Mukesh Ambani-led Reliance Industries (RIL) on Thursday announced that its board has approved the issuance of bonus shares in the ratio of 1:1

Bulls showed their strength once again with the Nifty and sensex witnessing Intraday recovery on a day when the global market had witnessed a correction. Given the out performance which Indian markets have been showing, one has to continue with a bullish stance, the only thing, look at some things more carefully before taking fresh exposure and probably even think of doing a rejig of the portfolio, giving more weightage to a stronger balance sheet and management past track record of dealing with different conditions.

ETMarket has identified eight stocks that have consistently gained over 20% in share price in each of the last four quarters, including the current July-September period (to date). These stocks have delivered returns of 3 to 7 times for investors over the past year. Our screener focused on stocks with a market cap above Rs 1,000 crore and excluded companies with net sales below Rs 100 crore in the June quarter or those that reported a net loss. (Data Source: ACE Equity)

The partnership signifies RSTL's debut in the green energy sector. The company has broadened its capabilities and engineered specialized steel structures and tracker tubes, essential components for the construction of new solar power projects.

As India celebrates Teachers' Day, we reflect on timeless investing wisdom from market legends like Warren Buffett, Charlie Munger, and Peter Lynch. Their principles highlight the importance of understanding, skepticism, patience, and self-reliance amid today’s proliferation of dubious investment advice.

Stability in US markets sets the tone for the resumption of the rally in India. Following a rebound in Asian markets after a steep sell-off in the previous session, key domestic equity indices, Sensex and Nifty50, traded higher on Thursday, In this upward-trending market, individual stocks are showing strong rallies, delivering positive returns to investors.Here are the top 4 emerging picks from domestic brokerage firm Anand Rathi that have an upside potential of up to 20%:

Madhabi Puri Buch's resignation demanded: Disgruntled Sebi employees staged a silent protest outside the Mumbai headquarters, demanding the withdrawal of a statement blaming 'external forces' for their grievances and seeking the resignation of their boss. The protest follows an unprecedented complaint to the finance ministry about a toxic work culture under Sebi's leadership.

ETMarket has identified eight stocks that have consistently gained over 20% in share price in each of the last four quarters, including the current July-September period (to date). These stocks have delivered returns of 3 to 7 times for investors over the past year. Our screener focused on stocks with a market cap above Rs 1,000 crore and excluded companies with net sales below Rs 100 crore in the June quarter or those that reported a net loss. (Data Source: ACE Equity)

On Thursday, retail investors showed a 3.3% subscription rate for the General Insurance Corp offer for sale (OFS) on its opening day for retail participation. The issue had been available for non-retail investors since Wednesday.

PNB Housing Finance Share Price: Shares of PNB Housing Finance surged 5.4% to a 52-week high of Rs 1,109.9 on the BSE during Thursday’s trading. The increase followed the company’s announcement of plans to raise nearly Rs 2,500 crore through NCDs on September 9. According to an exchange filing, the board will meet on September 9, 2024, to consider and approve the issuance of up to Rs 2,500 crore in NCDs via private placement in tranches over the next six months.

Japan's Nikkei share average fell 1% to its lowest level since mid-August, influenced by a stronger yen and losses in semiconductor stocks. Investors are keenly awaiting U.S. non-farm payroll data to assess the economy. Key exporters like Toyota and Sony saw declines, while chip-related stocks followed a slump in U.S. technology shares.

Bulls showed their strength once again with the Nifty and sensex witnessing Intraday recovery on a day when the global market had witnessed a correction. Given the out performance which Indian markets have been showing, one has to continue with a bullish stance, the only thing, look at some things more carefully before taking fresh exposure and probably even think of doing a rejig of the portfolio, giving more weightage to a stronger balance sheet and management past track record of dealing with different conditions.

Vedanta Share Price: Vedanta shares climbed 2% after ICRA upgraded the company’s long-term ratings. This upgrade was based on the anticipated improvement in Vedanta's credit metrics.

Linde India shares surged 6.1% to Rs 7,641.60 following the company's announcement that it has signed a plant sale agreement with Tata Steel to acquire their industrial gas supply assets.

India has overtaken China in the MSCI EM Investable Market Index and is close to becoming the largest weight in the more popular EM index. This shift indicates increased foreign investment flows into Indian equities, driven by improving free float and rising relative earnings.

Shares of Cholamandalam Investment and Finance Company surged 4.3% to a new all-time high after Goldman Sachs initiated coverage with a target price of Rs 1,786, indicating a 20% upside potential. The company posted strong earnings growth and market share gains, with a robust loan growth driven by new business diversification.

