Stock Market News

5paisa Research Team || Oil prices fell more than $1 per barrel Monday, October 14, slipping over 1.5% in early trading, as weak Chinese inflation data and uncertainty over Beijing's new economic stimulus measures rose concerns over demand. Following on Monday, Oil prices slumped with Brent crude futures shedding $1.26, or 1.59%, reaching $77.78 a barrel by 0020 GMT, while U.S. West Texas Intermediate crude futures lost $1.20, or 1.59%, reaching $74.36 a barrel. Negative economic indicators emanating from China overwhelmed market concerns

Tanushree Jaiswal || On Wednesday, August 7, veteran American investor Jim Rogers predicted a substantial rise in gold prices if the global stock market crashes in the upcoming months. He emphasized that during periods of market volatility, investors tend to favor gold for its safe haven qualities. Speaking with Business Today TV Managing Editor Siddharth Zarabi, Rogers advised investors to hold onto their gold, suggesting that its value could increase significantly in the near future. Rogers noted, "Gold prices have been down for many years

Tanushree Jaiswal || Concerns about demand in China and other regions have led to a significant selloff in global copper prices, pushing the metal into a bear market with a 20% decline from the peak levels seen in May this year. Copper prices have dropped below $9,000 per tonne for the first time since early April. Over the past month, copper futures have fallen by up to 7%, reaching near four-month lows, with analysts predicting further declines, reducing net long positions on the London Metal Exchange (LME) by 60%. Check Copper Price Today

Tanushree Jaiswal || Oil prices fell on Friday, marking second consecutive weekly decline due to mixed economic data & stronger dollar. Brent crude dropped to $84.50 per barrel, & U.S. WTI fell to $82.10 per barrel. Decline was influenced by strong U.S. labor data, slower growth in China, & Japan's inflation, which impacted market sentiment. Despite decrease in U.S. stockpiles, rising global stocks led to bearish trends, with OPEC+ unlikely to change output cuts. Check MCX Crude Oil Rate Today Live Check MCX Crude Oil Mini Rat

5paisa Research Team || Shares in PB Fintech, the owner of Policybazaar, surged on October 1 after brokerage firm Jefferies put a 'buy' rating with a target price at ₹1,800 a share, following a reported clarification by the management regarding its proposal to invest $100 million for acquiring a 20-35% stake in this new healthcare venture. According to Jefferies, the financial liability will, however, be limited to this initial investment by the new entity, which is likely to be self-sustaining, having its own resources. It is likely that th

Tanushree Jaiswal || Foreign investors acquired over $1 billion in IT stocks in the latter half of July, influenced by robust June quarter earnings that met expectations, fostering optimism about a sector recovery. In contrast, they divested nearly $1 billion from financial services due to sluggish deposit growth reported by numerous lenders. Recently, the RBI governor voiced concerns over structural shifts in the financial sector, highlighting that faster credit growth compared to deposit growth might lead to structural liquidity issues wit

Tanushree Jaiswal || JPMorgan Chase & Co. will intensify its monitoring of liquidity for longer-term Indian debt included in its emerging market bond index following regulatory actions to exclude future issuances of these bonds from eligibility. If there are insufficient secondary market quotes or complaints from clients, the Wall Street bank may reconsider the inclusion of these notes in the index, according to a source familiar with the bank’s internal discussions. The source, who requested anonymity, indicated that the bank will also

Tanushree Jaiswal || Shares of Tata Motors dropped by over 4% to ₹1,095 per share on August 2, despite the company reporting stronger-than-expected results for the June quarter. This decline came after the management's comments suggested a weak global demand for the rest of the fiscal year. However, brokerages remained mostly positive about the automaker, noting that the CV segment and Jaguar Land Rover (JLR) exceeded market expectations. At 9:40 AM IST, Tata Motors share price dropped as much as 4.76% to reach an intraday low of ₹1,090.05 p

5paisa Research Team || The ACME Solar Holdings Limited IPO, valued at approximately ₹2,900 crores, brings an opportunity for investors looking to enter India’s rapidly expanding renewable energy sector. As a leading producer of electricity from renewable resources, ACME Solar stands at the forefront of India’s energy transition, contributing to sustainable growth and reduced carbon emissions. With a blend of new shares and an offer for sale, this IPO caters to a wide range of investors aiming for long-term gains in an environmentally resilient

5paisa Research Team || Neelam Linens and Garments (India) Ltd, a prominent player in India’s soft furnishings and apparel market, is opening its Initial Public Offering (IPO) from 8th November to 12th November 2024. This IPO seeks to raise ₹13 crore entirely through a fresh issue of 54.18 lakh shares, with a price band of ₹20 to ₹24 per share. The minimum investment size for retail investors is ₹144,000, with 6,000 shares per lot. With the tentative listing on NSE SME scheduled for 18th November 2024, Neelam Linens and Garments IPO provides a

5paisa Research Team || Sagility India Limited, previously known as Berkmeer India Private Limited, is a healthcare-focused company providing essential solutions and services to leading US health insurers (payers) and healthcare providers. These services span a broad range of operational needs, such as claims management, payment integrity, clinical management, and revenue cycle management, which position Sagility as an indispensable partner in the healthcare ecosystem. With its upcoming Initial Public Offering (IPO), opening for subscription on

