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[hfe_template id='11223'] [ad_1] Indian equity benchmarks continued their upward trajectory this week, with the Nifty50 rising 1.3% and the Sensex gaining 1.6%. In contrast, broader markets lost momentum after outperforming in the previous week. The BSE Midcap index edged up 0.4% week-on-week, while the Smallcap index slipped 1.3%. On Friday, the benchmark BSE Sensex added 259.75 points or 0.32% to close at 80,502, while the broader Nifty50 ended at 24,346.70, up 12.50 points or 0.05%. “A small bullish candle was formed on the daily chart with a long upper shadow. Technically, this market action could indicate an upside breakout attempt at the 24,500–24,600 hurdle. The presence of resistance at higher levels could suggest increased volatility with a weak bias,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. A decisive move above the 24,500–24,600 range could open the door to further gains toward 24,800–25,000 levels, while any weakness from cu...

[hfe_template id='11223'] [ad_1] Indian benchmark indices Sensex and Nifty ticked higher on Tuesday, as the Reserve Bank of India's (RBI's) liquidity-enhancing measures helped counter weak global cues triggered by U.S. President Donald Trump's continued criticism of the Federal Reserve chair Jerome Powell. The BSE Sensex was up 205 points, or 0.26%, at 79,613, while the Nifty50 rose 52 points, or 0.21%, to 24,177 around 9:36 am. From the Sensex pack, Eternal, Kotak Mahindra Bank, Tata Steel, HDFC Bank, and Bajaj Finance were among the top gainers, rising up to 3.4% in early trade. In contrast, IndusInd Bank, Infosys, Power Grid, Asian Paints, and HCL Tech opened in the red. Nifty Bank stocks gained up to 1.4% after the RBI directed lenders to assign a lower-than-proposed buffer rate of 2.5% on digitally accessible deposits, with a one-year compliance window — the latest move in its regulatory easing efforts. Meanwhile, IT stocks such as Infosys, HCL Tech, Wip...

[hfe_template id='11223'] [ad_1] Banks are expected to report yet another muted quarter, with Q4FY25 earnings taking a hit due to slower-than-expected loan growth and pressure on net interest margins. While the 25 bps rate cut in the February monetary policy by the Reserve Bank of India (RBI) is expected to show its impact, another 25 bps cut announced on Wednesday could cause further setbacks going forward. The earnings season kicked off on Thursday with the announcement of the January–March quarter results by Tata Consultancy Services (TCS). Banks will begin their earnings announcements with HDFC Bank, scheduled to declare its results on April 19. While banks and financials have shown more resilience than other sectors over the past three months, and private banks have outperformed PSU banks, the investment strategy, according to InCred, should remain “selective and tactical.” Kotak Mahindra Bank and ICICI Bank are standout stocks that have delivered positive returns o...

[hfe_template id='11223'] [ad_1] BEML shares jumped 3.5% in early trade to their day’s high of Rs 3243.90 on the BSE on Friday after the company secured a Rs 405 crore contract from Bengaluru Metro Rail Corporation for manufacturing, supplying, and launching standard gauge metro cars. The contract also includes training personnel and providing comprehensive maintenance for up to 15 years under the Bengaluru Metro Rail Project, according to an exchange filing on Thursday. The stock remains in focus after Motilal Oswal Financial Mutual Fund acquired a stake in BEML through block deals on Thursday, March 27. Motilal Oswal MF purchased 2.66 lakh shares at an average price of ₹3,048.3 per share, according to data released last evening. Stock exchange data shows that Motilal Oswal did not hold more than a 1% stake in BEML at the end of the December quarter, which could explain why its name was not included in the earlier shareholding pattern. Live Events Other mutual funds hol...

[hfe_template id='11223'] [ad_1] Indian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S. The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over 2% after global IT consultancy firm Accenture warned of reduced discretionary spending. Accenture shares fell 7.3% overnight. Among Sensex stocks, Infosys, TCS, HCL Tech, Zomato, and Tech Mahindra were the top laggards, falling up to 2.3%. On the other hand, Bajaj Finance, Nestle India, Sun Pharma, Power Grid, and NTPC opened with gains. Live Events In individual stocks, Ola Electric Mobility surged 5% in early trade after the company attributed discrepancies in its February sales data to a temporary backlog caused by ongoing negotiations with vehicle registration vendors. Meanwhile, the FTSE March semi-annual review...

