Target: ₹1,590 CMP: ₹1,322.30 In our initiating coverage report on Adani Ports & SEZ Ltd in Oct’23, we had highlighted that the company’s improving utilisation
Category: Cryptocurrency
Nabhdrishti Aerospace raises ₹3 crore in pre seed round
Deep tech startup, Nabhdrishti Aerospace raised ₹3 crore in a funding round led by IIMA Ventures (formerly IIMA-CIIE). The current influx of capital will aid
Net profit for Sify remains flat in Q4; saw a steep decline in FY24
Sify Ltd, the Chennai-based ICT service and solution provider, reported a consolidated net profit of ₹3.8 crore for the fourth quarter ended March 31, 2024,
Wipro gains post Q4 results, brokerages estimate weak near-term outlook
Shares of Wipro rose 2.03 per cent on Monday’s trade to close at ₹461.95 on the NSE despite posting weaker-than-expected March quarter financial results. Even
2024 Elections: Profit booking post-elections coming anyway, Bernstein
Foreign Brokerage Bernstein, part of Societe General Group, sees profit booking post-elections in the Indian equity markets coming anyway, noting that the election results will
F&O Tracker: Bounce Back Prospects Emerge in Indices
Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices
Premier Energies to float IPO, to raise ₹1,500 crore
Premier Energies Limited, an integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW respectively, has filed
Geopolitical jitters pause FPIs’ Indian debt investments, net outflows reach ₹6,124 crore in April
After six months of strong buying and consistent monthly inflows, Foreign Portfolio Investors (FPIs) shifted their strategy in April, becoming net sellers in the debt
Broker’s call: Senco Gold (Buy)
Target: ₹1.277 CMP: ₹954.80 An all-India retailer of gold and diamond jewellery at various prices, Senco Gold has major market share in East with ~79%
Sensex, Nifty rebound; bank stocks advance
BSE Sensex rose 562.09 pts or 0.78 per cent to trade at 73,051.08 as of 2.08 pm, and Nifty 50 rose 176.35 pts or 0.8 per cent to trade
ICICI Securities net doubles in Q4
ICICI Securities, soon-to-be-delisted, has reported a 104-per cent year-on-year rise in consolidated net profit for the quarter ended March 2024. Its net zoomed to ₹535.35
KFIL restarts mini blast furnace operations at Hiriyur plant amidst market recovery
The shutdown was part of KFIL’s strategic efforts to manage operations prudently against volatile market conditions, sustaining its production efficiency and overall business resilience. Also
Infosys announces collaboration with Proximus
Infosys Ltd has announced a collaboration with Proximus, Belgium’s digital services and communications solutions provider, on the ServiceNow platform. The IT major has supported Proximus
SDBL appoints Anand Agrawal as Chief Marketing Officer
Som Distilleries & Breweries Ltd (SDBL) has appointed Anand Agrawal as Chief Marketing Officer. Agrawal has over two decades of experience in brand management, trade
Broker’s call: ASK Automotive (Buy)
Target: ₹375 CMP: ₹309.20 ASK Automotive (ASK) is the leading manufacturer of 2W brake shoe and drum braking systems with a combined about 50 per cent
Happy Forgings bags order to supply brake flanges to global manufacturer; stock surges
Happy Forgings Ltd (HFL) has bagged an order for the supply of brake flanges for passenger vehicles to a global tier-1 manufacturer of automobile driveline
Indian Indices crack amid West Asia crisis
Indian equities extended losses for a second straight day as Israel weighed its response to a direct attack by Iran. Shares fell across Asia. Gold
Brigade Enterprises inks joint development agreement with Agni Estates worth ₹400 crore
Brigade Enterprises Ltd inked a joint development agreement with Agni Estates & Foundations Pvt Ltd to develop Brigade Tech Boulevard, a Grade A office space
Most PMS schemes beat Nifty in FY24
The majority of portfolio management services (PMS) schemes outperformed the benchmark Nifty 50 and BSE 500 in financial year 2024 amid a rally in mid
LIC sees 59% jump in value of investments in Adani stocks
LIC, the State-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani Group companies in 2023-24 fiscal year
Aster DM declares ₹118/share as special dividend
The board of Aster DM Healthcare on Friday approved a special dividend of ₹118 a share payable to those shareholders whose names stand on the
Emerging-market bulls tout Modi premium as election nears
Under Prime Minister Narendra Modi, India’s stocks have commanded an unprecedented premium to emerging-market peers. As he seeks a third successive term, investors are betting
Indices crack amid negative global cues
Indian equities slid over 1 per cent on Friday amid selling by overseas investors and negative global cues. The possibility of fewer rate cuts by
Sensex, Nifty dip amid inflation concerns
NSE Nifty declined 0.78%, or 177.80 points, to 22,576, while the BSE Sensex was at 74,469, down by 0.76 per cent or 568 points. Of
Fed talk, geopolitical tensions may keep markets on edge
Indian equities are likely to come under pressure on Friday amid negative global cues. Gift Nifty slipped around 1 per cent on Thursday. Nifty futures
Maharashtra Seamless bags order from ONGC for ₹674 crore
Maharashtra Seamless Ltd has received work order from ONGC for supply of casing seamless pipes. The contract is valued at ₹674 crore and is to
CLSA warns Vodafone Idea share price could drop to ₹5
Even as Vodafone Idea (Vi) is looking to do a follow-on public offer to raise ₹20,000 crore, analysts at CLSA warned that shares of the
