GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian stock market's Nifty has shown a bullish trend, closing positively for seven consecutive days. Synopsis Nifty’s seven-day winning streak signals bullish momentum, supported by strong base formation around the 24,000–24,200 range. Despite a spike in INDIA VIX, the index rebounded, closing near its high. Experts recommend a Bull Call Spread strategy for monthly expiry, targeting 24,500–24,800, with positive cues from PCR and max pain data. Nifty has been trending higher and has closed in positive territory for seven consecutive days, which is a positive sign for the bulls in the near term.Although the INDIA VIX rose in the last trading session—leading to an intraday sell-off—the index managed to recover later in the day and closed near its day’s high.“This has led to good base formation at lower levels and strong additions near the 24,000–24,200 range. Hence, as long as this range BY ETMarkets.com Apr 24, 2025, 12:45:00 PM IST Gi...

[hfe_template id='11223'] [ad_1] Jay Thakkar recommends a Bull Call Spread, anticipating a close above 23,000. Broader markets saw volatility, but IVs have cooled. Synopsis The Nifty Index held 22,800, showing resilience despite a 1,000-point drop from recent highs. Analysts expect a bounce back, with a range of 22,800–23,100. Jay Thakkar recommends a Bull Call Spread, anticipating a close above 23,000. Broader markets saw volatility, but IVs have cooled. The Nifty index has managed to hold on to 22,800 so far this week, which is quite a positive in the short term. Overall, the Index has fallen by more than 1,000 points from the recent highs of 23,807 levels, however, most of the Index stocks managed to hold on to their previous swing lows, and thus the breadth of the Nifty has not weakened much.“The Index has managed to close above 23,000 on the day of the expiry, hence there is a high BY ETMarkets.com Feb 20, 2025, 10:21:00 AM IST Gift A Story Share member-only storie...

[hfe_template id='11223'] [ad_1] Brokerage firm ICICI Securities on Friday settled with markets regulator Sebi a case of alleged violation of stock brokers rules as well as other market norms after paying Rs 80.4 lakh towards settlement fee. The order came after ICICI Securities filed a settlement application in August last year, requesting the regulator for the settlement of the adjudication proceedings under the Sebi's (Settlement Proceedings) rules. "...the instant adjudication proceedings initiated against the applicant (ICICI Securities) vide show cause notice dated June 19, 2024, is disposed of in terms of the Settlement Regulations," Sebi's chief general manager and adjudicating officer N Hariharan said. The case stemmed from a joint inspection conducted by Sebi and NSE in September 2023, covering the period from April to May 2023. The inspection found multiple non-compliances related to margin trading facility (MTF), software issues, and report...

[hfe_template id='11223'] [ad_1] Shares of power financiers PFC and REC surged up to 4.5% in an early trade on the BSE today, January 14, after domestic brokerage firm ICICI Securities initiated coverage on the stocks, issuing "Buy" ratings for both with a target price of Rs 550 for PFC and Rs 600 for REC. Following this, PFC shares rallied 4.4% to their day’s high of Rs 406.40, while the shares of REC surged by 3.65% to an intraday high of Rs 462.65 on the BSE. The report highlights a substantial Rs 43 lakh crore pipeline for power generation and transmission projects as a key growth driver for these financiers. This pipeline represents significant lending opportunities for PFC and REC. ICICI Securities, in its note also identified energy transition funding as a crucial catalyst for growth in the sector. As India moves towards renewable energy sources, the need for financing in this area is expected to increase, which is likely to benefit these companies. Both...

[hfe_template id='11223'] [ad_1] Shares of Adani Enterprises are expected to remain in focus on Friday after the company successfully raised Rs 4,200 crore in a share sale to investors via a qualified institutional placement (QIP). The company has allocated 1.41 crore shares at an issue price of Rs 2,962 each. The transaction, which was initiated after market hours on October 9 and valued at Rs 4,200 crores ($500 million), closed on October 15. "The QIP generated strong demand, attracting bids over 4.2 times the deal size from a diverse group of investors, including global long-only investors, major Indian mutual funds, and insurance companies," the company stated in a release. This achievement highlights Adani Enterprises' role as India’s largest publicly listed incubator for scalable and large-scale businesses in core infrastructure, addressing the country's needs. The company’s current incubation portfolio includes airports and roads in the transport...

