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[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points, or 0.13%, trading at 23,590 around 9:20 am. The US consumer inflation, released after market hours on Wednesday, rose to 2.6% in October from a year ago, up from 2.4% in September, the Labor Department said in a statement. This increase was aligned with analysts' forecasts. Markets are now pricing in an 83% chance of a 25bp rate cut from the Fed next month, up from about 59% a day ago. However, expectations of Fed cuts next year following Trump's election victory last week have since been pared back. From the Sensex pack, HCL Tech, NTPC, SBI, Reliance, Asian Paints, and HDFC Bank opened with gains, ...

[hfe_template id='11223'] [ad_1] Shares of metal stocks like NMDC, NALCO and Tata Steel fell up to 8% on Tuesday after top consumer China held back from unleashing more stimulus. At a briefing, China's state planner National Development and Reform Commission said they were confident of reaching its economic targets this year and promised further support for growth but disappointed investors who were looking out for more stimulus measures. The government will focus on accelerating the absorption of housing inventory, increasing the quality of homes and revitalizing existing land, among other targets, said NDRC Chairman Zheng Shanjie. "The long-awaited conference this morning failed to deliver the expected signal of further strong stimulus," said Pei Hao, an analyst at international brokerage Freight Investor Services. Back on Dalal Street, NMDC shares fell 7.7% to day’s low of Rs 211 on the BSE, while those of Tata Steel fell by 4.6% to Rs 156.70. Meanwhile,...

[hfe_template id='11223'] [ad_1] National Aluminium Company, along with 86 other companies, is expected to be in focus today, as they have set September 20 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies in order to qualify for the dividends they have announced, as dividends are paid to shareholders listed in the company’s records on the record date. To be eligible for the dividends, shares must be purchased at least one day before the ex-date, as transactions settle the next day. Investors who purchase shares on the ex-date do not qualify for dividends. Here is a list of other stocks, according to StockEdge data, that will begin trading on an ex-dividend basis starting Friday: 63 Moons Technologies has announced a dividend of Rs 2 per share. Ahlada Engineers has declared a dividend of Rs 1.6 per share. Ahluwalia Contracts (India) has announced a dividend of Rs 0.5 per sh...

[hfe_template id='11223'] [ad_1] As the Nifty Smallcap 100 has fallen 4.5% over the last one month, 58 stocks have been hammered even worse falling by up to 23% in this period. The current trend also reveals a bigger underperformance by smallcap stocks versus their mid and largecap peers. The fall in smallcaps has largely been secular spanning across sectors though pharma, considered as defensive in market parlance, has been an outlier with most stocks doing well. Among the worst hit in the 100-stock index is Birlasoft followed by state-run shipping counters Ircon International and Cochin Shipyard. While Birlasoft has fallen by 23%, the two PSU stocks have corrected by 22% and 20%, respectively. Housing and Urban Development Corporation (HUDCO) and Central Bank of India (CBI) are other government-owned companies in the BFSI space whose stock prices have eroded in double digits. Others like IIFL FInance, RBL Bank, Titagarh Rail Systems, Raymond, Aarti Industries and Tejas...

[hfe_template id='11223'] [ad_1] As a forward-looking animal, the stock market has already discounted the probability of Narendra Modi's return as Prime Minister when election results are declared on June 4. Of special interest this election season are Modi stocks which have gained an average of 50% in the last six months. This may be the basket that continues to rally the most if the market celebrates a strong election result for the ruling party on 4 June, say CLSA analysts. What are Modi stocks? Given the sheer impact that the government's policies have had on several sectors, investors have begun to categorise stocks that are direct policy plays into a new basket called Modi stocks.These stocks are seen as being the direct beneficiaries of popularly expected policy measures from Modi 3.0. Many of these stocks are rallying more on perception. Modi stocks are related to capex and infrastructure-linked sectors, PSUs, or stocks of some corporate houses. Also read...