Recommendations Financial News
07.03 / 07:57
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HDFC Bank, ICICI Bank, SBI among top banking picks as analysts say most negatives already priced in
Sharekhan by BNP Paribas, tight liquidity conditions are creating a challenge for the banks to mobilise deposits. Additionally, a higher credit-deposit ratio is also creating a challenge to sustain loan growth at healthy levels. However, most negatives could be priced in for the banking stocks.
07.03 / 07:27
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Marico shares gain 2.16% as Sensex rises
Marico Ltd. traded 2.16 per cent up at Rs 516.35 at 12:43PM (IST) on Thursday, even as BSE benchmark Sensex gained 40.46 points to 74126.45. The stock had settled at Rs 505.4 in the previous session. The stock quoted a 52-week high price of Rs 595.0 and 52-week low of Rs 462.95, respectively. As per BSE data, total traded volume on the counter till 12:43PM (IST) stood at 20008 shares with a turnover of Rs 1.01 crore.
07.03 / 07:20
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IPO
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band
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Gopal Snacks IPO: Price band, finances- here are 8 key things to know from RHP
₹193.94 crores from the anchor investors. The allotment for the IPO is expected to be finalized on Tuesday, March 12, 2024, while the shares of the company may be listed on BSE and NSE on Thursday, March 14, 2024. Also Read: Gopal Snacks IPO opens for bidding: Check latest GMP, subscription status, review, key dates, more.
07.03 / 05:31
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GAIL shares drop 0.13% as Sensex falls
GAIL (India) Ltd. traded 0.13 per cent down at Rs 190.15 at 10:56AM (IST) on Thursday, even as BSE benchmark Sensex dropped 58.48 points to 74027.51. The stock had settled at Rs 190.4 in the previous session. The stock quoted a 52-week high price of Rs 196.35 and 52-week low of Rs 102.1, respectively. As per BSE data, total traded volume on the counter till 10:56AM (IST) stood at 171899 shares with a turnover of Rs 3.28 crore.
07.03 / 05:31
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IIFL Finance shares rally 9%, reverse 4-session losing streak
IIFL Finance jumped over 9% on Thursday to the day's high of Rs 417 on the NSE after breaking their four-session losing streak. The price action was amid strong volumes with over 79.84 lakh shares getting traded on the NSE at around 10 am. On Wednesday, Fairfax India Holdings Corporation, a longstanding investor in IIFL Finance announced that it will provide liquidity support of $200 million amidst the RBI embargo on the company's gold loan disbursements.
07.03 / 05:13
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Buy or sell: Osho Krishan of Angel One recommends buying HDFC Life and Kotak Mahindra Bank stock today
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Thursday's session at a record high due to a robust trend in US markets and inflows of foreign funds. In early trade, the Sensex rose by 159.18 points to hit an all-time high of 74,245.17. The Nifty 50 touched 22,523.65, up 49.6 points.
07.03 / 03:11
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Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 7
Sensex rose 408.86 points to close at 74,085.99, while the Nifty 50 settled 117.75 points, or 0.53%, higher at 22,474.05. Nifty 50 formed a long bull candle on the daily chart with a long lower shadow. “Technically, this pattern indicates a bullish rising three method pattern and this is an uptrend continuation pattern.
07.03 / 01:33
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 7
Buy or sell stocks: On account of strong buying in banking, healthcare, IT, and auto stocks, the Indian stock market witnessed a strong pullback in the last hour of Wednesday's session. All three key benchmark indices ended in the green territory. The Nifty 50 index ended 117 points higher after climbing to a new peak of 22,497 level.
06.03 / 18:35
UPS
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Features
Best Voltas coolers for scorching summer months: Top 6 picks to consider according to features and budget
Specifications of Voltas Grand 72E Desert Air Cooler Brand: Voltas Airflow: 3400 cubic meters per hour Tank capacity: 72 litres Wattage: 190 Watts Features: 3-speed fan, honeycomb cooling pads, castor wheels, water level indicator, works on inverter power 2. Voltas Grand 52 Desert Cooler The Voltas Grand 52 Desert Cooler in Off-White provides a robust cooling solution for spaces up to 40 square feet. With a sizable 52-litre reservoir capacity and a 3-speed fan, it delivers efficient cooling.
06.03 / 14:25
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generative AI
3 Generative AI Software Stocks Worth Buying Amid AI Boom
As the artificial intelligence (AI) revolution continues to reshape industries, drive innovation, and take the stock market by storm, investors are increasingly turning their attention to companies harnessing the power of generative AI (GenAI).
