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Highest-ever advancing stocks on BSE in April
A little over 2,400 BSE-listed stocks ended with gains in April amid a sharp rebound in the broader markets from the March lows. This was the highest number of stocks that rose during a calendar month, as per data provided on BSE's website. The previous high was 2,322 gainers recorded in January.
Paytm COO Bhavesh Gupta quits; senior mgmt rejigged
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money.
Warren Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
FPIs exercise caution amid US yield surge, await June 4 electoral results
Turn net sellers on both equities and debt in April; make modest purchases in the two trading sessions of May
Kareena Kapoor Khan appointed UNICEF India National Ambassador, says Cynthia McCaffrey
Kareena Kapoor Khan, who has been associated with UNICEF India since 2014, will support the not-for-profit organisation in furthering every childs right to early childhood development, health, education and gender equality
What will Warren Buffett do next? Billionaire sitting on mountain of cash but no big deal in sight
In the absence of deals, Berkshire has turned to buying back its own shares. It spent about $2.6 billion doing that in the first quarter, it said in its earnings statement Saturday.
J&K Bank reports highest-ever annual profit of Rs 1,767 crore for FY24
The bank witnessed a 10% increase in its total income to Rs 6,029.17 crore from Rs 5,502.09 crore. It had posted a profit of Rs 1,197 crore last fiscal, which was the highest profit till last year.
'Does not feel good': Kotak Mahindra CEO expects bank to 'come out OK' after RBI torpedo
Kotak is already working with the RBI to appoint an external auditor for IT systems and the process should be completed soon, said Ashok Vaswani.
DMart Q4 result: Net profit sees 22% jump to Rs 563 crore, revenue up 20%. Full details
Its e-commerce vertical DMart Ready has started functioning in Gurugram. DMart Ready is available in 23 cities across the country.
Short Take: OFSS F&O contracts adjustment
With respect to adjustment in futures contracts, the reference rate of the relevant contract on May 6 will be considered
F&O Strategy: Bull call spread on Coal India
Traders can sell 480-strike call and simultaneously buy the 470-strike call
Crude Check: Support ahead for futures
6,400 is the key for May contract
Bullion Cues: Stuck within a band
Traders wait for a break
F&O Tracker: Nifty futures poised for intra-range decline
Bank Nifty futures staring at a psychological barrier
The retailer reported net profit of Rs 563.3 crore on revenue of Rs 12,726.6 crore
Concurrent Gainers: Siemens among 6 stocks that rose for 5 days in a row
Amid the negative trend, ETMarkets highlighted six stocks within the BSE 100 index that consistently rose in price throughout the last 5 trading sessions.
Headline: Three stock recommendations Rajesh Palviya for next week
One should use this volatility to buy and accumulate good quality stocks in this decline. We are optimistic that we could again resume the uptrend and possible target for May series could be towards 23,000 to 23,200, says Rajesh Palviya, Axis Securities.
Use any rallies to switch from IT to domestic themes: Vinit Bolinjkar
Kotak Bank is suffering from the pains of RBI strictures and until that is sorted out I do not think this stock is going anywhere. So, 1600 was a strong support level that has given way and the stock can get into a vertical fall I think for another 200 points, according to Vinit Bolinjkar, Ventura Securities.
HCL Tech among 8 stocks that will trade ex-dividend next week
Here's a look at top stocks that will trade ex-dividend next week.
NSE becomes $1 bn company, contributes Rs 43,514 cr to state exchequer in FY24
For the full FY24, NSE's profit rose 51% to Rs 8,306 crore and the total revenue came in at Rs 16,352 crore, showing a 28% YoY jump
India's fintech sector has seen significant growth driven by technology and private investment, offering diverse financial products. Intellect Design Arena focuses on global banking solutions, emphasizing long-term sustainability over short-term gains.
Titagarh Rail among top 10 smallcap block deals signed this week
IDBI Bank Q4 Results: PAT soars 44% YoY to 1,628 crore; NII rises 12%
Its net interest income (NII) rose 12% to Rs 3,688 crore vs Rs 3,280 crore on a YoY basis .
Weekly Market Wrap: Despite selloff, D-street closes with marginal gains. What lies ahead?
The BSE Sensex rose 148 points, or 0.20%, at 73,878.15 during the week ended on May 03, 2024. While the Nifty gained 56 points, or 0.25%, to 22,475.85.
