Sensex at 85K, Nifty at 26K: Analysts expect some correction from higher levels - about 2 months ago
Indian equity indices hit all-time highs with Sensex closing above 85,000 and Nifty above 26,000. Analysts caution about potential short-term hurdles but do not foresee a sharp sell-off. Broader market indices ended weak. Foreign portfolio investors net sold shares, while domestic counterparts bought significantly.
Economic Times

Stocks in news: SpiceJet, Puravankara, ASK Automotive, Adani Green, VedantaVedanta Share Price - about 2 months ago
Markets saw a volatile session on Wednesday but continued their upward trend. Key stocks in focus include SpiceJet, Puravankara, ASK Automotive, Adani Green, and Vedanta due to various developments. Notable actions include Societe Generale selling shares in SpiceJet and Puravankara acquiring land in Bengaluru.
Economic Times

S&P 500, Dow close lower as investors await insights on Fed rates, data - about 2 months ago
The Dow Jones and S&P 500 closed lower on Wednesday, retreating from record highs influenced by China's stimulus package. Investors are now awaiting economic indicators and potential interest rate cuts. The Dow fell 293.47 points, while the S&P 500 lost 10.67 points. Nine out of eleven S&P sectors declined, with energy stocks leading the fall.
Economic Times

Asian equities rally as soft Yen supports Japan: Markets wrap - about 2 months ago
Asian equities rose as a weaker yen and Beijing's stimulus measures bolstered Japan and South Korea's stock markets. Hong Kong futures also advanced, despite a dip in US-listed Chinese companies. The rally follows a week of gains, with investors eyeing further fiscal measures from China amid economic data releases across the region.
Economic Times

Higher the valuations, the longer checklist for wealth creation: 5 mid-cap stocks from different sectors with a potential upside of up to 32%" - about 2 months ago
Investing fresh money in the market? Or taking a relook at your portfolio to decide what to keep and what to sell? Remember this: Delink the Nifty’s movement from your portfolio. The Nifty touching a new high does not mean your portfolio also scales a new high. The reason is simple. It is not necessary that, in the short term, the mid-cap stocks in your portfolio are also moving higher. In fact, they could be under correction, and you may even feel you made a wrong decision in the past. Look instead at the underlying business. If that is fine, and the stock meets other basic criteria, then take a buy call. Or don't. Because sitting on cash when valuations are high is not a crime.
Economic Times

These large-caps have ‘Strong Buy’ & ‘Buy’ recos and an upside potential of more than 25% - about 2 months ago
It is often said the market tends to revert to its mean. That is about the stock market moving down to catch up on its averages, But in the last few years, the scenario has been different. The market moves to a new high, stays in range-bound mode, and then moves higher – making a new mean higher than the previous one. There will be phases when the markets will correct, and if one is looking to deploy fresh money, it would be better to put a major chunk into large-caps as there is still valuation catch-up which is likely to happen in this space. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy". The screener applies different algorithms for all BSE and NSE stocks.
Economic Times

Stock Radar: Havells India surges after 3-month lull to hit fresh highs; will the rally continue?Havells India Share Price - about 2 months ago
Havells India Ltd has broken out of a three-month consolidation phase, reaching a new record high in September. Experts suggest that the stock's rally is likely to continue, with short-term traders advised to target Rs 2,280 within the next 1-2 months. The stock is trading above key moving averages and shows bullish indicators.
Economic Times

India surpasses Japan to become 3rd largest power in Asia power index - about 2 months ago
India has surpassed Japan to claim the third spot in the Asia Power Index, marking a significant shift in the Asia-Pacific's geopolitical landscape. Launched by the Lowy Institute, the Index evaluates 27 countries using eight core measures. India saw a 4.2-point increase in economic capability, powered by solid GDP growth and its position as the third-largest economy in PPP terms. India's active role in defence deals, such as the BrahMos missile agreement with the Philippines, shows its growing influence in regional security. Watch!
Economic Times

