GAGA Share Market News

[hfe_template id='11223'] [ad_1] Domestic markets extended their consolidation for the second consecutive session on Wednesday with Nifty closing flat at 24,334. Analysts expect the market to trade in a range-bound manner with stock/sector specific action, driven by Q4 earnings announcements. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 35 points, or 0.14 per cent, at 24,429.50, signaling that Dalal Street was headed for positive start on Friday. Tech View: On the downside, immediate intraday support lies at 24,200, followed by a strong support zone between 24000 and 23800. This region aligns with the 200-day SMA and the previous monthly swing high breakout level. On the upside, 24550, which marks the 61.8% retracement of the recent decline from the all-time high, acts as a key resistance. A decisive move above this level could trigger a fresh uptrend toward the December swing high near 24800. Indi...

[hfe_template id='11223'] [ad_1] Sumant Kathpalia joins an inglorious list of private sector bank CEOs who had to resign in controversial circumstances due to mismanagement, corporate governance issues and regulatory problems. In the past five years, the CEOs of Yes Bank—the fourth largest private sector bank back then—and RBL Bank exited. The first instance was in March 2020, while the next was in December 2021. More recently, Bandhan Bank and Tamilnad Mercantile Bank (TMB) have seen CEO exits. Following is the list of private sector bank CEOs who had to quit under a regulatory glare. Rana Kapoor Kapoor had to leave the bank he co-founded after the RBI declined Yes Bank’s request for an extension because the lender had underreported NPAs for two consecutive years and the regulator found serious lapses in governance, compliance and credit culture. Deutsche Bank’s then India CEO Ravneet Gill joined the bank promising a clean-up and capital raise which never saw the light ...

[hfe_template id='11223'] [ad_1] Seven stocks are under F&O trade ban on Friday viz. Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, NMDC, PVR Inox, RBL Bank and Steel Authority of India (SAIL). The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 92.3% on Thursday with OI reported by Trendlyne at 83 million. It was down by 2.4% from the previous session. The MWPL for Granules India stood at 91.2% on Thursday with OI reported by Trendlyne at 14.9 million. It was down 2.7% from the previous session. Hindustan Copper reported MWPL at 88.6% on Thursday with OI reported by Trendlyne at 38.2 million. It was do...

[hfe_template id='11223'] [ad_1] The Indian market is likely to trade lower on Thursday, tracking weak global cues. India VIX, a gauge of market volatility, dipped marginally by 0.78% to 14.37, reflecting growing apprehension among traders. The derivatives market shows a bearish undertone, with aggressive call writing leading the session. The 24,500-strike call accumulated the highest open interest at 1.14 crore contracts, underscoring it as a formidable resistance level. Conversely, the 24,000-strike put holds 85.55 lakh contracts, signifying robust support. “Heavy call writing in the 24,200–24,500 range reinforces strong resistance, while diminishing put positions at lower levels indicate waning bullish sentiment,” said Dhupesh Dhameja, Derivatives Analyst at SAMCO Securities. “The put-call ratio (PCR) declined sharply to 0.37 from 0.48, highlighting a bearish tilt. However, the oversold PCR suggests that a temporary pullback cannot be ruled out. The 'max pain'...

[hfe_template id='11223'] [ad_1] IRFC Share Price 149.75 09:35 AM | 5 Nov 2024 -3.5(-2.28%) Suzlon Energy Share Price 66.7 09:35 AM | 5 Nov 2024 0.39(0.58%) IREDA Share Price 203.5 09:35 AM | 5 Nov 2024 -1.88(-0.92%) Tata Motors Share Price 833.1 09:35 AM | 5 Nov 2024 9.0(1.1%) YES Bank Share Price 20.43 09:35 AM | 5 Nov 2024 0.11(0.5%) HDFC Bank Share Price 1706.95 09:35 AM | 5 Nov 2024 -7.15(-0.42%) NHPC Share Price 81.74 09:35 AM | 5 Nov 2024 -1.57(-1.88%) RVNL Share Price 446.75 09:35 AM | 5 Nov 2024 0.56(0.13%) SBI Share Price 832.1 09:35 AM | 5 Nov 2024 2.25(0.28%) Tata Power Share Price 429.15 09:35 AM | 5 Nov 2024 0.1(0.03%) Tata Steel Share Price 149.95 09:35 AM | 5 Nov 2024 3.0(2.05%) Adani Power Share Price 588.35 09:35 AM | 5 Nov 2024 3.36(0.58%) PayTM Share Price 753.35 09:35 AM | 5 Nov 2024 2.15(0.29%) PNB Share Price 103.49 09:35 AM | 5 Nov 2024 -0.17(-0.16%) Zomato Share Price 241.5 09:35 AM | 5 Nov 2024 -3.59(-1.47%) BEL Share Price 283.1 09:35 AM | 5 No...

