On September 22, several large and midcap stocks marked this remarkable milestone by reaching their new 52-week highs.

Closing Bell: Sensex extends losses to 4th day, falls 221 points; Nifty below 19,700; Berger Paints climbs 7%, Wipro drops 2%

From the Sensex pack, Wipro, HDFC Bank, Power Grid, Sun Pharma, and UltraTech Cement closed in the red, while IndusInd Bank, Maruti, SBI, M&M, and Asian Paints closed higher

On September 21, several stocks made notable moves by crossing their 50-day SMA, indicating potential positive developments.

In fiscal year FY24 so far, the performance of stock broking stocks has been exceptional. Within the same timeframe, the benchmark index Sensex has experienced a gain of approximately 12%, while eight listed stocks from the stock broking sector, which have a current market capitalization exceeding Rs 500 crore, have seen their share price values surge by more than 40%. The majority of these stocks exhibit more strengths than weaknesses in their SWOT analysis, according to Trendlyne data. (Data Source: ACE Equity)

"Berger Paints fixed Saturday, September 23, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issue of bonus equity shares of the company in the ratio of 1:5, i.e., 1 equity share of Re 1 each for every 5 equity shares of Re 1 each," the company said in an exchange filing.

The decision comes in light of a recent instance of wide price movement in Sensex call option of 67,000 strike on September 8, on account of Stop Loss Market Order (SL-M) without due price protection. Due to a market order, the premium that was trading at Rs 4-5, shot up to Rs 209 for a few seconds, and a lot of traders faced losses due to this, Jain said

Kotak has increased weights by 20 bps on Britannia Industries and GCPL to 1.5% each while reducing weight on Macrotech by 40 bps to 1.5%, it said in a note. A sharp increase in profitability over 2HFY23-1QFY24 has sustained valuations of consumption-related stocks despite volume growth remaining "fairly disappointing", the Kotak note said.

JPMorgan will include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) from June 2024, the Wall Street bank said on Friday.The inclusion, a first for the country, could lead to billions of dollars of inflows into local currency-denominated government debt and bring down bond yields, while also providing some support for the rupee.However, there is little direct impact expected on the equity markets.

The company said on Thursday Dalal was resigning to pursue other opportunities after more than two decades with the company, and will be replaced by Aparna Iyer, also a 20-year veteran who was most recently senior vice president and CFO of Wipro's cloud services unit.

The correction which Nifty has seen in the last three trading sessions has been led by financials. This time it is the private banks which led teh decline. The fact is that the financial services sector, including private banks, is a sector which tends to lead the market in both directions. Whether it is upward or southward movement. The reason, high ownership of foreign portfolio investors ( FPI ) in the majority of these stocks. In the last few weeks of correction, these stocks have been more of a stabilizing factor as they moved in range bound and some of them, especially banks have led the recovery. Will do the same in the last quarter of this calendar year is a big question.

As and when Tesla starts a manufacturing base or supply chain in India, it would usher in promising growth for Indian auto component manufacturers. However, to meet Tesla's stringent standards, domestic manufacturers may need to elevate their capabilities, potentially incurring higher costs but fostering innovation.

Glenmark Pharmaceuticals has entered into a definitive agreement with Nirma to divest a 75% stake in Glenmark Life Sciences for Rs 5,651.5 crore, at a price of Rs 615 per share, the company said in an exchange filing.

At a time when Nifty50 delivered only 2.5% returns post Q1 of the financial year 2024 (1st July - 20th September 2023), several penny stocks have rallied 130-410%. As per Ace Equity data, here's a list of the top 10 penny stocks that have delivered up to 410% returns:

The decision is the latest sign of India’s growing appeal to international investors as the country’s economic growth outstrips peers, its geopolitical influence grows and global companies including Apple Inc. look for alternatives to China.

Short-term traders can look to buy the stock for a target of Rs 500 in the next 2 months, suggest experts.

At a time when Nifty50 delivered only 2.5% returns post Q1 of the financial year 2024 (1st July - 20th September 2023), several penny stocks have rallied 130-410%. As per Ace Equity data, here's a list of the top 10 penny stocks that have delivered up to 410% returns:

In the last two years, a large number of companies in the retail sector got listed. They are not typical retailers who sell a gamut of products in large scale store format. They are specialized chains which deal in one product, it could be watches or clothes or pharmaceutical products. Majority of new companies in the retail segment are making the word “retailer” redefined and street is noticing some of them.

Sensex rises over 150 points; Nifty nears 19,750; IOB jumps 4%, Glenmark Pharma drops 3%.

The issue comprised fresh issuance of equity shares worth Rs 1,200 crore and an offer for sale (OFS) up to 1.35 crore equity shares. The IPO was priced in the range of Rs 119-126 per equity share.

The midcap and smallcap segments of the stock market have seen significant gains in the past six months, outperforming the Nifty 50 and Sensex benchmarks. An analysis of stocks with a market capitalization of at least Rs 1,000 crore identified 10 companies that have delivered high returns but are still trading below the industry average price-to-earnings (P/E) ratio. These stocks include Suzlon Energy, Kalyan Jewellers India, Amber Enterprises India, Whirlpool of India, DLF, Brigade Enterprises, Godrej Properties, and Chalet Hotels.