Sensex hits fresh high, Nifty tops 22,500 as record run on D-Street continues - 9 months ago
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.
Economic Times

M&M shares fall 4% as promoter likely sells stake via block deal - 9 months ago
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.
Economic Times

MVK Agro Food Product shares list at 34% discount on NSE SME platform - 9 months ago
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.
Economic Times

Mukka Proteins debuts with 57% premium over IPO price - 9 months ago
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.
Economic Times

Fundamental Radar: Indo Count’s RoCE may expand to 20% in FY25, says Sandeep Raina - 9 months ago
Indo Count Industries is the world’s largest manufacturer and exporter of bed sheets with a capacity to produce 153 million metres of bedsheets. With the recent capex and sufficient capacity, the company is well placed to capture the business upcycle, says Sandeep Raina of Nuvama Professional Clients Group.
Economic Times

Fundamental Radar: What’s likely to drive Indo Count’s RoCE to 20% in FY25? Sandeep Raina explains - 9 months ago
Indo Count Industries Ltd, the world's largest bed sheet manufacturer and exporter, has seen growth in revenue, operating profit, and net profit over the past 5 years. The company has gained market share from China and Pakistan and has robust demand in key markets.
Economic Times

Global funds catch craze for India’s minnows in hunt for winners - 9 months ago
The number of firms with more than 10% overseas shareholding rose to 275 on the BSE 500 Index as of December-end, versus 257 a year ago, according to a Bloomberg analysis of foreign institutional ownership data.
Economic Times

Apple looks most oversold in years after $200 billion selloff - 9 months ago
Shares of the iPhone maker are down 14% from a recent peak and have dropped 12% this year, compared with a gain of 7.42% for the Nasdaq 100 Index. Apple shares have been pressured by concerns over iPhone sales in China and a fine from the European Union.
Economic Times

Asian shares rally on US rate relief, yen jumps on BOJ chatter - 9 months ago
Japan's Nikkei reversed earlier gains and the yen jumped past the 149 per dollar level to the highest in a month as momentum builds that a move from the Bank of Japan to end negative interest rates could come as soon as this month.
Economic Times

Big movers on D-Street: What should investors do with JM Financial, Samvardhana Motherson and L&T Finance? - 9 months ago
Stocks that were in focus included names like JM Financial, which fell 10.42%, Samvardhana, which declined 3.83%, and L&T Finance, whose shares dropped 7.31% on Wednesday.
Economic Times

Wall Street indexes advance as Fed's Powell fuels hopes for rate cuts this year - 9 months ago
In prepared remarks ahead of his congressional testimony, Powell said inflation had "eased substantially" since hitting 40-year highs in 2022, but that policymakers still needed "greater confidence" in its decline before rate cuts.
Economic Times

Fed's Kashkari sees two rate cuts at most this year - 9 months ago
"It's hard to see, with the data that's come in, that I'd be saying more cuts than I had in December," Kashkari said. "It seems like at a base case I'd be where I was in December, or potentially one fewer, but I haven't decided."
Economic Times

Sebi to introduce settlement scheme III on illiquid option cases - 9 months ago
​ The Scheme would provide a settlement opportunity to all the entities that have executed reversal trades in the stock options in the period between April 01, 2014 and September 30, 2015, against whom proceedings have been initiated and are pending before any authority, Sebi said.
Economic Times

Stock Radar I What should investors do with V-Guard that hit record highs in March? - 9 months ago
“V-Guard has been inching gradually higher for the last six months, after breaking out from a 6-year long consolidation phase. Traders can buy for a target of Rs 410 in the next 2-4 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd., said.
Economic Times

RBI Guv Shaktikanta Das sees India growing close to 8% in FY24 - 9 months ago
RBI Governor Shaktikanta Das expects India's economic expansion in FY24 to be close to 8%, higher than official estimates. He clarified that recent RBI action was targeted at Paytm Payments Bank, not fintech companies. Internal surveys indicate high capacity utilisation and expectations of private investment picking up.
Economic Times

