Shareholders who have RIL shares in their demat account before October 28, 2024 will be eligible for the bonus issue of shares.

Reliance Industries received shareholders' approval for 1:1 bonus share and increased authorized share capital. The total percentage of votes cast in favor of the bonus issue resolution was 99.92% with just 0.07% votes against it.

The stock of HDFC Life recovered partially on Wednesday, gaining 1.9% after sliding by nearly 4% the previous day following the insurer’s second quarter result announcement. The stock reported weakness despite the double digit growth in premiums and improving market share.

On Wednesday, India's benchmark index Sensex declined by about 319 points, closing at 81,501. Despite the market drop, six stocks from the BSE 200 index hit their 52-week highs. A 52-week high represents the highest price a stock has achieved in the past year, offering important insights for traders and investors. This benchmark helps assess a stock's current value and forecast its future potential.

Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares.

Indian indices declined for the second consecutive session on Wednesday, dragged by auto and IT stocks. Nifty 50 closed 0.34% lower at 24,971 points, and Sensex fell 0.39% to 81,501 points. Analysts predict a sideways trend with support at 24,900 and resistance at 25,200.

Reliance Industries received shareholders' approval for 1:1 bonus share and increased authorized share capital. The total percentage of votes cast in favor of the bonus issue resolution was 99.92% with just 0.07% votes against it.

Indian market closed in the red for the second consecutive day on Wednesday tracking muted global cues.The S&P BSE Sensex fell over 300 points while the Nifty50 closed below 25000.

The Centre has decided to exercise the greenshoe option in the Cochin Shipyard OFS after it received bids worth over Rs 1,900 crore from institutional investors on Wednesday. Institutional investors oversubscribed the portion of shares by placing bids for 1.28 crore shares as against 59.19 lakh shares offered.

Reliance Industries received shareholders' approval for 1:1 bonus share and increased authorized share capital. The total percentage of votes cast in favor of the bonus issue resolution was 99.92% with just 0.07% votes against it.

Wall Street's main indexes were little changed at the open on Wednesday, as investors took a breather following a selloff in tech and oil stocks in the previous session.

After acting as support for months, the 10 and 20-day exponential moving averages (EMAs) have recently been breached. These EMAs now pose resistance around 25,150-25,200, indicating a potential shift in momentum. This change in polarity suggests a cautious approach as the market navigates this critical juncture.

Sebi's new settlement mechanism for FPIs, effective from September 9, 2024, aims to enhance operational efficiency by issuing tax certificates for FPI sale trades on ‘T+1’ day, potentially generating efficiency gains of around Rs 2,000 crore per annum.

A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have actually resulted in losses for investors. The most striking example is Reliance Power, which launched its massive Rs 11,700 crore IPO in February 2008. Despite the initial hype, the stock has plummeted by over 80% from its issue price of Rs 450, leaving investors with significant losses. This serves as a stark reminder that even high-profile IPOs can fail to deliver on their promises.

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

Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Wednesday's trading session, five stocks saw short covering. Here's the list:

Cochin Shipyard OFS was subscribed 216.25% by non-retail investors on the first day. The offer will open for retail investors and employees on Thursday. The government intends to offload its 5% stake in the company at a floor price of Rs 1,540 per share.

ETMarkets' latest mutual fund analysis focuses on stocks held by a single scheme. Initially, there were 144 such stocks on the list in the month of September. To refine this, we considered only those with a market value over Rs 15 crore as of September '24, which had also experienced a price increase of more than 50% in fiscal year 2025 to date. Applying these criteria, we identified nine stocks that met the requirements. (Data Source: ACE Equity)

Indian blue-chip indices Sensex and Nifty extended their losses, closing in the red for the second consecutive day. Sensex and Nifty fell by 0.39% and 0.34%, respectively, due to weak performances from major companies. While major players like M&M and Infosys stumbled, HDFC Bank and Reliance Industries bucked the trend.

