The Indian market experienced profit-taking at higher levels on Friday. The S&P BSE Sensex and Nifty50 both closed marginally lower. The S&P BSE Sensex was down by 71 points, while the Nifty50 closed below the 25,400 level.

The traditionally reliable Buffett indicator is signaling trouble in the USA, with the market-cap-to-GDP ratio hitting an all-time high of 2x. This surpasses the 1.4x ratio seen just before the GFC in 2008 and the dot-com bubble in 2000. India is also in a high range with a ratio of 1.3x, the highest in over a decade, but still below the 1.7x recorded in 2008 and the 2.2x peak in 1992.

The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore to Rs 6,42,531.82 crore.

A 36-hour financial rollercoaster will kick off with the Federal Reserve’s expected decision to cut interest rates on Wednesday, and culminate on Friday with the results of the Bank of Japan’s first meeting since it increased borrowing costs and contributed to a global selloff

The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore to Rs 6,42,531.82 crore.

In the week ending September 13, the Indian benchmark index Sensex saw a weekly gain of approximately 2.10%. During this rally, 9 penny stocks experienced price increases ranging from 20% to 55%. Our selection criteria focused on stocks with a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a trading volume exceeding 5 lakh shares. (Data Source: ACE Equity)

The FOMC meeting starts on September 17, with expectations for a 25 basis point rate cut. Chair Jerome Powell will provide insights on future rate cuts and economic conditions. Domestically, seven IPOs, including two mainboard and five SMEs, are set to open next week, along with 13 listings, notably Bajaj Housing Finance.

Congress has accused Sebi chairperson Madhabi Puri Buch of trading in listed securities worth about Rs 37 crore during her tenure, violating conflict-of-interest policies. They also allege she invested in foreign assets, including Chinese funds. Congress demands an investigation into these claims by Prime Minister Narendra Modi.

Sebi has exempted Spice Healthcare from making an open offer to SpiceJet shareholders upon acquiring additional shares, with conditions including a longer lock-in period. SpiceJet also announced new board appointments as it aims to bolster its financial health and meet various obligations.

Sebi has dropped charges of fraudulent and unfair trade practices against NSE and seven former employees, including Chitra Ramkrishna and Ravi Narain, in the co-location case due to lack of evidence. The case had prompted a CBI probe and led to arrests of top NSE officials.

At this point of time, there can be no debate on valuations, it is a well accepted fact that they are high. But if the street is comfortable in giving high valuations, then why argue with liquidity. Only thing which an investor can do is to focus on a business where the growth opportunity is big and growth will take care of the valuations. For example, it would be better to focus on a company which is part of the data centers as compared to an FMCG stocks where the growth is going to be single digit or at max low double digit. So, focus on business growth so that valuation comfort is taken care of in another manner.

LG Electronics is considering an IPO of its Indian business, aiming to raise up to $1.5 billion. Banks like Bank of America, Citigroup, JPMorgan, and Morgan Stanley have been appointed for the potential offering.

The markets reached new lifetime highs last week, with the Nifty closing at a fresh peak. Despite a strong trend, caution is advised due to significant deviation from the mean and potential for profit-taking. Key resistance and support levels are outlined for the coming week.

FPIs have been net buyers of Indian equities in September, investing over Rs 27,856 crore so far. Year-to-date investments total Rs 70,737 crore. FPIs were net sellers in April and May but have been net buyers since June, with a peak in July.

Nifty closed the week with 2% gains, despite significant block deals totaling Rs 10,934 crore across large, mid, and smallcap companies. Tata Group's Trent led largecap block deals with Rs 715 crore, followed by Mankind Pharma, Tube Investments of India, Bosch, and others.

Mutual funds bought 1.6 crore shares of Adani Energy Solutions in August, valued at Rs 1,330 crore. Other Adani Group stocks like APSEZ, Ambuja Cements, and ACC also saw mutual fund interest. SBI Mutual Fund was a major buyer of Adani Energy, acquiring 73.73 lakh shares. Tata MF and Nippon MF also purchased Adani Energy shares.

