Zerodha loses No.1 stock broker status to Groww - about 1 year ago
The latest data from NSE's active client base shows that the number of users on Groww rose to 66.3 lakh in September while Zerodha's client list was at 64.2 lakh.
Economic Times

Zomato shares jump 120% in 8 months, ICICI Securities raises target price to Rs 160 - about 1 year ago
ICICI Securities revised its target upwards from the previous target of Rs 120 relying on the company's potential to report sharp improvement in profitability in all three businesses of Zomato viz. food delivery, quick commerce and hypercure.
Economic Times

Nifty Auto index stocks: How many EVs get sold in the festive season holds many answers - about 1 year ago
The reason why festive season spending and its trends are important for some segments of the auto industry is the fact that some segments like cars and two wheelers do have witnessing rising sales during the festive period. But this time in case of even in these two segments, what would be more interesting to watch would be the fact how much sales the EV segment is able to get. If there is a sharp jump in EV numbers then it would mean that the final inflection point as far as the price is concerned will be higher than what has been estimated earlier.
Economic Times

Jhunjhunwala-owned smallcap stock rallies 9% after Porinju picks stake - about 1 year ago
At 10.59 a.m., the stock was trading 6% higher at Rs 109 over its last day's closing price of Rs 103 apiece. Meanwhile, on a year-to-date basis, the stock has surged 35%, while it has risen nearly 50% in the last one year.
Economic Times

Aster DM shares jump 9% on reports of PE firms showing interest in company’s India unit - about 1 year ago
The stock is currently trading above its 50-day and 200-day Simple Moving Averages (SMAs) and today's move has taken the stock in an overbought zone with MFI trading at 73 according to Trendlyne data. Meanwhile, another momentum indicator RSI is in a medium range of 43.
Economic Times

Chart Check: 80% rally in 3 months! Breakout from an inverse Head & Shoulder pattern could push the stock to fresh 52-week high - about 1 year ago
Short-term traders can look to buy the stock on a break above 68 levels for a possible target of Rs 90-125 in the next 6 months, suggest experts.
Economic Times

How will the Israel-Palestine war impact financial markets? Is there any historical reference to this? - about 1 year ago
To understand the potential ramifications of such events, let’s delve into both the immediate and long-term impacts and the historical context.
Economic Times

Hot Stocks: Brokerages view on TCS, Tata Steel, Zomato and BPCL - about 1 year ago
The IT company is going through rough seas which was anchored by a share buyback. Q2FY24 revenue missed the estimate, but the EBIT margin was above estimate.
Economic Times

Punjab National Bank among 10 bank stocks with high NPAs - about 1 year ago
As the Q2 results of the listed companies have started this week, it is good to know about the NPAs of banks for investors who have bank stocks in their portfolios. According to Trendlyne data, Punjab National Bank, Indian Overseas Bank and City Union Bank are the banks with the highest NPAs. Here's a list of such 10 bank stocks:
Economic Times

Newly-listed companies dominate mutual funds' smallcap shopping basket in September. Take a look - about 1 year ago
Mutual funds turned significant buyers in the month of September, offsetting the foreign investors' selling spree. Domestic fund houses have bought Rs 20,500 crore worth of stocks across categories. Here's a look at their top smallcap additions. (Data Source: Nuvama)
Economic Times

ICICIdirect users hit by connectivity issue at BSE - about 1 year ago
Back in July, Zerodha users were also affected by a glitch while placing orders in the BSE F&0 segment after BSE leased lines in two of the brokerage's setups went down.
Economic Times

Sensex gains 90 points, Nifty above 19,800; TCS drops 1% - about 1 year ago
Sensex jumps 90 points, Nifty above 19,800; Aster DM rises 5%, TCS drops 1%; Tata Motors, Indusind Bank, Asian Paints are some of the gainers in the morning trade.
Economic Times

