With the IPO being oversubscribed more than thirty times, he got an allotment of shares worth over Rs 3 crore. On 23 July 2021, when the new-age stock debuted on exchanges at Rs 115 per share against the issue price of Rs 76 per share, he sent a mandate to his wealth managers to sell all his shares.

Following this, the Adani Group became the single largest shareholder in NDTV after first buying out a company backed by the founders and then acquiring more shares from the open market. “With mutual agreement, we have decided to divest most of our shares in NDTV to the AMG Media Network,” the Roys said in the release.

In Q2, the bank reported a nearly 50 per cent jump in its standalone net profit at Rs 151.74 crore in the quarter ended September 2021. The bank posted a profit of Rs 101.41 crore in the same quarter a year ago. Bank's provisioning for bad loans and contingencies raised substantially for the September quarter at Rs 474.95 crore as bad loans moved up.

Post the completion of this acquisition, Advent intends to explore the merger of its portfolio company, Cohance Lifesciences with Suven, to build a leading end-to-end CDMO and merchant API player servicing the pharma and specialty chemical markets, it said.

The strong credit growth and a major clean-up of the balance sheet drove public sector stocks, while the government’s push to increase spending on infrastructure and domestic manufacturing propelled the railways and defence sector outlook.

“The market selloff on Friday was the consequence of the cumulative impact of Covid fears, valuation concerns and margin calls in many momentum stocks. It is important to note that the 320 point cut in Nifty was caused on a day when DIIs bought heavily for Rs 3398 crores and FIIs sold only for Rs 706 crore,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Out of the cumulative Rs 11 lakh crore garnered till mid-December this year, funds totalling Rs 6.92 lakh crore were mopped up from the debt market, Rs 1.62 crore came from the equity market and Rs 2.52 lakh crore via the overseas route, data compiled by analytics major Prime Database showed.

Despite seeing a dent in earnings performance due to the spike in raw material prices and subdued international demand in 2022, shares of the country’s largest steelmaker have given positive returns for three consecutive years.

But Kuroda said wage growth will likely increase gradually due to intensifying labour shortages and structural changes in Japan's job market, which are leading to higher pay for temporary workers and a rise in the number of permanent workers.

For more than a decade, the stock has been taking support at a rising moving average followed by a breach of the intermediate falling trendline. In recent context, the stock is rising with the same characteristic,” he said.

Nifty looks set to end December on a negative note after 2.5% loss seen last week where the cuts were even sharper in the broader market. The weekly price action formed a bear candle carrying a lower high-low, indicating the extension of corrective bias. We have picked 6 buy-sell stock ideas for traders this week.

As we look ahead, the profitability of PSUs is shooting up across domestic as well as global cyclical with a turnaround in the fortunes of PSU Banks driving the overall trend. Higher commodity prices over the past two years have aided the P&L and balance sheets of Metals/O&G PSUs.

This year’s winners include shares linked to billionaire Gautam Adani and banks boosted by a sharp recovery in credit demand. Some of the biggest losers were shares of technology firms that languished following their public debuts and software outsourcing providers that faced concerns of a potential slump in overseas demand.

The S&P BSE Sensex fell nearly 1000 points on Friday while the Nifty50 managed to hold on to 17,800 levels.

The Indian markets faced a negative day on Friday, ending the day with sharp losses. Some defensive stocks though remained resilient

“The market selloff on Friday was the consequence of the cumulative impact of Covid fears, valuation concerns and margin calls in many momentum stocks. It is important to note that the 320 point cut in Nifty was caused on a day when DIIs bought heavily for Rs 3398 crores and FIIs sold only for Rs 706 crore,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Historical trends show that December has been a good month for Nifty with the index closing with a monthly gain for 80% of the time in the last two decades. This time, however, the index may end up on the other side as it has lost over 5% of its value so far in a month.

Tracking Asian equity markets, the Indian equity market kicked off the last week of 2022 on a firm note on Monday, led by gains in banking, financial and stocks. Sensex jumped 257.95 points to 60,103.24 in early trade. Nifty has risen 77 points to 17,883.80.

