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[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] Indian benchmark equity indices traded flat on Wednesday as gains in metal stocks, following the government's recommendation of a temporary tax on certain steel imports, offset losses in IT stocks ahead of the Federal Reserve's policy decision. The BSE Sensex was trading 34 points, higher at 75,335. The Nifty50 was up 15 points, trading at 22,849 around 9:45 am. From the Sensex pack, Tata Steel, Zomato, NTPC, IndusInd Bank, SBI, and Bajaj Finance were the top gainers, rising up to 2%. Meanwhile, TCS, HCL Tech, Infosys, and Tech Mahindra opened lower. Tata Steel and other metal stocks surged after the Directorate General of Trade Remedies (DGTR) recommended a 12% safeguard duty on the import of certain steel products. CLSA said that the duty and domestic prices in line with import parity will add to the multiple positive catalysts for the sector, such as improving demand outlook due to China stimulus hopes and a rise in capex in Eu...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation (IRFC) shares will remain in focus on Thursday, January 16, after the company signed a lease agreement with NTPC for the financing of 8 BOBR (Bogie Open Bottom Rapid) rakes worth approximately Rs 250 crore. "Indian Railway Finance Corporation Ltd (IRFC), a Public Sector Enterprise under the Ministry of Railways, has signed a Lease Agreement dated 15th January 2025 with NTPC, a Public Sector Enterprise under the Ministry of Power," the company said in an exchange filing. This agreement represents the first phase of IRFC's broader plan to fund 20 BOBR rakes under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways. IRFC's board had previously approved financing up to Rs 700 crore for these rakes on a finance lease basis during its meeting on October 8, 2024. Also Read: Q3 results today: RIL, Infosys among 37 companies to announce earnings on Thursday Earlier this week, ...

[hfe_template id='11223'] [ad_1] Indian blue-chip equity indices, the Sensex and Nifty50, reversed their early gains and traded in the red on Friday. While IT stocks gained after TCS met its quarterly profit estimates, the gains were offset by declines in index heavyweight Reliance Industries and banking and financial stocks. The BSE Sensex was trading 217 points, or 0.28%, lower at 77,403. The Nifty50 was down 79 points, or 0.34%, trading at 23,447 around 9:41 am. From the Sensex pack, TCS, Tech Mahindra, Infosys, HCL Tech, and M&M were the top gainers, rising by up to 5% in early trade. Meanwhile, IndusInd Bank, NTPC, Zomato, Power Grid, and SBI opened lower. Tata Consultancy Services posted roughly in-line third-quarter results, marking the start of the earnings season. The company also provided encouraging signs about the revival of client spending, particularly in the key U.S. market, as expected by the street. Meanwhile, IndusInd Bank dropped over 2% and became...

[hfe_template id='11223'] [ad_1] Domestic markets saw a breather after Monday's sharp decline, ending marginally higher. In today's trade, shares of Tata Steel, Mankind Pharma, NTPC, Jindal Worldwide, Signature Global among others will be in focus due to various news developments. Tata Steel Tate Steel India's crude steel production jumped 6% year-on-year while rising 8% sequentially to 5.68 million tons aided by the commissioning of the 5 MTPA blast furnace at Kalinganagar in September. Tata Elxsi Tata Elxsi has inked an initial pact with CSIR-National Aerospace Laboratories (CSIR-NAL) for a strategic partnership in advanced air mobility amid a rapidly evolving market for unmanned aerial vehicles and urban air mobility globally. NTPC State-owned NTPC incorporated a wholly-owned subsidiary, NTPC Parmanu Urja Nigam for nuclear energy initiatives. Mankind Pharma Mankind Pharma pledged remaining 56.31% shares of Bharat Serums and vaccines in favour of Catalyst T...

[hfe_template id='11223'] [ad_1] Brokerage CLSA said Nifty's absolute returns would be muted in 2025 as share valuations remain well above their long-term averages and their peers amid an uncertain and risky global environment. The firm said incoming US President Donald Trump's policies on export-focused emerging markets like India and China, uncertainty around interest rate cuts, and a rising dollar may impact the markets. It remained overweight on commodities and insurance; while IT, discretionary, industrials, and healthcare are its big underweights. The firm cut its overweight rating on banks. The brokerage sees valuations of many large-cap consumption stocks trading at much lower premiums to historical averages than the premium seen in investment and capex stocks. "Capex spending by both central and state governments has seen double-digit declines in the fiscal year so far and are likely to miss their full-year target as the government grapples with bal...