Paytm shares decline 4% after CEO resigns
Shares of One97 Communications, Paytm’s brand owner, on Wednesday declined 4 per cent after Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, resigned from
Sensex scales mount 75k, hits fresh intraday high
The benchmark Sensex hit a fresh high and nudged past the psychological mark of 75,000 on Tuesday before slipping in late trade due to profit
Mid-day market update today: Sensex hits record high, Nifty stable
The NSE Nifty was down by 0.03 per cent or 6.75 points at 22,659.55, while the BSE Sensex was up by 0.03 per cent or
– The Hindu BusinessLine
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Edelweiss Financial Services launches ₹200-crore NCD issue
Edelweiss Financial Services Ltd’s ₹200-crore public issue for Secured Redeemable Non-Convertible Debentures with a face value of ₹1,000 each, opened on April 8. The issue,
Pre-IPO investment sees 3x surge in FY24
Companies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations
Four of top 10 valued firms add ₹1.71 lakh crore to mcap; HDFC Bank, LIC lead gainers
Four of the top 10 valued firms added ₹1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India
APSEZ: What Should Investors Do?
Last week, APSEZ announced the acquisition of Gopalpur Port in Odisha, which will make it the seventh Indian port to be acquired by the company
Bharti Hexacom IPO subscribed 30 times, thanks to QIBs
Thanks to a strong response from institutional investors, the public issue of Bharti Hexacom was subscribed nearly 30 times. The ₹4,275-crore issue, which opened at
Vijay Kedia-backed TAC Infosec jumps 3-fold on listing
TAC Infosec, risk and vulnerability management company, on Friday made a strong debut on the NSE Emerge platform. The stock was listed at ₹290, a
Angel One raises ₹15,000 million via QIP
Angel One has raised ₹15,000 million through qualified institutional placement (QIP). The total paid-up equity shares post allotment were 89,879,006, issued at a floor price
Broker’s call: Muthoot Finance (Buy)
Target: ₹1,948 CMP: ₹1,664.85 Muthoot Finance is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored
Sensex, Nifty fall in early trade after touching all-time highs
Benchmark equity indices fall on Thursday after Sensex and Nifty touching their all-time high levels, with investors opting for value-buying in bellwether stocks ahead of
Sensex, Nifty end flat amid volatility
Benchmark indices Sensex and Nifty, which opened on negative note tracking global markets, especially the US, ended flat on Wednesday. The 30-share BSE Sensex declined
equity markets fall in early trade amid negative global trends
Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday amid weak global trends, higher crude oil prices, and outflow of foreign funds.
Shorter settlement has benefited market: SEBI chief
The adoption of a shorter settlement cycle has benefited the securities ecosystem, said the chief of Securities and Exchange Board of India (SEBI). Speaking at
Windlas Biotech commissions injectables facility in Gurugram, shares up
Windlas Biotech Ltd’s shares were up 0.97% after the company reported that it commissioned an injectables facility in Gurugram for the manufacture of Small Volume
Indices start new fiscal on winning note, hit fresh highs
Indian equities started the new financial year on a strong note, hitting fresh highs, amid positive global cues. The Sensex ended with a gain of
Datamatics Global Services acquires Dextara Digital
Datamatics Global Services has announced the acquisition of Dextara Digital, a salesforce service provider. With the acquisition, Datamatics will expand its capabilities in the salesforce
F&O Strategy: Bull Call Spread on HDFC Bank
The stock of HDFC Bank (₹1,447.90) has been consolidating in recent weeks since a sharp fall in November. The stock finds immediate support at ₹1,400
F&O Tracker: Rudder in Bulls’ Hands
Nifty 50 (22,327) and Bank Nifty (47,125) extended the gain for the second week as they appreciated 1 per cent and 0.6 per cent respectively
Income Tax dept targets startups over share premium, issues notices
Mumbai Income tax authorities have issued notices to several startups in connection with the share premium money they received a couple of years ago, said
Investors reap rich harvest in both equity and gold amid huge volatility in FY24
With both equity and gold prices hovering around record highs, market experts believe investors should review their portfolio and book some profit from equity for
India Inc mop-up via IPO rises 19% to ₹61,000 crore in FY24
The funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116
Adani Green Energy commissions solar power projects at Khavda, Gujarat
Adani Green Energy Ltd, through its wholly-owned step-down subsidiaries, has operationalised an aggregate 775 MW solar power projects at Khavda, Gujarat. Also read: Adani Green
Indian equities beat most major markets in FY24
The benchmark indices logged gains on the last trading session of the financial year aided by positive global cues. The Sensex rallied nearly 1,200 points,
FPI flows into India hit record ₹3.33 lakh crore this fiscal year
India got overseas flows to the tune of ₹3.33-lakh crore, or $40.4 billion, in equities, debt and hybrid instruments put together this financial year, a
Crizac files DRHP with SEBI to raise up to ₹1,000 cr via IPO
Student recruitment solution provider Crizac has filed preliminary papers with markets regulator SEBI to raise up to ₹1,000 crore through an initial public offering (IPO).
