Debt-ridden telecom operator on Friday announced that it will offer shares worth Rs 18,000 crore in its further public offering (FPO) from April 18-22 at a price band of Rs 10-11 per share. Following the announcement, Vodafone shares fell over 3% to day's low at Rs 12.51. The higher end of the price band i.e. Rs 11 is at a discount of 26% compared to the recently approved preferential issue price to the promoter entity at Rs 14.87 and a discount of 15% compared to the last closing price of Rs. 12.95.

Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.

Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.

Smallcap funds saw outflows in March for the first time in 31 months, suggesting a possibility of lump sum withdrawals by investors amidst Sebi and fund houses' efforts to curb inflows. Amid this backdrop, these stocks managed to lure investors and were among the top buys from smallcap space. (Data Inputs: Nuvama Wealth)

U.S.-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200-300 million in the follow-on public offering, said both people, who declined to be named as the plans are confidential.

Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.

HDFC Bank's stock reacts to MUFG's 20% stake purchase in HDB Financial Services at $9-10 billion valuation pre-IPO.

Zerodha Co-Founder Nikhil Kamath has alerted investors about not being part of any WhatsApp group that gives stock recommendations.

Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation. Market cautious on valuations, profit booking, and rising commodities prices. EPS growth likely to moderate in Q4 earnings season.

Indian shares dropped on Friday, tracking Asian peers, dragged by financials as hot US inflation data eroded hopes of early Federal Reserve rate cuts. However, in today's trading session, six stocks from the Nifty200 index reached new 52-week highs. Here's the list:

Kotak has identified 50 stocks in the BSE 500 index which have given returns between 92% and 21% in the current election cycle over the last three months. The highest returns have been delivered by Oracle Financial Services Software (92%), followed by EIH (77%) and Oil India (73%) while RITES (30%), Hitachi Energy (26%), and PNC Infratech (21%) at the bottom of the pyramid.

Indian indices dropped on U.S. inflation concerns. TCS to report Q4 results today. Sun Pharma, Asian Paints, Kotak Bank, NTPC, Maruti top laggards.

The listing pop was expected after it received an overwhelming response, as the issue was subscribed to a whopping almost 30 times. The qualified institutional investors (QIB) led the pack, subscribing 48.57 times their allocation.

If one looks at some sectors, despite being in existence for ages, most of the players are small or mid-sized players. For example sugar, there is hardly a largecap company in that sector. Similar is the case with textiles, it is mostly dominated by small or medium-sized players. There is a reason for it. In the case of textiles, right from having labour issues to smaller Asian countries becoming more competitive in terms of cost of production, and tariffs readjustment due to WTO norms different segments of the textile industry have faced more headwinds than tailwinds in their history of existence. But in the last two years, things have changed, though one can argue that the speed of change has been slower, but surely schemes like PLI and developments like China Plus One are showing impact on working. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk, and price momentum.

CAMS got an in-principle authorisation from RBI back in February 2023, the company said, adding that the certificate of authorisation bearing No 183/2024 was received on April 10, 2024 by the company.

Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.

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

The brokerage firm further believes that Blinkit in the long term will command premium profit multiples to Zomato’s own food delivery business as it is relatively more sticky and a play on retail commerce.

Axis Capital and Investec have downgraded InterGlobe Aviation. CLSA has retained a buy on PVR Inox.

The broker further added that BHL’s FY24-26/ FY24-30 EBITDA CAGR could be higher at 17%/15% due to its presence in high growth potential markets as Rajasthan/NE circle has a relatively lower teledensity and a relatively lower penetration of high ARPU post-paid and data subscribers.

Nifty opened higher and maintained its gains throughout the day. It closed with a net gain.

Global broking firm Goldman Sachs on Friday initiated coverage on Syngene International and Neuland Labs with buy ratings but gave a sell call on Laurus Labs.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

Bharti Hexacom shares listed at a 32.5% premium on BSE and NSE, after attracting strong interest from non-institutional investors. The IPO was solely an offer for sale by TCIL, with the company operating in Rajasthan and the North East telecommunication circles.

Sensex anticipates 1 lakh in 5 years, projected at 1.5 lakh by 2029. Market surge backed by diverse investors. Various stock upgrades and predictions indicate promising growth potential in the market.

HEG, a capital goods firm, surged over 30% post-March 2024, hitting a new multi-year high in April 2024. Experts foresee a potential rise to Rs 2500, stressing the importance of staying above the 1920 level for a bullish outlook.

Indian indices drop on U.S. inflation concerns. TCS to report. Sun Pharma, Asian Paints, Kotak Bank, NTPC, Maruti top laggards.

