GAGA Share Market News

[hfe_template id='11223'] [ad_1] European shares were little changed on Tuesday as investors assessed a spate of corporate earnings and monitored potential tariff moves, while awaiting the U.S. Federal Reserve's monetary policy decision later this week. The pan-European STOXX 600 index was flat at 537.35 points as of 0711 GMT. Other regional indexes were mixed. Investors' attention is fixed on whether the Sino-U.S. trade tensions will ease after China last week said it was evaluating an offer from Washington to hold talks over tariffs. However, the lack of concrete details on any deals between the U.S. and its partners has kept investors on edge, especially as Trump announced a new slate of tariffs. Trump, on Sunday, announced a 100% tariff on movies produced outside the U.S. and a day later said he intends to announce pharmaceutical tariffs over the next two weeks. Live Events In that light, the U.S. Fed's policy announcement on Wednesday garners increas...

[hfe_template id='11223'] [ad_1] Adani Green Energy on Wednesday said its promoters will infuse Rs 500 crore into the company through the conversion of share warrants. The warrants will be issued at Rs 1,480.75 each. Ardour Investment Holding, a member of Adani Green’s promoter group, has exercised 44.90 lakh convertible warrants, paying the remaining 75% of the issue price, or Rs 1,110.56 per warrant. This brings the total inflow to Rs 498.7 crore. Equity allotment approved The company’s board, through its management committee, approved the allotment of 44,90,416 equity shares of face value Rs 10 each at a premium of Rs 1,470.75 per share during a meeting held on April 29. These shares were allotted pursuant to a preferential allotment first announced in January 2024, when Ardour was issued 6.31 crore warrants on a private placement basis, with 25% of the consideration paid upfront. With this allotment, the company’s issued, subscribed, and paid-up capital has risen fro...

[hfe_template id='11223'] [ad_1] Japan's Nikkei hit a three-week closing high on Wednesday as a strong rebound in Wall Street prompted investors to scoop up technology and auto shares. The Nikkei reached an intraday peak of 35,142.12 before ending the session up 1.89% at 34,868.63, its highest closing level since April 2. "Investors sold stocks as soon as they saw the index's strong rebound, but overall the market sentiment is not bad," said Takuro Hayashi, head of the investment research centre at IwaiCosmo Securities. "But the market wanted to confirm the outcome of the talks between U.S. and Japan finance chiefs this week, which may move the yen in either direction." Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent are expected to meet in Washington this week, where currency rates are likely to be among key topics. Live Events The yen strengthened to a seven-month high of 139.885 against the dollar in t...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell for the first time this week on Wednesday as chip-sector shares sank after Nvidia said the U.S. government is limiting exports of its key chip to China. Chip-testing equipment maker Advantest, an Nvidia supplier, was the Nikkei's second-worst performer with a 6.6% tumble. Chip-making equipment manufacturer Disco tanked 8%. The tech-heavy Nikkei lost 1% to close at 33,920.40, while the broader Topix dipped 0.6%. Precision equipment makers dropped 2.1% as a sector, putting them among the worst performers from the Tokyo Stock Exchange's 33 industry groupings. The H20 artificial intelligence chip, targeted by the U.S. government, is currently Nvidia's most advanced chip for sale in China and is central to its efforts to stay engaged with China's booming AI industry. Live Events Nvidia has been a key focus of U.S. export controls as officials attempt to keep the most advanced chips from...

