Exide and Amara Raja added a combined market value of about $2 billion in April as investors boosted their bets in the nascent clean car market. Purchase subsidies, lower operating costs and state-level policy will continue to support growth in the industry, analysts said.

Kotak Mahindra Bank's shares plunged 12% to Rs 1,620 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

Kotak Mahindra Bank loses fourth position to Axis Bank on Dalal Street. Shares drop 10% post RBI ban. Analysts foresee derating if issues persist, impacting profitability and growth trajectory.

On Thursday, Axis Bank shares surged 5% to reach the day's peak at Rs 1,119, following the company's release of better-than-anticipated results. The bank reported a formidable profit of Rs 7,129.67 crore for the March quarter, buoyed by margin expansion and increased non-core incomes.

Kotak Mahindra Bank loses fourth position to Axis Bank on Dalal Street. Shares drop 10% post RBI ban. Analysts foresee derating if issues persist, impacting profitability and growth trajectory.

Vodafone Idea shares tumbled 10% to Rs 11.8 in Thursday's NSE trading session following the listing of its follow-on public offer (FPO) shares on the bourses. However, the shares opened at a 7.2% premium compared to their FPO issue price of Rs 11.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Tuesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

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

Mumbai: Vodafone Idea Limited FPO was listed on the Natinal Stock Exchange on April 25. Listing a company on the National Stock Exchange will benefit the company as it will lead to increase liquidity and trade volumes. At the event, Chairman of Aditya Birla Group, Kumar Mangalam Birla, CEO of Vodafone Idea Limited, Akshaya Moondra and SBI Chairman, Dinesh Kumar Khara were present. At the event, Chairman of Aditya Birla Group, Kumar Mangalam Birla interaxted with the media and said, “We are very happy, this is a new life for Vodafone Idea. We look forward to being announced as the outstanding service provider to our customers”.

Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. Here's is a list of 9 large and midcap firms where promoters' pledge went up in Q4 FY24, according to StockEdge data:

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Q4 earnings season is in full swing and the brokerage firms are also actively monitoring the performance of the companies. Trendlyne has compiled data of small and midcap companies in which various brokerage firms have upgraded their ratings. Here’s the list:

LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore. Market cap of PSU stocks rises to Rs 67 lakh crore.

Kotak Mahindra Bank's shares plunged 12% to Rs 1,620 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

Nifty opened higher but started losing altitude in the second half. The headline index closed with a modest gain.

The stock bounced back after retesting 200-DMA on April 19, 2024, on the daily charts, a positive sign for the bulls. It also managed to reclaim 50-DMA. The stock bounced back after retesting 200-DMA on April 19, 2024, on the daily charts, a positive sign for the bulls. It also managed to reclaim 50-DMA.

Morgan Stanley reiterated its overweight rating on Dalmia Bharat, while Macquarie advised an outperform rating for Axis Bank. Jefferies sustained a hold rating on Kotak Mahindra Bank, and Investec endorsed a buy rating for Aurobindo Pharma.

Kotak Mahindra Bank's shares plunged 10% to Rs 1,659 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

The BSE Sensex was trading 187 points or 0.25% lower at 73,668. Nifty50 was trading at 22,345, down 57 points or 0.26% at around 9.19 am.

Shares of the Facebook and Instagram parent dropped about 15% in extended trade following the report, its market capitalization plunging to about $1 trillion.

Stocks that were in focus included names like SAIL, which rose 7.36%, MCX, which was down 4.63%, and HUL, whose shares declined 4.65% on Wednesday.

A 15% dive in shares of Meta in extended trading after the Instagram parent forecast lighter-than-expected current quarter revenue and higher expenses soured the mood, sparking a sell-off in U.S. tech and tech-related stocks.

“LTI MindTree stock is showing signs of bottoming out near the long-term trend line support of 4600 levels. Traders can buy for a target of Rs 5200-5400 in the next 2-3 months,” Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher Pvt. Ltd, said.

Tesla jumped 12% after the electric vehicle maker's plans to boost production and roll out more affordable models overshadowed its weak quarterly results.

Sankar, a career central banker who joined the RBI in 1990, was initially appointed as Deputy Governor on May 3, 2021 for a three-year period.

