ODI World Cup 2023: Business of Cricket explained - about 1 year ago
As we gear up for this thrilling sporting event, let's delve into some fun trivia about the Cricket World Cup and its potential impact on various sectors. This tournament promises excitement on the field and economic implications off it, affecting industries ranging from food delivery and restaurants to airlines and hotels. We take you through what to expect as the cricketing world comes together for this epic showdown.
Economic Times

Robust box office collections, strong pipeline to drive upside in PVR Inox: Kotak Sec - about 1 year ago
The multiplex industry has rebounded sharply from COVID levels as back-to-back film releases, particularly in the September quarter, drove remarkable box office collections. With the pipeline for Hindi and regional movies remaining strong over the next 3-6 months, PVR Inox is set to see strong earnings growth, says Amit Agarwal of Kotak Securities.
Economic Times

Top picks! ICICI Bank, ITC among 10 large & midcap stocks that can rally up to 34% - about 1 year ago
Brokerage firm Axis Securities is positive on a few large and midcap stocks, which can rally up to 34%. These stocks belong to different sectors such as banking, auto and pharma. These stocks include ICICI Bank, SBI, Maruti Suzuki, Ashok Leyland and ITC. Here's a list of 10 large & midcap stocks that can rally up to 34%, according to the brokerage:
Economic Times

Fundamental Radar: PVR Inox is poised for a re-rating, Amit Agarwal explains why - about 1 year ago
Box office collections were particularly robust in the September quarter, and according to Kotak Securities, it symbolizes the first true comeback of multiplexes post the pandemic.
Economic Times

Sensex rises 300 points as oil prices, US labour data ease; Nifty above 19,500 - about 1 year ago
From the Sensex pack, Tata Motors, Titan, and Infosys were the top gainers, rising over 1% each. L&T, ICICI Bank, HDFC Bank and UltraTech Cement also opened higher. On the flip side, only Power Grid, Nestle, Axis Bank, and Bharti Airtel opened lower.
Economic Times

F&O Ban: Delta Corp, Indiabulls Housing, Manappuram Finance under trade ban on Thursday - about 1 year ago
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Economic Times

Nestle India, HUL among 5 stocks with RSI trending up - about 1 year ago
Ten stocks are trading with momentum indicator RSI trending up. ETMarkets has picked five stocks in this pack to give insights about their movement trends on October 4, Thursday. 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.
Economic Times

Mid-cap powers up for 7% ride as refiner pushes towards 9% - about 1 year ago
The Nifty had a weak day. It opened lower and did not find the strength to beat the trend. It did give a moment of hope but ended the day in a loss.
Economic Times

Stocks to buy today: Infosys, D-Mart among top 9 trading ideas for 5 October - about 1 year ago
Synopsis: India VIX was down by 1.15% from 11.78 to 11.65 levels on Wednesday. Volatility has been hovering in a choppy manner with the absence of strength to the bulls.
Economic Times

Nifty options strategy: What should traders do on October series' first weekly expiry? - about 1 year ago
Rupak De, Senior Technical analyst at LKP Securities expects bearish trend to continue in the markets going ahead till the time Nifty stays below 19,500, with initial support likely around 19,330. A fall below this level could take the Nifty towards 19,250-19,200, he opines.
Economic Times

Stocks in focus: Bajaj Finance, HAL and more - about 1 year ago
GIFT Nifty on the NSE IX traded higher by 8 points, or 0.04 per cent, at 19491, signaling that Dalal Street was headed for muted 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 05, 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 Avenue Supermarts and HCL Tech, while Nooresh Merani has a buy/sell recommendation on Indigo and Axis Bank for today's trading session. Check out the targets and stoploss.
Economic Times

As Nifty trades at make-or-break level, will RBI Das play the good or bad cop for D-Street? - about 1 year ago
The market correction had nothing to do with the monetary policy, and was rather a reflection of the weak global sentiment.
Economic Times

​Golden Crossovers: Pfizer 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 1000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data.
Economic Times

Spotlight still on Vedanta $3 billion debt despite spinoff plan - about 1 year ago
A streamlined structure could also help Agarwal sell unprofitable or low-growth assets — something the billionaire has long avoided.
Economic Times

US stock market: Nasdaq leads Wall St rebound after weaker-than-expected data - about 1 year ago
The ADP National Employment Report was cheered by investors worried about rising interest rates and the likelihood that the Federal Reserve may need to keep rates higher for longer.
Economic Times

Asian shares come off 11-month lows as Treasuries rally - about 1 year ago
Tracking overnight gains on Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%. Japan's Nikkei climbed 1.2%.
Economic Times

US government shutdown later this year would not hurt rating: Fitch - about 1 year ago
​the latest factor to prompt worry on Wall Street about U.S. political governance after a near-miss with a partial federal government shutdown this weekend and a debt ceiling crisis earlier this year.
Economic Times

Big movers on D-Street: What should investors do with Nestle, Maruti and Coal India? - about 1 year ago
Stocks that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday.
Economic Times

