State Bank of India (SBI) plans to sell over INR 960 billion ($12.9 billion) of distressed loans to asset reconstruction companies. The country’s largest bank prepared a list of 331 accounts, including loans to Future Group, Anil Ambani-promoted firms, Videocon Group and Jaypee Group, among others.

Favourable analyst re-rating, anchored in the 'core' focus at M&M, had helped the stock gain 93% in the past two years, compared with a 20% climb for the Nifty 50 over the same period.

On June 30, promoters and promoter groups, including Khericha, Kumar, Chartered Capital, Saphire Finman Services LLP, and Hitoshi Matsuo, sold around 37.8 million shares representing 24.21% of TD Power in the open market. Promoters, who held a 58.5% stake in the company before the transaction, now hold 34.30%.

The company, which develops and operates hotels and resorts, is undergoing an in-court resolution process and more than 1.5 million financial creditors (timeshare subscribers) will be voting on these plans in the next couple of days to decide the successful resolution applicant.

​​ACC, Sun Pharma, TCS, Tech Mahindra, HCL Technologies, Atul, Jubilant Food, IDBI Bank and Metropolis are good buying opportunities at current levels, said analysts.

Domestic investors' shares in NSE listed companies declined to 25.50% of total equity value on June 30, after increasing for six quarters in a row, showed data from primeinfobase.com.

According to an ET Poll of 15 respondents, at the end of its August 8-10 meeting, the RBI's Monetary Policy Committee is seen keeping the repo rate unchanged at 6.50% and maintaining its prevailing stance of withdrawal of accommodation.

Since the last Monetary Policy Committee meeting in June, facts have changed thick and fast. Do the economists on the MPC take a leaf out of Keynes or latch on to central bankers' catchphrase during uncertain times - 'data dependent'?

It all points to evidence that local-currency bonds, which have been the standout trade in emerging markets this year, are now facing tougher competition from stocks. While investors including Bank Julius Baer & Co. and Brazil's Legacy Capital argue that there's still money to be made in debt markets, bigger gains will come from stocks.

The private sector bank hit a record high of Rs 143.35 on January 16, 2023, but it failed to hold on to the momentum. The stock found support above Rs 120 levels before bouncing back.

Ambani, 66, will cross the company law-mandated 70 years age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar.

Indian equities on Friday saw some recovery after a relentless sharp sell-off for the last three days given the weak global cues. Nifty at the close-ended 0.7% higher at 19,517. The recovery in the market was led by gains in index heavyweight Reliance Industries and HDFC Bank. Sectorally, Nifty FMCG, PSU Bank and Auto ended in the red, while all other indices gained. Meanwhile, broader markets also posted gains. Nevertheless, on a weekly basis, Indian equities saw a drag, with the Nifty index tumbling 0.66%.“Nifty is likely to be in a sell-on-rally mode until the 19660 level gets taken out decisively. Although options data for calls and puts are evenly distributed, the ferocity of the fall has made the index biased turn towards the downside barring the level mentioned. For Bank Nifty, the level to watch out for is 45550, until this gets taken out, all rallies will get sold into just like Nifty. Once these levels get taken out, a short covering rally can start in the Indexes once again back to the 20,000 and the 46500 levels,”Rahul Ghose, Founder & CEO – Hedged, said.Here are stock recommendations for Monday:

“The new entity is expected to unlock value for shareholders and give them an opportunity to be a part of a new growth platform,” Reliance’s billionaire chairman Mukesh Ambani in his message to shareholders in the annual report for the financial year that ended Mar. 31.

Indian equities on Friday saw some recovery after a relentless sharp sell-off for the last three days given the weak global cues. Nifty at the close-ended 0.7% higher at 19,517. The recovery in the market was led by gains in index heavyweight Reliance Industries and HDFC Bank. Sectorally, Nifty FMCG, PSU Bank and Auto ended in the red, while all other indices gained. Meanwhile, broader markets also posted gains. Nevertheless, on a weekly basis, Indian equities saw a drag, with the Nifty index tumbling 0.66%.“Nifty is likely to be in a sell-on-rally mode until the 19660 level gets taken out decisively. Although options data for calls and puts are evenly distributed, the ferocity of the fall has made the index biased turn towards the downside barring the level mentioned. For Bank Nifty, the level to watch out for is 45550, until this gets taken out, all rallies will get sold into just like Nifty. Once these levels get taken out, a short covering rally can start in the Indexes once again back to the 20,000 and the 46500 levels,”Rahul Ghose, Founder & CEO – Hedged, said.Here are stock recommendations for Monday:

Pune-based Bank of Maharashtra posted the highest NIM of 3.86 per cent, followed by Central Bank at 3.62 per cent and Indian Bank at 3.61 per cent during the quarter.

