This is in the context of the RBI clamping down on unregulated co-branded partners working with banks and, in many cases, accessing customer transaction data for their own business purposes.

Japan remained an outlier as expectations mount that the Bank of Japan (BOJ) could finally exit negative interest rates this month. That lit a fire under the yen and sent domestic bond yields rising.

After getting criticism for waiting too long before raising interest rates when inflation was accelerating, Powell faced questions from the Senate's banking committee about the possibility that it could be too late in cutting rates. That would cause undue pain because high rates slow the economy.

“Kalyan Jewellers stock has been making higher highs from the last ten months and trading in an upward sloping channel. Traders can buy for a target of Rs 430 in the next 3-4 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Wall Street indexes rose as investors anticipated more commentary from Jerome Powell on a rate cut. U.S. equities, including technology and chip stocks, gained. All 11 S&P 500 sectors led the charge. Fed Governor Michelle Bowman expressed a different view. Unemployment claims remained unchanged. Labor market and nonfarm payrolls report awaited. Eli Lilly faced competition.

Fiscal 2024 sales predicted at $6bn, below estimates. First-quarter sales expected to decline. 35 stores to close, 15 new stores to open, despite slow demand, competition from Amazon and Lululemon.

"I think we're in the right place, which is, we're waiting to become more confident that inflation is moving sustainably at 2%," Powell told the Senate banking committee.

Prudential Management and Services, a promoter of Mahindra & Mahindra, offloaded shares resulted in a 3.99% tumble of Mahindra & Mahindra shares. Details of the buyers are unknown.

​Realty developer Lodha, listed as Macrotech Developers, has raised $400 million or over Rs 3,300 crore from global and domestic institutional investors including Invesco Oppenheimer, Blackrock, Carmignac, APG, and HDFC Life with an issue of equity share sale through qualified institutional placement (QIP).

​IndiGo co-founder Rakesh Gangwal will sell up to a 3.3% stake in Interglobe Aviation, the company that owns and operates the airline IndiGo, through a block deal for an estimated Rs 3,700 crore. The shares will be sold at Rs 2,950 each, according to the terms of sale.

The Dow Jones Industrial Average rose 123.25 points, or 0.32%, at the open to 38,784.30.

Dealers expect demand to recover once states resume spending on infrastructure after general elections. Also, real estate companies have been showing good traction in residential sales. According to analysts, demand for residential properties has been higher than the existing inventory in the market. It is estimated that real estate generates 55% of total cement demand while the remainder is from infrastructure projects.

The European Central Bank left interest rates unchanged as expected on Thursday but acknowledged that inflation is easing faster than once thought, potentially opening the way for rate cuts later this year.

Promoter Rakesh Gangwal and entities are likely to sell a 3.3% stake in InterGlobe Aviation. ​The floor price for the sale has been fixed at Rs 2,925 a share, a discount of 6% to the current market price.

Bitcoin has risen more than 300% since November 2022 when the prices dropped to $16,000 that year. Now, the numero uno crypto token is trading at $69,000, it's fresh all-time high. While the comeback is a reversal of fortune, let's take a look at the timeline and factors behind the rise. (Source: TOI | NYT | Bloomberg)

Short covering refers to the buying of shares 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 Thursday's trading session, four stocks saw top short covering. Here's the list:

Nifty stayed below the psychological 22,500 mark, with call writers at the 22,500 strikes significantly increasing their positions. On the downside, support is expected to hold at 22,400. The buy-on-dips strategy is likely to persist as long as it remains above 22,400.

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

The regulator has passed an interim order against the firm on this matter.

Vedanta has been warned by the markets regulator to strengthen its internal control for corporate announcements and press releases. Sebi found violation of Sections 12A (a), (b), (c) of SEBI Act, 1992 r/w Regulations 3 (b), (c),(d), 4(1) & 4(2) (k) & (r) of SEBI (PFUTP) Regulations, 2013 in respect of Vedanta publishing information related to its unlisted ultimate holding company.

