7 Indian stocks that embrace Warren Buffett's value investing philosophy - 10 months ago
Based on the idea of the chairman and CEO of Berkshire Hathaway Warren Buffett, a custom screen made by MarketSmith emphasizes metrics looking for companies with long-term past and potential future growth. If you are one of those investors who follow the investment philosophy laid down by Warren Buffett, then a custom screen made by MarketSmith can prove to be useful. Investors must study the business as well as valuations in detail before making a call.Here are 7 Indian stocks that match Warren Buffett’s idea of value investing, as listed on MarketSmith:
Economic Times

Paytm dip buyers burn fingers as shares fall another 9% today - 10 months ago
Ever since the RBI ban was issued on January 31st evening, Paytm shares have so far tumbled 46%. Barring the two days of relief rally, which might have left many buy-the-dip investors trapped, the stock has been on a downhill trajectory with investor loss mounting up to Rs 22,000 crore.
Economic Times

Rs 40,000 cr blow! FPIs dumped stocks in 7 sectors January, but one bore the brunt of it - 10 months ago
A significant part of this selling within the financial services sector was in private banks, particularly HDFC Bank, which is highly concentrated by FPIs.
Economic Times

Sensex rises 140 points, Nifty above 21,760; LIC jumps 5%, Zomato 4% - 10 months ago
Blue-chip Nifty 50 and Sensex indexes dropped 1% each on Thursday after the Reserve Bank of India (RBI) kept its inflation forecast for fiscal 2025 above its target of 4%.
Economic Times

F&O Ban List: Biocon, PNB among 12 stocks under trade ban on Friday - 10 months ago
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Economic Times

SoftBank Vision Fund sold down Paytm stake before shares plunged - 10 months ago
SoftBank has been offloading Paytm shares regularly since at least November 2022 through last month, according to a Bloomberg analysis of company filings. The Japanese investor’s stake in Paytm was around 5% as of January, compared with a roughly 18.5% stake around the time of the payments company’s initial public offering in 2021.
Economic Times

New highs for Nikkei, Hong Kong limps to holiday break - 10 months ago
Japanese shares hit 34-year highs on Friday and strong earnings had the S&P 500 at record close, while oil prices were set for a sharp weekly rise on Israel's rejection of a ceasefire offer from Hamas.
Economic Times

As S&P 500 breaches 5,000, its valuation hits lofty levels as well - 10 months ago
As the S&P 500 continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well.
Economic Times

Japan's Nikkei leaps to 2-week high on tech stocks, yen boost - 10 months ago
Japan's Nikkei share average hit a more than two-week high on Thursday, as tech stocks followed their Wall Street peers higher and a weakening yen lifted overall sentiment.
Economic Times

Nissan shares slump as Q3 results highlight China worries, competition - 10 months ago
Shares in Nissan Motor slumped more than 11% in Tokyo trading on Friday after the company said the previous day it expected to sell fewer cars in the current financial year than it had previously and amid worries about its business in China.
Economic Times

S&P 500 ends just shy of 5,000 mark after touching milestone - 10 months ago
The benchmark S&P 500 index managed to eke out a small gain on Thursday after briefly hitting the 5,000-point milestone, as investors reacted to earnings reports, a roughly in-line jobs report and remarks from policymakers on interest rate cuts.
Economic Times

Sebi bars ten entities, market experts from securities market for indulging in fraudulent activities - 10 months ago
The regulator has asked guest experts to disgorge Rs 7.41 crore unlawful gains made by them by taking opposite positions in the market than they recommended on the channel.
Economic Times

Stock Radar I Time to buy? Canara Bank stock has been making higher lows for last 12 months: Shivangi Sarda - 10 months ago
“Canara Bank stock has been continuously making higher lows from the last 12 months and is trading in an upward-sloping channel with any small declines converted into buying. Traders can buy for a target of Rs 575 in the next 1-2 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.
Economic Times

RBI to tap NHAI, NPCI to fix rescue plan for Paytm users - 10 months ago
Amid the ongoing Paytm crisis, the Reserve Bank of India will meet with the National Highways Authority of India (NHAI) and the NPCI, among other stakeholders next week. NHAI operates the Fastag service and NPCI oversees the Unified Payment Interface ( UPI) infrastructure.
Economic Times

