Despite the listing being below grey market expectations, the IPO was oversubscribed 152 times, showing solid investor confidence.

US-based GQG Partners has increased its stake in GMR Airports Infra from 4.74% to 5.17%. GMR Airports Infra shares, which gained 58% in the past year, continue to attract attention. Jefferies also recently added GMR to its portfolio, highlighting the company's growth potential.

Bharti Airtel will hold over 50 per cent stake in Indus Towers after the ongoing Rs 2,640-crore share buyback scheme is completed. Indus Towers began the buyback of over 5.67 crore shares at Rs 465 each on August 14. Currently, Bharti Airtel has a 48.95 per cent stake in Indus Towers.

Zee Entertainment shares rose 2.7% after the company announced a settlement with Sony's Culver Max Entertainment. Both parties agreed to withdraw all claims related to their failed merger, which had earlier received necessary regulatory approvals. The failed merger would have created India's largest entertainment network. Zee shares had fallen 46.5% this year.

Global brokerage firm Jefferies has upgraded Zydus Lifesciences to a 'Buy' rating, citing the strength of the company’s US pipeline as a major growth driver. Jefferies raised its target price to Rs 1,450 from Rs 1,210, indicating a 30% upside from the previous closing price of Rs 1,113.80.

The transaction completion led to a boost in Paytm and Zomato's share prices. Payments will be completed after post-closing audit adjustments.

SBI Chairman Dinesh Kumar Khara retires, leaving behind a goal of Rs 1 trillion annual profit for his successor. During his tenure, SBI's profit rose significantly, deposits grew, and non-performing assets decreased. Khara, who took over during the Covid crisis, leaves a legacy of remarkable financial growth and stock performance.

The annual general meeting of Reliance Industries Ltd (RIL) is set for August 29. While RIL shares have slightly underperformed benchmarks since the last meeting, they have still delivered solid returns. Investors are keenly anticipating updates on the listing of retail and digital businesses, potential stake sales, and progress in the new energy sector.

Shares of central PSU NBCC climbed 8% to Rs 192.40 on BSE following the company's announcement to consider issuing bonus shares. The meeting is scheduled for August 31, 2024. NBCC, previously distributing bonus shares in February 2017, often rewards its shareholders with dividend payouts.

Warren Buffett's Berkshire Hathaway has sold additional Bank of America shares worth $982 million, bringing the total stake reduction to 13% and generating $5.4 billion since mid-July. The move marks a significant pullback from an investment that began in 2011. Berkshire remains the bank's largest shareholder, holding shares worth $35.9 billion.

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

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

ICICI Prudential Life Insurance reached a record high in August 2024 and has been consolidating around Rs 700 since July. Experts recommend buying on dips, targeting Rs 820 within 3-4 weeks. The stock remains above critical support levels and moving averages, reflecting bullish sentiment among traders.

Orient Technologies' shares debuted with a significant premium on BSE and NSE compared to its issue price. The IPO received strong investor interest, especially from non-institutional investors. The proceeds will fund capital expenditures and office acquisitions. The company, specializing in IT infrastructure, reported a notable revenue and profit increase in FY24.

Mutual funds have raised their stakes in several notable companies in the first quarter of FY25. According to StockEdge data, here are ten stocks from the Nifty200 index where mutual funds increased their holdings significantly in Q1:

SBI Chairman Dinesh Kumar Khara retires, leaving behind a goal of Rs 1 trillion annual profit for his successor. During his tenure, SBI's profit rose significantly, deposits grew, and non-performing assets decreased. Khara, who took over during the Covid crisis, leaves a legacy of remarkable financial growth and stock performance.

LTIMindtree shares rose 3.6% to Rs 5,950 after Kotak Institutional Equities upgraded the stock and raised its target price to Rs 6,200, citing recovery prospects and strong growth. The company also received a stay order on a Rs 378 crore GST notice.

Shares of Balu Forge Industries, backed by investor Ashish Kacholia, have surged over 1300% in the last two years, driven by strong profit growth. The stock, which manufactures crankshafts and forged components, saw profit booking on Monday, falling by 1.5%. Experts suggest monitoring the Rs 740 and Rs 800 levels for future price action.