The RBI has been warning financial services firms to improve their governance and risk assessment systems for months. Even though bad debts are at a more than a decade low, the regulator has clamped down on unsecured lending and asked banks to make more provisions for other loans.

The auto sector now has the fourth highest allocation in the FPI portfolio after banking, financial services and insurance (BFSI), information technology (IT), and Oil & Gas which have weights of 28.7%, 10.29% and 9.5% respectively. The FPIs’ assets under management (AUM) related to the auto sector increased by 72% to $54.4 billion in the past 12 months compared with a 42% rise in their total equity AUM at $763 billion.

In March, equity markets will be closed for trading on three occasions — the other two being March 25, Monday, on account of Holi and March 29, Friday, on account of Good Friday. NCDEX will remain closed on both days while MCX will be closed in both sessions on Good Friday but resume trading in the evening session on March 25 (Holi).

The 30-share BSE benchmark Sensex surged 33 points or 0.05% to settle at 74,119. The broader NSE Nifty gained 19 points or 0.09% to end at 22,493. Tata Steel, Tata Motors, JSW Steel, and Bajaj Finserv were the top gainers. Bajaj Finance, Asian Paints, ITC, Nestle India, and TCs also closed higher. Axis Bank and ICICI Bank closed lower.

Market has a strange habit of giving surprises on both sides, moving up when no one is expecting and news is bad all around. Falling when no one is expecting it to fall and there is good news all around. So, in today’s time when there is good news all around, right from higher GDP numbers to better GST collections and on micro front companies announcing more orders and even words like expansion of capacity coming back, instead of predicting the time when there will be a correction, just be ready for it. Ready by staying with large caps and that too with sectors and stocks where some tailwinds are emerging. This is not to say that there cannot be some underperformance in large cap space, but the fact is that over the long term these large caps not only create much more wealth but in a bearish phase, they tend to protect the wealth by falling less as compared to mid and small caps.

The further public offer is being made through the book-building process, wherein not more than 50% of the net offer shall be allotted on a proportionate basis to qualified institutional buyers, not less than 15% shall be available for allocation to non-institutional bidders, and not less than 35% of the net offer shall be available for allocation to retail individual bidders.

Domestic brokerage SBI Securities in its latest report has listed its top picks based on the December quarter results. Take a look:

Among listed Tata Group companies, Tata Motors and Tata Chemicals own a 3% stake each in Tata Sons, whereas Tata Power owns a 2% stake and Indian Hotels owns 1% in the holding company. The market value of Tata Sons’ listed investments is around Rs 16 lakh crore.

Commenting on the current trends, the financial services company said that investor accounts of women are witnessing a steady rise indicating growing confidence, rise in financial awareness and proactiveness among women in managing their finances.

Indian equity indices traded flat after hitting fresh record highs at the open on Thursday, weighed down by Mahindra & Mahindra and private banking stocks. Meanwhile, in today's trade, six Nifty50 stocks hit a new 52-week high. Here's a list:

​Japan's Nikkei share average slipped from a record high to end sharply lower on Thursday amid sell-off of chip-related stocks as the yen gained amid growing expectations for the Bank of Japan's policy tweak.

In the last two years, every sector has come into focus at one point of time or the other. Some came into limelight due to the fact of real positive changes in the fundamental operating matrix of that sector. While others came into focus just because of too much liquidity chasing Indian paper. In the case of the pharma sector, after years of consolidation, valuation readjustment and regulatory learning which altogether led to positive change in the fundamentals, the stocks made a comeback. It is almost a period of six to eight years that the industry is back on the list where there are more positive developments than negative. These changes have come after the management of a large number of pharma companies learnt the lesson hard way. The lessons that expansion based on PPT presentations on market growth are probably not the best way to run business, rather ensuring compliance to regulatory requirements is more important. So sectors like pharma which have seen a very long phase of business remodelling and valuation readjustment need to be brought back on the watch list.

Short-term traders can look to buy the stock now for a possible target above 200 levels in the next 3-4 weeks, suggest experts.