The way broader market indices, Nifty and Sensex have panned out in this phase of global volatility, it is clear that bulls are in no mood to leave control of the Street. But at the same time, probably we are going to get into a phase where the Indian market will act in line with the global market, which to some extent is different from what was happening in early part of 2024, when Indian markets were able to strongly outperform the global markets. So, while being bullish, be ready for a deal with a period of volatility and while selecting stocks, use more filters.

LG Electronics is considering an IPO of its Indian business, aiming to raise up to $1.5 billion. Banks like Bank of America, Citigroup, JPMorgan, and Morgan Stanley have been appointed for the potential offering.

Congress has intensified its scrutiny of SEBI Chairperson Madhabi Puri Buch, accusing her of trading listed securities worth ₹36.9 crore and investing in foreign, including Chinese, funds between 2017 and 2023. Congress spokesperson Pawan Khera has called for Prime Minister Narendra Modi to address these allegations and questioned Buch’s adherence to SEBI’s conflict of interest guidelines. Buch and her husband have refuted the charges, labeling them as false and motivated.

LG Electronics is considering an IPO of its Indian business, aiming to raise up to $1.5 billion. Banks like Bank of America, Citigroup, JPMorgan, and Morgan Stanley have been appointed for the potential offering.

Indian markets rallied last week, overcoming Sebi's FII disclosure deadline and US recession fears. Rate-cut optimism boosted indices to new highs. Smallcap stocks outperformed, with Hardwyn India leading with a 30% gain.

In the last five trading sessions up to September 13, the Sensex index increased by about 2.10%, finishing at 82,891, with gains recorded in 3 of those five sessions. During this weekly rally, ETMarkets identified that eight stocks from the Nifty200 pack showed consistent price increases during this timeframe. (Data Source: ACE Equity)

ETMarkets' analysis of BSE smallcap stocks shows that over the past three sessions (September 6-13 ), 5 stocks have consistently increased in price, trading volume, and delivery volume, indicating higher investor interest in these stocks. (Data Source: ACE Equity)

In August 2024, mutual funds deployed Rs 35,600 crore and alongside FIIs sold Rs 27,000 crore in the Indian secondary market. Key additions by MFs in August in mid-cap stocks were in FirstCry, Delhivery, PNB Housing, and India Cement. Here is a list of stocks that mutual funds bought and sold in August, according to a report by Nuvama Institutional Equities:

Several companies, including MCX, Rites, and Texmaco Rail, have upcoming record dates for various corporate actions like dividends, bonus issues, rights issues, and stock splits. Shareholders must hold shares in their demat accounts on the record date to be eligible.

The technology sector is set for a strong recovery, driven by increased investments and new technologies like Generative AI. Key sectors such as BFSI, healthcare, and manufacturing are expected to lead this growth. Service vendors and Global Capability Centers will play crucial roles in this expansion, with companies like HCL Technologies and Coforge positioned for significant gains.

A shareholder has approached the NCLAT challenging the NCLT's approval of ICICI Securities' delisting application. The appeal cites misapplication of regulations, fraudulent voting, and non-transparency concerns. Quantum Mutual Fund and minority shareholders argue that the share swap negatively impacts them. An investor has also moved the Bombay High Court against SEBI's decision.

U.S. stocks rose on Friday as investors anticipated possible aggressive rate cuts by the Federal Reserve at its upcoming policy meeting. The Dow Jones, S&P 500, and Nasdaq all closed higher. Gold hit record highs, while the dollar weakened and Treasury yields fell.

The Federal Reserve's upcoming monetary policy meeting has markets on edge, with uncertainty over the extent of interest rate cuts. Investors are keenly watching for signals on economic projections and future rate outlooks, as market bets fluctuate between a 25 and 50 basis point cut.

The article discusses the concept of mean reversion in the Nifty Smallcap 100 index, highlighting its tendency to return to its 200-day moving average after extended bull runs. It emphasizes the importance of understanding this pattern for better decision-making and risk management during market pullbacks.

Wall Street's main indexes closed higher on Friday as investors focused on the possibility of a larger interest rate cut by the Federal Reserve next week. The Russell 2000 small cap index saw significant gains, rising 2.5% on the day and 4.4% for the week, driven by renewed hopes for a bigger rate cut.

