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 Rosmerta Digital Services Limited (RDSL) IPO, valued at approximately ₹206.33 crores, offers an exciting investment opportunity for those looking to tap into the digital transformation in India’s automotive industry. As a digitally enabled service provider, Rosmerta Digital has positioned itself as a vital contributor to streamlining automotive services, focusing on end-to-end registration and distribution solutions. The IPO, entirely a fresh issue, aims to fuel the company’s expansion plans, including infrastructure

5paisa Research Team || Niva Bupa Company Profile Niva Bupa Health Insurance Company Limited, a prominent player in India’s health insurance sector, is now offering an Initial Public Offering (IPO) valued at ₹2,200 crores. This IPO includes a fresh issue of ₹800 crores and an offer for sale worth ₹1,400 crores, presenting an opportunity for investors to participate in a robust and expanding industry. Established as a joint venture between the Bupa Group and Fettle Tone LLP, Niva Bupa has rapidly expanded its digital health services, includin

5paisa Research Team || Afcons Infrastructure Limited, established in 1959 and serving as the flagship infrastructure company of the Shapoorji Pallonji group, made a weak debut on the Indian stock market on Monday, 4th November 2024, with its shares listing at a discount on both NSE and BSE. The company, with 67 active projects across 13 countries and an order book of ₹34,888 crore as of September 2023, operates across five major infrastructure verticals. Listing Details Listing Price: Afcons Infrastructure share price was listed at ₹4

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 || Tube Investments of India Ltd. announced its financial results for the quarter ended September 2024. The company showcased a revenue increase of 14.4% year-on-year to ₹4,924.55 crore from ₹4,305.62 in the same quarter last year. Despite the revenue growth, net profit fell by 13.5%, totaling ₹299.17 crore compared to ₹346.19 crore in the same period last year. The company's EBITDA was ₹489.6 crore, marking a 13% decline year-on-year. The Engineering segment reported revenue of ₹1,323 crore for the quarter, up from ₹1

5paisa Research Team || Hyundai Motor Ltd.'s recent IPO saw a modest debut, listing below its issue price on October 22. Shares opened at ₹1,934 on the NSE, a 1.3% discount from the IPO price of ₹1,960, and at ₹1,931 on the BSE, a 1.5% discount. Over the 10 days post-listing, the stock faced a steady decline amid broader market fluctuations, closing at ₹1,814 as of November 4, 2024. This performance reflects tempered investor sentiment and points to challenges within the sector impacting Hyundai’s early trading days. Tracking the stock’s initia

5paisa Research Team || Azad Engineering Limited experienced a significant surge in its stock price, climbing 14.3% to ₹1,670 during early trading on November 4, following the announcement of a substantial ₹700 crore contract with Mitsubishi Heavy Industries (MHI). Azad Engineering stock price had closed at ₹1,461.10, in the previous trading session on Friday. On Sunday, the company announced in an exchange filing that it has entered into a Long-Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI) for t

5paisa Research Team || Elcid Investments has made headlines by becoming India’s most expensive stock, rising 21% in three trading sessions. This smallcap stock created history on Dalal Street by jumping from just ₹3.53 to an astonishing ₹2,36,250 in a single day; a massive increase of nearly 67,000 times. The stock has a market value of ₹5,470 crore. On October 29, Elcid surpassed MRF Ltd., becoming the most expensive stock, after the Bombay Stock Exchange (BSE) held an auction to find the fair value of holding companies. As Elcid’s shares

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 || Exide Industries saw its share price drop by 4% after reporting a 14% decline in net profit year-on-year (YoY) for the second quarter of the fiscal year. The stock reached an intraday low of ₹437.70 on the Bombay Stock Exchange (BSE) amid broader market trends. As of 1:40 PM, shares were down 3.66% at ₹443.50, compared to a 1.63% decline in the BSE Sensex, which stood at 78,423.93 points. Quick Insights Revenue: ₹4,267 crore, up by 3.89% YoY. Net Profit: ₹233.4 crore, decreased by 13.7% compared to last year.

5paisa Research Team || On Thursday, October 31, Narayana Hrudayalaya Ltd reported a 12.3% decrease in its consolidated net profit, reaching ₹198.8 crore for the second quarter ending September 30, 2024. This marks a drop from the ₹226.7 crore consolidated net profit recorded in the same quarter of the previous fiscal year, as disclosed in a regulatory filing by the company. Narayana Hrudayalaya Q2 Results Highlights • Revenue: ₹1,400 crore for Q2 FY25, a 7.3% YoY increase from ₹1,305.2 crore • Net Profit: 12.3% year-on-year YoY decline

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

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