Market Trading Guide: Tata Steel, Zydus Lifesciences among 5 stock recommendations for Thursday - about 2 months ago
Indian benchmark equity indices hit lifetime highs for the fifth straight session on Wednesday, buoyed by gains in heavyweight financials and energy. The S&P BSE Sensex rose 0.3% to finish at 85,169, while the NSE Nifty50 closed above 26,000."The near-term trend of Nifty continues to be positive. The market is exhibiting strong upside momentum with range bound action in between. The next upside levels to be watched around 26200-26300 (1.618% Fibonacci Extension). Immediate support is at 25800," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Thursday:
Economic Times

Sebi launches FPI outreach cell for seamless market access - about 2 months ago
Sebi has launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to enhance the experience of foreign investors in the Indian securities market. The cell will assist FPIs with documentation, compliance, and operational challenges, aiming to simplify the registration process and attract more foreign capital.
Economic Times

These 8 commodities stocks hit fresh 52-week highs; have rallied up to 30% in a month - about 2 months ago
On Wednesday, India's benchmark index Sensex climbed by approximately 256 points to close at 85,170. In this rally, eight stocks from the BSE commodities index reached their highest price in the past year. Achieving a 52-week high is important because it indicates the peak price a stock has reached over the last 12 months, offering valuable insights for traders and investors. This milestone is crucial for assessing a stock's current value and forecasting future price trends.
Economic Times

Ahead of Market: 10 things that will decide stock action on ThursdayZomato Share Price - about 2 months ago
Indian indices hit new highs for the fifth straight session, led by financials and energy, while small-caps declined. Nifty closed at 26,004, up 0.25%. Analysts remain positive on the market, with support at 25,800 and resistance at 26,200-26,250.
Economic Times

Wall Street mixed as investors await Fed rate clues, data - about 2 months ago
Wall Street had a subdued start on Wednesday, with investors awaiting further indicators on the state of the economy and potential interest rate reductions, a week after the Federal Reserve initiated its policy relaxation cycle.
Economic Times

Societe Generale sells shares worth Rs 47 crore in SpiceJet via block dealsSpiceJet Share Price - about 2 months ago
Societe Generale sold 74.15 lakh shares in SpiceJet through block deals, netting Rs 47 crore. Vikasa India EIF I Fund also sold 1 crore shares.--
Economic Times

NSE plans to triple colocation rack capacity to 4,000 at Mumbai HQ in 3 years - about 2 months ago
The National Stock Exchange (NSE) plans to expand its colocation data centre at its headquarter in Mumbai for trading members with an almost three-fold increase in number of racks to over 4,000 within the next three years, sources said on Wednesday.
Economic Times

Tech view: Nifty closes above 26k mark, near-term uptrend intact. How to trade tomorrowJM Financial Share Price - about 2 months ago
Nifty's minor positive candle with an upper shadow suggests a potential pause after its recent rally. The uptrend remains, but expect range-bound movement or a slight dip in the next couple of sessions. Key levels to watch are resistance at 26,250 and support at 25,800.
Economic Times

US stocks open subdued as investors await Fed rate clues, data - about 2 months ago
Wall Street had a subdued start on Wednesday, with investors awaiting further indicators on the state of the economy and potential interest rate reductions, a week after the Federal Reserve initiated its policy relaxation cycle.
Economic Times

Explainer: Here are key financial ratios to evaluate performance of banks - about 2 months ago
Banking and finance stocks have earned stellar returns over the past few years, thereby attracting retail investors. The sector index BSE Bankex has gained over three times since April 1, 2020, the year of pandemic, closely tracking similar gains in the benchmark Sensex.
Economic Times

Reality check: '1.1 crore Indians lost Rs 1.8 lakh crore in F&O', reveals SEBI - about 2 months ago
Did you know that a recent study by SEBI found that 1.1 crore traders lost 1.8 lakh crores in 3 years? As shocking as it sounds, Indian households are losing massive amounts of money due to futures and options trading. Let's see how much money people have lost lately and the reality of F&O trading. Watch!
Economic Times

