Kotak said the company's decision to integrate all the 9 interconnected pipelines came as a surprise and that in combining the 9 networks, the lower volume divisor advantage gets offset by no additive tariff benefits

As of Monday, the conglomerate led by billionaire Gautam Adani has seen about $147 billion wiped off its market value after Hindenburg Research accused it on Jan. 24 of improper use of offshore tax havens and stock manipulation

​​​The Nifty IT index fell 1.95%. In the sensex pack, Tata Steel and Infosys were among top losers, falling over 2%, while Tata Motors and TCS lost close to 2%.

Fear gauge index India VIX shot up another 5% as selling was seen across sectors. Sectoral indices of IT, metals and media lost in between 2-4% each.

Closing Bell: Sensex extends losing run to 7th session, ends 175 pts lower; Nifty below 17,450; Adani Ent tanks 10%, Macrotech up 12%.

Over a fourth of BSE500 companies have fallen more than 30% in the past year and half of the index constituents are down over 30% from their 2-year highs

Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle's USD 143 billion Global Credit platform

The National Stock exchange or NSE recently got a green signal from SEBI to launch a SSE or Social stock exchange. But what is it and how does it work? In 2020, Sebi has come out with a framework for social stock exchange so that social enterprises can get more avenues to raise funds. Watch the full video for more on this.

Apart from the books, Gujral has written for US-based magazines and journals on trading and technical analysis. Before simplifying trading to investors and readers, Ashwani himself has been a full-time trader of stocks and derivatives since 1995.

The prime reason for the FPIs' sustained interest in the infrastructure stocks is the improving order prospects and revenue visibility of the companies. For instance, Larsen & Toubro, India’s largest infrastructure company, reported 14% year-on-year increase in prospective orders at Rs 4.9 lakh crore as of December 2022.

In the near term, "it's hard to think that there would be some development that would drive the Nikkei to regain 28,000", said Maki Sawada, a strategist at Nomura Securities, who expects the index to stick to its recent range around 27,500 this week

U.S. inflation data came in hotter than expected fuelling bets that the Federal Reserve will continue to raise rates. Headline price pressures in the eurozone have shown signs of easing recently, but worries lingered that inflation could be stickier than previously anticipated

Fear gauge index India VIX shot up another 5% as selling was seen across sectors. Sectoral indices of IT, metals and media lost in between 2-4% each.

During the proceedings, senior advocate Mukul Rohatgi representing ZEEL, submitted that insolvency was initiated against the media firm for being a corporate guarantor for a loan provided to Siti Networks.

​​The company's board has also approved issuing equity shares of $29.5 million on a preferential basis to Carlyle Aviation Partners as part of the proposed restructuring plan reached with the lessor.

It’s the best-performing stock in the NSE Nifty 50 Index with a 15% gain this year, pushing its market value to nearly $57 billion. Its climb has accelerated this month, as US short seller Hindenburg Research’s allegations against the Adani Group has made Adani Enterprises Ltd. and Adani Ports & Special Economic Zone Ltd. the index’s worst performers.

The consolidated revenue from operations increased 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in commerce business.

In the last month, while the nifty has corrected and bears have been having a field day, there are still some pockets where stocks have seen an improvement in their analysts' score. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Divgi is an automotive component maker, having 3 manufacturing and assembling facilities located across India. The company is one of the leading players supplying transfer case systems to automotive original equipment makers in India, and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.

The Relative Strength Index (RSI) is placed at 58.3. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its Center Line, but below the signal line.

Zomato 's Deepinder Goyal speaks about the company's path to profitability in a chat with ET NOW's Managing Editor Nikunj Dalmia. "Confident of 10x profit in five years and becoming a 100 bn dollar company by 2030," he said.

"Prestige Estates is well-positioned to benefit from solid traction in the residential real estate market owing to its leadership positioning in key metro cities. It is currently trading at an EV/EBITDA and P/B of 9.7x and 1.6x its FY2025E earnings which is lower than its comparable peers and below its Net Asset Value," Ronald Siyoni - Associate Vice President – Sharekhan, said.

In the meantime, the Adani Group has begun discussions with global credit funds to raise up to $400 million in debt against assets of a key coal port that makes up a large portion of the conglomerate's Australian exports of the solid fossil fuel from the controversial Carmichael mine, ET reported.

Shares of Adani Green have plunged more than 74% since the report was released and hit fresh 52-week lows. The quantum of losses have been similar or a little more for the other group companies.

This stock peaked in October of 2021. Thereafter, it has been forming a series of lower highs and lower lows, till it formed a double bottom at Rs 290. The price has now breached the rising trendline support and is expected to test its previous bottom. The price is sustaining below the trendline support which increases the likelihood of a breakdown.

From the Sensex pack, Tech Mahindra, Airtel, Infosys, Maruti and Tata Steel were the top laggards, falling over 1%. On the other hand, Asian Paints, Nestle, SBI, Titan are trading in green.

Bajaj Auto did not respond immediately to Reuters' request for comment on the Economic Times report, which said that the cut would reflect pressure in Nigeria, a key export market.

