Mazagon Dock Shipbuilders shares to trade ex-dividend tomorrowMazagon Dock Shipbuilders Share Price - 2 months ago
Shares of defense PSU Mazagon Dock Shipbuilders are in focus today, as the company has set September 19 as the record date for determining shareholder eligibility for dividend payments. Consequently, today is the last opportunity to purchase shares to qualify for the announced dividend of Rs 12.11 per share, which was declared earlier in May for the financial year 2023-24.
Economic Times

Stocks to buy today: Cummins India, NTPC among top trading ideas for September 18, 2024NTPC Share Price - 2 months ago
The Indian market is expected to rise on Wednesday, influenced by positive global trends. Nifty futures closed positively at 25,448 levels on Tuesday. Options data suggests a broader trading range between 25,000 to 25,800 zones. Analysts recommend holding above 25,350 for an upward move towards 25,550 and 25,750 zones.
Economic Times

Traders shy away from Modi-linked stocks in shift to defensivesMotilal Oswal Financial Services Share Price - 2 months ago
A few recent policy reversals highlight the element of uncertainty that investors must grapple with after a decade of certainty, as Modi increasingly leans on coalition partners. That’s led to concerns stocks tied to government policies may continue to trail the broader market.
Economic Times

F&O Ban List: LIC Housing, PNB among 10 stocks under trade ban on WednesdayRBL Bank Share Price - 2 months ago
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Economic Times

SAIL among 54 stocks to trade ex-dividend tomorrow. Last chance to buyTexmaco Rail & Engineering Share Price - 2 months ago
This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.
Economic Times

Big movers on D-Street: What should investors do with Mazagon Dock, Adani Green and Tata MotorsTata Motors Share Price - 2 months ago
Stocks that were in focus include names like Mazagon Dock, which fell 1.45%, Adani Green, which gained 0.74%, and Tata Motors, whose shares fell 1.3% on Tuesday.
Economic Times

S&P 500 ends little changed as early gains fade before Fed decision - 2 months ago
U.S. stocks closed nearly unchanged on Tuesday after earlier gains, with the S&P 500 and Dow hitting record highs. Investors are anticipating the first Federal Reserve rate cut in over four years. Economic data showed retail sales rose unexpectedly in August, indicating a stable economy through most of the third quarter.
Economic Times

Stock Radar: Record high in sight for M&M Finance; time to buy? - 2 months ago
“We have been seeing noticeable traction in the financials basket and M&M Finance is trading in sync with the move. Traders can buy for a target of Rs 390 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
Economic Times

Asian stocks rise as traders await Fed decision - 2 months ago
Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.
Economic Times

Mankind Pharma board to meet this week to consider fund raisingMankind Pharma Share Price - 2 months ago
Mankind Pharma is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations and consumer healthcare products.
Economic Times

Stocks in news: VST Industries, Torrent Power, REC, Tata Power, Mankind PharmaVST Industries Share Price - 2 months ago
Torrent Power has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for procurement of 1,500 MW/ 12,000 MWh energy storage capacity for pumped hydro storage project.
Economic Times

US warns banks for charging overdraft fees sans consent - 2 months ago
Financial firms that levy overdraft fees for ATM and one-time debit card transactions without proof of consent could be in violation of the law, specifically the Electronic Fund Transfer Act, as per the guidance.
Economic Times

These 8 bank stocks can give 34-45% returns in 1 year, according to analystsCSB Bank Share Price - 2 months ago
If one looks at the movement of the markets in the last few months, a large part of the banking sector has been witnessing a sort of correction. But if one looks at the macro picture the correction has been taking the form of broader sideways correction clearly indicating that largely selling is taking place due to profit booking rather than the fear of any sort of negative development on the fundamental front. 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

Daily Trading Desk: Two trades for short term gain, a gas player with 7% upmove and a metal stock for 5% rise - 2 months ago
The markets experienced a lackluster session on Tuesday, with the Nifty 50 index closing with a modest gain of 34.80 points. Two mid-cap stocks are showing potential for upward movement. Lloyds Metals and Energy Ltd. (LLOYDSME) has broken out from a bullish consolidation pattern, indicating a possible rise to Rs. 865. Mahanagar Gas Ltd. (MGL) is also attempting to break out from consolidation, supported by increased volumes and technical indicators, suggesting a potential price increase of around 7%. Both stocks present attractive entry points for investors.
Economic Times

PN Gadgil Jewellers stock debuts at a premium of 72.9% on NSE - 2 months ago
The offer was a fresh issue of ₹850 crore and an offer for sale of ₹250 crore. The company had a market capitalization of ₹10,692.5 crore at close on Tuesday.
Economic Times