Rupee has been the most stable among EM markets: Guv Das - 10 months ago
India's external sector demonstrates resilience with higher net inflows of non-resident deposits and external commercial borrowings. Vulnerability indicators suggest the Indian Rupee's greater resilience, providing confidence in meeting external financing requirements.
Economic Times

RBI keeps rates unchanged for sixth time in a row - 10 months ago
Status quo maintained, but monetary stance considered irrelevant. Rates to remain unchanged. MPC interest rate decision voted 5 to 1. Financial markets volatile, with banking shares retreating. Experts believe rate easing odds have lengthened.
Economic Times

RBI to further strengthen security features of AePS to curb frauds - 10 months ago
The Reserve Bank of India announces plans to bolster security measures for the Aadhaar-enabled payment system (AePS) to combat fraud risks. Current concerns revolve around the lack of two-factor authentication, posing vulnerabilities, especially for older users. The move aims to introduce additional fraud prevention mechanisms, potentially including timed OTP authentication. Strengthening AePS security is vital for fostering financial inclusivity, particularly in rural areas where digital literacy may be lower.
Economic Times

RBI pegs GDP growth at 7% in FY25 amid corporate investments - 10 months ago
The Reserve Bank of India (RBI) projects India's economy to grow by 7% in FY25, maintaining its world-leading pace for a second consecutive year. Governor Shaktikanta Das highlights ongoing momentum in economic activity, with real GDP expected to climb 7.3% in FY24. Despite optimism, concerns over food price shocks prompt RBI to sustain its policy of withdrawing accommodation, with inflation projected at 5.4% for FY24 and 4.5% for FY25. The bank also revises quarterly GDP projections upwards, signaling continued growth across sectors.
Economic Times

RBI Governor Shaktikanta Das' message to Fintechs: Rules key, not your business - 10 months ago
When Yes Bank was in trouble, the RBI rejected the offer from distressed funds manager JC Flowers and instead arranged a merger with a group of local banks. This demonstrates the RBI's focus on finding the most suitable solution for the financial sector.
Economic Times

Stocks in news: Hero MotoCorp, Honasa Consumer, LIC, Zomato, Tata Power - 10 months ago
Shares of Hero MotoCorp, Honasa Consumer, IRFC and Tata Power will be in focus as the companies will report their third quarter earnings today.
Economic Times

Stock indices drop on concerns over tighter liquidity - 10 months ago
Large private banks led the sell-off, while public sector lenders and information technology stocks bucked the weak trend. NSE's Nifty fell 212.5 points, or 0.97%, to close at 21,717.9. The BSE Sensex declined 723.5 points, or 1%, to end at 71,428.4.
Economic Times

RBI's nimble and flexible in managing liquidity: Guv - 10 months ago
Since April 2022, the RBI has adopted a stance of focusing on withdrawal of accommodation to tackle inflation. Liquidity in the banking system has been at a deficit over the past six months, with the weighted average call rate (WACR) broadly remaining 20-25 basis points above the repo rate from August to January. The WACR is the operating target of the RBI's monetary policy.
Economic Times

Repo rate hold also aimed at improving transmission: Experts - 10 months ago
We expect that while liquidity deficits could improve over the coming weeks with a likely rise in government spending, the rise in currency in circulation ahead of the general elections and seasonal factors (tax outflows etc.) could broadly keep liquidity conditions tight over the coming month
Economic Times

Sebi mulls framework for FPIs to sell securities - 10 months ago
Further, there are no regulatory prescriptions for dealing with securities that remain in the demat accounts of FPIs, post expiry of registration and for securities written- off by FPIs.
Economic Times

Stock Radar: Canara Bank rose 80% in 1 year! Should you book profits? - 10 months ago
Canara Bank rose more than 16% in a week and over 40% in the last 3 months. The momentum pushed it to hit a fresh multi-year high of Rs 567 on 8 February. The level was last seen around May 2011. The level of 550-570 acted as a stiff resistance back in February 2012 and January 2013.
Economic Times