[hfe_template id='11223'] [ad_1] European shares slipped on Wednesday after a strong start to the week, as concerns over corporate profits deepened following news that Nvidia would shoulder billions in charges due to U.S. export curbs to China. Adding to tech woes, ASML, the world's biggest supplier of computer chip-making equipment, warned that tariffs were increasing uncertainty for its outlook for 2025 and 2026, sending its shares 7.4% lower. The pan-European STOXX 600 index fell 0.9%, as of 0706 GMT, after two days of gains although market moves were tamer compared to a week ago. Other regional indexes - Germany, France, Spain, and the UK also fell between 0.3% and 0.8%. Nvidia faced a $5.5 billion charge related to its most advanced chip available for sale in China, as U.S. attempts to keep ahead in the AI race. Live Events The European technology sector fell 3.2%, leading declines among sectors. The outlook for European corporate earnings has worsened as th...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average slumped on Monday to the lowest level in 1-1/2 years, with the index of Japanese bank stocks diving more than 17% at one point, as concerns over a tariff-induced global recession continued to rip through markets. The Nikkei dropped as much as 8.8% to hit 30,792.74 for the first time since October 2023, before ending the day down 7.8% at 31,136.58. All 225 component stocks of the index finished in the red. The broader Topix sank as much as 9.6% before closing down 7.8%. Speaking on Sunday aboard Air Force One, U.S. President Donald Trump characterized his latest round of sweeping tariffs as "medicine", and signalled a willingness to accept the market rout. Since Trump revealed the more-aggressive-then-anticipated levies last week, the Nikkei has tumbled 11.6% and the U.S. S&P 500 has dropped 10.6%. Live Events "It's extremely difficult to judge how far this stock market correction...

[hfe_template id='11223'] [ad_1] European shares plunged to a 16-month low on Monday as investors grappled with the possibility of a recession after sweeping tariffs announced by United States last week. U.S. President Donald Trump showed no sign of backing away from the tariff plans despite retaliation from China, pushing investors to price in interest rate cuts by the European Central Bank and the Federal Reserve. The pan-European STOXX 600 slumped 5.8% at 0722 GMT, after registering its steepest one-day percentage decline since the COVID-19 pandemic on Friday. Trade-sensitive Germany's benchmark index dove 6.6%, among the worst hit, with Commerzbank and Deutsche Bank shedding 10.7% and 10%, respectively. Arms makers, which had surged earlier this year on prospect of higher defence spending, were also knocked down on Monday. Tankmaker Rheinmetall dropped 23.7%, the most on STOXX 600, while Hensoldt, Rheinmetall and Renk fell between 17% and 21%. Live Events U.S...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average declined for a third straight session on Monday as uncertainty ahead of a looming deadline for implementing additional U.S. tariffs sapped investor appetite for riskier assets. The Nikkei closed down 0.2% at 37,608.49, while the broader Topix shed 0.5% to sit at 2,790.88 after hitting an eight-month peak on Friday. The Nikkei received some support as a portion of heavyweight shares saw some buying, with AI-focused startup investor SoftBank Group climbing 3% to offer the biggest lift. U.S. President Donald Trump hinted that he would be flexible regarding a new round of tariffs set to go into effect on April 2, helping lift the S&P and Dow at the end of the week. But the benchmark Nikkei index struggled to advance on the day, seesawing between gains and losses as investors took a cautious approach to the impending tariff threat. Live Events Many important details regarding the latest tariffs are stil...

[hfe_template id='11223'] [ad_1] SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology platform engaged in the business of providing services related to tours and travel. A total of 44.72 lakh shares, or 4.12 per cent stake, in TBO Tek were acquired by the three mutual fund houses in three separate transactions on the BSE. As per the bulk deal data, Nippon India MF acquired 28.11 lakh shares in TBO Tek, SBI MF purchased 8.78 lakh shares, and ICICI Prudential MF picked up 7.83 lakh shares of the company. The shares were purchased at an average price of Rs 1,200 apiece, taking the combined value to Rs 536.75 crore. Meanwhile, Augusta TBO (Singapore) Pte and TBO Korea Holdings, two public shareholders, divested a 6.7 per cent stake in Gurugram-based TBO Tek for Rs 870 crore through open market transactions. Live Even...