06.03 / 14:25
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Marks & Spencer rolls out campaign Love your body with M&S BraFit
Marks & Spencer, the British fashion retailer, has unveiled its latest campaign, Love your body with M&S BraFit. As per the company, the campaign is dedicated to celebrate the transformative power of a well-fitting bra.
06.03 / 13:35
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gatherings
Updates
Consultation paper on national broadcast policy soon: Trai chairman
MUMBAI : India’s telecom regulator will shortly take its next steps towards updating the national broadcast policy, with a focus on making India a global hub for content creation. The Telecom Regulatory Authority of India is set to issue a detailed consultation paper seeking feedback from various stakeholders on the draft policy, chairman Anil Kumar Lahoti said on Wednesday. Trai has completed a pre-consultation process to identify the focus areas for the policy, Lahoti told a gathering at Ficci Frames, an annual media and entertainment industry convention.
06.03 / 12:01
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rowing
Nifty Bank eyes fresh record highs in March; should you buy now or on dips?
Nifty Bank rose for the sixth day in a row on Wednesday pushing the index towards 48,000. It closed 384 points higher at 47,965 while the Nifty50 rose 117 points to close at 22,474 – a fresh record high. Banking stocks are leading a rally in the Nifty50 and if the momentum continues, the Nifty Bank is on track to hit fresh record highs and dips should be used to go long.
06.03 / 09:31
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Credit score: How often should you check it and why?
To correct mistakes: It is not uncommon to spot mistakes on credit reports. So, regularly checking your credit score allows you to spot any errors, such as inaccuracies in personal information or incorrect reporting of accounts or payments. Correcting these errors promptly can prevent from negatively affecting your creditworthiness.
06.03 / 09:15
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regulatory
CoinSwitch Kuber CEO optimistic about regulatory shift towards innovation in India's digital ecosystem
In a panel discussion hosted by ETMarkets, CoinSwitch Kuber CEO Ashish Singhal expressed optimism regarding the regulatory landscape's evolving stance towards innovation within India's digital ecosystem. Singhal also shed light on the company's efforts to educate beginners, the growing interest of businesses in blockchain technology, interactions with regulatory authorities, and strategies for navigating the complex regulatory landscape. Edited excerpts:
06.03 / 08:37
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Dividend Stocks: Coal India, ONGC, Tech M, ITC among top 10 picks by Religare Broking
Coal India, 360 One Wam , Gujarat State Fertilizers & Chemicals Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, ITC , Power Grid Corporation of India , Oil India are amongst top 10 dividend yield picks of Religare Stock Broking. The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. Dividend yield of 3-5% or more is considered to be good.
06.03 / 05:03
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Hot Stocks: Brokerage view on RIL, IIFL Finance, MGL and UltraTech Cement
UltraTech Cement but downgraded MGL to sell. Jefferies downgraded IIFL Finance to hold and JPMorgan maintained an overweight rating on RIL.
06.03 / 05:03
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Jefferies downgrades IIFL Finance after RBI action; stock tanks 36% in two sessions
IIFL Finance tanked 20% on Wednesday to fresh 52-week low of Rs 382.20 on the NSE following a downgrade by global brokjerage Jefferies. The US brokerage has slashed its target price to Rs 435 from an earlier target of Rs 765 while recommending a ‘hold’ rating versus 'buy' it held earlier. The downgrade comes after the Reserve Bank of India (RBI) directed the company to cease and desist from sanctioning or disbursing gold loans or assigning/securitising/selling any of its gold loans.
06.03 / 04:51
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Info Edge shares gain 0.65% as Sensex falls
Info Edge (India) Ltd. traded 0.65 per cent up at Rs 5052.0 at 10:05AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 176.24 points to 73500.89. The stock had settled at Rs 5019.35 in the previous session. The stock quoted a 52-week high price of Rs 5536.8 and 52-week low of Rs 3310.0, respectively. As per BSE data, total traded volume on the counter till 10:05AM (IST) stood at 6100 shares with a turnover of Rs 3.11 crore.
06.03 / 03:19
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Big movers on D-Street: What should investors do with IIFL Finance, Bajaj Auto and Network18?
Sensex declined 195 points to settle at 73,677 and the broader Nifty declined 49 points to close at 22,356. Stocks that were in focus included names like IIFL Finance, which fell 20%, Bajaj Auto, which rose 1.74%, and Tata Steel, whose shares declined 5% on Tuesday.
06.03 / 02:17
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Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 6
Sensex fell 195.16 points to close at 73,677.13, while the Nifty 50 settled 49.30 points, or 0.22%, lower at 22,356.30. Nifty 50 formed a small negative candle on the daily chart with a minor upper and lower shadow. Technically, this pattern indicates a minor downward correction in the market with high volatility.
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