Reliance Power subsidiaries settle ₹1,023-crore debt, shares rise
Reliance Power Ltd’s shares were up by 1.52 per cent after the company announced a significant debt settlement agreement between its subsidiaries and Authum Investment
BSE set to roll out T+0 settlement from Thursday
BSE Limited is “fully geared” to launch the beta version of T+0 settlement for 25 securities starting March 28, its MD & CEO Sundararaman Ramamurthy
Sensex, Nifty likely to open flat with negative bias, volatility ahead of F&O settlement
Domestic markets are expected to open flat with a negative bias on Tuesday after a long weekend. Analysts expect the market to remain volatile ahead
Fall in mid, smallcaps may spur rejig in MF flows
Small- and mid-cap schemes are likely to see lower inflows in March after the recent correction in the space and the regulatory diktat to conduct
Usha Martin fined for claiming wrong cenvat credit
Usha Martin Ltd has received an order from the Deputy Commissioner, Circle-A, Zone-IV, Jaipur, imposing penalty and interest alleged or claiming wrong cenvat credit. According
Investors vote against Religare Enterprises proposals
The shareholders of Religare Enterprises have voted against both the company’s proposal to invest in its subsidiary MIC Insurance Web Aggregator and the proposal changes
Global cues, FII activity to guide stock markets in holiday-shortened week: Analysts
Stock markets would be driven by global trends and foreign investors’ trading activity in the holiday-shortened week, analysts said adding that key equity indices may
Heavy subscription does not guarantee listing gains
A recent trend in the primary market offers a valuable lesson for traders, especially those who wish to bet on high subscription figures. With certain
Broker’s call: Punjab National Bank (Buy)
Target: ₹140 CMP: ₹122.70 Punjab National Bank`s return ratios have been still depressed versus its peers due to higher provisions and high operational costs but
Broker’s call: Adani Ports (OP)
Target: ₹1,562 CMP: ₹1,280.95 Adani Ports and SEZ (ADSEZ) has consistently gained market share, driven by organic growth from its Gujarat-based ports and through strategic
Welspun Corp’s shares rise 2.3% after receiving line pipe orders worth ₹2,039 crore in India and US
Welspun Corp Ltd has announced the receipt of line pipe orders in India and the US, cumulatively valued at ₹2,039 crore. According to the stock
Midcap Opportunities in Current Sell-Off: HSBC Global Research
HSBC Global Research prefers large-caps but sees opportunities in the current mid-cap sell-off too. The research house remains constructive on the broader market and ruled
Rail Vikas Nigam Ltd Wins ₹167.28 Crore Contract from SER HQ-Electrical
Shares of Rail Vikas Nigam Ltd rose 3.16 per cent on the NSE as of 11.12 am to trade at ₹246.75. The civil construction company
Subhash Chandra gets relief against SEBI’s summons
Market regulator SEBI has given an undertaking in the Bombay High Court that it will not take any action against Subash Chandra for a period
Jupiter Wagons to acquire Bonatrans India for ₹271 crore
The board of directors of Jupiter Wagons Ltd has approved the acquisition of Bonatrans India Pvt Ltd, by acquiring 94.25 per cent of shares for
SEBI moots draft papers of public offers to include audio-visuals
SEBI has proposed that the disclosures made in the draft red herring (DRHP) and red herring (RHP) prospectus of public issues be made available in
DP Abhushan receives nod for listing on BSE
D. P. Abhushan Ltd has received an in-principal approval for its direct listing on the BSE. The move will help the company in expanding its
Narayana Murthy gifts shares worth over ₹240 crore to 4-month-old grandson Ekagrah
Infosys co-founder NR Narayana Murthy has gifted shares worth over ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty. According to the exchange filing, the
Sensex, Nifty surrender early gains to trade lower
Benchmark equity indices faced volatile trends in early trade on Monday, surrendering their initial gains to trade lower, following a weak lead from Wall Street
Apple to pay USD 490 million to settle allegations that it misled investors about iPhone sales in China
Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone’s sales
US Fed interest rate decision key event to watch out for this week: Analysts
Stock markets would take cues from the biggest event of the week — the US Fed interest rate decision, besides tracking the trends in global
Broker’s call: Vinati Organics (Accumulate)
Target: ₹1,844 CMP: ₹1,583.10 Vinati Organics enjoys global leadership in two specialty chemicals, with a market share of 70 per cent in IBB (isobutyl benzene)
Broker’s call: JB Chemicals & Pharma (Add)
Target: ₹1,720 CMP: ₹1,550.75 We hosted investors for a visit to JB Chemicals’ Daman lozenges facility to better understand the outlook. Key takeaways include: Geographical
Beta version of same-day settlement gets SEBI nod
The board of Securities and Exchange Board of India (SEBI) on Friday gave its nod for the launch of a beta version of optional T+0
Paytm rebounds 5% as it secures third-party application provider license
Shares of India’s Paytm rose a stock exchange-allowed maximum of 5% on Friday, a day after it got a third-party application provider license that will
Broker’s call: Balrampur Chini (Buy)
Target: ₹500 CMP: ₹356.05 The current share price of Balrampur Chini (trades at 10.5xFY26EPS), we believe, disregards: improving sugar prices (ex-mill sugar price at 37-38/kg
L&T secures onshore gas pipeline project in the Middle East; stock rises
Larsen & Toubro (L&T), through its Hydrocarbon vertical, L&T Energy Hydrocarbon (LTEH), clinched an onshore gas pipeline project from a client in the Middle East.