5paisa Research Team || Godavari Biorefineries Limited, established in 1956 and recognized as the world's largest manufacturer of MPO by installed capacity, made a disappointing debut on the Indian stock market on Wednesday, 30th October 2024, with its shares listing at a significant discount on both NSE and BSE. The company specializes in ethanol-based chemicals with an integrated biorefinery capacity of 570 KLPD, serving over 20 countries globally. Listing Details Listing Price: Godavari Biorefineries share price was listed at ₹308 p

5paisa Research Team || The share prices of NTPC and Tech Mahindra will be under focus on Thursday, October 31, as both stocks trade ex-dividend on this day. NTPC Dividend Details On 24 October, the board of NTPC approved an interim dividend of ₹2.50 per equity share of face value of ₹10 each for FY 2024-25. The payout works out to 25% based on the face value of the share. The record date for qualifying for this dividend is November 2, with the dividend payable on November 18, 2024. NTPC had earlier declared a final dividend of ₹3.25 per

5paisa Research Team || True North, which will hold Niva Bupa Health Insurance Ltd, a brand till recently Max Bupa, has been provided with the final greenflag from the SEBI in making an initial public offering (IPO) of ₹ 3,000 crore. Niva Bupa had filed its IPO documents with SEBI on June 29, 2024. It intends to raise ₹800 crore through a fresh issue and offer for sale, of which ₹320 crore will come from Bupa Singapore Holdings Pte. Ltd and ₹1,880 crore from Fettle Tone LLP, through an issue at face value of ₹10 per share. Under the OFS,

5paisa Research Team || The Securities and Exchange Board of India, or SEBI, has proposed a 30-day deadline for fund managers to allocate capital collected through mutual fund (MF) schemes during new fund offerings, or NFOs, with the aim of accelerating fund deployment. Currently, there is no specific time frame for deploying NFO proceeds in accordance with the specified investment strategy. According to a consultation paper, this deadline may also be stretched to 60 days, and that would come only at the approval from the fund house's inv

5paisa Research Team || SoftBank-backed food delivery firm Swiggy will open its initial public offering for its online business on Wednesday, 6 November 2024 for subscription. It would thus mop up up to ₹11,327.43 crores at the upper end. The company intends raising money through a fresh issue of as many as 115.36 million equity shares that carries a face value of Re 1. More so, it will issue some 175.09 million equity shares through the same issue. The anchor investors will place their bids on Tuesday, November 5, 2024, as per Swiggy's Red

5paisa Research Team || The Scheme- Motilal Oswal Nifty MidSmall Healthcare Index Fund Direct (G), in general, will hold all the securities that comprise of underline Index in the same proportion as the index. Expectation is that, over a period of time, the tracking error of the Scheme relative to the performance of the Underlying Index will be relatively low. The Investment Manager would monitor the tracking error of the Scheme on an ongoing basis and would seek to minimize tracking error to the maximum extent possible. There can be no as

5paisa Research Team || The Zerodha Gold ETF FoF - Direct (G) is a Fund of Funds (FoF) investment offering from Zerodha that primarily invests in units of Gold Exchange Traded Funds (ETFs). Designed to give investors a convenient way to gain exposure to gold without physically holding it, this scheme is ideal for those looking to diversify their portfolio with a relatively safer asset class. By pooling resources into gold ETFs, the fund aims to mirror gold’s performance, offering a hedge against inflation and a safeguard during market volatilit

5paisa Research Team || Motilal Oswal Nifty MidSmall India Consumption Index Fund’s passive investing approach would yield returns comparable to the overall returns before fees and expenses, albeit it would be susceptible to tracking inaccuracy. The plan seeks to invest between 95% and 100% of the Nifty MidSmall India Consumption Index's constituents as well as between 0% and 5% in liquid schemes, debt schemes, and money market instruments. Details of the NFO: Motilal Oswal Nifty MidSmall India Consumption Index Fund – Direct (G)

5paisa Research Team || Motilal Oswal Nifty MidSmall Financial Services Index Fund (G) is a passively managed index fund that tracks Nifty MidSmall Financial Services Index. This index comprises mid cap and small cap companies within India's financial services sector, offering investors exposure to a diversified basket of banks, non banking financial companies (NBFCs), insurance and other financial institutions. The fund aims to replicate the performance of its benchmark index with minimal tracking error. It is designed for investors seeking lo

5paisa Research Team || In the second quarter of the 2024-25 financial year, Tata Power posted a consolidated net profit of ₹1,093 crore, marking a 7% increase compared to the previous year. However, its revenue from operations saw a slight dip, decreasing to ₹15,698 crore from ₹15,738 crore in the corresponding quarter last year. Tata Power Q2 Results Highlights Revenue: Decreased 0.3% to ₹15,697.7 crore vs ₹15,738 crore in the previous quarter. Net Profit: Increased 7% to ₹1,093 crore vs ₹875.5 crore in the previous quarter

