Tata Group's Trent, poised to join the Nifty 50 on September 30th after the NSE reshuffle, has been a top performer with a remarkable 244% return in the past year. Other standout stocks include Zomato, Power Finance Corporation (PFC), REC, Hindustan Aeronautics (HAL), Indian Railway Catering and Tourism Corporation (IRCTC), and Bharat Electronics (BEL), delivering returns ranging from 105% to 165%.

The company generated a revenue of Rs 841 crore for FY24 registering a 42% growth over Rs 592 crore reported in FY23. Its reported PAT more than tripled to Rs 67.7 crore in FY24 compared to Rs 20.6 crore in FY23.

Indian headline equity indices, Sensex and Nifty50, closed higher on Monday, driven by gains in banking and consumer stocks, despite lingering concerns over the U.S. economy following last week's jobs data, which indicated a continued slowdown in the labor market.

Indian equity indices traded higher on Monday in a volatile session amid concerns over the US economy lingering following last week’s jobs data, which highlighted a continued slowdown in the labour market. During the session, five largecap Nifty 200 index stocks hit fresh 52-week highs. Here’s the list:

Indian headline equity indices, Sensex and Nifty50, closed higher on Monday, driven by gains in banking and consumer stocks, despite lingering concerns over the U.S. economy following last week's jobs data, which indicated a continued slowdown in the labor market.

The successful listing, with shares trading 45% above the IPO price at Rs 770, underscores the company's strong fundamentals and the overwhelming investor confidence demonstrated by the IPO's 201.41 times oversubscription. The shares even saw a further 3% increase post-listing, further highlighting the positive market sentiment.

In 2024, the midcap index increased by about 31%. Around half of the index's constituents outperformed this growth, and we have highlighted the top 12 midcaps from this group that achieved gains between 70% and 150%. Among these, four stocks have become multibaggers (Data Source: ACE Equity). Interestingly, Trendlyne's SWOT analysis indicates that all these stocks display more strengths than weaknesses.

With foreign direct investments (FDI) growing 47.8 per cent to USD 16.17 billion during April-June 2024, India is expected to see further acceleration in the inflow on account of a potential Fed rate cut, modest growth outlook in the US, and the country's favourable economic outlook, experts say.

Shares of Tribhovandas Bhimji Zaveri and PC Jewellers hit new 52-week highs, rising 18% and 5%, respectively, following a CRISIL report predicting a 22-25% revenue boost for retailers due to reduced gold import duties and better working capital management.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of an underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Monday's trading session, five stocks saw fresh short positions being built. Here's the list:

Bank of America, the most conservative among Wall Street's brokerages on the size of the Federal Reserve's expected interest rate cuts this year, has raised its forecast to match most of its peers after the recent nonfarm payrolls data.

A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signalling a bullish market trend. In Monday's trading session, five stocks saw fresh long positions. Here’s the list:

Two Mauritius-based foreign portfolio investors have approached the Securities Appellate Tribunal to seek more time to comply with Sebi's new disclosure norms. The deadline for revealing ultimate beneficial ownership ends on Monday. Sebi's regulations aim to enhance transparency and prevent potential misuse of the FPI route.

There has been a lot of talk about foreign institutional investors ( FII ) or foreign portfolio investors ( FPI) as they officially called being net sellers in India markets. The numbers tell a different story, if one looks at overall numbers except for calendar year 2022, where they have been net sellers, FPIs have been investing in India. In 2023 and in 2024 as on date, they have been net buyers. So, there is a difference in perception and reality. Now the question is where is the FPI money going and is the DII money which surely has seen a rise thanks to SIP flows into mutual funds is also going in the same direction where the FII money is going. We looked at a set of stocks and change in shareholding for the last three years and there are X stocks where FPI have been buyers, increasing their stake and DII have been reducing their stake. Now this could be for many reasons, but who will be proven right, FII or DII.

Tolins Tyres' IPO, which opened for subscription on Monday and closes on September 11, has been fully subscribed on its first day. Retail investors led the demand, with a subscription rate of 1.90 times. The IPO includes a fresh issue worth Rs 200 crore and an offer-for-sale of Rs 30 crore by promoters.

Shares of Tata Technologies dropped 3.4% to a day's low of Rs 1,074.2 in Monday's trade on the BSE after global brokerage firm Citi maintained its 'Sell' rating on the stock. Citi, however, raised the target price to Rs 945 from the earlier Rs 935, indicating a downside of 15% from the previous day's closing price of Rs 1,112.5 apiece.

Japan's Nikkei share average fell on Monday, with technology stocks among the biggest decliners, although the benchmark index escaped steeper losses as the yen retreated from a one-month high.

