M&M, JSW Steel among 6 Nifty50 stocks that hit new 52-week highs on Tuesday - 2 months ago
Domestic benchmark equity indices reached new record highs for the fourth consecutive session on Tuesday, led by last week's U.S. interest rate cut and supported by gains in domestic commodities-linked firms after China announced new stimulus measures. In Tuesday's session, six Nifty50 stocks reached new 52-week highs. Here’s the list:
Economic Times

Western Carriers makes a subdued debut, but analysts are optimistic. Should you hold?Tata Steel Share Price - 2 months ago
The money raised from this new issuance will be utilized to pay down existing debt, invest in capital expenditures like commercial vehicles, containers, and reach stackers, with any leftover funds going towards general corporate needs.
Economic Times

Profit booking drags D-St lower; Nifty slips below 26K, Sensex ends flatIndian Energy Exchange Share Price - 2 months ago
Benchmark equity indices closed flat on Tuesday after hitting record highs. Nifty50 surpassed 26,000 and Sensex crossed 85,000 for the first time. Sensex slipped 14 points to settle at 84,914, while Nifty inched up by 1 point to close at 25,940. Sectors like Auto, IT, Pharma, and oil & gas ended in the green.
Economic Times

Northern Arc Capital makes a healthy debut at the bourses. What should investors do?Northern Arc Capital Share Price - 2 months ago
Northern Arc Capital, a retail loan provider, made a decent debut with a 33% premium. Shares are currently trading 23% higher than the IPO price. The company has facilitated over Rs 1.73 lakh crore worth of financing but has concerns regarding negative cash flow and high debt-to-equity ratio.
Economic Times

Arkade Developers shares fall post healthy listing. Should you book profits?Arkade Developers Share Price - 2 months ago
Arkade Developers Share Price: Arkade Developers made a strong debut, listing at a 37% premium. The IPO was oversubscribed 113 times. Shares are currently trading at a 33% premium. The company is a real estate developer focused on high-end residential projects in Mumbai
Economic Times

JTL Industries to consider stock split, bonus issue in upcoming board meeting, stock up 9%Vedanta Share Price - 2 months ago
​Prior to this, the company had issued bonus shares and carried out a stock split once. The former took place in September 2023 while the latter was done in the year 2021, according to the data available on Trendlyne.
Economic Times

Sensex covers 1,000 points in just 3 sessions to hit mount 85KUltraTech Cement Share Price - 2 months ago
Sensex hit a new high of 85,163.23 on Tuesday, gaining 1,000 points in just three trading sessions. This is the fastest rally since it breached 80,000. The market has been rising since September 19, following the US Fed's rate cut.
Economic Times

Power Grid shares rise 3% after winning inter-state transmission system project - 2 months ago
​Power Grid Share Price: The BOOT (Build-Own-Operate-Transfer) project method usually involves a private entity financing, building, and operating a project for a set period before transferring ownership back to the government or client. During the operational phase, the private entity generates revenue to recover its investment and profits, after which the project is handed over.
Economic Times

Powergrid shares rise 3% after winning inter-state transmission system projectPower Grid Corporation of India Share Price - 2 months ago
​Powergrid Share Price: The BOOT (Build-Own-Operate-Transfer) project method usually involves a private entity financing, building, and operating a project for a set period before transferring ownership back to the government or client. During the operational phase, the private entity generates revenue to recover its investment and profits, after which the project is handed over.
Economic Times

European shares jump on China stimulus; luxury stocks shine - 2 months ago
China's top financial regulators unveiled their biggest stimulus since the pandemic, saying they would cut bank reserves by 50 basis points while reducing mortgage rates.
Economic Times

Worried about over-valued market? Hunt for stocks in these 4 sectors - 2 months ago
Mid-sized private banks are currently an appealing prospect for value investors in the banking sector. These banks are showing significant growth in their lending activities, with many witnessing a 15% to 20% annual increase in loan books, while some even exceed 20%. This robust growth indicates a strong demand for credit.
Economic Times