Nine mutual funds saw a decline in their assets under management in September 2024. Here’s the breakup (Source: ACE MF)

Indian benchmark equity indices Sensex and Nifty50 traded lower on Wednesday in the absence of fresh triggers, with investors weighing some disappointing results from marquee companies and the exodus of foreign funds against the drop in crude oil prices. However, six large and mid-cap stocks from the Nifty 200 index reached new 52-week highs. Here's the list:

Prabhudas Lilladher has given a one-year target of 27,867 for Nifty at its 15-year average PE of 19.1x. The brokerage firm has conviction on stocks like BEML, Cyient, and HDFC AMC among others. The market has shifted in favor of defensive sectors like FMCG, IT Services, Pharma, and Consumer Durables.

The markets are currently experiencing a minor correction but analysts believe that the long-term uptrend remains intact. With these minor dips, investors can find appropriate opportunities to take positions in some value stocks.With the festive season bringing optimism to the markets, domestic brokerage firm JM Financial has curated some stocks for returns up to 30%.Here are top 10 picks from JM Financial for a period of 6-12 months:

“History doesn’t repeat itself, but it often rhymes” – so goes a famous quote. Cast an eye back on market movements and you will notice that corrections in small-caps have often started in the last quarter of the calendar year. We are at that time of the year, and the street is jittery both at the level of the indices and broader market breadth. There is the possibility of a correction as adjustments to global flows may take place over the next couple of weeks. But this is a short-term scenario. Over the long term, such corrections are good opportunities to pick stocks – with the caveat that “conditions apply”. Conditions which are not tough to fulfill but require discipline, as well the ability to ignore impulse buying and FOMO.

HDFC AMC's assets under management (AUM) grew 7.5% to Rs 7.58 lakh crore by the end of the September quarter. Its equity market share held steady at 12.9%, while its debt market share rose to 13.5% from 13.3%.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Wednesday's trading session, five stocks saw fresh short positions being built. Here's the list:

ETMarkets' latest mutual fund analysis focuses on stocks held by a single scheme. Initially, there were 144 such stocks on the list in the month of September. To refine this, we considered only those with a market value over Rs 15 crore as of September '24, which had also experienced a price increase of more than 50% in fiscal year 2025 to date. Applying these criteria, we identified nine stocks that met the requirements. (Data Source: ACE Equity)

A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend. In Wednesday's trading session, five stocks saw fresh long positions. Here’s the list:

UK stock indexes rose significantly after surprising inflation data showed a larger-than-expected drop, increasing the likelihood of a Bank of England rate cut. Precious metal miners and real estate sector experienced gains. The pound fell, giving a boost to equities.

RailTel share Price: Shares of RailTel Corporation of India surged nearly 10% on Tuesday to a high of Rs 449 on the BSE after the company received a work order from MHADA for projects totaling Rs 79.84 crore. The contract involves selecting a service provider for Cloud Hosting and Managed Services to set up, migrate, and manage the Data Centre and Disaster Recovery site for MHADA on the Cloud.

The 40-acre prime Worli land parcel has the potential to generate cumulative pre-sales of Rs 40,000 crore with EBITDA margins of over 40% over its lifetime, even on a conservative basis.

Overseas investors have withdrawn over $7 billion from Indian stocks in October, marking the highest outflows since March 2020, as sentiment shifts towards China amid stimulus measures.

Angel One shares rose 5.3% after reporting record Q2FY25 results, with a net profit of Rs 423 crore and 30 lakh new clients, prompting upgraded target prices from brokerages.

Shares of RailTel Corporation of India surged nearly 10% on Tuesday to a high of Rs 449 on the BSE after the company received a work order from MHADA for projects totaling Rs 79.84 crore. The contract involves selecting a service provider for Cloud Hosting and Managed Services to set up, migrate, and manage the Data Centre and Disaster Recovery site for MHADA on the Cloud.