Ban on onion export lifted; MEP of $550/tonne imposed
The government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of $550 per tonne, amid ongoing Lok Sabha elections in the country. Last night, the government imposed a 40 per cent duty on export of onions. In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023.
Income tax: Home loan benefits when two houses are self-occupied
There is no restriction on the number of houses a person can own under the provisions of the Income Tax Act. Likewise, there is no restriction on the number of houses a person can avail of the tax benefits for a home loan
Is the worst of geopolitical crises over?
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED and fear'. While most investors and the media are focused on United States (US) Federal Reserve policy and the endless chatter of Fed governors, Wood believes the news flow in the financial sphere pales into complete insignificance compared with the ectonic shifts going on in geopolitics.
Trent, BSE among 6 stocks that got upgraded and downgraded this week
During the week, at least 5 stocks earned downgrades while Trent got an upgrade.
Kotak Mahindra Bank Q4 Results: PAT surges 18% YoY to Rs 4,133 crore, NII at Rs 6,909 cr
Its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore, while itsnet interest margin (NIM) in Q4 rose to 5.28% vs 5.22% in Q3 of FY24.
Kotak Mahindra Bank Q4 Results: PAT jumps 18% YoY to Rs 4,133 crore, NIM at 5.28%
Kotak Mahindra Bank Q4 Results: Net interest income in Q4 rose 13% YoY to Rs 6,909 crore.
Investing guru Warren Buffett draws thousands, but Charlie Munger's zingers will be missed
Tens of thousands of investors are expected to once again descend on an Omaha, Nebraska, arena Saturday to vacuum up tidbits of wisdom from billionaire Warren Buffett. But a key ingredient will be missing from his annual Berkshire Hathaway shareholders' meeting: It's the first since Vice Chairman Charlie Munger died.
Indian investors should think about bond investments, say experts; here's why
SEBI's move to reduce the face value of debt securities from 1 lakh to 10,000 has made bonds more accessible to retail investors, potentially increasing their involvement in the corporate bond market and improving liquidity.
Stablecoin Tether steps up monitoring in bid to combat illicit finance
Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said.
NSE board okays 4:1 bonus issue, dividend of Rs 90 per share. More details here
The NSE reported a 20 per cent year-on-year increase in consolidated net profit at Rs 2,488 crore for three months ended March 2024.
Income Tax: As ITR forms enabled to file returns, check here which form you would require
The income tax (I-T) department has released the excel utility of ITR-6 for AY 2024-25. Prior to this, the department enabled the excel utility of ITR-1, ITR-2 and ITR-4 for AY 2024-25.
Top 10 equity mutual funds which delivered highest returns in April
There were around 488 equity schemes in the market.
Bajaj Finance sinks 8% amid rising NIM pressure
Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of the financial year 2023-24 (Q4FY24). The losses accounted for a fifth of the benchmark S and P BSE Sensex's 609-point loss. Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expected the pressure on NIMs to continue in the near term.
Smallcaps offering double-digit weekly returns fall to 29 amid subdued market sentiments
Newgen Software Tech was the top gainer from the smallcap pack, offering 27% returns. It was closely followed by Max Estates and Shakti Pumps, both gaining 21% each.
The Fall Guy: Valuable money lessons from Ryan Gosling's new film
The film The Fall Guy features non-stop action and witty repartee, paying homage to unsung heroes who perform stunts. It also highlights the importance of giving credit to those who support your financial journey.
IPO alert: 3issues open next week, to raise Rs 6,390 cr; check details and latest GMPs
Aadhar Housing Finance, TBO Tek and Ingedene are looking to raise the amount, with an average issue size of Rs 2,130.85 crore via the primary route
Federal Reserve's Bowman says inflation to remain elevated for 'some time'
Bowman, the first Fed official to speak since Chair Jerome Powell's remarks Wednesday, said recent inflation data suggest the low readings seen at the end of 2023 appear to have been temporary.
NSE net profit up 20% in Q4 to 2,488 crore
The cash market recorded an average daily traded volume (ADTV) of 1.11 lakh crore in the quarter ended March, up 127 per cent y-o-y
Buffett gears up to meet investors sans Munger by his side
The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November.