[hfe_template id='11223'] [ad_1] Domestic markets remained subdued on the weekly expiry day, ending nearly unchanged amid the ongoing tussle. In today's trade, shares of Religare Enterprises, NTPC Green, Grindwell Norton, JM Financial, Tata Steel among others will be in focus due to various news developments. Religare Enterprises The Burman family has acquired a controlling stake in Religare Enterprises Limited (REL) after the completion of the open offer where it bought 83,201,819 equity shares representing 25.16%. Grindwell Norton Grindwell Norton appointed Venugopal Shanbhag as the managing director of the company with effect from April 2025. Samvardhana Motherson Samvardhana Motherson incorporated the arm 'Motherson Treasury Strategy' within the jurisdiction of Abu Dhabi Global Market, United Arab Emirates. JM Financial JM Financial got a tax department order for refund of Rs 230 crore for assessment year 2008-09. ITI ITI received an initial tranche of Rs...

[hfe_template id='11223'] [ad_1] The markets extended Wednesday's rebound on the weekly expiry day, ending with modest gains. In today's trade, shares of IndiGo, JSW Steel, Adani Green, Indus Towers, Dr Reddy's, Patanjali Foods among others will be in focus due to various news developments and third quarter results. IndiGo, JSW Steel, DLF, Godrej Consumer Shares of IndiGo, JSW Steel, DLF and Godrej Consumer will be in focus as the companies will announce their third quarter results later today. Adani Green Adani Green Energy reported a 85% year-on-year jump in its December quarter consolidated net profit at Rs 474 crore versus Rs 256 crore posted in the year ago period. ZEE ZEE Entertainment Enterprises (ZEEL) reported 180% year-on-year (YoY) growth in its consolidated net profit at Rs 164 crore in the third quarter, while operating revenue declined 3% YoY to Rs 1,979 crore. Indus Towers Indus Towers to enter EV charging infrastructure sector as the company l...

[hfe_template id='11223'] [ad_1] Indian blue-chip equity indices, Sensex and Nifty50, fell on Friday, dragged down by drops in IT company Infosys and private lender Axis Bank following their quarterly results. The BSE Sensex was trading 430 points, or 0.56%, lower at 76,612. The Nifty50 was down 112 points, or 0.48%, trading at 23,199 around 12:10 am. Why is the stock market falling today? 1) Decline in IT stocks The market's decline was largely driven by a fall in IT stocks, with the Nifty IT index dropping by 2.5%. Infosys led the downturn, falling 6%. Although it beat quarterly revenue estimates, Morgan Stanley noted that the higher component of third-party items in its deal pipeline "raises concerns over the quality of results." Infosys alone contributed 366 points to the overall decline in the Sensex, with other IT stocks, including TCS, LTIMindtree, and Persistent Systems, also experiencing losses of up to 3%. 2) Banking stocks plunge Banking stocks, ...

[hfe_template id='11223'] [ad_1] After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka amid reports of a virus outbreak creating havoc in China, stock market investors chose to play it safe, with the Sensex falling over 1,200 points and Nifty losing around 1.4%. The fear gauge index, India VIX, jumped 13% as a widespread sell-off was seen across mid and small-cap stocks as well as in various sectors. The Sensex fell over 1,200 points to its day's low of 77,960, while the Nifty tumbled near the 23,600-level. Metals, PSU banks, real estate, oil and gas and financials were among the worst-hit sectors. Union Bank of India shares fell 7% while Bank of Baroda, HPCL, BPCL, Tata Steel, Adani Energy Solutions and PNB were down around 4-5% each. Among heavyweights, HDFC Bank, Reliance Industries (RIL), and Kotak Mahindra Bank were among the biggest drags on the Sensex. What triggered stock market crash today? While investors were focused ...