[hfe_template id='11223'] [ad_1] After rallying over 18% the previous day, shares of Angel One surged 5.3% to Rs 3,394 in Wednesday's trade on BSE after the company on Tuesday reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter. Additionally, Angel One added 30 lakh clients in Q2FY25, representing a 15.9% quarter-on-quarter growth, bringing its overall client base to 27.5 million, which is an 11.2% increase on a quarter-on-quarter basis. The overall Average Daily Turnover (ADTO) on a notional basis stood at Rs 45.4 lakh crore in Q2FY25, compared to ...

[hfe_template id='11223'] [ad_1] India’s two frontline stock indices climbed to all-time highs during the trading session and bond yields retreated to a nearly 31-month low Thursday after the US central bank unexpectedly cut rates by half a percentage point overnight. But broader local gauges and export-laden technology counters fell over concerns the outsized reduction re flects hitherto unknown growth challenges in the world’s biggest economy. “Since quantum of the cut is bigger than expectations, it implies concerns of a growth slowdown in the US economy, which led to the initial subdued reaction in markets today,” said Pankaj Pandey, head of retail research, ICICI Securities. ETMarkets.com Wall Street Rallies Most analysts had pencilled in a quarter percentage point reduction in the policy rate. The Nifty advanced 0.15%, or 38.25 points, to close at 25,415.80, while the Sensex gained 0.29%, or 236.57 points, to close at 83,184.8. Nifty Midcap and Smallcap gauges los...

[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy hit a 5% upper circuit for the third consecutive session, reaching a fresh 52-week high of Rs 86 in Wednesday's trade on BSE. The rally was driven by positive investor sentiment following Morgan Stanley's overweight rating on the renewable energy company. The stock saw heavy trading volumes, with nearly 13.94 crore shares changing hands on the NSE. The total traded value reached Rs 1,173.4 crore. Suzlon recently secured a significant order of 1,166 MW from NTPC Green Energy, the renewables arm of state-run NTPC. This large PSU order marks Suzlon's return to big contracts after a period of ineligibility due to its negative net worth. The order is expected to enhance Suzlon's earnings visibility for FY26-FY27, according to Morgan Stanley. As part of the contract, Suzlon will install 370 S144 wind turbines (WTGs), each with a rated capacity of 3.15 MW, to generate electricity for powering 30 lakh house...

[hfe_template id='11223'] [ad_1] The Mumbai bench of the National Company Law Tribunal approved ICICI Securities Ltd’s application for delisting the company from the stock exchanges on Wednesday. The division bench of Justice Virendra Singh G. Bisht and a technical member Prabhat Kumar, while approving the scheme in an oral order, also dismissed two applications that objected to the delisting scheme. The detailed order was not uploaded till the time of filing the story. Earlier on August 5, the NCLT Mumbai had reserved its order after hearing both sides. Before that, challenging the objections ICICI Securities argued that the two applications filed against the company’s proposed delisting are in complete derogation of the principle of shareholder democracy and has sought to dismiss the same. The country’s second-largest private-sector lender ICICI Bank’s affiliate firm argued that the applicants have no locus standi whatsoever, to file the applications or raise any objec...

[hfe_template id='11223'] [ad_1] HDFC Bank surged nearly 3% to Rs 1,650.7 in Monday's trade on BSE after the country's top private lender reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the bank in the year-ago period. However, it was down by 2% sequentially versus Rs 16,512 crore reported in Q4FY24. The interest earned by the largest private lender stood at Rs 73,033 crore in the reported quarter versus Rs 48,587 crore in the corresponding quarter of the previous financial year. It was up by 50% on the YoY basis. The interest expended by HDFC in the said quarter stood at Rs 43,196 crore which was up from Rs 24,988 crore which was an uptick of 73% on the YoY basis. HDFC Bank's net interest income for the reported quarter grew 26.4% to Rs 29,840 crore from Rs 23,600 in the quarter ended June 30, 2023. Provisions and contingencies in the April-June period stood at Rs 2...