[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] ACME Solar Holdings shares may grab attention on Friday as the company’s subsidiary ACME Renewtech secured financing of Rs 1,988 crore from Power Finance Corporation (PFC). Additionally, ACME Solar has also won a 300 MW SECI ISTS solar project. “ACME Renewtech Private Limited, a subsidiary of ACME Solar Holdings Limited (“ACME Solar”), has successfully secured INR 1,988 crore in term loan financing from Power Finance Corporation (PFC) to fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project,” said the company in its exchange filing. The project will be located in high-resource potential areas, with solar capacity to be developed in Bikaner, Rajasthan, and wind sites in Bhuj, Gujarat. The power purchase agreement (PPA) has already been signed with NTPC, and grid connectivity for the project is in place. The land for the solar capacity has been fully procured. PFC, acting as the sole lender, has struct...

[hfe_template id='11223'] [ad_1] Shares of NTPC Green Energy rallied 4% to their day's high of Rs 137.10 on the BSE today after the company signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. “NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during 'Bihar Business Connect 2024' Global Investors’ Summit held on December 20, 2024, in Patna,” said the company in its filing to the stock exchanges. The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including ground-mounted and floating solar installations, battery energy storage systems and green hydrogen mobility initiatives etc. The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the p...

[hfe_template id='11223'] [ad_1] Retail holding in 53 stocks in the BSE PSU index has gone up in the 9 months ended September 30, 2024 versus the December 2023 quarter and in this, 33 public sector stocks have outperformed the Nifty on the year-to-date basis. As against 13% returns by S&P BSE Sensex in CY24 so far, the returns by these stocks are in the range of 14% and 150%, according to Ace Equity data. By retail ownership, we mean individual investors holding shares worth Rs 2 lakh in a company. Bharat Dynamics has seen the highest increase in retail shareholding which grew by 524 bps. At the end of September quarter, retail holding stood at 11.71% versus 6.47% at the end of December 2023. Next is NHPC where retail holding increased by 507 bps from 4.45% in Q4CY24 versus 9.52% in Q3CY25. It is followed by BEML, where retail investors grew by 492 bps in the said period from 13.10% to 18.02%. The CY2024 returns by these stocks were at 42%, 27% and 51%. The highest r...

[hfe_template id='11223'] [ad_1] Shares of NTPC jumped 2.3% today to a high of Rs 370.25 on the BSE as its green energy arm NTPC Green Energy got listed on the bourses today, surging 10%, post a subdued listing. Meanwhile, the Shares of NTPC Green Energy jumped to Rs 122.75 to hit their upper circuit. The stock debuted at Rs 111.6 on the BSE, reflecting a premium of Rs 3.6 or 3.25% over the IPO price of Rs 108. NTPC Green, a subsidiary of NTPC, is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 24 and power generation in FY24. The proceeds from the Rs 10,000 crore IPO will be used for investment in its wholly-owned subsidiary, NTPC Renewable Energy, for the repayment of debt and other general corporate purposes. The company’s renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in more than six states which helps mitigate the risk of location-...

[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] Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from "overweight" to "equal weight." Following this update, the shares of the wind energy solutions provider fell 2% to a day's low of Rs 80.5. Despite the downgrade, Morgan Stanley has raised its price target for Suzlon to Rs 88 per share, up from Rs 73. This revised target indicates a potential upside of 8% from Thursday's closing price of Rs 81.8. Over the past six months, Suzlon's shares have doubled in value, rising 112% and outperforming the Sensex index by 95 percentage points. This outperformance has been driven by a significant increase in the order book and improvements in the company's balance sheet, along with strong cash flows from operations. Suzlon's order book is now at an all-time high, nearing 5 GW. Morgan Stanley maintains that Suzlon continues to be a key beneficiary of India's wind energy growth amid favorab...

[hfe_template id='11223'] [ad_1] Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around 9:20 am. Benchmark indices also opened higher ahead of speeches from Federal Reserve policymakers later in the day, including remarks from Chair Jerome Powell, which could provide further clues on the U.S. rate outlook. The release of the core personal consumption expenditures (PCE) price index - the Fed's preferred measure of inflation - is also due on Friday. Markets are now pricing in a roughly 62% chance of a 50bp cut at the Fed's November policy meeting and see a total of 77bps worth of cuts by the year end. From the Sensex pack, Maruti, Nestle India, Tata Motors, HCL Tech, and Tech Mahindra opened with gains, w...

[hfe_template id='11223'] [ad_1] Domestic markets remained volatile for another session, ending flat in line with global trends ahead of the US Fed meeting. In today's trading, shares of NTPC, IREDA, SpiceJet, Nazara Tech, GE T&D India, and Power Grid, among others, will be in focus due to various news developments. IREDA The Indian Renewable Energy Development Agency (IREDA) has received approval from the Union government to raise funds by selling fresh equity through a Qualified Institutions Placement (QIP). Nazara Technologies Nazara Technologies, India’s leading diversified gaming and sports media company, announced its largest fundraise of Rs 900 crore to boost its growth trajectory. SpiceJet Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder View Program Stock Trading Market 103:...