Sensex and Nifty were slightly higher on Wednesday, driven by gains in auto and energy stocks. Notable gainers included M&M, Tata Motors, and Reliance Industries. NBCC gained over 8% as its Board is set to meet for potential bonus shares issuance.

The Indian market is expected to consolidate on Wednesday with mixed global cues. Nifty futures fell 0.17% to 25,001. India VIX decreased to 13.70. Options data suggests a broader range of 24,600-25,500 and an immediate range of 24,800-25,300. Key support is at 24,900 and 24,800.

GMM Pfaudler shares surged by 8% to Rs 1,511 on the BSE due to a Rs 557 crore block deal. Approximately 41.2 lakh shares, representing 9.2% equity, were traded. The official parties involved in the large trade are not currently known. Over the past year, the company’s shares have dropped 4.5%, and by 7.2% year-to-date.

Axis Capital has downgraded IndiGo from a buy rating to an add rating, though it has raised the target price to Rs 5,100 from Rs 4,700. The downgrade reflects limited upside potential, with Axis Capital highlighting supply-side issues and noting that further improvement may be constrained as load factors are already at an optimal level of 80%.

IG Petrochemicals and several other companies have set August 29 as the record date to determine eligible shareholders for dividend payments. Today is the last day to buy shares to qualify for these dividends. Investors who purchase shares on the ex-date do not qualify. Key stocks trading ex-dividend from Thursday are listed.

Japan's Nikkei share average declined on Wednesday, impacted by a strengthening yen that affected exporters and added caution ahead of Nvidia's earnings. The Nikkei dropped by 0.3%, with a mixed performance among automakers and semiconductor-sector shares. Toyota Motor rose, while chip-testing machinery giant Tokyo Electron pulled back significantly.

The April-June quarterly results of Indian companies were disappointing, with BSE 500 firms showing just an 8% revenue growth and a 3% profit rise. Analysts will closely monitor future earnings. Professionals from sectors such as automobiles, consumer goods, and healthcare are cautiously optimistic, expecting better performance due to favorable conditions in the upcoming months.

Citibank N.A. has settled with SEBI by paying ₹40.2 lakh for violating foreign portfolio investor norms, after it was found that a team member had copied an end-client's signature without their knowledge, leading to a show cause notice from the regulator.

Pharma stocks have gained investor interest as the Nifty Pharma index reaches new highs. Amid economic uncertainties, defensive sectors like pharma offer minimal risk. Notable picks include Lupin, Sun Pharma, and Dr Reddy's. The sector saw significant foreign inflows, driven by the performance of the generic drug Revlimid.

“We are steady uptrend in the FMCG index and Tata Consumer looks set to resume the trend. Traders can buy for a target of Rs 1390 in the next 1-2 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.

The S&P 500 ended higher driven by anticipation of Nvidia's quarterly report. Nvidia's shares rose 1.5%, being the most-traded company, while heavyweight tech stocks were mixed. Meanwhile, economic data showed increased consumer confidence, influencing investor expectations for future interest rate cuts. Paramount Global and Tesla shares declined amid specific company news.

Stocks in news: India's Sensex and Nifty ended a turbulent session flat amid profit-taking and rising geopolitical worries. Stocks like Tata Technologies, SBI Card, and Jio Financial drew attention due to various news developments, including Tata Technologies' 3% stake sale worth Rs 1,230 crore by TPG.

Asian stocks dipped as traders await Nvidia’s earnings to gauge the AI market's strength. With Japan and Australia's markets seeing declines and Nvidia accounting for over 6% of S&P 500's market cap, all eyes are on the giant chipmaker. Recent US consumer confidence data highlighted mixed economic sentiment.

The markets experienced little action with negligible gains as the Nifty 50 Index remained in a flat range. The breakout is spreading to more sectors as market breadth turns better. Tata Tech shows signs of trend reversal, while Century Textiles broke out from a horizontal resistance, suggesting a potential 7% upmove.