[hfe_template id='11223'] [ad_1] Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9 per cent stake in Gurugram-based SpiceJet. The shares were disposed of at an average price of Rs 45.34, taking the transaction value to Rs 52.31 crore. After the stake sale, Singh's holding in SpiceJet has come down to 22 per cent from 22.90 per cent. Also, the combined shareholding of promoters and promoter group of the company has declined to 28.23 per cent from 29.13 per cent. Details of the buyer(s) of SpiceJet's shares could not be ascertained on the exchange. Shares of SpiceJet on Thursday declined 6.38 per cent to close at Rs 45.48 apiece on the BSE. Live Events Earlier, the budget airline was facing a fresh round of troubles as three Ireland-based a...

[hfe_template id='11223'] [ad_1] Rohit Seksaria of Sundaram Mutual, known to find gems within the small and mid end of the market, shared his insights on the broader market trends in a recent interaction with ETNow, while discussing how the recent corrections have impacted these stocks and provided his perspective on where investors should focus their attention. Additionally, he elaborated on his views regarding the lending financials, consumer discretionary sectors, and the global cyclical industries, highlighting the opportunities and risks present in the current market scenario: Outlook for small and mid cap stocks Rohit Seksaria believes that opportunities will always exist in the market, particularly in the small-cap space, where investors can find promising stocks despite fluctuations. He acknowledged that while the broader market has witnessed a significant correction in the mid and small-cap segments, they still remain slightly more expensive compared to large-ca...

[hfe_template id='11223'] [ad_1] Making news yet again, Gensol Engineering’s promoters announced on Friday that they have sold 2.37% of the total equity in the company, amounting to 9 lakh shares, to ‘unlock liquidity and reinvest in the business.’ This move comes after the stock plunged 70% over the last eight trading sessions. In a separate filing, the board also disclosed plans to consider a stock split and explore fundraising options, including equity issuance, foreign currency convertible bonds, and other financial instruments, during its upcoming board meeting on March 13. “The promoters have sold approximately 2.37% of total equity shares of the company, amounting to 9,00,000 shares, to unlock liquidity that will be reinvested into the business through equity infusion. This step is part of a strategy aimed at reinforcing the company’s balance sheet and supporting stability,” Gensol Engineering stated in its filing. Further underscoring their commitment, the promot...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average reversed losses to end higher on Friday, as comments from Bank of Japan Governor Kazuo Ueda eased worries that the central bank may raise interest rates aggressively. The Nikkei settled 0.26% higher at 38,776.94, after falling as much as 0.6% earlier in the session on a stronger yen and worries about U.S. tariffs. The index lost 1.2% for the week. The broader Topix inched up 0.07% to 2,736.53. Ueda said the central bank stands ready to increase government bond buying if long-term interest rates rise sharply. "Ueda's comments pushed yields on Japanese government bonds lower, which weakened the yen. That lifted demand for Japanese equities," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Rising inflation has driven expectations that the BOJ will keep raising interest rates higher and faster, pushing yields on Japanese government bonds (JGBs) to more t...

[hfe_template id='11223'] [ad_1] The exodus of FPIs from the Indian equity markets continues as they pulled out Rs 21,272 crore in the first two weeks of this month, driven by global tensions after the US imposed tariffs on imports. This came following a net outflow of Rs 78,027 crore in January. With these, the total outflow by FPIs has reached Rs 99,299 crore -- near Rs 1 lakh crore -- in 2025 so far, data with the depositories showed. Going forward, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that reversal of FPI strategy will happen when the dollar index moves down. According to the data, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 21,272 crore from Indian equities so far this month (till February 14). Market concerns heightened as US President Donald Trump imposed new tariffs on steel and aluminum imports and announced plans for reciprocal tariffs on several countries, Himanshu Srivastava, Associate Director-Ma...

