45 C 
These 8 penny stocks surged upto 80% in a week
ETMarkets highlights 8 penny stocks showcasing share price growth ranging from 15-80% throughout the week. Our selection criteria prioritized stocks with a market capitalization below Rs 1000 crore and a share price under Rs 20.
Rampant fakes of lifesaving drugs found in Delhi, Jharkhand
Indias apex drug regulator has reported findings of spurious versions of five critical drugs being sold in the market.The regulator also declared 50 other medicines as not of standard quality
FPIs aggressively selling India stocks, offloaded over Rs 28,000 crore with 10 days to go in May
The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties.
The BSE Sensex surged 1,341 points, or 1.85percent, to 74,006 during the week ended on May 18. The Nifty gained 447 points, or 2.03percent, to 22,502. Sector-wise, the BSE Capital Goods index was the top performer surging by 10percent.
The job search playbook for a CXO role
FPIs withdraw Rs 28,200 crore from Indian market on poll uncertainties, attractive China valuations
This withdrawal surpasses the net pullout of over Rs 8,700 crore in April, attributed to concerns over a tweak inIndiastax treaty with Mauritius and a sustained rise in US bond yields, PTI reported. Before this, FPIs made a net investment of Rs35,098 crore in March and Rs 1,539 crore in February.
Factors that will guide the markets this week
The last batch of quarterly earnings, global trends and trading activity of foreign investors will guide the equity market movement in a holiday-shortened week ahead, analysts said. Volatility may continue amid investors' cautious approach in the election season. Markets will remain closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.
5 Indian stocks matching Peter Lynch's investing style with strong fundamentals & growth potential
Peter Lynch is commonly linked with the PEG ratio, which compares PE ratios to growth rates. MarketSmith has developed a specialized screening tool inspired by Lynch's investment approach. 5 Indian stocks matching Peter Lynch's investing style.
Passport power: Why having visa friends is vital for business
Its a summer travel season when Indians will likely haggle over visa woes. How some other countries like the UAE boosted their passports could hold the key to make it easier for Indians as well.
Fiscal Empowerment: This is how mothers are redefining financial freedom
The rise of fiscal feminism in India empowers women to take control of their finances, with more female investors emerging. Despite traditional roles, women are stepping out to contribute to socio-economic development by investing in stocks and mutual funds.
6 smart borrowing strategies for long-term financial health
In 2023, India witnessed notable changes in its financial sector, particularly in borrowing patterns. Young consumers are increasingly opting for flexible credit products like personal loans and credit cards.
Two mutual fund NFOs to open for subscription this week
Two NFOs are going to open for subscription this week, according to ACE MF data. Kotak NIFTY 100 Low Volatility 30 Index Fund's NFO will open on May 22 and Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund's NFO will open on May 22 as well.
A three-pronged taskforce in the works to rein in digital ads running amok
The ministries of information and broadcasting, electronics and information technology, and consumer affairs are joining hands to create a body to protect consumers from the dangers of misleading and fraudulent social media ads other digital promotions
HAL, Balkrishna Industries among 5 stocks with long buildup
In Saturday's trading session, five stocks experienced a buildup of fresh long positions, denoting a bullish trend.
Market cap of 8 of top 10 most valued firms climbs Rs 1.47 lakh crore; LIC, Reliance majorgainers
The valuation of LIC zoomed Rs 40,163.73 crore to Rs 6,16,212.90 crore. Reliance Industries added Rs 36,467.26 crore, taking its market valuation to Rs 19,41,110.70 crore.
Asian Paints, Berger Paints, Kansai Nerolac: Which paint major to bet on post Q4 results?
While maintaining a Buy call on Asian Paints, Systematix Institutional Equities in a report said that the paint major delivered weaker-than-expected Q4FY24 results.
7 mutual funds completely exited from these small cap stocks in April
RIL and Infosys among top 10 stock holdings of Kotak Mutual Fund
Kotak Mutual Fund manages 130 mutual fund schemes. A look at the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.
Vedanta among 7 companies which declared dividends this week
A list of 7 companies that announced dividend last week. The list includes, Bharti Airtel , DLF, M&M, Vedanta among others.
This week, SBI, Colgate-Palmolive (India), Oberoi Realty, Tata Consumer Products, and Sula Vineyard will go ex-dividend. Bharat Dynamics and Som Distilleries Breweries & Wineries will undergo a stock split, with other companies also set for corporate actions such as bonus issues and rights issues. On May 24, Tata Consumer Products (Rs 7.75/share), and Vedanta (Rs 11/share) will trade ex-dividend.