[hfe_template id='11223'] [ad_1] Defying losses in Asian markets, Indian benchmark equity indices opened higher on Thursday, driven by gains in financial, auto, and IT stocks ahead of the quarterly earnings season starting next week. The BSE Sensex rose 699 points, or 0.86%, to 79,189, while the Nifty50 advanced 209.60 points, or 0.88%, to 23,952 as of 11:10 am. The market capitalisation of all listed companies on BSE rose by Rs 2.09 lakh crore to Rs 446.52 lakh crore. From the Sensex stocks, Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, Zomato, M&M, and Tata Motors opened with gains, while Bharti Airtel, Adai Ports, NTPC, and HDFC Bank opened with cuts. Meanwhile, the Nifty Auto index rose by up to 0.3% in early trade, driven by strong gains in Maruti Suzuki and Mahindra & Mahindra, following a rise in their monthly sales figures. Tata Motors shares also rose 2% after the company reported a 1% year-on-year growth in its December 2024 sales numbers at 76,599...

[hfe_template id='11223'] [ad_1] Leading brokerage firms have shared optimistic views on Kotak Mahindra Bank and NTPC, highlighting their growth potential and strategic advancements for the year 2025. Citi has upgraded Kotak Mahindra Bank to a 'Buy,' citing strong loan growth momentum, improved delinquency trends, and a favorable medium-term outlook. Meanwhile, Investec sees NTPC's recent stock correction as a lucrative entry point, maintaining a 'Buy' rating as the company strengthens its coal-based capacity and accelerates its shift toward renewable energy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citi on Kotak Mahindra Bank: Upgrade to ‘Buy’, target price at Rs 2,070 | LTP Rs 1,788 | Upside 15% Citi has upgraded Kotak Mahindra Bank to a 'Buy' rating with a target price of Rs 2,070, indicating a potential upside of 15% from the current market price of Rs 1,788. The bank has been placed...

[hfe_template id='11223'] [ad_1] Kotak Mahindra Bank shares fell over 4% to Rs 1,793.85 on NSE after the private sector lender's net interest margin (NIM) moderated 11 bps sequentially to 4.91% and card delinquencies drove an increase in slippage run-rate. "Factoring in slower growth and rising NPAs, we cut our earnings by 1-5% over FY25-27E, while we retain our REDUCE rating with TP of Rs1,700 rolling forward on 1.7x Sep-26E Standalone ABV and subs/inv value at Rs550/share," Emkay Global analyst Anand Dama said. Similarly, Nuvama has also reduced EPS by 9% for FY25E/26E and reduced target price to Rs 1,615. "Kotak reported a slight miss on earnings due to lower other income and 11bp sequential contraction in margin. Asset quality ratios deteriorated slightly, affected by higher slippages in unsecured and credit card segments. However, the bank expects recoveries from rural and secured businesses to mitigate the overall impact. Changes in the asset mix...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations, potentially diminishing the likelihood of further interest rate cuts this year. A report from the U.S. Labor Department revealed that the Consumer Price Index (CPI) rose 2.4% year-on-year, compared to an estimate of 2.3%. On a monthly basis, the CPI increased by 0.2%, against expectations of a 0.1% rise. The BSE Sensex was trading 153 points, or 0.19%, lower at 81,457. The Nifty50 was down 53 points, or 0.21%, trading at 24,945 around 9:21 am. From the Sensex pack, HDFC Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, Kotak Mahindra Bank, and TCS were the top contri...

[hfe_template id='11223'] [ad_1] Despite recent headline-grabbing events in global markets and dovish guidance from other central bankers, the RBI MPC decided on Thursday to keep policy rates and stance unchanged. Since this decision aligned with market expectations, it had a largely neutral impact on stock investors. “Global ‘dangal’ to continue. The RBI does not seem to be under any duress to act just because of global developments," said Lakshmi Iyer, CEO - Investments & Strategy, Kotak Alternate Asset Managers. Sensex and Nifty were trading flat, while Nifty Bank went up 274 points with heavyweights HDFC Bank and SBI leading the upside. The markets have been highly volatile in the last few days amid recession-related worries in the USA and the unwinding of Japanese yen carry trade. Statements from central banks have gained heightened importance following Japan's interest rate hike, with significant attention on the Federal Reserve's potential acceler...