IEX shares tumble 9% on reports of market coupling implementation by FY25Indian Energy Exchange Share Price - 2 months ago
Indian Energy Exchange (IEX) shares dropped by 9.4% amid news of potential market coupling for power exchanges, set to be implemented by the end of this fiscal year or early FY26. Market coupling aims to establish a single electricity price across trading platforms, challenging IEX's current market dominance.
Economic Times

Private bank stocks are outperforming PSU banks. Will the momentum last?State Bank of India Share Price - 2 months ago
HDFC Bank and ICICI Bank have spearheaded a resurgence in the private banking sector, with significant contributions from other major players such as Axis Bank, Kotak Mahindra Bank, Bandhan Bank, and IndusInd Bank. Over the past month, HDFC Bank's share price has increased by 8%, while ICICI Bank has seen an impressive 12% rally.
Economic Times

Bots rule D-Street: FIIs, prop desks made Rs 59,000 crore profit using algos in FY24 - 2 months ago
In the last fiscal year, proprietary traders and FIIs using algorithms made substantial profits (₹32,000 crore and ₹26,900 crore, respectively). A majority of FIIs and proprietary traders utilised algorithms, while only 13% of individual traders did so.
Economic Times

Mitsubishi UFJ Financial offloads 2% indirect stake in Tech MahindraVedanta Share Price - 2 months ago
​Mitsubishi UFJ Trust and Banking, Mitsubishi UFJ Asset Management (formerly Mitsubishi UFJ Kokusai Asset Management), First Sentier Investors (Australia) IM, First Sentier Investors (Australia) RE, First Sentier Investors (Hong Kong), First Sentier Investors (Singapore), First Sentier Investors (UK) IM and First Sentier Investors International IM are the companies that held shares in Tech Mahindra as of September 19.
Economic Times

Deccan Transcon Leasing shares list at 7% premium over IPO price on NSE SME platform - 2 months ago
Deccan Transcon Leasing's shares debuted on the NSE SME platform at a 7.4% premium, listing at Rs 116 against an issue price of Rs 108. The IPO was subscribed 74 times, with significant interest from investors. The company provides comprehensive freight and shipping services and plans to use the proceeds for capital expenditure and working capital needs.
Economic Times

Bullish & Selective is the right combination: 7 large-cap stocks from different sectors with upside potential of up to 42% - 2 months ago
As the Nifty approaches the 26,000 mark, the street will be divided into two sections. One section will think: With indices and stocks at such high levels, how much higher can they go? So forget about investing fresh money. The second lot will see that the index has momentum, and continue to pour in money. It is the second lot who have been winners in the past 10 years. After every correction, the market has moved upward and being bullish has paid off. There is, of course, no reason not to be bullish about India. But one would do well to be cautious and selective in terms of picking stocks. So, continue to be bullish, but be cautious and invest in a manner that short-term profit-booking moves don't make you anxious.
Economic Times

Japan's Nikkei posts 3-week closing high on Wall Street strength, dovish BOJJohnson Controls-Hitachi Air Conditioning India Share Price - 2 months ago
Japan's Nikkei share average rose to a three-week high, closing at 37,940.59, driven by Wall Street's gains and dovish comments from the Bank of Japan. Electronic component maker TDK led the rise with a 4.21% jump, while Tokyo Electron fell 0.93%. The broader Topix index also saw gains.
Economic Times

Popular Foundations shares list at IPO price on BSE SME platform - 2 months ago
Popular Foundation Share Price: Popular Foundations IPO included a fresh equity issue of 53.7 lakh shares, with the company aiming to raise nearly Rs 20 crore through the offering. The company offered shares at Rs 37 each, with a minimum bid of 3,000 shares per lot.
Economic Times

Emkay upgrades Paytm to add, raises target price to Rs 750One97 Communications Share Price - 2 months ago
Paytm has largely protected its merchant base (settled at 41 mn) and transitioned its user base (78mn, down in 1QFY25 from 100mn) to new partner banks which should now pave the way for the long-pending NPCI approval to onboard new users.
Economic Times