Industrials & Consumer Durables deliver biggest gains in Q4. Heres how other sectors performed
Nifty500 has surged 37% and Sensex 20% in the past one year. Here's a look at the sectors with the biggest gains in the past quarter. Industrials sector was the biggest gainer, followed by consumer durables and metals and mining.
Big Funds bet the anything but bonds trade is poised to end
US bond investors increase positions in long-dated high-grade corporate bonds, expecting gains from future interest rate cuts. Market attention is on upcoming bond sales and key economic data releases globally. The anything but bonds trade may now have run its course and long-duration debt is set for a comeback in the second half.
What is going to be the main focus for HUL?
'Although currently, urban areas contribute more to growth than rural, there is no reason why rural areas should not contribute.'
No royalty hike for parent as Nestle India shareholders turn down proposal
Majority of Nestle India shareholders have rejected a proposal to increase royalty payout to Swiss parent Nestle SA. A total of 57.18% shareholders voted against the proposal, including 70.8% public shareholders. The board approved a 5-year royalty increase from 4.5% to 5.25% of net sales. Proposal included Maggi instant noodles and Nescafe instant coffee.
'Hasn't ended well...': After Nirmala Sitharaman, CEA Anantha Nageswaran raises an F&O red flag
Finance Minister Nirmala Sitharaman had earlier this week cautioned against an unchecked explosion in retail F&O trading saying it may potentially create problems in household finances.
FMCG companies continue to lag India Inc peers
Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestl, and Britannia have been top-performing stocks on the bourses in recent weeks. The Nifty FMCG index, which tracks the share prices of the country's top 15 listed FMCG companies, is up 1.9 per cent month-to-date in May compared to a 2.4 per cent decline in the benchmark Nifty 50 in the period.
Stop using banned calcium carbide for ripening fruits, gov warns traders as mango season peaks
The government also said that the State and Union Territory Food Safety Departments have been put on alert and urged to take action against violators under the provisions of the FSS Act, 2006.
Why Indian retail pharmacy sector is on a growth trajectory
Pharmaceutical analysts have indicated that the sector's growth outlook remains positive.
Graphene, a wondrous material, starts to prove useful
It could help launch satellites
SME IPOs deliver huge returns: Investors reap quadruple gains in days
Notable IPOs like Winsol Engineers, Refractory Shapes, and TGIF Agribusiness listed at significant premiums on NSE Emerge and BSE SME Exchange
EPFO has released a circular detailing the settlement of physical claims in death cases. The numerous cases mentioned by the EPFO include a) Where incorrect member details are given in aadhaar, b) Unavailability of aadhaar in respect of pre-aadhaar death cases, c) Aadhaar got deactivated, d) others
Commodities giants lead charge towards sustainable supply chain solutions
This transformation isnt driven by environmental concerns; its a matter of survival
Led by strong rise in profitability, these stocks have also rallied sharply and given up to 200% return in the last one year.
Sebi held consultations with the industry representatives from AMFI and various AMCs, and has now proposed that mutual fund schemes may invest in such overseas mutual funds which have exposure to Indian securities not more than 20 percent of their net assets
Why are Chinese nationalists turning on Chinese brands?
Even Huawei isnt patriotic enough, apparently
over 28 stock ideas from prabhudas if bjp wins 300-325 seats in lok sabha elections
Here a list of sectors along with the sectoral top picks that will have a positive impact on NDAs return, as suggested by Prabhudas Lilladher:
Sensex closes above 74,000, Nifty ends above 22,500 in special trading session
The BSE's barometer Sensex rose 88.91 points, or 0.12 per cent to 74,005.94-mark. NSE's Nifty50 gained 35.90 points, or 0.16 per cent, to 22,502.00.
Nestle India shares jump 3% as shareholders reject royalty hike
The jump in stock price happened after the MNC's shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.
Adam Smith's investment mantra: Prioritize profit while dodging pitfalls
From his years of experience, Goodman made several observations about the market in his book The Money Game. Here are some of them which are still relevant for modern-day investors.
Rising rates of hypertension driving growth in cardiac drugs market
The growth rate of the market value of anti-hypertensives recorded fluctuations over the years but maintained a stable demand overall, according to Pharmatrac data.
These sectors may deliver solid returns if PM Modi comes to power again. Take a look
Defence players such as Astra Microwave Products and Hindustan Aeronautics have gained 124% and 194%, respectively, since May 17, 2023.
PPFAS Mutual Fund: ITC, Power Grid, and Coal India among top 10 stock holdings in April
Here are the top 10 stock holdings of the fund house, according to the report by Motilal Oswal Mutual Fund.
Will UPI cash deposit facility render debit cards irrelevant?
RBI's decision to allow UPI for cash deposits at ATMs may render debit cards irrelevant as mobile payments surge. Debit card usage has stagnated, while mobile payments have more than doubled in the last three years, according to RBI data.