NBFC deposit base grows 21% in FY24 as banks struggleShriram Finance Share Price - 2 months ago
Non-bank lenders in India have expanded their deposit base by 21% in FY24, outpacing banks' 13.5% growth, according to RBI data. Major NBFCs like Bajaj Finance and Shriram Finance offer higher interest rates than banks, making them attractive to savers. The number of deposit-taking NBFCs has been reduced to 25 from 34 last year.
Economic Times

City gas distribution cos' stocks jump on UBS’ bullish outlookMahanagar Gas Share Price - 2 months ago
UBS said that the city gas space is at a critical point where smaller entities are turning sellers and strategic partners due to issues such as non-performance from new/small entities, infrastructure-commitment defaults, gas-sourcing challenges and capital constraints. that consolidation of smaller players in the city gas space.
Economic Times

FPIs make a beeline for India in September on hopes of Fed rate cutGeojit Financial Services Share Price - 2 months ago
Foreign portfolio investors (FPIs) are back with a bang in the Indian equity market in September on hopes that the US Federal Reserve would start reducing interest rates soon, triggering more fund flows into emerging markets.
Economic Times

Brokerage Investec begins coverage on Adani Green Energy - 2 months ago
The brokerage said that AGEL's growth will primarily be led by its plans for 30GW (gigawatt) and 11GW installations in Khavda, Gujarat and Rajasthan respectively, where it has access to large resource rich land banks along with evacuation facilities. It will take the total production capacity to 50+GW by FY30.
Economic Times

Stock Radar: M&M Financial Services hits fresh 52-week high in September; time to buy? - 2 months ago
The NBFC stock, after reaching a peak of 346 in July 2023, experienced fluctuations but managed to stay above the 200-week Exponential Moving Average on the weekly charts. This support level was tested twice, in October 2023 and May 2024. Following the rebounds from the 200-EMA, the stock reclaimed the 50-week moving average in June 2024, further boosting its upward momentum.
Economic Times

S&P 500 hits record high with Fed policy decision imminent - 2 months ago
Wall Street's main indexes opened higher with the benchmark S&P 500 close to its intraday record high, ahead of the Federal Reserve's policy meeting starting on Tuesday, after data signaling a healthy consumer allayed worries of a sharp slowdown in the U.S. economy.
Economic Times

S&P 500 hits new peak, on track for first record close since July - 2 months ago
Encouraging economic data and expectations of a hefty interest rate cut have largely helped the S&P 500 recover after fears of an imminent recession sent the benchmark index down more than 8.5% over three weeks through Aug.
Economic Times

Ahead of Market: 10 things that will decide stock market action on WednesdayNTPC Share Price - 2 months ago
Indian indices held near all-time highs on Tuesday, trading in a narrow range ahead of the US Fed meeting. Nifty closed at a new high of 25,418.55, up 34.80 points. Analyst Om Mehra sees a cautious tone ahead of the FOMC meet but remains positive as long as Nifty stays above 25,270. Resistance is at 25,550-25,580.
Economic Times

Market Trading Guide: CG Power, Oil India are stock recommendations for Wednesday - 2 months ago
Indian benchmark indices maintained their winning momentum for the second day in a row and ended the session at record closing highs. Trading happened in a narrow range a day ahead of the U.S. Federal Reserve's widely expected interest rate cut and commentary. Nifty ended at 25,418.55, gaining by 34.80 points or 0.14% over Monday’s closing. Its 89.4-point trading range is the smallest in two weeks.A breakout from the recent range-bound pattern could provide a clear direction for the Nifty, Rupak De, LKP Securities said, placing immediate support at 25,350. A fall below this level might lead to the unwinding of put option writing positions, potentially triggering a correction toward 25,000, he warned. On the upside, resistance is seen at 25,500 and a strong upward move may be expected if Nifty breaks above this level, De said. Here are 2 stock recommendations for Wednesday:
Economic Times

Savers turn investors as bank deposits fall to 42% in 2024 from 53% in 2020: Uday KotakKotak Mahindra Bank Share Price - 2 months ago
Kotak suggested that investors adopt a holistic approach to financial services, emphasizing the need for a mindset shift in response to the evolving landscape of household financial assets. This, according to Kotak, is essential for successful financial management in the future.
Economic Times

Fed rate cut looms: What it means for gold prices, dollar - 2 months ago
Declining US inflation reports (PPI YoY Act. 1.7 %, Forecast 1.8%, Previous 2.1 %) released last week fuelled increased rate cut bets. ECB cut rates (deposit rates) by 25 bps last week, which further boosted investor sentiments that propelled international gold prices to all-time highs. It supported the spikes seen in MCX prices last week.
Economic Times