[hfe_template id='11223'] [ad_1] Equity markets traded sideways throughout the session to close with losses as FIIs continue their selling streak. "Markets are facing pressure and tend to remain volatile amid uncertainty around US presidential elections slated to be held on November 5th. The second leg of Q2 results will resume in the next week post-Diwali. Market seems to have taken support at lower levels and is likely to consolidate over the next few days," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 68.50 points, or 0.28 per cent, at 24,305, signaling that Dalal Street was headed for negative start on Thursday. Tech View: If the index sustains above 24,500, it may extend gains to the 24,600–24,700 range, with 24,070 acting as key support. As long as it holds abo...

[hfe_template id='11223'] [ad_1] Equity markets managed to continue pull back from lower levels for the second day with recovery coming in the last hour and closed with gains "After 8% fall from all-time high, Nifty is witnessing some pull back ahead of Diwali, as investors get into festive mood. Overall, we expect the markets to remain range bound amid uncertainty with regard to US elections to be held next week. However we could continue to see sector and stock specific action as more companies announce their quarterly earnings," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 11 points, or 0.04 per cent, at 24,439, signaling that Dalal Street was headed for muted start on Wednesday. Tech View: Nifty could take support from the above band while on upmoves it can face resi...

[hfe_template id='11223'] [ad_1] Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. "We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the absence of any major triggers, while the earning season would drive sectorial rotation. Key results tomorrow - BEL, Chola Investment, JSW Steel, HPCL, Coal India, and BPCL," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 24,460.50, signaling that Dalal Street was headed for muted start on Friday. Tech View: A sustainable move above 24,600-24,700 levels could confirm the qua...

[hfe_template id='11223'] [ad_1] Shares of RBL Bank dipped 10% to hit its lower circuit at Rs 184.95 on the BSE after the bank reported its second quarter results for FY25 on Saturday wherein it reported a 24% fall in its profit after tax (PAT) on a year-on-year basis (YoY) at Rs 223 crore. The company’s net interest income (NII) grew 9% YoY at Rs 1,615 crore for the quarter and the net interest margins (NIMs) stood at 5.04%. Meanwhile, the bank also reported a 24% YoY growth in its operating profit to Rs 910 crore for the reporting period. On a half-yearly basis, RBL Bank’s net profit also witnessed an increase of 2% YoY to Rs 594 crore and the NIMs were reported at 5.35%. Post the Q2 results, here is what the brokerages said: IIFL: Add | Target price: Rs 195 IIFL has maintained an Add rating on RBL Bank while cutting the target price to Rs 195The bank’s loan growth decelerates and non-II drives PPoP beat. There was a sharp asset quality deterioration. Bihar floods (hig...

[hfe_template id='11223'] [ad_1] Seven stocks are under F&O trade ban on Monday viz. Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, Manappuram Finance and RBL Bank. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 88.5% on Friday with OI reported by Trendlyne at 112.2 million. It was down by 2.1% from the previous session. The MWPL for Birlasoft stood at 90% on Friday with OI reported by Trendlyne at 15.2 million. It was down 4.8% from the previous session. For GNFC, the MWPL stood at 117.8% on Friday with OI reported by Trendlyne at 7.7 million. It was up 5.7 % from the previous session.The MWPL for Granules India...

[hfe_template id='11223'] [ad_1] Domestic markets succumbed to weak global cues as plunged over 2%, fueled by escalating tensions in the Middle East and sharp rise in crude oil prices. "Geopolitical uncertainty and concerns over a potential decline in foreign inflows have spooked the markets. With Nifty breaching multiple supports—such as the 20-day exponential moving average (DEMA) around the 25,580 level and trendline support near 25,350 — the market could face further downside," said Ajit Mishra – SVP, Research, Religare Broking. Here's breaking down the pre-market actions: STATE OF THE MARKETS Tech View: Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking. India VIX: India VIX,...

[hfe_template id='11223'] [ad_1] Fifteen stocks are under F&O trade ban on Tuesday viz. Aditya Birla Capital, Aditya Birla Fashion & Retail (ABFRL), Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, India Cements, Indiamart Intermesh, LIC Housing Finance, Manappuram Finance, Punjab National Bank (PNB), RBL Bank, Steel Authority of India (SAIL) and Sun TV Network. Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) has moved out of the ban. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. For Aditya Birla Capital, the MWPL stood at 84.1% on Friday with OI reported by Trendlyne at 76 million. It was down 0.5% from the previous session.The MWPL for ABFRL stood at 93.2% on Friday with OI reported b...

