Indian mortgage lenders anticipate that new guidelines for the affordable home subsidy plan under the Pradhan Mantri Awas Yojana (PMAY) will plug fund leakages and ensure benefits reach more end-users. The scheme will now offer a reduced total subsidy of ₹1.80 lakh over five years, aiming to curb misuse by builders and brokers.

The health insurance sector is now the fastest-growing segment in the country's insurance industry, driven by rising healthcare costs and increasing awareness of the need for coverage.

The NSE Nifty dropped 2.12%, or 546.80 points, to close at 25,250.10. The BSE Sensex fell 2.10%, or 1,769.19 points, to close at 82,497.10. This is the highest fall in a day since August 5. Apart from JSW Steel and ONGC, all other Nifty stocks closed lower on Thursday. Both indices have declined over 3% in 5 sessions.

Japan’s MUFG has re-entered the race to acquire a majority stake in Yes Bank after its proposal to invest in HDB Financial was rejected. MUFG has submitted a non-binding offer and is conducting due diligence, negotiating mainly with Yes Bank and SBI.

Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analyses, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools – earnings, fundamentals, relative valuation, risk, and price momentum.

This packaged foods stock has been on a tear, surging over 120% in the past year to hit a record high of Rs 2,972 on October 1st. Starting at Rs 1,261 in September 2023, the stock's upward climb has been remarkable. A brief consolidation period in mid-September formed a "Flag" pattern, a technical indicator that often precedes further gains. This strong performance and bullish signal suggest the stock's rally may continue.

Reliance Power's board approves raising $500 million via unsecured foreign currency convertible bonds issued to affiliates of Värde Investment Partners, LP. This follows a recent Rs 1,525 crore fundraise. The funds will be used for business expansion, debt reduction, and corporate purposes. ESOS for employees has also been formulated.

Indian benchmark equity indices Nifty50 and S&P BSE Sensex fell sharply on Thursday, closing over 2% lower amid a host of factors including an escalating Middle East conflict. While the former tumbled by 547 points to close at 25,250, the latter finished at 82,497, down by 1,769 points."Nifty opened gap down and post a minor recovery it continued to drift lower to close deep in the red, down by 540 points. On the daily charts we can observe that Nifty has closed below the key 20-day moving average of 25,508 which is a sign of weakness. The daily momentum indicator has a negative crossover which is a sell signal. Thus, both price and momentum indicator suggest that the weakness is likely to continue," Jatin Gedia, Technical Research Analyst at Sharekhan saidSince the earlier target at 25,500 was hit downward, today, the next level is estimated at 24,800, this analyst said, while putting the upside at 25,600–25,550 from a short term perspective.Here are 2 stock recommendations for Friday:

On Thursday, India’s benchmark index Sensex recorded its third-largest drop of 2024, falling by 1,770 points to close at 82,497. Despite this sharp decline, four stocks from the BSE 100 index reached their 52-week highs. Hitting a 52-week high is significant, as it marks the highest price a stock has achieved in the past year, offering important insights for traders and investors. This milestone is crucial for assessing a stock's current value and forecasting future price trends.

Avenue Supermarts (DMart) reported 14% growth in standalone revenues for Q2 FY25. Total stores increased to 377. The company aims to add 45 stores in FY25. In Q1 FY25, DMart clocked 17% growth in net profit and 19% growth in revenues.

According to filings with the Securities and Exchange Commission, Gangwal bought the shares between September 30 and October 1, at prices ranging from $29 to $30 per share. This move aligns Gangwal's interests closely with those of Southwest's shareholders, strengthening his role in influencing the airline's strategic direction, say experts.

While investors in smaller Indian cities (beyond the top 30) are increasingly investing in mutual funds, they still represent just 19% of total assets under management. This suggests that although participation is rising, the average investment size from these regions remains lower compared to larger cities.

Aswath Damodaran argues that the Federal Reserve has less influence over interest rates than commonly believed. The Fed sets only the Fed Funds rate, and other rates are not directly indexed to it. This challenges the idea that the Fed controls borrowing costs across the economy.

BSE announced it will discontinue weekly derivative contracts on both Sensex 50 and Bankex from November 2024 in compliance with Sebi's new regulation to limit weekly expiries to one per exchange. Sensex weekly contracts will continue due to higher trading volumes compared to Bankex.

Foreign institutional investors (FIIs) offloaded Indian equities worth Rs 15,243.27 crore on Thursday, causing the S&P BSE Sensex and Nifty to drop by over 2%, despite robust buying from domestic institutional investors (DIIs), who were net buyers with purchases totaling Rs 12,913.96 crore.