SBI Mutual Fund hikes stake in Nuvoco Vistas nearly 3% for Rs 158 croreNuvoco Vistas Corporation Share Price - 2 months ago
SBI Mutual Fund on Tuesday increased its stake in building materials company Nuvoco Vistas Corporation by acquiring nearly 3 per cent stake for over Rs 158 crore through an open market transaction.
Economic Times

Fed to go big on first rate cut, traders bet - 2 months ago
Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation that may itself put pressure on central bankers to deliver just that.
Economic Times

FPIs make a beeline to Indian equities in September amid hopes of Fed rate cutGeojit Financial Services Share Price - 2 months ago
Foreign portfolio investors (FPIs) are back with a bang in the Indian equity market in September on hopes that the US Federal Reserve would start reducing interest rates soon, triggering more fund flows into emerging markets.
Economic Times

US stocks open higher after retail sales data, Fed decision in focus - 2 months ago
Wall Street's main indexes opened higher with the benchmark S&P 500 close to its intraday record high, ahead of the Federal Reserve's policy meeting starting on Tuesday, after data signaling a healthy consumer allayed worries of a sharp slowdown in the U.S. economy.
Economic Times

Technical Breakout Stocks: Mahanagar Gas, Policy Bazaar and Britannia Industries hit fresh record highs on Tuesday - 2 months ago
Indian market pared gains but managed to close higher on Tuesday. The S&P BSE Sensex rose nearly 100 points while the Nifty50 closed above 25,400.
Economic Times

These 9 midcap stocks hit a 52-week high and rallied up to 25 in a month - 2 months ago
On Tuesday, India’s benchmark index, the Sensex, increased by about 91 points, ending the day at 83,080. Despite this gain, nine stocks in the BSE midcap index hit their highest prices in the past year. Reaching a 52-week high is significant because it shows the highest price a stock has achieved over the last 12 months, providing important information for traders and investors. This milestone is key for evaluating a stock's current worth and predicting future price movements.
Economic Times

SpiceJet's Rs 3,000 crore issue commences; floor price set at Rs 64.79 per shareSpiceJet Share Price - 2 months ago
SpiceJet has set a floor price of Rs 64.79 per share for the sale of securities to qualified institutional buyers through which the budget carrier aims to raise up to Rs 3,000 crore. Last week, shareholders approved a proposal to raise up to Rs 3,000 crore.
Economic Times

These 9 stocks added by over 15 MFs in August rally up to 80% in FY25 - 2 months ago
In August, mutual funds showed confidence in Indian equities, evident from their net investments totaling about Rs 31,685 crore. ETMarkets analysis revealed that approximately 15 stocks were included in the portfolios of over 15 MF schemes in August, compared to July. We highlighted the top 9 stocks that have achieved double-digit gains in the current fiscal year FY25 so far. (Data Source: ACE MF | ACE Equity)
Economic Times

Tech view: Nifty faces hesitation at all-time high levels ahead of Fed rate move. Here's how to trade on WednesdayJM Financial Share Price - 2 months ago
Nifty formed a Doji candle near its all-time high, indicating short-term hesitation ahead of the US Fed meeting. A breakout of the 25292-25442 band could lead to a sharper move. OI data shows highest call and put open interest at 25,400 and 25,300 strike prices, respectively.
Economic Times

Nifty, Sensex scale new peaks but end flat ahead of Fed decisionTata Steel Share Price - 2 months ago
The majority of Nifty stocks saw declines today, with 29 stocks falling and only 21 advancing. The top performing stocks included Hero MotoCorp, Bajaj Auto, Bharti Airtel, NTPC, and Mahindra & Mahindra, while the biggest losers were Tata Motors, Eicher Motors, Tata Steel, Coal India, and JSW Steel.
Economic Times

100 days of Modi 3.0 Government: 18 smallcap stocks deliver up to 220% multibagger returns - 2 months ago
Despite a roller-coaster Union Budget and ongoing controversies surrounding Sebi chief Madhabi Puri Buch, Indian equity markets have shown positive investor sentiment, continuing their upward trend over the past 100 days of the Modi 3.0 government.In the past 100 days, BSE Sensex has surged nearly 6,300 points, or 8.2%. Meanwhile, at least 18 smallcap stocks have delivered multibagger returns, data from ACE Equity reveals.Here is a list of 18 smallcap stocks that delivered multibagger returns from June 7 to September 16:
Economic Times

