Nifty50, Bank Nifty overbought on charts; check key levels for this week

Technical indicators such as RSI, Stochastic, and MACD are signaling an overbought condition on near-term charts for the Nifty50, says Ravi Nathani

from Markets https://ift.tt/AkyYNT5

Stock Market Live: Lower start likely with global markets shut for new year

Stock market live updates on January 1, 2024: BHEL will be in focus amid reports it has won a Rs 19,422-crore turnkey contract for a thermal power plant for NLC India at Talabira, Odisha

from Markets https://ift.tt/nWs4Q92

Equity market set for eventful journey on interest rate trajectory in 2024

With tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent. Lok Sabha elections, the US Presidential polls, the trajectory of interest rates, particularly in the US and India, inflation trends and geopolitical situation will be the key factors for the stock market, analysts opined. Experts said the return of the BJP government with a majority in the 2024 general elections is a pivotal factor on the market's wishlist for the new year. As political stability plays a significant role in .

from Markets https://ift.tt/c0IjQwM

FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec

In a remarkable comeback, foreign portfolio investors (FPIs) have pumped Rs 1.7 lakh crore into the Indian equity markets in 2023, propelled by confidence in the country's robust economic fundamentals amid a challenging global landscape. The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay - smallcase Manager and founder of Fidel Folio. Anticipating a continued decrease in the US interest rates throughout 2024, it is likely that FPIs are likely to increase their purchases, especially in the early months of the New Year in the run-up to the general elections, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. In 2023, FPIs made a net investment of Rs 1.71 lakh crore in equities and Rs 68,663 crore in the debt markets. Together, they infused Rs 2.4 lakh crore

from Markets https://ift.tt/4fFKOuw

M-cap of 8 of top-10 valued firms jump Rs 1.29 trn; HDFC biggest gainer

The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally. Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28. Equity markets were closed on Monday for Christmas. While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards. HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack. The market valuation of HDFC Bank jumped Rs 29,828.84 crore to Rs 12,97,972.04 crore. LIC added Rs 25,426.49 crore, taking its valuation to Rs 5,27,062.06 crore. The valuation of Bharti Airtel surged Rs 24,510.96 crore to Rs 5,80,645.54 crore, and that of Hindustan Unilever rallied

from Markets https://ift.tt/seiqFuR

No need for a second trial of FTX founder Sam Bankman-Fried: Prosecutors

A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday. Prosecutors told US District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the "strong public interest in a prompt resolution" of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed. They said the judge can consider the evidence that would be used at a second trial when he sentences Bankman-Fried on March 28 for defrauding customers and investors of at least USD 10 billion. Bankman-Fried, 31, who has been incarcerated since several weeks before his trial, was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and three conspiracy charges. He could face decades in prison. Last spring,

from Markets https://ift.tt/q5DEyZO

Review of Crypto Savings Account Services: Binance, Nexo, and CoinDepo

.

from Markets https://ift.tt/E2yvMeF

2023: A year when equity gains surprised investors, Sensex surged 18.7%

Sensex has gained 18.7 per cent, and the Nifty 20 per cent and debt funds have given single-digit returns

from Markets https://ift.tt/6hdB7D4

'Everyone got burned': Wall Street missed great stock rally of 2023

Blended together, these three calls - sell US stocks, buy Treasuries, buy Chinese stocks - formed the consensus view on Wall Street

from Markets https://ift.tt/7NGvHV9

Solar manufacturer Waaree Energies files DRHP for Rs 3,000 cr IPO

Waaree Energies is the first solar manufacturer to go for initial public offering

from Markets https://ift.tt/A0pdK9e

Stocks to Watch today: TCPL, Tata Coffee, PNB, Railtel, BoB, IDFC First Bk

Stocks to watch on Friday, December 29, 2023: Tata Consumer, Tata Coffee fixes merger date; Innova Captab to debut; PNB board okays Rs 7,500 crore fund raise and more such stocks in the news today.

from Markets https://ift.tt/gGfNXnv

Stocks to Watch today: Zomato, KPI Energy, Banks, M&M, Bata, Kansai Nerolac

Stocks to watch on Thursday, December 28, 2023: Azad Engineering to list today. National Aluminium and RBL Bank only two stocks in futures & options ban period on expiry day.

from Markets https://ift.tt/TKoPL1d

Gold touches 3-week high as dollar eases on US Fed rate cut hopes

The Fed is set to start 2024 with fresh evidence that US price pressures are retreating, with data last week marking the first time since March 2021 that the annual PCE price index was below 3%

from Markets https://ift.tt/sJOWm9g

Gold price climbs Rs 220 to Rs 63,710, silver rises Rs 300 to Rs 79,500

The price of 22-carat gold was up Rs 200 at Rs 58,400

from Markets https://ift.tt/Sw2mCTF

Nifty PSU Bank, Financial Services: Sell on rise strategy recommended

According to Ravi Nathani, an independent technical analyst, traders can consider to short the Nifty PSU Bank index with a stop at 5,825.

from Markets https://ift.tt/FTj1DBI

Stocks to Watch today: Paytm, Adani Wilmar, ONGC, Lupin, Kalyan Jewellers

Stocks to watch on Tuesday, December 26, 2023: Muthoot Microfin and Suraj Estate Developers to debut on the bourses today.

from Markets https://ift.tt/F50tIsE

CoinEx Institution: BitVM, the Potential of Smart Contracts on the Bitcoin Mainnet

New Delhi [India], December 25: On October 9, Robin Linus, a developer from ZeroSync, released the BitVM whitepaper, which attracted huge attention from the community. BitVM introduces a new computing paradigm capable of expressing Turing-complete Bitcoin contracts without requiring modifications to the network's consensus rules.

from Markets https://ift.tt/8jr4GDP

Managing portfolio: Stay with winners or make bets laggards in 2024

The start of a new year is also a good time to make bets on stocks that have been laggards and could potentially see a turnaround in their fortunes next year

from Markets https://ift.tt/RK6VoSq

SIP accounts AUM jumps 38% in 2023, share in mutual fund assets tops 19%

Monthly SIP investments have been going up consistently, rising from Rs 8,023 crore in January 2021 to Rs 17,073 crore in November 2023

from Markets https://ift.tt/RTKkIXC

Small stocks lead D-St on bull run in 2023, give big returns to investors

Smaller stocks have emerged as Dalal Street's favourites in 2023 that has turned out to be a "great year" for equities, rewarding investors with big gains, driven by optimism over the country's macroeconomic fundamentals and heavy retail investors participation. Experts said equity markets are experiencing a prolonged bull run and it is during this time that the midcap and smallcap segments tend to outshine their larger counterparts. Till December 22 this year, the BSE smallcap gauge has jumped 13,074.96 points or 45.20 per cent while the midcap index has surged 10,568.18 points or 41.74 per cent. In comparison, the BSE 30-share benchmark Sensex has rallied 10,266.22 points or 16.87 per cent during this period. The smallcap index scaled its all-time high of 42,648.86 points on December 20 this year and the midcap gauge also reached its record peak of 36,483.16 points on the same day. The BSE benchmark also hit its lifetime high of 71,913.07 points on December 20. The midcap index

from Markets https://ift.tt/tLqp8nf

Market holiday: BSE and NSE to remain closed today on account of Christmas

Indian exchanges like NSE, BSE, MCX, and the bond market will remain shut on the account of Christmas, this is the last market holiday on a trading day in this calendar year

from Markets https://ift.tt/JAGIzMB

Gold, silver prices unchanged; yellow metal trading at Rs 63,490 per 10g

The price of silver also remained unchanged with one kilogram of the precious metal selling at Rs 79,000

from Markets https://ift.tt/gtDhsb5

Main-board IPOs weather global headwinds, collect Rs 52,000-cr in 2023

The capital generated through mainboard IPOs dipped slightly to just over Rs 52,000 crore in 2023 amid global volatility driven by rising interest rates and geopolitical risks, while the number of issues rose. Experts maintain a strong bullish outlook on the IPO market for 2024. Excluding LIC's blockbuster maiden public issue of Rs 20,557 crore in 2022, initial public offering (IPO) collection actually increased by 36 per cent this year. Notably, mid and small-cap companies were in flavor this year, given the considerable tailwind in the markets. The market environment for IPOs has been extremely robust in 2023, though the start of the year was tepid due to global headwinds. "A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers. Another strong pillar of the Indian market ecosystem is the robust yet efficient regulatory framework," said ...

from Markets https://ift.tt/3Hzt6Vh

M-cap of 3 of most valued firms jump Rs 70,312 cr; Reliance biggest winner

The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel and Life Insurance Corporation of India (LIC) faced erosion to the tune of Rs 68,783.2 crore. Last week, the BSE benchmark declined 376.79 points or 0.52 per cent after a record-breaking rally. The market valuation of Reliance Industries jumped Rs 47,021.59 crore to Rs 17,35,194.85 crore. Hindustan Unilever added Rs 12,241.37 crore, taking its valuation to Rs 6,05,043.25 crore. HDFC Bank's valuation climbed Rs 11,049.74 crore to Rs 12,68,143.20 crore. However, the market capitalisation (mcap) of ICICI Bank plummeted Rs 30,235.29 crore to Rs 6,97,095.53 crore. The valuation of TCS eroded by Rs 12,715

from Markets https://ift.tt/8wZjDNf

Gold price rises Rs 230 to Rs 63,230, silver climbs Rs 300 to Rs 79,500

The price of 22-carat gold rose Rs 250 to Rs 58,000

from Markets https://ift.tt/hYLR7fE

Ola Electric to launch IPO, looks to raise Rs 5,500 cr via fresh share sale

The Issue is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of Rs 10

from Markets https://ift.tt/0oOSMU9

RBZ Jewellers IPO receives 16.86 times subscription on last day of offer

The Rs 100 crore-initial share sale of RBZ Jewellers received 16.86 times subscription on the closing day of bidding

from Markets https://ift.tt/dEVzbaq

Happy Forgings IPO gets subscribed 82 times on last day of bidding

The initial public offer of auto components maker Happy Forgings got subscribed 82.04 times on the last day of bidding on Thursday, driven by huge demand from institutional buyers. The Rs 1,008.6 crore-initial share sale fetched bids for 68,62,98,398 shares against 83,65,639 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) was subscribed a whopping 220.48 times. The part for non-institutional investors attracted 62.17 times subscription and the category for Retail Individual Investors (RIIs) got subscribed 15.09 times. The Initial Public Offer (IPO) had a fresh issue of up to Rs 400 crore and an offer for sale of up to 71,59,920 equity shares. Price range for the offer was Rs 808-850 a share. Happy Forgings Ltd on Monday said it has mobilised Rs 303 crore from anchor investors. Proceeds from the fresh issue will be utilised towards purchase of equipment, plants, and machinery, payment of debt and a portion of the funds will also be used for

from Markets https://ift.tt/89LG4Qe

Indian bond yields continue flattish trend, traders eye fresh cues

Indian government bond yields were largely flat on Wednesday in yet another trading session, amid consolidation after their recent decline and as traders awaited more directional triggers

from Markets https://ift.tt/x4r6snV

Brent hovers near $80 amid geopolitical tensions over Red Sea attacks

On Wednesday, Greece advised commercial vessels sailing in the Red Sea avoid Yemeni waters. Greek ship owners control about 20% of the world's commercial vessels in terms of carrying capacity

from Markets https://ift.tt/Rb6fot1

Stock Market LIVE: US markets extend rally; Brent Crude Oil tops $79-level

Stock market Update on Wednesday December 20: DOMS and India Shelter Home will be in focus as they mark their debut on the bourses.

from Markets https://ift.tt/WjEoXzU

TMS 588: Domestic airline crises, megafactories, crypto-run, dry powder

Why do airlines go bust? How can India build megafactories like China? Will Bitcoin's dream run continue in 2024? What is dry powder? All answers here

from Markets https://ift.tt/7XYHUmb

Sensex, Nifty hit new record highs on firm global trends, buying in FMCG

Benchmark equity indices Sensex and Nifty scaled new lifetime high levels in intra-day trade on Tuesday before closing with gains on the back of buying in FMCG and oil shares and positive global cues. In a volatile trade, the 30-share BSE Sensex climbed 122.10 points or 0.17 per cent to settle at 71,437.19. During the day, the barometer jumped 308.62 points or 0.43 per cent to reach its all-time intra-day high of 71,623.71. The broader Nifty climbed 86.4 points or 0.40 per cent to hit its record peak of 21,505.05. It finally closed higher by 34.45 points or 0.16 per cent at 21,453.10. Buying in FMCG, oil and gas, power and select banking shares supported the recovery while losses in IT and auto shares capped gains, analysts said. Among the Sensex firms, Nestle rose the most by 4.66 per cent. NTPC rose by 2.16 per cent, Reliance Industries by 1.53 per cent, State Bank of India by 1.04 per cent and Hindustan Unilever by 1.03 per cent. ITC, Power Grid and Bajaj Finance were the major

from Markets https://ift.tt/5bdyfpP

Gold rises Rs 110, silver jumps Rs 300, trading at Rs 78,000 per kg

The price of 22-carat gold was also up by Rs 100, with the yellow metal selling at Rs 57,400.

from Markets https://ift.tt/Sro0TQ8

Stock Market LIVE: US markets hold gains; Brent Crude Oil jumps past $78

Stock market Update on Tuesday December 19: The Sensex and the Nifty may start trade on a quiet note amid benign cues from global peers.

from Markets https://ift.tt/C2xBJca

Nifty PSU Bank, Nifty Private Bank overbought on charts: How to trade?

