The Nifty Microcap 250 index has outpaced the Nifty Smallcap 250, climbing approximately 32% in the first 5 months of FY25, versus the Nifty Smallcap 250's 27% increase. ETMarkets analysis shows that around 10 of the Nifty Microcap 250's leading stocks have turned into multibaggers so far this fiscal year. Interestingly, all 10 of these standout stocks saw a rise in Foreign Institutional Investor (FII) stakes in the June quarter compared to the March '24 quarter (Data Source: ACE Equity). The Nifty Microcap 250 index tracks the performance of microcap stocks on the NSE, encompassing the top 250 companies beyond the Nifty 500, based on their average full market capitalization.

ASK Private Wealth has launched the ASK Wealth Advisors India Opportunities Fund, targeting Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) (excluding the US and Canada). The fund, aiming to raise $100 million, offers exposure to India's growing capital markets.

Buch emphasized the growing use of AI in capital markets, stating that AI will significantly reduce language barriers. She explained how AI could translate IPO summaries into multiple languages, enabling more people to access crucial investment information and become informed investors.

Shares of Brainbees Solutions, parent company of FirstCry, fell nearly 3% to Rs 624 on the BSE following its June quarter results. The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore in the same period last year. Revenue from operations increased by 17% to Rs 1,652 crore from Rs 1,407 crore YoY.

The price band will be issued on September 3 while the anchor portion will be on September 6, according to the RHP filing.

NBCC Share Price: The bonus shares will be issued from free reserves created from profits, as per the audited financial statements for the year ending March 2024.

Around seven new stocks have been added to the model portfolio and five have been dropped out. The stocks added to the model portfolio include Varun Beverages, ONGC, Larsen & Toubro, Ambuja Cements, HCL Tech, Delhivery, and ITC. The stocks which have been dropped out are Maruti Suzuki, Shree Cement, Wipro, Nestlé, and ICICI Prudential Life.

Varun Beverages Stock Split: Varun Beverages announced that September 12 will be the record date for its 2:5 stock split. Following the announcement, the company's shares rose 2% to a day’s high of Rs 1,533.50. The stock split will adjust the authorized share capital from Rs 1,000 crore divided into 2,000 crore shares of Rs 5 each to 500 crore shares of Rs 2 each.

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

Shares of RailTel, SJVN, and NHPC rose nearly 5% after being granted Navratna status. The designation allows significant investments and management authority, boosting their market performance and investor interest.

The Nifty index has shown a bearish trend in September, recording negative returns in six out of the last 10 years. This is largely due to selling by Foreign Institutional Investors, though Domestic Institutional Investors have often stepped in to stabilize the markets. Despite this, Nifty managed positive closings in certain years, including 2023.

The IPO of Gala Precision Engineering, which opened today, was oversubscribed within an hour, showing strong demand from retail and non-institutional investors. The employee-reserved category was highly subscribed, but qualified institutional buyers did not place any bids yet. The proceeds will be used for new facility establishment, equipment procurement, debt repayment, and corporate purposes.

The parties will also have the flexibility to participate in tenders and project bids either jointly or separately.

Shares of state-owned RITES rose nearly 3% today, peaking at Rs 666.35, following its announcement as the lowest bidder for a $26.74 million project with Tanzania Railways Corporation. The project includes the supply, testing, and commissioning of four Diesel Multiple Units (DMUs) for MGR.

Following the strong rally in Federal Bank, Axis Securities reiterated its rating on the bank with a target price of Rs 230, indicating an upside potential of 18% from the current market price of Rs 195.

Under the restructuring, the merger of GSPC with GGL will witness an issuance of 10 equity shares of GGL for every 305 shares of GSPC held by the shareholders while under the merger of GSPL with GGL, 10 shares of GGL will be issued against every 13 shares of GSPL held.

Ajanta Pharma Ltd's stock experienced mild consolidation in August but has since regained momentum, breaking above the Flag pattern. Experts suggest a target of Rs 3,384 in the next 3-4 weeks. The stock is trading above key moving averages, indicating a positive trend. RSI is at 67.3, suggesting potential gains ahead.

