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Ircon International rose over 4% to Rs 147 in Monday's trade on BSE after the firm executed the contract agreement with the Sri Lanka Railways. «Ircon International Limited has executed the contract agreement with Sri Lanka Railways, Ministry of Transport, Sri Lanka for the work of procurement of design, installation, testing, commissioning and certifying of signalling and telecommunication system from Maho Junction (Including) to Anuradhapura (Excluding) under Indian Line of Credit at a total price of USD 14.89 million equivalent to approx. Rs 122 crore on 21st September 2023,» the company said in an exchange filing. The work will be completed within 24 months from the date of signing of the contract. At 10.49 a.m., the scrip was trading 2.9% higher at Rs 145.5 on BSE.

international funds have offered more than 30% in a one-year horizon, a data crunching by ETMutualFunds showed. There were around 68 schemes in the international category. These 12 schemes were from different geographies such as — NYSE, NASDAQ, US, pan european, global equity. The overseas indices like NASDAQ, NASDAQ 100, NYSE, DAX, and Dow Jones were also up in the last one-year horizon, ranging from 12% to 29%. NASDAQ 100 was up by 29.68%, followed by DAX, which was up by 26.64%. That indicates the performance by these funds in a one-year horizon. The toppers in the list were from Mirae Asset Mutual Fund. Mirae Asset NYSE FANG+ ETF topped the return chart and offered 53.21%, followed by Mirae Asset NYSE FANG+ETF FoF which offered 52.33% in the one-year horizon.

Tata Power Company Ltd. traded 0.52 per cent down at Rs 255.7 at 11:26AM (IST) on Monday, even as BSE benchmark Sensex dropped 205.93 points to 65803.22. The stock had settled at Rs 257.05 in the previous session.

BNP Paribas, Societe Generale, Citigroup Global Markets, and Nomura Singapore are foreign investors that participated in the anchor round. The company plans to raise about Rs 640 crore through the IPO, which closes on September 27. Analysts are dividend on the company's prospects. While they believe the company has successfully created a niche through marque clients, past acquisitions and operational efficiency, they remain concerned over the valuations. «The company has aimed for high margin through value-added services with the support of the latest technology in its portfolio.

MAN Industries Ltd, part of the iron & steel industry, has rallied by about 20% in a month pushing the stock to a fresh 52-week high earlier in September but the chart pattern suggests that bulls are here to stay. Short-to-medium-term traders can look to buy the stock on dips for a possible target above 270 levels in the next 2-3 quarters, suggest experts. The stock rose from Rs 143 as on 21 August 2023 to Rs 172 recorded on 21st September 2023 which translates into an upside of over 20%. The momentum pushed the stock to a fresh 52-week high of Rs 188 on 4 September 2023. It failed to hold on to the momentum, but it is still trading above crucial support levels. The stock witnessed a breakout from a falling trendline at 161 levels (swing high of Rs 15 January 2018) on the quarterly charts.

₹113 to ₹119 per equity share of face value of ₹2 each. JSW Infra IPO raised ₹1,260 crore from anchor investors on Friday, September 22. JSW Infrastructure Limited IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors.

Sensex logging its worst week in over 15 months on lingering worries over a higher global interest rate environment. Nifty closed down 0.34% at 19,674, while the Sensex fell 0.33% to 66,009. Stocks that were in focus included names like Berger Paints, which rose 6.85%, Glenmark Pharma, which fell 2.98%, and Union Bank, whose shares jumped 5.39% on Thursday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.Berger Paints — BuyThe counter is in a classical uptrend and witnessed a breakout of an upward-sloping channel on the daily chart with strong volume.

Day trading guide for today: Following weak global market sentiments, Indian stock market ended lower for fourth day in a row on Friday last week. Nifty 50 index finished 68 down at 19,674 levels, BSE Sensex corrected 221 points and ended at 66,009 mark whereas Bank Nifty index ended 11 points lower at 44,612 levels. In broad market, small-cap index ended with marginal gains while mid-cap stock nudged lower by 0.14 per cent.