[hfe_template id='11223'] [ad_1] Fifteen stocks are under F&O trade ban on Monday viz. Aditya Birla Capital, Aditya Birla Fashion & Retail (ABFRL), Bandhan Bank, Biocon, Birlasoft, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Hindustan Copper, India Cements, Indiamart Intermesh, LIC Housing Finance, Manappuram Finance, Punjab National Bank (PNB), RBL Bank and Steel Authority of India (SAIL). Chambal Fertilizers & Chemicals and Granules India have moved out of the ban. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. For Aditya Birla Capital, the MWPL stood at 84.8% on Friday with OI reported by Trendlyne at 76.4 million. It was down 0.8% from the previous session.The MWPL for ABFRL s...

[hfe_template id='11223'] [ad_1] The markets traded lackluster and ended slightly lower on Wednesday, continuing the ongoing consolidation phase. In today's trade, shares of RBL Bank, Adani Green, Nestle, Tech Mahindra, L&T, VST Industries among others will be in focus due to various news developments and first quarter results. Adani Green, Nestle, DLF, Tech Mahindra, Canara Bank Shares of Adani Green, Nestle, DLF, Tech Mahindra and Canara Bank will be in focus as the companies will announce their first quarter results today. VST Industries Radhakishan Damani, through his entity Derive Trading, on Wednesday offloaded a partial stake in tobacco company VST Industries through bulk deals. Read more: Here's the trade setup for today's session L&T Engineering and construction major Larsen and Toubro (L&T) reported 12% year-on-year growth in its consolidated net profit at Rs 2,786 crore. Axis Bank Axis Bank on Wednesday reported a standalone net profit ...

[hfe_template id='11223'] [ad_1] As many as 115 companies have fixed their record dates this week to determine the eligible shareholders for the payout of their dividends. Out of the lot, two are Nifty companies, i.e., HCL Tech and Shriram Finance, along with other names like PFC, MRF, and RBL Bank. Dividends are paid to shareholders whose names appear in the company's database on the record date. After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date. Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends. Here is a list of stocks that are trading on an ex-dividend basis this week: Monday, July 22: Exide Industries, Happy Forgings, Bemco Hydraulics, Carborundum Universal, Divgi Torqtransfer Systems, Chembond Chemicals, DHP India...

[hfe_template id='11223'] [ad_1] Eleven stocks are under F&O trade ban on Friday viz. Balrampur Chini, Bandhan Bank, GMR Airports Infrastructure, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Aeronautics Limited (HAL), Hindustan Copper, The India Cements, Piramal Enterprises (PEL), RBL Bank, Steel Authority of India (SAIL) and Vedanta. Chambal Fertilizers & Chemicals has moved out of the ban. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. The MWPL for Balrampur Chini stood at 90.6% on Thursday with OI reported by Trendlyne at 7.8 million. It was down 6.6% from the previous session.The MWPL for Bandhan Bank stood at 95.9% on Thursday with OI reported by Trendlyne at 78.6 million. It was down b...

[hfe_template id='11223'] [ad_1] Mumbai: Banks are preparing for collective equity fundraise of nearly ₹40,000 crore in the second half of this financial year, show data compiled by ET. They are expected to use the fresh capital to reinforce balance sheets, mainly to support expansion. The boards of state-run Punjab National Bank (PNB) and Bank of Maharashtra have approved proposals to raise ₹7,500 crore each. Union Bank of India said it may opt for a qualified institutional placement (QIP) as well as other equity routes for raising ₹6,000 crore. PNB, Union Bank of India, Bank of Maharashtra and Central Bank of India will seek shareholder approval for fundraising at their upcoming annual general meetings. "PNB needs immediate funds because they have had a strong sequential growth of 5%, and if growth accelerates further, they will need capital," said Nitin Aggarwal, banking analyst at Motilal Oswal. At "Central Bank of India and Bank of Maharashtra... gove...

[hfe_template id='11223'] [ad_1] Shares of RBL Bank fell by 4.2% to a low of Rs 255 after the company’s June quarter update disappointed D-street. The bank’s total deposits recorded a 2% quarter-on-quarter (QoQ) decline in its total deposits at Rs 1.01 lakh crore. However, the number was an 18% increase on a year-on-year (YoY) basis. The bank’s CASA stood at Rs 32,996 crore, which was a 3% YoY increase, but a decline of 9% QoQ. Company’s gross advances increased 18% YoY to Rs 88,455 crore. RBL Bank has reported a CASA ratio and liquidity coverage ratio at 32.6% and 137% respectively for the first quarter of FY25. Also read: HDFC Bank shares fall 3% as Q1 update disappoints investors “The Bank continues to focus on growing the share of granular retail deposits in the overall deposit mix, with deposits below Rs. 3 Crore constituting approx. 49.3% of the overall deposits of the Bank as at June 30, 2024,” the bank said in a filing to the exchanges. The bank also informed tha...