U.S. stocks closed slightly higher on Monday as investors evaluated the impact of the Federal Reserve's recent rate cut. Gains were driven by comments from Fed officials and steady factory activity data. The Dow, S&P 500, and Nasdaq all saw modest increases, with energy stocks leading gains and healthcare stocks declining.

Stocks in news: Domestic markets started the week positively, gaining nearly half a percent. Key stocks in focus include Reliance Power, Coal India, AstraZeneca India, PNB, and Power Grid due to various developments such as equity issuance, joint ventures, and regulatory approvals.

Asian stocks rose on optimism about potential stimulus measures from China, following positive comments from Federal Reserve policymakers. Japanese, South Korean, and Hong Kong markets saw gains. Investors are also awaiting key US economic data later this week. Meanwhile, oil prices edged higher amid geopolitical tensions in the Middle East.

Short-term movements in emerging markets may be impacted by events in that particular country. But what makes the biggest difference to emerging markets is whether the global “risk on trade” is on – or not. With the US Fed having cut rates, there is a high probability that we might see a resumption of “risk on trade” – where the global risk appetite rises. This “risk on trade” was halted in the Indian market for the first three months of 2024. It briefly resumed in April, but again suffered a setback in May. It remains to be seen when it will resume. If one goes by market breadth, there are indications that the phenomenon is making a comeback. Keep an eye on liquidity and market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth and the Nifty stay positive, it is very likely that we might see more strength in mid-caps.

Select stocks gain momentum even in volatile markets.

Samvardhana Motherson International is nearing a breakout from a 2-month consolidation phase, having surged over 100% in the past year. Experts suggest that a close above Rs 208 could lead the stock to new highs around Rs 225. The stock is trading above key moving averages, indicating strong bullish momentum.

Punjab National Bank has launched a qualified institutional placement to raise up to Rs 5,000 crore at an indicative price of Rs 103.75 per share. The base deal size is Rs 2,500 crore, with the option to increase depending on demand. The bank's board has set a floor price of Rs 109.16 per share for the sale.

The benchmark S&P 500 and the Nasdaq opened higher on Monday as investors shifted their focus to comments from Federal reserve policymakers and economic data lined up through the week, following the central bank's decision to commence policy easing.

Indian indices hit new record highs for the third straight session, boosted by the US Fed's rate cut. Analysts remain positive on the market's outlook, with Nifty expected to rise towards 26,200. Support is at 25,700.

State-owned Punjab National Bank (PNB) on Monday fixed a floor price of Rs 109.16 per share for its share sale through qualified institutional placement (QIP). The bank had taken board approval last year for raising up to Rs 7,500 crore via share sale in one or more tranches during 2024-25.

Indian headline equity indices hit record highs for the third straight session on Monday, led by auto and banking stocks. The S&P BSE Sensex closed 0.45% higher at 84,928, while the NSE Nifty50 ended above the 25,900 mark."The short-term trend of Nifty continues to be positive. Nifty is now heading towards the upside target of 26250 (1.618% Fibonacci Extension) in the near term. Immediate support is at 25750," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:

The Supreme Court refused to interfere with the valuation exercise being conducted on Linde India by an NSE-appointed valuer in connection with a related-party transactions case. The SAT had earlier dismissed the company's plea against the valuation exercise.

Oman India Joint Investment Fund's arm on Monday sold shares of jewellery retail major Senco Gold for over Rs 75 crore through an open market transaction while ICICI Prudential Life Insurance picked up a stake in the company.

Auto components maker Samvardhana Motherson International on Monday said it has raised Rs 6,438 crore via issue of securities. The QIP issue garnered strong interest from both domestic and foreign institutional investors, leading to substantial demand over the issue size, it said in a regulatory filing.

The benchmark S&P 500 and the Nasdaq opened higher on Monday as investors shifted their focus to comments from Federal reserve policymakers and economic data lined up through the week, following the central bank's decision to commence policy easing.

The board has set the issue price at Rs 33 per share.

Benchmark BSE Sensex jumped 384 points to close at a new all-time high on Monday amid continued optimism over the US Fed rate cut and positive Asian markets.The broader Nifty rose 148 points, or 0.57% to close at a record peak of 25,939.05.