The identified consolidation range for Nifty PSU Bank is between 5,864 and 5,581 and a close above or below this range would serve as a trigger, says Ravi Nathani

from Markets https://ift.tt/onKMO6P

First time in 10 years: ETF AUM growth falls behind MF industry in 2023

The last time ETFs trailed the mutual fund industry was in 2013, when the ETF AUM had declined 11 per cent despite the industry's assets growing 9 per cent

from Markets https://ift.tt/TeWGqHI

Stocks to Watch today: Zee, Sun Pharma, Lupin, NTPC, PCBL, Care Ratings

Stocks to watch on Monday, December 18, 2023: Shares of Zee Entertainment are likely to be in focus as company seeks an extension to complete the proposed merger with Sony India.

from Markets https://ift.tt/I3LjApT

A year of setting up a new system of regulation

The RBI's efforts in 2023 were directed at supporting fair practices, innovation and controlling risks while focusing on financial stability

from Markets https://ift.tt/QytPErY

Banks, Indian companies set to raise Rs 13,700 cr through bond market

HDFC Bank, Shriram Finance, Tata Projects to raise funds

from Markets https://ift.tt/vjN2cBk

FPIs flood Indian equity markets, infuse Rs 1.5 trn despite uncertainty

In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years. Going forward, as the general elections approach next year, political stability and economic growth will become focal points for foreign investors. Besides, global cues on the inflation and interest rate scenario would dictate the flow of foreign money into Indian equities, said Himanshu Srivastava, Associate Director Manager Research at Morningstar Investment Research India. India, with its promising position for economic growth, is expected to continue attracting foreign ..

from Markets https://ift.tt/CL6tJAl

Markets to track global trends, trading activity of investors: Analysts

Global trends and trading activity of foreign investors would largely dictate terms in the equity markets this week amid a lack of major domestic triggers, analysts said. Markets may face near-term consolidation due to elevated valuations, they noted. "While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japan's policy decision on December 19," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Additionally, factors such as crude oil prices and macroeconomic data from both the US and China will wield considerable influence on market dynamics, he added. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said due to overbought technical conditions, the benchmarks may consolidate in the near term. However, that said, the near-term outlook for the markets continues to be in favour of the bulls, he said. A series of positive news -- September quarter GDP growth rate of 7.6 per ce

from Markets https://ift.tt/YbzeS2N

M-cap of 9 of top-10 firms jumps Rs 2.26 trn; TCS, Infosys biggest gainers

The combined market valuation of nine of the top-10 most valued firms jumped Rs 2.26 lakh crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers amid an overall bullish trend in equities. Last week, the BSE benchmark jumped 1,658.15 points or 2.37 per cent. The 30-share BSE Sensex zoomed 969.55 points or 1.37 per cent to settle at its record closing high of 71,483.75 on Friday. During the day, it surged 1,091.56 points or 1.54 per cent to 71,605.76, its all-time intra-day high level. The combined market valuation of the nine firms, including Reliance Industries, TCS, ICICI Bank and Infosys, jumped Rs 2,26,391.77 crore, while Bharti Airtel emerged as the only laggard from the top-10 pack. The market valuation of TCS jumped Rs 85,493.74 crore to Rs 14,12,412.13 crore, the most among the top-10 firms. Infosys added Rs 36,793.61 crore, taking its valuation to Rs 6,55,457.54 crore. The market valuation of State Bank of India surged Rs 30,700.

from Markets https://ift.tt/PB1kCUO

Gold price rises Rs 110 to Rs 63,000, silver climbs Rs 1,000 to Rs 78,700

The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,750

from Markets https://ift.tt/Ayn69Kr

Spicejet's domestic market share makes consistent gains towards 2023-end

Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November

from Markets https://ift.tt/oHewJT8

Reserve Bank of India sets sovereign gold bond issue price at Rs 6,199/gram

The Reserve Bank of India (RBI) on Friday announced that the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 6,199 per gram and will open for subscription on December 18 for five days. The Sovereign Gold Bond (SGB) Scheme 2023-24 - Series III will be open for subscription during December 1822, 2023. The SGBs will be sold through scheduled commercial banks (except small finance banks, payment banks and regional rural banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, National Stock Exchange of India Limited and Bombay Stock Exchange Limited. In a statement, the RBI said the nominal value of the bond based on the simple average closing price for gold of 999 purity works out to Rs 6,199 per gram. The central government, in consultation with the Reserve Bank, has also decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and

from Markets https://ift.tt/Zir43vs

Gold price climbs Rs 1,090 to 62,890, silver rises Rs 2,500 to 77,500

The price of 22-carat gold rose Rs 1,000, with the yellow metal selling at Rs 57,650

from Markets https://ift.tt/C2SncgI

Charts signal strength in Exide; Bull Spread Strategy ideal for Dec expiry

Long build up was seen in Exide Futures on Thursday where Open Interest rose by 9 per cent (Prov) and the stock gained 3.20 per cent

from Markets https://ift.tt/r9AZtO6

RuPay credit cards could help SBI Cards gain share on UPI spends

One gamechanger could be increasing penetration of RuPay cards, which run on the UPI platform

from Markets https://ift.tt/f9jatDq

Gold price dips Rs 110, silver falls Rs 700, trading at Rs 75,000 per kg

The price of 22-carat gold fell Rs 100, with the yellow metal selling at Rs 56,650

from Markets https://ift.tt/W8igLyj

Nasdaq planning to repurpose technology from curtailed crypto foray

Nasdaq and other mainstream financial firms pulled back on their ambitions in digital assets as regulators seek to isolate the US financial system from cryptocurrencies

from Markets https://ift.tt/wVKJhZ9

Muthoot Microfin IPO to open on Dec 18 at price band of Rs 277-291

The funds are expected to augment the capital base of the company. Out of the total, the company plans to raise Rs 760 crore through the sale of fresh equity and Rs 200 crore via Offer for Sale

from Markets https://ift.tt/Jn9u7TP

Stock markets settle marginally higher on late buying; L-T, RIL advance

Benchmark equity indices Sensex and Nifty eked out gains on Wednesday following late buying in capital goods, auto and energy shares as investors adopted a cautious approach ahead of the US Fed interest rate decision to be announced later in the day. The 30-share BSE Sensex advanced 33.57 points or 0.05 per cent to settle at 69,584.60, driven by late buying. During the day, it fell 450.47 points or 0.64 per cent to 69,100.56. The Nifty gained 19.95 points or 0.10 per cent to 20,926.35. Among the Sensex firms, NTPC, Power Grid, Mahindra & Mahindra, Larsen & Toubro, Sun Pharma, State Bank of India, Titan and Tata Steel were the major gainers. Tata Consultancy Services, Infosys, Axis Bank, Bajaj Finserv, UltraTech Cement and Bajaj Finance were the major laggards. In Asian markets, Seoul, Shanghai and Hong Kong settled lower while Tokyo ended in the positive territory. European markets were trading with gains. The US markets ended in the positive territory on Tuesday. Global oil ..

from Markets https://ift.tt/HFXOqEy

CoinSwitch unveils umbrella brand PeepalCo; aims for wealth-tech expansion

The company said the leaders of each business segment will have independent operational and financial accountability

from Markets https://ift.tt/eJyLxol

Top five companies account for 16% of India mcap, lower than DMs

Among the top 10 nations in terms of market value, Saudi Arabia has the largest concentration, with top five companies accounting for over 80 per cent of its market value

from Markets https://ift.tt/KokZO69

Rally in Nifty Pvt, PSU Bank indices may be topping out; check strategy

Traders are advised to exercise caution and secure profits in Nifty PSU Bank index on upward movements

from Markets https://ift.tt/vnLVAtZ

Desperate retail investors drive India's futures and options craze

The Securities and Exchange Board of India's crackdown on social-media influencers peddling advice is a losing battle.

from Markets https://ift.tt/wVYQzEo

Nifty in overbought zone, Wait for dips in Nifty Bank before fresh buying

An optimal approach for Nifty Bank involves patiently awaiting dips and pullbacks to key support levels situated at 46,300, 45,825 and 45,410, says Ravi Nathani

from Markets https://ift.tt/hq83ET9

Gold, silver prices unchanged; yellow metal trading at Rs 62,350 per 10g

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,150.

from Markets https://ift.tt/NvdZ0uo

Sebi likely to allow non-convertible debentures with lower face value

Further, these issuances will only be interest or dividend-bearing instruments with a simple structure

from Markets https://ift.tt/jyuBdID

M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities. Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80. HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation. HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore. The market capitalisation (mcap) of Life Insurance Corporation of India jumped by Rs 65,558.6 crore to Rs 4,89,428.32 crore at close on Friday. LIC had reclaimed the Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourse on Thursday. However, at cl

from Markets https://ift.tt/x6mJQP9

FPIs invest Rs 26,505 cr in equities in first six sessions of December

Foreign portfolio investors (FPIs) injected Rs 26,505 crore into the Indian equity markets in the first six trading sessions of this month on expectations of political stability after the BJP stormed to power in three major states and robust economic growth. This came following a net investment of Rs 9,000 crore in October. Before this, overseas investors withdrew 39,300 crore in August and September, data with the depositories showed. Going forward, FPI inflows are likely to continue, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, FPIs made a net investment of Rs 26,505 crore in Indian equities in this month (till December 8). Kislay Upadhyay, the founder of FidelFolio Investments, attributed the FPI inflows to the outcome of major state elections that signalled political stability going forward.. "The indication of political stability after the 2024 General elections, strong growth momentum in the Indian economy, inflation

from Markets https://ift.tt/1uNkVAc

Sebi to frame rules for REITs, InvITs issuing subordinate units to sponsors

Capital markets regulator Sebi is looking to come out with a framework for the issuance of subordinate units by REITs and InvITs to sponsors and their associates. Additionally, the regulator has proposed a framework for unit-based employee benefits (UBEB) in the context of REITs (real estate investment trusts) and InvITs (infrastructure investment trusts). The Securities and Exchange Board of India (Sebi) has sought comments from the public till December 29 on the proposals. Under the proposed framework, subordinate units can be issued only to the sponsor, its associates and sponsor group, such units should carry only inferior voting as compared to ordinary units and the units can be issued to the eligible entities in the initial offer or in any offering subsequent to the initial offer, Sebi said in its consultation paper. It further suggested that subordinate units can only be transferred inter-se amongst the sponsor entities. "Any issuance of subordinate units post initial offer

