Binance US to delist digital asset tokens TRON, Spell - over 1 year ago
Binance US said the move was the result of a periodic review and that factors it regularly considers can include trading volume and liquidity, changes in a token's risk profile or evidence of fraud or unethical conduct, among others.
Economic Times

Tata Steel, Kotak Mahindra Bank among 8 stocks that jumped above their 200 DMAs - over 1 year ago
In the Nifty500 pack, these eight stocks closed above their 200 DMA (Daily Moving Averages) on April 11, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Economic Times

These bank stocks can give up to 45% returns - over 1 year ago
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

Adani Group adds over 22 lakh investors in Q4 despite controversies; trade analyst tells more - over 1 year ago
Despite controversies and unfazed by stocks falling, Investors show faith in Adani group. Retail investors hike stakes in all 9 listed Adani Group companies. Trade Analyst Avinash Gorakshakar shares his view.
Economic Times

Elon Musk says Twitter is roughly breaking even - over 1 year ago
Concerns over Twitter's stability have been widespread since the Musk deal. Among the mass exodus were many engineers who were responsible for fixing and preventing service outages, sources told Reuters.
Economic Times

Death Crossovers: HPCL among 6 stocks that signal bearishness on April 12 - over 1 year ago
In the NSE list of stocks, six stocks with a market cap of over Rs 1,000 crore have been witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. The 50-day SMA of these stocks crossed below their 200-day SMAs on April 11. Take a look:
Economic Times

Dalal Street extends gains ahead of key earnings, macro data - over 1 year ago
From the Sensex pack, Tata Steel, HDFC, ICICI Bank and HDFC Bank were the top gainers, rising about 0.5-1%. L&T, Asian Paints, UltraTech Cement and M&M also opened with gains. On the flip side, IndusInd Bank, Nestle, Kotak Bank, HCL Tech and Tech Mahindra opened with cuts.
Economic Times

Sensex flat ahead of macro data; Nifty holds 17,700; Adani Green gains 3% - over 1 year ago
Sensex flat ahead of macro data; Nifty holds 17,700; Adani Green, Venus Pipes gain 3% each; BHEL, Trident, Tata Steel are some of the top movers in morning trade.
Economic Times

Hot Stocks: Brokerages on Jubilant FoodWorks, L&T, SBI Life and Surya Roshni - over 1 year ago
JPMorgan maintained an overweight rating on L&T with a target price of Rs 2480. The capex cycle is trending strong. The global investment bank expects the FY24 core revenue guidance to be robust.
Economic Times

5 internet stocks that ICICI Securities suggest buying ahead of Q4 results - over 1 year ago
After a difficult third quarter, new-age companies in the B2C universe are likely to report underwhelming numbers in the fourth quarter too. However, B2B e-commerce is likely to continue its strong growth trajectory in the March quarter as businesses increase penetration and expand their digital footprint, according to ICICI Securities.The brokerage firm believes that stocks like Delhivery, IndiaMart and Nazara will provide good opportunities to investors. Here is a list of 5 internet stocks that ICICI Securities suggest buying ahead of Q4 results:
Economic Times

Nestle India announces interim dividend of Rs 27 per share - over 1 year ago
"Interim Dividend for the year 2023 will be paid on and from May 8, 2023, along with the final dividend for the year 2022, if approved, by the members at the 64th Annual General Meeting scheduled to be held on 12th April 2023," the company said in a filing to exchanges.
Economic Times

What is options scalping? Know all about it from a pro trader - over 1 year ago
Scalping or scalp trading. This technique may sound daunting, but is it as tough as it seems? Anyone who delved deep to know market techniques must have heard of this. In today's video, we will talk to a professional trader or a 'scalper' to learn more about this.
Economic Times

Stocks to buy today: 7 short-term trading ideas by experts for 12 April 2023 - over 1 year ago
“Options data suggests a broader trading range in between 17300 to 18000 zones while a shift in an immediate trading range in between 17600 to 17850 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
Economic Times

TCS Q4 results today: How stock may react and what's the best option trading strategy - over 1 year ago
Data of the last 10 years shows TCS has recorded a positive monthly return post Q4 earnings 50% of the time. Returns have varied from 1.8% to 21.3% during the positive months and -1.2% to -8.9% during the negative months.
Economic Times

