IIFL Finance Share Price: IIFL Finance shares surged 12.3% after the Reserve Bank of India lifted restrictions on its gold loan business. The company can now resume sanctioning, disbursing, and selling gold loans, following compliance with relevant laws. The restrictions were initially imposed due to deviations in gold purity assessment and breaches in loan-to-value ratios.

The transaction is not complete yet with pending customary conditions like receipt of RBI approval and consents from lenders and shareholders’ approval. EQT will also invest Rs. 500 crore in the IndoStar Home Finance Company upon or shortly after closing of this transaction and the board of IHFPL has granted an in-principle approval for such infusion.

Sensex rose over 400 points and Nifty surpassed 25,500, with broader markets rallying as metal stocks gained significantly.

The Nifty futures closed up 0.43% at 25,506 on Thursday. Maximum Call OI is at 26,000 and 25,500, while maximum Put OI is at 25,000 and 24,500. Options data indicates a trading range of 25,000 to 25,900, with immediate support at 25,350. Analyst Chandan Taparia notes the index must hold above 25,350 for upward momentum.

Nomura has upgraded Vodafone Idea from neutral to buy, setting a target price of Rs 15. They believe the worst is behind us with the conclusion of the AGR overhang. The recent sharp correction and a strong industry outlook create a buying opportunity, as government support may significantly ease Vodafone Idea's funding gap.

State-owned Rail Vikas Nigam (RVNL), Cochin Shipyard, and the recently-listed Ceigall India are among 67 companies that are expected to attract attention today, as they have designated September 23 as the record date for their dividend payouts.

In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25% by a unanimous vote.

The Reserve Bank of India has lifted the restrictions on IIFL Finance's gold loan business, allowing the company to resume operations. The ban, imposed in March due to supervisory concerns, had led to a significant decline in IIFL's gold loan book and profits. The company can now comply with all relevant laws and regulations.

The US Federal Reserve's unexpected rate cut is unlikely to boost foreign investments in Indian equities due to high stock valuations, says Chris Wood of Jefferies. While other markets may benefit, India remains less attractive despite strong economic growth and infrastructure spending. Geopolitical risks and the US election outcome are key global concerns.

The Indian market reacted strongly to the US Federal decision to reduce the interest rate, with Sensex and Nifty reaching record highs. Indus Towers, Vodafone Idea, and HCL Tech saw significant movements. Analysts advise caution in purchasing these stocks due to various technical indicators and trends observed in their price actions.

India's stock market has historically performed well within three months and over three years following the US Federal Reserve's rate-cut cycles. However, performance six months to one year after the rate cut has been less impressive. Analysts suggest that improved global sentiment could boost Indian markets in the short term.

India's inclusion in global bond indices is expected to increase foreign investment in government bonds, potentially reducing banks' role in financing the Centre's debt. This shift may lead to a reduction in the statutory liquidity ratio over time, according to S&P Global economists.

Economic affairs secretary Ajay Seth sought to delink the Fed rate cut from any potential action by the Reserve Bank of India (RBI). The Fed has done what it feels to be the best for the US economy and the RBI will be guided more by the domestic reality, Seth said. Separately, chief economic adviser V Anantha Nageswaran said at an event that much of the Fed action was factored in by investors and its impact on India could be more muted than on other emerging economies, as the domestic market has already been generating a lot of investor interest.

But broader local gauges and tech counters tumble

Indian subsidiaries outperform foreign parents in revenue growth, profit margins, and market cap even as MNCs face a struggle to expand in low-growth developed markets

The US Federal Reserve has cut interest rates for the first time since March 2020, signaling a shift from monetary tightening to easing. This move is expected to impact global markets, including Indian equities, by potentially attracting foreign investments due to a weaker dollar and lower US bond yields.

Oil prices are set to end higher for a second consecutive week due to a significant U.S. interest rate cut and declining global stockpiles. Brent futures gained 4.3% this week, while U.S. crude saw a 4.8% increase. Rising tensions in the Middle East and weak demand from China also influenced prices.