from Markets https://ift.tt/9xuBFH3

Gold price climbs Rs 170 to 62,950, silver unchanged at Rs 77,200

The price of 22-carat gold rose Rs 150, with the yellow metal selling at Rs 57,700

from Markets https://ift.tt/dSPm3kz

Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto

Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years

from Markets https://ift.tt/gqfYMCb

Sharp downgrades likely to keep Paytm stock under pressure in market

The buy now, pay later (BNPL) business may moderate sharply with disbursements down by 15-18 per cent

from Markets https://ift.tt/EUWFxtJ

Stocks to Watch: Adani Wilmar, Delta Corp, Paytm, Bharti Airtel, IRCON, BEL

Stocks to Watch on December 7, 2023: As per reports, Warburg Pincus is offloading shares in Bharti Airtel and IDFC First Bank

from Markets https://ift.tt/LIlvZCf

State-owned cos seen extending rally on PM Modi's expected re-election

Modi's government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of India's $4 trillion stock market

from Markets https://ift.tt/pBQUNCK

Broking industry adds 2.8 mn new investors in Nov amid surging stock prices

Also, a sharp U-turn in market secondary sentiment also helped draw new investors, said broking industry players

from Markets https://ift.tt/dBCpKcm

Stock Market LIVE: Asia-pacific equities rebound; Crude oil dips to $77

Stock market live on December 6, 2023: At 7:15 am, the Nifty futures in Gift City were trading 85 points higher at 21,028

from Markets https://ift.tt/SuBEhep

Nifty resistance at 21,193; LIC, India Cement top buy calls by Vinay Rajani

LIC's share has broken out from downward sloping trend line on the weekly chart

from Markets https://ift.tt/zs5HpJ7

Derivatives segment ADTV falls in Nov, BSE gains F&O market share

The ADTV for NSE in the futures and options segment fell 2 per cent MoM to Rs 311.7 trillion, while that for the BSE rose 7.2 per cent to Rs 35.2 trillion

from Markets https://ift.tt/tSOCyZT

US dollar gains back ground on rate bets; bitcoin breaches $42,000

The dollar index, which tracks the currency against six major peers, rose by 0.59% to 103.71, while the euro was last down 0.61% to $1.0815

from Markets https://ift.tt/rZjTbst

Market capitalisation of Bajaj Group tops Rs 10 trn for first time

All the five listed firms belonging to the late Rahul Bajaj-Group ended with gains amid a rally in the market

from Markets https://ift.tt/bx7gms1

Govt bond yields track US peers lower on expectation of political stability

The probability of a rate cut in March is above 66% and traders are near certain of a cut in May, which pushed the US 10-year yield to a three-month low. It was last around 4.25%

from Markets https://ift.tt/L6eJOHh

Nifty resistance seen at 20,475-20,575; Bank Nifty likely to join rally

As per Ravi Nathani, the trading strategy for Nifty should be to book profit at resistance levels, adopting a cautious stance as the overall trend on charts remains bullish with strong signals

from Markets https://ift.tt/yLgoQc8

Mkts to focus on state elections outcome, RBI's rate decision: Analysts

Global trends, trading activity of foreign investors, outcome of state elections and RBI's interest rate decision are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "Global markets are currently in a fabulous mood. The US 10-year bond yield and the dollar index are also cooling off, which gives strength to the market. These factors will be closely monitored, as they have the potential to influence market sentiment," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. On the political front, the results of assembly elections in five states are eagerly anticipated, Gour said. "A stable political environment could boost investor's confidence and drive the markets higher. Domestic and global macroeconomic data, trends in global stock markets, the movement of the rupee against the dollar, and crude oil will also dictate trends," he added. From the macroeconomic data front, PMI (Purchasing Managers' Index) data fo

from Markets https://ift.tt/VdA9Z4r

Sharp decline in FDI into India from Cayman Islands, Cyprus during H12023

Foreign direct investment (FDI) into India from Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed. Similarly, inflows from Cyprus contracted by over 95 per cent to USD 35 million during the six-month period as against USD 764 million in April-September 2022-23. Experts have attributed the sharp fall in FDI from Cyprus and Cayman Islands to a hightened scrutiny of applications. Anjali Malhotra, Partner Regulatory, Nangia Andersen India said FDI inflows from other tax havens such as Singapore, and the UAE have also lost their sheen along with Cayman Islands and Cyprus during first half of 2023-24. "...the recent decline in investment from Cayman Islands and Cyprus may be attributed to enhanced scrutiny of these ...

from Markets https://ift.tt/H2NTL3R

Jamshedpur-based Kross files Rs 500 crore maiden IPO papers with Sebi

Kross Ltd -- a specialist in manufacturing forging components for top OEMs -- has filed preliminary papers with capital markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The maiden public issue of the Jamshedpur-based company comprises a fresh issue of shares worth up to Rs 250 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 250 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai. The company may undertake a pre-IPO placement of its securities worth up to Rs 50 crore. If such placement is undertaken, the fresh issue size will be reduced. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Besides, a portion will be used for general corporate

from Markets https://ift.tt/KMO3G8y

Gold price climbs Rs 220 to Rs 62,950, silver rises Rs 300 to Rs 79,500

The price of 22-carat gold climbed Rs 200, with the yellow metal selling at Rs 57,700

from Markets https://ift.tt/cqjeLOJ

TMS Ep574: Crypto exchanges, Hardik Pandya and IPL, auto stocks

Are crypto exchanges proving sceptics right? What is the importance of being Hardik Pandya? Is it time to sell passenger vehicle stocks? What are crypto exchanges and how do they work? Answers here

from Markets https://ift.tt/SwRpxWo

Stocks to Watch today: Flair Writing, UltraTech, Kesoram, Honasa, Whirlpool

Stocks to watch on Friday, December 01, 2023: Flair Writing to debut today. UltraTech and Kesoram in focus post all-stock merger deal.

from Markets https://ift.tt/2zb3Cg4

Global stock index rises as dollar, bond yields climb with rates in focus

The dollar gained as investors took profits on bets it would weaken further and shrugged off economic data suggesting the Fed could be done hiking rates

from Markets https://ift.tt/0HYEsZG

Bharat Forge option trading strategy: Deploy a bull spread for Dec expiry

Nandish Shah of HDFC Securities recommends to Buy Bharat Forge 1130 CALL and simultaneously sell 1180 CALL of the November series.

from Markets https://ift.tt/pIzOvsV

TMS Ep574: Crypto exchanges, Hardik Pandya and IPL, auto stocks

Are crypto exchanges proving sceptics right? What is the importance of being Hardik Pandya? Is it time to sell passenger vehicle stocks? What are crypto exchanges and how do they work? Answers here

from Markets https://ift.tt/vaIlQkO

Retail broking revenues could more than double in 5 years: Bain & Company

Bain & Co highlights that the industry has also managed to penetrate beyond the top cities

from Markets https://ift.tt/nk8cLMo

Vanguard to Goldman Sachs, global firms rush to buy Alipay's Zomato stakes

Shares of Zomato have nearly doubled this year as the company started to turn a profit after going public in 2021, prompting some of its biggest investors to lock in gains on their investments

from Markets https://ift.tt/N3u7H2d

Stocks to Watch today: IREDA, Zomato, Siemens, PCBL, Aster DM, IOC, IT

Stocks to watch on Wednesday, November 29, 2023: IREDA is likely to debut on a strong note on the bourses today following the robust response received to its recently concluded IPO.

from Markets https://ift.tt/p0Li4gd

Nifty Financial Services, Private Bank indices look bullish on charts

According to Ravi Nathani, an independent technical analyst, the Nifty Nifty Financial Services index can rally to 20,210, while the Private Banks index could surge to 23,500.

from Markets https://ift.tt/72BxEND

FT MF elevates Rengaraju to CIO; Sebi approves IPOs of five companies

Samco Mutual Fund on Tuesday launched its dynamic asset allocation fund, a hybrid fund which will invest in both equity and debt

from Markets https://ift.tt/ZSi0JIo

Adani group shares rally; ATGL, Adani Energy, Adani Power surge up to 20%

The Supreme Court, last Friday, reserved its order in the Adani-Hindenburg case, and indicated that it might pass some more directions to the Securities and Exchange Board of India

from Markets https://ift.tt/Ft8lOzW

Gold jumps Rs 270, silver up Rs 1,300; trading at Rs 78,500 per kg

The price of 22-carat gold also rose Rs 250 with the yellow metal selling at Rs 57,350

from Markets https://ift.tt/n97MhDl

Stocks to Watch today: BSE, Honasa, Newgen, Eicher, Cello World, Siemens

Stocks to watch on Tuesday, November 28, 2023: Honasa, Siemens and Newgen Software in focus today as exchanges lower circuit limit, results announcement and a liberal 1:1 bonus share issue.

from Markets https://ift.tt/Wko3IRz

Oil prices slip, Brent falls toward $80/barrel ahead of Opec+ meeting

Brent crude futures fell 42 cents, or 0.5%, to $80.16 a barrel by 0901 GMT, while U.S. West Texas Intermediate crude futures were at $75.05 a barrel, down 49 cents, or 0.7%

from Markets https://ift.tt/VnvMteG

Stock market holiday: BSE, NSE closed today due to Guru Nanak Jayanti

Stock market holiday today: Including November 27, the Indian stock market has remained closed for 13 weekdays so far in 2023

from Markets https://ift.tt/GPhB39S

Gold price remains flat at Rs 62,290, silver unchanged at Rs 77,200

The price of 22-carat gold also remained flat, with the yellow metal selling at Rs 57,100

from Markets https://ift.tt/MxaHdi2

FPIs reverse selling trend ; invest Rs 378 crore in equities in Nov

Foreign Portfolio Investors (FPIs) have pared their bearish stance on Indian equities during November as they made a net investment of Rs 378 crore on the sharp decline in US treasury bond yields. This came after FPIs dumped Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Overall, the cumulative trend for 2023 remains healthy, with FPIs pouring in Rs 96,340 crore so far this calendar year. "On the way ahead, we think that improving risk appetite in the EM (emerging markets) and falling risk-free yields in the US will draw FPI flows towards India," Hitesh Jain, Strategist, Institutional Equities Research at YES Securities India, said. According to the data, FPIs made a net investment of Rs 378.2 crore in Indian equities this month (till November ...