5paisa Research Team || Larsen & Toubro (L&T) reported a 5% year-on-year increase in net profit for Q2 FY24, reaching ₹3,395 crore, surpassing market expectations. The company’s revenue for the July-September period grew by 21% to ₹61,555 crore, outperforming the forecasted ₹57,303 crore. Before the results were released, brokerages had predicted that sales growth would be propelled by favorable execution conditions in infrastructure projects, along with consistent growth in the IT and ITeS sectors. iInvest in Indian Markets and

5paisa Research Team || Usha Financial Services Limited, established in May 1995 and specializing in providing lending solutions to NBFCs, corporates, MSMEs, and individual clients with a particular focus on women entrepreneurs, made a lukewarm debut on the Indian stock market on Thursday, 31st October 2024, with its shares listing on the NSE SME platform. The company, with an AUM of ₹306.96 crore and a net worth of ₹106.03 crore, also ventures into EV financing. Listing Details Listing Price: Usha Financial Services shares were l

5paisa Research Team || Dabur India Ltd announced its financial results for the quarter ended September 2024, reporting a net profit of ₹425 crore, a decline of 17% year-on-year. The company’s revenue also fell by 5% to ₹3,029 crore, aligning with market expectations. Dabur's consolidated revenue from operations stood at ₹3,028.59 crores during the quarter ended September from ₹3,203.84 crore in Q2FY24, a year-on-year fall of 5.5%. The business stated in an exchange filing that Dabur maintained excellent consumer connection with its major brand

Tanushree Jaiswal || The recent decline of the rupee against the US dollar, enhancing India's export competitiveness, might be a deliberate result of strategic central bank measures to address the perceived overvaluation of the rupee. This perception arose after the real effective exchange rate (REER) surged to nearly a four-year peak in June. After appreciating against the dollar in June, the rupee has continued to depreciate through July and early August. Money market analysts attribute this trend to potential actions by the Reserve Bank o

Tanushree Jaiswal || The Indian rupee is expected to reach a record low at the opening on Wednesday, ahead of significant U.S. inflation data and new interest rate projections from Federal Reserve officials. Non-deliverable forwards suggest the rupee will start trading at 83.58-83.60 to the U.S. dollar, down from 83.5650 in the previous session and surpassing the all-time low of 83.5750 set in April. On Tuesday, the rupee fell below the long-standing support level of 83.50-83.55. The rupee has faced challenging days recently. Weighed down by

Tanushree Jaiswal || The Foreign Exchange Derivatives market in India is undergoing a substantial disruption on April 5, due to the implementation of newly announced regulations by the Reserve Bank of India (RBI). It is anticipated that the implementation of these regulations, which mandate an underlying foreign-exchange exposure for currency derivatives trading on stock exchanges, will significantly affect the market, specifically affecting retail traders and speculators, who make up a substantial proportion of the participants. To comply w

Tanushree Jaiswal || In a rather low-profile move, the RBI has decided to officially withdraw the ₹2,000 notes from the currency circulation. This will be effective from 30th September 2023. Between March 23, 2023 and September 30, 2023, the RBI will offer a special window for the people holding these ₹2,000 currency notes to either exchange their notes or deposit these notes into the bank account. Banks will offer this window only up to September end and after that the ₹2,000 note cannot be either exchanged or even deposited in any of the comm

Tanushree Jaiswal || The attractiveness of buybacks from information technology (IT) companies is expected to diminish following the Budget 2023-24 announcement, which states that income from share buybacks will now be taxed as dividends for the recipient investor. Analysts anticipate this change will make buybacks less appealing due to increased compliance burdens and potentially higher taxes. Under the current system, companies are charged an additional income tax for buybacks. However, starting October 1, 2024, the income from share buyba

Tanushree Jaiswal || The Union Budget for 2024-25, unveiled today, marks the inaugural budget of the new coalition government, meeting high expectations from both industry stakeholders and the general public. The budget's central theme aligns with the ambitions of a youthful nation—focusing on employment, skills development, MSMEs, and the middle class. As the world's fastest-growing large economy, the budget needed to not only reinforce fiscal stability but also set the stage for sustained economic growth, a delicate balance the finance mi

Tanushree Jaiswal || The Union Budget for the fiscal year 2025 places a strong emphasis on the financial sector's vital role in fostering economic growth. This is achieved through several strategic announcements designed to enhance credit flow to key sectors and optimize outcomes in three critical areas: credit expansion, financial inclusion, and stressed assets resolution. The DFM Troika: Digital, Financial Inclusion, and MSME Support Measures Digital Initiatives First, the budget underscores technology initiatives in agriculture, par

Tanushree Jaiswal || Union Finance Minister Nirmala Sitharaman took center stage on July 23, 2024, as she presented the Union Budget for 2024-25, marking her seventh consecutive Budget presentation. The stock market's reaction was heavily influenced by the Budget proposals across various sectors. Earlier in the day, the Indian stock market erased its initial gains due to caution ahead of the Budget announcement. Although the NSE Nifty 50 and S&P, BSE Sensex opened about 0.3% higher, they were trading flat at 24,516.65 points and 80,553.9