Sometimes investing is all about taking a contrarian stand and going against the narrative. But the hard fact is that, in real life, it is not easy to do so. Look at sectors that have been bearing the brunt of negative news and opinion for the past three years. At the top of the list you will find IT stocks – and not entirely for the wrong reasons. Bellwether firms have been painting a bleak picture of how the order book is panning out. And if the management is not confident, how can the street be confident? But go back exactly three years. The street was so bullish about IT stocks, with every second brokerage coming with “Strong Buy” recos. Are three years enough for things to come full circle?

Ambit has initiated a 'Sell' rating on Bajaj Housing Finance, targeting Rs 85, citing valuation concerns amid competition in the mature home loans sector, despite recent growth in AUM and loans.

Shares of Shipping Corporation of India and Great Eastern Shipping Company rose on the BSE amid reports that the Centre may approve the Coastal Shipping Bill 2024. The Bill aims to ease shipping sector rules, promote more ship lines into Indian ports, and enhance coordination between inland waterways and coastal shipping.

PVR Inox reported a Q2 net loss of ₹12 crore, down from ₹166 crore profit last year. Revenue declined 19%, but expenses reduced 7%, prompting Bank of America to maintain a 'Buy' rating.

HDFC Life's shares rose 1.7% after a 15% YoY increase in Q2 net profit to Rs 433 crore. Premium income grew 12% YoY. Analysts hold mixed views: Nomura downgraded it to 'Neutral', while CLSA and Jefferies raised target prices, citing new products and stable growth.

As of October 15, there was a notable surge in futures open interest for four stocks in the NSE F&O pack index, contributing to a total increase in open interest of over 10% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.

HDFC AMC shares surge 5% after a 32% YoY rise in Q2 profits to Rs 576.61 crore, with revenue up 38% to Rs 887.2 crore. Jefferies and CLSA raise target prices and revise EPS estimates, highlighting strong AUM growth and stable market positions despite a one-off tax impact.

This stock recently hit a record high of Rs 1,394! Although it has dipped slightly since then, it's still considered a strong "buy-on-dips" opportunity. After breaking through a key level of 1,138 back in 2021, it's been trading within a range of 1,100 to 1,384. This suggests potential for further upside, making it an attractive option for investors looking to capitalize on dips.

Nestle India is expected to report 5%-7% revenue growth for Q2 FY25, driven by volume increases and price hikes, with net profit estimates ranging from Rs 852 crore to Rs 887 crore.

Shares of BSE dropped 6% after Jefferies downgraded the rating to 'underperform' despite hiking the target price. The increased valuation was fueled by market share gain hopes, but Jefferies warned that the risks and over-optimistic assumptions overshadow potential benefits.

State-owned BEML's shares surged 8% after securing an Rs 866.87 crore contract from Integral Coach Factory to develop India's first high-speed train. The project includes designing, manufacturing, and commissioning two trainsets, each with eight cars. Delivery is expected by 2026, with trains capable of testing speeds up to 280 km/h.

PNC Infratech shares increased by 5.5% after the company announced it received two letters of acceptance from Maharashtra State Road Development Corporation. The road projects are worth Rs 4,630 crore. These projects include the construction of roads in Pune and from Jalna to Nanded. The shares of PNC Infratech have seen significant movement in the last year.

Indian benchmark indices opened lower for the second consecutive session, affected by declines in banking, auto, and IT sectors.

PSU bank stocks have dropped up to 17% in the last three months. However, experts believe these stocks are a good buy due to better valuations and expected earnings growth for Q2FY25. Banks like SBI, BoB, PNB, and BoI are highlighted as strong investment options by top brokerages.

On October 15, three stocks from the Nifty pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below.

Shares of Reliance Industries have fallen 16% in the last 3 months. Analysts believe the stock has become attractive with room for positive surprises. Major triggers include Jio tariff hikes, value unlocking in Jio and retail, potential growth in retail, and new energy business ventures. Investors remain optimistic about future performance.