AstraZeneca Pharma shares rally 13%, hit 52-week high after receiving nod for cancer drug DurvalumabAstraZeneca Pharma India Share Price - 2 months ago
The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Economic Times

VIP Industries shares zoom 6% after Vijay Kedia picks Rs 40-crore stakeVIP Industries Share Price - 2 months ago
VIP Industries Share Price: Ace investor Vijay Kedia's Kedia Securities acquired a stake worth Rs 39.59 crore in VIP Industries, causing the company's shares to rise by 6% to Rs 589.95 on the BSE. Kedia purchased 7.25 lakh shares at Rs 545.97 each. VIP Industries is India's largest luggage manufacturer, with a significant portion of its equity held by public shareholders.
Economic Times

Osel Devices shares list at 24% premium over IPO price on NSE SME platform - 2 months ago
As one of the leading providers of cutting edge technology solutions, Osel specializes in creating transformative products that empower individuals, businesses, and communities to thrive in a rapidly evolving digital world.
Economic Times

Pelatro shares list at 38% premium over IPO price on NSE SME platform - 2 months ago
Pelatro's shares debuted on the NSE SME platform at a 37.5% premium, listing at Rs 275 against an issue price of Rs 200. The IPO was subscribed 14.91 times, raising nearly Rs 56 crore. Pelatro is a global technology firm with a Customer Engagement Platform called mViva, aimed at enhancing customer interactions for enterprises.
Economic Times

Envirotech Systems Leasing shares list at 90% premium over IPO price on NSE SME platform - 2 months ago
Envirotech Systems is a leading acoustic engineering organization specializing in noise measurement and control for industrial and commercial applications. Incorporated in 2007, the company has expanded its capabilities to include innovative acoustical product design and manufacturing.
Economic Times

About 25% stocks in smallcap space correct up to 60% this year. Is it a sign of a healthy bull market?Sanghi Industries Share Price - 2 months ago
Domestic markets have experienced a relentless bull run this year, with key indices reaching record highs driven by solid macro fundamentals and discussions about easing the interest rate cycle. The rally has been broad-based, including small-cap and mid-cap stocks trading near their 52-week peaks. However, around 25% of small-cap stocks in the BSE Smallcap index have faced price corrections in 2024, according to Ace Equity data.
Economic Times

BSE shares gain over 40% in a month. Still time to catch the wave? - 2 months ago
The stock is currently in a strong uptrend, forming a series of higher tops and bottoms. It has reached an all-time high at 4200, which further adds to the indication of a continuing bullish sentiment.
Economic Times

Waaree Renewable shares rally 5% as parent entity gets IPO nod - 2 months ago
Waaree Renewable shares surged to a 5% upper circuit at Rs 1,990 during Tuesday's trade on the BSE, following the approval of its parent entity, Waaree Energies, for an IPO. The solar PV module manufacturer received approval from Sebi for its IPO, which includes a fresh issue of equity shares aggregating up to Rs 3,000 crore and an OFS of up to 3,200,000 equity shares with a face value of Rs 10 each.
Economic Times

Unstoppable Bulls! Sensex crosses 85,000 for the first time, Nifty extends record run to 4th dayReliance Industries Share Price - 2 months ago
Indian benchmark indices Sensex and Nifty hit record highs for the fourth consecutive session, buoyed by the Federal Reserve's rate cut. Key stocks like Infosys and Reliance Industries saw mixed performances. Metal stocks surged due to China's economic measures. Experts highlight ongoing geopolitical concerns and market resilience.
Economic Times

Northern Arc Capital shares list at 33.5% premium over IPO priceNorthern Arc Capital Share Price - 2 months ago
Northern Arc Capital, a prominent non-banking financial company (NBFC) specializing in retail loans, achieved an impressive IPO response with a subscription rate of 117.19 times. Analysts highlighted that its commitment to serving underserved households and businesses positions it favorably in the competitive Indian retail lending market.
Economic Times

