Stock Market News

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

Tanushree Jaiswal || Gold prices edged higher on Tuesday, supported by comments from Federal Reserve Chair Jerome Powell that strengthened the case for a September rate cut. Investors are also awaiting further U.S. economic data for additional guidance on monetary policy. Spot gold increased by 0.1% to $2,423.89 per ounce by 0140 GMT. On Monday, prices reached their highest level since May 20, when gold hit a record peak of $2,449.89. U.S. gold futures remained stable at $2,429.90. Check MCX Gold Rate Today Live "Powell continued to set

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

Tanushree Jaiswal || The hedge fund iShares MSCI India ETF. As per its 13 F filing, the hedge fund has a long position in the fund with a $17.4 million stake that constitutes around 1.9% of Kingdon's total portfolio. The hedge fund has total assets of $915.77 under management. Kingdon Capital Management, the hedge fund associated with Hindenburg Research and known for short selling Adani Group shares, has only one other India-related investment in its portfolio. Kingdon Capital is a US-based investment management company founded by hedge

Tanushree Jaiswal || Established in 2013, P N Gadgil Jewellers Limited is a prominent jewellery retailer offering various precious metal/jewellery products, including gold, silver, platinum, and diamond jewellery, under its brand name "PNG" in various price ranges and designs. Key highlights of P N Gadgil Jewellers' operations include: 8 sub-brands for gold jewellery collections: Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Lifestyle, Pratha and Yoddha 2 sub-brands for diamond jewellery collections: Eiina

Tanushree Jaiswal || Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys. The company operates through two main divisions: Innomet Powders Innotung Innomet Advanced Materials offers a diverse range of over 20 products, including: Copper powders Bronze powders Brass powders Nickel powders Tin powders Stainless-steel powders The company specializes in producing custom grades of metal and alloy powders containing iron, copper, nickel, tin, zinc, a

Tanushree Jaiswal || Mach Conferences and Events' initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three days. Starting strongly on day one, the IPO witnessed a surge in demand, resulting in an impressive 59.06 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Mach Conferences and Events' shares and sets the stage for a potentially dynamic listing. The IPO, which opened on 4th September 2024, has seen in

Tanushree Jaiswal || Namo eWaste Management's initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three days. Starting strongly on day one, the IPO witnessed a surge in demand, resulting in an impressive 69.98 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Namo eWaste Management's shares and sets the stage for a potentially dynamic listing. The IPO, which opened on 4th September 2024, has seen increasing

Tanushree Jaiswal || Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced on Thursday the early closure of its ₹800 crore secured non-convertible debenture (NCD) issue. Details Key Information Issue Size ₹800 crore Type of Instrument Non-Convertible Debentures (NCDs) Early Closure Date Friday, 6th September 2024 Use of Proceeds General corporate purposes and debt refinancing Rating AA by CRISIL Market Pr

Tanushree Jaiswal || Shares of Sona BLW Precision Forgings experienced a rise of over 4% during morning trading on September 5, following the company's announcement of a ₹2,400 crore Qualified Institutional Placement (QIP) plan. The company has set a floor price of ₹699.01 per share for the QIP, with the possibility of offering an additional 5% discount at its discretion. As of 09:42 AM IST, Sona BLW shares were trading at ₹737.50 on the NSE, down from a high of ₹752.40 earlier in the session. The raised funds will be used to either full

Tanushree Jaiswal || Shares of Century Textiles and Industries saw a rise of approximately 3.5% during the morning session on September 5, following the company's announcement of a corporate guarantee worth ₹400 crore in favor of Hindalco Industries. This guarantee is connected to Ekamaya Properties, a wholly-owned subsidiary of Birla Estates, which itself is fully owned by Century Textiles. Ekamaya Properties is acquiring a land parcel in Kalwa, Thane, from Hindalco Industries as part of this deal. As of 10 a.m. IST, Century Textiles' stoc

Tanushree Jaiswal || The RailTel Corporation of India share price saw an increase in early trading on September 5, following the news of a new contract valued at ₹10.92 crore. As of 09:56 am IST, RailTel's stock was trading at ₹497.00 on the BSE, a rise of ₹2.70 or 0.55%. This contract, awarded by Northern Railways, pertains to a railway telecom project with a completion deadline of September 5, 2025. In addition to this, RailTel was granted 'Navratna' status by the Ministry of Finance on August 30. This prestigious designation, reserved