At multi-year highs: Suzlon Energy among 7 stocks that saw 5-year swing high breakout - about 1 year ago
In the NSE list of stocks with a market cap of over Rs 2500 crore, we have collated a list of seven stocks that witnessed a 5-year swing high at the close on October 4, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.
Economic Times

Nasdaq leads Wall St rebound after weaker-than-expected data - about 1 year ago
The ADP National Employment Report was cheered by investors worried about rising interest rates and the likelihood that the Federal Reserve may need to keep rates higher for longer.
Economic Times

Stocks in news: Bandhan Bank, RBL Bank, Marico, Jubilant Foodworks, HAL - about 1 year ago
Bandhan Bank's advances grew 12% year-on-year to Rs 1.08 lakh crore while its loan collection efficiency remained stable at 98% at the end of the September quarter.
Economic Times

Stock Radar: Breakout with high volumes in Dr Lal PathLabs could lead to a trending phase in the near term, says Ruchit Jain - about 1 year ago
“Dr Lal PathLabs stock has recently witnessed a swift upmove along with rising volumes and prices have given a breakout above the swing high resistance of Rs. 2486 which was seen in the month of July. Traders can buy for a target of Rs 2650-2750,” Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

GIFT Nifty up 10 points; here's the trading setup for today's session - about 1 year ago
Foreign portfolio investors were net sellers at Rs 4,424 crore on Wednesday. DIIs bought shares worth Rs 1,769 crore.
Economic Times

Sajjan Jindal, SAIC set to drive MG Motor in India, finalises terms of agreement - about 1 year ago
Sajjan Jindal's private company to take up to 35% stake initially with option to go up to 49% and then 51% post IPO; Chinese ownership to fall below 40%.
Economic Times

Ray Dalio says US-China relations are on the ‘brink of red lines' - about 1 year ago
Dalio has long nurtured relations with Chinese officials, expressed admiration for some of Beijing’s economic policies and built business for his firm in China. He has also been consistent in warning about the risk of conflict between the world’s two largest economies.
Economic Times

CFM ARC invokes R-Power’s guarantee for Vidarbha loans - about 1 year ago
Reliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CFM ARC became the new and sole lender of Vidarbha Power after it acquired loans from lenders at Rs 1,265 crore in an all-cash deal.
Economic Times

HDFC Bank posts strong overall deposit growth in Q2 post merger - about 1 year ago
The bank's overall deposit growth remained strong in the second quarter of this financial year, showed performance data published at the end of the quarter. Deposits climbed 30% year-on-year to reach ₹21.7 lakh crore. On a quarterly basis, there was a 14% increase.
Economic Times

Edelweiss Alternatives sells CNTL loan to ACRE - about 1 year ago
CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.
Economic Times

Union Bank contests NCLT-approved plan for Lavasa Corp, seeks revocation - about 1 year ago
"In spite of clear directions from this Tribunal to place the modified or fresh resolution plan before the consolidated CoC (committee of creditors) for their consideration, the respondent no 1 (Verma) with malafide intention and in connivance with the respondent 2 (DPIL) instead of placing the modified or fresh resolution plan and without taking into account valuation of assets of the debtor at that point of time, or February 2023," which the bank's petition said misrepresented facts.
Economic Times

What tax filings say about India’s consumption story - about 1 year ago
Income tax filers with income above Rs 10 lakh have grown 20% between 2012 and 2021 vs 4.5% for those with less than Rs 5 lakh in income.
Economic Times

RBI forms panel on provisioning norms - about 1 year ago
The Reserve Bank of India has established a working group to propose a framework for a smoother transition to the expected credit loss-based provisioning system. The group, headed by R. Narayanaswamy, will provide inputs on technical aspects of the transition. The new system would be a shift from the current incurred loss-based provisioning regime. While there are concerns about the impact on banks' profits, India Ratings and Research believes that the healthy operating buffers and provision coverage ratio provide comfort. The group will also suggest factors for determining credit risk and recommend prudential floors for provisioning.
Economic Times

Several advisers yet to register with ARIA: Buch - about 1 year ago
"Investment advisers are required to register with the new first-level regulator. There are large numbers - 35% of the investment advisers are still not registered," said Buch at an industry event on Wednesday. "It's your profession, it's your livelihood but you have not found the time or inclination to come and register with the first-level regulator," she said.
Economic Times

Sebi forms panel for easing rules - about 1 year ago
The regulator said, following the budget announcement for FY24, it formed 16 working groups, under the aegis of its standing advisory committees.
Economic Times

Bandhan Bank reports 12.3% loan growth in Q2 - about 1 year ago
Bandhan's share of bulk deposits although came down sequentially was higher year-on-year. At the end of September, the total bulk deposits stood at Rs 29098 crore as against Rs 25705 crore a year back. It was at Rs 31240 crore three months back. The current and savings account (CASA) ratio was at 38.5% against 40.8% a year back while the ratio improved from 36% as of June.
Economic Times