On Monday, India's benchmark index, the Sensex, surged by around 384 points, closing at 84,929. During this increase, six stocks in the BSE Sensex hit their highest prices in the past year. Reaching a 52-week high is significant as it reflects the peak price a stock has achieved over the last 12 months, providing valuable insights for traders and investors. This milestone is essential for evaluating a stock's current value and predicting future price trends.

Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter.

One Mobikwik Systems, which operates a platform business with a two-sided payments network consisting of consumers and merchants, plans to raise Rs 700 crore through the IPO.

Nifty formed a bull candle, closing higher by 148 points. The market is heading towards 26250. Immediate support is at 25,750. OI data shows highest call and put open interest at 26,000 and 25,800 strike prices, respectively.

Sensex and Nifty reached new record highs, driven by financial stocks and strong foreign fund inflows. Sensex closed at 84,928.61, while Nifty ended at 25,939.05. Key contributors included HDFC Bank and Reliance Industries. SBFC Finance shares rose 20% after an ICRA upgrade, and SpiceJet shares increased over 6% following a successful QIP.

Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Monday's trading session, five stocks saw significant short covering. Here's the list:

Sensex and Nifty reached new record highs, driven by financial stocks and strong foreign fund inflows. Sensex closed at 84,928.61, while Nifty ended at 25,939.05. Key contributors included HDFC Bank and Reliance Industries. SBFC Finance shares rose 20% after an ICRA upgrade, and SpiceJet shares increased over 6% following a successful QIP.

In today’s analysis, we have highlighted the best-performing stocks in smallcap funds for CY24. We have narrowed our search to include stocks held by at least five smallcap mutual fund schemes and those that have seen share price increases exceeding 100% this year. A total of 12 stocks met these criteria, showcasing significant growth. (Data Source: ACE MF, AE Equity).Smallcap funds invest at least 65% of the corpus in smaller companies. Sebi has defined small companies as those ranked above 250 in terms of market capitalisation.

Individual category traders made an average per person loss of Rs 1.60 lakh over the period of three years, reveals the study.

Sodhani Academy of Fintech Enablers Limited shares debuted on BSE SME at a 32% premium. The IPO was subscribed during September 12-17. The company's shares commanded a grey market premium of Rs 15 per share.

PN Gadgil Jewellers shares surged 10% after announcing plans to open 9 new stores during Navratri. The stock debuted with a 74% premium. The company is the second-largest organized jewellery player in Maharashtra.

The NSE, the biggest player of the Indian stock market ecosystem, is soon likely to be coming out with its initial public offering (IPO). There cannot be any doubt about the demand for its shares.The bigger question: Will the listing of the NSE have an impact on the valuation matrix of other players of the stock market and the mutual fund transaction ecosystem? Will the NSE listing push up their valuations? The answer to this question lies in understanding the business structure of these sets of companies.

he cryptocurrency market saw significant gains on Monday, with strong performances from Bitcoin, Ethereum, BNB, Solana, and Avalanche. As of 12:27 PM IST, Bitcoin was up 1.3% at $63,703, and Ethereum had risen 3% to $2,656.

Axis Securities initiated coverage on Skipper with a buy rating and a target price of Rs 600. The stock surged 16% following the initiation. The brokerage firm is positive on Skipper's strong order book, capacity, multi-year revenue visibility, large export market, and robust balance sheet.

Sectoral and thematic funds, especially in tech, healthcare, and pharma, are seeing strong inflows, with ₹18,117 crore in August. These funds allow investors to access high-growth industries benefiting from trends like digitalization and healthcare innovation.

Indian benchmark equity indices Nifty50 and Sensex hit record highs on Monday, lifted by expectations of increased foreign inflows after last week's rate cut by the US Federal Reserve fueled risk-on sentiment among investors. In today's trade, seven Nifty50 stocks reached new 52-week highs. Here’s the list:

Between January 2022 and August 2024, the Federal Reserve executed its most aggressive interest rate increases since the 1980s, raising rates by a total of 5.25 percentage points. Remarkably, the US economy demonstrated resilience in the face of this monetary tightening, remaining stable while the S&P 500 index saw a gain exceeding 20%.