The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix its IT systems over the past two years. The bank was asked to stop functions cited "with immediate effect" and assured customers that there would be no interruption to services. Kotak Mahindra Bank has taken measures to strengthen its IT systems and will continue to work with the RBI to resolve balance issues at the earliest.

The case relates to an inspection of mutual funds and portfolio management services (PMS) activities of Invesco Asset Management for the period between October and November 2021.

Of these, 73% of the KYC records are under 'KYC Validated' status, 15% are under 'KYC Registered' status and the remaining 12% are under 'KYC On-Hold' status.

Kotak Mahindra Bank is in the latest in the line of entities in financial services which has been pulled up for various lapses. Hints are that more could be penalised for dropping the ball - particularly if they had chosen to disregard warnings and red flags.

The MIBOR, in turn, is used as a benchmark or reference for derivative products such as interest rate swaps, forward rate agreements and term deposits and certain types of debt instruments issued by firms to raise money.

Here's a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 24% as per analysts’ price targets

​​For instance, five stocks, NHPC, Indian Renewable, IRFC, Yes Bank, and HDFC Bank, collectively added 75 lakh investors during the quarter ending March 2024. NHPC led the pack with a substantial influx of 23 lakh new investors.

Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day.

The IT stock hit a 52-week high of Rs 6,442 on January 5, 2024, but failed to hold the momentum. It closed at Rs 4,721 on April 23, 2024, which translates into a fall of over 26%. It has remained flat from a 3–6-month perspective, largely in line with the selling pressure seen in the IT index. The index has fallen over 7% in the last 3 months but rose a little over 10% in a 6-month time frame.

Some megacap stocks declined, weighing on indexes. Meta Platforms, Amazon.com and Nvidia were down between 1.6% and 1.7%. Yield on the 10-year Treasury note rose and was last at 4.6541%.

Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. The newly minted plans also helped Wall Street shrug off the company's weak first-quarter results, including a lower-than-expected profit and the first drop in quarterly revenue in nearly four years.

A release by the NSE claimed that the new derivatives contract received a positive response from market participants with more than 375 trading members from across the country participating in the index derivatives. The trading members involved in execution of the initial trade include East India Securities Limited, and Samco Securities Limited.

SAMHI Hotels, SAMHI Hotels share price, Kotak Equities, Chalet Hotels stock target, Indian Hotels stock target

NSE, the world's top derivatives exchange in 2023, was approved by Sebi to introduce Nifty Next 50 index derivatives starting April 24, 2024. Here are all the important things you should know about it. (Source: Motilal Oswal)

Indian benchmark equity indices ended higher for the fourth straight session on Wednesday, led by financial and metal stocks. The S&P BSE Sensex closed 0.16% higher at 73,852, while the NSE Nifty50 index ended above the 22,400 level."The short-term trend of Nifty is range-bound with a positive bias. The present range-bound action could eventually result in a decisive upside breakout in the near term. A decisive move above 22,500 is expected to open the next upside target of 22,800 levels in the near term. Immediate support is at 22,300-22,250 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.

A key advantage of these strategies is the limitation of losses. Regardless of market fluctuations or extreme events, such as circuit breakers or geopolitical turmoil, losses are capped at a predetermined amount.

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 Wednesday's trading session, four stocks witnessed a top long unwinding. Here's the list:

Motilal Oswal AMC has a turnaround in performance with 90% of the total schemes outperforming their respective benchmarks. This has led to an improvement in assets under management (AUM) to Rs 71,810 crore in March 2024 from Rs 45,712 crore in March 2023.

According to exchange data, CPPIB currently holds 5.96% stake in the firm, which is also backed by the likes of Nexus Ventures, Steadview Capital, Softbank, and Fedex.

The Dow Jones Industrial Average rose 49.1 points, or 0.13%, at the open to 38,552.79

The move comes following an order by the National Company Law Tribunal (NCLT) to convene a meeting of the ordinary shareholders of the company.

Finolex shares have given a Cup & Handle breakout on the monthly charts and can be bought at above Rs 275 by aggressive traders for a target of Rs 325, and a stop loss can be placed below Rs 229.

Going ahead, 22,500 level remains a significant resistance on the monthly expiry day, but a sustained trade above 22,500-22,550 could trigger further upward movement, potentially driven by contract adjustments.

Investors' wealth surged Rs 8.48 lakh crore in four days of market rally where the BSE benchmark has climbed nearly 2 per cent amid firm global trends.

Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore.