PORTFOLIO
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets closed higher on Monday despite concerns over slower GDP growth, driven by mixed global trends. The Nifty index remains above 23,870, with resistance around 24,400-24,500. Foreign investors were net sellers, while domestic investors were net buyers. The rupee hit an all-time low of 84.72 against the US dollar.
Holiday season likely to cool pace of FPI sales in December
Mumbai stock markets could see relief in December as foreign selling may subside. Analysts keep caution due to ongoing economic uncertainty and inflation worries. Domestic investors continue purchasing, offering some market support. The Reserve Bank considers measures to boost growth while maintaining inflation control. Agriculture growth and a good monsoon may help manage food prices.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets saw a significant rebound, closing with a second consecutive week of gains. However, the weak Q2 GDP data of 5.4%, lower than the expected 6.5%, is likely to impact investor sentiment. Global cues, geo-political developments, and FII activity remain crucial for market direction.
Ashish Kacholia's portfolio drops 12% since September quarter; adds 7 new stocks in Q2
Ashish Kacholia's portfolio saw a 12% correction since September 2024. He added seven new stocks, with E2E Networks and Aimtron Electronics showing significant gains, while others like Advait Infratech faced losses.
Goldman Sachs downgrades CreditAccess Grameen to sell, stock down 12%
CreditAccess Grameen shares fell 11.8% after Goldman Sachs downgraded the stock, citing asset quality stress and risks related to over-leveraged borrowers. The target price was slashed by 60% to Rs 564.
Dalal Street rally hits pause on US inflation numbers
The NSE Nifty fell 360.75 points to close at 23,914.15. The BSE Sensex plunged 1,190.34 points to close at 79,043.74. Both indices had gained 1.5% in the last five trading sessions.
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Prabhudas Lilladher cuts Nifty target to 27,381, suggests buying on dips for long-term gains
The domestic brokerage values the Nifty at its 15-year average P/E ratio of 19.1x, using a September 2026 EPS estimate of 1,434, to derive a 12-month target of 27,381 (revised from 27,867). In a bullish scenario, the Nifty is valued at a P/E of 20.1x, resulting in a revised bull case target of 28,750, down from the earlier 29,260.
NALCO among 11 stocks to trade ex-dividend tomorrow. Last chance to buy for eligibility
Eleven companies, including National Aluminium (NALCO), will trade ex-dividend on Thursday, November 29th. This is the last day to buy shares and be eligible for the announced dividends. Investors must purchase shares before the ex-date to qualify for payouts. These dividends range from Rs 0.2 to Rs 35 per share.
As Indian markets remain expensive, investors can allocate 15% to US equities
"Investors should look at the US market for portfolio diversification. An ideal balanced or moderate investor should look at a portfolio allocation of 50:50 equity and debt and within the equity allocation have 30% equity in US stocks (15% overall)," said Ashish Ranawade, head of products at Emkay Wealth Management.
Marriage made in heaven! How Rekha met Rakesh Jhunjhunwala
Rakesh Jhunjhunwala¡¯s remarkable rise from Rs 5,000 to a fortune of Rs 40,000 crore is epitomized by Rare Enterprises, founded with his life partner, Rekha. Their partnership was sealed by fate after a serendipitous meeting.
Kotak Mahindra Bank shares in focus after CCI approves Rs 4,100 crore loan book deal with Standard Chartered
Kotak Mahindra Bank shares will be closely watched on Wednesday following the Competition Commission of India (CCI) approval for its acquisition of Standard Chartered Bank India's personal loan portfolio for Rs 4,100 crore. The CCI confirmed the approval of the deal, which involves Kotak acquiring Standard Chartered's unsecured personal loans portfolio in India.
Prabhudas Lilladher cuts Nifty target to 27,381; reduces weight on RIL, three other stocks in its model portfolio
The revision reflects macroeconomic challenges such as persistent inflation, weak urban demand, and revised EPS projections for FY25¨C27, according to the brokerage.
From breakdown to breakout: Nifty bulls flip the script above 200-DEMA
Nifty staged a strong comeback this week, surging past the 200-day moving average and trapping bearish sellers. The index found support at its 50-week moving average, forming a bullish hammer pattern. While facing resistance at 24,000, positive sentiment prevails with increased FPI long positions and declining open interest. A sustained move above 24,000 could propel Nifty towards 24,500¨C24,700.
VST Industries shares jump 4% on sale of immovable property for Rs 101 crore
VST Industries, a company partially owned by Radhakishan Damani, saw its shares rise 4% after announcing the sale of its Hyderabad property for ?101.7 crore. The buyer is not affiliated with the promoter or promoter group. Despite the recent surge, the stock has experienced declines over the past six months.