Nifty options strategy: What should traders do on weekly expiry day? - about 1 year ago
The options data suggests that the trading range for today's expiry is between 19,700 and 20,000. Nifty Put options OI concentration is the highest at 19,500 followed by 19,600 and 19,800 which are likely to act as support with the highest writing at 19,800 and 19,700 strikes.
Economic Times

TCS shares see selling pressure as company misses Q2 estimates. Should you buy, sell or hold? - about 1 year ago
The Q4 results were announced after market hours. TCS shares ended at Rs 3,613 on the NSE and were down by Rs 15.90 or 0.44% from the previous closing price on Tuesday.
Economic Times

Tata Motors: Bullish to sideways - about 1 year ago
Tata Motors’ daily trend is bullish to sideways. The RSI for daily is showing sideways momentum, however, the RSI for monthly and weekly are showing bullish momentum. Based on option chain analysis, the range is between 620 and 650. Let’s plan a trade around this.
Economic Times

Solid Debut! Plaza Wires shares list at 56% premium over IPO price - about 1 year ago
Shares of Plaza Wires made a strong debut on the BSE and NSE, with a premium of 55.5% and 40.7%, respectively over the issue price. The IPO was oversubscribed 161 times, which can be attributed to the company's impressive growth and competitive strengths. Plaza Wires is engaged in manufacturing and selling wires, LT aluminium cables, and electrical goods. The proceeds from the IPO will be used for expanding the product portfolio and funding working capital requirements.
Economic Times

Stocks to buy today: RIL, Zomato among top 10 ideas for 12 October - about 1 year ago
India VIX was down by 2.53% from 11.27 to 10.98 levels on Wednesday. Volatility cooled off and paved the way for the bulls to strengthen in the market.
Economic Times

Wipro, Hero Moto among 5 stocks with RSI trending up - about 1 year ago
Over four dozen stocks are trading with the momentum indicator RSI trending up. ETMarkets has picked five stocks in this pack to give insights about their trend on October 11, Wednesday. RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI. Furthermore, RSI also enables an understanding of the stock’s overvalued or oversold state. (Source: StockEdge)
Economic Times

Fundamental Radar: Why is Zomato poised for re-rating despite rich valuations? ICICI Sec answers - about 1 year ago
Given the outlook of a sharp profitability improvement in all three businesses of Zomato, ICICI Securities believes that valuations for the Zomato stock are now pretty sensible.
Economic Times

Top-performing fund turns to IPOs as India stocks turn pricey - about 1 year ago
The $1.2 billion Franklin India Smaller Companies Fund is up 34% this year, beating 98% of its peers. The fund’s IPO picks — Concord Biotech Ltd., TVS Supply Chain Solutions Ltd. and SBFC Finance Ltd. — have rallied between 15% to 50% since their trading debuts in August, data compiled by Bloomberg show.
Economic Times

Sensex opens in green on the back of firm oil prices; Nifty above 19,800 - about 1 year ago
From the Sensex pack, IndusInd Bank, Tata Motors, SBI, NTPC, and Axis Bank opened with gains, while TCS, Tech Mahindra, Bajaj Finance, and Bharti Airtel opened with cuts.
Economic Times

Pharma player aims at healthy 7% gain even as metal stock firms up for 6% rise - about 1 year ago
Nifty saw a high point of 19839.20 and then came off that level. The rest of the session was spent in a limited trajectory. The headline index closed with a net gain of 121.50 points (+0.62%).
Economic Times

Positive Breakout: YES Bank and 5 other stocks cross above their 200 DMA - about 1 year ago
In the NSE list of stocks with a market cap of over Rs 10,000 crore, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 11, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Economic Times

Birkenstock stumbles 12% in underwhelming US market debut - about 1 year ago
The 11% decline from Birkenstock's IPO price on Tuesday to its opening price on Wednesday marks the worst debut by a company worth over $1 billion in nearly two years, according to LSEG data.
Economic Times

Golden Crossovers: JK Paper among 3 stocks signaling further bullishness - about 1 year ago
In the NSE list of stocks, three stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on October 11.
Economic Times