from Markets https://ift.tt/ngvMAkh

M-cap of 4 of 10 valued firms rise Rs 65,671 cr; Reliance biggest winner

The combined market valuation of four of the top-10 most-valued firms climbed Rs 65,671.35 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 175.31 points, or 0.26 per cent. While Reliance Industries, HDFC Bank, ICICI Bank, and Bharti Airtel were the gainers, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, State Bank of India, and Bajaj Finance faced erosion in valuation. The market valuation of Reliance Industries jumped Rs 26,014.36 crore to reach Rs 16,19,907.39 crore. HDFC Bank added Rs 20,490.9 crore, taking its valuation to Rs 11,62,706.71 crore. The market valuation of Bharti Airtel rose Rs 14,135.21 crore to Rs 5,46,720.84 crore , while that of ICICI Bank gained Rs 5,030.88 crore to Rs 6,51,285.29 crore. However, the market capitalisation (mcap) of TCS eroded by Rs 16,484.03 crore to Rs 12,65,153.60 crore. The valuation of Bajaj Finance declined Rs 12,202.87 crore to Rs 4,33,966.53 crore. The

from Markets https://ift.tt/7HGXa2t

Global factors to drive stock markets in holiday-shortened week: Analysts

Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors. "While global cues are relatively muted, market participants will closely monitor movements in crude oil prices, US bond yields, and the dollar index," said Santosh Meena, Head of Research, Swastika Investmart Ltd. From the domestic macroeconomic front, the GDP data for the July-September quarter will be released on Thursday and the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Friday. Auto companies would remain in the limelight amid monthly sales data announcements. "Markets will focus on the global and domestic macroeconomic data. Auto stocks will be i

from Markets https://ift.tt/AClKuMp

Rs 2,500 cr crypto scam: Kingpin Subhash Sharma hiding in UAE, says SIT

The special investigation team (SIT) probing the Rs 2,500-crore cryptocurrency scam would approach the competent court on November 28 to seek a warrant for the extradition of fugitive kingpin Subhash Sharma from UAE, officials said on Saturday. The kingpin of the scam Subhash Sharma from Sarkaghat in Himachal Pradesh's Mandi district is still at large and as per our information, he is hiding in UAE. Efforts are underway to bring him back, Deputy Inspector General of Police (DIG) northern range, Abhishek Dhullar, who is heading the SIT, told PTI. The multi-crore cryptocurrency ponzi scam started in 2018. The investors smelled something fishy when they stopped getting returns during the Covid pandemic when most business activities came to a halt. Later when they asked the accused about their pending returns, they realised they had fallen into a trap and were threatened to keep shut, the police said. The fraudsters threatened the victims that they would lose all their invested money i

from Markets https://ift.tt/UbaXcjn

Tata Technologies IPO: Company finalises offer price at Rs 500 per share

Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO). The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers. "...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing. The public issue had a price band of Rs 475-500 per share. Accordingly, the size of the IPO aggregates to Rs 3,042,51 crore comprising an offer for sale of 4.63 crore equity shares by Tata Motors amounting to Rs 2,313.75 crore, 97.17 lakh equity shares by Alpha TC Holdings Pte Ltd amounting to

from Markets https://ift.tt/sJWYHen

Sebi reduces minimum issue size for social stock exchange to Rs 50 lakh

Markets watchdog Sebi on Saturday approved providing flexibility to Not for Profit Organisations (NPOs) in raising funds through the social stock exchange and also decided to introduce a regulatory framework for index providers. These were among the decisions taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting held here. In a release, the regulator said flexibility will be provided for fund raising by NPOs through the social stock exchange. In this regard, the minimum issue size in case of public issuance of Zero Coupon Zero Principal Instruments (ZCZP) for NPOs on the social stock exchange will be reduced to Rs 50 lakh from Rs 1 crore. Among other decisions, a regulatory framework will be introduced for the index providers to foster transparency and accountability in governance and administration of financial benchmarks in the securities market.

from Markets https://ift.tt/xKIrPRa

Man arrested from Kerala for 'threatening to blow up Mumbai airport'

A Kerala resident was arrested by the Maharashtra Anti-Terrorism Squad (ATS) on Friday for allegedly threatening to blow up the Chhatrapati Shivaji Maharaj International Airport here if he was not paid "one million US dollars in Bitcoin", an official said. The ATS started probe after the Mumbai International Airport Limited, which operates the airport, received a threatening email in its feedback inbox at 11.06 am on Thursday, the police official said. "This is a final warning to your airport. We will blast Terminal 2 in 48 hours unless one million US dollars in Bitcoin is transferred to the address. Another alert will be after 24 Hrs," the email read. A First Information Report (FIR) was registered under Indian Penal Code sections 385 (putting a person in fear of injury in order to commit extortion) and 505 (1) (b) (statements made with intent to cause fear or alarm to the public or against the public tranquillity) at the Sahar police station. The ATS cyber cell, which started a

from Markets https://ift.tt/waBg4ul

Mumbai Airport gets 'email threat' to blow up T2, demands $1 mn in Bitcoin

The Mumbai International Airport on Thursday received a "threat" email to blow up its Terminal 2, police said.The sender of the email has demanded USD 1 million in Bitcoin within 48 hours to avert the blast."Sahar police have registered a case against an unknown person for sending the threat mail using the email id-quaidacasrol@gmail.com," Mumbai police said.According to the police, the mail was sent to the feedback inbox of the Mumbai International Airport Limited (MIAL) at around 11 am on Thursday.The threat mail read: "Subject: Blast. Text: This is a final warning to your airport. We will blast Terminal 2 within 48 hours unless one million dollars in Bitcoin is transferred to the address. Another alert will be after 24 Hrs."A case under the Indian Penal Code sections 385 (putting a person in fear of injury to commit extortion) and 505 (1) (b) (statements made with intent to cause fear or alarm to the public or against the public tranquillity) has been registered against an unknown .

from Markets https://ift.tt/odYaJqh

Stock Market LIVE: Another muted start likely; TCS, ONGC, HPCL in focus

Stock market Updates LIVE, Friday, November 24: The European markets ended modestly higher even as the ECB minutes hinted of 'high for long' stance. US was shut for Thanksgiving holiday.

from Markets https://ift.tt/pEv3d5g

Nifty FMCG, Energy indices offer divergent trading opportunities; check why

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index looks bullish on chart and presents a buying opportunity on dips for potential upward movement.

from Markets https://ift.tt/0ZvOWXB

New Binance CEO Richard Teng's first job is to avert customer exodus

Teng, 53, succeeded Zhao as the chief executive of the world's largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations

from Markets https://ift.tt/3O9BKZJ

Sebi bans two people for 1 year over unregistered investment advisories

Capital markets regulator Sebi on Wednesday debarred two individuals from the securities markets for one year and slapped a fine of Rs 2 lakh on them for carrying out unregistered investment advisory activities. The regulator also directed the noticees (P Krishnakumar and Jagadeesan S) to refund all the money, within three months, collected from any investors/complainants, as fees in respect of their unregistered investment advisory activities. The order came after Sebi conducted an examination on the receipt of a complaint against www.ymforecast.com managed by P Krishnakumar and Jagadeesan S, and prima facie found that they were carrying out unregistered investment advisory activities. Subsequently, a show cause notice was issued to the noticees on September 4. In its 22-page order, Sebi found that the noticees were acting as an investment adviser without holding the certificate of registration from the markets watchdog. Therefore, the noticees were in violation of the provisions

from Markets https://ift.tt/G7l5Jxi

Gold jumps Rs 380, trading at Rs 62,020/10g, silver rises by Rs 400

The price of 22-carat gold rose Rs 350, with the yellow metal selling at Rs 56,850.

from Markets https://ift.tt/0V75KZz

Binance pleads guilty to US sanctions violation, will pay $4.3 bn fine

Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle. Richard Teng will succeed Zhao as CEO.

from Markets https://ift.tt/JeP7Rjd

Fedbank Financial raises Rs 330 cr; Ireda IPO subscribed 2x on Day 1

Unifi Capital on Tuesday received Securities and Exchange Board of India's (Sebi) in-principle nod to set up a mutual fund house

from Markets https://ift.tt/2gMYPx8

Trading strategies for Nifty Banks and Financial Services indices

According to Ravi Nathani, an independent technical analyst, traders can consider the buy on dips strategy for Nifty Financial Services and Private Banks indices. However, the PSU Bank looks weak.

from Markets https://ift.tt/Yv5UX9S

Benchmark equity indices fall for second day amid selloff in auto stocks

Bharti Airtel, Wipro, HCLTech, Tech Mahindra, Tata Consultancy Services and Maruti were among the gainers

from Markets https://ift.tt/aJ1DlWA

Gold, silver prices remain unchanged, yellow metal trading at Rs 61,690/10g

The price of 22-carat gold remained unchanged, with the yellow metal selling at Rs 56,550.

from Markets https://ift.tt/IkdUsfV

Bias for Nifty remains bullish; look to buy on dip, suggest charts

According to Ravi Nathani, an independent technical analyst, substantial resistance for the Nifty can be expected between 20,064 and 20,110.

from Markets https://ift.tt/EzInwPx

Flurry of IPOs: 5 cos including Tata tech gear up to raise Rs 7,300 cr

The initial public offering (IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over Rs 7,300 crore collectively. The other three companies whose maiden public issues are ready to open are Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India. Together, these five companies are expected to fetch more than Rs 7,300 crore through the IPOs, data from the stock exchanges showed. Before this, three firms -- ASK Automotive, Protean eGov Technologies, and ESAF Small Finance Bank -- launched their public issues earlier this month. Further, IPOs of Honasa Consumer, which owns FMCG brands Mamaearth, and household products and stationery manufacturer Cello World concluded in the first week of the month. V Prashant Rao, Director & Head-ECM, Investment Banking at Anand Rathi Advisors, attributed several factors to the hectic IPO ...

from Markets https://ift.tt/Qb5k2vT

Mutual funds' NFO collection surges 4 times to Rs 22,000 cr in Sept qtr

Mutual funds' collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market. Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said. "With investors firmly believing in the India growth story and the emergence of new segments in organised space, more and more companies are seeking funds through primary and secondary market offerings. "To support these listed businesses, AMCs would be interested in launching more schemes across equity and hybrid categories, especially in the mid-, small-, and micro-cap market capitalisations," he added. During the quarter that ended in September 2023, 48 schemes were launched, which were cumulatively able to garner Rs 22,049 crore at t

from Markets https://ift.tt/doEnr9F

Global trends to dictate movement in markets this week, say analysts

Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. "Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows. "The market's stability may be influenced until the conclusion of state elections, at which point a discernible trend might materialize," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Foreign portfolio investors have largely been sellers in Indian markets since August. During August, September October and November till 15th FPIs cumulatively sold stocks for Rs 83,422 crores through the exchanges, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial ...

from Markets https://ift.tt/h1C43jW

Sebi orders to attach bank, demat accounts of ex-officials of Karvy Group

Sebi has ordered the attachment of bank and demat accounts of Karvy Group's three former officials to recover Rs 1.80 crore for the misappropriation of client's funds by Karvy Stock Broking Ltd (KSBL). The recovery proceedings against KSBL's former VP (finance and accounts) Krishna Hari G; KSBL's former compliance officer Srikrishna Gurazada; KSBL's General Manager of back office operation Srinivasa Raju for Rs 1.80 crore, includes interest, all costs, charges and expenses, Sebi said in three attachment orders on Tuesday. In its notices, Sebi asked all banks, depositories, and mutual funds not to allow any debit from the accounts of Krishna Hari G, Srikrishna Gurazada and Srinivasa Raju. However, credits have been permitted. Further, the market regulator has directed all the banks to attach all accounts, including lockers, of the defaulters. Last month, Sebi sent demand notices to -- Krishna Hari G, Srikrishna Gurazada and Srinivasa Raju -- asking them to pay about Rs 1.8 crore in

from Markets https://ift.tt/3p6Rq4n

Sell on Rise: Nifty FMCG and Nifty Auto ripe for profit booking

A decisive close above 16,880 is essential to trigger a renewed wave of bullish sentiment in both Nifty Auto and its constituents, said Ravi Nathani

from Markets https://ift.tt/JDvCIMN

Morgan Stanley sets benchmark Sensex target of 74,000 by December 2024

This implies an upside of 12% from current levels

from Markets https://ift.tt/j8bFHkr

Gold climbs over 1% as US jobless claims data cement Fed pause bets

Data on Wednesday showed US producer prices fell the most in 3-1/2 years in October, while another set of data on Tuesday highlighted that US consumer prices were unchanged in October

from Markets https://ift.tt/wI4fXzQ

Gold price rises Rs 440 to Rs 61,040, silver jumps Rs 1,700 to Rs 74,700

The price of 22-carat gold rose Rs 400, with the yellow metal selling at Rs 55,950

from Markets https://ift.tt/CiOWNyv

Stock Market LIVE: Asian stocks, US futures dip; Crude oil holds $80

Stock Market LIVE on November 16, 2023: At 7:15 am, the Gift Nifty futures were trading 40 points higher at 19,759

from Markets https://ift.tt/KRmOlXN

Buy Nifty Financial near these levels to gain from a likely bullish upmove

Nifty Financial Services Index presents a bullish outlook, and traders are advised to closely monitor the resistance levels for potential breakout opportunities, said Ravi Nathani

from Markets https://ift.tt/dJeQlSm

Egypt to explore possibility of tapping Indian financial markets: Report

Egypt, facing a severe foreign currency shortage, has been struggling to attract foreign investment

from Markets https://ift.tt/8pTPgd1

Tata Tech IPO opens Nov 22, first share sale by group firm in 2 decades

Selling shareholders include Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund

from Markets https://ift.tt/ry0HJA6

Tata Technologies' IPO set to open for subscription on November 22

Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, representing 15% of its paid-up capital

from Markets https://ift.tt/tS7LgNX

Gold, silver prices fall, yellow metal trading at Rs 60,490 per 10g

The price of 22-carat gold also witnessed a decline of Rs 90, with the yellow metal selling at Rs 55,450

from Markets https://ift.tt/oaCswNi

Stocks to Watch today, Nov 13: Protean, Sun TV, CIL, ONGC, BF Utilities

Stocks to Watch on Monday, November 13, 2023: Shares of Protean eGov Technologies will list on the bourses today

from Markets https://ift.tt/695M2Jk

Stock Market Live: Asian markets mixed; Gift Nifty futures hold small gains

Stock Market Live: At 7:15 am, the Gift Nifty futures quoted 19,558 levels, up 20 points

from Markets https://ift.tt/pTb6GDM

One year after FTX imploded, here's how cryptocurrencies are changing

A year on, the industry is irrevocably altered - while at the same time in many ways remarkably familiar

from Markets https://ift.tt/vWwFnRm

ONGC hits life-time high; up 2% after posting 142% surge in Q2 net profit

The stock had surged 47 per cent in Samvat 2079. So far in the calendar year 2080, the stock has rallied 41 per cent as against a near 7 per cent gain on the BSE Sensex.