Aadhar's focus on expanding its reach in existing markets and leveraging technology for efficient operations, along with its cost-effective branch expansion strategy, positions it well for sustainable growth.

European shares began the week on a cautious note as investors awaited key economic data. The STOXX 600 index remained steady. Notable stock movements included TotalEnergies rising after a new deal with Air France-KLM, while Commerzbank fell due to the German government's stake retention, and AstraZeneca dropped following disappointing trial results.

In FY24, seven companies reported double-digit sales growth compared to the previous year, while PC Jeweller saw a significant decline in sales, followed by Asian Star and Rajesh Exports. Tribhovandas Bhimji & Renaissance Global experienced slight downturns. Profit growth varied, with some companies achieving double-digit increases, others showing single-digit growth, and a few facing losses.

Diffusion Engineers' IPO opens for subscription on September 26 and closes on September 30. The company plans to raise Rs 158 crore through the sale of 94.05 lakh shares, priced between Rs 159-158 per share. Proceeds will fund expansion, a new facility, working capital, and general corporate purposes.

A host of brokerage firms have initiated coverage on several stocks. They are bullish on these companies, which include Va Tech Wabag, Ideaforge Technology, Lloyds Metals & Energy, and Ami Organics with a targeted upside of up to 50%. Here is a list of 6 stocks on which brokerages initiated coverage:

The addendum to the ACG PSA allows progress in exploring, appraising, developing, and producing Non-Associated Natural Gas (NAG) from the ACG field and is effective until the current PSA ends in 2049.

SpiceJet Share Price: SpiceJet shares surged by up to 6% after completing a Rs 3,000 crore Qualified Institutional Placement, attracting global investors. The airline aims to have 100 aircraft by the end of 2026 and plans to return its grounded planes to service. Additional funding will help enhance operations and fleet expansion.

Rohini Nilekani's smallcap portfolio acquired 8,13,375 shares, representing a 0.62% stake, at Rs 105.21 per share, according to NSE block deal data.

The global brokerage firm said that it expects both earnings momentum and importantly cash flow generation to continue. Additionally, it sees Glenmark as more of an India / RoW play as these two contribute >70% of its EBITDA.

Shares of Indus Towers rose 6.2% to a day's high of Rs 412.45 on the BSE after global brokerage firm Citi recommended buying the stock on dips, setting a target price of Rs 500 and maintaining a buy rating. Citi indicated that past dues from VI to Indus in Q2 FY25 should ideally increase quarter-on-quarter due to tariff hikes.

CFM became the sole creditor of VIPL after it acquired loans from lenders at Rs 1,265 crore in an all-cash deal in September last year. The company had a principal debt of Rs 2,800 crore.

Shares of Bharat Heavy Electricals Limited (BHEL) rose 3% to Rs 274 on Monday after the company secured a Rs 6,100 crore order from NTPC. BHEL announced in a filing that it received a Notification of Award (NOA) for the 1x800 MW Sipat Supercritical Thermal Power Project Stage-III from NTPC Limited.

This partnership marks a milestone in HFCL’s journey, as it becomes a key contributor to one of the world’s most sophisticated unmanned aerial vehicles (UAVs). The partnership anticipates development of critical sub-systems for GA-ASI’s current and future UAV platforms reflecting India's growing investment in advanced defence technologies, according to a release.

UPL, an agrochemical company, has rebounded after a significant decline and is showing signs of a bullish trend. Experts suggest short-term traders can target Rs 665 in the next 1-2 months. The stock recently broke out from an inverse Head & Shoulder pattern, indicating potential upward momentum.

Adani Total Gas Share Price: The financing will accelerate ATGL’s City Gas Distribution (CGD) network infrastructure development program and the expansion is expected to cater to over 200 million people covering 14% of India’s population.

Indian benchmark equity indices reached new record highs on Monday, led by gains in Bharti Airtel, M&M, and HDFC Bank. The BSE Sensex rose by 287 points to 84,831, while the Nifty50 increased by 100 points to 25,891. Optimism about a potential soft landing for the US economy fueled market sentiment.