Bajaj Auto buyback offer oversubscribed 6.89 times
Bajaj Auto’s ₹4,000-crore buyback offer received a strong response from investors. The offer was oversubscribed 6.89 times according to the data available at BSE. The
Bank Nifty Prediction Today – March 13, 2024: Stuck in a narrow range
Bank Nifty opened today’s session at 47,341 versus yesterday’s close of 47,282. While the index made a high of 47,468.70 in the early trade, it
Paytm effect: BSE asks members to avail other bank facilities
Following the the Reserve Bank of India’s recent restrictions on Paytm Payments Bank Ltd, BSE has advised its trading members to have additional bank accounts
Nifty and Sensex gain; Smallcap in correction mode
The NSE Nifty was up by 0.38 per cent, or 84.30, to 22,416.95 points, while the BSE Sensex was at 73,917.72, up by 0.57 per
Small-caps wilt under selling pressure on valuation concern
Broader market came under heavy selling pressure on Monday, amid talk of potential bubble in the small- and mid-cap segments and stiff valuation. The BSE
Market dips slightly, SEBI implements measures to curb small cap overvaluation
The NSE Nifty was down by 0.05 per cent or 10.25 points at 22,481.25, while the BSE Sensex was at 74,033.34 down by 0.13 per
SEBI notifies regulations for small and medium REITs
Securities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified that investment managers of such
Venus Remedies gets marketing authorisation for oncology drugs in Ukraine
Venus Remedies has received marketing authorisation for its oncology drugs in Ukraine. This includes Paclitaxel, 100mg/16.7mL, 260mg/43.3mL, 300mg/50mL and 30mg/5mL, Oxaliplatin in concentrations of 50mg/10mL
India to see record FPI inflows in FY24 on strong economic growth
The current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments
Small-cap mutual fund inflows moderate by 10% in February amid large-scale redemption
Inflows into small-cap mutual fund schemes moderated by 10 per cent last month to ₹2,922 crore against ₹3,257 crore in January due to large-scale redemption
Innerwear company Bummer raises ₹9.25 crore in funding
Bummer, an innerwear company has raised ₹9.25 crores in a Pre-Series A1 funding round. Also read: Lux Industries expecting good growth in mid-premium segment The
RVNL Stocks: Rail Vikas Nigam Limited bags multiple contracts
Rail Vikas Nigam Ltd has received multiple orders from Himachal Pradesh State Electricity Board Ltd and from Madhya Pradesh PoorvKshetra Vidyut Vitaran Company Ltd, Jabalpur.