Despite starting August under a cloud of uncertainty, the month ended on a high note, driven by bullish momentum around anticipation of a rate cut by the US Fed. Going forward, market sentiments will be influenced by key US economic data including manufacturing PMI, non-farm payrolls, and unemployment claims, which will be released later this week. In this setup, here are 6 stocks that you can consider buying for returns up to 25% in the short term.Brigade Enterprises - Buy | Buying range: Rs 1,204 | Target: Rs 1,340 | Stop loss: Rs 1,145 | Return: 12% The stock has been moving within a broadening wedge chart pattern since November 2023 and has bounced off the pattern's support level of 1100 in August this year. The monthly MACD histogram has shown signs of exhaustion at lower levels hinting at an imminent pull back in the near term.Anand James, Chief Market Strategist, Geojit Financial Services

Ace investor Ashish Kacholia's portfolio of 38 stocks boasts impressive results, with five multibaggers showing significant growth in the April-June quarter. NIIT achieved the highest PAT increase of 222%, while Garware Hi-Tech Films reported a 102% rise. Other strong performers included Raghav Productivity Enhancers, Aditya Vision, and Gravita India.

Following the sale of a 5.83% stake by promoter Rakesh Gangwal, global indices have increased IndiGo's weightage, predicting notable inflows. After the sell-off, Gangwal's stake in IndiGo decreased significantly. The airline is expanding operations and introducing business class seats by November and wide-body planes by 2027.

Benchmark Nifty50 opened at a record high for the fourth consecutive session on Monday, fueled by gains in IT and financial stocks. This comes as data reveal that India's economic growth outpaced major economies despite a slowdown. India’s economic growth in the April-June quarter was 6.7% year-on-year (YoY), easing from 7.8% in the previous quarter, but still the world's fastest-growing major economy.

Benchmark Nifty50 opened at a record high for the fourth consecutive session on Monday, fueled by gains in IT and financial stocks. This comes as data reveal that India's economic growth outpaced major economies despite a slowdown. India’s economic growth in the April-June quarter was 6.7% year-on-year (YoY), easing from 7.8% in the previous quarter, but still the world's fastest-growing major economy.

More mid-cap stocks are joining the momentum party.

Japan's Nikkei average touched the 39,000 level for the first time since July, aided by a weaker yen and Wall Street's end-of-week gains. The stock market showed notable movements in Japanese exporters, with significant gains for major companies like Toyota and Honda. Investors remain cautious, closely monitoring U.S. labor data expected later this week.

The Indian market is expected to consolidate on Monday due to mixed global cues. On Friday, Nifty futures gained 0.53%, closing at 25,398. India VIX fell by 2.86%, from 13.79 to 13.39. In the options market, the highest Call open interest is at the 26,000 and 26,500 strikes, while the highest Put open interest is at the 25,000 and 24,000 strikes.

UBS has upheld a buy rating on Axis Bank, raising the target price to Rs 1,250 from Rs 1,150. Recent underperformance, driven by sectoral headwinds and weak Q1 results, is expected to persist short-term. Structural changes may stabilize metrics, but a re-rating depends on stable credit quality and growth. The bank's current valuation discount to peers seems reasonable.

Asian markets mostly followed Friday's rally on Wall Street, with Japan's Nikkei up 0.5% and adding to last week's 8.7% bounce. MSCI's broadest index of Asia-Pacific shares outside Japan barely moved, while South Korean stocks edged up 0.1%.

“Since the past few weeks, we have seen a steady recovery in Wipro stock as once again it reclaimed fresh momentum above 530 levels. Traders can buy for a target of Rs 610 in the next 1-2 months,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Deepak Fertilisers and other companies will be in focus today as they have fixed September 3 as the record date for dividend payments. Investors need to buy shares today to qualify for the dividends announced by these companies. Deepak Fertilisers declared a final dividend of Rs 8.5 per share for the financial year ending March 2024.

Star Entertainment's shares have been suspended by the Australian stock exchange for failing to submit financial results on time. The suspension follows a critical report about the casino operator's corporate culture. The company is assessing how this may affect disclosures for its fiscal 2024 results. The NSW Independent Casino Commission's investigation revealed slow progress in addressing governance and cultural issues.

