Shareholders of Godfrey Phillips India have approved the re-appointment of Bina Modi as Managing Director with 86.6% votes. Her daughter Charu Modi was also appointed as an executive director. Samir Modi has retired from the board, and his vacancy will not be filled for now.

Wall Street's main indexes fell on Friday after a crucial jobs report failed to clarify the Federal Reserve's upcoming interest rate cut. The Dow Jones, S&P 500, and Nasdaq Composite all saw declines. Rate-sensitive growth stocks were mixed, with Apple rising while Tesla and Nvidia fell.

Index-tracking stock funds worth $350 billion will undergo significant changes as S&P Dow Jones Indices revises its rules to limit the dominance of large companies. The new methodology will rebalance weightings across sector indexes, affecting major ETFs and reducing concentration risk in the equity market.

Wall Street's main indexes were subdued at the open on Friday after a report showed fewer-than-expected jobs additions in the previous month, aiding expectations that the Federal Reserve will deliver an upsized interest rate cut in September.

Federal Reserve Bank of New York President John Williams said Friday that a better balanced economy has opened the door to cutting rates, with the full course of action to be determined by how the economy performs.

According to ET Now sources, the upcoming SEBI deadline for UBO compliance is expected to affect only a small number of FPIs. The report highlighted that even non-compliant FPIs can continue operations beyond the September 9th deadline by paying a 5% penalty. Additionally, these FPIs will be granted an extra six months to achieve compliance after paying the penalty.

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:

Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5.

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:

The emergence of a long bear candle on the daily chart, coupled with a decisive break below the 25,000 support level, points towards a significant downward shift in the market. This pattern, according to Nagaraj Shetti of HDFC Securities, confirms a short-term top reversal at the 25,333 level.

Godfrey Phillips Share Price: Godfrey Phillips' board will meet on September 20 to consider a bonus issue of shares in the ratio of 2:1. If approved, shareholders will receive two additional shares for each share they hold. The bonus shares aim to increase stock liquidity and affordability. The company's shares surged by 6% following the announcement.

The Indian rupee ended higher on Friday, tracking gains across regional currencies ahead of the crucial U.S. jobs report that will help investors gauge the extent of a rate cut at the Federal Reserve's meeting this month.

Despite all the problems they have either caused or faced, both domestically and globally, it is the financial service stocks which are able to witness growth, the reason financial services are the lifeline of any economy. Now when we use the word financial services, we are referring to the provider of capital, essentially lenders, companies. Over the years, these lenders and specially private lenders have seen major changes in all the aspects of their working. The ones who have survived all the ups and down are the ones which will grow as the Indian economy grows at a faster rate. 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.

Baazar Style Retail’s shares debuted flat on the bourses but closed 3% higher on Friday. The company, expanding rapidly with 162 stores, holds 3% market share in West Bengal and 2.2% in Odisha. Analysts view it as a promising medium-to-long-term investment despite competition and debt.

Cash-strapped domestic carrier Spicejet plans to raise over Rs 3,200 crore through various debt and equity instruments and capital infusion by the promoter, the airline said in a corporate presentation.

Over 500 Sebi officers protested at the Mumbai headquarters, demanding chairperson Madhabi Puri Buch's resignation and withdrawal of a media statement accusing them of being influenced by external elements. The silent protest followed earlier complaints about HR issues and a press release they described as spreading lies against employees.

Wockhardt shares dropped 5% after Congress leader Pawan Khera accused SEBI chief Madhabi Puri Buch of corruption and insider trading. Khera alleged a conflict of interest due to Buch's property dealings with a Wockhardt subsidiary. Congress demands an independent inquiry to maintain trust in India's stock markets.

India VIX surged 10% to 15.57 as Nifty fell over 300 points to 24,839.40, marking an 11% increase this week after a month-long decline. Over the past month, India VIX had dropped 25%. Nifty's decline saw 43 stocks, including SBI and Tata Motors, in the red.

