchasing intensity of the local funds continues to sap, it may weigh on the performance of Indian equities. The average daily cash volume on the NSE dropped by 45% to Rs 44,600 crore in June 2022, compared with the peak of Rs 81,400 crore in October 2021.
Economic Times

Wondering what this earnings season has in store? Check out brokers’ sector-wise preview - 2 days ago
Margins remained pressured as companies deal with elevated attrition resulting in high retention costs and increase in travel and discretionary expenses. Infosys and TCS may perform well but many others face risk of growth downgrades, Kotak said.
Economic Times

Sensex gives up 631-pt gain to end in red, Nifty drops near 15,800 - 2 days ago
Frontline indices erased over 1 per cent gains and settled with minor cuts, with the 30 share pack Sensex, settling 100 points lower at 53,134. Its broader peer, Nifty50, ended the session near the 15,800 mark.
Economic Times

Sensex pares intra-day gains to settle over 100 pts lower; Nifty ends at 15,811; banking, IT stocks drag - 2 days ago
Benchmark BSE Sensex on Tuesday gave up intra-day gains to close lower by a little over 100 points on emergence of fag-end selling in FMCG, banking and IT stocks and weak opening in European stock markets. The 30-share BSE index declined 100.42 points or 0.19 per cent to settle at 53,134.35. During the day, it jumped 631.16 points or 1.18 per cent to 53,865.93. The NSE Nifty also gave up intra-day gains and dipped 24.50 points or 0.15 per cent to 15,810.85.
Economic Times

Aether Ind June quarter shareholding pattern out. Here's how it looks like - 2 days ago
Overall, seven mutual funds held a total 7.4 per cent stake in the chemical manufacturer. A total of 14 foreign portfolio investors together owned a 1.8 per cent stake in the firm. One insurance company owned a 0.17 per cent stake in the company. Overall, institutions accounted for a 10.13 per cent stake.
Economic Times

Manufacturing stocks will lead the next bull run: Emkay Investment Managers - 2 days ago
Sachin Shah, Fund Manager, Emkay Investment Managers, said the current financial matrix as well the policy support is best suited for the manufacturing companies to outperform the broader markets.
Economic Times

Reliance, ONGC’s credit quality can bear windfall tax, says Moody's - 2 days ago
“While profits generated from oil exports will fall because of windfall taxes, they will likely remain higher than the levels over April 2020 to March 2022 if refining margins are sustained at the highs seen in April to June this year,” wrote Moody’s analyst Hui Ting Sim in a note. “High crude oil prices will support the earnings of oil producers.
Economic Times

How to buy stocks in a bear market? Nilesh Shah on the art of investing - 2 days ago
Urging investors to think of this bear market as an opportunity to make more money, the fund manager said the most exciting thing in a bear market is to be able to pick stocks at much below their fair value.
Economic Times

MMTC shares rally 10% on transfer of stake in Neelachal Ispat Nigam - 2 days ago
The share purchase agreement was signed on March 10, following which the buyer, NINL and the six selling shareholders worked towards satisfying a set of conditions defined in the SPA, including certification of operational creditor's dues, employees' dues, sellers' operational and financial dues.
Economic Times

PTC India Financial Services shares zoom 20%; here's why - 2 days ago
According to a press release issued by the company, the ASM report said that it is maintaining the required level of transparency in terms of submission of data/statements to the lenders as stipulated at the time of sanction.
Economic Times

How shifting to a new tax regime can impact Rs 1.5 lakh crore of ELSS fund flow - 2 days ago
The new tax regime has two main differentiating aspects. First, it offers more tax slabs. Second, it takes away all the exemptions and deductions available under Section 80, which is popular among taxpayers. So, if the cash in hand after adopting the new tax regime turns out to be higher than the benefit of tax deductions and exemptions available in the old tax regime, the taxpayer might choose the new tax regime.
Economic Times

