Walmart implemented a three-for-one stock split last Friday meaning the investors would now hold three shares of the US retail giant instead of one.

The telecom operator will conduct an extraordinary general meeting with shareholders on April 2 and seek approval for the proposed fundraising. If shareholders approve, the company expects to complete the equity fund raise in the coming quarter.

The near-term uptrend status of Nifty remains positive and bullish chart patterns like higher tops and bottoms are also intact. At the same time, the market is not gaining strength to witness an upside breakout of 22,200-22,300 levels decisively.

The shares of Juniper Hotels will debut at the bourses on Wednesday. Ahead of the listing, the company's shares have been trading with a premium of Rs 0 in the unlisted market.

As of date, CaratLane is a subsidiary of Titan wherein it holds a 99.64% stake. The completion of the aforesaid share purchase would result in CaratLane becoming a wholly-owned subsidiary of the company.

Zydus Lifesciences on Tuesday said its offer to buy back 59.7 lakh shares at Rs 1,005 apiece, aggregating to Rs 600 crore, will open on February 29. The share repurchase programme will close on March 6, 2024, the drug firm said in a regulatory filing.

The top gainers were Tata Motors, Tata Consultancy Services (TCS), Power Grid, IndusInd Bank and Sun Pharmaceuticals while the top losers were Hero MotoCorp, Bajaj Finance, State Bank of India (SBI), Bajaj Finserv and Divi's Laboratories.

In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. Recently, there was a tweak in how much sugar cane juice can go for ethanol production and now a rise in fair remunerative price (FRP) which companies have to pay to farmers. In different states, it is called by different names, like state advised price or minimum support price also, however the reaction of the street was that all the sugar stocks tumbled. The fact is that in some states this price which sugar mills pay was hiked months back and that does not mean any negative impact. So, it has to be case by case rather than broad brush.

Small and mid-sized funds have seen high inflows, causing concern among authorities about how they would hold up in the event of a sharp market selloff. The Securities & Exchange Board of India (SEBI) has also been reviewing stress tests conducted by such funds, sources have previously said.

In the last two months of the market, while the midcaps have done well, though the pace at which the outperformance was taking place has slowed down. So, there is a profit booking taking place in different parts and sectors. Part of this profit booking is due to the fact the valuations are high and probability that it would continue. At this point of time one should also focus on reducing risk.In reducing market risks, investors should integrate both quantitative and qualitative criteria to assess stocks, aligning expectations with realistic market performances and avoiding impulsive shifts based on short-term fluctuations. This involves a disciplined approach to examining fundamentals, particularly focusing on crucial financial ratios such as Return on Equity (ROE) and Return on Capital Employed (ROCE). These measures help in evaluating a company's efficiency and profitability, guiding investors away from making hasty decisions which are mostly done in a bullish market.

"In India we took our shareholding down to 51%. We believe in India for the long term, but if we have a business which is trading at 50 times multiple and your own company (parent entity) trades at a lot lower, it is basic arbitrage," Bitzer told CNBC on Monday.

The telecom operator did not disclose the amount it plans to raise, but it could be in one or more tranches through equity instruments, including rights issue, preferential issue of shares, qualified institutional placement of shares.

The price action was amid significant volumes as over 1.14 crore shares changed hands on the NSE in morning trade. The traded value of the shares stood at Rs 184.58 crore. The details of buyers and sellers were not known at the time of filing the story.

Taking cues from the international prices, MCX April gold futures were trading at Rs 62,232 per 10 grams, up Rs 83 or 0.13% while the March Silver contracts were trading at Rs 69,340 per kg, higher by Rs 90 or 0.13%.

The news triggered strong buying action in the counter with 5.75 crore shareschanging hands on the NSE around 10.45 am with the traded value of the shares standing at Rs 292.89 crore around this time.

Short-term traders can look to buy the stock now for a target of Rs 590 in the next 3 months, suggest experts.

The Nifty formed its day’s low point in the middle of the session but closed with a net loss.

December quarter earnings showed flat sequential growth trends for QSRs as dine-in footfalls remained lower and demand dipped further Diwali, which could be due to low disposable incomes (indebtedness/inflation), and shift of wallet spends to other categories like travel.

"Finally, the ego has been let loose for a bigger goal. Vijay has taken the right move from a broader perspective. The new management will give a better image of the payments bank," said market veteran Sanjiv Bhasin. After two days of 5% upper circuits, the stock was trading just 1% higher in early trade.

The Nifty breadth remained slightly in favour of bulls with 25 stocks trading in the green, 23 in the red while two remained unchanged. The top gainers were UltraTech Cement, HCL Technologies, Grasim Industries, Tata Consultancy Services (TCS) and Eicher Motors while the top Nifty losers were ONGC, Axis Bank, Power Grid, BPCL and Bharti Airtel.​

About 33 multibagger stocks of 2023 have further rallied and given double-digit returns of up to 98% in just the first two months of the current year.

IIFL downgraded Sanofi India to Reduce from ADD earlier with a target price of Rs 8,125. The stock continues to underperform domestic market growth. New launches remain limited and muted volume growth is seen in the top 3 therapies.

Deem Roll Tech shares debut with a 55% premium on the NSE SME platform. The IPO receives strong response from investors. The net proceeds will be used for the expansion of manufacturing unit in the iron and steel rolling mill industry. The Indian steel industry offers good potential for roll manufacturers.

The company witnessed multiple challenges related to macroeconomic factors during and after COVID-19, high attrition at European manufacturing sites, dismal biotech funding, and cost escalation, which left most of the CDMO assets underutilized during FY22-23.