Stocks in focus: Delta Corp, HDFC Bank and more - over 1 year ago
Nifty futures on the Singapore Exchange traded 8.5 points, or 0.05 per cent, higher at 17,795.50, signaling that Dalal Street was headed for flat start on Wednesday. Here are some stocks which are expected to see some action in trade today.
Economic Times

A logistic stock getting ready to make an up move and sideways option in one of India’s biggest wealth creator - over 1 year ago
The price of this company has been sliding lower since making a peak at Rs 820 in November 2022. Recently, the price was consolidating inside a falling parallel channel from which it has now given a breakout by surpassing its upper-trendline resistance. The breakout is supported by a rise in volume which increases the reliability of the breakout.
Economic Times

Buy or Sell: Stock ideas by experts for April 12, 2023 - over 1 year ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Bajaj Auto and Tata Motors while Nooresh Merani has a buy/sell recommendation on Tata Chemicals and Tata Motors for today's trading session. Check out the targets and stoploss.
Economic Times

Trader's guide: 2 PSU stocks for a short-term momentum trade with potential gain of more than 6 % - over 1 year ago
The markets remained range bound on Tuesday, even though the Nifty opened in the positive territory and ended the day with over a half-a-percent gain. The volatility in the markets continued to come down, indicating that such rallies should be used to book profit.
Economic Times

F&O Ban: Delta Corp under ban for trade on Wednesday - over 1 year ago
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Economic Times

Big Movers on D-St: What should investors do with TCS, ITC and Bajaj Auto? - over 1 year ago
Stocks that were in focus include names like TCS which was down more than 1% ahead of its results on Wednesday, ITC which rose nearly 2% to hit a fresh 52-week high, and Bajaj Auto which also closed with gains of over 2% on Tuesday.
Economic Times

Wells Fargo’s Harvey warns S&P 500 is set for a 10% correction - over 1 year ago
“In our view, equity downside will be driven by worsening economic conditions, a function of: aggressive monetary policy; potential capital/liquidity issues catalyzed by the bank crisis; and a consumer that is increasingly reliant upon credit to sustain spending,” Harvey and his team of strategists said in a note to clients Tuesday.
Economic Times

Asian stocks subdued ahead of US inflation data, Fed minutes - over 1 year ago
China shares were mixed at the open, with the Shanghai Composite Index up 0.1% while Hong Kong's Hang Seng Index lost 0.02%. Data on Tuesday showed China's consumer inflation in March was at its slowest since September 2021.
Economic Times

Fed's Harker wants interest rates to get above 5%, then sit - over 1 year ago
Recent inflation readings "show that disinflation is proceeding slowly - which is disappointing, to say the least," Harker said. The Fed targets 2% inflation which, by its preferred measure, is still running at about 5%.
Economic Times

US stock market: S&P 500 ends flat as inflation data comes into focus - over 1 year ago
"When you see cyclicals leading, that is saying that recession worries could be somewhat overblown," said Ryan Detrick, chief market strategist at Carson Group in Omaha. "That's a healthy sign, what you wouldn't expect to see if we were headed straight for recession."
Economic Times

Stocks in news: TCS, Delhivery, Delta Corp, HDFC Bank, Nestle, Venus Pipes - over 1 year ago
Domestic fund house PGIM India Mutual Fund has sold its stake in Sagar Cement, while ICICI Pru Mutual Fund bought shares through a block deal on Tuesday.
Economic Times

Derivatives market hints at rate cuts from January - over 1 year ago
Overnight indexed swap (OIS) rates, used to hedge interest-rate risks in Asia's third-biggest economy, are already pricing in policy rate cuts starting January, traders said. However, such reductions could even be advanced should global rates begin to head south this summer.
Economic Times

RIL readies $2.4-3b InvIT for retail warehousing assets - over 1 year ago
Reliance Industries Ltd is planning to implement an infrastructure investment trust (InvIT) to unlock value in its warehousing and logistics assets through Reliance Retail. The retail company has already created a trust called Intelligent Supply Chain Infrastructure Trust which will be used to house the warehousing assets to be monetised. The InvIT will either be listed or privately placed with at least five shareholders under SEBI norms.
Economic Times

