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marketsNifty 50 Drops 1,000 Points in 25 Days Amid Market Selloff
The Nifty 50 index has fallen nearly 1,000 points in the last 25 trading sessions due to global economic uncertainties and domestic factors. Investors are advised to remain cautious as market volatility persists.
marketsUltraTech's Ultravolt Entry Sparks Rs 21,500 Crore Market Erosion
UltraTech's Rs 1,800 crore Ultravolt investment has led to a Rs 21,500 crore market cap erosion across major cable companies. The move intensifies competition, pressuring margins and prompting increased spending on distribution and advertising.
marketsAxis Direct Sets Rs 935 Target for Pricol, Predicts 21% Upside
Axis Direct has initiated coverage on Pricol with a 'Buy' rating and a target price of Rs 935, indicating a 21% upside. The brokerage anticipates growth driven by digital instrument clusters and plastics business expansion. Pricol's demerger and market leadership are key factors to watch.
marketsSebi Reviews CAS Impact as Derivative Turnover Hits Lows
Sebi plans to review the methodology for determining settlement prices for derivative contracts following the implementation of the Closing Auction Session (CAS). The CAS has led to decreased trading volumes and increased volatility, prompting concerns from market participants. A consultation paper is expected next week.
marketsPenny Stocks Experience Sharp Declines, Falling Up to 81%
In the last six months, 11 penny stocks have seen declines between 49% and 81%. These stocks, with market caps under Rs 1,000 crore and share prices below Rs 20, have been under selling pressure.
marketsRs 7,200 crore IPO surge: 16 new issues set to engage investors
A wave of 16 IPOs, aiming to raise Rs 7,200 crore, will hit the Indian market next week, following a strong revival in July and August. Key players include Rentomojo, Pranav Constructions, and Kanohar Electricals. Grey market premiums suggest healthy investor interest.
marketsLarge-Caps Offer Potential Amid Small-Cap Growth Pricing
Large-cap stocks are poised for potential earnings upgrades as small-caps have already priced in strong growth, says Franklin Templeton's Arihant Jain. The Sapphire Equity Long-Short SIF fund, with a focus on large-caps, uses a multi-factor model for stock selection and remains optimistic about future earnings growth.
marketsCrude Oil Prices Surge Amid US-Iran Tensions and Supply Concerns
Crude oil prices are nearing $100 per barrel as US-Iran tensions heighten geopolitical risks. Concerns over the Strait of Hormuz and stable global demand further support the rally. The market remains focused on geopolitical developments for future price movements.
marketsOver 150 Stocks Turn Ex-Record Date This Week: Key Dividend Payouts
This week, over 150 companies, including Kalyan Jewellers and IREDA, will turn ex-record date for dividend payouts. Key payouts include Apar Industries at Rs 60 per share and Force Motors at Rs 50 per share. Investors must hold shares by the record dates to qualify.
marketsNifty's August Calm May Signal Imminent Market Volatility
The Nifty index's unusually calm August, with no significant daily moves, may signal upcoming market volatility. Historical patterns suggest potential for significant movement, prompting strategists to focus on earnings-led stock selection.
marketsIndia's Nifty 21x PE Misleading; Stock-Level Valuations Attractive
Kashyap Javeri of Emkay Investment Managers advises focusing on stock-specific valuations rather than index-level metrics like Nifty's PE. He highlights strong earnings growth in mid- and small-cap companies and the role of SIPs in driving domestic flows. Despite modest FPI flows, early signs of buying are emerging.
marketsTop 10 Festive Stock Picks to Consider This Season
Kotak Securities highlights ten stocks poised for growth this festive season, including Mahindra & Mahindra, Eicher Motors, and Nykaa. These picks are based on anticipated increases in consumer spending and company performance.
marketsUS Treasury Secretary Predicts Oil Prices to Drop Post-Iran Conflict
US Treasury Secretary Scott Bessent forecasts a drop in oil prices to as low as $40 per barrel post-Iran conflict resolution. Current high oil prices have raised inflation concerns, impacting bond yields globally. Norway's sovereign wealth fund's proposal to reduce US Treasury holdings adds to market dynamics.
marketsRentomojo to Raise ₹1,256 Crore in IPO, Valued at ₹4,246 Crore
Rentomojo is launching an IPO to raise ₹1,256 crore, with a valuation of ₹4,246 crore. The IPO includes a fresh capital raise and an offer for sale by existing investors. The company has shown strong financial growth, with significant gains expected for early investors.
marketsUS Fed Rate Cut Bets Decline After Governor Waller's Remarks
U.S. Fed rate cut expectations have fallen below 50% after Governor Christopher Waller's comments on inflation and potential rate hikes. Global bond yields are experiencing volatility amid inflation fears and geopolitical uncertainties.
marketsNSE to Announce IPO Price Band by September 11, Sources Say
The National Stock Exchange of India plans to announce its IPO price band by September 11, with a listing expected in the third week of September. This move is part of a broader trend of Indian exchanges going public.
marketsAI Boom Masks US Dollar Risks, Nomura Warns of Global Vulnerability
Nomura's report warns of the risks posed by the concentration of global exposure to US dollar assets, suggesting an AI setback could lead to a dollar depreciation. The report challenges the TINA view, highlighting the potential for significant market disruptions.
marketsTop 10 Stocks to Watch This Festive Season: Kotak Securities
Kotak Securities has identified ten stocks expected to benefit from increased consumer spending during the festive season. Despite inflationary pressures, strong urban demand and promotional campaigns are anticipated to drive growth. Key sectors include automobiles, e-commerce, and consumer durables.
marketsChina Stocks Rebound Amid AI Sector Cooling, Weekly Loss Expected
Chinese stocks showed a modest recovery on Friday, with the CSI300 and Shanghai Composite Index both rising. However, the CSI300 is expected to end the week nearly 1% lower. Hong Kong's Hang Seng Index surged 2.1%, driven by gains in technology stocks.
marketsIndia Bonds Steady Ahead of Major Debt Auction
India's bond yields remain stable ahead of a significant debt auction, with the benchmark 6.94% 2036 bond yield flat at 6.9632%. The country is set to launch its first blockchain-based corporate bonds next week, aiming to raise five billion rupees.
marketsJGB Yields Decline as Yen Strengthens Amid BOJ Rate Speculation
Japanese government bond yields have fallen as the yen strengthens, driven by speculation of a more aggressive Bank of Japan rate hike. Changing expectations for U.S. monetary policy also contribute to market shifts.
marketsLumino Industries Shares Surge 40% Post IPO Debut
Lumino Industries' shares surged 40% from their IPO price after a strong market debut, boosting its market cap by over Rs 136 crore. Analysts have mixed views on the stock, citing attractive valuations but cautioning about its reliance on government contracts.
marketsJefferies Forecasts 14% Earnings Growth by FY27 Amid Valuation Concerns
Jefferies forecasts a 14% rise in corporate earnings growth by FY27, but warns that elevated valuations and rising equity supply could limit returns. Preferred sectors include lenders, power, ports, and real estate, with significant potential upsides projected for key stocks.
marketsChina Stocks Rebound as Investors Eye US Jobs Data, Economic Indicators
Chinese stocks rebounded at midday on Thursday, with the Shanghai Composite up 0.4% as investors focus on upcoming US jobs data and domestic economic indicators. Property stocks led the gains, while the Hang Seng Index in Hong Kong remained flat.