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Honasa refutes inventory overhang claims, clarifies distribution transition
Honasa is transitioning to a single-layered distribution model in top 50 cities, having already implemented this structure in 70% of these markets
RateGain unveils Demand Booster to streamline hotel digital marketing
RateGain, which works with 3,200+ customers and 700+ partners across 100+ countries, continues to leverage AI-powered SaaS solutions for the travel and hospitality sector
Crude oil futures rise amid geopolitical tensions
At 9.54 am on Thursday, January Brent oil futures were at $73.01, up by 0.27 per cent, and January crude oil futures on WTI (West Texas Intermediate) were at $68.95, up by 0.29 per cent
Stock market update: Stocks that hit 52-week lows on NSE
Adani Ent., Adani Ports SEZ, SBI, IndusInd Bank and NTPC were among the top losers on NSE.
A total of 1,022 shares changed hands on the counter till time (IST).
Market volatility persists as Nifty dips amid global uncertainty
Sensex trades at 76,847.59 as of 9.40 AM, down by 730.79 points or 0.94% and Nifty opened lower at 23,488.45 and is currently at 23,275.30, losing 243.20 points or 1.03%
Bitcoin breaks $96,000 for first time on optimism over Trump crypto plans
Bitcoin surged past $96,000, fueled by expectations that a crypto-friendly regulatory environment under the Biden administration will propel the digital currency to new heights. The cryptocurrency's price has doubled this year, driven by a surge in institutional investment and growing mainstream acceptance.
Pidilite Ind stock price 0.13 per cent as Sensex
As of 30-Sep-2024, promoters held 68.43 per cent stake in the company, while FIIs held 11.96 per cent and domestic institutional investors had 3.62 per cent.
Stock market update: Nifty Realty index 0.31% in a weak market
The Nifty Realty index was trading 0.31 per cent at 963.30.
These 4 stocks showing RSI Trending Up on November 19
Four Nifty50 stocks showed RSI trending up, signaling strengthening momentum and potential upward movement: Tech Mahindra, Wipro, HDFC Bank, and Mahindra & Mahindra. Traders may consider these as buying opportunities.
Tata Power shares tumble 2% after inking deal with Bhutans firm for 5,000 MW clean energy projects
Tata Power's shares dipped 2.6% after announcing a partnership with Bhutan's Druk Green Power Corporation to develop 5,000 MW of renewable energy projects in Bhutan. The collaboration will focus on hydropower and solar projects, leveraging Bhutan's resources and India's energy demands.
Buy Grasim, target price Rs 3,060: Motilal Oswal Financial Services
Motilal Oswal Financial Services maintains a buy call on Grasim Industries, setting a target price of Rs 3,060. They cite a recovery in Grasim's VSF business and anticipate margin improvement in the second half of FY25. The brokerage also highlights the company's growing paints business and its goal to capture a significant market share by FY25.
Stock market update: Nifty Bank index 1.01% in a weak market
The Nifty Bank index was trading 1.01 per cent at 50115.85.
Voltas shares 0.7% as Sensex falls
On the technical charts, the RSI of the stock stood at 43.22.
Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries
Morgan Stanley maintains a cautious stance on the chemical sector, retaining an Overweight rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.
Swaminathan Aiyar, Consulting Editor of ET Now, shared his insights on the Maharashtra and Jharkhand Assembly election exit polls, suggesting that while the BJP-led alliance might have a slight advantage in Maharashtra, the results remain uncertain. He highlighted the BJP's challenge with 'defector parties' and personally believes that the Congress-Uddhav Thackeray coalition might secure victory in both states.
Divis Labs shares 1.33% as Nifty falls
The stock quoted a 52-week high price of Rs 6276.20 and low of Rs 3350.05.
Indian Hotels shares 1.68% as Sensex falls
On the technical charts, the RSI of the stock stood at 68.
Stock market update: Stocks that hit 52-week highs on NSE
Jindal Poly Investm, Pearl Global, Power & Instrument, Tera Software and Sky Gold, hit their fresh 52-week highs at 09:59AM.
Cochin Shipyard, Honasa among 38 smallcaps that crashed up to 78% from 52-week highs
The Nifty 50 index recovered slightly after a seven-day losing streak, but the broader market, particularly small-cap stocks, witnessed significant declines. Some small-cap stocks plummeted by as much as 78% from their 52-week highs, reflecting a bearish market sentiment.