India Inc's interest burden to cross pre-Covid levels by value: Ind-Ra - over 1 year ago
The rating agency expects the interest burden on corporates to surpass pre-Covid levels in terms of value, increasing 30% in FY24 compared to FY22, with the cost of debt likely to increase across all categories irrespective of the size of the corporate.
Economic Times

Co-lending rises over fourfold in FY23; assets cross Rs 25,000 crore - over 1 year ago
Co-lending amounts more than quadrupled in just about a year with banks declaring such portfolios of more than Rs 25,000 crore in FY23, with State Bank of India (SBI) and Bank of Baroda at the top of the leaderboard. In FY22, disbursements were nearly Rs 5,000 crore through co-lending partnerships.
Economic Times

Reliance Capital auction set for April 26 - over 1 year ago
The major concern of the bidders is the compliance of the resolution plan with the Insolvency and Bankruptcy Code (IBC) and Request for Resolution Plan (RFRP) guidelines. In the first round of the auction, the Hinduja Group firm submitted the bid post-auction date.
Economic Times

Kotak Mahindra Bank's weight in MSCI index likely to double - over 1 year ago
Ownership of foreign portfolio investors (FPI) in the bank has declined from 40.90% in the December 2022 quarter to 39.42% in the March 2023 quarter. As the shareholding is published before the MSCI price cut-off date for the May 2023 review, the weight increase is likely next month, said analysts.
Economic Times

Indices surge for 7th day, bank stocks lead rally - over 1 year ago
Banks and financials led the charge on Dalal Street that saw the Sensex reclaim the 60,000-mark, and the Nifty near its crucial resistance of 17,800 levels.
Economic Times

Retail investors hike stakes in all listed Adani companies after correction - over 1 year ago
Group's flagship company Adani Enterprises saw an addition of 493,000 new retail shareholders in the March quarter. Retail shareholding increased from 2.09% to 3.61% during this period, and the number of investors increased to 747,000.
Economic Times

Stock Radar: Power Grid could hit fresh record highs in 1-2 months; buy on dips - over 1 year ago
Most technical indicators suggest further upside and if the momentum continues, Power Grid stock could well hit Rs 250 levels in 1-2 months
Economic Times

S&P 500 inches higher ahead of inflation data - over 1 year ago
At 12:03 p.m. ET, Dow rises 136.25 points, the S&P 500 up 5.13 points and Nasdaq Composite slips 46.54 points
Economic Times

NY Fed report sees several more years of balance sheet contraction - over 1 year ago
In its annual report for its System Open Market Account for 2022, the New York Fed has outlined the path forward for the Federal Reserve, revealing that it is currently on a path to reduce the size of its massive holdings of cash and bonds. However, the Fed is expected to experience several years of negative net income. The bank's holdings, which stand at $8.7tn, are likely to drop to about $6tn by mid-2025. They will then grow back to $7.2tn by 2030. For now, the Fed has also increased bond buying to keep inflation at bay.
Economic Times

Stock Radar: Buy Power Grid for a likely target of Rs 250 in next 1-2 months, says Gaurav Bissa - over 1 year ago
"Power Grid stock has seen a breakout from falling trendline resistance on a smaller time frame. RSI has witnessed a small breakout which can push the stock higher," Gaurav Bissa, VP, InCred Equities, said.
Economic Times

Ace investor Ashish Kacholia buys nearly 2% stake in this multibagger stock via block deal - over 1 year ago
On Tuesday, Venus Pipes shares closed 0.52% higher at Rs 785 on NSE. So far this year, the stock has rallied 9.77%. The shares have given multibagger returns to investors in the last one year period, rising as much as 121%.
Economic Times

ICICI Pru MF picks up 4.6% stake in Sagar Cements in bulk deal - over 1 year ago
According to the bulk deal data available with the exchanges, PGIM India MF has sold about 60.3 lakh shares or 4.6% stake in the company, while ICICI Pru MF has lapped up the same number of units in open market transactions. The deal was executed at a weighted average price of Rs 183.10
Economic Times

How taxation will impact equity investments in 2023 - over 1 year ago
By understanding the impact of taxation on equity investments in India, investors can make informed investment decisions and optimize their returns while minimizing their tax liability.
Economic Times