S&P 500 hovers near 5,000-mark with earnings, jobs data in focus - 10 months ago
Walt Disney gained 11.9% after the media giant hit back at activist investors with a market-beating profit, a gaming investment and plans to launch an ESPN streaming service in 2025. The company also announced a $3 billion share repurchase plan and a 50% increase in dividend.
Economic Times

AstraZeneca targets 2024 growth but mixed views hit shares - 10 months ago
In almost a decade since AstraZeneca fended off a takeover by U.S. rival Pfizer, CEO Pascal Soriot has rebuilt the Anglo-Swedish drugmaker's pipeline, which includes 13 blockbuster medicines, meaning those that generate more than $1 billion in annual sales.
Economic Times

Grasim starts trial run for paints business, on track to launch by March - 10 months ago
The Aditya Birla group company announced its foray into this business in 2021 with an investment of Rs 10,000 crore, and intends to be the second largest player in the country over the next few years. It will be launching operations with a capacity to produce 1.33 million litres at its six manufacturing units across the country.
Economic Times

Sebi slaps Rs 7.4-crore fine on 5 Zee Business guest experts, 10 others - 10 months ago
The fine was slapped for unlawful trades done by some of them based on the recommendations given by the experts when they appeared on Zee Business news channel between February and December 2022.
Economic Times

Sebi may grant flexibility to FPIs to sell securities post-expiry of registration - 10 months ago
Current FPI rules do not provide for regularisation of FPI registration or liquidation of securities post expiry of their registration and the securities held by such FPI remain frozen in their demat accounts.
Economic Times

Sanghi gets shareholders' nod for related-party transactions - 10 months ago
Of the public institutions that voted, a little over 93% were in favour of the transactions related to ACC and Ambuja Cements. Voting in non-institutional public shareholders showed nearly 86% in favour of the transaction.
Economic Times

​Market Trading Guide: HAL, CDSL among 6 stock recommendations for Friday - 10 months ago
Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI's monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 724 points to settle at 71,428. The Nifty shed 212.55 points or 0.97% to settle at 21,718.Rate-sensitive banking and financial services, auto, realty and commodity shares remained under pressure while energy and IT shares advanced."The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 3 stock recommendations for Friday:
Economic Times

NYCB gets third credit downgrade as CRE exposure worries spill to Europe - 10 months ago
​New York Community Bancorp faced its third credit-rating cut on Thursday as defaults worries from exposure to the beleaguered U.S. commercial real estate (CRE) took its toll on lenders in Europe and Asia.
Economic Times

Warburg Pincus sells 8.4% stake in Kalyan Jewellers; promoters offload 1.6% in Mankind Pharma - 10 months ago
Warburg Pincus, through its affiliate Highdell Investment, cumulatively sold 8,67,29,971 shares at an average price of Rs 338 a share, bulk deals data on BSE and NSE showed.
Economic Times

US stocks open flat with earnings, economic data in focus - 10 months ago
The Dow Jones Industrial Average rose 42.09 points, or 0.1%, at the open to 38,719.45.
Economic Times

Market Trading Guide: HAL, CDSL among 3 stock recommendations for Friday - 10 months ago
Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI's monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 724 points to settle at 71,428. The Nifty shed 212.55 points or 0.97% to settle at 21,718.Rate-sensitive banking and financial services, auto, realty and commodity shares remained under pressure while energy and IT shares advanced."The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 3 stock recommendations for Friday:
Economic Times

Should IPO investors book profit in LIC shares after record surge? - 10 months ago
It was termed the elephant that can’t dance back in 2022 in stock-market circles. Yes, we are talking about Life Insurance Corporation of India or LIC. The stock has pleasantly surprised D-Street investors in the last few weeks. After a long wait, the PSU stock crossed its listing price and also scaled a lifetime record peak of Rs 1,050.50.
Economic Times

Sebi mulls framework for FPIs to dispose securities post-expiry of registration - 10 months ago
To facilitate ease of doing business for Foreign Portfolio Investors, markets regulator Sebi has proposed allowing such investors to dispose of securities lying in their demat accounts after the expiry of their registration.
Economic Times