Sensex and Nifty 50 ended lower for the fourth consecutive session on Friday weighed down by weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a percent. “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards defensive and large-caps.

Buy or sell stocks for today: On account of weak global cues, Indian stock market ended lower for fourth straight session on Friday last week. Nifty 50 index ended 68 points lower at 19,674 levels, BSE Sensex corrected 221 points and closed at 66,009 mark whereas Bank Nifty index finished 11 points lower at 44,612 levels.

Small-cap investing epitomises the essence of stock investing. While this sounds like a provocative assertion, designed more to cause a stir than to be taken literally, it’s something I believe in. I’m not dismissing picking major stocks like Infosys or Innterglobe as less than genuine equity investing.

immigration facility at the Puducherry port, regional oil spill response centres in five states and removing submarine oil and gas pipelines in Mumbai are among the requests from state maritime boards that are being considered by the Centre. Most state government-controlled maritime boards want improved support for their ports along with better facilities to help them gain more cargo and passenger volumes. “Calls for financial incentive to encourage shift of cargo from road or rail to coastal shipping also figure on the list of demands,” a top government official aware of such requests told ET. Meanwhile, the Centre has flagged some concerns.

G20 Independent Expert Group on strengthening multilateral development banks (MDBs) will next month come out with a roadmap and a detailned plan to reform these institutions including the World Bank and Asia Development Bank. The details include proposals that would enable MDBs to harness private capital apart from stepping up their financial capacity, the group's co-chair NK Singh said. «We are going into greater granularity on how you really achieve this private capital--- what incentive, risk mitigation can you do,» Singh, who is also chairman of the Fifteenth Finance Commission, told ET in an interview. The report would dwell on an efficient operating model for the MDBs that would be appropriate to meet emergent challenges and develop the ability to harness innovative capital — hybrid and blended — and coordination among them. It would also consider cohesion and symmetry of purpose that can «come within the MDB family to improve the overall capability and reach», Singh said. The group, co-chaired by Singh and former US Treasury secretary Larry Summers, had submitted the first volume of its report at the G20 finance ministers and central bank governors meeting in July. The recommendations figured in the New Delhi G20 Leaders' Declaration. The report put private capital requirement of MDBs at $500 billion. Singh said the roadmap specified in the second part of the report will also detail the sequencing of the reforms. "...the low-hanging fruit, in my view, is clearly the optimisation of the balance sheet," Singh said, adding that other issues including getting more out of the existing equity itself, recalibrating risk appetite, and creative use of guarantees would be in focus. MDBs' record in being able to get only 0.6

The author is Rupak De, Senior Technical analyst at LKP Securities Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions."Exciting news! Mint is now on WhatsApp Channels

Coinbase's Blockchain Security Team recently identified a significant shift in the Zcash network's hash power distribution. A single mining pool, ViaBTC, was found to control over 51% of the network's computational power, raising concerns about potential security vulnerabilities.

pro-Kannada and farmer outfits have called for a Bengaluru bandh on Tuesday (Sep 26) to protest orders to release Cauvery water to Tamil Nadu. Normal life is expected to be disrupted on Tuesday as the Opposition BJP and JDS have pledged support to the bandh call, while the ruling Congress party's resistance seems only symbolic. Chief Minister Siddaramaiah has already said protests were part and parcel of democracy and the government would not try to stop them. Some trader organisations have also expressed their support. There were efforts by a section of Kannada outfits to drop Tuesday’s bandh, and instead go for a state-wide bandh on Sep 29 (Friday), but majority of farmer outfits have stuck to their Tuesday’s bandh call.

