Shareholders turn down Britannia's investment, loan & guarantee plan - 2 days ago
About 60% of the institutional investors also opposed company chairman Nusli Wadia's remuneration, which would exceed 50% of the total annual remuneration payable to all non-executive directors. However, this resolution was approved with the help of promoters and those institutional investors who voted in favour.
Economic Times

ECB's Nagel warns crisis-tool use can lead to 'dire straits' - 2 days ago
With the ECB's first rate hike approaching, investors are questioning whether surging borrowing costs could force weaker nations into a repeat of last decade's Europe's sovereign-debt crisis. After Italian bond yields soared to a multi-year high in June, officials pledged to develop a tool to stem turmoil.
Economic Times

Hotel stocks likely to stay buoyant as occupancy rates top pre-Covid level - 2 days ago
According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate touched 66% at the end of the June 2022 quarter. The occupancy was at 66.1% in 2019. Factors such as improvement in leisure travel, steady demand from corporate travel, and large events and conferences have contributed to the improvement in occupancy.
Economic Times

JPMorgan, Deutsche and MUFG's entry to give Gift City a big boost - 2 days ago
Narendra Modi is likely to formally launch the operations of JPMorgan Chase, Deutsche Bank and Japan's MUFG at the International Financial Services Centre (IFSC) on July 15
Economic Times

Will Nifty repeat history and bounce back in July after 3 months of declines? - 2 days ago
The benchmark Nifty ended June down 4.85% led by decline in metals, pharma and realty sectors and touched a low of 15,183 recently.Overseas investors remained persistent in their selling for the ninth straight month in June, logging the second- highest ever selling in a month under the pall of broader macro concerns.
Economic Times

Stock Radar: This IT major could see some bounce back after falling over 20% since Jan - 2 days ago
The stock made a near-term bottom above Rs 1,300 levels in June and staged a smart bounce back. But it is still trading below the crucial short-term moving average of 50-DMA and long-term moving average of 200-DMA on daily charts.
Economic Times

Stock Radar: Buy Infosys for a target of Rs 1530 in next 2-3 weeks, recommends Ruchit Jain - 2 days ago
"Short-term traders can look to buy Infosys around the current market price of Rs. 1480 for a potential target of around Rs. 1530 and Rs. 1560 in the short term. The stop loss on long positions should be placed below Rs. 1440," Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

Srei lenders to retain cash on books till companies get sold - 2 days ago
This is a variation from the past resolutions wherein the bidders were beneficiary of the earnings accrued during the corporate insolvency resolution process (CIRP), which in turn helped them reduce the acquisition cost, said a senior official from a consulting firm.
Economic Times

RBI approves merger of HDFC Bank with parent HDFC Corp - 2 days ago
“HDFC Bank has received a letter dated July 04, 2022 from the Reserve Bank of India whereby the RBI has accorded it’s ‘no objection’ for the Scheme, subject to certain conditions as mentioned therein,” the bank said in an exchange filing. Earlier HDFC Bank had stated that it has applied to the RBI seeking leeway to meet certain regulatory conditions.
Economic Times

IT sector Q1 preview: Margins to remain under pressure, focus on guidance - 3 days ago
The IT services universe should witness modest median revenue growth in 1QFY23E (up 3.3 per cent QoQ in CC terms and 14.3 per cent YoY). Growth in EBIT/PAT (-1 per cent/-2.8 per cent QoQ) should be impacted by wage hikes and supply-side pressure, despite a depreciation in the rupee against the dollar, said Motilal Oswal Financial Services.
Economic Times

Day Trading Guide: RIL among 6 stock recommendations for Tuesday - 3 days ago
The benchmark indices ended a 3-day losing streak, tracking gains in global equity markets and buying in index majors ICICI Bank and Hindustan Unilever. The 30-share BSE index gained 326.84 points or 0.62 per cent to settle at 53,234.77, and the NSE Nifty ended 83.30 points or 0.53 per cent higher to close at 15,835.35."After a choppy first half, the benchmark indices recovered sharply during the second half and closed the session with decent gains. For the coming trading session, the previous swing high of 15,925 would be a strong resistance and then after, there is a gap area. On the other hand, major support is still placed at 15,500, but for the coming session, 15,660 might act as decent support," said Mehul Kothari - AVP, Technical Research, Anand Rathi Shares & Stock Brokers.
Economic Times

