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Brokerage firm Systematix has initiated coverage on Patanjali Foods with a 'Buy' rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods' aggressive palm oil plantation plan within its edible oils business. The brokerage firm noted, «Patanjali is poised to leverage the strong premiumisation drive in its foods business.»

Ukraine, the External Affairs Ministry said today. It will be Modi's first trip to the war-torn country since its conflict with Russia and about a month after he met President Vladimir Putin in Moscow. Details of the trip will be shared later in the day, Reuters reported quoting the foreign ministry. Modi is expected to visit Ukraine between August 21 and 23, ET had reported earlier. It comes just over a month after Modi visited Russia and Austria. Western capitals have imposed sanctions on Moscow following its invasion of Ukraine in 2022, but friendly nations such as India and China have continued to trade with it.

Kazakhstan’s crypto crackdown is continuing apace, with a court in the nation sending an illegal trader to jail for five years.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Havells India Ltd. traded 0.39 per cent up at Rs 1883.65 at 12:17PM (IST) on Monday, even as BSE benchmark Sensex gained 31.45 points to 80468.29. The stock had settled at Rs 1876.2 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1986.55 and Rs 1233.1, respectively.

Bharat Forge Ltd. 0.0 per cent to Rs 1581.5 at 11:57AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 11,076 shares with a turnover of Rs 1.75 crore till 11:57AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 80.76, while the price-to-book value ratio stood at 7.33.

Newly-listed Ola Electric's 75% rally from IPO issue price has caught both traders and long-term investors off-guard. Anand James, Chief Market Strategist, Geojit Financial Services, says. However, the timeframe is short to conclude whether the EV stock is now in an overbought zone, there are signs of positional trades being built systematically.. «Daily volumes have declined since the first day, while intraday volumes are tapering through the day. This does not suggest a FOMO trade,» he says… Edited excerpts from a chat: Nifty has been largely stuck in a narrow trading range of 400-500 points for the last few days. After Friday's upside, do you see signs of a fresh breakout on the upside? Anand James: We had gone in last week, with the expectation of achieving 24540, as long as the downside marker of 23975 held.

Shree Cements Ltd. traded 0.78 per cent higher in Monday's session at 12:02PM (IST). The stock opened at Rs 24840.0 and has touched an intraday high and low of Rs 24960.0 and Rs 24701.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 23431.9. About 570 shares changed hands on the counter so far.

Nifty opened higher on Monday, driven by gains in banking and energy stocks. This positive momentum followed an upswing in Asian markets, which rose after U.S. data eased fears of a recession in the world's largest economy. The BSE Sensex was trading 191 points, or 0.24%, higher at 80,627, while the Nifty50 was up 65 points, or 0.27%, at 24,605 around 9:20 am.

investors — Ashish Kacholia, Rekha Jhunjhunwala, Dolly Khanna, Vijay Kedia and Mukul Agrawal — have hit the jackpot in 2024 with at least 14 of their stocks giving multibagger returns this calendar year. Out of the five top guns of Dalal Street, at least 5 stocks of Kacholia have more than doubled wealth so far in 2024. Advait Infratech, in which the investor owned 2.67% stake at the end of the June quarter, is the biggest gainer in the pack with a massive return of 215% in 2024.

The ports of Los Angeles and Long Beach, which account for roughly a third of all US container imports, had their third-strongest month ever in July, just shy of an all-time high reached in May 2021. Back then, a wave of inbound consumer goods caused supply bottlenecks on land and a queue of cargo ships waiting for a berth offshore was getting longer by the day. Demand now is driven by retailers and other importers that are stocking up ahead of US tariffs on Chinese goods and a possible strike by a large group of American dockworkers — adding to the usual frenzy of pre-holiday ordering that occurs this time of year.

Dr Lal PathLabs, Sun TV, and 19 other companies are expected to be in focus today, as they have set August 20 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to purchase shares of these companies to qualify for the announced dividends.

Some South Korean crypto exchange workers are getting paid more than staff in some of the nation’s top commercial banks, new data shows.

The Nifty50 closed 397 points higher at 24,541 on Friday, while the Indian VIX fell over 6% to close at 14.40.

The scorching summer that India just trudged past was yet another reminder of a rapidly warming Earth, with temperatures soaring to almost 50° Celsius in one of our longest heatwave spells. The country logged more than 40,000 suspected cases of heatstroke, with a death toll of over 100 people. But 2024 stands out for another reason: a shift in the Pacific Ocean’s see-saw of warm and cool water along the equator, a phenomenon that distorts weather around the globe.

Sebi have resulted in higher, and more nuanced investigations. Sebi, along with the National Stock Exchange (NSE), has acknowledged an increase in retail participation in equity markets. Additionally, the regulator has also been raising concerns over the surge in retail participation in the derivatives (futures and options) market.

US stock market indexes Nasdaq Composite, S&P 500, and Dow Jones are likely to trade higher on Monday as encouraging data eased recession worries following a brutal sell-off in Wall Street earlier in August. The S&P 500 has rebounded more than 6 per cent since August 5, when a steep drop pushed the benchmark the US index to its biggest three-day slide in over two years. A rapid return to calm was also evident in the Cboe Volatility Index, or Wall Street's «fear gauge,» which has retreated from last week’s four-year highs at a record pace, as per a Reuters report. Some of 2024's biggest winners have staged strong rebounds since August 5. Chipmaker Nvidia has bounced more than 20 per cent, while the Philadelphia SE Semiconductor index has gained more than 14 per cent. Small-cap shares, which had been strong performers in July, have also recovered from recent lows, with the Russell 2000 up nearly 5 per cent, Reuters reported.

Inox Wind reported a profit in the April-June period, the first quarter it has done so since the three months to December 2018. «We are just at the cusp of a massive breakout,» Devansh Jain, executive director, InoxGFL Group, said in an interview. The company, a fully integrated wind energy player, has a record 2.9GW order book. The stock market has lapped up the turnaround story. The Noida-based company has seen its stock surge over 11 times from the low of ₹19 in December 2018 to ₹212 on August 16, 2024. In the past year, it has jumped 331% while the Sensex is up 22%, lifting its market capitalisation to nearly ₹28,000 crore.

Gita Gopinath said, while flagging concerns around the growing sentiment against de-globalisation and protectionism. She said countries are certainly becoming more selective about their trading partners. “In that sense, India is in a bit of a favoured position because for many countries, India is an attractive country to work with in terms of diversifying their trading partners… so that plays a beneficial role for India,” Gopinath told ET.

economy, there are cheerleaders, there are doomsayers and there are those who hold up the mirror. Nouriel Roubini, the New York University professor, belongs to the last category as he passionately propagates his theories based on data. Roubini, the Turkish-born economist may have earned the moniker of Dr Doom for predicting the US subprime housing implosion that triggered the global financial crisis, but he's more often misunderstood by the markets whenever it is on steroids, as it is now. The economist, who will be wearing the hat of a fund manager with an exchange-traded fund soon, is set to reveal his view of the world at ET's World Leaders' Forum this month in New Delhi.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...