Trends Financial News

Vedanta Ltd. traded 0.45 per cent higher in Tuesday's session at 12:42PM (IST). The stock opened at Rs 439.45 and has touched an intraday high and low of Rs 443.3 and Rs 436.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 506.85 and a 52-week low of 207.85. About 378,911 shares changed hands on the counter so far.

On the BSE, Samrat Forgings(down 10.94 per cent), Kansal Fibres(down 9.99 per cent), India Lease Dev(down 9.98 per cent), Amco India(down 9.35 per cent) and Adroit Infotech (down 8.02 per cent) were among the stocks that plunged over 5 per cent during the session.

Apple prices have crashed by almost 50% in a month as the arrival of the produce from the higher reaches of Himachal Pradesh has increased, while the harvest of Kashmir apples is about to begin. Duty-free import of apples from Afghanistan, which will increase in a few weeks, will also influence the price trends in the coming weeks, said experts.

SME IPO of Trafiksol ITS Technologies opens for subscription earlier today and will close on September 12. The company aims to raise about Rs 45 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Lombard Street: A Description of the Money Market details the dubious purposes for which businesses sought to raise funds: “To make Salt Water Fresh… For building of Hospitals for Bastard Children… For trading in Human Hair… For a Wheel of Perpetual Motion." But the most audacious was: “For an Undertaking which shall in due time be revealed." We no longer live in the 18th century and such blatant fraud is not usually possible today. However, in the 1990s, merchant bankers did inflate the value of many dotcom companies with barely any business prospects, projecting a prosperous future to sell retail investors these shares at excessive valuations. If merchant bankers had made a habit of refusing such deals, much of the dotcom bubble might never have occurred.

Marico Ltd. traded 0.71 per cent up at Rs 680.6 at 10:30AM (IST) on Tuesday, even as BSE benchmark Sensex gained 17.78 points to 81577.32. The stock had settled at Rs 675.75 in the previous session. The stock quoted a 52-week high price of Rs 692.7 and 52-week low of Rs 486.75, respectively. As per BSE data, total traded volume on the counter till 10:30AM (IST) stood at 19146 shares with a turnover of Rs 1.3 crore.

Cummins India Ltd. traded at Rs 3690.2 on BSE at 10:25AM (IST) on Tuesday, up 0.44 per cent from previous close. The stock quoted a 52-week low price of Rs 1590.3 and a high of Rs 4169.5.

Adani Green Energy on Monday said it has fully repaid its $750 million 'Holdco Notes' or bonds used to fund its expansion over the past three years, using its cash reserves and a fully funded redemption reserve account, avoiding the need for refinancing. In January, Adani Green had set aside funds to redeem the 4.38% Holdco Notes due on September 8, the company said in a statement.

Triveni Turbine with a target price of Rs 830. The current market price of Triveni Turbine is Rs 738.7. Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 23735.87 Crore) operating in Engineering sector.

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.

share allotment of Shree Tirupati Balajee Agro Trading IPO is likely to be finalised today. Investors will get shares on a lottery basis and the registrar supervised the whole process. On the allotment date, investors get to know the number of shares allotted to them against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

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.

SME IPO of SPP Polymer opens for subscription today and will close on September 12. The company aims to raise about Rs 24 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

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%.

«This is supported by healthy macros and retail participation. Overall we expect the market to continue its consolidation mode with a gradual up move. US & Europe policy meeting in the near term would keep investors on edge,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Azure Power, backed by CDPQ and OMERS, has said it would prepay $310 million of green bonds maturing in December 2024 through a loan from state-run REC. Azure Power had issued this bond, a total of $350 million, 5.65% senior notes in 2019. The instruments were maturing in December 2024. Now, the company will prepay $310 million of the outstanding with a loan of ₹2,400 crore arranged by REC.

«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.

TV Today Network among 10 companies is expected to be in focus today as they have set September 11 as the record date for determining shareholders eligible for dividend payments. This means today will be the last day to buy the shares of these companies in order to qualify for the dividends they announced.

Morgan Stanley said the decline in oil prices would be a cause for concern for Indian equities if the oil market is right about its assessment of a global slowdown. The brokerage said while falling oil may seem good for India's economy, earnings and shares, in practice, the impact depends on the reasons and duration of the fall. «We think it is safe to say that the recent bearishness in the oil markets is being led by growing concerns about slowing demand, and to that extent, its positive impact on India's terms of trade is diluted greatly,» said Morgan Stanley's strategists, including Ridham Desai, in a client note.

At least six companies Edelweiss Financial, Shipping Corp of India, TVS Holdings, NIIT, GHCL and Forbes & Co returned a minimum of 50% after the demerger.

equity indices snapped from their losing streak in the past week to close higher on Monday, led by gains in banking and consumer stocks, despite lingering concerns over the U.S. economy following last week's jobs data, which indicated a continued slowdown in the labor market. The Nifty 50 index settled 0.34% higher at 24,936 points. The S&P BSE Sensex gained 0.46% at 81,559 points.