Motilal Oswal maintained its buy rating on Can Fin Homes with a target price of Rs 630, an upside of 29% from Rs 488 recorded on December 24. Re-rating is still contingent on CANF's ability to identify a successor. Robust franchise and follows a processes orientation approach which has served it well.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Rajesh Palviya has a buy/sell recommendation on Suven Pharma and Hero MotoCorp while Kunal Bothra has a buy/sell recommendation on Zee Entertainment and ICICI Bank for today's trading session. Check out the targets and stoploss.

Reliance Industries’ daily trend is bearish. Weekly RSI is around 47. Based on option chain analysis for the January series, the range is between 2500 and 2600. Let’s plan a trade around this for the January series.

The structure of the counter looks distorted as it has given a closing below the 200-SMA and is also trading below all its important averages. MACD and RSI are showing weakness and supporting the trend.

Appetite for risk taking was damped by concerns over China’s ability to cope after abandoning its Covid Zero policy. This was most evident in a drop in the Australian dollar, which is particularly sensitive to the outlook for demand in China.

The SGX Nifty 50 December futures is pointing to a slightly positive start for domestic equities on Monday. However, trade is expected to be subdued due to lower participation by foreign investors amid year-end holidays. Also, the rising COVID cases in China has unnerved investors, who are expected to remain on a sell mode. But here are some stocks which are expected to see some action in trade today.

Share India Securities’ board will meet for considering the proposal of raising funds by way of issue of one or more instruments including equity shares/convertible securities either by way of preferential issue/ rights issue.

Nifty created a deep red sea of 2.53% in the week ending on 23rd December 2022 which is seen after a continuous rise of six months. Such a big fall was seen in the mid-week of June 2022. All the sectors dived into the deep red sea giving nervousness to the portfolios of traders and investors.

Automakers are keeping an eye on potential dampeners such as a persistent high inflation, price increase on the back of regulatory changes and higher borrowing costs, notwithstanding a robust order book of nearly 750,000 units of passenger vehicles (PVs) as on November 30, said industry executives.

The external factors that pulled most global indices down in 2022, however, are expected to continue in 2023 — at least in the first half. So the investment tip for 2023 is simple: Buy stocks on dips and don’t sell them for at least 12 months.

The founders of NDTV, Radhika Roy and Prannoy Roy, will transfer 27.26% of their stake in the company to Adani Group-owned RRPR Holding. Consequently, Adani Group will hold 64.71% stake in the news broadcaster.

The founders of NDTV, Radhika Roy and Prannoy Roy, will transfer 27.26% of their stake in the company to Adani Group-owned RRPR Holding. Consequently, Adani Group will hold 64.71% stake in the news broadcaster.

​​The firm said it has been ‘gloom and doom’ for the domestic industry in the past few months because of high cotton prices and low demand for textiles and apparel in Western countries.

The resolution professional, Saurabh Kumar Tikmani backed by KPMG, invited lenders last week to vote on the resolution plans given by the PFC-REC team, Adani Power and Reliance Industries. The voting will end on December 30.

Chanda Kochhar and her husband Deepak Kochhar were arrested by the Central Bureau of Investigation (CBI) last week in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies. A special court in Mumbai on Saturday remanded both of them to CBI custody until December 26.

Central bank communications in India, too, have come a long way - from the semi-annual monetary policy statements in April and October to a bi-monthly monetary policy when India instituted a flexible inflation targeting regime.

The Santa Claus rally is a tendency of stocks to rise in the last five trading sessions of a calendar year and the first two of the New Year. Since 2011-12, the Nifty has gained on nine out of 11 occasions during this seven-day period, according to data compiled by ET.

"Going forward, we expect card expenditure to moderate further over the next couple of months due to the end of festive season and inflationary impact on consumer spending," said Bunty Chawla, analyst, IDBI Capital.