Rush for raising funds via QIPs hints at pickup in private capex cycle - about 1 year ago
During the first-half of FY24, 20 companies have together raised ₹18,500 crore through QIPs, while another dozen have already announced plans to raise up to ₹25,000 crore through this route.
Economic Times

Bank stocks drop amid foreign selloff - about 1 year ago
"While RBI is expected to hold rates, the global factors like the rising bond yields and higher interest rates have led to negativity in the banking space," said Andrew Holland, CEO-Avendus Capital Alternate Strategies. "The support levels for the banking index are hovering over at 42,000 levels." The Nifty Bank index closed at 43,964.
Economic Times

Sensex falls mirroring weakness in global markets - about 1 year ago
The Sensex dropped 286 points, or 0.4%, to close at 65,226. Nifty declined 90.3 points to close at 19,438. Both indices had fallen as much as 1% earlier in the day but managed to cut losses thanks to late strength in IT stocks.
Economic Times

Stock Radar: This healthcare stock eyes fresh 52-week highs after range breakout. Is it a buy? - about 1 year ago
If the breakout from July swing-high sustains, experts see the stock surpassing Rs 2700 levels in 3-4 weeks. High-risk traders can look to buy the stock on dips. The stock has rallied more than 7% in a week and over 15% in a month
Economic Times

Wall St gains after fresh jobs data, Treasury yields retreat - about 1 year ago
Major growth stocks Microsoft, Amazon.com, Nvidia, Alphabet and Tesla gained between 1.5% and 4.4%. Consumer discretionary stocks rose 1.4% and led gains among the major S&P 500 sectors, while energy shares took the worst hit and were down 3.0% as crude prices fell on demand concerns
Economic Times

SAS slides 95% as Scandinavian airline's shareholders wiped out - about 1 year ago
Scandinavia's biggest carrier filed for bankruptcy protection in the United States in mid-2022 after years of struggling with high costs coupled with low customer demand exacerbated by the coronavirus pandemic.
Economic Times

Nasdaq, S&P 500 rise after fresh jobs data, Treasury yields retreat - about 1 year ago
Major growth stocks Microsoft, Amazon.com, Nvidia, Alphabet and Tesla gained between 0.4% and 2.3%
Economic Times

Market Trading Guide: HDFC Bank, Suzlon Energy among 5 stock recommendations for Thursday - about 1 year ago
Indian equity indices closed lower for the second straight day on Wednesday, dragged by banking, financial and auto stocks. The BSE benchmark Sensex fell 0.44% to settle at 65,226, while NSE Nifty ended below the 19,450 level."The zone of 19320 – 19360 is a crucial support as multiple parameters in the form of daily lower Bollinger band and the 20-week moving average are placed. In terms of levels, 19330 – 19300 is the crucial support zone while 19520 – 19560 shall act as an immediate hurdle zone," said Jatin Gedia, Sharekhan by BNP Paribas.Here are the 5 stock recommendations for Thursday:
Economic Times

FII holding in HDFC Bank drops further in Q2, investment headroom increases by 170 bps - about 1 year ago
“More selling by FIIs is needed in the next few quarters before MSCI incorporates the merged entity shares with a factor of one, compared to the 0.5 currently used,” said Abhilash Pagaria, Head - Nuvama Alternative & Quantitative Research.
Economic Times

US stocks rise at open after fresh jobs data, Treasury yields retreat - about 1 year ago
Dow Jones Industrial Average rose 31.80 points, or 0.10%, at the open to 33,034.18
Economic Times

Sebi forms working groups to simplify various market regulations - about 1 year ago
Currently, 16 working groups, under the aegis of its standing advisory committees, are reviewing compliance requirements under various Sebi regulations applicable for various regulated entities, such as equity and debt listed companies, mutual funds, stock brokers, and alternative investment funds among others.
Economic Times

High on VFX ! After Basilic Fly Studio, Digikore Studios offers bumper returns on listing day - about 1 year ago
On listing, the stock attracted more interest from investors and was locked in the 5% upper circuit. Overall, Digikore Studios closed the first day higher by 65% over the offer price.
Economic Times

Breakout Stocks: How MRPL, Mahanagar Gas and Narayana Hrudayalaya are looking on charts for Thursday’s trade - about 1 year ago
Sectorally, buying was seen in IT and FMCG stocks while metal, public sector, realty, and power stocks saw some selling pressure
Economic Times

Tech View: Nifty forms Dragonfly Doji candle on charts. What traders should do on Thursday - about 1 year ago
The short-term trend of the Nifty remains negative. A decisive close above 19,500 levels could possibly open an upside bounce towards 19,650 levels in the near term. Inability to sustain the upside bounce or a decline below 19,330 is likely to trigger fresh weakness for the market ahead, said Nagaraj Shetti of HDFC Securities.
Economic Times

Avenue Supermarts, 3 other large cap stocks surpass 50-Day SMA - about 1 year ago
The stock market marked a significant day on October 3 as several large cap stocks surged ahead, surpassing their 50-Day Simple Moving Averages (SMA).
Economic Times