Piramal Pharma has a diversified business encompassing contract development and manufacturing business (CDMO), complex hospital generics (CHG), and India consumer healthcare (ICH). The CDMO business is grossly undervalued considering its potential in niche markets. The innovation-based products now constitute around 45% of CDMO revenue and the same is likely to increase to 50% in the next three years, which will significantly change the margin profile of the company, says Sandeep Raina of Nuvama Professional Clients Group.

Zenith Drugs, which was entirely a fresh equity issue of 51.48 lakh shares, received a healthy response from investors. The issue was subscribed 179 times, driven by strong interest across categories. The net proceeds will be used for the purchase of machinery and setting up a new plant, existing manufacturing block upgradation, working capital requirements, and general corporate purposes.

The investment conglomerate had warned on Saturday that the parent of PacifiCorp and one of Berkshire's biggest businesses outside insurance, Berkshire Hathaway Energy, was under pressure.

"The jobs report is another week away so eyes are kind of turning Thursday to PCE price index rather than anything else. There is a lot more data this week than last week but it's still not the biggest of the data."

The Federal Reserve's favoured measure of inflation - the core personal consumption expenditures (PCE) price index - is due on Thursday and forecasts are for a rise of 0.4%.

“We are seeing selective participation within the financials pack and AB Capital has been inching gradually higher after retesting a strong support zone around 155 level. Traders can buy for a target of Rs 210,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

Subhash Chandra challenges Sebi's ban at SAT, Sebi claims Chandra is not cooperating, Chandra's counsel argues SAT's judgement applies, Sebi passed confirmatory order on August 14, 2023, Goenka secured a stay order.

Sebi said that it received several complaints about fraudulent trading platforms that claimed affiliation with FPIs and offered trading opportunities through foreign investors' accounts with special privileges.

Vijay Shekhar Sharma will be stepping down as part-time non-executive chairman and board member at Paytm Payments Bank as part of a board restructuring.

"Birla Opus is the latest new entrant in the decorative paints market, promising an incremental 40% addition to industry capacity, with aggressive sales and dealer acquisition targets," said CLSA's analysts Aditya Soman and Vatsal Dujari in a client note. "...we believe near term its growth and margins will not be immune to this competitive pressure although it may maintain its long-term market position."

"Dad passing away, poor sleep, exhaustion, dehydration, and overworking out - any of these could be possible reasons," he said, attributing these factors to his medical condition.

More banks, contrary to expectations, are busy building brick-and-mortar presence across the country for access to something that has defined banking since it began: Deposits.

Among the proposals currently being discussed was the establishment of a single 'settlement bank' in GIFT City, with which other entities would have dollar balances. Subsequently, debits and credits would be conducted through the settlement bank, sources said.

Managing director Jayant Mhaiskar said the company will issue shares to Nagpur-based Ashmi Road Carriers (ARCPL) after approval from shareholders. "We have done our checks with regard to PPIRP and we qualify for the same. Separately, we are also talking to banks to restructure our loans in our operating company, MEP Infrastructure Private Limited (MIPL) by infusing ₹125 crore," he said.

Aditya Birla Capital, part of the financial services space, could surpass 200 levels and reach a fresh 52-week high if the momentum sustains. Short-term traders can accumulate the stock for a bounce back towards 200 levels in the next 1-2 months, as the stock is trading well above most of the crucial short- and long-term moving averages.

​Warren Buffett-led Berkshire Hathaway crept closer to a $1 trillion market value on Monday, a milestone that would put it among a rarefied list of American businesses, after it posted its second straight record annual profit.

The S&P 500 opened higher by 4.20 points, or 0.08%, at 5,093.00, while the Nasdaq Composite gained 17.63 points, or 0.11%, to 16,014.45 at the opening bell.

​“The MoU was formalised on February 26, 2024, at the MCX headquarters in Mumbai. P. S. Reddy, MD & CEO, MCX and Stephanus Paulus Lumintang, President Director, JFX signed the agreement in the presence of senior colleagues from both the organizations,” said MCX.

​The Supreme Court on Monday asked Chitra Ramkrishna, the former managing director and chief executive officer of the National Stock Exchange of India, to deposit half of the Rs 25 lakh penalty amount that was confirmed by the Securities Appellate Tribunal in the dark fibre and leased line connectivity case.

Bandhan Financial Holdings, the promoter of Bandhan Bank, has completed the acquisition of Aegon Life, a digital life insurance company.

The S&P 500 opened higher by 4.20 points, or 0.08%, at 5,093.00, while the Nasdaq Composite gained 17.63 points, or 0.11%, to 16,014.45 at the opening bell.

Closing in the red for the second straight session, benchmark indices declined on Monday due to profit booking and weak global trends. The 30-share Sensex closed 352 points down at 72,790 and the broader Nifty dropped 90 points to end the day at 22,122."Nifty might remain sideways during the next few days. The range is likely to stay between 22,000 and 22,200. Any breakout on either side might confirm the future directional trend," said Rupak De of LKP SecuritiesHere are 6 stock recommendations for Friday:

The Small Industries Development Bank of India (Sidbi) is working on revamping the India Microfinance Equity Fund (IMEF), which failed to take off after being reintroduced by the development bank in November 2022.

SBL Energy Limited, the mining/industrial explosives manufacturer in India, has raised Rs325 crore in growth capital from a clutch of marquee investors including Synergy Capital, India SME Investments and Mukul Mahavir Agrawal.

The Securities and Exchange Board of India has cautioned against fraudulent trading platforms, claiming to have affiliations with registered foreign portfolio investors and offering trading opportunities to resident Indians.

The move is aimed at improving liquidity in the bank’s shares and making it more affordable for retail investors along with broadening the retail investors' base.