Wall Street opened lower on Thursday after a moderate rise in jobless claims sparked worries about the health of the labor market, while cautious investors kept an eye on the Middle East for any escalation in hostilities.

Zaggle Prepaid Ocean Services stock has gained 28% in the past month and 51% in the past three months. The company's acquisitions and partnerships are expected to boost future growth. Analysts have raised EPS targets. Zaggle offers SaaS-based employee spend management services to corporates and has a diverse client base.

Blackstone Inc, the world's largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at least $10 billion, two people with knowledge of the situation said.

A bearish candle suggests further market weakness. Traders should "sell on rise" and only buy above 26,000. Key levels to watch are support at 25,000 and 24,750, and resistance at 25,500. Breaking below support could trigger more declines, while hitting resistance may limit any upward movement, according to Hardik Matalia of Choice Broking.

The 86-year-old Tata Group patriarch acquired a 1.33% stake in Upstox in 2016. Recently, the discount brokerage completed a buyback of 5% of Tata's shares in the company.

Warren Buffett's yen bond sale suggests he may be raising money to invest in Japanese financial firms and shipping companies. His previous investments in Japan were financed through yen bonds.

Indian market closed in the red on Thursday for the fourth consecutive day in a row. The S&P BSE Sensex plunged more than 1700 points while the Nifty50 closed below 25300 – hitting a fresh 2-week low.

The benchmark index Sensex has dropped around 2% from its 52-week high, while the BSE Smallcap index has slipped by 0.50%. However, a deeper look into smallcap stocks reveals that 9 of them have fallen over 50% from their respective 52-week highs (Data - as of the October 1st close) (Data Source: ACE Equity). Take a look.

Indian stock market witnessed a selloff, with 2,864 stocks declining. Hindustan Petroleum was the biggest loser, falling 7%. Other notable decliners included Godrej Industries, JM Financial, CarTrade, Dabur India, DLF and Suzlon Energy.

The benchmark index Sensex has dropped around 2% from its 52-week high, while the BSE Smallcap index has slipped by 0.50%. However, a deeper look into smallcap stocks reveals that 9 of them have fallen over 50% from their respective 52-week highs (Data - as of the October 1st close) (Data Source: ACE Equity). Take a look.

Warren Buffett’s Berkshire Hathaway has been gradually reducing its stake in Bank of America, with recent sales at lower prices compared to earlier disposals. The latest transactions fetched $338 million, marking a decrease from prior rounds, though Berkshire remains the bank's top shareholder with a 10.2% stake valued at over $31 billion.

The automobile sector led sectoral declines, falling 2.1% to its lowest in nearly a year. The sub-index was dragged by a 4.7% drop in Stellantis after Barclays downgraded the stock to "equal weight" from "overweight".

KRN Heat Exchanger had an impressive stock market debut, jumping 118% above its issue price after strong IPO demand of over 213 times. The stock continued to rise, trading at Rs 475.85 on the BSE. Analysts attribute the company's growth potential to its expertise in manufacturing fin and tube-type heat exchangers, adherence to international quality standards, quick turnaround times, and strong client relationships.

S&P BSE Sensex dropped by over 1,800 points, marking its third largest decline of 2024. This drop follows previous significant falls and is influenced by escalating hostilities between Iran and Israel, along with rising oil prices. Foreign institutional investors also contributed, pulling funds from Indian equities due to concerns over China's economic stimulus measures.

Indian indices plunged amid global market sell-off due to Middle East tensions. BSE Sensex fell over 1,800 points, and Nifty50 fell over 500 points. However, some stocks like ITD Cementation, Infibeam Avenues, Sarda Energy and Minerals, Petronet LNG, Angel One, and Jubilant Ingrevia were trading in the green.

At a time when the Nifty and Sensex are trading with cuts in excess of 1%, talking of buying stocks may not appear quite right. But corrections are part and parcel of the market, whatever the reason. They will keep happening at regular intervals. These corrections provide a buy opportunity from both a medium- and long-term perspective. Look for sectors where the market size is big, and the demand is secular in nature. Additionally, if they have emerged from a phase of consolidation, it means managements have learnt to weather the storm – also valuations will not be too high. At this point, it is the pharma sector which fits the bill.