Technical Breakout Stocks: How to trade M&M, Power Grid & Craftsman Automation on Thursday - about 2 months ago
Indian market recouped losses and hit fresh record highs on Wednesday. The S&P BSE Sensex rose over 250 points while the Nifty50 closed above 26,000 mark for the first time.The S&P BSE Sensex hit a high of 85,247 while the Nifty50 hit a record high of 26,032 in trade on Wednesday.
Economic Times

IEX, Vodafone Idea among 5 stocks with long unwinding - about 2 months ago
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, five stocks witnessed a long unwinding. Here's the list:
Economic Times

Vedanta board to meet on October 8 to consider fourth interim dividendVedanta Share Price - about 2 months ago
​The company has set as October 16 as the record date.
Economic Times

Bank stocks lose weight in Nifty as old world charm of industrials take overTata Consultancy Services Share Price - about 2 months ago
The weight of leading banks in the Nifty 50 index has decreased from a high of 32% in July 2023 to the current 27.7%, according to a Phillip Capital report. This underperformance is attributed to the subpar performance of HDFC Bank, the third largest stock by market capitalization in India.
Economic Times

Tourism sector: More than just hotels. 6 stocks from hospitality sector ecosystem with an upside potential of 11 to 46% in 1 yearSafari Industries (India) Share Price - about 2 months ago
Talk about the hospitality sector and there is a high probability that hotel stocks are what come to mind. But the hospitality sector is a whole ecosystem. Right from the tech player on whose platform a railway or airline ticket is booked, to the airport from which the flight takes off – all are part of the hospitality sector ecosystem. While it started with “revenge traveling” post-Covid, the hospitality sector now is more a play on higher disposable incomes and a growing economy, accounting for both domestic tourism and business travel. 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. SR+ Reports is a complimentary offering to ETPrime members.
Economic Times

Meta CEO Mark Zuckerberg enters the exclusive $200 billion club, becomes world's 3rd richest man - about 2 months ago
Mark Zuckerberg has joined the ranks of the world's wealthiest individuals, with a net worth of $200 billion. He is the third richest person, after Jeff Bezos and Elon Musk. Zuckerberg's wealth has surged by $71 billion this year, while Musk's has grown by $38.9 billion and Bezos' by $39.3 billion.
Economic Times

NTPC, Hindalco among 4 stocks that hit new 52-week highs on Wednesday - about 2 months ago
Indian benchmark equity indices Sensex and Nifty were trading largely unchanged on Wednesday as profit-booking near record highs offset the continued gains in commodity-linked stocks following China's stimulus plans. In Wednesday's session, four Nifty50 stocks reached new 52-week highs. Here’s the list:
Economic Times

Banking, energy stocks power Sensex to new heights; Nifty settles at 26K for first timeZee Media Corporation Share Price - about 2 months ago
Domestic benchmark indices Sensex and Nifty closed at fresh record highs on Wednesday, driven by gains in banking and energy stocks. Sensex rose 256 points to settle at 85,169, while Nifty added 64 points to end at 26,004. Despite the highs, market capitalization of all listed companies on the BSE declined by Rs 83,219 crore.
Economic Times

Nithin Kamath cites 4 reasons why Zerodha is not joining IPO bandwagon like other unicorns - about 2 months ago
Despite a Rs 4,700 crore profit in FY24, Zerodha has avoided an IPO. CEO Nithin Kamath cites reasons like market volatility, unpredictability of future events, and focus on long-term customer-centric decisions. Zerodha is building other verticals to diversify risks and is not in immediate need of funding. The company wants to avoid the burden of investor expectations and maintain its focus on long-term customer-centric decision
Economic Times

Bazaar Style Retail Q1 Results: Company posts Rs 42 lakh loss, revenue jumps 21% YoYKewal Kiran Clothing Share Price - about 2 months ago
Revenue from operations for the first quarter of the 2025 fiscal year was Rs 227.68 crore, down from Rs 275.80 crore in the same period last year. However, total income increased to nearly Rs 279 crore in Q1FY25, accompanied by a rise in expenses to Rs 268.8 crore from Rs 221.6 crore in the prior year's first quarter.
Economic Times