Ahead of Market: 10 things that will decide D-St action on Tuesday - 3 days ago
“The market is now showing signs of witnessing a decisive upside breakout of the important resistance of 15,900 levels in the next 1-2 sessions. A sustainable upmove above 15,900-15,950 is expected to pull the Nifty towards the next resistance of 16,300 in the short term. Immediate support is placed at 15,750,” he said
Economic Times

Sebi penalises 3 individuals in Covidh Technologies case - 3 days ago
The regulator found that Yadav and Agarwal received 4.6 lakh shares and 4.2 lakh shares off-market at a discount and simultaneously disseminated SMSes recommending buying the scrip of Covidh.Alokam, the director and promoter of the company, received money from Yadav and also had off market transactions with Agarwal.
Economic Times

Sebi asks bourses, depositories to launch online complaint redressal system - 3 days ago
The new system is intended to expedite redressal or disposal of investors' complaints as it would also obviate the need for physical movement of complaints.Further, the possibility of loss, damage or misdirection of the physical complaints would be avoided. It would also facilitate easy retrieval and tracking of complaints at any time.
Economic Times

Why EMs like India may remain resilient when a US recession hits - 3 days ago
Stocks and bonds have been gripped by the sharpest slump since the 1990s, while currencies are suffering their worst losses on record, beating even the Covid rout of 2020. And Argentine assets are set for increased scrutiny following Saturday’s sudden resignation of Economy Minister Martin Guzman and the appointment of a leftist economist to replace him.
Economic Times

Bruised emerging markets are battle-ready for a US recession - 3 days ago
Stocks and bonds have been gripped by the sharpest slump since the 1990s, while currencies are suffering their worst losses on record, beating even the Covid rout of 2020. And Argentine assets are set for increased scrutiny following Saturday’s sudden resignation of Economy Minister Martin Guzman and the appointment of a leftist economist to replace him.
Economic Times

Tech View: Nifty50 stays in consolidation range; bias positive - 3 days ago
The short-term trend of Nifty50 continues to be positive with range movement, said Nagaraj Shetti of HDFC Securities. He said that the market is now showing signs of attempting a decisive upside breakout of important resistance of 15,900 in next one-two sessions.
Economic Times

Newsmakers of D-St: D-Mart, Dilip Buildcon among 9 top stocks in limelight today - 3 days ago
A smart recovery in the afternoon session helped key benchmark indices settle half-a-per cent higher on Monday. There were many counters, which were in the limelight for the day, many of whom ended up with smart gains. Here are a handful of them:
Economic Times

Hotel companies back on growth track with rising occupancy rates - 3 days ago
According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate touched 66% at the end of the June 2022 quarter. The occupancy was at 66.1% in 2019. Factors such as improvement in leisure travel, steady demand from corporate travel, and large events and conferences have contributed to the improvement in occupancy.
Economic Times

Sensex snaps 3-day losing run on gains in FMCG, bank stocks, ends 327 pts higher; Nifty above 15,800 - 3 days ago
CLOSING BELL: Sensex snaps 3-day losing run on gains in FMCG, bank stocks, ends 327 pts higher; Nifty above 15,800; HUL adds 4%, ITC 3%
Economic Times

Top Nifty50 stocks analysts recommend buying this week - 3 days ago
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

Fag-end buying in financials, FMCG stocks gives Sensex 327-point fillip - 3 days ago
"Changing investor preference from growth to value stocks is clearly visible, resulting in selling across sectors like IT. As we step towards the new earnings season, the prime focus of the market will turn towards quarterly numbers and updated guidance for the new financial year," said Vinod Nair, Head of Research at Geojit Financial Services.
Economic Times

ITC on a roll! What's driving the rally? - 3 days ago
ITC has delivered over 30% return to its shareholders in 2022 so far. What's driving the rally? Will the upside momentum continue?
Economic Times

Here's how windfall tax will impact Reliance, ONGC and OIL India - 3 days ago
The government has raised export duty on diesel by Rs 13 a litre and on petrol by Rs 6 a litre. It has also raised export duty on ATF by Re 1 per litre. The government said Indian exporters would have to sell 50 per cent of petrol in the domestic market on total shipping bill while they have to sell 30 per cent of diesel in domestic market on total shipping bill. In addition, a cess of Rs 23,250 per tonne was imposed on crude produced domestically.
Economic Times