Colossa WomenFirst fund raises ₹100 crore in its first close
On the eve of International Women’s Day, Colossa Ventures, a SEBI registered venture capital management company, has announced the first close of its maiden fund
Prestige Estates launches residential project in Whitefield, Bengaluru
Prestige Estates Projects Ltd has announced the launch of its new residential project – Prestige Somerville – in Whitefield, Bengaluru. According to the company’s statement,
Jefferies downgrades IIFL Finance, expects RoE hit of 460-480 bps
Brokerage firm Jefferies has downgraded its rating on IIFL Finance following RBI’s directive to the company to stop incremental gold loan sanctions, citing hit on
Venus Remedies receives disbursement of ₹7.5 crore under PLI Scheme, shares trade flat
Venus Remedies Ltd received the first disbursement of ₹7.5 crore under the Government’s Production Linked Incentive (PLl) scheme for the financial year 2022-23, which covers
Tata Motors races to new high on demerger plans
Tata Motors’ management might have decided to demerge its passenger vehicle (PV) and commercial vehicle (CV) businesses, but most domestic analysts do not see great
Crude oil declines as China’s GDP growth target fails to impress market
Crude oil futures traded lower on Tuesday morning as China’s GDP growth target failed to impress the markets. Also read: Crude oil up as OPEC+
Broker’s Call: Welspun Living (Buy)
Target: ₹181 CMP:L ₹153.80 India’s market share in the US home textile exports improved to 46/38 per cent in CY2023 for bedsheets/terry towels from 34/36
Nifty and Sensex hold steady; SEBI advisory may temper broader market
NSE Nifty was up by 0.08 per cent, or 57.60 points, to 22,396.35, while the BSE Sensex was at 73,829, up by 0.04 per cent
Gold, silver remain range-bound – The Hindu BusinessLine
Extending the lacklustre trend witnessed in January, precious metals remained range-bound and the price action was devoid of any direction in February. The strength in
NSE crosses nine crore unique investors mark
The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in
Sensex and Nifty close at record high levels during the special live trading session
Equity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on Saturday, extending their previous day’s sharp rally,
Bajaj Hindusthan, Ponni Sugars among 85 whose March sugar quota has been cut by Indian govt
Listed firms such as Bajaj Hindusthan Group, Ponni Sugars, Rana Sugars, DS Sugars and Godavari Biorefineries are among the companies that own 85 sugar mils
IPO-bound RK Swamy mops up ₹187 cr from anchor investors
RK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4
Escorts Kubota reports a 17% drop in February tractor sales
Escorts Kubota Ltd has reported a 17 per cent decline in total tractor sales at 6,481 units in February 2024 when compared with 7,811 tractors
Sensex, Nifty end positive amid volatility
Benchmarks closed in green on Thursday at the end of a range-bound trade ahead of release of key economic data. Besides, monthly F&O expiry and
Nifty may see a gap-down opening of 100 points
Domestic markets are likely to open on a negative note on Thursday, as the broader market will remain under pressure, said analysts. Today being the
Benchmark Indian indices slid 1% on weak global cues
Benchmark indices ended a per cent lower on Wednesday amid profit booking and weak global cues. The Sensex was down 790 points or 1.08 per
IPO screener: Platinum Industries issue attracts HNIs, retail investors
The ₹235.32-crore initial public offering of Platinum Industries received a strong response from retail investors and high networth investors on Day 1. The IPO is
RK Swamy public issue to open on March 4
The Chennai-based RK Swamy will launch its initial public offering on March 4, according to red herring prospectus filed with SEBI. The company is expected
Domestic markets set for muted start tracking Asian peers
Domestic markets are set for a muted start on Tuesday, tracking broader Asian peers ahead of key US economic data which could influence the interest
Broker’s call: IndiGo (Reduce) – The Hindu BusinessLine
In the past four months, through September 2023–January 2024, InterGlobe Aviation (IndiGo) lost domestic market share from the peak of 63.4 per cent to 60.2
IPO screener: GPT Healthcare issue closes today
The initial public offering of GPT Healthcare closes for public subscription today. The ₹525.14-crore IPO, which comes at a price band of ₹177-186, has subscribed
Anvil PMS to shut shop amid regulatory glare
Anvil Wealth Management (AWM) is winding down its portfolio management services (PMS) business, said two people in the know. The decision to shut shop comes
Adani hints at future collaborations with Uber after meeting CEO Dara Khosrowshahi
Billionaire Gautam Adani on Saturday met Uber CEO Dara Khosrowshahi, who is currently on a visit to India, and hinted at possible future collaborations between
UAE’s exit from FATF grey list to boost FPI flows, investment into Indian NBFCs
The United Arab Emirates’ exit from the the grey list on Friday, nearly two years after its inclusion by the Financial Action Task Force, will
Juniper Hotels IPO sails through on QIB bidding
The ₹1,800-crore initial public offering of Juniper Hotels was subscribed fully on the last day of issue closing on Friday, thanks to qualified institutional buyers.