[hfe_template id='11223'] [ad_1] Shares of Kotak Mahindra Bank dropped over 3% in Monday's early trading session to the day’s low of Rs 1,756 on BSE as the bank’s Net Interest Margin (NIM) was reported at 5.02% for Q1FY25. However, Kotak Bank reported a standalone net profit of Rs 6,250 crore for the quarter that ended June 30, 2024, which was up by 81%, while the net interest income (NII) for the reported quarter stood at Rs 6,842 crore which was up by 10% year-on-year (YoY) versus Rs 6,234 crore reported by the company in the year-ago period. Operating profit for Q1FY25 increased to Rs 5,254 crore from Rs 4,950 crore in Q1FY24, up 6% YoY and the bank's consolidated profit after tax (PAT) jumped to Rs 7,448.16 crore versus Rs 4,150.19 crore in Q1FY24 Here is how brokerages have viewed the Q1 update: Jefferies: Hold | Target price: Rs 1,960 Jefferies has maintained a hold view on the stock while hiking the target price to Rs 1,960 from Rs 1,790.The global brokera...

[hfe_template id='11223'] [ad_1] The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On Friday, key results of Reliance Industries (RIL), Wipro, UltraTech Cement and JSW Steel were reported. Here's a preview of what the numbers might look like for HDFC Bank and Kotak Mahindra Bank: HDFC Bank Q1 Preview HDFC Bank is likely to put up a muted show in the quarter ended June 2024, compared with the preceding March quarter, mainly due to weak deposit growth. The numbers with the year-ago period are not comparable, owing to its merger with HDFC Ltd. Net profit for the June quarter is likely to fall about 5% year-on-year, according to an average estimate of five brokerages. Meanwhile, net inter...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 177.29 10:31 AM | 4 Jul 2024 0.82(0.46%) One97 Communications Share Price 413.5 10:31 AM | 4 Jul 2024 -4.06(-0.97%) YES Bank Share Price 23.86 10:31 AM | 4 Jul 2024 -0.08(-0.3%) ITC Share Price 429.0 10:31 AM | 4 Jul 2024 0.7(0.17%) HDFC Bank Share Price 1737.0 10:31 AM | 4 Jul 2024 -31.66(-1.79%) Tata Motors Share Price 987.3 10:31 AM | 4 Jul 2024 11.65(1.2%) Zomato Share Price 207.73 10:31 AM | 4 Jul 2024 -0.72(-0.35%) Adani Enterprises Share Price 3153.45 10:31 AM | 4 Jul 2024 -37.5(-1.18%) Infosys Share Price 1654.5 10:31 AM | 4 Jul 2024 27.1(1.67%) Reliance Industries Share Price 3117.0 10:31 AM | 4 Jul 2024 12.16(0.4%) Adani Power Share Price 713.05 10:31 AM | 4 Jul 2024 -2.21(-0.31%) Vedanta Share Price 464.9 10:31 AM | 4 Jul 2024 1.0(0.22%) Indian Renewable Energy Development Agency Share Price 219.52 10:31 AM | 4 Jul 2024 -3.6(-1.61%) NHPC Share Price 102.85 10:31 AM | 4 Jul 2024 1.4...

[hfe_template id='11223'] [ad_1] Indian market is expected to consolidate on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.55% at 23862 levels on Wednesday. On the options front, the maximum Call OI is placed at 24000 and then towards 24,200 strikes while the maximum Put OI is placed at 23,500 and then towards 23,700 strikes. Call writing is seen at 23,900 and then towards 24,100 strikes while Put writing is seen at 23,800 and then towards 23,700 strikes. “Options data suggests a broader trading range in between 23,700 to 24,000 zones,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited. FIIs sold to the tune of Rs 3,535.43 cr while DIIs bought to the tune of Rs 5,103.67 cr in the cash segment of Indian equity markts.FIIs' Long short ratio for index futures is at 66.94 as on a net basis, they bought 6,1955 index futures, data showed.“The Nifty index is likely to continue its northward journey ...