FPIs net sell domestic equities worth Rs 26,533 crore in November so far
In October, FPIs sold shares worth Rs 94,017 crore after a September purchase, where FPIs bought domestic equities worth Rs 57,724 crore. While in August, they had purchased shares worth Rs 7,322 crore which was down month-on-month from July when the total buying figures stood at Rs 32,359 crore.
FPIs sell big in oil & gas and financial stocks, add IT
So far in November, foreign investors sold shares worth ?25,254.6 crore. This comes after foreign outflows hit a record high of ?1.04 lakh crore in October following a rebound in Chinese markets and a disappointing corporate earnings season
GQG Partners rebounds over 15%; co announces share buyback
GQG Partners, a significant investor in Adani Group stocks, saw its share price rebound after a sharp drop following US fraud charges against Adani executives. GQG is reviewing the charges but emphasized that most of its clients' assets are not invested in Adani Group companies.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian benchmark indices fell sharply on Thursday, dragged down by the Adani Group stocks. The Nifty breached the 23,350 level and is heading towards 23,180. The 20-day moving average at 23,500 is an immediate hurdle. The overall market sentiment remains weak.
LIC's Adani portfolio declines by Rs 8,683 crore in one day amid sell-off
LIC, holding stakes in seven Adani Group companies, saw an Rs 8,683 crore erosion in its holdings on Thursday due to the Adani Group's stock price decline following the US bribery allegations. Adani Enterprises suffered the most, with a Rs 2,962 crore loss in LIC's holdings. Adani Ports followed with a Rs 2,959 crore loss.
Adani bull GQG caught in cross-firing as shares crash 26%, may review portfolio
GQG Partners Share Price: GQG Partners, an investment firm that heavily invested in Adani stocks, is reviewing its portfolio following U.S. prosecutors indicting Gautam Adani and others on bribery charges. GQG's shares plummeted 26% after the news, while Adani Group stocks fell by up to 20% in India.
Affluent investors too feel the pinch as markets turn wobbly from lofty highs
??According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala's family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.
India¡¯s earnings growth to slow to 12-14% CAGR by FY26, Motilal Oswal Private Wealth warns of volatility
Motilal Oswal stated that India¡¯s long-term equity outlook remains strong, supported by corporate deleveraging and robust earnings. However, the firm advised investors to moderate their near-term return expectations. "The era of easy returns is over," the report warned, emphasizing the need for disciplined investment strategies to navigate the changing market environment.
Brokerages tweak model portfolios on lackluster Q2 earnings, list top stocks to buy
Motilal¡¯s top large-cap picks include HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), HCL Technologies, Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), Power Grid Corporation, Titan Company, Trent, and Mankind Pharma
Tata Group backed IHCL's shares jump 3%, hit 52-week high. Here's why
Indian Hotels Company (IHCL) shares hit a 52-week high after the company revealed its 'Accelerate 2030 strategy'. The plan aims to double consolidated revenue to Rs 15,000 crore by expanding its portfolio to over 700 hotels across new and existing brands. This ambitious growth strategy is backed by India's strong economic outlook and booming tourism sector.
Emerging India Focus Funds settles FPIs violation case with Sebi; pays Rs 64.35 lakh
The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant and issued a showcause notice in February for the alleged violations of FPI Regulations and Intermediaries Regulations.
Rupee holds ground; cenbank intervention counters outflows, dip in Asia FX
The Indian rupee ended nearly unchanged on Monday, supported by the central bank's market intervention as portfolio outflows and a decline in most Asian currencies weighed on the local unit.
Goldman Sachs downgrades Hong Kong stocks to underweight
Goldman Sachs analysts downgraded their recommendation on the Hong Kong stock market, stating that while valuations are currently low, the market is unlikely to see significant growth due to economic pressures and a shift in China's policy focus towards its domestic economy.
FPIs reduce pace of selling in Indian equities in two weeks of November
Foreign Portfolio Investors (FPIs) continued selling off Indian equities in the second week of November, although at a slower pace than the previous week and month. Despite this trend, FPIs increased their investments in the Indian primary market. Meanwhile, domestic funds continued pouring money into the equity market.
FPIs pull out Rs 22,400 crore so far in November, selling pressure continues
FPIs have continued their bearish stance on Indian markets in November, pulling out Rs 22,420 crore. While they sold Rs 32,351 crore in the secondary market, they invested Rs 9,931 crore in the primary market. FPIs have also turned cautious on Indian debt markets, with outflows reaching Rs 4,717 crore.
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