Adani bull GQG caught in cross-firing as shares crash 26%, may review portfolio
GQG Partners, an investment firm that heavily invested in Adani stocks, is reviewing its portfolio following U.S. prosecutors indicting Gautam Adani and others on bribery charges. GQG's shares plummeted 26% after the news, while Adani Group stocks fell by up to 20% in India.
Buy Lemon Tree Hotels, target price Rs 155: HDFC Securities
HDFC Securities has issued a buy call for Lemon Tree Hotels Ltd., setting a target price of Rs 155. Despite a recent dip in occupancy rates, the hotel chain's revenue and EBITDA saw significant year-over-year growth. HDFC Securities predicts strong growth for Lemon Tree Hotels, citing the company's ambitious expansion plans and focus on asset-light growth.
Citi India Strategy: Nifty valuation reasonable post 10% correction; upgrades cement to overweight
Citi's latest India strategy report suggests that the recent market correction presents opportunities for long-term investors. While earnings show sectoral variations, Citi anticipates growth driven by public spending and rural demand. Despite strong domestic investments, continued FII selling remains a concern. Citi upgrades cement to Overweight and sets a cautiously optimistic Nifty target of 25,000 by September 2025.
PSP Projects shares dip 9% as Adani Infra to buy 30% stake in company
Adani Infra is set to acquire a 30.07% stake in PSP Projects from existing shareholder Prahladbhai S. Patel. The deal aims to boost PSP Projects' growth in the Indian infrastructure sector, with Adani planning significant investments. PSP Projects will retain its current leadership, but Adani Infra will gain equal board representation.
Bharti Airtel shares in focus as co awards multi-billion extension deal to Nokia
Bharti Airtel has signed a major deal with Nokia. Nokia will deploy 4G and 5G equipment in major Indian cities. This will enhance Airtel's network capacity and coverage. The deal also includes modernizing Airtel's existing 4G network. Airtel will use Nokia's network management system for intelligent monitoring. This partnership aims to provide customers with an unparalleled user experience.
The CBDT has released a new circular on condoning delays in filing ITR, replacing previous guidelines, effectiveOctober 1, 2024.
Stock market, Maharashtra election exit polls, Adani stocks: Should you sell Nifty on rise?
Indian benchmark indices opened lower on Thursday following the Maharashtra election exit polls, wherein BJP-led 'Mahayuti' alliance is signalled to get a clear majority and Adani Group news.
Buy Suzlon Energy, target price Rs 68: Geojit Financial Services
Suzlon Share Price: Geojit Financial Services has issued a buy call for Suzlon Energy, setting a target price of Rs 68. They project a 67% CAGR in WTG deliveries for FY24-27E, driven by anticipated growth in Indian wind installations. Geojit cites attractive valuations, recent order wins, and the acquisition of Renom Energy as key drivers for their positive outlook.
Best aggressive hybrid mutual funds to invest in November 2024
As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility.
Sensex resumes fall after 1-day break, sinks 700 pts, Nifty below 23,300; Adani stocks bleed
Indian indices Sensex and Nifty50 opened lower, impacted by Adani stocks' decline following bribery and fraud allegations.
Adani stocks: GQG Partners monitoring charges against Gautam Adani, says report
GQG has investments in Adani Green Energy, Adani Energy Solutions, Adani Power, Ambuja Cements and Adani Ports among Adani group companies.
Bullish Momentum: 5 stocks with White Marubozu Pattern on Nov 19
Five Nifty500 stocks, including Vijaya Diagnostic, Kalyan Jewellers, and Granules India, formed a bullish White Marubozu pattern on November 19, signaling strong buying pressure and potential future price gains.
F&O Radar| Deploy Bear Put Spread in Nifty to gain from bearish to range-bound stance
The Nifty index experienced volatility, closing lower after erasing early gains. Analysts suggest weakness may persist, with support levels at 23,350 and 23,200. A Bear Put Spread strategy is recommended to capitalize on the anticipated downward movement.
Gautam Adani-led Adani Group Stocks Today, Adani Group stocks Live Today: Adani Adani Group stocks in focus after Gautam Adani charged in US with $250 million bribery, fraud.
Buy Glenmark Pharmaceuticals, target price Rs 1,779: Choice Equity Broking
Choice Equity Broking has issued a buy call for Glenmark Pharmaceuticals, setting a target price of Rs 1,779. The brokerage projects robust growth for the pharmaceutical company, fueled by new product launches and expanding margins. They anticipate a 14.8% revenue CAGR and a 44.7% EBITDA CAGR from FY24-27E. Glenmark recently reported a consolidated total income of Rs 3473.