Pioneer's mega-sale to Exxon will trigger $71 mln in exec windfalls - about 1 year ago
Known as golden parachutes, such payments are commonplace in corporate America and are intended to incentivize management to sell a company even if it means ending their own employment.
Economic Times

Big movers on D-Street: What should investors do with TCS, ICICI Pru Life and Bank of Baroda? - about 1 year ago
Stocks that were in focus included names like TCS, which fell 0.44%, Bank of Baroda, which rose 3.22%, and I-Pru Life, whose shares declined 2.63% on Wednesday.
Economic Times

Positive Breakout:YES Bank and 5 other stocks cross above their 200 DMA - about 1 year ago
In the NSE list of stocks with a market cap of over Rs 10,000 crore, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 11, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Economic Times

Stocks in focus: Delta Corp, Zaggle and more - about 1 year ago
GIFT Nifty on the NSE IX traded higher by 16.5 points, or 0.08 per cent, at 19846.50, signaling that Dalal Street was headed for positive start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.
Economic Times

Buy or Sell: Stock ideas by experts for October 12, 2023 - about 1 year 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 Ultratech cement and RIL, while Nooresh Merani has a buy/sell recommendation on NMDC and Sun TV for today's trading session. Check out the targets and stoploss.
Economic Times

US stock market: Wall Street advances as bond yields fall, investors digest Fed minutes - about 1 year ago
Trading was choppy on Wednesday with all the indexes starting off the session with gains before turning lower ahead of the minutes and then regaining lost ground to push higher.
Economic Times

Asian shares rally as markets wager on Fed pivot; US inflation in focus - about 1 year ago
The recent buoyancy in sentiment also owe much to comments from more Fed officials suggesting rates there may have peaked, which triggered a welcoming pullback in Treasury yields.
Economic Times

Manipal group's Ranjan Pai likely to invest $250-300 million in Byju's subsidiary Aakash Institute - about 1 year ago
The initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.
Economic Times

Naveen Jindal looks to pilot Go First out of insolvency, company submits EoI - about 1 year ago
Naveen Jindal, the promoter of Jindal Steel and Power, has expressed interest in buying insolvent airline Go First. The expression of interest has been submitted by Jindal Power, owned by Worldone Pvt Ltd, a company owned by Naveen Jindal. It is unclear whether Jindal is looking to acquire the airline outright or act as a strategic investor. Go First has over ₹20,000 crore in claims from creditors and is running against the clock to resume its services.
Economic Times

Wall Street advances as bond yields fall, investors digest Fed minutes - about 1 year ago
Trading was choppy on Wednesday with all the indexes starting off the session with gains before turning lower ahead of the minutes and then regaining lost ground to push higher.
Economic Times

Stock Radar: NYKAA stock has witnessed increased volume participation in the last few months - about 1 year ago
"A close above 300 will pave the way for NYKAA stock to head towards 390 levels which is 88.6% Fibonacci retracement. The stock has also witnessed increased volume participation in the last few months which suggests the stock might have seen accumulation which can push the prices higher," Gaurav Bissa, VP, InCred Equities, said.
Economic Times

Stocks in news: TCS, Delta Corp, Infosys, HCL Tech, Zaggle Prepaid, Cipla - about 1 year ago
IT major TCS reported 9% growth in its net profit to Rs 11,342 crore. The Board has also approved a buyback proposal worth Rs 17,000 crore at Rs 4,150 apiece.
Economic Times

Uncertainty, growth risks put Fed on cautious footing in September, minutes show - about 1 year ago
"A vast majority of participants continued to judge the future path of the economy as highly uncertain," said minutes of a meeting where the U.S. central bank agreed to hold rates steady even as a 12-7 majority indicated in new projections that one more rate increase might be needed by the end of the year to ensure inflation returns to the Fed's 2% goal.
Economic Times

