Page 2 - Stocks

Market breadth improves as stocks rebound, ADR set for highest in 12 months

Foreign portfolio investors (FPIs) have stepped up their selling of domestic equities in the past one week

Financials, IT power stocks to record closing high before RBI rate decision

While the rate pause is a given, RBI's commentary on the inflation outlook will be crucial, especially for consumer stocks, said analysts

No link between social media stock tips and big returns in long run: ESMA

Regulators have been taking a closer look at social media, with Britain warning "fin-influencers" last week on the need for authorisation before promoting financial products online

Reliance Industries shares jump 4%, mcap again reaches Rs 20 trn mark

Shares of Reliance Industries Limited were in heavy demand on Wednesday, rising nearly 4 per cent, with its market valuation again crossing the historic Rs 20 lakh crore mark. The bellwether stock jumped 3.60 per cent to settle at Rs 2,987.85 apiece on the BSE. During the day, it zoomed 4 per cent to Rs 2,999.90. On the NSE, it climbed 3.48 per cent to Rs 2,983.75 per share. The company's market capitalisation (mcap) jumped by Rs 70,039.26 crore to reach Rs 20,21,486.59 crore. In volume terms, 4.71 lakh shares of the company were traded on the BSE and over 81.63 lakh shares on the NSE during the day. Rally in the stock was instrumental in driving the markets higher. The 30-share BSE Sensex jumped 526.01 points or 0.73 per cent to settle at 72,996.31. The NSE Nifty went up by 118.95 points or 0.54 per cent to 22,123.65. "The gains were led by industry heavyweight Reliance Industries and other energy stocks owing to a drop in crude oil prices," Avdhut Bagkar, Technical and Derivati

Smallcap stocks unlikely to enter the bear market soon, shows data

Amid the turmoil in the smallcap space, ISec believes stocks with high earnings yield and price/earnings-to-growth (PEG) ratio would offer better margin of safety

Revealed: Most bought stocks by mutual funds in February 2024

The highest MoM net buying in Feb 2024 was observed in HDFC Life and Adani Enterprises

Hindenburg allowed us to refocus on our core businesses: Karan Adani

He also mentioned that the Group has understood the importance of "perception and brand" value after the Hindenburg affair

SBI shares fall nearly 2% after SC's verdict on electoral bonds details

The bank has been asked to divulge the details of electoral bonds by March 12

Tata Grp shares slip up to 12% amid report of Tata Sons trying to avoid IPO

However, Trent rallied 5 per cent to hit a record high of Rs 4,162.40, while Tata Consultancy Services (TCS) was up 1 per cent on the BSE

Despite volatility, 2/3 of small-caps still multi-baggers from pandemic low

The Securities and Exchange Board of India defines a large-cap company as one which is among the top 100 stocks in terms of market value

Market regulator Sebi considers tweaks to MF stock categorisation framework

More stocks could get added to large-, mid-cap universe; Move could give fund managers more flexibility

Weak Q3 FY24 performance weighs on SBI Card, AU Small Finance Bank

Analysts downgraded the stock tracking elevated provisions, interest rates, and funding costs

LIVE: Pneumonia outbreak kills over 200 children in Pakistan, says report

LIVE news updates today: Catch all the latest updates from around the world here

Market rally has margin trading book hitting record Rs 54,537 crore in Jan

The recent market rally that lasted till earlier this week has the margin funding book of brokers nearly soaring 90 per cent Rs 54,537 crore as of January 16, a lifetime high for the segment, show the data from the exchanges and a research report. The margin funding, wherein an investor pays 25-35 per cent of the stock value he or she buys and the rest is paid by brokers for a monthly interest of 12-15 per cent, stood at Rs 29,000 crore for the whole of January 2023 but jumped to Rs 54,537 crore as of January 16, 2024. The market rally also had the cash segment of the market jumping to a record 25 per cent in December 2023, according to an analysis by Icra Ratings. With the recovery in secondary market returns from Q2FY24, the margin trade funding (MTF) book of brokers in general and especially those led by banks, has been achieving new highs. The aggregate industry-wide MTF exposure soared 98 per cent from March 2023 when it was Rs 26,000 crore to Rs 51,000 crore in December 2023,

Adani stocks found buyers in India's retail investors during Hindenburg row

Individual holdings in nine of the group's 10 stocks at the end of December are higher than they were before the short-seller's attack on the conglomerate, exchange data compiled by Bloomberg show

Market analysts expect 'quality, growth' stocks to make comeback in 2024

Value investing expected to lag after close to three years of outperformance

Jindal Stainless announces Employee Stock Option Plan for senior officials

Jindal Stainless Ltd (JSL) on Tuesday announced an Employee Stock Option Plan (ESOP) for senior company officials. The primary objective of introducing ESOPs for 150 senior members is to attract, incentivise and retain talent, fostering a shared sense of ownership and aligning the interests of the employees with those of the organisation, the company said in a statement. JSL has granted 15,68,266 stock options, using the instrument of ESOPs and restricted stock Units (RSUs) in an equal mix, to eligible employees under the JSL Employee Stock Option Scheme 2023. The ESOPs will vest over a period of four years, alongside linkage to performance conditions, it said. "The implementation of ESOPs is a testimony of our intent to retain our people and make them true partners in our progress. Besides, it helps align the interests of our senior team with our long-term growth plans," Jindal Stainless Managing Director Abhyuday Jindal said.

Societe Generale sells Zee Entertainment's shares worth Rs 216 cr

Financial services company Societe Generale on Tuesday sold shares of Zee Entertainment Enterprises Ltd (ZEEL) for Rs 216 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Societe Generale offloaded 83,45,179 shares, amounting to a 0.87 per cent stake in ZEEL. The shares were disposed of at an average price of Rs 259.10 apiece, taking the deal value to Rs 216.22 crore. Meanwhile, Societe Generale acquired 5.08 lakh shares of ZEEL at an average price of Rs 256.64 per piece, taking the transaction size to Rs 13.05 crore. Shares of ZEEL plunged 7.98 per cent to close at Rs 255.95 apiece on the NSE.

Consensus on framework for pricing transactions, deals important: Experts

Late in December, the market regulator sought comments on changes proposed in rumour verification norms through a discussion paper

1st trading day 2024: Stock-specific action on a day of wild swings

RailTel, YES Bank, Vodafone Idea, and BHEL rose 2-6%