MARKETS NEW
Mazagon Dock m-cap tops Rs 1 lakh crore
Mazagon Dock Shipbuilders' market cap crosses ₹1 lakh crore as stock hits record high. Defence sector stocks rally on inflows from new funds and budget expectations. Analysts recommend holding investments at current valuations.
5 stock market myths in a raging bull market: Kotak Equities
Despite the ongoing bullish trend on D-Street with frequent new highs, Kotak Institutional Equities has cautioned investors by debunking five prevalent market myths in a recent note. Among these myths are beliefs that Indian markets are currently trading at reasonable valuations and that robust GDP growth guarantees high returns.
Jump in FII long-short ratio sans correction may be a new Normal
Market confuses with record FII long-short ratio surge, hinting at shifting dynamics post-election. Chandan Taparia notes unusual stability despite ratio near 5, credits India's growing equity culture for market surge.
Cello World shares jump 4% to new high on QIP launch
Cello World's shares surged 4% to a new high of Rs 1,024 on BSE following the launch of a qualified institutional placement to raise funds. The company plans to utilize the funds for debt repayment and potential expansion in the glassware segment or acquisitions.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Indian equities surge with Nifty crossing 24300 and Sensex breaching 80000. Tech view sets 24900 as the next target. Dollar weakens, oil prices fall, and rupee settles lower. FII net long increases to Rs 3.78 lakh crore. DIIs buy shares worth Rs 924 crore.
US Independence Day 2024: Will stock markets stay open on Fourth of July?
Fourth of July celebrations are just on the brink, and people in the US are in a rather jovial mood due to all the festive plans and events around this occasion of US Independence Day 2024. However, this day being a federal holiday, will see some major operations staying closed.
Modern markets demand more than historic valuations. A new era emerges
The Nifty trades at a high TTM PE of 23x, nearing historical highs. Mid-caps' 70% premium over large-caps is unprecedented. Despite disappointing recent events, fears of a looming market correction akin to past bubbles persist.
New system to ease FPI access to Gsecs awaits RBI nod
Foreign investors seek improved access to Indian bonds through global platforms, awaiting RBI approval. The new model aims for efficient trading with straight-through processing on the NDS-OM platform.
Hot Stocks: Brokerage view on IndiGo, L&T, Epigral and Anant Raj
Goldman Sachs and UBS recommend buying IndiGo and L&T, respectively. Emkay Global sees growth opportunities in Epigral, while DAM Capital is optimistic about Anant Raj's data center potential and realty projects. Overall, the brokerage firms are positive about the long-term prospects of these companies.
FMCG is “passe”: Indian economy has a new definition of defensive stocks: 8 stocks from 2 sectors with upside scope of up to 37%
On the day of election results were announced and the whole stock market melted, stocks from one sector were able to gain, that was FMCG. Many theories were floated about why they are doing well. Right from them being defensive stocks to that focus would not shift from investment to consumption. But close to a month down the line, all those stocks are once again in the under performance mode. The fact is before deciding on whether the stocks are defensive or not, some questions need to be asked. A stock which was a defensive stock in 1994 when the Indian economy was just opening is still a defensive stock even in 2024 when we are a whole different economy with different needs and consumption patterns.
Will Nifty give up 24,000 or make new highs this week? 7 factors to decide
Looking ahead, market focus will shift to upcoming releases including US and Indian manufacturing Purchasing Managers' Index (PMI) data, alongside a pivotal speech from the Federal Reserve Chair. Meanwhile, attention within India remains fixed on the progress of the monsoon season, with the India Meteorological Department confirming its onset in Delhi and other parts of North India.
This isn’t Hotel California! Sebi’s new delisting rules signals maturity of Indian equity market
This week not only did we overcome a 17 year wait to get into the World Cup final, but we also overcame a waiting period of 19 years to gain freedom from RBB mechanism for delisting of a company.
187 BSE500 stocks offer double digit returns as markets scaled new heights in June
The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
KKR seeks $20 billion for new North America buyout fund
KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it launched its predecessor fund of similar size.
New India Assurance stock jumps over 5% on appointment of new CMD
Shares of The New India Assurance Company rose by 5% to Rs 251 in Thursday's trading session on the BSE following the announcement of Girija Subramanian's appointment as Chairperson cum Managing Director (MD) of the company.
Indices touch new peaks, Sensex tops 77,000 mark
India's Nifty and Sensex hit fresh highs, with Sensex closing above 77,000 for the first time after a bullish wave since June 4 election results.
Overall ADTO declines MoM as new demat accounts rise: Motilal Oswal
In May 2024, demat account additions surged by 36 lakh, but the overall average daily turnover (ADTO) in the financial markets declined by 3% to Rs 433 lakh crore. While F&O ADTO decreased by 3%, cash ADTO rose by 5.5%. Active users on NSE increased to 4.29 crore.
NYSE glitch sparks volatility in dozens of stocks
A glitch at the NYSE caused major swings in Berkshire Hathaway and Barrick Gold shares, leading to trading halts in multiple companies. The issue was resolved, with impacted stocks resuming trading after a technical problem was fixed.
Fed's Williams says he doesn't feel urgency to cut rates right now
Williams stated that the economy's behavior over the past year provides ample evidence that monetary policy is restrictive in a way that helps achieve their goals. He made these remarks in the text of a speech prepared for delivery before a gathering of the Economic Club of New York.
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