from Markets https://ift.tt/YmdNfcJ

Muhurat Trading LIVE: Stock market to welcome Samvat 2080 with 1-hr session

Stock market LIVE on Diwali, November 12, 2023: The Nifty and the Sensex have gained 9.5 per cent since last Diwali (Samvat 2079)

from Markets https://ift.tt/Z9icEu2

FPIs selling spree continues; pull out Rs 5,800 cr from equities in Nov

Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going forward, this selling trend is unlikely to continue as the US Federal Reserve signalled a dovish stance in its meeting last week, experts said. According to the data with the depositories, FPIs sold shares to the tune of Rs 5,805 crore during November 1-10. The FPI selling trend which started in September continued in October and is showing no signs of reversing in November even though the intensity of selling has come down this month. This could be largely attributed to the growing

from Markets https://ift.tt/nsvCdBZ

BSE Q2 net profit jumps to Rs 118 crore, revenue at record Rs 367 crore

Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement. The bourse's revenue rose 53 per cent to a record Rs 367 crore in the July-September quarter of the current financial year (FY24), from Rs 240 crore in the year-ago period. "We shall continue to invest in development of human resources, new products, technology infrastructure, etc, and thus pursue long-term growth shareholders and deliver on our mission of Vibrant BSE 2025," the exchange's MD & CEO, Sundararaman Ramamurthy, said. The exchange's average daily turnover in the equity segment increased to Rs 5,922 crore in the quarter under review, from Rs 4,740 crore in three months ended September 2022. Also, the board of directors of BSE in their meeting on Friday have approved the fund infusion of Rs 22.36 crores in India International .

from Markets https://ift.tt/ZMrcDnS

Gold price rises Rs 330 to Rs 61,090, silver jumps Rs 800 to Rs 74,000

The price of 22-carat gold rose Rs 300, with the yellow metal selling at Rs 56,000

from Markets https://ift.tt/HwNOBXM

Indices hit new highs in Samvat 2079; Nifty jumps 10.5%, Sensex up 9.4%

But rising US bond yields cap gains

from Markets https://ift.tt/TMmSReb

Nifty MidCap, SmallCap indices flashing signs of caution

Here's why Ravi Nathani, an independent technical analyst, recommends to book profit in Nifty Midcap 50 and Smallcap 100 indexes.

from Markets https://ift.tt/NiqSTZV

Zeebu's ZBU Token Officially Listed on Gate.io

Dubai [UAE], November 9: Zeebu, the pioneering Web3 Neobank for telecoms, is thrilled to announce that its native loyalty token, ZBU, is now officially listed on Gate.io and began trading at 9:00 AM on November 09, 2023 (UTC). As one of the world's leading cryptocurrency trading platforms, Gate.io, with its advanced technology and security measures, provides a seamless trading experience for users worldwide.

from Markets https://ift.tt/JcA01RV

Sensex down a tad on unabated foreign fund outflows, weak global trends

Benchmark Sensex declined by 143 points on Thursday amid continuous foreign fund outflows and mixed trends from global markets. In a volatile trade, the 30-share BSE Sensex declined 143.41 points or 0.22 per cent to settle at 64,832.20. During the day, it fell 206.85 points or 0.31 per cent to 64,768.76. The Nifty dipped 48.20 points or 0.25 per cent to 19,395.30. Among the Sensex firms, Hindustan Unilever, Tech Mahindra, Infosys, Reliance Industries, Bajaj Finance, Tata Consultancy Services, Titan and UltraTech Cement were the major laggards. Mahindra & Mahindra, Power Grid, IndusInd Bank, Tata Motors, Larsen & Toubro and Maruti were among the gainers. In Asian markets, Seoul, Tokyo and Shanghai settled in the positive territory while Hong Kong ended lower. European markets were trading mostly in the green. The US markets ended on a mixed note on Wednesday. "Reflecting the mixed global sentiments, the Indian market is mired in a range-bound trend with the Nifty index not able

from Markets https://ift.tt/EVNyxRu

Gold price dips Rs 160 to Rs 61,200, silver falls Rs 1,000 to Rs 73,500

The price of 22-carat gold slid Rs 150, with the yellow metal selling at Rs 56,100

from Markets https://ift.tt/yB4LFcx

Time to book profit in Nifty Pharma; Auto index remains bullish

According to Ravi Nathani, an independent technical analyst, stiff resistance for the Nifty Pharma index is anticipated at 15,600 level.

from Markets https://ift.tt/rGJ5ENY

Stock markets edge higher in volatile trade amid weak global cues

Benchmark equity indices Sensex and Nifty edged higher on Wednesday after a volatile trade amid weak cues from Asian and European markets along with unabated foreign fund outflows. The 30-share BSE Sensex advanced by 33.21 points or 0.05 per cent to settle at 64,975.61. During the day, it hit a high of 65,124 and a low of 64,851.06. The broader Nifty went up by 36.80 points or 0.19 per cent to close at 19,443.50 with 29 of its components closing in green and the rest 21 in red. Among the Sensex firms, Asian Paints, Titan, Larsen & Toubro, JSW Steel, ITC, Hindustan Unilever, Maruti and Reliance Industries were the major gainers. ICICI Bank, NTPC, Infosys, Tech Mahindra, Tata Steel and Bajaj Finance were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. European markets were trading in the negative territory. The US markets ended in positive territory on Tuesday. Global oil benchmark Brent crude climbed 0.15 per cent to USD 81.73 a ...

from Markets https://ift.tt/yR0372W

Nifty FMCG index expected to turn bullish on clearing the hurdle at 52,600

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index faces a formidable hurdle between 52,380 - 52,600; a breakout above this range can trigger a fresh wave of buying.

from Markets https://ift.tt/Cz2KIaG

Markets snap 3 days of rally; settle marginally lower amid volatility

Equity benchmark indices snapped three days of rally to settle marginally lower on Tuesday amid weak trends in Asian and European markets along with unabated foreign fund outflows. The 30-share BSE Sensex dipped 16.29 points or 0.03 per cent to settle at 64,942.40. During the day, it declined 320.59 points or 0.49 per cent to 64,638.10. The Nifty slipped 5.05 points or 0.03 per cent to 19,406.70. Among the Sensex firms, Bajaj Finance, JSW Steel, Reliance Industries, Mahindra & Mahindra, ITC, Tata Consultancy Services, Wipro, HDFC Bank, Larsen & Toubro and Bharti Airtel were the major laggards. Sun Pharma, NTPC, State Bank of India, IndusInd Bank and Axis Bank were the major gainers. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the negative territory. European markets were trading mostly lower. The US markets ended with marginal gains on Monday. Global oil benchmark Brent crude declined 2.12 per cent to USD 83.37 a barrel. Foreign Institutional Investors ...

from Markets https://ift.tt/10FNavu

Stock market LIVE: Asian indices retreat after 3-day rally; Kospi down 2%

Stock market LIVE updates on November 7, 2023: Investors are awaiting China's trade data, and Q2 earnings back home

from Markets https://ift.tt/q6YDIRp

Nifty Pvt Bank, Nifty Fin Services: Here's why you should look to buy

According to Ravi Nathani, an independent technical analyst, Nifty Private Bank index can be bought at existing levels, while one should prefer to buy Nifty Financial Services Index on dips.

from Markets https://ift.tt/G3vQs27

Crypto wallet app Okto announces $5 mn treasury fund for Vauld users

Okto said it has introduced a 2 per cent bonus for users who choose to transfer their assets from Vauld to Okto

from Markets https://ift.tt/uomLSXG

New demat account tally slips below 3 million in October, shows data

With this, the total account tally has reached 132 million. In the preceding two months, the industry had added over 3 million accounts each month

from Markets https://ift.tt/CyXp0cS

Stock Market LIVE: Kospi zooms 4% as South Korea to ban short-selling

Stock market LIVE updates on November 6, 2023: Last Friday, the S&P 500 climbed 0.94 per cent, the Dow Jones Industrial Average soared 0.66 per cent and while the Nasdaq Composite jumped 1.4 per cent

from Markets https://ift.tt/D0fyjWU

Bank Nifty in pullback mode; breakout above 44,000 can trigger fresh rally

According to Ravi Nathani, an independent technical analyst, technical indicators on the Nifty 50 chart too are showing a positive trend, hence on can consider to buy Nifty on dips.

from Markets https://ift.tt/CFdxTbf

FPI sell-off continues; Rs 3,400 cr pulled out in just 3 sessions in Nov

Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going forward, this selling trend is unlikely to continue since the main trigger for FPI selling, the rising bond yields, has reversed on the US Federal Reserve signalling a dovish stance in its November meeting. "The main trigger for this reversal in bond yields is the subtle dovish commentary from Fed chief Jerome Powell that 'despite elevated inflation, inflationary expectations remain well anchored'. The market has interpreted this statement

from Markets https://ift.tt/WugHI17

Q2 earnings, global trends, trading activity to drive market: Analysts

The ongoing quarterly earnings report card of corporates, global trends and trading activity of foreign investors are key factors to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on global oil benchmark Brent crude and the rupee-dollar trend. "On the domestic front, the upcoming release of Q2 earnings report is expected to have a significant influence on market sentiment. If FIIs (Foreign Institutional Investors) shift to net buying, it could further propel the market's upward movement," Swastika Investmart Ltd Head of Research Santosh Meena said. While geopolitical concerns persist, they have had limited impact on the market's overall trajectory, Meena said, adding that the resilience of global markets will be crucial in determining the sustainability of this positive momentum. From the macroeconomic front, the industrial production data is scheduled to be announced on Friday after market hours. "Global and domestic ...

from Markets https://ift.tt/Y1OT9po

Over 300 crypto fraud complaints received, will take action: Himachal Dy-CM

More than 300 complaints have been received from across Himachal Pradesh in connection with a multi-crore cryptocurrency ponzi scam, Deputy Chief Minister Mukesh Agnihotri said, referring to the fraud that began in the state in 2018. He had presided over a meeting on Friday to review the action being taken against the perpetrators, who cheated people by promising them high profits on investments within a short span of time, an official statement said. People should guard themselves from falling prey to such ponzi schemes and cryptocurrency frauds, Agnihotri said. "I am observing that complaints have been pouring in from various districts of the state wherein people have been cheated by the kingpin of the cryptocurrency fraud," he said, according to the statement issued on Saturday. He added that more than 300 complaints have been received by the police till date. Ten culprits from Mandi and two from Una have been arrested so far in connection with the case, Agnihotri said. Subhash

from Markets https://ift.tt/8ZmK4Hj

ESAF SFB IPO subscribed 1.74 times; Upstox settles matter with Sebi

Sebi had issued a showcause notice to the stockbroker in January 2022 for alleged violations of the cyber security and cyber resilience framework

from Markets https://ift.tt/g3C69Db

Protean eGov Technologies raises Rs 144 crore from anchor investors

The price band for the IPO is Rs 752-792 per share. Allotment to anchor investors was done at Rs 792 apiece. At the top-end, Protean is valued at around Rs 3,200 crore

from Markets https://ift.tt/a6AMukr

F&O Strategy: Bull Spread on NMDC for Nov expiry

Nandish Shah of HDFC Securities recommends to Buy NMDC 160 CALL and simultaneously sell 170 CALL of the November series.

