The Securities and Exchange Board of India has decided on a new system that will be in addition to the existing one with respect to OFS for companies' employees. Under the new system, OFS to employees would be on T+1 day along with the retail category under a new category 'Employee'. According to Sebi, for employee OFS, a certain number of shares should be reserved for the staff and the same should be mentioned in the OFS notice to the stock exchanges by the promoters.

On the technical charts, Nifty formed a huge bearish engulfing candlestick. It broke the crucial support of 21,300 with a head and shoulder pattern. Now the next support lies at 21,000 coinciding with the 50-day moving average (DMA), says Sheersham Gupta, director and senior technical analyst at Rupeezy

Alibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the New York Times reported on Tuesday, sending the company's U.S.-listed shares up around 7%.

Several overseas institutional investors have pruned exposure from Hong Kong H shares and reallocated to other Asian countries given a rising relative risk of China owing to the trade spat with the US, Taiwan conflict, and moderating local economy.

While Goldman Sachs has invested about Rs 72 crore for 15 lakh shares, Nomura India Stock Mother Fund has picked up 5 lakh shares for about Rs 23 crore through bulk deals.

The Dow Jones Industrial Average fell 42.02 points, or 0.11%, at the open to 37,959.79.

Abu Dhabi is considering announcing investment pledges worth as much as $50 billion for India, Bloomberg News has reported, with deals under discussion including stakes in key Indian infrastructure projects and state-owned assets. China has also emerged as an increasingly attractive jurisdiction, though the UAE’s deal-making there has drawn scrutiny from US officials.

Nasdaq-listed MakeMyTrip reported gross bookings of $ 2088.3 million in its results for the quarter ended December 31, up 22% year on year. The company reported a profit of $24.2 million for the quarter under review, up from $0.2 million in quarter three of fiscal year 2023 .

Sectorally, selling was seen in realty, public sector, metal, oil & gas, and energy space while some buying was seen in healthcare. Sharp selloff was also seen in the small & midcap spaces, which plunged nearly 3% each.

The stock of ICICI Bank hit a record high on Tuesday notwithstanding the weakness in the broader market following the bank’s stellar performance in the December quarter.

China's plunging stock market is leading to losses on billions of dollars worth of derivatives linked to the country's equity indexes, fuelling further selling as retail investors offload their positions.

Nifty's short-term trend is down and more weakness in the short term is expected. The next important support zone to be watched is around 20,950-20,850 levels, which are coinciding with supports of the previous up gap of Dec 14, swing low of Dec 21, and also 38.2% Fibonacci retracement of Oct 23 bottom to Jan 24 top

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

Shares of Zee Entertainment crashed 33% to a 52-week low of Rs 152.5 on BSE on Tuesday, recording the worst single-day fall in history after brokerages downgraded the media stock following a painful end to an overstretched drama surrounding the $10-billion merger with Sony. Zee Entertainment Enterprises CEO & MD Punit Goenka and the promoter family can continue to call the shots with a tiny equity stake.

TPG Growth-backed SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, raised Rs 1,328 crore from existing investors along with few other new investors.

Brokerage firm Incred Equities in its latest report listed its sector-wise expectations from Budget 2024. Take a look:

Here's a look at the five sectors that witnessed the highest selling from foreign institutional investors in the first half of January. (Source: ET Bureau)

ETMarkets spoke to Siddhartha Bhaiya, Managing Director and CIO of Aequitas Investments on the performance of the AIF & PMS schemes in the year 2023. Siddhartha started with an AUM of Rs 10 Cr in 2013, and 10 years later in 2023, the AUM stands tall at Rs 4,700 Cr and growing. Rs 1 cr invested in the fund has now grown to Rs 25 cr, compounded at a CAGR of 35% in 11-year period which are net returns to the clients.

Zee saw massive selling pressure after the brokerages downgraded the media stock following a painful end to an overstretched drama surrounding the $10 billion merger with Sony.

Just after India beat Hong Kong to become the world's fourth largest stock market, the Sensex fell over 1,000 points to end at 70,371, while the Nifty also cracked 1.5% to end below the 21,250 mark. The sell-off was deeper in the broader market with mid and smallcap indices slipping around 3%. Defying positive momentum seen in global markets, banks, oil and gas stocks, FMCG and metals led the downside, while buying was seen in pharma stocks. RIL and HDFC Bank alone contributed to about half of the loss in Nifty.