Adani Green Energy shares in focus today; here's why
Adani Green raised more than $175 million from US investors and Azure Powers stock was traded on the New York Stock Exchange during the alleged bribery scheme, SEC said in a statement.
JSW Steel shares fall by 1% on emerging preferred bidder for Codli mineral block XII in Goa
JSW Steel's shares dipped 1% after securing the Codli Mineral Block XII in Goa for 92.60% of the mineral value. The block holds an estimated 48.5 million tonnes of iron ore resources. This follows their Italian arm finalizing a 30 million release agreement with Metinvest Adria S.p.A.
ETMarkets Smart Talk: IT and Financials: The sectors to watch amid moderate market returns
The earnings print in the recently reported quarter were not exciting. Input cost moderation led to strong earnings growth in FY24. Considering the high base, a meaningful improvement in volume is required to sustain the earnings momentum.
Adani Energy shares crash to hit 20% lower circuit after 100% acquisition of Pune-III Transmission
Adani Energy Solutions' shares plummeted 20% after Gautam Adani and others faced charges in a US bribery and fraud case. This occurred despite the company's announcement of a 100% stake acquisition in Pune-III Transmission, aiming to enhance shareholder value and support renewable energy evacuation.
Neutral on Swiggy, target price Rs 475: Motilal Oswal Financial Services
Motilal Oswal Financial Services has given Swiggy a neutral rating with a target price of Rs 475. They believe that Swiggy's food delivery business is stable and will continue to grow. However, they are concerned about the gap between Instamart and Blinkit in the quick commerce space. On mid-mile and last mile variable costs, Instamart is, however, strikingly, better than Blinkit.
Vedanta Aluminium, India's largest aluminium producer, has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter. This five-year contract will see GAIL Gas construct a 7.5 km pipeline to deliver around 32,000 SCM of natural gas daily, reducing carbon emissions and boosting production at the world's largest aluminium plant.
CIEL HR Services files DRHP with SEBI, plans to raise Rs 335 crore via fresh issue
CIEL HR Services has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for acquisitions, investments, and working capital. CIEL HR, promoted by Pandiarajan Karuppasamy, offers a range of HR services and technology platforms to various sectors.
ONGC Share Price Live Updates: ONGC shares fall as market sentiment shifts
JSW Steel Share Price Live Updates: JSW Steel Market Performance
Cipla Share Price Live Updates: Cipla's stock price update
Divis Labs Share Price Live Updates: Divis Labs shares 1.33% as Nifty falls
UPL Share Price Live Updates: UPL's previous close at Rs 546.8 indicates steady returns
Be aware of important changes on index derivative contracts that go live today
To curb the rise in speculative trading, SEBI had earlier announced major changes in trading in the F&O segment
Be aware of important changes on index derivative contracts that go live from today
To curb the rise in speculative trading, SEBI had earlier announced major changes in trading in the F&O segment
Be aware of important changes on index derivative contracts that goes live from today
TCS Share Price Live Updates: TCS stock closes at Rs 4039.55
Eicher Motors Share Price Live Updates: Eicher Motors shows positive monthly performance
Indian Hotels Company shares: IHCL target price post Capital Markets Day
IHCL target price: Nirmal Bang maintained its 'Buy' with a revised target price of Rs 860 against Rs 790 earlier after rolling forward valuation its earnings projections to December 2026, using SoTP valuation methodology.
Flat opening seen for Nifty, Sensex
With exit polls giving mixed views, analysts expect market to remain lacklustre
Market bottom not yet formed; betting on HDFC Bank to outperform: Nischal Maheshwari
Market expert Nischal Maheshwari believes HDFC Bank is poised to outperform after a period of underperformance. He notes the bank's strong recent performance and expects it to surpass ICICI Bank as a leader in the private banking sector. Maheshwari also shares his insights on various stocks and sectors, including Tata Motors, travel and tourism, and BPC companies.
Positive Breakout: These 5 stocks close cross above their 200 DMAs
Adani stocks in focus after Gautam Adani indicted in US over role in alleged bribery, fraud
Stocks of Adani Group companies are expected to attract attention on Thursday following reports that Gautam Adani, the head of India's Adani Group, along with seven others, faces charges in the United States related to a multibillion-dollar bribery and fraud scheme.