Shares of PNB Housing Finance surged 5.4% to a 52-week high of Rs 1,109.9 on the BSE during Thursday’s trading. The increase followed the company’s announcement of plans to raise nearly Rs 2,500 crore through NCDs on September 9. According to an exchange filing, the board will meet on September 9, 2024, to consider and approve the issuance of up to Rs 2,500 crore in NCDs via private placement in tranches over the next six months.

Shares of AU Small Finance Bank rose 5% to a day’s high of Rs 722.50 on the BSE after Goldman Sachs initiated coverage with a target price of Rs 831, suggesting a 21% upside from Wednesday’s close of Rs 688. The stock has also gained 7% over the last two days, following the bank’s application to the RBI for a transition from a small finance bank to a universal bank.

Sona BLW Precision Forgings' shares surged 4% to Rs 751 after the company announced a floor price of Rs 699.01 per share for its qualified institutional placement. The company may offer a discount of up to 5% on this floor price. Sona Comstar's shares have gained 26% over the past year.

Zomato Share Price: Shares of Zomato surged 7.6% on the BSE today, hitting an intraday high of Rs 261.50, following JPMorgan's target price increase to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan highlighted Zomato’s leadership in retail consumer transformation through Quick Commerce and its expansion across metros after validating the model in NCR.

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 Thursday's trading session, five stocks saw fresh long positions. Here’s the list:

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 Thursday's trading session, five stocks saw fresh short positions being built. Here's the list:

SBI Cards & Payment Services Ltd has reclaimed its 200-DMA after a significant drop from its September 2023 highs. Experts suggest that short-term traders with a high-risk profile could consider buying the stock for a target of Rs 820 in the next 1-2 months, given its current positive momentum and technical indicators.

Raymond Lifestyle, which demerged from Raymond Ltd in June, began trading on the stock exchanges today. The stock is listed at Rs 3,020 on NSE and Rs 3,000 on BSE, giving it a valuation of approximately Rs 18,300 crore. The listing positions Raymond Lifestyle as a key player in India's wedding and ceremonial market.

Several brokerages have downgraded target prices for multiple stocks over the past month. According to Trendlyne data, 10 stocks, including IndusInd Bank, Bajaj Finance, Dalmia Bharat, ACC, and Maruti Suzuki, have experienced downgrades from up to eight analysts.Here is a list of these stocks and their revised target prices:

Suzlon Energy shares rose nearly 3% after the company signed a sale deed for its One Earth Property with OE Business Park. The property will be leased back to Suzlon for five years. The deal is valued at around Rs 440 crore. Suzlon also recently acquired a 76% stake in Renom Energy Services.

Shares of Zomato surged 7.6% on the BSE today, hitting an intraday high of Rs 261.50, following JPMorgan's target price increase to Rs 340 from Rs 208, while maintaining an overweight rating. JPMorgan highlighted Zomato’s leadership in retail consumer transformation through Quick Commerce and its expansion across metros after validating the model in NCR.

Sensex and Nifty50 traded higher on Thursday, driven by gains in Reliance Industries and banking stocks. Sensex rose by 185 points to 82,537, while Nifty50 increased by 56 points to 25,254. The previous session saw a sell-off due to weak U.S. economic data. Key gainers included UltraTech Cement, Tata Steel, and ICICI Bank.

The Indian market is expected to consolidate on Thursday due to muted global cues. The Nifty future saw a decline of 0.41% on Wednesday, with India VIX rising by 3.86%. Experts suggest a broader trading range between 24,900 and 25,700 zones. Key stock recommendations include Apollo Tyres, Hindustan Unilever, and Apollo Hospitals.

JPMorgan has raised its target price for Zomato to Rs 340 from Rs 208, maintaining an overweight rating. Zomato is transforming retail with Quick Commerce and expanding in metros. The firm expects it to disrupt e-commerce, increasing forecasts for FY25-27 by 15-41%. Zomato is also expanding its "Going Out" business.

The Nifty50 index opened lower on Wednesday but recovered more than half of its losses, indicating strong support around 25,000 levels. The index faces immediate resistance at 25,300 levels. Jay Thakkar from ICICI Securities suggests a Bear Put Ladder options strategy for potential gains within this range.

Reliance Industries' board will consider issuing bonus shares in a 1:1 ratio, as announced by Chairman Mukesh Ambani during the company's 47th AGM. The move aims to reward shareholders and enhance liquidity. RIL has a history of bonus issues and reported a record annual profit of Rs 79,020 crore in FY24.

Reliance Industries' board will consider issuing bonus shares in a 1:1 ratio, as announced by Chairman Mukesh Ambani during the company's 47th AGM. The move aims to reward shareholders and enhance liquidity. RIL has a history of bonus issues and reported a record annual profit of Rs 79,020 crore in FY24.