Slump in commodity prices can spark a rally in these 4 consumer stocks - 3 days ago
Edelweiss analyst Arun Jain cites two key catalysts that can trigger a rally in FMCG stocks: cooling off of key raw material cost, which will be retained by most companies, and reasonable valuation after correction in multiples despite no significant earnings downgrades.
Economic Times

Interglobe Aviation plunges 4% on delay in flights - 3 days ago
According to the Ministry of Civil Aviation's website, 45.2% of IndiGo's domestic flights operated on time on Saturday. In comparison, the on-time performances of Air India, SpiceJet, Vistara, Go First and AirAsia India was 77.1 per cent, 80.4 per cent, 86.3 per cent, 88 per cent and 92.3 per cent, respectively, on Saturday
Economic Times

Bajaj Auto begins Rs 2,500 cr share buyback - 3 days ago
The buyback will be carried out at a price not exceeding Rs 4,600 per equity share and for an aggregate amount of up to Rs 2,500 crore, representing 9.61 per cent of the aggregate of the total paid-up share capital of the company, it had stated.
Economic Times

IndiGo shares hit by flight delays - 3 days ago
More than half of IndiGo’s flights were delayed on Saturday as a large chunk of its staff stayed away from work – allegedly to attend a recruitment drive of rival airlines – inconveniencing scores of passengers.
Economic Times

Single-use plastic ban: How will it affect listed companies - 3 days ago
“We believe that the share of plastics used for these banned SUPs (single-use plastic) is not large (less than 2-3%) and our interactions with industry experts suggest that the maximum impact would be on polystyrene (PS). The key producers of PS in India are Supreme Petrochem and LG polymers,” Kotak analyst Sandeep Gupta said in a report.
Economic Times

Japanese stocks end higher on utilities boost; department stores slide - 3 days ago
The Nikkei share average ended up 0.84% at 26,153.81 after briefly dipping below the psychological 26,000-mark in the morning session. The broader Topix gained 1.34% to 1,869.71. The Nikkei logged a weekly loss of 3.01% on Friday, while the Topix slipped 2.08%.
Economic Times

Energy shares boost European equities ahead of inflation data - 3 days ago
The continent-wide STOXX 600 index was up 0.8% by 0716 GMT, after falling last week on worries about a potential global economic slowdown.
Economic Times

Metal stocks continue to bleed on weak demand outlook, fall in prices - 3 days ago
The BSE metal index plunged more than 3 per cent to 15,071. It had settled at 15,612.50 on Friday. In June, the index lost as much as 13 per cent while it is down 37 per cent from its 52-week high.Metal stocks were down up to 4 per cent in Monday's trade, making the sector the biggest drag on benchmark indices.
Economic Times

IndusInd Bank shares rally over 3% on strong Q1 business update - 3 days ago
The scrip has given a three-year return of -45.94 per cent as compared to Nifty 100 which gave a return of 33.22 per cent. IndusInd Bank, incorporated in the year 1994, is a banking company having a market cap of Rs 64,708.66 crore.
Economic Times

Chart Check: This cement player gave breakout above ‘falling wedge’ pattern; time to buy? - 3 days ago
On the weekly charts as well, the stock is trading below the 50-WMA, but above the 200-WMA. The stock rose over 3 per cent in a week and fell just a little over 1 per cent in a month compared to over 4 per cent fall seen in the Nifty in the same period.
Economic Times

Brokerages divided over Delhivery’s fate. Here’s why - 3 days ago
Delhivery provides a full range of logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
Economic Times

DMart rises 3% post Q1 business update; here's what analysts say - 3 days ago
"Standalone revenue grew 2 times YoY to Rs 9,810 crore, 70 per cent over 1QFY20 (or pre-Covid) levels and 11 per cent below our estimate. While overall growth looks strong, adjusted for the store addition, estimated LTL revenue declined by 13 per cent in 1QFY23," it said, adding that the company does not provide quarterly same-store sales growth.
Economic Times

Is Dalal Street headed for an earnings recession? Analysts decode - 3 days ago
Analysts said operating margins for select pockets may come under pressure, as not all companies would be able to pass on the entire cost burden to consumers. Then, there is competition and also certain policies aimed at restricting inflation, which may hurt certain sectors in the short term, they said.
Economic Times