from Markets https://ift.tt/PdJxkMA

Nifty Pharma index needs to breakout above 14,900 for a bullish move

According to Ravi Nathani, an independent technical analyst, the select momentum oscillators on the Nifty IT index have reached oversold zone, thus suggesting a potential rebound in the near term.

from Markets https://ift.tt/PaBzcts

Mamaearth parent Honasa Consumer IPO subscribed nearly 7.6 times

The qualified institutional buyer portion of the issue was subscribed 11.5 times, with over 80 per cent of the bids coming from overseas investors

from Markets https://ift.tt/n9fINFW

Stock Market Live: Global markets rally as Fed signals no more rate hike

Stock market Update on Thursday, November 02: Fed chief Jerome Powell signaled that policymakers will remain on hold, downplaying the "efficacy" of the Fed's September forecast for 1 more rate hike.

from Markets https://ift.tt/ZQ2jkDC

Sharpline Broadcast case: Sebi modifies order against 15 individuals

Capital market regulator Sebi on Wednesday modified its order passed against 15 individuals in a case of manipulation of share prices of Sharpline Broadcast Ltd through uploading misleading videos on YouTube channels. In March this year, the regulator barred 24 entities from the securities market for manipulating the share prices of two companies through misleading videos on YouTube channels. Passing a 77-page confirmatory order with some modifications, Sebi restrained 15 individuals from dealing in the scrip of Sharpline during the pendency of the investigation. "I, hereby confirm the directions issued vide the Interim Order dated March 02, 2023 read with Confirmatory Order dated July 11, 2023, subject to the following modifications, the noticees are restrained from dealing in the scrip of Sharpline during the pendency of the investigation," Sebi's whole time member Ananth Narayan G said in the order on Wednesday. The watchdog noted that the liability for the illegal gain made by

from Markets https://ift.tt/8MXJHnr

Sebi confirms market ban on 21 entities in stock manipulation case

Sebi on Tuesday confirmed the securities market ban on 21 entities in a case related to manipulation of share price of Sadhna Broadcast by way of uploading misleading videos on YouTube channels. The ban on one individual -- Kundan Singh Bisht -- has been lifted and the total estimated amount of illegal gains through the alleged manipulation has been revised to Rs 38.61 crore. In March this year, the watchdog had barred various entities in the case and the estimated illegal gains earlier was Rs 41.85 crore. In a 125-page confirmatory order in the case with respect to 22 entities on Tuesday, Sebi refused to lift the ban on 21 of them. "I find that the submissions of the Noticees, except that Kundan Singh Bisht, are insufficient to refute the prima facie conclusions drawn in the Interim Order. "Consequently, the prima facie findings in the interim order dated March 02, 2023 that the Noticees have engaged in a fraudulent and manipulative scheme resulting in contravention of provision

from Markets https://ift.tt/K2lYqa4

October tremors: Nifty posts worst decline in 10 months, shows data

The Nifty fell 2.8 per cent in October, and the Sensex by 3 per cent, their biggest fall since December 2022

from Markets https://ift.tt/xUzDeWG

Gold prices fall by Rs 230, trading at Rs 62,400; silver up Rs 1,000

The price of 22-carat gold fell by Rs 210, trading at Rs 57,200 per 10 grams

from Markets https://ift.tt/j3SkO2m

Trading strategies for Nifty PSU Bank, Pvt Bank, Financial Services indices

According to Ravi Nathani, an independent technical analyst, the Nifty Pvt Bank and Financial Services indices can be bought on dips, while the Nifty PSU Bank index seems range-bound on the charts.

from Markets https://ift.tt/N1ziDFh

WTO member nations need to discuss crypto under e-comm negotiations: GTRI

The member countries of WTO (World Trade Organisation) should include issues pertaining to crypto currency while negotiating any agreement on the e-commerce sector, think tank GTRI said on Monday. As the crypto market garners increasing global attention, its classification under the WTO e-commerce framework remains ambiguous, Global Trade Research Initiative (GTRI) said. It added that the debate should pivot on whether exchanges of crypto-currency fall under 'electronic transmissions' in the e-commerce scope. "With the multifaceted dynamics of the e-commerce landscape, the outcomes of the ongoing WTO negotiations hold significant implications for global digital trade. "The inclusion or exclusion of crypto-currencies and the diverse positions of influential nations will shape the future of international e-commerce policies," GTRI Co-Founder Ajay Srivastava said. At present, the WTO members are holding two-pronged e-commerce negotiations (joint initiative and e-commerce moratorium)

from Markets https://ift.tt/5QAjDWn

Stock Market LIVE: Gift Nifty hints tepid start; Reliance, NTPC in focus

Stock market Update on Monday October 30: Major markets in the Asia-Pacific region quoted with losses this morning; Gift Nifty, however, indicated a likely flat start.

from Markets https://ift.tt/xUEYsNr

Nifty expected to consolidate; Look to buy Bank Nifty on dips

According to Ravi Nathani, an independent technical analyst, the NSE Nifty 50 is likely to trade in the 19,350 - 18,800 range.

from Markets https://ift.tt/Sl4buRF

FPIs pull Rs 20,300 cr from equities in Oct; invests Rs 6,080 cr in debt

Foreign Portfolio Investors (FPIs) have pulled out over Rs 20,300 crore from Indian equities this month so far, primarily due to a sharp surge in the US treasury yield, and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused Rs 6,080 crore into the debt market during the period under review, data with the depositories showed. Going ahead, the future of FPI flows hinges on several factors, including the US Federal Reserve's November 2 meeting and global economic developments, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said. In the short term, FPIs are expected to remain cautious amid global uncertainty and increasing US interest rates. Nonetheless, India's strong economic growth prospects should maintain its appeal for foreign investors in both equities and debt, he added. According to the data with the depositories, Foreign Portfoli

from Markets https://ift.tt/6EajsoP

Fed rate decision, macroeco data, earnings to dictate mkt trends: Analysts

The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. "All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields. Additionally, the policy decisions of the Bank of Japan will be closely watched. "Beyond these key events, global factors will also play a crucial role. Economic data releases from the US and China, as well as the ever-changing geopolitical situation, will influence market sentiment," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Among firms to announce their earnings this week are Adani Green Energy, DLF, TVS Motor Company, Bharti Airtel, GAIL, Hero MotoCorp, Tata Ste

from Markets https://ift.tt/AsiV7bK

Sebi turns up heat on unregistered influencers giving tips on social media

The regulator's order is at least the third high-profile crackdown on a financial influencer this year

from Markets https://ift.tt/61icp8W

Sharepro Services case: Sebi slaps Rs 33 cr fine on 13 individuals

Capital markets regulator Sebi has slapped fines totalling Rs 33 crore on 13 individuals, including senior officials of Sharepro Services (I) Pvt Ltd for flouting regulatory norms. The regulator levied fines in the range of Rs 1 lakh to Rs 15 crore on 13 individuals, including Rs 15.08 crore on Indira Karkera (Vice President and client manager for a number of client companies of Sharepro), and Rs 5.16 crore on Govind Raj Rao (Managing Director of Sharepro). Apart from senior officials, Sebi also penalised Balram Mukherjee, Pradeep Rathod, Shrikant Bhalakia, Anil Jathan, Chetan Shah, Sujitkumar Amarnath Gupta, Bhavani Jathan, Anand S Bhalakia, Dayanand Jathan, Mohit Karkera and Rajesh Bhagat. These individuals are referred to as noticees. In its 200-page order, Sebi found that securities at least worth Rs 60.45 crore (on the basis of the value of respective scrip in October 2016) and dividends worth Rs 1.41 crore of genuine shareholders were misappropriated in the fraud. Further, ..

from Markets https://ift.tt/6wiGTI4

Crypto unicorn CoinDCX expects govt to lower tax that crushed trading

The company reduced staff by 12% earlier in 2023 and now has around 550 employees. Operating revenue and cash in the bank give CoinDCX a five-year "runway," Gupta said

from Markets https://ift.tt/dPD46Nz

Weekend Bites: Bears rule, biggies declare results, feeble campus hiring

In which we munch over the week's platter of news and views

from Markets https://ift.tt/gXCZ0qv

Exchanges announce Muhurat Trading session; Blue Jet IPO subscribed 8x

Blue Jet's IPO comprises only secondary share sale worth Rs 840 crore

from Markets https://ift.tt/yHBXDfs

Stock Market Live: Asian shares defy Wall St selloff; US futures in green

Stock market live updates on October 27, 2023: At 7:15 am, the Gift Nifty futures were nearly flat at 18,973

from Markets https://ift.tt/3LeyNvz

Short rollover seen in Nifty Futures; Check Bear Spread strategy for index

The short-term trend of the Nifty index is weak as it is placed below its 5,11 and 20-day EMA

from Markets https://ift.tt/DPAEH7V

Gold prices steady as US jobless claims rise to 210K; crude oil drops

Spot gold was nearly unchanged at $1,977.79 per ounce by 1131 GMT

from Markets https://ift.tt/KfMChUV

Buy Nifty PSU Bank at this support; Nifty FMCG strategy eyed in this range

As per Ravi Nathani, adopting a buy-low, sell-high strategy for Nifty FMCG within the established range is the most prudent course of action

from Markets https://ift.tt/qH2kuaM

Stock Market Live: Nasdaq futures sink 1%, Asian stocks mirror weakness

Stock market live updates on October 26, 2023: Nasdaq futures were sharply down up to 1 per cent in after market trade in the US

from Markets https://ift.tt/jCpVz5Q

Kotak Mahindra Mutual Fund launches Consumption Fund for investors

An open-ended scheme that will invest in equity, equity related securities of firm s engaged in consu­mption and consumption related activities

from Markets https://ift.tt/PG20MjE

Stocks to Watch today: Axis Bank, Tech M, Vedanta, Delta Corp, ONGC, NDTV

Stocks to watch on Wednesday, October 25, 2023: The Bombay High Court has directed the Directorate General of GST Intelligence, Hyderabad, to not pass a final orders against Delta Corp

from Markets https://ift.tt/fMUjJTL

Nifty Financial, Nifty Private Bank: Trading strategy for near-term decline

As per Ravi Nathani, the Nifty Private Bank index is poised to encounter a stronghold of support at 22,200, according to chart analysis.

from Markets https://ift.tt/s82PZ4r

Stocks rebound globally as US yield stabilises; Dow Jones, S&P gain

The benchmark US 10-year Treasury yield remained high on Tuesday, though it was short of the 5 per cent level

from Markets https://ift.tt/4KcUz2I

At $35,198, Bitcoin climbs to highest since May 2022 on ETF excitement

A Bitcoin ETF is expected to make buying and selling Bitcoin easier through the stock market

from Markets https://ift.tt/HwQOMBG

Stock market closed today: BSE, NSE to remain shut on account of Dussehra

Stock market holidays: In the ongoing calendar year, the markets have a total of 15 holidays which is two more than last year

from Markets https://ift.tt/hnx3Xdp

Gold falls by Rs 300, silver down by Rs 200, trading at Rs 75,100/kg

The price of 22-carat gold witnessed a decline of Rs 250, with the yellow metal selling at Rs 56,350.