PN Gadgil Jewellers has set a price band of Rs 456-480 per share for its Rs 1,100-crore IPO, opening on September 10. The funds will be used for new stores, debt repayment, and corporate purposes. The company is expanding rapidly with significant revenue growth and profitability improvements.

Prestige Estates Projects Ltd has raised Rs 5,000 crore through a Qualified Institutional Placement by selling equity shares to institutional investors. The company allocated nearly 3 crore shares at Rs 1,674 each, a discount on the floor price. Despite recent declines in profit and sales bookings, Prestige remains optimistic about future project launches.

GNFC, Gujarat State Petronet, and NBCC (India) are among 45 companies setting September 6 as the record date for dividend eligibility. Today is the last day to buy shares to qualify for these dividends. Investors must purchase shares at least one day before the ex-date to be eligible.

Reliance Industries' board will consider issuing bonus shares in a 1:1 ratio, as announced by Chairman Mukesh Ambani during the company's 47th AGM. The move aims to reward shareholders and enhance liquidity. RIL has a history of bonus issues and reported a record annual profit of Rs 79,020 crore in FY24.

Retail investors can consider buying General Insurance Corporation shares in the ₹4,701-crore offer for sale on Thursday. Analysts suggest long-term holding for potential gains. The government is selling 6.78% of its stake, reducing its holding to 79%. GIC shares have risen 27% in 2024, outperforming the Nifty 500 index.

Financial planners suggest equity investors build a core and satellite portfolio, combining active and passive strategies. The core should be long-term oriented with large-cap focus, while the satellite portion can take tactical bets on sectors or themes. This mix aims to optimize returns and manage risks effectively.

U.S. stocks ended slightly down in volatile trading after labor market data and comments from a Federal Reserve official suggested an interest rate cut might be imminent. Job openings fell to a 3-1/2-year low, potentially supporting the Fed's decision. Nvidia and other tech stocks slipped, while Tesla shares rose.

Indian equity indices fell on Wednesday, influenced by a sell-off on Wall Street due to weak US manufacturing data. The Nifty dropped 0.3% and Sensex declined 0.25%. Losses were limited by falling global oil prices. Analysts suggest a short-term correction but expect the market to resume its rally soon.

Sebi has claimed that its officers were misguided by external elements to raise concerns about leadership and HR practices, leading to a complaint to the finance ministry. The regulator denied allegations of a toxic work culture and said some employees were using these issues to seek monetary benefits.

The dollar fell on Thursday as traders anticipated a significant rate cut from the Federal Reserve due to concerns over the U.S. economy's growth outlook. The yen strengthened on safe-haven demand, while U.S. job openings hit a 3-1/2-year low, indicating a cooling labor market. Focus remains on Friday's nonfarm payrolls report.

The yen strengthened as the dollar remained weak, with investors anticipating a Federal Reserve interest-rate cut. Japan's Nikkei 225 fell, while South Korea and Australia saw gains. US futures were stable after a slight drop in the S&P 500 and Nasdaq 100. Key economic data, including Friday's payrolls report, will influence future rate decisions.

Stocks in news: Equity markets paused after a 14-day winning streak, closing lower on Wednesday amid weak global trends. Key stocks in focus include GIC Re, RIL, Vedanta, Sona BLW, PNB Housing Finance, and Suzlon Energy due to various developments such as stake sales, fundraising plans, and business expansions.

It was a mild corrective jerk for the markets; the Nifty opened on a negative note but trended higher during the day to recoup a portion of its losses. The Nifty saw a nearly a gap-down opening as it opened over 190 points lower. However, it also formed its high point in the early seconds of the session. While putting its intraday bottom in place, the Index slowly higher and in the process recouped a significant portion of the opening losses. The benchmark index closed with a net loss of 81.15 points (-0.32%).

FDC, a pharma stock, surged over 20% in the last three months, breaking out from an upward Rising Channel formation. Experts suggest it could reach 600 levels soon. The stock hit a record high of Rs 552 on September 2, 2024, but saw mild profit-taking. It remains above key moving averages, indicating bullish momentum.

The Nasdaq slipped and the S&P 500 remained flat after a soft job openings report raised concerns about the U.S. economy. Job openings in July were lower than expected, ahead of crucial August payroll data. The Dow Jones rose slightly, while technology stocks continued to decline.

Dollar Tree joined main rival Dollar General in cutting annual forecasts after missing quarterly estimates on Wednesday as the discount store operator struggles to attract price-sensitive shoppers amid rising competition.

Chip companies led by market cap leader Nvidia were set to extend losses on Wednesday after a bruising sell-off in the previous session, reflecting the growing concern on Wall Street over the stocks' lofty valuations as AI optimism cools.