crypto assets could threaten the effectiveness of monetary policy,” noted the Synthesis Paper developed by the International Monetary Fund (IMF) and Financial Stability Board (FSB) at the request of the Indian G20 Presidency. The risks of crypto-assets or virtual digital assets (VDA) assuming the status of a “shadow” currency has also been a key concern articulated by the Reserve Bank of India (RBI), prompting the Indian financial services regulator to push for a complete ban on crypto-assets. An important consensus from the New Delhi Declaration adopted by G20 leaders is that a global coordinated approach to crypto-asset regulation is required. A key challenge faced by regulators across jurisdictions when looking to supervise crypto-assets is the blurring of geographical boundaries. Any person with access to the internet can transact on a blockchain-based private cryptocurrency, allowing for seamless transactions with counterparties across multiple jurisdictions. Several crypto-assets operate without any intermediaries, making regulation even more difficult. Consequently, a framework that has “buy-in” from regulators across jurisdictions is the only effective way to regulate crypto-assets. The Synthesis Paper seeks to address this very problem. It sets out a comprehensive policy and regulatory response to address the financial stability and macroeconomic risks triggered by the widespread use of crypto-assets. Regulators across jurisdictions will still need to frame their own rules but can rely on the broad policy recommendations of the IMF and FSB (as set out in the Synthesis Paper).

Sectorally, buying was seen in the public sector, telecom, auto, and capital goods, while selling was seen in healthcare, consumer durables, and realty stocks. Stocks that were in focus include names like Gujarat Ambuja, which rose 6%, Berger Paints closed with gains of more than 6% to hit a fresh 52-week high and Indian Bank, which closed with gains of about 4% to hit a fresh record high on Friday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:Analyst: Sunil Gurjar, Founder Chartmojo, Author, CFTe, CMT Level 3Gujarat AmbujaThe stock has been forming a trend reversal pattern and looking good for an up move. The counter pattern breakout has happened with a good volume spurt which indicates big players are also making positions in the stock. The pattern breakout candle will act as a support zone on the way down, and on the way up one can see an upmove to 405 levels.Indian BankThe counter has been forming an uptrend continuation pattern and looks poised for an upside. The uptrend is also looking very strong and the same is also supported by great volume buildup.

corporate actions scheduled for this week. Bajaj Holdings & Investment, Brightcom Group, West Leisure Resorts, and Maharashtra Scooters will trade ex-dividend, while Hindustan Aeronautics and Shradha Industries will trade ex-split this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout.

PTI. The pro-Kannada organisations even appealed to schools, colleges, shopkeepers, owners of various commercial establishments, factories, companies and transporters to support their call for a shut-down.

Telecom Regulatory Authority of India (Trai) has recommended that the applicable gross revenue of telecom operators be reduced against the indigenous networking and telecommunications equipment (NATE) volumes procured in their respective networks. In the list of recommendations on ‘Promoting Networking and Telecom Equipment Manufacturing in India’ released by the sector regulator on Saturday, it has also suggested the introduction of local value addition norms in performance linked incentives scheme (PLI scheme), tax relief as part of fiscal incentives, and setting up a dedicated master fund towards to address the relative cost disability faced by the industry, among others. “It has been recommended that Government should follow a nudge approach and Telecom Service Providers (TSPs) should be incentivised to deploy indigenously manufactured equipment by reducing their Applicable Gross Revenues on annual net basis, by an amount equivalent to the aggregate certified value of indigenous NATE deployed in respective telecom networks during a financial year,” Trai said. It has recommended the establishment of a dedicated master fund – the NATEDF — Networking and Telecommunications Equipment Development fund along the lines of the Electronics Development Fund (EDF). This fund should provide for venture capital funding in public-private partnership mode to start-ups in need of accelerator support. “For the same, at least 15% of NATEDF's total pool of Rs 10,000 crores should be earmarked as Committed Public fund for Daughter fund(s) for innovation practice,” Trai said. Trai also said that telecom software should be recognised as a separate category, and suggested setting up a dedicated fund, Telecom Software Development Fund.