Over 2,400 BSE stocks fell on Friday, erasing Rs 5 lakh crore in value. Reliance Industries, ICICI Bank, and SBI triggered a 1,000-point Sensex drop. Vodafone Idea plunged 14% amid Goldman Sachs' bleak forecast, contributing to broad market losses.

ICICI Securities raised Suzlon Energy’s target price to Rs 80, citing the sale of its Pune property for Rs 440 crore as a boost. The capital will enhance Suzlon's core wind energy operations, aligning with its non-core asset strategy and debt restructuring plans.

Shares of the public sector undertaking State Bank of India (SBI) on Friday dropped 4% to the day’s low of Rs 785 after the leading brokerage firm Goldman Sachs downgraded the stock’s rating to sell from an earlier Neutral while also cutting its target price to Rs 742.

Godfrey Phillips' board will meet on September 20 to consider a bonus issue of shares in the ratio of 2:1. If approved, shareholders will receive two additional shares for each share they hold. The bonus shares aim to increase stock liquidity and affordability. The company's shares surged by 6% following the announcement.

Shares of SBI Cards and Payment Services on Friday surged 6% to its day’s high of Rs 811.85 after the global brokerage firm Goldman Sachs upgraded the stock to a buy rating, raising its target price to Rs 913 from an earlier Rs 652.

In the latest Greed & Fear report, Jefferies' India research head Mahesh Nandurkar emphasizes a significant rise in capital gains within personal income tax data. He notes a jump from 4% in FY19 to 11% in FY22 and projects it to reach 12-15% in FY24. Nandurkar attributes this surge in long-term and short-term capital gains to robust market returns and increased retail investor involvement.

Japan's Nikkei share average fell on Friday for a fourth straight session ahead of the release of the key U.S. non-farm payrolls, while a stronger yen weighed on sentiment.

European shares slipped for a fifth straight session on Friday as caution prevailed ahead of the crucial U.S. jobs data, the last such labour market report before the Federal Reserve's monetary policy decision on Sept. 18.

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, signaling a bullish market trend. In Friday's trading session, five stocks saw fresh long positions. Here’s the list:

The Fed chief's dovish message and the onset of a rate-cutting cycle are expected to support rate cuts by India's Monetary Policy Committee. In fact, two independent MPC members had already advocated strongly for rate reductions during the August monetary policy meeting. As a result, the case for cutting rates will likely gain momentum. India's CPI inflation fell to 3.54% in July, comfortably within the RBI’s 4% inflation target.

VST Industries Share Price: VST Industries' shares surged 20% to Rs 486.70 on BSE after announcing a 10:1 bonus issue, with the record date revised to September 6. This is the company's first bonus issue.

KEC International Share Price: KEC International's shares rose 5% to Rs 1,039 after announcing new orders worth Rs 1,423 crore for transmission lines in Saudi Arabia. The company's YTD order intake has grown by 75% compared to last year.

Matrimony Share Buyback: Matrimony.com’s board approved a Rs 72 crore share buyback at Rs 1,025 per share, a 27.5% premium. The stock rose 3% to Rs 829.55 on the news.

Goldman Sachs predicts Vodafone Idea's Rs 24,000 crore fundraise won't stop market share loss, slashing its target price by over 83%. The stock fell 10.80% to Rs 13.46 on Friday.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the 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 Friday's trading session, five stocks saw fresh short positions being built. Here's the list:

Trent Share Price: Trent shares have surged 1,450% in 5 years and 139% this year. Despite recent highs and an overbought RSI, experts suggest a dip could be a good buying opportunity.

Indian equity indices saw significant declines on Friday, driven by banking stocks, as traders awaited the US jobs report for insights into the Federal Reserve's interest rate policy. The BSE Sensex dropped by 800 points to 81,400, while the Nifty50 fell below 25,000. Analysts provided trading recommendations for Indian Hotels and Titan Company based on technical and derivative data.

Indian benchmark indices Sensex and Nifty fell sharply on Friday as investors awaited a crucial US jobs report that could influence the Federal Reserve's interest rate decisions. Major sectors including PSU Bank, Oil & Gas, Auto, and Consumer Durables saw declines. Global markets also showed mixed reactions, with oil prices remaining flat.