European shares track Asian peers higher on China tariff relief hopes - 2 days ago
Offering a brief respite to nervous markets was a report that U.S. President Joe Biden was contemplating rolling back some tariffs on Chinese imports, as well as news that Chinese Vice Premier Liu He had a "constructive" virtual dialogue with U.S. Treasury Secretary Janet Yellen.
Economic Times

Japan's Nikkei rises 1% as investors pick up cheap tech stocks - 2 days ago
"Investors took a fresh view on technology and growth stocks as U.S. yields stabled. They were buying back shares that fell too much." said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Economic Times

What global brokerages say on Dalmia Bharat, HDFC merger & financials - 2 days ago
JP Morgan has maintained its 'overweight' stance on cement company Dalmia Bharat with a target price of Rs 1,680 on the counter. However, it has further cut its consensus earnings for the company. The brokerage said the earnings outlook remains hazy, though Q2 should be the bottom and if coal prices stay high, pricing power will be limited.
Economic Times

Tortoise wins the race! ITC breaks record to turn Nifty topper - 2 days ago
ITC shares, which hit a 52-week high of Rs 293.30 on Monday, have so far rallied over 33 per cent in 2022. As a result, the cigarettes-to-hotels conglomerate is now the top performer in Nifty pack on a year-to-date basis.
Economic Times

HBD Rakesh Jhunjhunwala! How Big Bull made it big on Dalal Street - 2 days ago
“Trading and investing are like having a wife and a mistress. You can’t manage both well. So, keep them apart. One should not know anything about the other,” Jhunjhunwala said in a 2018 interview.
Economic Times

How to buy stocks in a bear market? Nilesh Shah on the art behind investing - 2 days ago
Urging investors to think of this bear market as an opportunity to make more money, the fund manager said the most exciting thing in a bear market is to be able to pick stocks at much below their fair value.
Economic Times

Chart Check: Why this Adani group stock could touch fresh 52-week highs in next 6 months - 2 days ago
The stock hit a 52-week high of Rs 2420 on 27 April 2022 but then the trend went sideways. Recent price action pushed the stock above the 50-DMA which is a positive sign. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 2800 which would result in fresh 52-week highs in the next 6 months, suggest experts.
Economic Times

LIC gets 'buy' from Motilal Oswal, target at Rs 830 suggests 20% potential upside - 2 days ago
The brokerage has a price target of Rs 830 on the stock based on 0.8 times FY24 EV, as it expects gradual margin recovery and diversification in the business mix. This is even as LIC's high sensitivity to equity market volatility remains an overhang, the brokerage said.
Economic Times

2 sin stocks among top brokerage picks to shield your portfolio amid rising volatility - 2 days ago
Domestic brokerage firms have turned bullish on select consumption-related sectors ahead of monsoon. They are expecting recovery in these counters as the markets turn volatile. Interestingly, the majority of these names are from autos, FMCG and breweries. Here are the key picks recommended by brokerages to help shield your portfolio:
Economic Times

Marksans Pharma rallies 12% after board sets date to consider buyback - 2 days ago
Marksans Pharma’s filing to the exchanges about the buyback proposal said a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 8th July 2022 to consider the proposal for buyback of fully paid-up equity shares of the company.
Economic Times

Sensex rallies 400 points, Nifty above 15,950 on firm global cues - 2 days ago
Among Sensex stocks, Power Grid advanced 1.76 per cent to Rs 214.35. Bajaj Finserv added 1.65 per cent to Rs 11,570. NTPC, Tata Steel, Tech Mahindra, ICICI Bank and Infosys gained over 1 per cent each. SBI, Sun Pharma, Kotak Mahindra Bank, TCS, Dr Reddy's Labs and HCL Tech rose up to 1 per cent.
Economic Times