'Concentrated' AIFs need stricter rules to stop misuse: Fund Houses - 9 months ago
Even though an industry-wide consensus is yet to be reached on the subject, a number of AIF managers are taking such positions with the Securities and Exchange Board of India (Sebi) having made it clear that it would like to put an end to deals that are cut to circumvent different financial regulations. Such practices, according to the regulator, could erode trust in the system.
Economic Times

IIFL Finance to get $200 million from Watsa's Fairfax post RBI curbs - 9 months ago
On Monday, the Reserve Bank of India placed restrictions on the company, claiming deviations in lending processes. Since the ban, shares of IIFL Finance have fallen 36% to close at Rs 382.80 on the BSE Wednesday.
Economic Times

Bulls march on: Sensex crosses 74k milestone - 9 months ago
The Sensex gained 408.86 points, or 0.55%, to close at 74,085.99 after hitting a record 74,151.27. The Nifty rose 117.75 points, or 0.53%, to close at 22,474.05 after hitting an all-time high of 22,497.20. Both indices, which were trading lower earlier in the day, rebounded in the latter half.
Economic Times

ET analysis: RBI shows the fist to build 'future proof' digital financial ecosystem - 9 months ago
Recent penalties on financial intermediaries by the RBI under Governor Shaktikanta Das reflect the regulator's intolerance towards non-compliance. The actions highlight serious violations, including non-compliance with regulations and deviation from good governance. The RBI is focused on improving compliance and transparency in the financial sector.
Economic Times

City gas companies stocks tumble on government pricing concerns - 9 months ago
Mahanagar Gas shares plunged 15.4% to close at ₹1,324.7 Wednesday. Indraprastha Gas fell 6.15% and Gujarat Gas declined 6.74%.
Economic Times

Shriram Finance plans to raise $200 million - 9 months ago
The company has sought interest from foreign banks for what will be classified as a social loan because of Shriram's lending profile which includes loans to small entrepreneurs and vulnerable social groups.
Economic Times

JM Financial shares plunge over 10% after RBI action - 9 months ago
The Reserve Bank of India (RBI) on Tuesday asked the financial services firm "to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of loans against initial public offering (IPO) of shares as well as against subscription to debentures."
Economic Times

Tata Chemicals soars to highest on parent's listing talk - 9 months ago
According to a recent note by Spark Private Wealth Management (PWM), the Reserve Bank of India classified Tata Sons as an 'upper layer' NBFC last year, which makes it mandatory for the company to list itself on the exchanges by September 2025.
Economic Times

Stocks in news: Tata Motors, M&M, NLC India, UPL, Vedanta - 9 months ago
Japan's Sumitomo Wiring Systems, a promoter in Samvardhana Motherson International, sold partial stake in the company through bulk deals on Wednesday.
Economic Times

Mood upbeat, promoters use preferential allotments to raise stake - 9 months ago
In the past six months, more than 100 companies have issued convertible warrants or made preferential allotments to promoters, considered a sign of optimism among these shareholders about the outlook of their businesses and share valuations.
Economic Times

Stock Radar: V-Guard breaks out from 6-month consolidation to hit fresh highs; time to buy? - 9 months ago
The V-Guard stock found support above the 280 level on the daily charts. However, it picked up momentum in the last week of February, which helped the stock break out from 6-month long consolidation. The stock witnessed a breakout from its previous swing high of Rs 335 in the last week of February. It hit a record high of Rs 350 on 4th March 2024. In terms of price action, the stock is trading below 5-DMA but above 10,30,50,100 and 200-DMA on the daily charts.
Economic Times

US stocks rise after Powell signals rate cuts this year - 9 months ago
Wall Street's indexes rose as Federal Reserve Chair Jerome Powell expects a benchmark interest rate reduction. Inflation eased. Megacap growth and technology stocks rose. Treasury yields declined. AI darling Nvidia outperformed peers. U.S. private payrolls showed slightly less growth than expected.
Economic Times