ITC's largest shareholder BAT is working towards monetising stake - 10 months ago
BAT chief executive Tadeu Marroco said in its preliminary earnings release for 2023 that the company continues “to pursue all opportunities to enhance balance sheet flexibility” and as part of this regularly reviews its stake in ITC.
Economic Times

Tech View: Nifty forms long red candle on daily chart. What traders should do on Friday - 10 months ago
The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.
Economic Times

Hero MotoCorp, Coforge among 5 stocks with top short covering - 10 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 Thursday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

M&M, RBL Bank among 5 stocks with top long-unwinding - 10 months ago
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profits 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:
Economic Times

Modi Ki Guarantee: Rs 24 Lakh Cr profit on PSU stocks, 22 turn multibaggers after PM’s speech - 10 months ago
In August 2023, PM Modi urged investors to invest in Indian PSU stocks by saying, "Daav Laga Dijiye". Since then, the stocks of 22 PSU have turned out to be multibaggers, resulting in a total market value rise of 66% to Rs 59.5 lakh crore for the 56-pack BSE PSU. Investors have earned a profit of Rs 23.7 lakh crore. Watch!
Economic Times

British American Tobacco signals ITC stake disposal, shares soar 7% - 10 months ago
British American Tobacco is actively working to sell some of its shareholding in India's ITC, signaling a move towards resuming share buybacks. The company disappointed investors last year by not initiating a buyback program, but now aims to reduce debt and invest in new products by selling its stake in ITC.
Economic Times

Banking shares fall up to 3% on liquidity concerns, RBI MPC's unchanged stance - 10 months ago
Banking stocks fell despite the Monetary Policy Committee (MPC) assuaging Street's concerns that it will be facilitating liquidity in the system through different liquidity management tools at its disposal.
Economic Times

Zomato sitting on Rs 12,000 crore cash pile but no buyback or dividend till FY25 - 10 months ago
This was the third consecutive quarter of increase in Zomato's cash balance as well as quarterly profit. In Q3, its PAT rose nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore to beat Street expectations by a wide margin.
Economic Times

Bears Regroup: Private banks pull Sensex 724 points lower as RBI holds rates steady - 10 months ago
The Reserve Bank of India on Thursday left the repo rate unchanged at 6.50% following the conclusion of its three-day monetary policy meeting. This is the sixth consecutive time the central bank has left policy rates untouched and the longest pause in rates since 2008 in a rising interest rate environment.
Economic Times

Sensex falls 900 points after RBI announcement. How did Shaktikanta Das spook the market? - 10 months ago
While maintaining its withdrawal of accommodation stance, RBI Governor Shaktikanta Das also highlighted that the inflation rate was persistently high above the RBI’s comfort range of 4%. On D-Street, while the Nifty PSU Bank index was trading about 3% higher led by SBI, Nifty Bank and Nifty Auto fell about 1% each. Kotak Mahindra Bank, ICICI Bank, and Axis Bank led the downside with a dip of 2% each. Among auto stocks, Eicher Motors, Maruti Suzuki, and Sona Comstar fell 2% each.
Economic Times

Sensex falls over 850 points after RBI announcement. How did Shaktikanta Das spook the market? - 10 months ago
While maintaining its withdrawal of accommodation stance, RBI Governor Shaktikanta Das also highlighted that the inflation rate was persistently high above the RBI’s comfort range of 4%. On D-Street, while the Nifty PSU Bank index was trading about 3% higher led by SBI, Nifty Bank and Nifty Auto fell about 1% each. Kotak Mahindra Bank, ICICI Bank, and Axis Bank led the downside with a dip of 2% each. Among auto stocks, Eicher Motors, Maruti Suzuki, and Sona Comstar fell 2% each.
Economic Times

Yes Bank, Oil India among 6 midcap stocks that outperformed Nifty50 - 10 months ago
Benchmark equity indices declined on Thursday, dragged by rate-sensitive sectors, following the Reserve Bank of India's (RBI) decision to keep its key interest rate unchanged for a sixth consecutive meeting, in line with expectations. As per data available on StockEdge, several midcap stocks from the Nifty200 index outperformed the benchmark Nifty50 index on a 1-week and 3-month basis as of February 7. Here's a list:
Economic Times