Regulator proposes tighter guidelines on infra funding
RBI draft guidelines pertaining to the prudential framework for financing projects in the infrastructure, non-infrastructure and commercial real estate sectors. It said the guidelines lay down the regulatory dispensations regarding the date of commencement of commercial operations (DCCO) of such projects.
PNB Housing Finance eyes over 17% growth in FY25 loan book
Managing director Girish Kousgi told ET that the lender is aiming to grow its retail book by 17% in FY25, while the overall loan growth is likely to be more when it resumes corporate lending.
Bank Holiday today: Are banks closed on Saturday, May 4? Check state-wise list
As May 4 marks the first Saturday of the month, banks will remain operational today. Banks remain open on first and third Saturdays.
Coforge eyes 4x growth in 4 years, as stock crashes 10% in a day
Cigniti acquisition may add $250 million in net incremental revenue, Coforge CEO Sudhir Singh said
India to buy back $4.8 billion worth of securities, cenbank says
The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, the Reserve Bank of India said in a statement.
Vi loses 680,000 subscribers in March, its fewest in seven months
The carrier had lost 16.25 million subscribers from in the first 11 months of FY24, including more than a million every month from November 2023 to February 2024, according to data from the telecom regulator.
ADB open to scaling up financing of private sector projects in India
ADB is very excited about Indias economic growth and the agency was talking to some of the sponsors of projects in solar energy, hydropower, energy transition and battery storage sectors, said vice president (Market Solutions) Bhargav Dasgupta
Britannia Industries declares a final dividend of Rs 73 per share
The profit figure was down 3.6% versus Rs 558.66 crore reported in the year-ago period.
India could be Apples third largest market in 3 years
Apple posted its eight straight quarter of quarterly revenue record for India.The company's India revenue is expected to have grown 70% to reach $10 billion in FY24
PAT stood at Rs 558.66 crore reported in the year-ago period.
Firstsource Solutions Q4 Results: Net profit drops 6% YoY to Rs 133.5 crore
RP Sanjiv Goenka Group's business process management services company, Firstsource Solutions Limited, posted a consolidated decline of 5.6 per cent in net profit to Rs 133.5 crore for the quarter ended March 2024, compared to Rs 141.3 crore registered in the same period last year, despite higher sales.
JSW Infrastructure Q4 Results: Net profit rises 9% to Rs 329 crore
JSW Infrastructure on Friday reported 9 per cent increase in consolidated net profit to Rs 329 crore for the fourth quarter ended March 2024. The company had clocked a profit of Rs 302.26 crore in the corresponding period of the previous fiscal, it said in a BSE filing.
4 equity mutual funds offered over 30% returns in 3 & 5 years
Around 185 equity schemes have completed five years in the market.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
8 defence stocks beat benchmark by wide margin, soar up to 267% in a year
From the pack Zen Technologies, and Mazagon Dock Shipbuilders have soared over 200%
Early filing can help taxpayers get refunds sooner. Additionally, it gives them more time to revise or correct returns without penalty, say experts.
Forex reserves drop $2.41 bn to $637.92 bn
India's forex reserves dropped $2.412 billion to $637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined $2.28 billion to $640.33 billion. For the week ended April 5, the reserves had hit an all-time high of $648.562 billion following multiple weeks of increases.
Beer battles election blues, gin toasts summer gains
The scorching summer notwithstanding, beer sales may falter this year due to election-related curbs. Gin, meanwhile, might just seize the spotlight
Sebi announces new rules for onboarding of clients by portfolio managers an explainer
Before onboarding, a portfolio manager and the client will enter into a written agreement that clearly defines the relationship and sets out their mutual rights.
Trent, Oberoi Realty among 5 stocks with top long unwinding
In Friday's trading session, five stocks witnessed a top long unwinding.
Tin prices may rule higher this year on concerns over supplies
Myanmar Man Maw mine yet to resume operations despite lifting of ban, Indonesia exports face disruptions
Axis Nifty Bank Index Fund opens for subscription. Key things to know
Sensex tumbles 733 points amid broad-based selloff
From the Sensex basket, Larsen and Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.
Govt plans new pricing norms for medical device industry
Specific regulations for the medical device industry will streamline the approval process, enabling manufacturers to secure clinical trial approvals and sales licences in a short period
Ashok Leyland, Lupin among 5 stocks with top short covering
Short covering signals a shift in view on a security from extreme bearishness to bullishness.