Govt to sell up to 7% stake in NLC India via OFS; issue opens for non-retail investors on Thursday - 9 months ago
The government has set the floor price for the same at Rs 212 a share. The floor price is at a discount of over 6% to the current market price of the stock.
Economic Times

Sebi comes out with settlement scheme III on illiquid option cases - 9 months ago
Capital markets regulator Sebi on Wednesday introduced a third settlement scheme for entities involved in reversal trades in the stock options segment on BSE in 2014 and 2015.
Economic Times

US stocks rise after Fed Chair Powell's remarks - 9 months ago
The Dow Jones Industrial Average rose 135.96 points, or 0.35%, at the open to 38,721.15.
Economic Times

Japanese promoter Sumitomo sells 4.4% stake in Samvardhana in Rs 3,630-crore bulk deal - 9 months ago
Sumitomo has offloaded about 30 crore shares or 4.42% stake in the company at Rs 121 apiece, according to exchange data. This takes the deal value to Rs 3,630 crore. It is unclear who the buyers were in the transaction. Post the stake sale, Sumitomo's shareholding has come down to 9.73%.
Economic Times

AntFin sells 2% stake in Zomato via open market for Rs 2,828 crore - 9 months ago
AntFin entity AntFin Singapore Holding Pte sold 176,395,675 shares of Zomato at an average price of Rs 160.3 a share, bulk deals data on BSE showed. As of December end, AntFin Singapore Holding Pte Ltd held a 6.32% stake in the quick commerce services provider.
Economic Times

Moody’s affirms 'Ba3' rating on Tata Motors with positive outlook post demerger move - 9 months ago
The demerger is subject to shareholders' and regulatory approvals, and the automaker expects to complete it within the next 12-15 months.
Economic Times

Market Trading Guide: Tata Consumer Products, Axis Bank among 5 stock recommendations for Thursday - 9 months ago
Benchmark Sensex and Nifty rebounded from early lows and settled at fresh record high levels in a volatile trade on Wednesday following buying in the private bank and select IT shares. The 30-share BSE Sensex jumped 409 points or 0.55% to settle at a new record high of 74,086. The index had opened lower and later fell to a day's low of 73,321 in the first half. The broader Nifty climbed 118 points or 0.53% to settle at a lifetime high of 22,474.05. "One may expect further upside in the coming sessions and the next upside levels to be watched around 22,800 and immediate support is at 22,300-22,250 levels," said Nagaraj Shetti, senior technical research analyst, HDFC SecuritiesHere are 5 stock recommendations for Thursday:
Economic Times

Fed's Powell still expects rate cuts, but inflation progress 'not assured' - 9 months ago
U.S. Federal Reserve Chair Jerome Powell said on Wednesday that continued progress on inflation "is not assured," though the central bank still expects to reduce its benchmark interest rate later this year.
Economic Times

Tech View: Nifty ends above 21-EMA ahead of weekly expiry. What traders should do on Thursday - 9 months ago
One may expect further upside in the coming sessions and the next upside levels to be watched around 22,800 and immediate support is at 22,300-22,250 levels, said Nagaraj Shetti of HDFC Securities.
Economic Times

Technical Breakout Stocks: How to trade ICICI Bank and SBI on Thursday - 9 months ago
The S&P BSE Sensex rallied over 400 points while the Nifty50 closed with gains of over 100 points to hit a fresh closing high. Sectorally, buying was seen in banks, IT, consumer durable, healthcare, and auto stocks while realty, power and oil & gas stocks saw some selling pressure.
Economic Times

Sun TV, IEX among 5 stocks with top long unwinding - 9 months ago
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 Wednesday's trading session, five stocks witnessed top long unwinding. Here's the list:
Economic Times

HDFC Bank, SBI 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 Wednesday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