SEBI plans to make nomination optional for joint MF portfolios
Capital market regulator SEBI has excluded investment made through ETFs and index funds from the regulations on exposure to a single stock of own group
Prabhudas Lilladher expects Nifty to hit 25,363
Broking firm Prabhudas Lilladher remains bullish on Indian stocks, attributing it to the growing depth and resilience. It expects Nifty to hit 25,363 (base case)
‘Optimistic about the market’s resilience and potential for growth’
A dynamic stock market landscape, with volatile swings as a result of geopolitical challenges and inflationary concerns across the globe, calls for robust technology. An
Sensex, Nifty set to tick higher at the open, tracking Asian peers
Indian shares are set to open marginally higher on Thursday, after snapping a six-session winning streak in the previous session, while their Asian peers gained
GPT Healthcare raises ₹157.54 crore from anchor investors
GPT Healthcare on Wednesday raised ₹157.54 crore from anchor investors. The IPO opens on Thursday and closes on Monday (February 26) at a price band
IPO screener: Juniper Hotels issue opens today at ₹342-360 price band
The ₹1,800-crore initial public offering of Juniper Hotels, which runs the “Hyatt” brand, opens today for public subscription. The IPO comes out with a price
Swan Energy sets ₹703.29/share as floor price for QIP issue
Swan Energy has set a floor price of ₹703.29 per share for its qualified institutional placement of shares that is opening on Tuesday. The company
Nifty50 set for a muted start, tracking Asian peers
Indian shares are set for a muted start on Tuesday, tracking their Asian peers after China’s efforts to support its property markets failed to excite
Nifty scales fresh high amid mixed cues
Indices moved up for a fifth consecutive session, with Nifty hitting a fresh all-time amid mixed global cues. At close, Nifty was up 0.37 per
Sensex, Nifty likely to see flat opening
Domestic markets are likely to open on a flat note on Monday. Gift Nifty at 22,147.50 against NIfty Feb futures’ Friday close of 22,097 indicates
Stock Market Live Updates 19 February 2024
Sensex, Nifty, Share Prices
Index Outlook: Sensex, Nifty 50: Crucial Resistances Ahead
Nifty 50 and Sensex witnessed a strong bounce last week. This was contrary to our expectation to see a fall. Though the indices witnessed a
How previous general elections have impacted Sensex and Nifty 50 performance: Insights for investors
General Elections 2024 is one of the biggest events to watch this year. A study on the Indian stock market performance in the previous election
Entero Healthcare ends 8.6% lower on listing day
Shares of Entero Healthcare Solutions made a weak beginning at the bourses on Friday. Against the IPO price of ₹1,258, shares of the healthcare products
Alpex Solar jumps threefold on NSE-Emerge listing
Shares of Alpex Solar made a stellar listing at NSE-Emerge platform. As against the IPO price of ₹115, the stock was listed at with a
IPO screener: Entero Healthcare Solutions listing today
Shares of Entero Healthcare Solutions will be listed at the exchanges on Friday. The company has fixed the IPO price as ₹1,258. The IPO saw
Broker’s call: Eicher Motors (Buy)
Target: ₹4,331 CMP: ₹3,914.80 Eicher Motors’ (Eicher) Q3-FY2024 operating performance came in line with estimates, while its bottom line missed estimates due to lower-than-expected other
IPO screener: Blockbuster Vibhor Steel Tube issue closes today
Vibhor Steel Tubes issue closes today for public subscription. The IPO has attracted an overwhelming response from all categories of investors thus far, as issue
Markets extend gains on fag-end buying; SBI, Reliance shine
Equity benchmark indices Sensex and Nifty bounced back from early lows to close higher on Wednesday, helped by fag-end buying in energy, metal and utility
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Stocks that will see action today: February 14, 2024
The Competition Commission of India (CCI) on Tuesday said it has approved a proposal to acquire a 100 per cent stake in Coastal Energen Pvt
Stock markets rebound on buying in banking, IT stocks
Benchmark indices Sensex and Nifty rebounded on Tuesday on buying in banking, financial services and IT sector stocks. The BSE Sensex surged 482.70 points or
Stock Market Live Updates: Asian stocks open higher as investors await U.S. inflation reports
Sensex, Nifty, Share Prices LIVE: Asian equities opened on a positive note as Japan’s markets resumed trading after a weekend break. Japanese stocks surged, with
Mid-, small-cap, PSU stocks wilt under selling pressure
Equities across the board fell on Monday, amid profit taking. The fall was more deep in mid- and small-cap stocks, while public sector undertakings wilted
Stock Market Live Updates: – The Hindu BusinessLine
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Mcap of 4 most-valued firms jump ₹2.18 lakh crore; LIC, SBI lead gainers
Four of the top-10 most valued firms together added ₹2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of
Investors have to watch out for one more risk now — ED/IT raid!