Rolta India lenders invite fresh revival bids - about 1 year ago
The exchange filing stated that the plan proposed by the sole resolution applicant was rejected by the CoC with 87.41% dissent and now it is in the process of considering fresh steps to be taken as per the IBC framework. The lenders have also approached the National Company Law Tribunal (NCLT) to seek an extension of time.
Economic Times

Banks request RBI to advance time for reporting CRR status - about 1 year ago
"Banks want the CRR cut-off timing to be advanced. Under the current system, banks must maintain a satisfactory buffer until midnight to ensure that the reserve requirement is met," a source said. "What is happening now is that a bank can be faced with a sudden outflow because of the pickup in 24x7 banking. So, banks are keeping a protective buffer at the SDF instead of deploying funds in the call market."
Economic Times

Manappuram aims to de-risk cyclicality and allocation stress with microfin arm listing - about 1 year ago
The separation of microfinance from the parent will mean that the company will take at least five years to get to its aspired 50:50 mix of gold and non-gold loans. Gold loans make up 56% of its assets under management (AUM) of ₹37,086 crore at the end of June. Nandakumar said that the pace of growth in gold loans will be half the average growth.
Economic Times

Sterling & Wilson misses payments to lenders - about 1 year ago
At present, the account is classified as a special mention account-0 (SMA-0), which effectively indicates that payment is overdue for less than 30 days. This status can be reversed if the payments are made by the company.
Economic Times

Vedanta forms base metals unit - about 1 year ago
The new subsidiary was incorporated on October 9, and it will have an authorized share capital of ₹100,000 with shares of ₹1 each. Its subscribed capital will also be ₹100,000, with equity shares of ₹1 each.
Economic Times

Equity mutual fund flows drop 30% in September - about 1 year ago
Equity mutual funds garnered ₹14,091 crore in September as against ₹20,245 crore in August, according to data from Association of Mutual Funds of India (AMFI).
Economic Times

Will Oct-Nov cheer up Dalal Street this year too? - about 1 year ago
"In the context of Nifty's historical performance spanning the last two decades, a distinct and noteworthy pattern emerges," said Dharmesh Shah, head-technicals, ICICI Securities. "Investors with an investment horizon of three months have found it profitable to initiate positions during the traditionally weaker month of September.
Economic Times

Polycab, Paytm & Lodha among stocks likely to enter MSCI Global, draw $900-m inflows - about 1 year ago
Others likely to feature in the index and benefit from global passive fund inflows are Polycab India and Tata Communications, wealth firm Nuvama Alternative & Quantitative Research said.
Economic Times

Bharti Group to buy out AXA's 49% stake in life insurance JV - about 1 year ago
AXA was looking to exit the JV over the last couple of years. Earlier, the Hinduja Group and Abu Dhabi Investment Authority (ADIA) were looking to buy Axa's stake in the insurance company but the transaction did not go through.
Economic Times

Stock Radar: Down 30% from highs! This new-age company is showing signs of turnaround - about 1 year ago
Short-term traders can look to buy the stock now for a target of Rs 185 in 4-6 months, suggested experts. The new-age stock hit a 52-week high of Rs 224 on 11 November 2022, but failed to hold on to the momentum. It closed at Rs 147.90 on 10 October 2023, which translates into a fall of over 34%
Economic Times

Nasdaq rises as long-term Treasury yields retreat, Fed minutes awaited - about 1 year ago
Yield on the benchmark 10-year notes fell to a roughly two-week low as prices rose on safe-haven flows due to fighting in the Middle East that has persisted for a fifth straight day
Economic Times

TCS announces Rs 17K cr buyback scheme in Q2FY24. A glimpse at past schemes - about 1 year ago
As the board approved, TCS announced the share buyback for the 5th time. India's largest software exporter Tata Consultancy Services or TCS today announced Rs 17,000 crore share buyback scheme at a price of Rs 4,150 per share, a 15% premium on Wednesday's closing price. Here’s a brief history of the company’s share buyback actions during the years:
Economic Times