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 || The Federal Reserve announced on Thursday that it would be lowering its key interest rate by a quarter percentage point. This decision was widely expected as inflation approaches the central bank’s target of 2%. Consequently, the federal funds rate now stands at a range of 4.5% to 4.75%. The US Federal Reserve opted to cut the benchmark interest rate by 25 basis points (bps) to 4.50% - 4.75%, aligning with Wall Street predictions, as policymakers noted a job market that has “generally eased” while inflation continues

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

5paisa Research Team || Summary ACME Solar Holdings IPO has closed with a strong response from investors, achieving a final subscription of 2.89 times by 8th November 2024 at 5:23:09 PM (Day 3). The public issue witnessed robust demand across all categories. The Qualified Institutional Buyers (QIB) portion led with 3.72 times subscription. The Retail Investors segment showed strong interest with 3.25 times subscription. The Employee portion achieved 1.85 times subscription, while the Non-Institutional Investors (NII) category crossed full

5paisa Research Team || Summary Swiggy IPO has closed with a strong response from investors, achieving a final subscription of 3.59 times by 8th November 2024 at 5:23:08 PM (Day 3). The public issue witnessed varied demand across categories. The Qualified Institutional Buyers (QIB) category led with an impressive 6.02 times subscription. The Employee portion showed good interest with 1.65 times subscription. The Retail Investors segment achieved 1.14 times subscription. The Non-Institutional Investors (NII) category showed lower interest

5paisa Research Team || Onyx Biotec Limited, a leading player in India’s pharmaceutical manufacturing industry, is presenting an Initial Public Offering (IPO) valued at ₹29.34 crores. Onyx Biotec's IPO comprises a fresh issue of 48.1 lakh shares, providing investors with an opportunity to invest in a fast-growing sector. Established in 2005, Onyx Biotec primarily produces Sterile Water for Injections and provides contract manufacturing for Dry Powder Injections and Dry Syrups, serving both domestic and international markets. With two manufactur

5paisa Research Team || Mangal Compusolution Company Profile The Mangal Compusolution Limited, valued at approximately ₹16.23 crores, offers an interesting opportunity for investors seeking exposure to India's IT hardware rental market. Mangal Compusolution, known for its hardware rental solutions, has built a reputation for fulfilling business IT needs across multiple industries. Mangal Compusolution's IPO, which is entirely a fresh issue, aims to provide the company with capital for growth, specifically targeted toward capital expenditure

5paisa Research Team || China has approved a significant new fiscal stimulus to bolster its slowing economy, unveiling an $839 billion refinancing package for local government debt. The plan, approved by the National People's Congress (NPC), includes provisions for debt relief and infrastructure investments over the next three years. As China faces new economic challenges and trade tensions with the recent re-election of Donald Trump as U.S. President, this stimulus aims to stabilize growth and address financial strains on local governments. He

5paisa Research Team || This report tracks the stock performance of recently listed IPOs, particularly observing their performance within ten days of listing and analyzing quarterly results alongside market sentiment. We delve into the impact of market trends, sectoral performance, and companyspecific developments on stock performance post-listing. IPO Stock Performance Overview In the last ten days, new IPOs like Deepak Builders & Engineers and Waaree Energies have shown varying performances influenced by market trends, investor sent

5paisa Research Team || State Bank of India (SBI), India's largest lender, has announced its financial results for the quarter ending September 2024. The bank reported a 28% increase in standalone net profit, reaching ₹18,331.4 crore compared to ₹14,330 crore in the same quarter last year. This strong performance was driven by higher other income and improved asset quality. SBI Q2 Result Quick Insights Revenue: ₹41,620 crore, up by 5% YoY. Net Profit: ₹18,331 crore, marking a 28% rise from last year. Segment Performance: Strong gro

5paisa Research Team || Mahindra & Mahindra Ltd (M&M) reported a robust performance for the second quarter of FY25, with consolidated net profit surging 35% year on year to ₹3,171 crore, compared to ₹2,348 crore in the year ago period. This growth was primarily driven by strong earnings in its automotive and services segments, including record sales volumes in SUVs and expanding market share across both auto and tractor divisions. The company’s consolidated income from operations rose 10% year on year to ₹37,924 crore, reflecting contin

5paisa Research Team || Shriram Multi Sector Rotation Fund – Direct (G) is an investment strategy that involves shifting investments between different sectors of the economy based on their performance during various occasion or the business cycle. The goal is to maximize returns by investing in sectors that are expected to perform well at specific times, and moving out of sectors that may underperform. Details of the NFO: Shriram Multi Sector Rotation Fund – Direct (G) NFO Details Description Fund Name Shri

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 || Tata Motors announced its financial results for the quarter ended September 2024 (Q2 FY25), reporting an 11% year-on-year decline in net profit to ₹3,343 crore, down from ₹3,764 crore in the previous year. Revenue from operations also slipped by 3.5%, reaching ₹1.01 lakh crore compared to ₹1.05 lakh crore in the same period last year. The company reported an EBITDA of ₹11,600 crore, achieving an EBITDA margin of 11.4%. JLR revenue declined by 5.6% to £6.5 billion, with the company noting that temporary supply constrai

5paisa Research Team || On Friday, November 8, State-owned Power Finance Corporation Ltd (PFC) announced a year-on-year (YoY) net profit increase of 8.9%, reaching ₹7,215 crore for the second quarter, which concluded on September 30, 2024. The company's operational revenue rose by 15% to ₹25,721.8 crore, compared to ₹22,374.6 crore in the same period of the previous fiscal year. The board has announced a second interim dividend of ₹3.50 per equity share (or 35%) on the face value of ₹10 per paid-up equity share for the fiscal year 2024-25, s

5paisa Research Team || On November 8, Vedanta Ltd announced a net profit of ₹4,352 crore for the September quarter, attributable to its owners, contrasting with a net loss of ₹1,783 crore in the same quarter last year. The company's revenue from operations dropped by 3.6% to ₹37,171 crore, down from ₹38,546 crore in the corresponding period of the previous year, as stated in its exchange filing. Vedanta Quarter Results Highlights Revenue: Dropped by 3.6% to ₹37,171 crore from ₹38,546 crore in the same period last year. Net Profit:

5paisa Research Team || MRF Ltd., the tyre manufacturer, announced its September quarter results on Friday, November 8, reporting a decrease in net profit alongside an increase in revenue compared to the same quarter the previous year. Net profit fell by 20.4% year-on-year, reaching ₹455 crore. The company's EBITDA margin also saw a significant contraction, narrowing by more than 400 basis points from 18.5% in the prior-year quarter to 14.4%. MRF has also announced an interim dividend of ₹3 per share, setting November 19, 2024, as the record

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