Why is that so? For a start, defensive stocks should protect downside risks in a global environment that even the surest of soothsayers wouldn't describe as predictable. Then, valuations in India aren't cheap by any stretch of imagination, which puts territorial limits on how far the investing equivalent of explorers would go.

The stock gave a breakout from a Symmetrical Triangle pattern on the daily charts earlier in December 2022 around Rs 440 levels which opens room for the stock to head toward Rs 500 levels and make a new record high. Short-term traders can look to buy the stock now or on dips for a possible target above Rs 500 in the next 6-7 weeks, suggest experts.

​Technically, having closed at an 8-week low, Nifty formed a bearish candlestick pattern on weekly time frame with crucial support at 17,650-17,680. A breakdown below this zone could attract further selling pressure towards the 200-DMA at 17,200-17,250, while resistance on the upside is seen at 18,050-18,100.

By Abhishek Mukherjee New Delhi, Dec 25 (PTI) After a two-year liquidity-fuelled bull run, the BSE Sensex faced its moment of reckoning in 2022 as Russia marched into Ukraine, the US Federal Reserve came out all guns blazing in its war against inflation and a cataclysm engulfed global financial

From the options front, sharp decline post Fed meet has resulted in heavy Call writing at ATM and OTM strikes. While the put base is at ATM 18,300 strike, Call bases are much stronger at 18,400 and higher strikes. Hence, a move above 18,400 should be looked for fresh longs in the index.

Amid worsening global sentiment, Indian indices tumbled sharply on Friday. Nifty slid below 17,800 level and Nifty Midcap 100 was down by 4%."A sea of red engulfed markets today with multiple headwinds deterring investors and such was the damage across sectoral indices that they literally waited for markets to shut for the day. The sheer speed with which the Sensex came back below 60K today clearly reflected the mood to be in cash with several participants facing margin calls due to marked-to-market losses,” S Ranganathan, Head of Research at LKP Securities, said.Here are 4 stock recommendations for Monday:

High dividend yielding stocks are not something which interests most investors. However in times like this, when stocks corrected across the board and cuts on individual stocks being deep, the importance of dividend yield is realized on the street. The reason, in a corrective phase, the high dividend yield stocks tend to fall less as compared to others as high dividend yield itself is good enough reason for every. For the purpose of this report, we had kept the dividend yield of at least 5.93 percent as a benchmark.

High dividend yielding stocks are not something which interests most investors. However in times like this, when stocks corrected across the board and cuts on individual stocks being deep, the importance of dividend yield is realized on the street. The reason, in a corrective phase, the high dividend yield stocks tend to fall less as compared to others as high dividend yield itself is good enough reason for every. For the purpose of this report, we had kept the dividend yield of at least 5.93 percent as a benchmark.

A lower-priced stock that displays a higher difference between the daily high and low over a period of time will be more volatile than a higher-priced stock that displays the same difference over the same period of time.

NSDL data shows FIIs have invested over Rs 7,200 crore so far in December. "FIIs are likely to turn cautious in the near term. Macro data from the US and Covid news will drive FII flows and the markets in the near term," said Dr.V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Apart from factors like rapid urbanisation and a rising population contributing to increased demand for affordable housing units in major Indian cities, investors too are making a beeline for residential and commercial real estate. With equity markets stagnating amidst increasing inflationary pressures, real estate investments are ramping up due to the attractive rental yields and the potential for further price appreciation.

Small caps are the first one to bear the brunt when the market corrects. However, if one takes care in terms of looking at their debt levels and other financial parameters while picking the stocks, risks come down significantly. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

"Despite correction in the markets, increasing concerns over re-emergence of COVID in some parts of the world and recession worries in the US, FPIs remained net buyers in the Indian equity markets (in December)," said Himanshu Srivastava, Associate Director - Manager Research, Morningstar India.

Reliance Industries' valuation tanked Rs 42,994.44 crore to Rs 16,92,411.37 crore. State Bank of India's market valuation tumbled Rs 26,193.74 crore to Rs 5,12,228.09 crore.