#RIL share price

[banglakhobor]

এনএসই-তে রেকর্ড, সর্বকালের সর্বোচ্চ দরে বন্ধ হল রিলায়েন্সের শেয়ার!

নয়াদিল্লি: পণ্য এবং পরিষেবার প্রশ্নে কোনও দিন এই দেশকে নিরাশ করেনি মুকেশ আম্বানির রিলায়েন্স ইন্ডাস্ট্রিজ লিমিটেড। সুলভ মূল্যে সর্বোৎকৃষ্ট সামগ্রী তথা পরিষেবা তারা দেশবাসীর হাতে তুলে দিতে বদ্ধপরিকর, প্রযুক্তি থেকে দৈনন্দিন জীবনের প্রয়োজনে, বিলাসে সর্বত্র ব্যাপ্ত এই প্রতিষ্ঠানের অবদান। আর তারই পরিণামে শেয়ার বাজারেও সেরার সেরা নজির গড়ল রিলায়েন্স ইন্ডাস্ট্রিজ লিমিটেড। সংস্থার মসৃণ বাণিজ্যনীতি ভরসার…

[cmpmobile]

Why Reliance Industries Shares Dropped 2% Today: Analyzing Market Trends

Reliance Industries Shares Fall After Block Deal Shares of Reliance Industries (RIL) owned by Mukesh Ambani fell by 2% today on the BSE. They reached an intraday low of Rs 1,278.70. This decline follows a block deal involving 11.9 lakh equity shares of the company. The details of the deal are not yet publicly available. This includes the parties involved in the transaction and the price at which…

[sharemarketinsider]

Reliance News: Does RIL share price Really fall 50% down Today?

[hindustanmorning]

Reliance share price: Is it wise to purchase RIL stock before Monday's Q2 results 2024

Reliance share price: Reliance Industries Ltd. (RIL) shares will be the subject of attention on Monday since the board of the business has scheduled a meeting for October 14, 2024, to review and approve the standalone Q2 results of the Sensex heavyweight. The company, which is owned by Mukesh Ambani, has already notified the Indian stock exchanges of the date of its board meeting in order to…

[akshat-kapoor]

Reliance Share Price: A Comprehensive Overview

Reliance Industries Limited (RIL) is one of India's most valuable and influential companies, with a diverse business portfolio spanning petrochemicals, refining, oil & gas exploration, retail, and digital services. As a result, the Reliance share price is closely watched by investors, analysts, and market participants both in India and globally. In this article, we delve into the key factors influencing the share price of Reliance Industries and what investors should consider when monitoring this stock.

1. Historical Performance

Reliance Industries has been a consistent performer in the Indian stock market, reflecting the company’s strong financial health and diversified business model. The stock has seen significant appreciation over the years, driven by growth in its core businesses and successful expansion into new sectors such as telecommunications and retail.

2. Key Drivers of Reliance Share Price

Business Diversification: Reliance’s ability to diversify its revenue streams has been a major factor in its stock price performance. The launch of Jio, its telecommunications arm, revolutionized the Indian telecom industry and provided a significant boost to the company's earnings.

Earnings Reports: Quarterly earnings reports play a critical role in determining the short-term movements in the Reliance share price. Strong earnings, driven by growth in core businesses or new ventures, generally lead to an uptick in share price.

Market Sentiment: Market sentiment towards the Indian economy and specific sectors like oil & gas, retail, and telecommunications also impacts Reliance’s share price. Positive sentiment can drive the stock higher, while negative sentiment may weigh it down.

Global Oil Prices: As a major player in the refining and petrochemical sectors, Reliance’s share price is sensitive to fluctuations in global oil prices. Higher oil prices can boost the profitability of its refining business, while lower prices may impact margins.

Regulatory Changes: Changes in government regulations, particularly in sectors like telecommunications and energy, can have a direct impact on Reliance’s operations and, consequently, its share price.

3. Recent Trends

In recent months, the Reliance share price has shown resilience despite global economic uncertainties. The company’s focus on reducing debt and enhancing shareholder value through strategic investments has been well-received by the market. Additionally, the growth prospects of its digital services and retail ventures continue to attract investor interest.

4. Investor Outlook

Investors looking at Reliance Industries should consider the company's long-term growth potential, driven by its diversified business model and strategic initiatives. While short-term fluctuations in the Reliance share price may occur due to market volatility or external factors, the overall outlook for the stock remains positive, particularly as the company continues to expand its digital and retail footprint.

Conclusion

The Reliance share price is a barometer of the company’s performance and the broader economic environment in India. Investors should keep a close eye on the key factors discussed above to make informed decisions. With its strong fundamentals and growth-oriented strategy, Reliance Industries remains a significant player in the Indian stock market, making its share price an important metric for investors to monitor.

[comparebroker-online]

Unveiling the Best Performing Large Cap Stocks in India for 2024

Introduction

In the dynamic world of investments, large cap stocks hold a prominent position due to their stability and potential for growth. As we navigate through 2024, understanding the landscape of large cap stocks in India becomes crucial for investors looking to build a resilient portfolio. This article aims to provide a comprehensive guide to the best performing large cap stocks in India for 2024, highlighting their benefits, risks, and strategic insights for potential investors.