Goldman Sachs initiates coverage on Delhivery; Jefferies bearish on metal stocks - 3 days ago
Another global brokerage firm Jefferies is majorly bearish on the metal sector. Indian metal stocks have underperformed Nifty50 by 12-34 per cent in June 2021 quarter. It added that it is still early to turn constructive on the sectors where P/B valuations remain above the historical troughs.
Economic Times

Rakesh Jhunjhunwala's largest banking bet can deliver up to 37% return - 3 days ago
"Overall, Federal Bank posted healthy growth in advances, aided by strong system-level growth. Deposits were largely flat on a sequential basis as there was stiff competition among the banks to garner the same. CASA trends remained stable with a marginal decline to 36.8 per cent," said Motilal Oswal Securities while suggesting a price target of Rs 130 on the stock.
Economic Times

The balancing act: Aswath Damodaran on why fear & greed must co-exist for market to thrive - 3 days ago
According to Damodaran, risk capital is the portion of capital that is invested in the riskiest segments of each market and safety capital is that portion that finds its way to the safest segments in each market.
Economic Times

ICICI Bank, Lupin among 7 stocks that can deliver solid returns in near-term - 3 days ago
Volatility has become an integral feature of domestic equity markets over the last few weeks. However, the latest round of selling pressure has turned select pockets attractive, where investors can make decent gains. Based on the recommendations from analysts, here are seven stocks that can deliver returns in near-term:
Economic Times

Sensex, Nifty trade lower on weak global cues; DMart climbs 4% on Q1 update - 3 days ago
Avenue Supermarts jumped 3.19 per cent to Rs 3,495 after June quarter updates. The owner and operator of retail chain D-Mart reported a nearly two-fold rise in its standalone revenue from operations to Rs 9,806.89 crore for the first quarter ended on June 30, 2022. The company had revenue from operations of Rs 5,031.75 crore in the April-June quarter a year ago.
Economic Times

Radhakishan Damani lost about Rs 26,300 crore in June 2022 quarter - 3 days ago
Avenue Supermarts, his flagship company and operator of D-Mart, has put the biggest dent in his fortunes during the last quarter as he held 65.2 per cent stake in the company as a promoter.
Economic Times

Gold rate today: Yellow metal gains higher; silver reclaims Rs 58,000 - 3 days ago
Gold is seen as an inflation hedge, higher short-term US interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest. A firm US dollar makes gold less attractive for buyers holding other currencies.
Economic Times

Sensex rises 100 points, Nifty nears 15,800; DMart jumps 4% - 3 days ago
Sensex gains 100 points, Nifty nears 15,800; DMart jumps 4%, ONGC drops 3%; ONGC, IDFC First, Voda Idea among most active stocks on NSE; metal index bleeds 2%.
Economic Times

Stocks in focus: Glenmark, Muthoot Finance and more - 3 days ago
Nifty futures on the Singapore Exchange traded 28 points, or 0.18 per cent, lower at 15,716.50, signaling that Dalal Street was headed for a muted start on Monday. Here are a few stocks which may buzz the most in today's trade.
Economic Times

Buy or Sell: Stock ideas by experts for July 04, 2022 - 3 days ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Federal Bank and Muthoot Finance while Nooresh Merani has buy/sell recommendation on PVR and DLF for today's trading session. Check out the targets and stoploss.
Economic Times

Stocks in the news: NTPC, D-Mart, JSW Steel, HDFC twins and auto stocks - 3 days ago
The proposal of merger of HDFC with its banking subsidiary HDFC Bank, the biggest transaction in India's corporate history, has got approval from stock exchanges.
Economic Times

Big Movers on D-St: What should investors do with RIL, MRPL and ONGC? - 3 days ago
Stocks that were in focus included RIL which fell more than 7 per cent, MRPL which was down nearly 10 per cent, and ONGC which saw a dip of over 13 per cent.
Economic Times

KDDI shares fall nearly 4% after its biggest service outage - 3 days ago
KDDI said in a statement at 9:00 a.m. on Monday (0000 GMT) that data transmission had been broadly restored but users might experience difficulty in making voice calls due to restrictions. The disruption, which began in the early hours of Saturday morning, was caused by equipment malfunction and affected services from weather data to parcel delivery and banking.
Economic Times