A shareholder has approached the NCLAT challenging the NCLT's approval of ICICI Securities' delisting application. The appeal cites misapplication of regulations, fraudulent voting, and non-transparency concerns. Quantum Mutual Fund and minority shareholders argue that the share swap negatively impacts them. An investor has also moved the Bombay High Court against SEBI's decision.

HSBC has given a 'buy' rating to Krishna Institute of Medical Sciences and Apollo Hospitals, while assigning a 'reduce' rating to Global Health and Narayana Hrudayalaya. The brokerage sees a positive growth outlook for the hospital sector due to rising demand for quality healthcare, with several hospitals planning significant bed additions in the coming years.

Russian hacker groups launched DDoS attacks on Taiwanese financial platforms, including the stock exchange and Mega Financial Holding Co.'s website. The attacks, while not causing significant damage, exposed the island's vulnerability to foreign cyberattacks.

V-Sciences Investments, part of Temasek Holdings, sold a 1.4 per cent stake in Godrej Agrovet for over Rs 212 crore through an open market transaction. The sale involved 27.10 lakh shares at an average price of Rs 785.13 each. This reduces V-Sciences' holding in the company to 6.36 per cent from 7.77 per cent.

Wall Street opened slightly higher on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week.

European stocks ended the week positively, driven by technology, real estate, and mining shares. The STOXX 600 index rose 0.7%, with German shares leading gains. Investors are now focused on the U.S. Federal Reserve's upcoming meeting, anticipating a potential rate cut. ECB policymakers remain optimistic about lower inflation and interest rates in the euro zone.

In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to Rs 3,000 crore.

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 Friday's trading session, five stocks saw short covering. Here's the list:

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a long unwinding. Here's the list:

Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction.

Shares of Adobe fell nearly 10% on Friday, after the Photoshop maker's disappointing quarterly earnings forecast sparked fears that returns from its push towards artificial intelligence design will take longer to materialize.

Sebi has closed the case against NSE and others in the co-location scam due to insufficient evidence. The scam involved brokers gaining unfair access to NSE's systems. Despite acknowledging lapses in NSE's policies, Sebi found no proof of collusion between OPG Securities and its directors.

Wall Street opened slightly higher on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week.

SEBI has introduced a centralized fee collection mechanism (CeFCoM) for investment advisors and research analysts. Investors can now pay fees through a designated platform. The mechanism, administered by BSE, will be operational from October 1, 2024.

India's market regulator on Friday dismissed charges of market violations against National Stock Exchange of India (NSE), the country's largest stock exchange, in a 2019 colocation case.

Fresh allegations against the Adani group are again floating, thanks to the US-based Hindenburg Group. Hindenburg, citing newly released Swiss criminal court records, has alleged that Swiss authorities have frozen over 310 million in funds across multiple Swiss bank accounts linked to Adani Group. This has been done as part of an investigation into allegations of money laundering and securities forgery related to the group. On Sept 12 evening, Hindenburg tweeted that the probe, which dates back to 2021, has shed light on financial practices involving opaque offshore entities tied to the Indian conglomerate. The Adani Group has firmly rejected and denied the "baseless allegations" presented in the Hindenburg post. Watch!

On Friday, India’s benchmark index, the Sensex, fell by approximately 72 points, closing at 82,891. Despite this slight decline, seven stocks in the BSE FMCG index reached their highest prices in the past 1-year. Hitting a 52-week high is notable as it represents the peak price a stock has attained over the last year, offering valuable insights for traders and investors. This achievement is crucial for assessing a stock’s current value and forecasting future price trends.

Despite starting on a positive note, the Nifty ended the week with a slight dip. Siddhartha Khemka from Motilal Oswal Financial Services pointed out that besides oil & gas, FMCG, and healthcare, most sectors closed lower, contributing to the market's loss on Friday.

Leading the Sensex decline were Adani Ports, ITC, and other companies, with losses ranging from 0.7% to 1.4%. Countering the trend, Bajaj Finance, Bajaj Finserv, Axis Bank, IndusInd Bank, and Tata Steel ended the day with gains.