from Markets https://ift.tt/zUgPYes

Adani Total meets Hindenburg's predicted valuation with 85% plunge in stock

The shares of the conglomerate's city-gas distributor slid as much as 2.6 per cent to 575.7 rupees on Monday, taking losses from their January 24 closing of 3,891.75 rupees to 85 per cent

from Markets https://ift.tt/Q7BmIGP

Stock Market Live: Asian stocks fall, US futures tick higher in mixed cues

Stock market live on October 23, 2023: At 7:15 am, the Gift Nifty futures were nearly flat at 19,520 levels

from Markets https://ift.tt/rj5O7eI

Nifty50 index to consolidate in near-term; Buy Bank Nifty on dips: Nathani

Buy the Bank Nifty index either at the current market price of 43,600 or seize the opportunity below this threshold, says Ravi Nathani

from Markets https://ift.tt/rzd9HBU

M-cap of 10 valued firms plunge Rs 1.52 trn; Reliance, TCS biggest laggards

The combined market valuation of the top 10 valued companies plunged Rs 1,52,979.78 crore last week, with Reliance Industries and Tata Consultancy Services (TCS) taking the biggest hit in an overall weak trend in equities. Last week, the BSE benchmark fell 885.12 points or 1.33 per cent. The market valuation of Reliance Industries plummeted Rs 34,876.78 crore to Rs 15,55,531.53 crore. The valuation of TCS plunged Rs 27,827.08 crore to Rs 12,78,564.03 crore. Hindustan Unilever's market valuation eroded by Rs 18,103.6 crore to Rs 5,86,223.02 crore and that of Bajaj Finance fell by Rs 17,171.75 crore to Rs 4,70,574.90 crore. The market capitalisation (mcap) of ICICI Bank dived Rs 13,518.4 crore to Rs 6,53,120.67 crore and that of ITC dropped Rs 12,533.27 crore to Rs 5,46,537.83 crore. State Bank of India's valuation declined by Rs 11,512.75 crore to Rs 5,02,678.77 crore and that of HDFC Bank fell by Rs 10,387.09 crore to Rs 11,54,748.49 crore. The mcap of Bharti Airtel slipped Rs .

from Markets https://ift.tt/msALvGp

Favourable mkt conditions push 139 SMEs to mobilise Rs 3,540-cr via IPO

Strong participation of family offices as well as high-net-worth individuals (HNIs), adequate market liquidity, and optimistic investor sentiment have amplified interest in small and medium enterprise (SME) IPOs, with 139 such firms garnering Rs 3,540 crore through initial share sales in 2023 so far. This was higher than 109 companies that raised Rs 1,875 crore through initial public offerings (IPOs) in the entire 2022, according to data provided by primedatabase.com. Looking ahead, the fundraising environment for SME IPOs is anticipated to remain favourable, experts said. "The primary determinants include the growth potential of specific sectors, market liquidity levels, investor sentiment, and potential regulatory changes. The robust fundraising momentum is expected to persist, buoyed by the convergence of these influential factors," Abhishek Jain, Head of Research at Arihant Capital Markets Ltd, told PTI. Going by the industry data, a total of 139 IPOs have debuted on the SME ..

from Markets https://ift.tt/MXFybIS

Cryptocurrency worth $930,000 seized by CBI from Ahmedabad-based man

The CBI has seized cryptocurrency worth more than USD 930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company's fraud department, officials said. Based on inputs from the Federal Bureau of Investigation (FBI) of the United States, the CBI filed an FIR against Ramavat Shaishav, who allegedly contacted the US citizen over the phone and introduced himself as "James Carlson" from the fraud department of Amazon, they said. During searches, the CBI found 28 Bitcoin, 55 Ethereum, 25,572 Ripple and 77 USDT in Shaishav's e-wallet. These were transferred to the government's wallet at the time of the seizure, the officials said. He allegedly convinced the victim that his account on Amazon was being accessed by unscrupulous elements, and that his social security was being used from four different states to open accounts on the e-commerce platform. "It was also alleged that the accused induced the vict

from Markets https://ift.tt/cuJbvIk

RBL Bank Q2 results: Net profit increases 46%, aided by rise in core income

Provisions rise amid strategic shift in advances

from Markets https://ift.tt/I3wWBaz

Improved forex reserve provided policymakers room for manoeuvre: BIS report

India's improved forex reserve adequacy helped maintain investor confidence and improved policymakers' room for manoeuvre, said a report prepared by Bank for International Settlements (BIS). India maintained forex reserve upwards of USD 550 billion during most of 2022. BIS is an international financial institution which is owned by member central banks with primary goal to foster international monetary and financial cooperation. "Several members noted that the development of deeper and more liquid FX markets in the past facilitated efficient price discovery during 2022 and reduced the need for FX interventions or capital flow measures (CFMs) (including China, Indonesia and Malaysia)," the report said. In addition, minimum hedging requirements on corporates' net liability exposure in the past helped build firms' resilience and also mitigated the need for (or intensity of) an ex-post policy response in 2022, the report titled 'Inflation, external financial conditions and macro-financ

from Markets https://ift.tt/xB0iJto

Trading strategies for Nifty Auto, Pharma indices; check key levels here

The Nifty Auto index is exhibiting a bullish trajectory, and can be bought with a stop at 16,436, sugges3ts Ravi Nathani, an independent technical analyst.

from Markets https://ift.tt/JOhk8rF

Crypto fraud: Navi Mumbai cyber police freeze accounts worth Rs 32.66 cr

The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday. Senior police inspector Gajanan Kadam of the cyber police station in Navi Mumbai said they received a cheating complaint in August from a man who claimed to have invested more than Rs 6.6 crore in cryptocurrency trading. The man stated in the complaint that a woman caller befriended him and later asked him to invest in cryptocurrency trading while assuring good returns. As the complainant started investing huge amounts, he received a total of Rs 75 lakh in returns on various occasions, but later stopped getting the same, the official said. An offence in this connection was registered with the cyber police under various sections of the Indian Penal Code and the Information Technology Act. A police probe team enquired with various banks where the money was paid by the complainant and as a first step, go

from Markets https://ift.tt/ya0wPkW

Bidding for Blue Jet Healthcare IPO sale set to open on October 25

Bidding for the Initial Public Offering (IPO), which is entirely an offer for sale (OFS) of 2.42 crore shares by promoters -- Akshay Bansarilal Arora and Shiven Akshay Arora -- will conclude on Oct 27

from Markets https://ift.tt/nDukPaj

Gold price jumps Rs 500, closes at Rs 60,150; silver rallies Rs 1,000

Gold price jumped Rs 500 to Rs 60,650 per 10 grams in the national capital on Wednesday amid strong global cues in international markets, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,150 per 10 grams. "Gold prices jumped on Wednesday, following a positive trend in the overseas market," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said. Silver also surged Rs 1,000 to Rs 74,700 per kilogramme. In the global markets, both gold and silver were trading higher at USD 1,937 per ounce and USD 23.10 per ounce, respectively. Comex gold surged to its highest level in four weeks as demand for safe-haven assets intensified after the Middle East turmoil widened, with hopes for a diplomatic resolution deteriorating after a deadly explosion in Gaza, Gandhi said.

from Markets https://ift.tt/sGZmK2o

Stock Market LIVE: Asian indices mixed; China Q3 GDP comes at 4.9%

Stock market LIVE updates on Wednesday, October 18, 2023: Key indices across Japan, South Korea, China, Hong Kong, and Australia were mixed with Nikkei down the most

from Markets https://ift.tt/JP0bKyj

Nifty FMCG likely to exhibit bullish bias; Metal needs to clear 6964 hurdle

The Nifty FMCG can potentially rally nearly 2 per cent from current levels, to near about 53,625, says Ravi Nathani, an independent technical analyst.

from Markets https://ift.tt/aDtr1xz

IRM Energy collects Rs 160 crore from anchor investors ahead of IPO

City gas distribution company IRM Energy Ltd on Tuesday said it has raised over Rs 160 crore from anchor investors ahead of its initial share sale that opens for subscription on Wednesday. The company has decided to allot 31.75 lakh equity shares to 12 funds at Rs 505 apiece, which is also the upper end of the price band, aggregating the transaction size to Rs 160.35 crore, according to a circular uploaded on the BSE website. Foreign investors and domestic institutions -- Quant Mutual Fund, SBI General Insurance Company HDFC Life Insurance Company, DSP MF, ITI MF, BOI MF, Nippon AIF, and PNB Metlife -- were the anchor investors. The IPO is a fresh issue of up to 1.08 crore equity shares. The offer also includes reservation for subscription by eligible employees, and a discount of Rs 48 per equity share is being offered to such employees. At present, the promoters own 67.94 per cent stake in the company, with the majority being held by Cadila Pharmaceuticals (49.50 per cent), and th

from Markets https://ift.tt/a6bfYdI

Stock Market LIVE: Gift Nifty tops 19,800; HDFC Bank, Grasim, JFS in focus

Stock market LIVE updates on Tuesday, October 17, 2023: At 8:35 AM, Gift Nifty was up 64 points at 19,804

from Markets https://ift.tt/ws0GrA9

Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM

Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.

from Markets https://ift.tt/Sr1MdXk

Nifty Financial Services: Look to buy the dips as index consolidates

Whereas, one needs to be patience and await for a clear breakout on the Nifty Private Bank Index, suggests Ravi Nathani, an independent technical analyst.

from Markets https://ift.tt/ad7sjmS

Industrial metals to remain vulnerable to more softness near-term: Goldman

The copper market could face near-term pressure from the likelihood that Chinese imports of the metal could be restrained, the bank said

from Markets https://ift.tt/LQ5UXno

Stocks to Watch today: Adani Group, DMart, HDFC Life, TaMo, Dalmia Bharat

Stocks to watch on Monday, October 16, 2023: Ceat, Cyient DLM, Federal Bank, Jio Financial and Yatra Online among 24 companies to announce results today.

from Markets https://ift.tt/AvHaSwk

Stock Market LIVE: Asian indices crack as Brent hits $90; Nikkei down 2%

Stock market LIVE updates on October 16, 2023: Last Friday, the S&P 500 declined by 0.50 per cent in the US while the tech-heavy Nasdaq Composite lost 1.23 per cent

from Markets https://ift.tt/dTqfjCn

Nifty50 index confined within a 400-point trading range, indicates chart

Similarly, the Bank Nifty is seen consolidating in between the 44,764 - 43,781 points range, says Ravi Nathani, an independent technical analyst.

from Markets https://ift.tt/TxySVEF

Global markets brace for fallout amid escalating Israel-Hamas conflict

Market reaction in the past week has been relatively muted, though Israel's shekel currency took a big hit

from Markets https://ift.tt/I0Ypk9K

Earnings, geopolitical uncertainties to dictate market trends: Analysts

The ongoing second quarter earnings, movement of oil benchmark Brent crude and the uncertainty in the Middle East would dictate terms in the domestic markets this week, analysts said. Furthermore, the activities of Foreign Institutional Investors (FIIs) will also influence trading in the markets. "A slew of earnings reports from heavyweights expected this week will significantly impact market direction. The activities of Foreign Institutional Investors (FIIs) will be important, given their recent consistent selling streak," Santosh Meena, Head of Research, Swastika Investmart Ltd. Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. It was a tumultuous week in the market, marked by significant events and high volatility. Despite this, the market closed on a positive note, largely attributed to strong domestic liquidity. Last

from Markets https://ift.tt/RZYGfV7

FPIs take out Rs 9,800 cr in Oct amid rise in US bond yields, uncertainties

Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. This came after Foreign Portfolio Investors (FPIs) turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. This inflow was largely due to the reduction in US inflation from 6 per cent in February to 3.2 per cent in July. The temporary pause in the US Federal rate hike from May to August also played a role, Kislay Upadhyay, smallcase manager and Founder of FidelFolio Investments, said. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava,

from Markets https://ift.tt/QNZUXEg

Gold price unchanged at Rs 58,910, silver price unchanged at Rs 72,600

The price of 22-carat gold remained the same as yesterday with the yellow metal selling at Rs 54,000

from Markets https://ift.tt/o7c8CJ3

G20 FMCBG releases joint communique adopting roadmap on crypto assets

While welcoming the G20 IEG rpt on strengthening MDBs, the communique said that transformative changes are required in MDBs' vision, operating models and financing capacities

from Markets https://ift.tt/ZfqdtHC

Sensex down 342 pts, banking shares weigh on indices; Infosys down over 2%

Key Asian indices were in the red and Hong Kong's Hang Seng Index dropped more than 2 per cent

from Markets https://ift.tt/DYbojxO

Angel Broking hits record high on strong Q2 results; zooms 106% in 7 months

Analysts believe the Angel Group will continue to strengthen its market position by steady increase in active clients

from Markets https://ift.tt/kbqgA4r

From October 16, Bankex derivatives expiry date to shift to Monday

The exchange had chosen Friday as the expiry day for its relaunched Sensex and Bankex futures and options contracts to differentiate from market leader NSE

from Markets https://ift.tt/1yamlcp

Stock Market Live: Gift Nifty hints over 100pts gap-down; Infy ADR sinks 6%

Stock market Update on Friday, October 13: The US market ended lower on Thursday after US inflation rose slightly more than expected, and sent Treasury bond yields higher.