Vodafone Idea’s share price fell by 14% on Friday, hitting a low of Rs 12.91 from the previous day’s close of Rs 15.09. This drop followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also indicated a potential downside of up to 83%. Additionally, based on the recent capital raised, GS has forecast a further 300 basis points of share loss for Voda Idea over the next 3-4 years.

Indian benchmark indices Sensex and Nifty fell sharply on Friday as investors awaited a crucial US jobs report that could influence the Federal Reserve's interest rate decisions. The BSE Sensex dropped 813 points, while the Nifty50 declined by 252 points.

Baazar Style Retail Share Price: Baazar Style Retail, backed by Rekha Jhunjhunwala, debuted on the BSE at Rs 389. The IPO received a strong response with nearly 41 times subscription. The company plans to use the proceeds for debt clearance and corporate purposes. Baazar Style is a leading value fashion retailer in Eastern India with significant market share in West Bengal and Odisha.

Boss Packaging Solutions, criticized for its shabby office, saw its shares debut at a 25% premium on the NSE SME platform. The IPO aimed to raise Rs 8 crore but received bids over Rs 1,000 crore. The company plans to use the proceeds for machinery purchase and working capital.

Domestic brokerage firm Nuvama has turned bullish on Titan, setting a near-term target price of Rs 4,710 with an upside potential of 26.5%. The firm also predicts a long-term target of Rs 5,425 within 12 months. Early signs indicate a trend reversal and potential gains for the stock.

Rama Steel Share Price: Shares of small-cap stock Rama Steel Tubes (RSTL) have surged 42% over the past 2 days, nearing their all-time high of Rs 16.82 on the BSE, following the company's announcement of a strategic collaboration with Onix Renewable for green and renewable energy.

Vodafone Idea’s share price fell by 14% on Friday, hitting a low of Rs 12.91 from the previous day’s close of Rs 15.09. This drop followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also indicated a potential downside of up to 83%. Additionally, based on the recent capital raised, GS has forecast a further 300 basis points of share loss for Voda Idea over the next 3-4 years.

VST Industries' shares surged 20% to Rs 486.70 on BSE after announcing a 10:1 bonus issue, with the record date revised to September 6. This is the company's first bonus issue.

Nifty Bank has underperformed Nifty50 and other sectoral peers over the past year, with private banks lagging due to valuation concerns. Despite some strong loan growth and solid capital adequacy ratios, rising deposit costs and moderation in net interest margins pose challenges. Experts remain cautious about the sector's near-term outlook.

Indian equity indices opened lower again due to declines in banking stocks. The BSE Sensex fell by 850 points to reach 82,018 and Nifty50 decreased by 44 points to hit 25,101 as traders await the US jobs report.

Baazar Style Retail Share Price: Baazar Style Retail, backed by Rekha Jhunjhunwala, debuted on the BSE at Rs 389. The IPO received a strong response with nearly 41 times subscription. The company plans to use the proceeds for debt clearance and corporate purposes. Baazar Style is a leading value fashion retailer in Eastern India with significant market share in West Bengal and Odisha.

JK Cement Ltd has broken out from a 27-week consolidation phase, reaching new record highs in September 2024. Experts suggest short-term traders could target above Rs 5,000 in the next few weeks. The stock is trading well above key moving averages and shows strong momentum indicators, making it a promising buy.

Several stocks, including HCL Technologies, Tata Motors, and HAL, are excelling with strong performance and lower price-to-earnings (PE) ratios. A lower PE ratio often signals undervaluation, making these stocks attractive to investors. These companies not only outperform their industries but also offer potential value. Here’s a list of 10 Nifty 200 stocks that exceed their industry performance and trade at lower PE ratios:

Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors through a qualified institutional placement. The company allotted over 1.3 crore shares at Rs 1,150 each, slightly below the floor price. This funding aims to support business expansion. Brigade reported a significant rise in net profit for the June quarter.