UPL shares in focus on plans to raise Rs 3,378 crore via rights issue
UPL announced a rights issue to raise Rs 3,378 crore, offering shares at a 34% discount. The move aims to reduce debt, enhance liquidity, and fund strategic growth. This comes as the company reported a second-quarter net loss of Rs 443 crore despite a 22.3% rise in revenue.
Vikash Kumar Jain sees short-term rally in India despite geopolitical and macro challenges
The discussion is more about whether this is the right entry point or there is more that we could see to get a better entry point, I think that is really what the discussion has moved to.
Godrej Properties shares to remain in focus after co acquires 53 acre land in Kolkata
Godrej Properties has acquired a 53-acre land parcel in Kolkata, aiming to develop a residential plotted project with a revenue potential of Rs 500 crore. The project, located in Joka, is expected to offer 1.3 million square feet of saleable area. Godrej Properties' shares closed higher on the BSE following the announcement.
Fed governors stake out competing views of inflation risk
Federal Reserve Governors Michelle Bowman and Lisa Cook expressed differing views on future monetary policy. While Bowman urged caution due to persistent inflation, Cook expressed confidence in continued easing of price pressures. Their perspectives highlight the factors influencing the Fed's decision on a potential interest rate cut at its December meeting.
12 stocks to trade ex-dividend from Friday. Last chance to buy for eligibility
Twelve companies, including Orient Technologies and Steelcast, have set November 22nd as the ex-dividend date. Investors looking to receive dividends from these companies must purchase shares before this date. The article lists each company and their respective dividend amounts.
Lamosaic India IPO opens today: Check issue size, GMP, price band and other details
Lamosaic India's SME IPO, aiming to raise Rs 61.2 crore, opened for subscription on November 21st and will close on November 26th. The company, specializing in building materials, plans to list its shares on the NSE SME platform with a share price of Rs 200 apiece. The proceeds will be utilized for debt repayment, working capital, and future growth initiatives.
Stocks in news: Adani Stocks, Dr Reddy's, JSW Steel, Wipro, Airtel, GRSE, Power Grid & UPL
Stocks including Adani Group stocks, Dr Reddy's Labs, Wipro, JSW Steel, Airtel, GRSE, Power Grid, UPL, Tata Power, RITES, NLC India more will be in the spotlight on Thursday, November 21.
Adani dollar bonds tumble after US bribery charges
Dollar bonds issued by Adani Group companies experienced a significant decline in early Asian trading on Thursday. This followed an indictment in New York against Gautam Adani, the conglomerate's chairman, on allegations of bribery and fraud. The price drop, the most substantial since February 2023, was triggered by U.S.
Zinka Logistics shares to debut today. Here's what GMP indicates
Zinka Logistics is set to debut on the stock market with a flat premium. The company's IPO was met with a decent response from investors. Zinka Logistics aims to revolutionize India's trucking industry with its BlackBuck app, which provides a range of services for truck operators, including payments, telematics, and load management.
Adani stocks: Adani Enterprises is down 6 per cent in the past one month against a 4.49 per cent drop in the BSE Sensex. Adani Power plunged 14.29 per cent while Adani Energy Solutions tanked 16.53 per cent during the same period.
NTPC Green Energy IPO Day 2: GMP, Price Band, Subscription, Key Dates and Review
NTPC Green Energy's IPO, seeking to raise Rs 10,000 crore, has received a 33% subscription so far. Retail investors showed strong interest, subscribing 1.33 times the allotted quota. Analysts are optimistic about the company's growth potential in the renewable energy sector and recommend subscribing to the issue.
Vodafone Idea, Bharti Airtel shares in focus today after SC allows tax credit claims on infra duties
The Supreme Court of India has ruled that telecom companies can claim tax credits for duties paid on equipment like tower components and shelters. This decision overturns a previous Bombay High Court ruling and is expected to provide significant financial relief to companies like Bharti Airtel and Vodafone Idea by allowing them to claim credits previously deemed ineligible.
HDFC Bank, ICICI Bank, Kotak Mahindra Bank: Key support & resistance levels for these 3 stocks
An analyst from Swastika Investmart said that ICICI Bank is currently on the back foot as the stock is exhibiting a bearish trend with a pattern of consecutive lower lows and lower highs.