“M&M stock is completing its fourteen weeks consolidation and all set to give a pole and flat pattern breakout. Traders can buy for a target of Rs 2950 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Stocks in news: Domestic markets remained almost unchanged in a volatile session. Reliance Infra plans to raise Rs 3,014 crore, NTPC approves Rs 9,701 crore investment, and SBI extends $50 million support to Maldives. RBI re-appoints V Vaidyanathan as IDFC First Bank CEO. Vodafone Idea faces scrutiny after a significant stock fall.

Former U.S. President Donald Trump has stated he will not sell his $1.7 billion stake in Trump Media, despite the expiration of restrictions. Other insiders, including United Atlantic Ventures and Patrick Orlando, may soon sell their shares. Trump Media's stock has seen significant losses recently, influenced by market conditions and political developments.

Wall Street traders are optimistic about the Federal Reserve's ability to achieve a soft landing, leading to a rally in riskier markets. The S&P 500 hit its 39th record high in 2024, with tech stocks leading gains. The Fed's recent rate cut has bolstered hopes of avoiding a recession.

As sector after sector benefits from the tailwinds of higher economic growth, many small- and medium-sized companies are making a comeback. Many of these are companies making industrial consumables. Their performance is based on real business – and not only because of the bull run on the stock markets. Many of them are not names heard on the street every day, as they don't deal in consumer-facing goods. So a company making graphite electrodes or abrasives, or a supplier of electro-minerals may not have been talked about as performers in the current bull run. But the fact is that they have given decent returns.

Select stocks gain momentum even in volatile markets.

M&M stock reached a high of Rs 3,013 in June but subsequently declined, finding support around 2,600 twice since. It recently rebounded from this level, and a sustained close above 2,800-2,850 could signal a breakout from a Flag pattern on the weekly charts.

Indian indices hit record highs on Thursday, following the US Fed's rate cut. Analysts expect Nifty to consolidate in the 25,200-25,550 range unless it decisively breaks above 25,550. Support is at 25,350 and 25,175-200.

Ace investor Radhakishan Damani has sold 1 lakh shares in VST Industries for Rs 4.4 crore via a block deal. The shares were sold at Rs 439.05 each, slightly above the previous closing price. Following this sale, Damani's stake in VST Industries has reduced to 2.82% from 3.47%.

Karur Vysya Bank (KVB) stock has outperformed BSE Bankex despite sector pressures. KVB has strong retail and commercial loan growth, low loan-deposit ratio, and high liquidity coverage ratio. Analysts have raised one-year price targets by over 8%.

The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6 crore, while expenses stood at Rs 823 crore, as against Rs 799.5 crore.

The company said the proceeds from the preferential issue will be used for expanding business operations, including investments in subsidiaries and joint ventures, and to meet long-term working capital requirements as well as general corporate purposes

Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for a QIP of up to Rs 3,000 crore.

You must be hearing about the US Fed's 50 BPS Rate cut everywhere. So what's that all about? how did it impact Indian markets vs commodity markets, and what are the sectors in focus now? Watch!

Indian indices hit record highs on Thursday, following the US Fed's rate cut. Analysts expect Nifty to consolidate in the 25,200-25,550 range unless it decisively breaks above 25,550. Support is at 25,350 and 25,175-200.

Equity indices concluded with minor gains after hitting record highs post the US Fed's more than expected interest rates cut of 50 bps and hinted for further reduction. "The substantial rate cut sparked concerns over global slowdown, resulting in profit booking in mid & small cap trading at premium valuation. Meanwhile, domestic heavyweight sectors like banking and FMCG saw buying interest, driven by foreign inflows and the RBI's monetary easing expected in October," said Vinod Nair, Head of Research, Geojit Financial Services. Here are 4 stock recommendations for Friday:

The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of underwriting, a practice that is not permitted.

Markets regulator Sebi on Thursday tweaked the framework for valuing the investment portfolios of Alternative Investment Funds (AIFs) whereby securities -- other than unlisted, non-traded, or thinly-traded securities -- will now be valued in line with mutual fund rules.