“The new entity is expected to unlock value for shareholders and give them an opportunity to be a part of a new growth platform,” Reliance’s billionaire chairman Mukesh Ambani in his message to shareholders in the annual report for the financial year that ended Mar. 31.

Stocks that were in focus include names like Cipla which hit a record high and closed with gains of nearly 4%, Zomato rallied over 10% and Info Edge closed with gains of nearly 8% with a rise in volumes on Friday.

The average fixed deposit rate hit the highest peak of around 9.10% in the last 10 years. Interestingly, 9 out of the 10 worst-performing mutual funds have managed to meet or beat these returns. For the purpose of this study, ETMarkets assumed monthly SIPs of Rs 1000 over the last 10 years. (Source: ACE MF | Ritesh Presswala)

The RBI is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist. The interest rate is likely to remain stable in the near term, experts said

Calculating the PEG ratio is a complex process and comes with its own set of challenges. The challenge with PEG ratio is the quality of the earning forecast and given that in an ever changing macro environment , even the best of the forecast for any business can go wrong which may impact other elements which lead to some unexpected changes. However, even with these challenges, it is worth looking at PEG ratio before taking a long term investment decision.

Pharma stocks had been underperforming for a very long time. Some time USFDA issues, at other instances of pricing pressure in US markets have been troubling the sector. However some tailwinds have emerged recently, shortage in some segments in the generic market in the US have led to sharp spikes in prices. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results

Even though the first half of the year has been muted for IPOs, the second half has more than made up for the lull in terms of a number of issues and also listing gains. As many six companies made their debut on the exchanges, and almost all of them delivered solid listing gains to investors

From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS), HDFC Bank and Infosys witnessed addition in their market valuation.

According to the data with the depositories, Foreign Portfolio Investors (FPIs) withdrew a net sum of Rs 2,034 crore from Indian equities during August 1-5.

While nifty last week witnessed corrective movement, the overall trend is still bullish and so are the risk levels. In such times, it would be better that while looking at stocks one should also focus on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or "strong buy".

Plenty of data to be announced by the US this week including those on trade balance, CPI, initial jobless claims, wholesale inventories and consumer sentiments. The UK will declare industrial production, manufacturing production and GDP data. China will announce its FDI, CPI, producer price index (PPI) and trade balance data

Plenty of data to be announced by the US this week including those on trade balance, CPI, initial jobless claims, wholesale inventories and consumer sentiments. The UK will declare industrial production, manufacturing production and GDP data. China will announce its FDI, CPI, producer price index (PPI) and trade balance data

But Buffett has long said that those bottom-line figures can be misleading because of the big swings in the paper value of its investments from quarter to quarter when few of Berkshire's investments are actually bought or sold. Instead, Buffett recommends that investors focus on operating earnings to see how the more than 90 companies Berkshire owns are actually performing.

India's biggest domestic investor Life Insurance Corporation of India, has increased stakes across sectors like metals, chemicals, IT, consumption, and energy in the June quarter. Market data shows LIC ownership went up in at least 40 stocks while it trimmed holdings in 75 counters.

Here are 9 BSE500 stocks in which FIIs decreased their stake in the first quarter of this financial year. (Data Source: ACE Equity | Ritesh Presswala)

From a technical perspective, the high point of 19,991 has now become an intermediate top for the markets. In the process of retracement from higher levels, Nifty has also dragged its resistance down to 19,750 levels. This makes the zone of 19,750-19,900 a strong resistance area for the markets unless taken out comprehensively.

Next week starting August 07 would be crucial as RBI is set to announce its interest rate decision. There are other key global and domestic cues to watch out for next week. Watch the video to know more.