European stock markets climbed at the open Monday, recovering slightly from heavy pre-weekend falls on US economic strains, as investors await an expected interest-rate cut from the European Central Bank. The European Central Bank is set to cut eurozone borrowing costs further on Thursday as inflation in the single-currency bloc drifts back to the ECB's two-percent target. bcp/lth

Ola Electric Share Price: The expiry of the anchor lock-in period has released 18.18 lakh shares for trading. This marks the end of a regulatory restriction designed to prevent large-scale selling and stabilize stock prices after an IPO. Typically, anchor investors are required to hold 50% of their shares for 30 days and the remaining 50% for 90 days. With these shares now freely tradable, there could be an increase in market activity and potential price volatility for the stock in the short term.

The Enforcement Directorate is conducting searches at premises linked to Viresh Joshi, former chief trader of Axis Mutual Fund, in a forex violation case. Joshi was dismissed in May 2022 after allegations of front-running and broker payments. The Income Tax department had previously attached Rs 57 crore of his fixed deposits.

Tolins Tyres' IPO, which opened today and closes on September 11, saw a 70% subscription on its first day. Retail investors led the demand, while qualified institutional buyers showed minimal interest. The IPO includes a fresh issue of Rs 200 crore and an offer-for-sale of Rs 30 crore.

In February of the previous year, SEBI prohibited Joshi and 20 other entities from participating in the securities market due to their involvement in front-running. The regulator claimed these entities collectively profited unjustly to the extent of Rs 30.56 crore through their trading activities, which SEBI ordered to be seized.

Suzlon Energy’s shares rose 3% after securing a 1,166 MW wind energy order from NTPC Green Energy. The project in Gujarat will power 3 million households and boost Suzlon’s PSU presence.

The expiry of the anchor lock-in period has released 18.18 lakh shares for trading. This marks the end of a regulatory restriction designed to prevent large-scale selling and stabilize stock prices after an IPO. Typically, anchor investors are required to hold 50% of their shares for 30 days and the remaining 50% for 90 days. With these shares now freely tradable, there could be an increase in market activity and potential price volatility for the stock in the short term.

Premier Energies Share Price: Premier Energies' shares surged 41% in three days after securing a Rs 215 crore order from Uttar Pradesh for solar water pumping systems. The project, under the PM-KUSUM scheme, aims to be completed by March 2025. The company's IPO saw strong investor interest, with shares debuting at a significant premium.

In an exchange filing, the company stated, "Deep Industries Ltd (DIL), a leading integrated solutions provider for oil and gas field operations, has secured a significant order valued at Rs 1,402 crore from ONGC."

Jeyyam Global Foods made a flat debut on the NSE SME platform with a listing price of Rs 61, matching its issue price. The IPO received strong investor interest, being subscribed over 100 times. The company plans to use the proceeds for working capital, capital expenditure, and general corporate purposes.

Kross IPO: Kross, a Jamshedpur-based company, is launching its Rs 500 crore IPO from Monday to September 11. The IPO includes a fresh equity sale and an offer for sale by promoters. The price band is set at Rs 228-240 per share. Proceeds will be used for debt repayment and growth funding.

Tata Technologies has seen a decline of over 20% from its November 2023 highs but is now showing signs of recovery. Experts suggest short-term traders with a high-risk profile consider buying the stock for a target above Rs 1,200. The stock recently bounced back after taking support above Rs 1,000 levels.

Gala Precision Engineering's shares debuted on the exchanges with a significant premium, listing at Rs 750 on BSE and Rs 721.1 on NSE. The IPO saw a strong subscription of 200 times. The funds will be used for setting up a new facility, purchasing equipment, and repaying debt.

The stock is currently trading above all its long-term moving averages, indicating a strong upward trend but the word ‘healthy’ is used because it keeps having regular pull backs which are short before starting the next up move.

Indian equity indices opened lower for the fourth consecutive session on Monday, influenced by losses from Asian peers and concerns over the U.S. economy following weak jobs data. The BSE Sensex and Nifty50 saw declines, with Tata Steel and Power Grid among the losers, while HUL and ITC gained. Sectoral indices except FMCG, IT, and Realty also dropped.

SpiceJet shares rose 5.5% after announcing a plan to convert Carlyle Aviation Management's $137.68 million debt into equity, adjusted to $97.51 million upon settlement. Carlyle may also purchase a stake in SpiceXpress & Logistics. The airline aims to raise Rs 2,500 crore through a share sale to institutional investors.