Just after India beat Hong Kong to become the world's fourth largest stock market, the Sensex fell over 1,000 points to end at 70,371, while the Nifty also cracked 1.5% to end below the 21,250 mark. The sell-off was deeper in the broader market with mid and smallcap indices slipping around 3%. In the process, Dalal Street investors lost about Rs 8 lakh crore as the market capitalisation of all BSE-listed stocks fell to Rs 366.3 lakh crore.

After India became the world's fourth largest stock market, Dalal Street experienced a sell-off with the Sensex falling over 1,000 points and the Nifty cracking over 1%. The broader market also saw a decline, particularly in mid and smallcap indices. This resulted in investors losing about Rs 8 lakh crore in market capitalisation of all BSE-listed stocks. Despite positive momentum in global markets, banks, oil and gas stocks, FMCG, and metals experienced a downside, while pharma and IT sectors saw buying activity.

The expected inflows are to the tune of $591 million with PNB accounting for the lion’s share at $154 million followed by BHEL ($152 million), NMDC ($145 million) and Union Bank ($140 million), the Nuvama report said.

European equities opened flat on Tuesday after losses in healthcare stocks partially offset a jump in miners, while focus remained on the European Central Bank's policy meeting due later this week for signals on the interest rate trajectory.

Sensex fell over 800 points, giving up the 71,000 level, while Nifty cracked 1% below the 21,400 mark. led by the fall in heavyweights HDFC Bank and Reliance. Both mid and smallcap indices slipped 1.5-2%. Dalal Street investors lost Rs 5 lakh crore as the market capitalisation of all BSE-listed stocks fell to Rs 369.5 lakh crore.

Indian benchmark equity indices pared early gains on Tuesday, as heavyweight financials, led by HDFC Bank, declined and Zee Entertainment slumped after Japan's Sony Group terminated a $10 billion merger plan. However, in today's trade, six Nifty50 index stocks touch new 52-week highs. Here's a list:

After almost two decades of being ignored by the street, in the last three years hotel and hospitality related stocks have been once again in focus of the street. Travel tourism and airlines, everything related to the hospitality sector suffered the maximum damage due to Covid-19. But as they say, tough times bring the best out of some. Some hotel companies used the Covid crisis to put their house in order. While they have seen a run up in the last two years and that is why if one looks at overall estimates, analysts seem to be cautious. However there are enough hotel assets, which are ready to be taken over under the asset light model, companies which are able to use them without compromising the brand value are likely to be the one which will emerge as a long term winner and probably that would lead to a change in the analyst estimates.

Sensex fell over 800 points, giving up the 71,000 level, while Nifty cracked 1% below the 21,400 mark. led by the fall in heavyweights HDFC Bank and Reliance. Both mid and smallcap indices slipped 1.5-2%. Dalal Street investors lost Rs 5 lakh crore as the market capitalisation of all BSE-listed stocks fell to Rs 369.5 lakh crore.

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

Nifty IT index is probably among very few sectoral indices which are still below the high they had touched in October 2021. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be too early to say as short term performance could be many reasons, but the way stocks have reacted to bad news and see sharp upward movement with slightly positive news, it might be worth bringing them back on watch list and shed the bias of looking at all IT stocks with a coloured lens. 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.

The markets consolidated in a defined range before ending the day with a minor loss.

Its profit after tax stood at Rs 360.15 crore in Q3 FY24 as against Rs 702.57 crore it registered in the corresponding quarter of the previous fiscal.

With today’s drop, IRFC’s m-cap has slipped to 2.10 lakh crore, which is still above the market cap of M&M and Bajaj Auto. On Friday, a 10% rally helped the stock cross the Rs 2 lakh crore m-cap mark, making it more valuable than 21 Nifty stocks.

The upcoming interim budget and dim markets may impact the stocks related to defence, automobile, packaging, and insurance. Nifty's performance has breached past three week's low, indicating a potential stop on its bull run. The futures and options data in the Nifty derivative segment show some support at the current levels.

After the Ram temple ceremony in Ayodhya, Prime Minister Narendra Modi announced a scheme to install rooftop solar systems in 1 crore homes.

Groww, the No.1 stock broker in India, faced a technical glitch on its trading app but resolved it later. Users were unable to log in and demanded compensation. Zerodha, the previous market leader, has also faced technical glitches in the past. Groww has 76 million active clients, surpassing Zerodha's client base. The total number of demat accounts increased to 139 million last month.