Earlier, the bank, in its disclosure filed with the stock exchanges on May 28, 2023, had communicated that its Board of Directors had approved an increase in the shareholding in ICICI Lombard in multiple tranches by up to 4%.

India, as a rapidly developing economy, is increasingly recognizing the need to adopt environmentally responsible practices and reduce carbon emissions. In line with this commitment, the National Stock Exchange (NSE) of India is exploring new avenues to deepen its product portfolio by venturing into the voluntary carbon credit (VCC) market and introducing electricity derivatives. These initiatives aim to catalyze sustainable investments and contribute to the country's ambitious decarbonization goals.

As Q1 earnings season picks up momentum more stocks from different sectors see an improvement in their analyst scores, it is important to be selective before being bullish when looking at stocks. The 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.

As an investor in Indian equity markets, you must not fret over the US downgrade by Fitch and focus on stocks that you own in your portfolio over anything else. Make sure that they are fundamentally sound and hold them with patience.

Vedanta stood at the top spot in terms of deal size with Twin Star Holdings selling stake worth Rs 3,983 crore. Copthall Mauritius, Societe Generale bought stakes worth Rs 2,194 crore and Rs 761 crore, respectively, in the metal major.

Foreign institutional investors (FIIs) are those institutional investors who invest in assets belonging to a different country other than where these organizations are based. Here are 10 stocks in which FIIs decreased their stake in the first quarter of this financial year. (Data Source: ACE Equity | Ritesh Presswala)

The narrative is that monsoon is a bad time for some sectors. Anything linked to construction, whether it is spending on infrastructure projects by the government or private spending on home building, comes down. This brings an element of cyclicality in some industries, right from cement to homebuilding products. However, sometimes, those cycles and narratives are an opportunity which can be utilized for long term investing.

Even when nifty has been correcting, the participation in the small cap segment high and breadth is better in most of the trading sessions. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting parameters like net margins and return on equity.

Vedanta stood at the top spot in terms of deal size with Twin Star Holdings selling stake worth Rs 3,983 crore. Copthall Mauritius, Societe Generale bought stakes worth Rs 2,194 crore and Rs 761 crore, respectively, in the metal major.

The company distributes packaged software applications such as breed software, technical expertise, management tools, enterprise resource planning, customer relationship management, analytics, and managed testing business solutions.

The IPO market euphoria is in full swing on Dalal Street, thanks to strength in the secondary markets. While two IPOs are already underway currently, 8 more are likely to hit the primary market in August. Here are 8 other IPOs that may hit the IPO mart in the month ahead.Watch!

Nikola forecast third-quarter revenue of USD 18 million to USD 28 million, compared with estimates of USD 34.5 million, according to Visible Alpha. The company said it expects 300 to 400 deliveries this year, up from between 250 and 350 it projected earlier.

Lloyds Engineering was the top gainer in the smallcap pack with nearly 44.54% return, followed by Digispice Technologies (40.04%), MPS (37.8%), and Optiemus Infracom (28.7%). About 7 stocks including Sanghi Industries, Jai Balaji Industries, and HCL Infosystems have offered returns over 25% during the week.

IRDAI has said that the exemption will only be with respect to holdings of the respective insurers as on June 30, 2023, and will be scaled down to the extent of sale of shares thereafter.

“Just like you stretch your spine backward to unwind after a forward bend pose, a combination of yoga, meditation, and mantras support your cognitive processes,” Amar Ambani, Group President, Head of Institutional Equities, YES Securities, said.

ITC is planning to list ITC Hotels in the next six to nine months, people familiar with the developments told ET. The next course of action is likely to be taken in the board meeting to be held on August 14, the people said. In a response to ET's queries, ITC did not comment on whether it plans to list ITC Hotels in the next six to nine months but cited an intimation to the stock exchanges from July 24 that states that the scheme of arrangement shall be placed for approval of the board at its next meeting to be convened on August 14.

IDFC First Bank is expected to see inflows of $200 million from global passive funds if included in the MSCI index. The stock has rallied nearly 48% so far this year. Power Finance, Ashok Leyland and Cummins India could see inflows of around $190 million each if these stocks are in the MSCI index.