Meta CEO Mark Zuckerberg enters the exclusive $200 billion club, becomes world's 3rd most richest man - about 2 months ago
Mark Zuckerberg has joined the ranks of the world's wealthiest individuals, with a net worth of $200 billion. He is the third richest person, after Jeff Bezos and Elon Musk. Zuckerberg's wealth has surged by $71 billion this year, while Musk's has grown by $38.9 billion and Bezos' by $39.3 billion.
Economic Times

HEG shares rally 10% on announcing October 18 as record date for 1:5 stock splitHEG Share Price - about 2 months ago
HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.
Economic Times

Dabur shares drop 5% after UBS downgrades to 'Neutral' on valuation concernsDabur India Share Price - about 2 months ago
Shares of Dabur dropped 5% to Rs 622 during Wednesday's intraday trading on the BSE after global brokerage UBS downgraded the stock from 'Buy' to 'Neutral.' Despite this downgrade, UBS raised Dabur's target price from Rs 650 to Rs 700. The brokerage cited concerns over high valuations and potential risks to beverage sales growth, along with increasing competition from cola drinks and coconut oil brands
Economic Times

Can multibagger HUDCO, 5 other housing finance stocks maintain their winning run on these two tailwinds?LIC Housing Finance Share Price - about 2 months ago
JM Financial, in a recent note, emphasized the growth potential for financiers in the affordable housing sector. Citing a 2019 RBI committee report, they estimated a substantial Rs 58 lakh crore loan demand for housing, indicating a lucrative opportunity for lender
Economic Times

Aditya Birla Renewables raises Rs 2,500 crore through NCDsGrasim Industries Share Price - about 2 months ago
The company allotted 2,50,000 unsecured, listed, rated, redeemable NCDs of face value of Rs 1 lakh each on September 24, 2024, Grasim Industries said in a filing.
Economic Times

Every time is a time to be selective on the street: 4 small caps from different sectors with upside potential of 12 to 46% - about 2 months ago
On a day the Nifty and Sensex are trading in red territory, talking of small-caps – one of the riskiest segments of the market – might appear to be going in the wrong direction. But it is a day like this which serves as a reminder of two things. First: However strong a bull run may be, corrections are bound to take place. Second: In the end, it is the business – and the management which runs that business – which matters for earnings. And earnings are what matters on the street. So, if you are looking to invest in the markets, and especially in the small-cap segment, there has to be a checklist which, if followed, reduces the probability of making mistakes.
Economic Times

European shares slip as China-fuelled rally loses steam - about 2 months ago
European shares opened lower on Wednesday as the rally from China's stimulus package faded. The STOXX 600 index dropped 0.3%, with technology and oil stocks contributing to the decline. SAP fell 3.5% due to a U.S. investigation, while Valmet Oyj surged 9.2% after securing a major order in Brazil.
Economic Times

Zerodha bracing for big revenue hit for 5 reasons, time to pivot: Nithin Kamath - about 2 months ago
Zerodha's CEO Nithin Kamath announces a strategic pivot due to upcoming regulatory changes in the capital markets. Despite a 62% profit increase, the company anticipates revenue hits from new SEBI regulations, increased securities transaction tax, and changes in brokerage fees. Zerodha plans to diversify its offerings beyond derivatives.
Economic Times

EaseMyTrip shares sink 19%, hit 52-week low after promoter offloads nearly 3% stakeEasy Trip Planners Share Price - about 2 months ago
EaseMyTrip share price: Shares of EasyMyTrip, owned by Easy Trip Planners, dropped 19% after promoter Nishant Pitti sold a 2.7% stake. The company also launched a co-branded travel debit card with Bank of Baroda. The stock has declined by 9% over the last year and by 6.5% year-to-date.
Economic Times

