Recommendations Financial News

Breakout stocks to buy or sell: After a subdued start, the Indian stock market registered a strong recovery on Wednesday. However, the frontline indices failed to recover the losses and ended lower. The Nifty 50 index finished 122 points lower at the 24,918 mark, the BSE Sensex corrected 398 points and closed at 81,523, whereas the Bank Nifty index ended 262 points lower at 51,010.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

A European business group says China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country

National Real Estate Development Council (NAREDCO) has urged the government to resolve regulatory challenges that hinder real estate development in major cities like Mumbai, Chennai, and Kolkata. In bid to help resolve the issue, the developers’ body has made certain recommendations that were discussed during a recent meeting with a Joint Working Group, which included an Expert Committee led by Fali Major, NAREDCO said in a release. “The height restrictions imposed by aviation regulations have significantly constrained real estate development in urban areas. Our recommendations are designed to unlock the potential of these cities while maintaining safety standards,” said G Hari Babu, National President of NAREDCO.

A Las Vegas man has pleaded guilty to a federal criminal charge alleging that he duped people into making charitable donations that were instead diverted to political action committees or his own companies

Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried's collapsed cryptocurrency empire, is seeking no prison time at her sentencing later this month

Bajaj Housing Finance was subscribed 14.05 times on the third and the last day of bidding on Wednesday, led by strong demand from non-institutional investors (NIIs) and qualified institutional buyers (QIBs). On day two, the issue was subscribed 7.5 times. At 11:30 am, the issue attracted bids for 10,22,02,27,408 shares, or 14.05 times against the issue size of 72,75,75,756 shares. The retail portion was subscribed 5.35 times, while non-institutional investors subscribed 25.2 times. The qualified institutional buyers’ allocation was booked 23.5 times, and the shareholder reservation portion saw 12.76 times subscription.

passive funds. Around 42 index funds and 36 ETFs were launched in this year so far. 3 of 3,763MF: pl fileInboxAnkur Singh 10:45 AM (9 minutes ago)to me, Anushka, MeghnaByline — Surbhi KhannaAgency — ET OnlinePublish section — MF AnalysisContent filter — strategiesKeywords: mutual funds, mutual fund news, passive funds, equity mutual funds, index funds, ETFs, large cap funds, small cap funds, thematic funds, sectoral fundSynopsis: Mutual fund houses in 2024 have launched around 170 new funds, with a significant focus on passive schemes like index funds and ETFs. Experts suggest investors consider large-cap passive funds due to their lower expense ratios, while cautioning about the risks associated with sectoral and thematic funds.Why mutual funds are bullish on passive schemes. Should you follow suit?The mutual fund houses in 2024 so far have launched around 170 NFOs to complete their bouquet of offerings. A further analysis of data showed that out of these new launches maximum were passive funds. Around 42 index funds and 36 ETFs were launched in this year so far. Mutual funds are allowed to launch only one active fund in each category. So to increase the assets under management of the fund house, new passive funds are launched with different variants.

Aditya Birla Fashion and Retail (ABFRL) Balrampur Chini, Bandhan Bank, Biocon, Chambal Fertilizers & Chemicals, Hindustan Copper and RBL Bank. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Sensex and Nifty rose for the second consecutive day on Tuesday, driven by gains in IT stocks ahead of key U.S. inflation data and by pharma stocks following a tax cut on certain cancer drugs. The 30-share BSE Sensex surged 362 points, or 0.44%, to close at 81,921, while the broader NSE Nifty advanced 105 points, or 0.42%, to settle at 25,041.

Nifty future closed positive with gains of 0.45% at 25097 levels on Tuesday. India VIX was down by 6.18% from 14.24 to 13.36 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,100 strikes while the maximum Put OI is placed at 25,000 and then towards 24,600 strikes.

SJVN, which was recently elevated to a Navratna status by the government, along with 20 other companies, is likely to remain in focus today as they have set September 12 as the record date to determine shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

Benchmark Sensex climbed nearly 362 points while Nifty ended above 25,000 level higher on Tuesday, marking their second straight day of gains following a rebound in the US markets. Stocks that were in focus include names like GMR Airports, which rose 1.96%, IREDA, which gained 5.3%, and Suzlon Energy, whose shares jumped nearly 5% on Tuesday.

DoT) has simplified the approval process for issuance of experimental and demonstration licenses with introduction of fixed timelines. Further, companies will be able to get approvals for license-exempt wireless devices on a self-certification basis. The changes are part of DoT’s efforts to enhance ease of doing business in the telecom sector with an aim to reduce delays and simplify regulatory requirements. The changes have been incorporated based on the recommendations of Telecom Regulatory Authority of India (Trai). As per the latest rules, for experimental licenses (radiating category), the license will be deemed issued after 30 days of application if no decision is conveyed for cases where no inter-ministerial consultation is needed. In cases requiring inter-ministerial consultation, the DoT will seek comments within seven days of receiving a complete application. If no comments are received, a provisional license will be granted after 60 days, which will be converted to a regular license after 90 days, provided there are no adverse comments.

Narendra Modi on Tuesday chaired the first governing board meeting of the newly formed Anusandhan National Research Foundation (ANRF), officials said. The meeting of the foundation, which will act as an apex body to provide high-level strategic direction towards scientific research in accordance with the recommendations of the National Education Policy (NEP), was attended by Education Minister Dharmendra Pradhan.

At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue size of 72,75,75,756 shares. The retail portion of the issue was subscribed 2.37 times, and the non-institutional category's subscription rate stood at 6.82 times. The allocation for qualified institutional bidders was booked 1.08 times.

mutual funds, which come with a 3-year-locking period, are also wondering if it is the right time to start trimming their portfolio in a gradual manner.

₹66-70. The company has raised ₹1,758 crore from anchor investors and reserved portions for various investor categories, including a special quota for shareholders.The Bajaj Housing Finance IPO has allocated up to 50% of the shares in the public issue for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and a minimum of 35% of the offer is set aside for retail investors.The initial public offer of Bajaj Housing Finance IPO has been subscribed 2.02 times on the first day of subscription today, as per BSE data.The portion for retail investors received 1.51 times subscription while the quota for non-institutional investors got subscribed 4.35 times.

Stocks that were in focus include names like Bajaj Finance, which rose 0.34%, Tata Technologies, which declined 3.13%, and Minda Corp, whose shares fell nearly 0.4% on Monday.

Infosys and InCred has a hold rating on SBI Life while CLSA has maintained an outperform rating on ICICI Bank. Morgan Stanley has an overweight call on Suzlon Energy and Goldman Sachs has a buy rating on Marico.

«The second one is as far as the ice cream business is concerned, the business is not very large as far as HUL is concerned. It contributes just maybe 2.5-3% to total sales and it is under-indexed in terms of margins,» says Amnish Aggarwal, Prabhudas Lilladher. What is your take? Is this reaction on HUL stock on account of that expected rejig in the ice cream business warranted? Amnish Aggarwal: There are two factors to it. If you look at broadly why the sector is doing well and Lever is doing well from quite some time, this is due to expectations regarding uptake in demand due to normal monsoon this year. Given the fact that in the rural sector we have seen two wheelers in some of the other segments you can say growing in the past at least two to three quarters and in the last quarter rural was going ahead of urban in many of the segments, so that seems to be the one reason.