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

5paisa Research Team || Diffusion Engineers IPO saw a positive anchor allocation response, with 29.84% of the total IPO size subscribed by anchor investors. Out of 9,405,000 shares on offer, anchors picked up 2,806,500 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on 25th September 2024, just ahead of the IPO opening on 26th September 2024. The book-built issue of ₹158.00 crores comprises a fresh issue of 9,405,000 shares. The price band is set at ₹159 to ₹168 per share, wi

5paisa Research Team || Kalana Ispat Limited, a manufacturer of M.S. and Alloy Steel Billets, made a disappointing debut on the Indian stock market on Thursday, 26th September 2024, with its shares listing at a significant discount to the issue price. Despite strong investor demand during the subscription period, the company's initial public offering (IPO) failed to maintain momentum on its first day of trading. Listing Details Listing Price: Kalana Ispat shares were listed at ₹45.15 per share on the NSE SME platform, marking a weak st

5paisa Research Team || Established in 2010, HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies. The company has completed around 200 projects in India and in 15 countries. As of August 31, 2024, the company employed 125 permanent employees and 21 temporary and agency workers. The Objectives of the Issue HVAX Technologies Limited intends to utilise the Net Proceeds

5paisa Research Team || Incorporated in October 2021, Nexxus Petro Industries Limited is involved in the trading, manufacturing, and sale of petrochemical products, particularly bitumen products. The company produces and distributes high-quality bitumen, bitumen emulsions, and special bituminous allied products to infrastructure/construction companies, government agencies, road authorities, and the bitumen industry. The company has three manufacturing units each in Gujarat, Rajasthan and Madhya Pradesh. As of September 2024, the company has 17

5paisa Research Team || Shares of Easy Trip Planners recovered sharply on 26 September, climbing nearly 7% after a three-day downturn. Most of the decline happened in the last session, where the stock fell by over 16% to a new low of ₹32.78, which was seen following the sale of a 14% stake by a promoter. As of 3:30 p.m. IST, Easy Trip Planners' shares were trading at ₹36.62, a 6.70% rise on the NSE. The price rebound was accompanied by significant trading volume, with 15 crore shares changing hands, far surpassing the monthly average of 6 cr

5paisa Research Team || Ola Electric Mobility's shares gained more than 3% during the morning trade on September 26, at ₹106, after HSBC reaffirmed its positive outlook with a 'buy' recommendation. Ola Electric share price have opened 0.9% higher from the last closing at ₹103.91, but they had seen a drop of 34% from the peak they had touched post listing at ₹157. HSBC has maintained a 'buy' rating with a target price of ₹140, implying upside potential of 35% from the last closing price of ₹103 on the NSE. The stock recently also faced a b

5paisa Research Team || Five-Star Business Finance stock price was on an up note on Thursday, September 26, as the scrip surged by up to 3.78% during the day to hit an intra-day high of ₹847.45 per share. Shares of the firm reached the day's high at 10:23 AM IST and was trading at 0.32% higher at ₹811 per share. At the same time, BSE Sensex was trading 0.27% higher at levels of 85,403.52. The stock price of Five-Star Business Finance jumped with 28.1 million shares traded in a block deal. According to BSE data, 2,81,04,950 equity shares o

5paisa Research Team || Shares of PB Fintech were down by more than 3%, September 26, after a report that the parent company of the firm, Policybazaar, is looking at an entry in the healthcare domain. The company is reportedly at an advanced stage planning its new business model, according to the reports, and may formally declare it soon. In response, PB Fintech said in an exchange filing, "We believe more people will take health insurance if the claims processes become faster and smoother. Alignment of interest between insurers and hospital

5paisa Research Team || The Baroda BNP Paribas Nifty200 Momentum 30 Index Fund – Direct (G) is an open-ended equity index fund that tracks the performance of Nifty200 Momentum 30 Index. It comprises 30 top stocks from Nifty 200, chosen on the basis of price momentum. It is designed to generate long-term capital appreciation by taking benefits from the momentum effect that has a higher likelihood of out-performance in trending markets. This fund focuses on momentum-driven companies and therefore has offered a strategic way for investors, looking

5paisa Research Team || Kotak NIFTY Midcap 150 Momentum 50 Index Fund - Direct (G) is a newly launched fund for tracking the NIFTY Midcap 150 Momentum 50 Index. The NIFTY Midcap 150 Momentum 50 Index tracks the top 50 stocks of NIFTY Midcap 150 ranked by the momentum. Momentum relates to the speed and direction in which the price of the stock is moving consistently over a span of time. It is designed to offer the investor exposure to high-potential mid-cap companies showing strong price momentum, hopefully a mix of growth and stability. Ideal f

5paisa Research Team || The Groww Nifty India Defence ETF FOF - Direct (G) is an investment product that exposes investors to India's growing defense sector. It mainly invests in the Nifty India Defence Index, tracking companies crucial to defense and aerospace industries, including manufacturing, maintenance, and supply of defense equipment. This strategically important sector, which the government is increasingly focusing on for domestic defense production and self-sufficiency, offers long-term growth prospects. Details of the NFO

5paisa Research Team || HDFC Nifty LargeMidcap 250 Index Fund - Direct (G) is a passively managed index fund that replicates the performance of the Nifty LargeMidcap 250 Index, which includes the 100 largest companies and 150 mid-sized companies, giving the best of stability from the large firms and growth story from the mid-sized businesses. The fund aims to provide long-term capital appreciation through a diversified portfolio of sectors similar to that of the index and is suited for large and mid-cap investors in India equity. Details of

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