Vodafone Idea FPO: Telecom operator announces Rs 18,000 crore FPO with shares priced at Rs 10-11. Vodafone shares dip 3% to Rs 12.51. Vi likely to report 4.5 million subscriber loss. ARPU set to rise 1.1%.

Vodafone Idea's board approved a Rs 18,000 crore public offering. The FPO opens on April 18. The stock has seen one-year returns to the tune of 108%.

Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming U.S. reporting period, which could refuel optimism for stocks after a weak start to April.

Gold rose to a fresh all-time peak after a mild reading for producer price inflation kept alive hopes for Fed easing this year, though U.S. Treasury yields stuck close to five-month highs in the wake of hotter-than-expected consumer price data mid-week that forced a paring back of rate cut bets.

Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.

Rate futures markets now show investors see a first rate cut as most likely occurring at the Fed's Sept. 17-18 meeting after data showed inflation through the entire first quarter of 2024 was stiffer than expected and had demonstrably slowed progress on bringing it back to the Fed's 2% target.

Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.

Interest rate-sensitive megacaps gave the tech-heavy Nasdaq a decisive edge. The S&P 500 also closed in positive territory, while the Dow ended essentially unchanged.

“The stock price of L&T witnessed some pullback move in the last one week, but there were no volumes seen on price corrections. Traders can buy the stock for a target of Rs 4000-4100 in the next 3-4 weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible as High Quality Liquid Assets (HQLA) for the purpose of computing Liquidity Coverage Ratio (LCR), sources aware of the developments told ET.

While Vedanta has said that it aims to value the assets of its demerged entities by their book values, CreditSights believes that it is a relatively straightforward approach as book values are captured at a point in time, "carrying values could be outdated, and may not accurately reflect future profitability and cash flow generation of the business".

This fund will be used to repay the debt of Alchemist ARC. In the past, the company had faced various liquidity issues that resulted in defaults of its bank loans and subsequently debt was assigned in favour of an ARC.

The shares of Bharti Hexacom will debut on the exchanges on Friday. Based on the GMP trends, the stock is expected to see a healthy listing of around 12-15%.

This acquisition is in line with the infrastructure yield strategy to generate regular distributions for investors by acquiring quality operating infrastructure assets with strong cash flows and unlocking value through active asset management, the company said in a statement.

The stock of Reliance Industries (RIL) has gained 14% since the beginning of 2024, beating the 4% increase in the S&P BSE Sensex following signs of peaking capital expenditure and improving prospects across business verticals.

Foreign portfolio investors (FPI) sold shares worth ₹12,514 crore across 11 sectors in the March 16-31 period. Apart from FMCG, automobiles, financial services and consumer durables sectors saw heavy selling by foreign investors. The automobiles sector witnessed profit booking worth ₹2,085 crore between March 16 and 31, after inflows worth ₹3,697 crore in the first-half of the month.

Kotak's comments came after data released in the US on Wednesday showed that inflation there rose more than expected in March. Year-on-year inflation increased 3.5%, the highest increase in six months, and higher than a 3.2% rise reported in February. "US inflation is higher than expected. Postpones US rate cuts to later, closer to US Presidential elections, if at all. Brent oil now $90. Will keep rates higher for longer worldwide including India," Kotak said on X.

Using this week's cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month's earnings and a developer's conference in May.

The technology giant's shares have fallen 13% this year, badly trailing the broader market. The company is grappling with weak sales in China and a Justice Department suit accusing Apple of violating antitrust laws, taking aim at its lucrative services business. Shares edged higher on Thursday.

Larsen & Toubro surged to a new high in April 2024, with technical analysis suggesting a potential uptrend continuation. Traders can consider buying opportunities aiming for 4,000, supported by a Cup and Handle pattern.

The S&P 500 opened higher by 12.31 points, or 0.24%, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41%, to 16,236.20 at the opening bell.

ECB delays rate cut awaiting inflation control confirmation. Lagarde hints at future rate path. Market indexes fell on inflation concerns. June cut likely. Eurozone inflation down, guidance awaited from Lagarde.

Analysts projects are not bullish, they hardly expect any gains, but the hard fact, sometimes staying glued to excel sheet and earning projections makes one cautious more than it is required. Even the recent price moves are indicating that the street is getting ready to re-rate part of the auto sector, or rather has already done it. Whether it be large OEM or auto ancillary companies. Should one be ready to ignore the pessimism of analysts and move to take exposure for both a tactical trade and long term investment ?