Tiger Global sells another 1.6% stake in Delhivery via open market for Rs 388 crore - over 1 year ago
Post the above mentioned 3 transactions, Tiger Global’s holding has come down to a marginal 0.68%. This to an extent removes the overhang of any further selling by the foreign firm in the company.
Economic Times

These 4 commodity stocks touch a new 52-week high - over 1 year ago
On Tuesday, the Sensex benchmark index closed with a gain of 311 points, reaching 60,158. As part of this upswing, four stocks from the BSE commodities index attained their new 52-week highs, which is considered a crucial technical gauge for certain traders and investors. This metric aids them in evaluating a stock's current valuation and forecasting its potential price shifts, representing the highest price at which the stock was traded during the previous year.
Economic Times

Tiger Global sells another 1.6% stake in Delhivery vi open market for Rs 388 crore - over 1 year ago
Post the above mentioned 3 transactions, Tiger Global’s holding has come down to a marginal 0.68%. This to an extent removes the overhang of any further selling by the foreign firm in the company.
Economic Times

HDFC Bank to consider raising up to Rs 50,000 crore in debt over next 1 year - over 1 year ago
The fresh fundraising proposal comes ahead of the bank's merger with HDFC, which is expected to be completed by the end of the June quarter.
Economic Times

​Market Trading Guide: ICICI Bank, Bharti Airtel among 5 stock recommendations for Wednesday - over 1 year ago
Domestic equity indices rose for the seventh straight session on Tuesday, propelled by robust buying in metal, bank and financial stocks amid a firm trend in global equities and continuous foreign capital inflows. Sensex climbed 311 points to reclaim the 60,000 mark. As many as 21 stocks in the index ended in the green and 9 in the red. Investors awaited the key domestic CPI data, while keeping a tab on US CPI data. Nifty ended at 17,700 levels."Nifty is currently forming small-bodied Doji candles in its resistance zone, which signals consolidation before the next leg of the rally starts. Open interest data still suggests that the uptrend is intact and buying on dips is the strategy to be deployed," said Rahul Ghose, Founder & CEO – Hedged.Here are stock recommendations for Wednesday:
Economic Times

US stocks muted at open as investors await inflation data - over 1 year ago
Dow rises 0.23 point, S&P 500 opens higher by 1.18 points & Nasdaq Composite drops 4.11 points
Economic Times

Investors become richer by over Rs 12.56 lakh cr in 7 days of market rally - over 1 year ago
Equity investors gained over Rs 12.56 lakh crore in just seven days of the market rally amid constant foreign capital inflows and steady global trends. Supported by the ongoing rally, the market capitalisation of BSE-listed firms increased by Rs 12,56,510.59 crore to Rs 2,64,51,069.93 crore in seven days. The benchmark Sensex rose 2,544 points or 4.41% during the past seven days. With the market heading northwards, the optimistic signs, such as stable GST collections, mixed economic growth numbers, and status quo on interest rates from the RBI, are giving investors the ammunition to invest in domestic stocks.
Economic Times

Abans Holdings arm acquires PMS business of SATCO Capital Markets - over 1 year ago
Abans Holdings set up Abans Investment Managers as its subsidiary company to build investment products, fund management capabilities, and distribution support. The company has lately been focusing on the expansion of its investment management business as a key growth driver apart from its internal treasury operations and institutional broking, and this acquisition will only help in that direction.
Economic Times

ITC hits fresh all-time high. Will it breach Rs 400-mark on Wednesday? - over 1 year ago
Technically, the stock has moved in the range of Rs 318 to Rs 356 levels from September 2022 to January with volumes being quite low during this period. The price breached the consolidation phase at Rs 356 and moved upwards with high volumes to make an all-time high of 394 odd levels.
Economic Times

Tech View: Nifty charts hint at more upside ahead. What should traders do on Wednesday - over 1 year ago
Chartists said though Nifty is advancing gradually on the upside, its consistent up move above the hurdles signals more upside ahead. “A decisive movement above 17,800 levels is expected to open the next upside target of 18,200 levels in the near term. Immediate support is at 17,650 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Economic Times