FIIs sold stocks worth more than Rs 29,000 crore from 8 sectors in Feb. Take a look - 9 months ago
Foreign institutional investors or FIIs continued their profit-booking spree on Dalal Street in February. Led by financials, 9 sectors bore the brunt of this selloff (Source: Ace Equity | Ritesh Presswala )
Economic Times

Mukka Proteins to list tomorrow. What GMP indicates ahead of debut? - 9 months ago
The shares of Mukka Proteins will debut on the exchanges on Thursday. Ahead of the listing, the company's shares are trading with a GMP of Rs 35.
Economic Times

LTIMindtree likely to remain under pressure in near term amid demand uncertainties - 9 months ago
LTIMindtree stock down 9% in 3 months. December quarter revenue growth limited to 0.8%. FY25, FY26 earnings estimates pruned. Revenue rose 1.2% sequentially in rupee terms. Operating margin shrank. Employee utilisation improved, attrition fell. $1.5bn order flow in quarter. Revenue visibility improves. Clients prioritize cost efficiency.
Economic Times

Unstoppable Bulls! Rally in private banks drive Sensex, Nifty to fresh milestones - 9 months ago
Indian equity indices Nifty50 and Sensex hit a lifetime high led by financials and IT stocks. Top gainers include Kotak Bank, Bharti Airtel, Axis Bank, Sun Pharma, M&M, and HCL Tech. Investors await Powell's testimony and labor market data for rate cut clues.
Economic Times

Downgrade by brokerages is the final green flag for contrarians? 4 IT stocks which may deliver between 24 to 30% returns - 9 months ago
In the last three days, one of the well-respected brokerage houses has come out with two reports in which they downgraded two sectors to underperform. One metal and other IT. As the market is under the profit booking phase, these stocks also declined, so an impression is created that probably what the brokerage is saying is correct. Before one takes action based on these reports, some questions need to be answered. First, why downgrade a sector now given the fact that it has been underperforming for more than two years? Secondly is this the first downgrade, such downgrades have been happening in the past, but stocks have not seen any serious correction. Also while brokerage is downgrading the stock, other news reports are indicating the worst might be over. So, probably it is time for contrarian investors to bring some stocks on their watch list. 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

Is the worst of headwinds behind them? 5 agrochemical stocks with upside potential of up to 32% - 9 months ago
While they had been listed for a long period of time, Indian companies in agro chemical space got the real attention of the street only four years back. As many tailwinds appeared on the scene, there was strong re-rating of the whole sector. Typically, what happens when a sector gets re-rated is that valuations run ahead of time and there are too many eyes which are watching the sector. So, if there is even a little bit of disappointment, the selling pressure is also equally high. In the case of agro chemicals there were some real problems which came up soon after the re-rating took place. Chinese companies become overactive and dumping, globally inventory levels reaching very high for some segments. As every business has a cycle, it is worthwhile to bring stocks on your watchlist when the business cycle is down.
Economic Times

European shares muted ahead of key economic data - 9 months ago
​ European shares were subdued early on Wednesday, ahead of key euro zone economic data and congressional testimony from U.S. Federal Reserve Chair Jerome Powell, while upbeat earnings offset losses on the index.
Economic Times

China securities regulator vows to protect small investors' interests - 9 months ago
​China's securities regulator vowed to protect small investors' interests and strengthen regulation in the market, Wu Qing, head of the country's securities watchdog said on Wednesday.
Economic Times

Seven-step guide for women investors in 2024 - 9 months ago
Navigating the intricate world of finance is made significantly smoother with the guidance of a seasoned financial mentor. These mentors act as trusted guides, providing personalized advice, helping you avoid common pitfalls, and tailoring strategies to your unique risk profile and goals.
Economic Times

Samvardhana Motherson shares fall 6% on promoter's 4.7% likely stake sale via block deal - 9 months ago
The deal triggered strong volume action in the stock with over 41.84 crore shares changing hands on the NSE around 10:50 am. The total traded value of the shares stood at Rs 5,071.24 crore.
Economic Times

Samvardhana Motherson, BHEL 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 Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times