Market is turning into stock specific mode

The Indian market is expected to consolidate on Monday due to weak global cues. The Nifty future closed with a 1.30% loss on Friday, and India VIX rose by 6.49%. Analysts suggest a broader trading range between 24,400 to 25,300 zones. Several stock recommendations are provided for short-term traders.

The Indian equity market experienced high volatility with Nifty closing below 25,000. Analysts predict a sideways or overdue consolidation with key support at 24,600. Resistance levels are at 25,050 and 25,190. Traders are advised to use a Short Iron Condor strategy to profit from limited price movements.

The Nifty index, having surged 14% this year to surpass 25,000, is now considered overvalued by some analysts. Axis Securities predicts a drop to 24,600 by March 2025. Valuation tools like the Buffett Indicator and BEER ratio suggest the market is slightly expensive. Defensive sectors are expected to outperform cyclical ones amid global uncertainties.

Citi has issued a sell rating on Tata Tech with a target price of Rs 945, citing uncertainties related to VinFast revenues and client concentration. Jefferies has set a base case target of Rs 335 for Zomato, anticipating strong growth in delivery revenue. UBS recommends buying Shriram Finance, raising the target price to Rs 3,850 due to higher growth visibility.

Kross, a Jamshedpur-based company, is launching its Rs 500 crore IPO from Monday to September 11. The IPO includes a fresh equity sale and an offer for sale by promoters. The price band is set at Rs 228-240 per share. Proceeds will be used for debt repayment and growth funding.

Proxy advisory firms have recommended investors vote against Strides Pharma's proposal to consolidate businesses with Steriscience and Onesource. Concerns were raised about the high valuation of Onesource and its financial challenges. The scheme aims to integrate CDMO and soft gelatine businesses for better supervision, with e-voting concluding soon.

Vedanta and five other companies are in focus today as they have set September 10 as the record date for determining shareholders eligible for dividend payments. Vedanta announced a third interim dividend of Rs 20 per share for FY 2024-25. Other companies like DAPS Advertising, Manali Petrochemicals, MSTC Ltd, National Plastic Technologies, and Syrma SGS Technology also declared dividends.

Jio Financial Services and BlackRock Advisors Singapore have formed a joint venture named Jio BlackRock Investment Advisers Private Limited. Jio Financial will invest Rs. 3 crore in the venture. The company has received approval to increase foreign investment to 49%. This move aims to expand its fintech operations in India.

Tolins Tyres plans to raise ₹230 crore through an IPO, with ₹200 crore allocated for loan repayment and working capital. The company focuses on fleet operators and has a unique tread rubber plant in the UAE. Its revenue grew significantly from FY22 to FY24, but raw material costs remain a risk.

The stock market rally is facing significant challenges, including US recession fears, weaker payroll growth, and concerns about growth in China and Germany. The S&P 500 and Nasdaq 100 experienced notable declines last week. Additionally, frothy valuations and the concentration of money in mega-cap tech stocks are creating new vulnerabilities.

Foreign investors have injected nearly ₹11,000 crore into Indian equities in the first week of the month, driven by market resilience and expectations of a US rate cut. This trend follows consistent buying since June, supported by India's stable macroeconomic position and regulatory reforms aimed at facilitating foreign investments.

DAM Capital Advisors, a Mumbai-based merchant banker, has filed its draft red herring prospectus with SEBI for a proposed offer of sale. The filing highlights the increasing demand for merchant banking services due to a surge in IPOs and FPOs, leading to higher fees and more business opportunities for investment bankers.

The European Central Bank is expected to cut interest rates on Thursday, preceding a similar move by the US Federal Reserve. This synchronized easing aims to support economic growth as inflation risks diminish. Investors will closely watch for further policy signals, with another rate cut likely in 2024.

Weakness in Chinese equities is eroding confidence among Wall Street supporters, with hopes for a turnaround fading. Major financial institutions like UBS, Nomura, and JPMorgan have downgraded China's equities due to various concerns. This shift is leading to increased interest in markets like India and Southeast Asia, as China struggles to meet its growth targets.

Indian markets saw a decline last week, ending a three-week winning streak. The upcoming FOMC meeting is expected to result in an interest rate cut. Investors are closely monitoring the rupee, crude oil prices, and foreign portfolio investments. Nifty futures indicate a negative start, with significant market movements anticipated.

Nifty, after a three-week rally, is expected to face short-term volatility and a corrective phase. Key support lies around 24,500 while resistance is at 25,100–25,350. Analysts suggest focusing on quality stocks in sectors like pharma, FMCG, and IT. Investors should use the dip to add strong-performing stocks to their portfolios.