GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian benchmark indices ended with weekly declines of 1.4% amid growing tension between India and Pakistan. But a Saturday peace breakthrough between the two countries could calm the markets when they resume trade on Monday. A host of other important domestic and global events lined-up during the week, are also likely to impact the D-Street. On Friday, Nifty declined 265.80 points or 1.1% to end the day at 24,008. Selling pressure was across sectors but more prominent in private banks, realty and energy stocks. "Following a period of consolidation, Indian equity benchmarks experienced a sharp correction amid escalating geopolitical tensions between India and Pakistan, which fueled market volatility and triggered a shift toward risk-off sentiment. Geopolitical developments, particularly the ongoing tensions with Pakistan, will continue to remain in focus," Ajit Mishra, Senior Vice President, Research, Religare Broking said. Mark...

[hfe_template id='11223'] [ad_1] An unabated outflow in the secondary market since October is likely to result in the worst ever annual equity selloff for FY25 in rupee terms by foreign portfolio investors (FPIs). They sold Rs30,015 crore worth of equities including primary and secondary markets in the first two weeks of March, taking the total outflow during the fiscal year so far to Rs 1.5 lakh crore. It has surpassed the earlier peak outflow of Rs1.4 lakh crore in FY22. In the dollar terms, FPIs sold $17,664 million worth of equity in FY25 so far, which is lower than $18,468 million sold in FY22. The difference in the rupee and dollar denominated numbers can be attributed to the 12% depreciation in the rupee between FY22 and FY25. ETMarkets.com ETMarkets.com Live Events FPIs were net sellers in the secondary market in March for the first fortnight, selling $3,628 million worth of equities. They remained net sellers on each of the nine trading sessions during the per...

[hfe_template id='11223'] [ad_1] Brokerage firms have shared their latest investment recommendations across the coal, healthcare, and hospitality sectors. Synopsis Motilal Oswal, Emkay, and Ambit Capital have identified Coal India, Metropolis Healthcare, and ITC Hotels as attractive investment opportunities, each presenting significant upside potential from current levels. Leading brokerage firms have shared their latest investment recommendations across coal, healthcare, and hospitality, highlighting stocks with strong growth potential for the next 12 months.Motilal Oswal, Emkay, and Ambit Capital have identified Coal India, Metropolis Healthcare, and ITC Hotels as attractive investment opportunities, each offering significant upside potential from current levels.Coal India remains Motilal Oswal’s top pick in the ETMarkets.com Mar 13, 2025, 10:27:00 AM IST Gift ETPrime to your friends Gift a Subscription Now, gift ETPrime subscription to your friend for Free! Gift this ...

[hfe_template id='11223'] [ad_1] ITC Hotels was removed from 22 BSE indices before trading began on Wednesday, February 5. The company, which was spun off from ITC, had been temporarily included in the Sensex and other indices to facilitate portfolio rebalancing by passive funds. ITC Hotels began trading separately on 29 January. “As ITC Hotels did not hit the lower circuit till the cut-off time, the company will be dropped from all BSE indices effective prior to the open of trading on Wednesday,” BSE said in a notice. Shares of ITC Hotels last closed at Rs 165, down 4.16%. Index trackers had to sell shares worth over Rs 400 crore due to the stock’s exclusion from the Sensex, with another Rs 700 crore worth of selling expected when it is removed from NSE Nifty. The demerged entity debuted on NSE and BSE at Rs 180 and Rs 188 per share, respectively, commanding a market valuation of Rs 39,126.02 crore at listing, which has since fallen to Rs 34,266.48 crore. Under the deme...

[hfe_template id='11223'] [ad_1] Kolkata-based conglomerate ITC Ltd. has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was finalized during a Board meeting on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL). In an exchange filing, ITC stated, "The Board of Directors of ITCHL, at the meeting held today, January 11, 2025, has allotted 125,11,71,040 equity shares of Rs 1 each to the shareholders of the company as of the record date, January 6, 2025, pursuant to the Scheme of Arrangement among ITC Limited, ITCHL, and their respective shareholders and creditors." Following this development, ITC Hotels ceased to be a subsidiary of ITC Ltd., effective January 11, 2025. The share allotment is part of the restructuring under Sections 230 to 232 of the Companies Act, 2013, focusing on the demerger and reorganization of the two companies. ITC Hotels plans to apply for listing the newly allot...

[hfe_template id='11223'] [ad_1] Indian benchmark indices faced resistance around 23,900 after touching those levels in the early trade on Monday and finally ended in the red, dragged by banks and auto stocks. While the broader Nifty closed at 23,644.90, lower by 168.50 points or 0.71%, the 30-stock S&P BSE Sensex settled at 78,248.13, down by 450.94 points or 0.57%. When markets resume trading today, Adani Enterprises, Adani Wilmar, EaseMyTrip, will be in focus due to various related developments. Adani Enterprises, Adani Wilmar, EaseMyTrip, ITC, Mazagon Dock Shipbuilders and Zomato Adani Enterprises and Adani Wilmar Adani Enterprises on Monday announced its decision to fully exit its 44% holding in Adani Wilmar, in a bid to shift focus on its infrastructure platforms. The exit will take place in two phases with the first being a stake sale to Wilmar International’s wholly-owned subsidiary, Lence Pte Ltd, and a partial divestment to meet public shareholding requirem...

[hfe_template id='11223'] [ad_1] Kolkata-based diversified conglomerate ITC on Tuesday announced that as all approvals are in place the demerger of ITC Hotels will come into effect from 1st January 2025. Earlier in October this year, the Kolkata bench of the National Company Law Tribunal (NCLT) approved the demerger between ITC Limited and ITC Hotels Limited. The demerger scheme will be effective on the first day of the following month after filing of certified copy of the NCLT order with the Registrar of Companies, West Bengal, and fulfilling other conditions & matters. ITC said it got a copy of the NCLT order on 16th December. "We further advise that ITC Limited and ITC Hotels Limited have mutually acknowledged that all the conditions specified in Clause 28 of the Scheme have been fulfilled and satisfied, including filing of the aforesaid Order with the Registrar of Companies, West Bengal, and accordingly, the Appointed Date and the Effective Date of the Schem...