Nvidia's AI chip demand still booming but slowing sales growth worries investors
Nvidia, the world's most valuable firm, predicted its slowest revenue growth in seven quarters, falling short of investor expectations. Despite exceeding initial sales projections for its new AI chips, supply chain issues and high demand are impacting the company's growth and margins. While Nvidia's third-quarter earnings surpassed estimates, its data center segment experienced slower growth.
Bitcoin breaks above $95,000 for the first time
Bitcoin hit a record Thursday, topping $95,000 for the first time as it benefits from expectations that president-elect Donald Trump will push through measures to ease regulation of the unit. The digital currency hit $95,004.50 in early Asian trade, with observers expecting it to soon reach $100,000. dan/cwl
Nvidia is Wall Street's most valuable company. How it got there, by the numbers
Nvidia surpassed Wall Street predictions, reporting doubled revenue due to high demand for its semiconductors used in AI. The company anticipates further growth. Nvidia's market value reached $3.579 trillion, regaining the top position in the S&P 500. Its data center business revenue surged by 112%. Analysts project Nvidia's revenue to reach $126.5 billion by fiscal year 2025.
Oil prices firm as geopolitical tensions raise supply concerns
Oil prices saw a slight increase on Thursday due to escalating tensions between Russia and Ukraine, raising supply concerns. Despite increased U.S. crude stocks and restored output at a North Sea oilfield, the potential for OPEC+ to delay planned production increases due to weak global demand further fueled market uncertainty.
Dollar pulls ahead as markets focus on Trump policies, Fed outlook
The U.S. dollar strengthened as traders awaited clarity on President-elect Trump's policies and the Federal Reserve's interest rate plans. The dollar's rise was fueled by speculation that Trump's policies could boost inflation. Meanwhile, the euro weakened amid concerns about potential trade tariffs and the Russia-Ukraine conflict.
Gold extends gains on Russia-Ukraine jitters
Gold prices edged up for a fourth day, driven by safe-haven demand amid escalating Russia-Ukraine conflict and uncertainty surrounding U.S. interest rates. While Ukraine deployed Western missiles against Russia, investors awaited U.S. jobless claims data and Fed officials' remarks for clues on future rate decisions.
Wall Street ends mixed, Nvidia shares slip after the bell
The Nasdaq dipped on Wednesday, halting its previous rally, as investors reacted to heightened Russia-Ukraine tensions and disappointing Target earnings. Meanwhile, the Dow and S&P 500 saw modest gains. Market sentiment was also influenced by anticipation surrounding Nvidia's earnings, which were released after the closing bell.
GIFT Nifty down 75 points; here's the trading setup for today's session
The 23,780-23,800 range will serve as critical resistance for the index. On the downside, the 50-weekly simple moving average (WSMA) is placed near 23,300, which will provide short-term support for the index. Overall, the short-term trend is down till index remains below 23,800, said Hrishikesh Yedve of Asit C Mehta Investment Interrmediates.
Stocks in news: Airtel, Vedanta, Godfrey Phillips, UPL, Adani Enterprises
Fitch Ratings has maintained its 'B-' rating for Vedanta Resources Ltd (VRL), the parent of Vedanta, while assigning a positive outlook that signals potential upward momentum.
Asian stocks dip as Nvidia results fail to impress
Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher.
UBS joins GS in forecasting gold's rally isn't over yet
There's likely to be a period of consolidation due to the stronger dollar and concerns over the potential for more US fiscal stimulus to lead to higher rates before the precious metal starts climbing again, UBS analysts including Levi Spry and Lachlan Shaw said in a note. Bullion would rise a little further, to $2,950 an ounce, by the end of 2026, they said.
Vedanta Resources may raise $1.2 billion to refinance debt
The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.
BoB, Axis plan to raise Rs 6,500 crore via bond issues
State-run Bank of Baroda will likely offer tier-2 bonds worth 3,500 crore for 15 years, while private lender Axis Bank is looking at raising 3,000 crore through tier-1 bonds.
Affluent investors too feel the pinch as markets turn wobbly from lofty highs
According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala's family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.
Axis, KIMS among HSBCs 12 actionable stock ideas in Asia
We believe Asia in 2025 will look very different from what it did in the past few years, said HSBCs analysts. Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.
$94,000 Bitcoin hits fresh record high
Trump's seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office, said Stephane Ouellette, chief executive officer of crypto trading firm FRNT Financial.
Fewer stocks suffer deep cuts in the current selloff
The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.