Nowadays, Central Government agencies such as the Income-tax department and the Enforcement Directorate (ED) are creating ripples in financial markets, with a host of companies
Technical Analysis: Godfrey Phillips India, Gujarat Gas and HCL Technologies
Godfrey Phillips India (₹2,366.3) Uptrend is intact Godfrey Phillips’ stock was tracing a horizontal trend in the second half of last year. It was oscillating
Analysts weigh reasons for runaway PSU rally
The runaway rally in shares of public sector companies has made analysts dig deeper on the reasons driving the rally. The BSE PSU index has
Jana SFB subscribed 18.50x; Capital Small Finance Bank 4x
The initial public offerings of Jana Small Finance Bank and Capital Small Finance Bank closed on Friday with the former generating a strong response, while
Stock Market Live Updates: Nikkei up, China, South Korea closed for holidays
The Nikkei index in Japan saw a rise at the start of trading on Friday, benefiting from the positive momentum on Wall Street as investors
Broker’s call: Britannia (Outperform) – The Hindu BusinessLine
Target: ₹5,650 CMP: ₹4,871.10 Britannia Industries’ Q3-FY24 y-o-y numbers appear weak, but this was on a high base and 2Y sales/EBITDA CAGRs of 9/23 per
Stock Market Live Updates: Asian markets rally as S&P 500 hits new high, investors optimistic
Sensex, Nifty, Share Prices LIVE: Asian markets opened positively on Thursday, following the S&P 500’s record close, edging toward the significant 5,000 mark. Japan’s Nikkei
Broker’s call: Bharti Airtel (Buy)
Target: ₹1,366 CMP: ₹1,134.55 Bharti Airtel Q3-FY24 revenue grew at a moderate pace of 5.9 per cent y-o-y/2.3 per cent q-o-q to ₹37,900 crore, mainly
Tamilnadu Coke & Power secures ₹23 crore orders ahead of IPO, boosting expansion plans
Tamilnadu Coke & Power Ltd (TNCPL), which is in the process of raising funds through an initial public offering (IPO), said it has secured ₹23
Broker’s call: Sundaram Finance (Add)
Target: ₹3,720 CMP: ₹3,740.30 Sundaram Finance reported 6 per cent q-o-q decline in disbursements due to muted growth in automotive sector and lesser than expected
Stock Market Live Updates: Asian markets slide following Wall Street’s dip
On Tuesday, Asian stocks opened on a negative note following declines on Wall Street. The early trade saw Japan’s Nikkei 225 index down by 0.59%,
Greaves Retail’s AutoEVMart partners with Zero21
AutoEVmart, a multi-brand EV retail store by Greaves Retail, the retail and distribution unit of Greaves Cotton Ltd., has announced its partnership with Zero21, an
Stock Market Live Updates: Global trends and RBI’s interest rate move to drive stock market
Sensex, Nifty, Share Prices LIVE: This week’s stock market trajectory will be shaped by quarterly earnings reports from major index companies, global developments, and the
RBI interest rate decision, global trends, earnings to dictate stock markets, say analysts
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI’s interest rate decision this week after digesting news on
Meta, Nvidia, Microsoft, Amazon, Apple, Alphabet and Tesla: Do the ‘Magnificent 7’ still have fire power?
The week gone by had it all. Resurfacing jitters of regional banking crisis in the US resulted in bond yields collapsing significantly in early part
Bull run fails to impress MF investors, equity inflows remain flat
Notwithstanding the record-breaking rally of key benchmark indices and skyrocketing flows through systematic investment plans, the net inflows into equity schemes were flat at ₹1.62
Mastering Derivatives: Avoiding Active Management of Delta-neutral Trades
Delta-neutral trades require active management. These are trades that involve taking long positions in, say, lower strike calls and short positions in higher strike calls
Keeping the investment cylinders firing
An election year typically throws fiscal discipline astray. Just not this time. The Interim Budget showed the government’s unwavering commitment to fiscal conservatism and growth
IPO screener: BLS E-Services closes today
The initial public offering of BLS E-Services will close for public subscription today. The issue has received a strong response from retail investors and high
Sensex, Nifty hold steady ahead of Budget, Federal Reserve meet outcome
The NSE Nifty was down 0.04 per cent or 7.65 points at 21,718.04 points, while the BSE Sensex was at 71,725.06, down by 0.04 per
US stocks plunge as Federal Reserve maintains rates, dashes March cut hopes
U.S. stocks closed sharply lower on the last trading day in January after the Federal Reserve held interest rates steady while reiterating that despite progress,
Broker’s call: L&T (Outperform) – The Hindu BusinessLine
Target: ₹4.020 CMP: ₹3.,480.15 Q3-FY24 core sales (ex-services) of ₹39,300 crore was about 2 per cent above our estimate, displaying seasonal improvement in execution. Core
Bajaj Finance shares slump over 5% on rising stress in B2C loan portfolios.
Shares of Bajaj Finance slumped over 5 per cent on Tuesday after the NBFC highlighted rising stress in its rural and urban B2C loans portfolios
Broker’s call: ITC (Buy) – The Hindu BusinessLine
Target: ₹555 CMP: ₹438 ITC’s Dec-Q earnings were below expectations overall. Cigarettes performance looked muted y-o-y (volumes down 2 per cent) but longer-range data suggests
Sundaram’s Multi-Asset Allocation Fund garners ₹1,890 crore
Sundaram Mutual Fund said that its latest new fund offer of the Multi-Asset Allocation Fund has garnered ₹1,890 crore, with participation from over 83,000 investors.
Broker’s call: Star Health (Buy)
Target: ₹700 CMP: ₹558.05 We initiate coverage on Star Health and Allied Insurance (STAR) with a Buy rating and a 12-month target price of ₹700.