If we see improved participation from the banking sector, Nifty could break past the 25,500 mark and move toward a new milestone of 26,000

If we see improved participation from the banking sector, Nifty could break past the 25,500 mark and move toward a new milestone of 26,000

Futures are 100% priced for a cut of 25 basis points on Sept. 18, and imply a 33% probability of 50 basis points. They also have 100 basis points of cuts priced in by December, and 120 basis points for 2025.

The Board of NBCC approved a bonus issue of shares to shareholders in the ratio of 1:2, which means investors will get one additional share for every 2 shares investors hold in the company.

The bank is optimistic that the festive season would boost the credit card segment. At the end of July, the total outstanding credit cards in the country stood at 104.5 million.

Parent Coca-Cola Co will decide if the deal will involve one or two co-investors, or if negotiations lead to creation of an investor consortium. A decision is likely by the end of this fiscal year. ET was first to report on June 18 that Coca-Cola had sounded out a group of Indian business houses and family offices of billionaire promoters to buy into HCCB, an arm it eventually wants to take public to cash in on the bullish domestic capital markets.

However, if 24,850 is breached, profit booking up to 24,500 cannot be ruled out, analysts added. Infosys, L&T, TVS Motor, Bajaj Finance, Cipla, ICICI Bank, Glenmark, BPCL, TCS, Bajaj Auto, and Tata Motors have formed bullish patterns on charts, according to analysts.

"The real excitement kicks in if F&O inclusion for both these names happens within the next few months," said Nuvama Alternative's head Abhilash Pagaria. "This could pave the way for Zomato and Jio to enter the Nifty 50 in the March 2025 review."

The newer players, such as Yatharth Hospital and Jupiter Life Line, have gained 58% and 25%, respectively, since their listings. Not just hospitals, even medical insurance administrator Medi Assist, that works with hospitals, has also gained 28% since its listing in January this year.

PNB Housing Finance, backed by Carlyle, aims to grow its affordable loan book to ₹15,000 crore by FY27. Currently, the affordable housing sector contributes ₹2,500 crore. The lender plans to shift focus to high-yielding segments and expects its overall loan book to grow by 18% in the next three years.

Acko, supported by major private equity firms, plans to invest ₹1,000 crore in its life insurance sector over the next five years. Founder Varun Dua revealed the company's strategy will focus on term insurance and protection products, aiming to become a dominant player in this segment without launching investment-related offerings.

Wipro Ltd, a large-cap IT company, has broken out from an inverse head-and-shoulders pattern on daily charts, setting a potential for it to reach a new 52-week high. Analysts suggest buying with targets above Rs 600 in the next 1-2 months. The stock is trading above key moving averages and showing bullish signals.

The US Fed, in its Jackson Hole speech, signaled a likely rate cut beginning in September, prompting the US 10-year yield to soften and the dollar index to fall to a seven-month low. Despite this, Indian 10-year G-sec yields have remained steady. This is due to the RBI’s limited ability to adjust its monetary stance, influenced by India’s unique supply-driven inflation dynamics.

Raymond, a diversified group which will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said.

As September begins, the Indian stock markets may experience a period of volatility in the coming week, largely driven by global and domestic factors.

While there can be a debate on whether, after the run up that hotel stocks saw in the last three years, are they cheap or not, and whether one should buy them now. But when it comes to tourism and the possibility that it will grow at a much faster rate, there is little room for debate. Now the question is if one buys only one set of stocks, for example hotel stocks, they come with their own plus and minus, right from the business risk of that industry to the fact that in tourism business, there are many segments, so there is a premium segment, there are travelers who travels by train and stay in medium size hotel which are not even listed. But then he has spent money in booking his ticket which has been captured on a railways ticketing platform. So, why not have that railway ticketing platform in a small portion of the portfolio.

Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03.

While September is likely to see continued interest from FPIs, the flows would be shaped by a combination of domestic political stability, economic indicators, global interest rate movements, market valuations, sectoral preferences, and the attractiveness of the debt market, Vipul Bhowar, Director Listed Investments, Waterfield Advisors, said.

Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03.

In the week ending August 30, the Indian benchmark index Sensex posted a weekly gain of approximately 1.58%. During this rally, nine penny stocks saw their prices rise between 10% and 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)