IEX shares fall by 17% in two days on news of market coupling implementation by FY25Indian Energy Exchange Share Price - about 2 months ago
IEX Share Price: Market coupling, expected to be implemented by the end of this fiscal year or the start of FY26, aims to establish a unified price for electricity across different trading platforms. IEX, which currently dominates the power trading market with an 84% share, may face new challenges due to this change.
Economic Times

Multibagger Mazagon Dock shares caught up in rough seas. Should you buy the dip? - about 2 months ago
Mazagon Dock shares rose 125% over six months but fell 3% recently. Analysts suggest cautious trading, with resistance at Rs 4,700 and potential further declines towards Rs 3,500-3,400.
Economic Times

Hindalco, Tata Steel and other metal stocks rally up to 4%. Here's whyVedanta Share Price - about 2 months ago
Metal stocks like Vedanta, NALCO, and Tata Steel rose up to 4% as China's central bank announced economic stimulus measures. The People's Bank of China plans to lower borrowing costs and increase liquidity, leading analysts to be cautiously optimistic about a short-term rebound in metal prices.
Economic Times

Sensex's Journey from 75k to 85k: HDFC Bank, Bharti Airtel major contributors - about 2 months ago
On September 24, 2024, India’s benchmark indices, Sensex and Nifty, achieved new milestones, with the Sensex surpassing the 85,000 mark for the first time and Nifty reaching 26,000. In the recent 10,000-point rally of the Sensex, HDFC Bank, Bharti Airtel, Infosys, ICICI Bank, and M&M contributed more than 50%, or 5,700 points. The index, which rose by 13.16% from 75,000 on April 10 to 85,000, has outperformed markets in Japan, France, and China during this period, as reported by the Economic Times.
Economic Times

Zee Media Corporation shares jump 19% on fundraise plansZee Media Corporation Share Price - about 2 months ago
Zee Media Corporation's shares surged 19% to Rs 16.5 after announcing a board meeting on September 27, 2024, to explore fundraising options. The company plans to raise funds through various methods, pending necessary approvals. The stock has risen significantly over the past year, outperforming the Nifty index.
Economic Times

Zerodha traders sitting on Rs 1 lakh crore profit, we made Rs 4,700 crore in FY24: Nithin Kamath - about 2 months ago
Zerodha, India's second-largest stock broker, reported a 62% increase in profit to Rs 4,700 crore for FY24, with revenue rising 21% to Rs 8,320 crore. The firm also noted unrealized profits of over Rs 1 lakh crore among its traders. Regulatory changes may impact future revenue.
Economic Times

Microcap stock rally over 30% in two days after BofA Securities acquires 1.48% stakeReliance Power Share Price - about 2 months ago
Exxaro Tiles shares surged over 30% after BofA Securities acquired a 1.48% stake. The company plans a board meeting to discuss a potential stock split.
Economic Times

Reliance Power shares hit 5% upper circuit for 6th straight day, reach fresh 52-week high. Here's whyReliance Power Share Price - about 2 months ago
Reliance Power Share Price: Reliance Power shares hit a new 52-week high, reaching Rs 42.06 on the BSE after the board approved issuing up to 46.2 crore equity shares and/or warrants worth Rs 1,525 crore through preferential allotment. The funds will be used for business expansion, debt reduction, and general corporate purposes.
Economic Times

PC Jewellers shares rise 4% on considering stock split in upcoming board meetingEasy Trip Planners Share Price - about 2 months ago
In case the company proceeds with the decision of the stock split, this will be the first instance of the company doing so, according to the data available on trendlyne.
Economic Times

KRN Heat Exchanger IPO opens for subscription; GMP at 110%. Should you bid? - about 2 months ago
KRN Heat Exchanger's IPO is now open for subscription until September 27. The company plans to use the proceeds to invest in a new manufacturing facility and other corporate purposes. Analysts recommend subscribing due to the company's growth prospects and attractive valuations. The IPO price band is set at Rs 220 per share.
Economic Times

Coal India among 3 stocks showing RSI trending up - about 2 months ago
On September 24, three stocks from the large-cap pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below."RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
Economic Times