5 trading strategies to navigate market volatility this election season
Increased uncertainty during elections can lead to higher market volatility. Options trading strategies like straddles or strangles can be effective in profiting from price swings or hedging against unexpected market moves.
In a recent BSE interaction, Finance Minister Nirmala Sitharaman was questioned by a broker on the hoard of taxes his community has to bear.
'Super Rich in Korea' on Netflix: 3 hidden money lessons to learn from the series
Explore the extravagant lives of Korea's super-rich, their lavish spending on designer items, and the hollowness of their displays of wealth. Follow the stories of individuals like David Yong and Aren Yoo, reflecting on the consequences of flaunting wealth and the importance of discretion.
Sensex, Nifty end first phase of Saturday's special trading sessionon a flat note
BSE barometer Sensex rose 129 points, or 0.17 per cent to Rs 74,047-mark. NSE's Nifty50 added 43.05 points, or 0.19 per cent, to 22,509.15.
IPO calendar next week: 2 new issues, 8 listings to keep primary market vibrant even amid elections
Apart from the new issues, D-Street will see as many as 8 listings including that of the Go Digit General Insurance, which opened for subscription in the week gone by and generated significant enthusiasm among investors, reflecting the broader positive market sentiment.
These 3 stocks crossed below VWAP on May 17
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day
Strong FII flows may come back into India post elections: Ashi Anand
If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets.
Positive Breakout: Trident and 6 other stocks cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
At multi-year highs: These 6 stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
FIIs sold Rs 50,000 crore of shares in 5 weeks; here's why
After purchasing equities worth Rs 13,672 crore from April 8-12, FIIs offloaded Rs 50,260 crore of sharesbetween April 15 and May 17. The buying appetite of DIIs capped the downside. According to data from the exchanges, DIIs bought shares worth Rs 64,400 crore during the same period.
T-Minus 60: RBI fires liquidity booster
The Reserve Bank of India (RBI) has responded to tight liquidity conditions in the banking system by announcing a significant reduction in the government's treasury bill sales and introducing a new selection of bonds for the Centre's buyback operations. This move aims to alleviate cash constraints for banks, which have been exacerbated by muted government spending during the ongoing general elections. By reducing the supply of treasury bills and offering bonds for repurchase at acceptable prices, the RBI seeks to inject liquidity into the banking system and ease borrowing costs for banks.
TV Today Network Q4 Results: Net profit jumps nearly 2-fold to Rs 11.46 crore
The company had posted a consolidated net profit of Rs 5.85 crore in the year-ago period, TV Today Network said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 252.79 crore against Rs 217.14 crore in the corresponding period a year ago.
Govt lens on misuse of antibiotics, DCGI seeks report within 2 weeks
This comes in the backdrop of excessive and irrational use of antibiotics in India which fail to work in patients when they are routinely exposed to these drugs.
M and M shifts to high gear with Rs 37K cr investments
Automotive (auto) major Mahindra and Mahindra (M and M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).
Need to think about capital markets reforms 2.0 to meet needs of growing economy: CEA
Chief Economic Adviser V Anantha Nageswaran called for capital market reforms 2.0 at the CII Annual Business Summit, emphasizing India's upcoming inclusion in JP Morgan and Bloomberg bond indices and the importance of managing foreign flows.
Medanta Q4 Results: Net profit jumps 26% YoY to Rs 127.3 crore
Global Health (Medanta) reported 26% year-on-year (YoY) jump in net profit to Rs 127.3 crore in Q4FY24 due to increase in revenue growth from matured and new hospitals, along with higher patient volumes.
Ahead of Market: 10 things that will decide D-Street action on Saturday
Auto and metal stocks helped Indian benchmark equity indices on Friday log their best week since early February. The market would be open this Saturday as part of a disaster recovery exercise. MACD showed bullish trade on the counters of Bharat Rasayan, Lux Industries, Data Patterns, TeamLease Services. Tata Steel, Tata Motors, SBI, ONGC were the most traded stocks.
Forex reserves jump $2.56 bn to $644.15 bn
India's forex reserves jumped $2.56 billion to $644.15 billion for the week ended May 10, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the kitty had increased $3.67 billion to $641.59 billion after three consecutive weeks of decline.
Bandhan Bank Q4 Results: Net profit slumps 93% YoY to Rs 55 crore
Sharply higher provisioning dragged Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period.
Trent, Bharat Electronics likely to replace LTI Mindtree and Divis Lab in Nifty: Nuvama
The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.
RBI calls for better governance in asset reconstruction companies
RBI pointed out that it has come across several cases of non-compliance by these asset reconstruction companies and reiterated that regulations need to be followed
Here is what Franklin Templeton Mutual Fund bought and sold from its portfolio in April.