[hfe_template id='11223'] [ad_1] Nvidia reduced its stake in British chip firm Arm Holdings by about 44% and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing showed on Friday. The artificial intelligence chip giant also reported a position of 1.7 million shares in China's self-driving startup WeRide Inc, sending its shares up 135% at open. The stocks was later trading at $14.73, up 85% at 11.14 am. WeRide uses Nvidia's advanced graphics processors and AI software to power its vehicles and had a market valuation of $4.71 billion as of the last closing. Nvidia was an early investor in WeRide. Investors closely monitor Nvidia's stake disclosures as they can influence the stock prices of companies it invests in or divests from while providing insights into the growth strategy of the dominant artificial intelligence chip designer. "There is no greater vote of confidence than Nvidia taking a stake in your co...

[hfe_template id='11223'] [ad_1] Domestic benchmark equity indices, Sensex and Nifty50, opened higher on Wednesday, led by gains in banking and IT stocks. This follows a more than seven-month low hit in the previous session, amid uncertainty over US policy direction under President Donald Trump and concerns over corporate earnings. At 10:52 am, the BSE Sensex was up 378.68 points, or 0.50%, at 76,217.04, while the Nifty50 gained 87.00 points, or 0.38%, to trade at 23,111.65. Also Read: HDFC Bank Q3 Results 2025 Both the benchmarks lost about 1.5% each on Tuesday, closing at their lowest level since June 6, while volatility in Indian markets rose to the highest since early August. From the Sensex pack, Sun Pharma, Infosys, TCS, ITC, L&T, and Maruti opened with gains, while Zomato, Tata Motors, Tata Steel, Power Grid, and SBI opened in the red. Among individual stocks, IndiaMart InterMesh hit a 10% lower circuit after reporting weak Q3 earnings.ICICI Prudential Life In...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average slipped on Friday amid caution ahead of market reaction to President-elect Donald Trump's inaugural speech next week, while a stronger yen hurt exporters' shares. The Nikkei fell 0.31% to close at 38,451.46 after dropping as much as 1.3% earlier in the session. For the week, the index has shed 1.58%. "What's behind the market decline is a concern about a reaction to the comments from Trump who is due to be inaugurated on Monday. Investors do not want to take risks for a possible big swing in the market," said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. Japanese equities fell as the yen strengthened on expectations that the Bank of Japan (BOJ) will raise its policy rate next week. "The interest rate hike next week seems to be almost certain but the BOJ's future rate path is not clear yet. It is natural for investors to cut their positions under...

[hfe_template id='11223'] [ad_1] Shares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to 'buy' from its earlier rating of 'add', at a target price of Rs 1,050, which implies a potential upside of over 13% from the stock’s current levels. The brokerage increased its target price on Paytm by 40% to Rs 1,050 from Rs 750 earlier. However, this revised target price remains well below Paytm's recent peak of Rs 1,062.95 reached on December 17 last year. Despite a recent decline of nearly 20% from those levels, Emkay sees the current valuation as attractive for investors. Emkay highlighted that regulatory concerns for the company have eased with recent NPCI approval, which is expected to support Paytm in rebuilding its Monthly Transacting Users (MTU) base over the next 12 to 18 months. ...

[hfe_template id='11223'] [ad_1] Shares of EaseMyTrip- operator Easy Trip Planners zoomed 15% to their day’s high of Rs 17.84 in an early trade after the company’s promoter Nishant Piiti, via a post on X, confirmed that there will be no additional stake sale. “Exciting times ahead for @EaseMyTrip! As Chairman, I’ll focus on shaping our future and driving international expansions, while Rikant steps in as CEO to lead day-to-day operations and driving our vision forward. Big things coming! Confirming again there is no promoter selling,” read his post on X. Exciting times ahead for @EaseMyTrip ! As Chairman, I’ll focus on shaping our future and driving international expansions, while Rikant steps in as CEO to lead day-to-day operations and driving our vision forward. Big things coming! Confirming again there is no promotor selling.… — Nishant Pitti (@nishantpitti) January 6, 2025 In an interview with CNBC TV-18, Pitti said that the 1.4% stake he sold last week was due to p...

[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...