7 stocks that Axis Securities says can deliver up to 68% returns in one year - 2 days ago
The first six months have been nothing short of a roller coaster ride for investors. Axis Securities, in its latest report, said that the market will adopt a wait & watch approach till more clarity emerges on the direction and intensity of prevailing inflation as well as the demand scenario.It believes that even though the Indian markets will fall along with the global markets, the intensity of this fall is likely to be much lower. The brokerage firm does not expect a major earnings cut but some moderation of growth is expected in certain sectors.Here are Axis Securities' top stock recommendations for the month of July:
Economic Times

Sensex gains 250 points, Nifty tops 15,900; Marksans Pharma surges 12% - 2 days ago
Sensex rises 250 points, Nifty tops 15,900; Marksans Pharma surges 12%, IOB 5%; REC, ONGC among most active stocks on NSE.
Economic Times

Big Movers on D-St: What should investors do with Jamna Auto, IDFC First Bank and ITC? - 2 days ago
Stocks that were in focus included names like Jamna Auto Industries which rose over 4 per cent, IDFC First Bank which gained more than 5 per cent, and ITC which hit a fresh 52-week high and closed with gains of nearly 3 per cent.
Economic Times

Asian stocks edge higher growth, inflation fears check gains - 2 days ago
The index has fallen 16% so far this year, as worries that central banks around the world will push economies into recession to break red-hot inflation have sent investors running for cover.
Economic Times

Stocks in focus: HDFC Bank, Tata Steel and more - 2 days ago
Nifty futures on the Singapore Exchange traded 45.5 points, or 0.29 per cent, higher at 15,869, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today's trade.
Economic Times

Buy or Sell: Stock ideas by experts for July 05, 2022 - 2 days ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on ICICI Bank and Adani Ports while Nooresh Merani has buy/sell recommendation on Axis Bank and DLF for today's trading session. Check out the targets and stoploss.
Economic Times

Corporate Radar: Mindtree, Mphasis to turn ex-dividend; PTC India earnings; stock splits & more - 2 days ago
A board meeting of Sungold Media and Entertainment will take place today to consider the preferential issue of shares and the board of Bengal Steel Industries will meet to consider the voluntary delisting of shares.
Economic Times

Brent up as strike in Norway threatens to disrupt oil, gas output - 2 days ago
Oil output will be cut by 130,000 barrels per day from Wednesday, the lobby had said, corresponding to around 6.5% of Norway's production, according to a Reuters calculation. "Crude oil gained as investor focus returned to signs of market tightness," ANZ analysts said in a note
Economic Times

Tata Motors hopes to pay dividend soon: Chandra - 2 days ago
Tata Motors hopes to return to the list of dividend-paying companies soon. The flagship of the Tata Group has not paid dividends to its shareholders for the last five years.
Economic Times

HDFC merger gets RBI nod, will up private banks’ market share - 2 days ago
The private lender said on Monday that the RBI has accorded its no objection to the merger scheme, which involves amalgamation of HDFC Investments and HDFC Holdings into HDFC and subsequently merger of HDFC into HDFC Bank. HDFC Bank’s loan book at the end of the first quarter stood at Rs 13.9 lakh crore, an increase of 21.5% over Rs 11.5 lakh crore in the corresponding quarter of the previous year. The bank’s deposits over the same period rose 19.3% to Rs 16 lakh crore.
Economic Times

Stocks in the news: LIC, Tata Steel, Vedanta, Adani Enterprises and HDFC Twins - 2 days ago
The largest private lender HDFC Bank said it has got banking sector regulator RBI's nod for the merger proposal of its parent HDFC with itself. It is touted as the biggest transaction in India's corporate history.
Economic Times

InterGlobe Aviation shares recover after early Jitters - 2 days ago
The on-time flight performance of India's biggest carrier by market share dropped to around 45.2% on Saturday, according to data on the website of the aviation ministry, from the 80s earlier in the week. Its rivals' on-time performance on the same day ranged between 77% (Air India) and 92.3% (AirAsia India). A person in the know said Tata Sons-owned Air India and a Gulf carrier held recruitment drives during the weekend.
Economic Times