Delhi HC sets aside single-bench order asking SpiceJet to pay Rs 270 cr to KalanithiMaran
SpiceJet and Singh had approached the Delhi HC where they sought to annul the portion of the award which instructed them to refund Rs 270 crore to Kal Airways and Maran.
NFO Alert: SBI Mutual Fund launches automotive opportunities fund all you need to know
SBI Automotive Opportunities Fund is a thematic mutual fund that aims to generate long-term capital appreciation for unit holders by investing in a portfolio of companies engaged in automotive and allied activities. The scheme opened for subscription on May 17 and will close on May 31.
Vodafone Idea to begin 5G services in six months: CEO Akshaya Moondra
Vi has completed minimum rollout obligations as mandated by the government, in four circles, Moondra said.
LT Foods Q4 Results: Net profit rises 14% YoY on strong sales
LT Foods, owner of basmati rice brands 'Daawat' and 'Royal', on Friday posted a 14 per cent jump in consolidated net profit at Rs 150.24 crore for the fourth quarter of fiscal 2023-24 on robust sales. The company's profit stood at Rs 131.81 crore a year earlier.
FPIs turn buyers, snap 11-session selling streak
India is still the third most liked Asia Pacific market after Japan and Taiwan, with 18 per cent of the panellists are overweight India
Sobha Q4 Results: Net profit down 86% YoY to Rs 7 crore
Realty firm Sobha Ltd on Friday reported 86 per cent decline in consolidated net profit to Rs 7.02 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 48.57 crore in the year-ago period.
The private-equity industry has a cash problem
Little wonder its investors are protesting
NSE, BSE to hold special trading session on Saturday (May 18): Check timings, other key details
NSE and BSE will undergo an intraday switch from the primary site to the disaster recovery (DR) site during the mentioned session.
Two multibagger stocks eyeing Nifty crown, one is Tata and another PSU
Nifty has 50 stocks which are selected based on a free-float m-cap weighted method, wherein the level of the index reflects the free-float m-cap of all stocks in the barometer. HDFC Bank has the highest weightage in Nifty at 11.48%, followed by RIL, ICICI Bank, Infosys, and L&T
ONDC has facilitated 7.22 million transactions in April and onboarded over 5 lakh sellers, the DPIIT secretary said.
These 4 realty stocks hit 52-week highs, rally up to 30% in a month
Hitting a 52-week high is important as it reflects a stock's peak value over the previous year, which carries significant implications for traders and investors.
Brightcom Group share price: The stock plunged 5 per cent to settle at its fresh one-year low of Rs 11.08. At this price, it cracked has 14.18 per cent in three trading days and 25.59 per cent in a month.
Gainers & Losers: M&M, HAL among 6 stocks that hogged limelight Friday
Led by auto, banking and metal stocks, markets ended the day in green.
Stock market update: Nifty Bank index advances 0.29%
The Nifty Bank index closed 0.29 per cent up at 48115.65.
Sensex climbs over 250 pts on buying in Reliance, M and M
M and M was the biggest gainer on the Sensex chart, rising 5.97 per cent, followed by JSW Steel, Ultra Cement, Kotak Bank, ITC and NTPC. Reliance Industries gained 0.73 per cent to close at Rs 2,871 apiece. In contrast, TCS, HCL Tech, HUL, Nestle Industries, Bajaj Finserv, Wipro and Infosys were among the losers.
ICICI Prudential Mutual Fund Portfolio: RIL, ITC among top 10 stock holdings in April
ICICI Prudential Mutual Fund manages 253 mutual fund schemes.
HDFC Bank, Axis Bank among 5 stocks with top short covering
Short covering signals a shift in view on security from extreme bearishness to bullishness.
Currency market today: Rupee rises 17 paise to close at 83.33 against US dollar
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 104.73, higher by 0.26 per cent
Stock market update: Nifty IT index falls 0.85%
The Nifty IT index closed 0.85 per cent down at 33381.85.
Bandhan Bank Q4 Results: Lender posts PAT at Rs 55 crore on higher provisions; NII at Rs 5,189 crore
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
Cochin Shipyard shares jump 7% to hit fresh record high; here's what analysts say
Cochin Shipyard share price: The stock surged as much as 6.89 per cent in intraday trade to hit an all-time high of Rs 1,438.65. It eventually settled 5.13 per cent higher at Rs 1,414.90. At this price, the multibagger scrip has gained 107.61 per cent in 2024 so far and 417.43 per cent in a year.
Stock market update: Nifty Auto index advances 1.74%
The Nifty Auto index closed 1.74 per cent up at 23285.65.