Marking the beginning of a new phase of rate cut cycle after 4 years in global markets, the US Federal Reserve is all set to lower interest rates from the current 23-year high of between 5.25 and 5.50%. As far as the reaction of the stock market is concerned, it all depends on whether Jerome Powell goes for a 25 bps cut or 50 bps cut and why. About two-thirds of traders on Wall Street are pricing in the chances of a 50 bps cut on Wednesday and a total of 100 bps rate reduction by the end of December 2024. But the market has a history of being wrong when it comes to predicting the mood of the rate-setting panel Federal Open Market Committee (FOMC).

The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of underwriting, a practice that is not permitted.

Wall Street's main indexes jumped at the open on Thursday, with the S&P 500 notching an intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon.

Indian market hit fresh record highs on Thursday tracking positive global cues. The S&P BSE Sensex rallied more than 200 points while the Nifty50 closed above 25,400 levels.The S&P BSE Sensex hit a record high of 83,773 while the Nifty50 hit a high of 25,611 in intraday trade on Thursday.

U.S. stock index futures surged, with Nasdaq futures up 2%, following the Federal Reserve's 50-basis-point interest rate cut. Key tech stocks like Microsoft and Alphabet saw gains, while semiconductor stocks also rose. The Fed's move aims to support steady growth and low inflation, boosting market optimism.

India's benchmark Sensex index increased by around 237 points on Thursday, finishing at 83,185. During this gain, 10 stocks within the BSE 100 index hit their highest prices in the past year. Reaching a 52-week high is significant, as it indicates the highest price a stock has achieved over the last year, providing valuable information for traders and investors. This milestone is essential for evaluating a stock's current value and predicting future price trends.

Marking the beginning of a new phase of rate cut cycle after 4 years in global markets, the US Federal Reserve is all set to lower interest rates from the current 23-year high of between 5.25 and 5.50%. As far as the reaction of the stock market is concerned, it all depends on whether Jerome Powell goes for a 25 bps cut or 50 bps cut and why. About two-thirds of traders on Wall Street are pricing in the chances of a 50 bps cut on Wednesday and a total of 100 bps rate reduction by the end of December 2024. But the market has a history of being wrong when it comes to predicting the mood of the rate-setting panel Federal Open Market Committee (FOMC).

A small negative candle with a long upper shadow on the daily chart suggests a false breakout above 25,500. This sharp rejection from new highs indicates a potential short-term dip, according to Nagaraj Shetti of HDFC Securities.

Indian headline indices hit fresh record highs on Thursday cheering US Federal Reserve's 50 bps points rate cut though they conceded the morning gains towards the end of the session.

Markets regulator Sebi has amended rules to streamline the process for public issuance of debt securities aimed at providing faster access to funds for such issuers.

ETMarkets' recent mutual fund analysis examines stocks held by only one scheme. As of August 2024, the initial analysis revealed 157 such stocks. To narrow our focus, we concentrated on those with a mutual fund market value over ₹20 crore as of August and a share price increase of more than 20% in CY24 so far. Applying these criteria, we identified 11 stocks that fit these specific conditions. (Data Source: ACE Equity, ACE MF)

Vodafone Idea Share Price: Vodafone Idea shares plunged 20% after the Supreme Court rejected its plea to recalculate AGR dues. Analysts believe the company will need to raise funds to repay the dues. Competition and tariff hikes may further impact Vodafone Idea's survival.

Historical trends underscore the impressive performance of bonds during Federal Reserve rate-cutting cycles. Since 1980, bond markets have consistently delivered substantial returns as rates were lowered. A notable example comes from April to June 1980, when an 11% rate cut coincided with an exceptional 18.8% return on the Bloomberg US Aggregate Index. Similarly, between June 1989 and September 1992, a 6.56% rate reduction drove an astonishing 46.3% return.

While it is not visible on the Nifty and sensex, there is a sudden phase of volatility which has stuck the market today. The fact is that Volatility does not give notice before coming so it is better to be prepared for it. Even in the best part of a bull run, corrective phases do come. As an investor, just be prepared for it. How does one prepare for it? One way is by sticking with large cap companies and that too one where there are some tailwinds for the business which will help them do better as compared to others in fundamental ways not just the stock price doing well.

Shares of Hindustan Aeronautics Ltd fell over 5% despite strong market sentiments, following a significant Rs 26,000 crore defense deal. Analysts expect continued growth amid supply chain challenges.