Amid weak global cues and stress over the trajectory of future rate hikes by central banks, the domestic equity market continued its downward trajectory of last week on Monday. While bank stocks showed resilience in morning, IT stocks were the worst affected.

The stock price of the diversified FMCG player hit a fresh record high of Rs 394 on February 23, 2023 but it failed to hold on to the gains and slipped towards Rs 384 on 24 February.

The next few weeks will be crucial for fundraising. If it fails, the issuer’s B- credit rating, already deep in the junk-bond category, could come under pressure, S&P said this month. Adani’s net debt pile of $24 billion may be three times as large as Agarwal’s, but his bonds are still rated at the lowest rung of investment grade.

From the Sensex pack, Tech Mahindra, Airtel, Infosys, Maruti and Tata Steel were the top laggards, falling over 1%. On the other hand, Asian Paints, Nestle, SBI, Titan are trading in green.

The third major sector, the Services sector, is expected to grow at 8.8 per cent in 2022-23, higher than pre-COVID average growth. The sector constitutes nearly 36 per cent of GSVA in 2022-23.

Indian equity indices opened lower, starting the week on a somber note amid weak global cues. Key economic data, including the GDP numbers that will be released later this week, and global cues will likely dictate the market trend going forward. The 30-share BSE benchmark Sensex declined 300 points or 0.52% at 59,157. The broader NSE Nifty dropped 90 points or 0.52% at 17,373.

Billionaire Sunil Mittal has sought a stake in Paytm. According to agency reports, Sunil Mittal has sought to fold Airtel Payments Bank into Paytm Payments Bank in stock deal. It is learnt that the telecom tycoon and founder of Bharati Airtel is eyeing Paytm stocks owned by other shareholders in the market - Bloomberg reported citing sources. ET NOW with all the details.

The S&P 500 Index is coming off its worst week since Dec. 9, as hotter-than-forecast inflation data boosted speculation that the Fed will lift borrowing costs several more times, potentially pausing in July. That’s a steeper path of policy tightening than investors were bracing for just a few weeks ago.

The next few weeks will be crucial for fundraising. If it fails, the issuer’s B- credit rating, already deep in the junk-bond category, could come under pressure, S&P said this month. Adani’s net debt pile of $24 billion may be three times as large as Agarwal’s, but his bonds are still rated at the lowest rung of investment grade.

China has manufacturing surveys and the National People's Congress kicks off at the weekend and will see new economic policy targets and policies, as well as a reshuffling of government officials.

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 Gujarat Gas and ONGC while Manoj Murlidharan has a buy/sell recommendation on Tata Motors and HDFC Bank for today's trading session. Check out the targets and stoploss.

The S&P 500 Index is coming off its worst week since Dec. 9, as hotter-than-forecast inflation data boosted speculation that the Fed will lift borrowing costs several more times, potentially pausing in July. That’s a steeper path of policy tightening than investors were bracing for just a few weeks ago.

Adani’s ports-to-power empire is seeking to shore up support after US-based Hindenburg Research in January alleged malfeasance, wiping nearly $150 billion off its stock market valuation. Adani Group has repeatedly denied those claims.

Stocks that were in focus include names like Mahindra CIE which rallied more than 15%, Macrotech Developers fell more than 10%, and Jindal Saw closed with gains of over 5% on Friday.

With the bulk of Federal Reserve aggressive rate increases already over, some of the world’s top investors predict the dollar will soon fall into a multi-year weakening trend. Such a shift stands to support emerging markets — and indeed propelled gains of nearly 9% in developing currencies from late October to early February.

Recent disclosures show that the Adani group promoters own 100% equity in the Australian port asset. People cited above told ET that the group has begun talks with several large high-yield global credit funds, and has so far received two indicative term sheets from potential lenders. "The group is trying to raise the funds against the cash flows of NQXT with an objective to upstream the funds for further payments elsewhere," said one of the persons cited above.

The company has entered into an advertisement agreement with Capri Global Holdings for 5 years starting from the first season of the Women’s Premier League T20 tournament.

Paytm’s management including its founder and CEO Vijay Shekhar Sharma are seen to be opposed to a strategic investor coming on board the company.

Under the new policy that was finalised a few weeks ago, the public-sector bank would give working capital as well as term loans to manufacturers of lab-grown stones against 100% collateral security and high internal rating of the borrower, said a person familiar with the bank's internal circular.

​Based on the rollover analysis and chart setup, we expect midcap IT, defence, and CPSE space to outperform with long build-up visible in names such as UltraTech, ONGC, Siemens, IGL and Polycab, and short build-up in banking, oil & gas, metals, auto, and real estate with stocks like M&M, JSW Steel, Jindal Steel, Hindalco, HPCL, Godrej Properties, DLF, and Canara Bank.

The stock price of the diversified FMCG player hit a fresh record high of Rs 394 on February 23, 2023 but it failed to hold on to the gains and slipped towards Rs 384 on 24 February.

The consortium's offer of ₹461 crore upfront with another ₹31 crore in equity in the company is likely to be declared as the top bid by bankers next week, following which it will be put to vote, people aware of the development told ET.

"ITC stock has been forming higher lows from the last three months, one such stock in this sector which is resilient in broader market weakness and amidst dampened global market clues," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.