Companies opting for IFSC listing may face several bumps
Indian companies wanting to list on the international exchanges at GIFT IFSC may face a number of roadblocks. The norms that were notified on Wednesday
Groww adds a million active traders in December quarter
Tiger Global-backed wealth management start-up ended 2023 with 7.6 million active traders, as per data from the NSE. Also read: Companies opting for IFSC listing
How the “unluckiest investor” fares in the long run
Investing in the stock market for the long term is safe and rewarding, says Monika Halan, a prominent personal finance writer and television personality. In
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Technical Analysis: Petronet LNG and ONGC
What is the outlook for Petronet LNG for the next two-three months? I am holding the stock and my average purchase price is ₹228. Can
F&O Strategy: Buy Infosys Call
The short-term outlook turned positive for the stock of Infosys (₹1,669.1). The IT major finds immediate support at ₹1,560 and ₹1,427. The nearest resistance is
BLS E-Services IPO opens on Jan 30; price band set at ₹Rs 129-135/share
Technology-backed service provider BLS E-Services Ltd has set a price band of ₹129-135 per share for its initial public offering (IPO), that will open for
Nova Agritech IPO turns blockbuster, subscribed 109 times
The initial public offering of Nova Agritech saw overwhelming response from all category investors with the issue being subscribed over 109 times, as non-institutions bid
Titagarh Rail Systems collaborates with Amber Group, shares up
Titagarh Rail Systems Limited’s shares were up by 1.95 per cent after the company along with Amber Group reported an alliance. The collaboration involves a
Tata Metaliks fixes Feb 6 as record date for merger with Tata Steel
Tata Metaliks has fixed February 6 as the record date for the proposed merger with Tata Steel. According to the scheme of amalgamation, TML shareholders
Equity benchmark indices decline in early trade
Equity benchmark indices witnessed a see-saw movement in the early trade on Wednesday amid high volatility, as investors rushed to book profit in high-value stocks.
Medi Assist Healthcare ends 11% higher on Day 1 of listing
Shares of Medi Assist Healthcare Services ended with a premium of 11 per cent on Tuesday at ₹464.25 on the BSE against the issue price
Cipla shares rally nearly 8% after Q3 earnings results
Shares of Cipla on Tuesday rallied nearly 8 per cent in the mid-session trading a day after the company reported a 32.25 per cent rise
Wall Street record propels Japan’s Nikkei to fresh 34-year peak
Japan’s Nikkei share average rallied to a fresh 34-year peak on Monday as the US S&P 500’s record-high close on Friday buoyed investor sentiment, despite
Sony sends termination letter to Zee over India merger
Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network,
Technical Analysis: Britannia Industries, Punjab National Bank and TVS Motor Company
Britannia Industries (₹5,163.2) Rally to resume Britannia Industries’ share price has been on a decline since the beginning of this year. It fell off ₹5,375,
EPACK Durable IPO: Four Things To Know Before Subscribing
The initial public offering (IPO) of the Noida-based contract manufacturer of room airconditioner (RAC), EPACK Durable, opened on January 19 and will accept subscriptions till
HCL Technologies: Why Investors Can Book Profits in this Stock
At bl.portfolio, we had started taking a cautious approach to IT stocks since mid-2021 when valuations started getting frothy. Since then, there has been quite
Sensex, Nifty likely to remain subdued today
Domestic markets are likely to open flat and remain listless today. The focus will be on big ticket banking and finance companies such as ICICI
BSE, NSE to function on Saturday; Monday holiday
Equity and derivatives markets of BSE and the National Stock Exchange will function normal on Saturday i.e. from 9:15 a.m. to 3:30 p.m., without the
IPO screener: Epack Durable issue opens today at ₹218-230
The ₹640-crore initial public offering of Epack Durable will open for public subscription today and close on January 23. The IPO comes with a price
BNP Paribas expects Nifty to hit 23,500 by year-end, Emkay sees 24,000 coming
Global financial advisory firm BNP Paribas expects Nifty to post a high single-digit return in 2024 while domestic brokerage Emkay Global Financial anticipates an 11
Markets tumble in early trade; fall for 3rd day running
Benchmark equity indices Sensex and Nifty tanked in early trade on Thursday, falling for the third day running, as investors continued to book profits after
Indices tank over 2% on Fed talk, shadow over bank stocks
Benchmark indices went into a free fall on January 17, tanking over two per cent, to post their biggest single-day loss in the last one-and-a-half
Sensex dips over 1,400 points; Nifty hovers around 21,650
The benchmark BSE Sensex fell 1,414.85 points, or 1.93 per cent, to 71,713.92, while the broader NSE index lost 388.3 points, or 1.76 per cent,
Broker’s Call: L&T (Outperform) – The Hindu BusinessLine
Target: ₹4,020 CMP: ₹3,573.80 Our interactions suggest that investors are concerned about the security situation in the Middle East, following attacks on ships in the
Sensex, Nifty set to open little changed
India’s benchmark index Nifty 50 is set for a muted start on Tuesday, tracking Asian peers ahead of key economic data from China, after a
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Sensex jumps 759 pts to close at record high, Nifty scales 22K mount on sharp gain in IT shares
Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed
Markets hit record peaks: Sensex breaches 73,000 level for first time; Nifty goes past 22k mark
Benchmark equity indices reached historic highs in the early trading session on Monday, as the Sensex crossed the 73,000 milestone and the Nifty surpassed the
Broker’s call: Shyam Metalics (Buy)
Target: ₹780 CMP: ₹682.90 Shyam Metalics and Energy’s (SMEL) Dec’23 volume stayed robust on finished steel front with revenue rate picking up. Key points: Rebar