InGovern Research has suggested that FCL shareholders seek a postponement of the resolution, citing concerns over the adequacy of the notice period. On the other hand, Stakeholders Empowerment Services (SES) has advised shareholders to vote against it, while Institutional Investors Advisory Services (IiAS) has recommended that shareholders vote in favour of the resolution.

The recent increase in borrowing costs across Corporate America is causing concern for stock investors, particularly in the tech sector. Federal Reserve Chairman Jerome Powell's commitment to keeping interest rates adjusted for inflation elevated has sparked a sell-off in Big Tech stocks. The rising cost of capital is seen as detrimental to equity valuations, and skepticism is growing as the cost of borrowing climbs. Higher rates are pressuring companies and threatening to impact their valuations. The tech-heavy Nasdaq 100 has already dropped over 5% in September.

Despite the corrective decline, the volatility index, as represented by India VIX, did not rise. In fact, it declined marginally by 2.20% to 10.66 on a weekly basis. This continues to keep the markets vulnerable to incremental corrective retrenchment.

The Canada Pension Plan Investment Board, which invests money via the Canada Pension Plan, has made a slew of investments in Indian companies. These include the likes of new-age companies such as Zomato and Nykaa and also seasoned players like the Kotak Mahindra Bank and Wipro. Data Source: Ritesh Presswala, Trendlyne

The government’s decision to push for policies which help in increasing rural incomes has brought in focus on many sectors which form the part of the rural income chain. Both the companies which are focussed on increasing agriculture productivity and the non agriculture side of rural incomes have been in focus.

The overall index declined sequentially for the first time in eight months in August. The overall index was down 0.1% on month in August.Core inflation, which is inflation excluding volatile food and fuel, fell to 4.8% in August from 4.9% a month ago. This is the lowest level for core inflation in over three years. In other words, core inflation is the lowest since the pandemic. Core services inflation has remained moderate at 4.5% in August, despite the evidence of strong service sector activities.

The other interesting piece is that 95% of the volume in the options segment is in index options. The following table shows volume break-up as of August 22, 2023, and what becomes very clear is that the stock options are a tiny part of the total options market.

Sustained negative returns over two consecutive years are very rare. Furthermore, investors must also be prepared for time corrections, where the market may take an average of around 30 months over the past decade to recover and reach previous peak levels.

With earnings season close to getting kicked off and valuation still on the higher side and event risk like state elections coming closer in such conditions, it is better to stick with large caps which have a proven track record in terms of weathering a bearish strom. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or a “buy” or a "strong buy".

After a strong rally in the past few weeks, railway-related stocks came under selling pressure recently on profit-booking. Many counters were also trading in the overbought state. Let's have a look at how much these stocks have cracked from their 52-week high levels. (Data Inputs: Ritesh Presswala | Ace Equity)

After many months of strong rally, in the last two weeks, the stock market has witnessed what can be called a correction. The reason why it has been different from other recent declines in the stock market is because in the last two weeks, along with nifty and sensex, even the broader market breadth in mid and small was also negative. In such times, if one is looking to buy stocks it would be better that they should look at large caps from select sectors. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

LT Foods is an FMCG company in the consumer food space. It is a leading player globally in the speciality rice and rice-based foods business. The company’s flagship brands include ‘Daawat’, one of India’s leading Basmati brands, ‘Royal’, which is North America’s top Basmati player and many more.

A number of brokerage firms have initiated coverage on several stocks, including Zomato, Bank of Baroda, RBL Bank and Sunteck Realty with a targeted upside of up to 45%. Here is a list of eight stocks on which brokerages initiated coverage:

Despite all the insightful bytes they may share with their loyal followers, finfluencers are not without their drawbacks and limitations. One of the major challenges is the lack of regulation and accountability in the finfluencer space. Unlike registered investment advisers or financial planners, finfluencers do not need any formal qualifications or certifications to offer financial advice.

The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week. Only three smallcap stocks have offered returns over 25% in this week. Further, about three of them rallied between 20-25%.

According to analysts, the sale of Glenmark Life could impact the profitability of Glenmark Pharma in FY25 but lower interest payments could offset the impact. ICICI Securities said the company will use the proceeds to clear its outstanding debt of '4,340 crore as of FY23 but the transaction is likely to result in an earnings cut of 5% for FY25. The brokerage has a sell rating on the stock with a price target of '660.

Market participants are also grappling with several potential threats to U.S. economic growth, whose resilience this year has helped push stocks higher. Foremost is the challenge presented by higher rates, if the Fed follows through on its pledge to keep borrowing costs elevated as it seeks to decisively turn the tide on inflation.

Indian equities experienced their fourth consecutive day of losses due to foreign fund outflows and high oil prices. The benchmark indices recorded a 2.7% loss for the week, the highest weekly loss since February. Rising US bond yields have caused nervousness in emerging markets, but Indian bond yields have remained subdued. Foreign portfolio investors continued to sell shares, while domestic institutions were buyers. Analysts expect the market to consolidate before resuming its uptrend, with attractive valuations in sectors such as auto, power, public sector banks, ethanol, and tourism-related stocks.

​​​​The broad-based S&P 500 finished at 4,320.06, down 0.2 percent for the day and 2.9 percent for the week. The Dow Jones Industrial Average dropped 0.3 percent to 33,963.84, while the tech-rich Nasdaq Composite Index lost 0.1 percent at 13,211.81.

During Friday's trading session, the benchmark index Sensex witnessed a drop of 221 points, closing at 66,009. Despite this decline in the market, four stocks included in the BSE PSU index were able to reach their highest prices in the past 52 weeks. The 52-week high holds significance for specific traders and investors as it functions as a vital technical indicator for evaluating a stock's current value and anticipating potential price changes. This value represents the highest price at which a stock was traded over the previous year.

Shares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that recently held highly anticipated initial public offerings.

The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week. Only three smallcap stocks have offered returns over 25% in this week. Further, about three of them rallied between 20-25%.