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The FMCG stock initially surged to a new high but encountered resistance around 1250-1260, leading to a period of consolidation that formed a 'cup' pattern on the chart. Currently, the stock is showing signs of recovery, bouncing off its 40-day moving average. Technical analysts suggest that a decisive breakout above the 1,254-1,260 resistance zone could trigger a significant upward move, potentially pushing the stock towards the 1300 level in the coming months.

TPG sold a 3% stake in Tata Technologies on Tuesday for Rs 1,230 crore through Rise Climate Sf Pte Ltd. The shares, priced at Rs 1,014.16 each, were sold at a 3.2% discount to Monday’s closing price.

Kerrisdale Capital on Tuesday disclosed a short position in Lumen Technologies and raised doubts on its focus on artificial intelligence to fuel a turnaround in the company's telecommunications business, sending its shares down 11%.

Domestic benchmark equity indices ended flat on Tuesday, as gains in financial stocks were offset by losses in energy and consumer sectors. The S&P BSE Sensex closed 0.02% higher at 81,711, while the NSE Nifty50 remained above the 25,000 mark."The Nifty is likely to remain range-bound or might experience a slight dip in the near term. On the lower end, 24,800 could act as immediate support, while a rise above 25,100 might push the Nifty towards 25,300," said Rupak De of LKP Securities.Here are 4 stock recommendations for Wednesday:

Dinesh Khara has resigned as Director of SBI Cards and Payment Services, effective today, following the completion of his term as Chairman of the State Bank of India.

Wall Street's main indexes opened lower on Tuesday as caution prevailed ahead of highly anticipated results from Nvidia and crucial economic data expected later in the week.

On Tuesday, India's benchmark Sensex closed slightly higher, gaining 14 points to finish at 81,712. Despite the modest overall gain, six stocks within the BSE FMCG index reached their highest prices in the past year. A 52-week high is notable as it represents the peak value of a stock over the last 12 months, providing valuable information for traders and investors. This achievement is crucial for assessing a stock's current value and predicting future price trends.

Hindenburg Research announced a short position in Super Micro Computer, alleging accounting manipulation. The server maker's shares dropped approximately 5% in early trading. Closely linked with Nvidia, Super Micro has benefited from the AI boom. Hindenburg's report also claims other issues like undisclosed related party transactions and export control failures.

The possibility of the Chinese yuan increasing in value is looking even more likely now that Federal Reserve Chairman Jerome Powell has signaled the US is ready to lower interest rates. However, the yuan's rise won't necessarily be immediate. It might happen later, when the US dollar weakens further and the US achieves a "soft landing" - that's when inflation slows down without causing a recession.

The 30 stocks in the index are weighted according to their free-float market capitalization. The index includes companies from various sectors, such as financial services, consumer discretionary, energy, commodities, healthcare, industrials, FMCG, IT, and utilities.

Indian equity indices closed flat on Tuesday as a rise in financials offset a drop in energy and consumer stocks. In Tuesday’s trading session, six Nifty 50 stocks reached new 52-week highs, reflecting strong performance across various sectors. Here’s the list:

Muthoot Microfin has finalised a deal with Dutch development finance institution Triple Jump to raise $15 million in non-convertible debentures, while it is in advanced stage of discussions to raise another $35 million from Swiss impact investor BlueOrchard even as the microfinance sector is facing headwinds with symptoms of overheating visible in some pockets.

To gain momentum, the market needs to break through recent highs soon. Key support levels to watch are 24,975 and 24,850, while resistance is expected at 25,080-25,100 and then at 25,400. Traders should closely monitor these levels to make informed decisions, according to Rajesh Bhosale of Angel One.

Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify borrowings, its chief executive told Reuters on Tuesday.

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

Indian market closed flat but near a fresh record closing high on Tuesday. The S&P BSE Sensex closed above 81,700 while the Nifty50 also managed to settle above 25000 levels for the second straight day.

Shares of PFC and REC rose over 4% on BSE as the RBI considers a staggered approach to increasing provisioning requirements for project financing. This move aims to mitigate the impact on lenders and avoid making projects unviable.