Arkade Developers stock debuts with 37% premium over issue priceArkade Developers Share Price - 2 months ago
Arkade Developers Share Price: Arkade Developers' shares debuted on the stock exchanges with a 37.4% premium, listing at Rs 175.9 on BSE and Rs 175 on NSE against an issue price of Rs 128. The company plans to use the proceeds for ongoing and future projects, acquisitions, and general corporate purposes.
Economic Times

Western Carriers shares list at 1% discount over IPO priceTata Steel Share Price - 2 months ago
Western Carriers Share Price: Proceeds from the fresh issue will be used to repay borrowings, fund capital expenditure towards the purchase of commercial vehicles, containers, and reach stackers, with the remainder allocated for general corporate purposes.
Economic Times

Top 10 smallcap stocks with the highest dividend yield over the past one year - 2 months ago
The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price. According to Trendlyne data, as many as 10 BSE Smallcap index stocks have paid up to a 38.4% dividend yield in the past one year. Here is the list:
Economic Times

Vedanta, Tata Steel and other metal stocks rally as China announces stimulusVedanta Share Price - 2 months ago
Shares of NALCO surged the highest, ie, 5% to day’s high of Rs 189.85, NMDC’s shares increased by 4.5% to Rs 225.45 while those of SAIL gained 3% to Rs 133.60.
Economic Times

GMR Power and Urban Infra shares rally 5% on Emkay's callEmkay Global Financial Services Share Price - 2 months ago
GPUIL’s thermal assets are operating at 80% PLFs on the back of domestic coal tie-ups, 90% supply through PPAs at reasonable tariff and peak power demand.
Economic Times

Reliance Power shares surge 5% as board approves Rs 1,525 crore preferential issueReliance Power Share Price - 2 months ago
R Power share Price: The proceeds from the preferential issue will be utilised to expand business operations directly and/or through investment in subsidiaries and joint ventures, debt reduction and for general corporate purposes, the filing said.
Economic Times

Bulls take a breather as Sensex falls over 100 points, Nifty slips below 25,950Vedanta Share Price - 2 months ago
The BSE Sensex was trading 125 points, or 0.14%, lower at 84,806, while the Nifty50 was down 18 points, or 0.07%, at 25,921 around 9:19 am.
Economic Times

Stocks to buy today: DLF, M&M among top 10 trading ideas for September, 24, 2024RBL Bank Share Price - 2 months ago
In options trading, the maximum Call open interest (OI) is at the 27,000 strike, followed by 26,000, and the maximum Put OI is at 25,500, then 25,000. Call writing is evident at 27,000 and 25,900 strikes, while Put writing is observed at 25,900 and 25,800 strikes.
Economic Times

Hot stocks: Brokerages on ONGC, Paytm, IIFL Finance and Ipca LabsOne97 Communications Share Price - 2 months ago
Emkay has upgraded Paytm to "Add" from "Reduce," raising the target price to Rs 750 from Rs 375. Easing regulatory pressures and optimizing expenses are expected to restore profitability. The loan distribution business is set to re-accelerate, while the broking and insurance segments are profitable. Emkay forecasts positive operating EBITDA for Paytm by Q4 FY25.
Economic Times

China's central bank cuts bank reserve rates, pledges other moves to help the economy - 2 months ago
The Chinese central bank has introduced measures to revive the economy, focusing on the property sector. These include cutting the reserve requirement for banks and reducing down payment requirements for second homes. Mortgage rates will also be lowered, benefiting millions of households and boosting share prices, especially for real estate developers.
Economic Times

Smallcap multibagger's 1:5 stock split record date tomorrow; last day to buy today - 2 months ago
Smallcap stock Swastika Investmart announced a 1:5 stock split in July, with September 25 set as the record date. This means today is the final day to purchase shares in order to qualify for the stock split before the ex-date.
Economic Times