FM Sitharaman refutes reports of income tax changes after Lok Sabha election results
Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results.
Renewable energy accounted for 71% of Indias power generation capacity addition in FY24: Report
Latest edition of the CEEW-CEF Market Handbook, says share of coal and lignite in Indias total installed capacity fell below 50% for the first time.
Gainers & Losers: MRF, Coforge among top 7 stocks that hogged limelight on Friday
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DMart Q4 Preview: Profit may rise 23% YoY; margins to expand
An average of four brokerages expect the net profit for the January-March period to grow 23% year-on-year. Revenue for the period may also jump 20% year-on-year.
Titan board declares dividend of Rs 11 per share
The consolidated total income for the reporting quarter stood at Rs 11,472 crore, a jump of 21.8% over Rs 9,419 crore reported in the year-ago period.
Sudeep Shah of SBI Securities analyzes Alembic Pharma and Coal India breakouts, India VIX rise, and Bank Nifty performance. He suggests trading strategies amidst market uncertainties and stock-specific trends.
Sensex sheds 733 pts, Nifty settles below 22,300 on profit taking
The benchmarks added about 0.25% each this week, their second consecutive weekly rise
Titan Q4 Results: Net profit rises 7% YoY to Rs 786 crore, meets estimates
Titan Q4 Results: Net sales in the January-March 2024 period increased 17% YoY to Rs 10,047 crore, compared with Rs 8,553 crore in the same period last year. The Board has also approved the reappointment of CK Venkataraman as the MD of the company for a further period with effect from October 2024 up to December 2025.
Sensex, Nifty: Bears make stock market comeback! Why are investors jittery?
Share market: Friday's market fall came ahead of the release of the US non-farm payroll data. Investors booked profit and there was a degree of caution, said Vinod Nair, Head of Research, Geojit Financial Services.
Adani Green Energy Q4 earnings: Net profit falls 39%, revenue at Rs 2,806 crore
Adani Green Energy Q4 earnings: Net profit slipped to Rs 310 crore in the last quarter against Rs 507 crore in the March 2023 quarter.
8 stocks in Rekha Rakesh Jhunjhunwala's portfolio surge over 30% in CY24
Rane Brake Lining stock gains 20% on Q4 results
On Fridays trade, the companys stock closed at 1,021.40
Suzlon Energy shares are down 91% from record high; here are fresh price targets
Multibagger stock: Suzlon Energy stock was trading at Rs 41.50 in the current session, losing 90.97% from its all-time high on BSE. However, Suzlon Energy stock has delivered multibagger returns in a period of one year and beyond.
Rane Brake Lining Q4 Results: PAT jumps 28% YoY to Rs 15.4 crore
Total revenue generated during the January-March 2024 quarter grew by 12.6 per cent to Rs 186.7 crore, as compared to Rs 165.8 crore registered in the same period last year.
Go Fashion stock hits 52-week low
The stock was down by 1.27per centon the NSE at 1,044.80
Freshworks acquires Device42 for $230 million to boost capabilities in advanced IT asset management
With this acquisition, we will be able to provide advanced asset discovery and application dependency mapping across data center and cloud environments -Girish Mathrubootham, Founder, Freshworks
CEAT stock tanks after Q4 results
The stock was down by 2.99% at 2,544 3.08 per cent at 2,541.70.
SBI, Tata Steel among 6 Nifty50 stocks that touch new 52-week highs on Friday
After opening higher and Nifty scaling a new record, Indian equity indices declined later on Friday.
Adani Groups profit drops 11% in March quarter; heres what analysts say on Adani stocks
Dip in performance of Adani Enterprises, Adani Green Energy, Adani Power and Adani Energy Solutions weighed on the overall numbers
Blue Star's Vir Advani discusses strong Q4 performance, market growth outlook, revenue milestones, and technological advancements. Anticipates continued demand revival, capacity expansion, and industry growth with a focus on innovation and efficiency improvements.
Reliance, TCS, HDFC Bank: Investors lose Rs 1.10 lk cr mcap amid Sensex, Nifty selloff
BSE Sensex tumbled more than 1,625 points from its day's high at 75,095.18 to 73,467.73, while NSE's Nifty50 crashed nearly 450 points to 22,348.05, from its day's high at 22,794.70.