The world's largest crypto token today jumped to an intraday peak of $67,637 in volatile trading, not too far from Tuesday's record high of $69,202. It was last 2.4% higher at $66,015.

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

Devina Mehra, Deepali Jose, Geetika Gupta, Sonam Srivastava, and Vaishali Pitale are successful female fund managers in the wealth management industry. They have achieved significant success in managing assets and delivering impressive returns.

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:

Women have achieved remarkable milestones, but they often rely on men for investment decisions. Investing is simple, requiring the right behavior towards money. Armed with risk-awareness and discipline, women can become smart investors. Understanding financial patterns and prioritizing investment leads to financial independence.

After being net sellers in financial services to the extent of Rs 30,013 crore in January, FIIs sold another Rs 9,977 crore last month.

GQG Partners, led by Rajiv Jain, bought 49 million shares of Bharti Airtel from Singtel's subsidiary Pastel Limited, reducing Singtel's stake to 29%. Singtel sold stake to fund growth of data center, IT services, and reduce net debt. Singtel raised S$0.95 billion, while adding a marquee name to Airtel's share base.

It's already been a good year for IPOs with robust listing gains. Out of the 15 companies that made their way to the bourses, only 4 companies opened in the negative while the rest brought cheer to investors. Here are the top 5 IPOs so far in 2024 that returned plenty on debut.

Shares of IIFL Finance rose 9% after a 4-session decline. Fairfax India provided $200M liquidity support amid RBI's gold loan disbursement embargo. Jefferies downgraded the stock. The RBI found violations in IIFL Finance's gold loan portfolio.

In the last two years, every sector has come into focus at one point of time or the other. Some came into limelight due to the fact of real positive changes in the fundamental operating matrix of that sector. While others came into focus just because of too much liquidity chasing Indian paper. In the case of the pharma sector, after years of consolidation, valuation readjustment and regulatory learning which altogether led to positive change in the fundamentals, the stocks made a comeback. It is almost a period of six to eight years that the industry is back on the list where there are more positive developments than negative. These changes have come after the management of a large number of pharma companies learnt the lesson hard way. The lessons that expansion based on PPT presentations on market growth are probably not the best way to run business, rather ensuring compliance to regulatory requirements is more important. So sectors like pharma which have seen a very long phase of business remodelling and valuation readjustment need to be brought back on the watch list.

Nifty 50 came under corrective pressure but it fought fire with fire and rebounded to end with gain.

The sale, carried out through Singtel’s subsidiary Pastel Limited, resulted in Singtel’s effective stake in Bharti Airtel reducing from 29.8% to 29%.

Brokerage firm Nuvama maintained a buy rating on MGL, CLSA initiated coverage on Syrma SGS Technology with a buy rating, CLSA maintained a sell rating on Jubilant FoodWorks, and UBS maintained a buy rating on BEL.

Indian equity indices Nifty50 and Sensex opened with a fresh record high after U.S. Federal Reserve Chair Jerome Powell assured likely rate cuts this year. M&M fell 4.2% due to an equity block deal. Hindustan Aeronautics signed an amendment to the LCA IOC contract.

Shares of M&M fell 4.25% as promoters sold partial stake in an equity block deal. PMSL, a promoter group entity, sold 0.75% of the company's stake, reducing promoter group's holding to 18.57%, according to reports. M&M's net profit in the December quarter jumped 61% YoY to Rs 2,454 crore. Shares have rallied about 49% in the last one year.

MVK Agro Food Product lists on NSE SME platform at 34% discount. IPO receives 8x subscription. Proceeds used for greenfield unit in Nanded. Engaged in sugar production and power generation with highest ethanol diversion. Revenues of Rs 60.12 crore, net profit of Rs 4.3 crore.

Mukka Proteins' shares debut with a 57% premium. The IPO received strong subscription. The company sells fish meal domestically and exports to multiple countries. It has a significant market share in India and recorded impressive revenue and profit growth.