Bajaj Holdings among 3 stocks to trade ex-dividend tomorrow. Do you own any?Maharashtra Scooters Share Price - 2 months ago
Bajaj Holdings and Investment, along with Adtech Systems and Maharashtra Scooters, will be in focus today. Bajaj Holdings declared an interim dividend of Rs 65 per share, with September 25 as the record date. The dividend will be credited around October 10. Adtech Systems and Maharashtra Scooters also declared dividends of Re 1 and Rs 110 respectively.
Economic Times

Bankers do a rethink on loans to Vi after SC rejection of AGR dues pleaState Bank of India Share Price - 2 months ago
The Supreme Court's rejection of Vodafone-Idea's curative petition on adjusted gross revenues has made banks hesitant to lend to the company. With liabilities now significantly increased, lenders are reassessing their positions. Private banks are cautious, while public sector banks may require a corporate guarantee from the Aditya Birla Group.
Economic Times

Big movers on D-Street: What should investors do with ONGC, Glenmark Pharma and Reliance Power?Reliance Power Share Price - 2 months ago
The domestic market saw a significant boost as the Sensex surged 384 points to a new high of 84,928, and Nifty reached a record peak of 25,939. Stocks like ONGC, Glenmark Pharma, and Reliance Power showed notable gains. Experts suggest monitoring these stocks for potential further upside based on technical and fundamental analysis.
Economic Times

Bajaj Holdings among 3 stocks to trade ex-dividend tomorrow. Do you own?Maharashtra Scooters Share Price - 2 months ago
Bajaj Holdings and Investment, along with Adtech Systems and Maharashtra Scooters, will be in focus today. Bajaj Holdings declared an interim dividend of Rs 65 per share, with September 25 as the record date. The dividend will be credited around October 10. Adtech Systems and Maharashtra Scooters also declared dividends of Re 1 and Rs 110 respectively.
Economic Times

Geopolitics is far more important than interest rates in US and Japan: JPMorgan CEO Jamie Dimon - 2 months ago
In an interview with ET, Jamie Dimon, CEO of JPMorgan, emphasized that geopolitics will shape the global economy more than finance. He highlighted the resilience of the US dollar and discussed interest rate movements in the US and Japan. Dimon also addressed geopolitical risks, oil prices, and India's economic progress under PM Modi's leadership.
Economic Times

F&O traders lose nearly Rs 2 lakh cr wealth in 3 years to March with just 7.2% profit rate - 2 months ago
Retail traders lost ₹1.81 lakh crore in futures and options trading over three years to March 2024, with only 7.2% making a profit, according to Sebi. The number of retail traders nearly doubled, contributing significantly to total turnover. Sebi plans to tighten rules to curb risky speculation among retail investors.
Economic Times

Fed cut effect! Sensex, Nifty zoom to lifetime highs as bulls run amok - 2 months ago
Indian equity indices reached all-time highs for the second consecutive day, driven by a global bullish trend following the US Federal Reserve's interest rate cut. Rate-sensitive sectors like banks, real estate, and auto saw significant gains. Investors are optimistic that the Reserve Bank of India will also reduce interest rates soon.
Economic Times

Sebi imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance caseReliance Home Finance Share Price - 2 months ago
The Securities and Exchange Board of India has fined Jai Anmol Ambani, son of Anil Ambani, Rs 1 crore for alleged irregularities in Reliance Home Finance. Sebi claims he failed to exercise due diligence in lending practices and approved unsecured loans. Last month, Sebi also barred Anil Ambani from the securities market for five years.
Economic Times

JP Morgan index inclusion boosts $18 bn flows into local bonds in 1 year - 2 months ago
Since JP Morgan announced the inclusion of Indian sovereign bonds in its global debt indices, foreign investors have injected ₹1.5 lakh crore into the local market. The Federal Reserve's recent rate cut may further boost these inflows, enhancing interest in Indian assets due to favorable economic fundamentals and a wider rate differential.
Economic Times