Sebi’s proposed merchant banking regulations: Will it make the big bigger? - 2 months ago
The capital markets have transformed substantially over the last three decades. Therefore, it's crucial to re-evaluate the existing regulatory framework to align with the current market realities. SEBI's consultation paper on the proposed MB Regulations, released on August 28, 2024, is a positive step in this direction, offering several insightful suggestions. However, a few of the proposed changes warrant further deliberation.
Economic Times

Motilal Oswal Foundation pledges Rs 130 crore to IIT Bombay for financial markets programMotilal Oswal Financial Services Share Price - 2 months ago
Motilal Oswal Foundation has pledged Rs 130 crore to IIT Bombay for establishing a world-class academic infrastructure and developing a financial markets program. This marks one of the largest corporate philanthropic contributions to an Indian educational institution. The Motilal Oswal Knowledge Centre will be set up on IIT Bombay's campus, and the Motilal Oswal Centre for Capital Markets will focus on building high-end capabilities in the financial sector
Economic Times

These 10 stocks added by over 15 MFs in August rally up to 80% in FY25 - 2 months ago
In August, mutual funds showed confidence in Indian equities, evident from their net investments totaling about Rs 31,685 crore. ETMarkets analysis revealed that approximately 15 stocks were included in the portfolios of over 15 MF schemes in August, compared to July. We highlighted the top 9 stocks that have achieved double-digit gains in the current fiscal year FY25 so far. (Data Source: ACE MF | ACE Equity)
Economic Times

European shares at two-week high in lead-up to Fed rate decision - 2 months ago
Investors will be squarely focused on Fed's decision on Wednesday, with markets now pricing in a 67% chance that the U.S. central bank could ease rates by 50 basis points
Economic Times

For risk takers with medium term perspective: 5 mid cap stocks from different sectors with potential upside of up to 46% - 2 months ago
The problem with looking at an index and feeling bullish or bearish is the fact that the index is a collection of stocks which in all probability has little correlation with a stock you have in your portfolio. If you are feeling bullish because the nifty is touching and checking what has happened to the value of the portfolio, there is a high probability that you may get disappointed. The reason to be bullish has to be growth of the economy and the reason for selecting a stock has to be good business, management and growth of the company. Don't be afraid to be bullish but do a bit of simple work and enjoy the fruits of growth of the Indian economy.
Economic Times

Adani Green shares may rise up to 30%, says Investec while initiating coverageBajaj Housing Finance Share Price - 2 months ago
Investec predicts that using advanced tech in ideal locations will boost energy production significantly. Combined with a greater focus on selling directly to customers, this should result in a 60% annual profit growth over the next six years.
Economic Times

TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR schemeTata Motors Share Price - 2 months ago
The company has recently canceled its DVR (Differential Voting Rights) shares and is replacing them with ordinary shares. According to the new scheme, shareholders will receive 7 ordinary shares for every 10 DVR shares they previously held. Axis Trustee Services, acting as an Independent Trustee, will now manage the distribution of the sale proceeds.
Economic Times

Will investors make money as the US Fed is all set to cut the rates? - 2 months ago
Lower interest rates mean higher bond prices, benefiting bond investors. While the US Federal Reserve raised rates significantly, India's central bank took a more moderate approach. We expect a smaller rate cut from India's central bank this year.
Economic Times

100 days of Modi 3.0 government: Sensex up 6,300 points, 18 smallcaps turn multibaggerRefex Industries Share Price - 2 months ago
In the first 100 days of Modi 3.0, Sensex surged 8.2% with BSE Smallcap up 18%. Top smallcaps like Refex Industries soared 221%. Investors are cautious due to tax hikes and policy risks.
Economic Times

AIF Tracker: Majority of category II debt funds deliver over 10% returns for ultra-rich investors in Aug - 2 months ago
In August 2024, category II debt funds outperformed equity investments for ultra-rich investors, with four out of six funds delivering returns over 10%. Over 70% of Alternative Investment Funds (AIFs) surpassed the Nifty50 index's 1.1% gain. These funds primarily invest in unlisted companies, real estate, and private equity.
Economic Times

Japan's Nikkei slides on strong yen worries before Fed decision - 2 months ago
Japan's Nikkei share average dropped by 1% on Tuesday, impacted by concerns over a stronger yen and anticipation of a significant interest rate cut from the U.S. Federal Reserve. Technology giants and banks were among the biggest losers, with major companies like Tokyo Electron and SoftBank Group seeing notable declines.
Economic Times

Suzlon Energy shares deliver 113% return in 6 months: Does more growth awaits?Suzlon Energy Share Price - 2 months ago
Suzlon Energy shares surged 116% this year, fueled by a major wind energy order. Despite the stock nearing all-time highs and high valuations, experts suggest cautious entry at Rs 78-79.
Economic Times