A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend. In Thursday's trading session, five stocks saw fresh long positions. Here’s the list:

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Thursday's trading session, five stocks saw fresh short positions being built. Here's the list:

Hong Kong stocks fell as investors took profits after a six-session rally driven by Chinese stimulus measures. The Hang Seng index closed down 1.47%, with significant declines in property, financials, and technology sectors. Experts warn of a potential market boom and bust similar to 2015.

Over the past 12 months, KPI Green Energy has declared equity dividends totaling Rs 0.45 per share. With the current share price at Rs 839, the dividend yield stands at 0.05%. After accounting for bonus issues and stock splits, the adjusted dividend yield is 0.03%.

Starting a SIP is like planting a seed — it grows slowly at first, but over time, the magic of compounding works wonders. Let’s say you invest Rs. 30,000 as your SIP amount monthly without an annual increase in your SIP contribution. Assuming an annual return of 12%, it takes eight years to reach your first Rs 50 Lakhs. But, here comes the surprise: with the power of compounding, it only takes 4 years to achieve your second Rs 50 Lakhs and just three years for the third Rs 50 lakhs.

Berger Paints dropped 6% to Rs 582.8, while Asian Paints fell 4.4%. Kansai Nerolac, Akzo Nobel, and Indigo Paints also saw declines of up to 3%. Similarly, tyre stocks like Apollo Tyres, Balkrishna Industries, Ceat, Goodyear, JK Tyre, and MRF plunged by up to 4%. The fall in paint and tyre stocks is attributed to rising crude oil prices, as both sectors heavily depend on petroleum-based raw materials.

SBI Securities has recommended a 'buy' on MCX with a 12-month target of Rs 6,743.60, citing strong volume growth, improved fee transparency, a TCS software partnership, new product launches, and attractive valuation. MCX holds a 97.84% market share and ranks globally in commodity trading.

As tensions in the Middle East escalated with Iran firing more than 180 missiles into Israel, the repercussions were felt on Dalal Street, with the Sensex dropping over 1,300 points. Investors expressed concerns about the potential impact of the conflict on crude oil prices and global supply chains. However, for the 14 listed Indian companies operating in the troubled region, the overall impact may be limited.

India’s benchmark indices opened sharply lower on Thursday, with the Sensex tumbling over 1,250 points and the Nifty50 slipping below 25,500. This steep decline mirrored losses across Asian markets as investors scaled back risk due to the escalating Middle East conflict.

AMFI may grant RVNL and Suzlon Energy large-cap status in February 2025, according to early predictions by Nuvama Alternative Research. These two stocks, currently classified as mid-cap based on a threshold of Rs 27,500 crore, are expected to enter the large-cap category, which will have a cut-off of Rs 1 lakh crore based on current average market-cap levels.

A surge in Chinese stocks, boosted by government stimulus, is prompting global investors to reallocate funds from Japan and Southeast Asia back to China. Valuations remain attractive, with the MSCI China Index trading below its five-year average, signaling potential for further gains.

Nomura has initiated coverage on the 2 stocks with a buy rating and a target price of Rs 1,220 for JSW Steel and Rs 1,200 for JSPL.

Stock Market Crash Today: Benchmark equity indices fell sharply as Sensex and Nifty50 dropped amid increasing tensions between Iran and Israel. The equity market dip was exacerbated by rising oil prices, SEBI's tightening of F&O rules, and a potential outflow of funds due to the resurgence of Chinese stocks.

Investec upgraded Godrej Properties to 'Buy' with a target price of Rs 4,200, highlighting strong growth, diversification, and brand recognition supporting sustainable sales performance.

Stock Market Crash Today: Indian stock markets opened sharply lower on Thursday. Sensex dropped over 1,250 points. Nifty50 slipped below the 25,500 mark. This decline reflected losses in other Asian markets. Investors' risk appetite fell due to escalating conflict in the Middle East. Iran’s missile launch at Israel raised fears about oil supply disruptions, pushing oil prices higher.

The rights issue, opened on September 19, 2024, was priced at Rs 18 per share (including a premium of R 8 over the face value of Rs 10), said the company in its regulatory filing.

HSBC maintains a 'Buy' rating on ITC, raising the target price to Rs 580, citing its defensive appeal and strong earnings growth potential in the FMCG sector.

SEBI has introduced measures to curb risks in F&O trading, requiring upfront premiums, increasing contract sizes, and limiting weekly expiries to protect retail investors.

After peaking at around Rs 1,100, Tata Motors' shares have seen a 12% decline over the past month while consolidating in a range since February. In September, the stock faced pressure due to concerns about potential inventory build-up following price cuts of up to Rs 2.05 lakh on its popular cars and SUVs.