from Markets https://ift.tt/wYfDc7R

Euro zone govt bond yields rise as US CPI keeps rate hike in play

The U.S. 10-year Treasury yield - which sets the tone for other bond yields around the world - has dropped around 28 bps since surging to a 16-year high of 4.887% last week

from Markets https://ift.tt/yIM6pnT

Reliance Industries, select banking stocks attract strong MF flows

Maruti Suzuki, Zomato, ITC and Tata Motors are other stocks that have seen continued buying interest from MFs

from Markets https://ift.tt/XbfzJxV

Debt MFs continue to log outflow, see Rs 1 trillion withdrawal in Sep

Debt-oriented mutual fund schemes witnessed a net withdrawal of Rs 1.01 lakh crore in September, making it the second consecutive month of the outflow, primarily due to advance tax requirements of corporates and correction in equity markets. The segment saw an outflow of Rs 25,873 crore in August. Before this, the debt schemes attracted Rs 61,440 crore in July, data from the Association of Mutual Funds in India (Amfi) showed. The huge outflow has pulled down the assets under management (AUM) of fixed income funds or debt funds to Rs 13.05 lakh crore at the end of September from Rs 14 lakh crore in the preceding month-end. Investor sentiment towards debt investments was largely muted. Barring long duration and gilt fund segments, all the other 14 categories witnessed net outflows. These two categories have been finding favour with investors for some time in anticipation of a change in the interest rate cycle. "Advance tax payments and other quarter-ending accounting and financial ..

from Markets https://ift.tt/VSCuyRn

MOIL soars 12%, hits over 10-yr high after Quant MF buys 1.1 million shares

On October 11, Quant MF Gilt Fund has purchased 1.1 million equity shares, representing 0.54 per cent of total equity of MOIL, via block deal on the NSE, the exchange data shows

from Markets https://ift.tt/wEN8nas

Stocks to Watch: TCS, Adani Group, IndusInd Bank, Aster DM, RVNL, Cipla

Stocks to Watch on October 12, 2023: RBI has allowed SBI Mutual Fund to acquire up to 9.99 per cent stake in IndusInd Bank

from Markets https://ift.tt/Nc0VYos

Nifty Pharma, Metal: Key levels to watch out on these range-bound indices

According to Ravi Nathani, an independent technical analyst, Nifty Pharma index is oscillating between 15,450 and 15,000; whereas, the Metal index is moving in a range of 6,900 to 6,600.

from Markets https://ift.tt/nNDkxt0

Stock Market Live: Gift Nifty hints gap-up open; TCS Q2, buyback meet today

Stock market Update on Wednesday, October 11: TCS scheduled to announce Q2 results, share buyback decision after market hours today.

from Markets https://ift.tt/gOurklp

Nifty FMCG, Auto: Charts indicate divergent trend for these two indices

According to Ravi Nathani, an independent technical analyst, Nifty FMCG index stands resilient, and promises potential gains in this nuanced market landscape.

from Markets https://ift.tt/RmAI5of

Mufti brand owner Credo and RBZ Jewellers get Sebi's approval for IPOs

Credo Brands Marketing Ltd, which owns denim brand Mufti, and B2B and retail jewellery firm RBZ Jewellers Ltd have received approval from capital markets regulator Sebi to mobilise funds through initial public offerings (IPOs). RBZ Jewellers and Credo Brands, which filed draft papers with Sebi during June and July, obtained observations on September 28 and October 6, respectively, data with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, its observation means its go-ahead to float the public issue. Going by the draft papers, Credo Brands' maiden public issue is entirely an offer for sale (OFS) of up to 1.96 crore shares by promoters and other existing shareholders. At present, promoters and promoter group members together hold over 67 per cent stake in Credo Brands Marketing. Bennett Coleman & Co, which made an investment of over Rs 9 crore for 9.72 per cent ownership, holds a 12.36 per cent stake in the company. Credo Brands Marketing is .

from Markets https://ift.tt/nL2k8yW

TCS Q2 preview: Revenue, profit seen rising in single-digits; buyback eyed

TCS Q2FY24 preview: TCS could see a 9 per cent profit growth from last year to Rs 11,396 crore

from Markets https://ift.tt/Y5bqE2O

Sasken hits 52-week high; zooms 35% in one week after pact with Qualcomm

The company said its pact with Qualcomm marks a significant milestone in the realm of IoT innovation and underscores both firms' commitment in shaping the future of connected devices and services.

from Markets https://ift.tt/lr6mUhO

Stock Market Live: Gift Nifty atop 19,600; Nikkei, Hang Seng soar 2%

Stock market Update on Tuesday, October 10: Two US Fed officials, on Monday, hinited that there was little room to raise rates further.

from Markets https://ift.tt/o6MTfZD

Nifty Financial, Private Bank offer buying opportunities; check levels

According to Ravi Nathani, an independent technical analyst, Nifty Financial index can be bought with a stop at 19,570.

from Markets https://ift.tt/LUD4oPN

MCX shares hit record highs; Krystal Integrated Services files IPO papers

Krystal Family Holdings owns 100 per cent stake in the company

from Markets https://ift.tt/72j6f13

Oil prices surges more than 2% as Middle East turmoil roils markets

Brent crude was up $2.28, or 2.7%, to $86.86 a barrel by 0859 GMT, while U.S. West Texas Intermediate crude was at $85.23 a barrel, up $2.44 or nearly 3%

from Markets https://ift.tt/5LF263B

Stock price of these 5 recently listed IPOs hit lowest levels since debut

The stock price of Sai Silks (Kalamandir) (down 10% at Rs 220.05) and Updater Services (down 3% at Rs 276.16) fell below their issue price in intra-day trade on Monday.

from Markets https://ift.tt/EZq0HdD

Expect 28 IPOs worth Rs 38,000 cr in the next six months

The first half of 2023 have seen 31 corporates raise Rs 26,300 crore through main board IPOs. As many as 21 out of the 31 IPOs came in just 2 months of August and September.

from Markets https://ift.tt/MNrfgF0

TCS hits 52-week high, gains 1% in weak market on share buyback plan

Sharekhan believes, despite the challenging environment, TCS is well placed to grab cost takeout as well as digital transformation programs along with opportunities from vendor consolidation

from Markets https://ift.tt/81LjJVq

Nifty trapped in 19,300-19,800 range; Bias posiitve Bank Nifty above 43,600

According to Ravi Nathani, an independent technical analyst, Traders can either await a decisive breakout or opt for a riskier approach by shorting near the upper consolidation boundary.

from Markets https://ift.tt/bYDucyf

Israel stock and bond markets sink, businesses shut after Hamas attack

Gaza militants also fired thousands of rockets into Israel, some reaching as far as Tel Aviv, prompting airlines to suspend flights to and from Israel

from Markets https://ift.tt/Yx6FRX1

NSE, BSE eye core mkts with new launches as MCX awaits trading platform

As MCX manoeuvres the regulatory rigmarole over a new trading platform, its better-known rivals NSE and BSE, despite their relatively minuscule market share, are set to launch a major bid on Monday to enter the areas hitherto dominated by the country's largest commodity exchange. MCX (Multi Commodity Exchange of India Ltd) has been under the spotlight for a long time with regard to its transition to a new commodity trading platform from the one developed by its erstwhile promoter Financial Technologies India Ltd, now known as 63 Moons, that it has contracted to use till the year-end after repeated extensions. MCX announced last month that it will go live with the new platform developed by TCS from October 3, the implementation was put on hold soon after by the capital market regulator Sebi due to "technical issues" and in the wake of some pending legal matters. While the exchange has been holding mock trading sessions for the new software for quite a long time and will continue on .

from Markets https://ift.tt/kAay0CS

MCX gets Sebi approval to launch new commodity derivatives platform

MCX had initially intended to introduce the CDP on October 3. However, they have not revealed the new launch date yet

from Markets https://ift.tt/ZHpIEgy

FPIs sell-off continues; take out Rs 8,000 car from equities in October

Foreign Portfolio investors (FPIs) have dumped Indian equities worth Rs 8,000 crore in the first week of October on the back of dollar appreciation and the steady rise in the US bond yields. This came after FPIs turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going ahead, FPIs are unlikely to turn buyers in the market soon in the context of the elevated dollar and US bond yields, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data with the depositories, Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs 8,000 crore in this month (till October 6). India continues to be on top of emerging economies in attracting FPI this year, but September witnessed selling and October has begun with the same trend. "The dominant factor impacting capital flows

from Markets https://ift.tt/3KpwGaD

M-cap of 5 of 10 most valued cos jumps Rs 86,234.73 cr; TCS biggest gainer

The combined market valuation of five of the top-10 most valued firms jumped Rs 86,234.73 crore in a holiday-shortened last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer. While TCS, HDFC Bank, Infosys, Hindustan Unilever and Bajaj Finance were the gainers, Reliance Industries, ICICI Bank, ITC, State Bank of India and Bharti Airtel emerged as the laggards. Last week, the BSE benchmark climbed 167.22 points or 0.25 per cent. The market valuation of TCS rallied Rs 32,730.22 crore to Rs 13,24,649.78 crore, the most among the top-10 firms. Bajaj Finance added Rs 21,697.96 crore taking its valuation to Rs 4,94,884.37 crore. The valuation of Infosys jumped Rs 18,057.94 crore to Rs 6,13,655.04 crore and that of Hindustan Unilever climbed Rs 7,730.16 crore to Rs 5,87,104.12 crore. The market capitalisation (mcap) of HDFC Bank gained Rs 6,018.45 crore to Rs 11,63,164.31 crore. However, the valuation of Reliance Industries declined Rs 19,336.49 crore to Rs ...

from Markets https://ift.tt/5nOyCIV

EMS hits new high, soars 16% in 2 days; commands 46% premium to issue price

A combined 1.22 million equity shares representing 2.5 per cent of total equity of EMS have changed hands in first 25 minutes of trade on the NSE and BSE.

from Markets https://ift.tt/NLBbjQu

Stocks to Watch today: Rate sensitives, PB Fintech, Vedanta, IndiGo, GCP

Stocks to Watch on Friday, October 6, 2033: SoftBank Group is likely to sell shares worth up to $105 million in PB Fintech via block deals

from Markets https://ift.tt/mKNCvzP

Stock Market Live: Asian equities gain; US futures muted ahead of jobs data

Stock Market Live updates on October 6, 2023: The Reserve Bank of India's (RBI) monetary policy decision will dictate the market mood on Friday

from Markets https://ift.tt/l5ziSQA

Mutual fund industry sees best AUM growth in two years, shows data

The growth in AUM results from both market performance and fresh investments

from Markets https://ift.tt/MYjODW6

Sebi to tell court Adani inquiry began 2014, but hit dead end: Reports

Sebi restarted investigations into the group this year after U.S.-based short-seller Hindenburg Research raised governance concerns - allegations Adani Group has denied

from Markets https://ift.tt/1uzt0qk