Tanushree Jaiswal || Franklin India Medium to Long Duration Fund (G) is a debt mutual fund scheme designed to offer investors the potential for stable returns over a medium to long-term investment horizon. Managed by Franklin Templeton, one of India's leading asset management companies, this fund primarily invests in a diversified portfolio of government securities, corporate bonds, and other debt instruments. The goal of the fund is to provide consistent income while balancing interest rate risk and credit risk. It is suitable for investors se

Tanushree Jaiswal || The Edelweiss Nifty Bank ETF (G) is a prominent exchange-traded fund (ETF) that offers investors a focused exposure to the banking sector within India's dynamic stock market. This ETF aims to replicate the performance of the Nifty Bank Index, which comprises the most liquid and large capitalized banking stocks listed on the National Stock Exchange (NSE). As the banking sector is a crucial component of the Indian economy, the Edelweiss Nifty Bank ETF provides investors with a convenient and efficient way to gain targeted acc

Tanushree Jaiswal || The Bandhan Nifty Midcap 150 Index Fund (G) offers investors a unique opportunity to tap into the growth potential of India's vibrant midcap segment. Designed to mirror the performance of the Nifty Midcap 150 Index, this fund provides diversified exposure to 150 mid-sized companies that are pivotal to India's economic expansion. Midcap companies often combine the growth potential of smaller firms with the stability of larger enterprises, making them an attractive option for investors seeking a balanced portfolio. With Ba

Tanushree Jaiswal || The Kotak Nifty India Tourism Index Fund (G) is a specialized mutual fund designed to capitalize on India's booming tourism sector. By tracking the Nifty India Tourism Index, this fund offers investors exposure to a diversified portfolio of leading companies in the tourism and hospitality industry, including airlines, hotels, travel services, and more. With India emerging as a global tourism hub, the fund aims to harness the growth potential of this dynamic sector, providing investors with a unique opportunity to benefit fr

Tanushree Jaiswal || Mrs Bectors Food Specialities Ltd, the company behind the Cremica brand of biscuits and cookies, has initiated a qualified institutional placement (QIP) to strengthen its financial standing and support its expansion goals, as reported by CNBC-TV18 sources. As of 9:20 am IST on September 6th, the Mrs. Bectors shares were trading up by nearly 2%, reaching ₹1,645 each. Through the QIP, Mrs Bectors aims to raise up to ₹400 crore, with the shares being offered at an indicative price of ₹1,550 per share. This price represents

Tanushree Jaiswal || Reliance Industries Limited (RIL), India's largest conglomerate, recently concluded its 47th Annual General Meeting (AGM), which, as anticipated, attracted significant attention. The meeting featured several crucial announcements across RIL's various business sectors, highlighting the company’s strategic vision and future aspirations. From leadership changes to significant advancements in the telecom, retail, and energy sectors, the 47th AGM underscored RIL's dedication to innovation and continued growth. In his add

Tanushree Jaiswal || Telecom stocks are under scrutiny on August 21, following the release of subscriber data by the Telecom Regulatory Authority of India (TRAI) for June. Reliance Jio, the telecommunications arm of Reliance Industries (RIL), added approximately 1.91 million wireless subscribers in June, while Bharti Airtel, led by Sunil Mittal, saw a more modest increase of 1.25 million subscribers, according to government data. Meanwhile, Vodafone Idea continued to lose ground, with 861,000 users leaving the network during the same period.

Tanushree Jaiswal || Shares of Cyient DLM and Cyient Ltd remained in the spotlight during Wednesday's trading session amid ongoing buzz around a block deal. The promoter entity, Cyient, divested equity shares in Cyient DLM Ltd through a block deal earlier today. At 09:15 am IST, approximately 14.5% of Cyient DLM's stake was sold via a block deal on August 21. The transaction, likely involving Cyient as the seller, took place on the BSE, as per exchange data. Roughly 1.2 crore shares of Cyient DLM were traded at a floor price of ₹766 per shar

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