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

Bank of India Ltd, part of the PSU banking space, rallied nearly 40% to hit a fresh 52-week high last week. Short-term traders can look to buy the stock for a target of Rs 199 in the next 3 months. The stock has been making higher highs and higher lows for the past 4 weeks. It has broken out of a rounding bottom pattern on the monthly charts and breached the downward-sloping trendline resistance on the daily charts. The stock is now trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.

At a total market capitalisation of nearly $51 trillion, the US market is so big that just two of its stocks - Apple ($3 trillion) and Microsoft ($2.95 trillion) - are enough to eclipse the size of all the 5,000-plus stocks listed in India.

The Reserve Bank of India’s tight monetary stance over the past two years has seen the benchmark repo rate inch up from 4% in 2021 to 6.5% in 2023. The last time such rates prevailed was over five years ago in 2018.

Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony. CLSA downgraded Zee to sell and mentioned the reported merger of Reliance and Disney Star as a competition. Nuvama and Elara also downgraded the stock, reducing the target price. Motilal Oswal downgraded Zee to neutral. Zee's near-term valuation is expected to stay suppressed due to uncertainties around its new strategy, litigation with Sony, and competition from digital media.

Following mixed December quarter earnings and not so optimistic brokerage view, shares of IDFC First Bank fell over 5% to the day's low of Rs 82.80 on the NSE on Tuesday. While BofA recommended an underperform rating on the stock, domestic brokerages Motilal Oswal and Nuvama held 'Neutral' and 'Hold' views respectively.

Persistent Systems share price jumped 10% to hit a new 52-week high at Rs 8,716 in Tuesday's trade on BSE after the firm reported a 20.2% growth in net profit to Rs 286.1 crore year-on-year (YoY) for the December quarter, driven by a strong order book in Q3 FY24.

Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony. CLSA downgraded Zee to sell and mentioned the reported merger of Reliance and Disney Star as a competition. Nuvama and Elara also downgraded the stock, reducing the target price. Motilal Oswal downgraded Zee to neutral. Zee's near-term valuation is expected to stay suppressed due to uncertainties around its new strategy, litigation with Sony, and competition from digital media.

Nifty, which had formed a bearish engulfing pattern on the weekly as well as on daily charts, opened Tuesday’s trading session on a strong note with the index scaling above the 21,700 level.

She bought 758,303 shares in JKumar Infraprojects which translates into 1% stake in the company. Meanwhile, in Ujjivan Financial Services her holding at the end of December quarter stood at 1.13% and in Zuari it was at 1.23%.

New-age consumer technology stocks continue to attract investors on Dalal Street. Mutual funds and foreign institutional investors have increased stakes in five out of the six listed companies in the December quarter. Zomato is the top-performing stock, with a staggering 154% returns in FY24. Paytm, PB Fintech, and Nykaa have also seen an increase in investor interest. Ant Group has exited Zomato, while One97 Communications and Delhivery have trimmed down their losses. Analysts remain positive on Paytm and PB Fintech, but less bullish on Nykaa due to competition in its segments.

ICICI Bank shares jumped 5% and hit their 52-week high of Rs 1,059.40 on the NSE on Tuesday after the second-largest private lender reported December quarter earnings which were better than Street's estimates. Top brokerages including Jefferies, Kotak Institutional Equities and Nuvama retained their buy rating on the stocks. ICICI Bank on Saturday reported a 23.6% year-on-year (YoY) growth in its profit after tax to Rs 10,272 crore for the quarter ended December 2023.

Medi Assist Healthcare, the first insurance third-party administrator (TPA) in India to list on the exchanges, saw its shares debut at a 11.2% premium. The stock listed at Rs 465 on BSE and Rs 460 on NSE, compared to an issue price of Rs 418. The company's IPO, which was subscribed 16 times, provided investors with an opportunity to invest in a leading TPA health-tech and insurance-tech company.

Arvind Fashions, which runs brands like USPA, Arrow, Tommy Hilfiger TH, Calvin Klein, and Flying Machine, has focused on rationalisation of portfolio and exited multiple loss-making brands, besides raising capital to strengthen its balance sheet over the last three years. This, along with a foray into adjacent categories are set to help the company grow at a healthy rate, says Sandeep Raina of Nuvama Professional Clients Group.