Understanding Large Cap Stocks

Large cap stocks are characterized by their substantial market capitalization, typically exceeding Rs. 20,000 crore. These companies are leaders in their industries, known for their established business models, strong market presence, and significant operational scale. Investors often turn to large cap stocks for their stability and lower volatility compared to mid-cap or small cap stocks.

Benefits of Investing in Large Cap Stocks

Investing in large cap stocks offers several compelling advantages:

Stability and Predictability: Large cap companies tend to have stable revenue streams and established market positions, reducing the volatility of their stock prices.

Dividend Income: Many large cap stocks distribute regular dividends, providing investors with a consistent income stream.

Liquidity: Large cap stocks are generally more liquid, allowing investors to buy or sell shares without significantly impacting market prices.

Risks Associated with Large Cap Stocks

While large cap stocks are considered safer investments, they are not immune to risks:

Market Risk: Economic downturns or adverse market conditions can impact even the largest companies, affecting their stock prices.

Sector-specific Risks: Industries that large cap companies operate in may face challenges such as regulatory changes, technological disruptions, or shifts in consumer preferences.

Company-specific Risks: Issues related to management decisions, corporate governance, or legal matters can affect individual large cap stocks.

Factors Influencing Large Cap Stocks in 2024

Several factors play a crucial role in influencing the performance of large cap stocks in 2024:

Economic Conditions: Factors like GDP growth, inflation rates, and fiscal policies can impact consumer spending and corporate profitability.

Sectoral Performance: Industry-specific trends, technological advancements, and global market dynamics affect the growth prospects of large cap companies.

Global Market Trends: Geopolitical events, trade policies, and international market sentiments influence large cap stocks with global operations.

Top Performing Large Cap Stocks in India for 2024

Identifying potential top performers among large cap stocks involves analyzing various criteria such as financial strength, growth prospects, and market sentiment. Here are some of the top contenders for 2024:

Reliance Industries Limited (RIL) - A conglomerate with interests in energy, petrochemicals, retail, and digital services, known for its scale and strategic investments.

HDFC Bank - India's largest private sector bank, recognized for its robust financial performance, extensive branch network, and customer-centric approach.

Tata Consultancy Services (TCS) - A global IT services, consulting, and business solutions leader, renowned for its innovation, client partnerships, and digital transformation capabilities.

Hindustan Unilever Limited (HUL) - India's largest FMCG company, offering a diverse portfolio of household and personal care products, known for its strong brand equity and distribution network.

Infosys - A global leader in next-generation digital services and consulting, valued for its focus on innovation, client-centric approach, and strong financial performance.

Strategies for Investing in Large Cap Stocks

To capitalize on the potential of large cap stocks while managing risks, consider the following strategies:

Diversification: Spread investments across multiple large cap stocks to reduce concentration risk and capture opportunities across different sectors.

Long-Term Perspective: Adopt a buy-and-hold strategy to benefit from the compounding effect and capitalize on the long-term growth potential of large cap companies.

Fundamental Analysis: Conduct thorough research on financial statements, management quality, competitive positioning, and growth prospects before making investment decisions.

Conclusion

Investing in large cap stocks in India can be a prudent strategy for investors seeking stability, growth, and dividend income. While large cap stocks offer resilience against market volatility, it's essential to consider economic conditions, sectoral trends, and company-specific factors. By understanding the benefits, risks, and influencing factors, investors can make informed decisions to build a robust portfolio aligned with their financial goals for 2024 and beyond.

[vvstockzone]

Reliance Share Price Reach Lifetime High For Second Day In A Row

Reliance Industries (RIL) share price continued its record-breaking rally for the second consecutive day on Wednesday, hitting a fresh all-time high of Rs 2,724.95 on the BSE.

[quick-news]

Mahadev App Case: Hawala operator Hari Shankar Tibrewala enters the Indian markets hall of infamy

The Dubai-based hawala operator is wanted by ED for allegedly manipulating the stocks of over two dozen small-cap companies whose shares have fallen steeply over the last few months.

Hari Shankar Tibrewala, a shadowy Dubai-based hawala operator, is the latest to join a long list of individuals whose actions have led to seismic movements in the Indian stock market. Tibrewala is alleged to have manipulated stocks of over two dozen small-cap companies whose shares have fallen steeply over the last few months. While the man now has the directorate of enforcement (ED) on his tail for operating money laundering networks that funnel funds into the Indian markets, investors have already lost hundreds of crores.

This latest instance of market manipulation shows despite the best efforts of regulators, markets remain vulnerable to finagling by unscrupulous individuals. It is a trend that has continued uninterrupted for over 150 years.

Possibly, the first-known instance of one man playing an outsized role in a market collapse in the country dates back to 1863 when Premchund Roychand, often referred to as the Bullion King and Cotton King of the time, triggered a massive 80 percent fall in the Indian markets over a period of months. Roychand, who was instrumental in setting up the Native Share and Stock Brokers Association (today’s Bombay Stock Exchange) back in 1875, was no scamster.

However, he did exploit the huge demand for cotton from India created by the American Civil War of 1861 to trade cotton futures using investors’ money. All was well until the end of the civil war in 1865 when the bubble burst and dozens of brokers and investors who had followed his lead went bankrupt while the Chartered Presidency Bank of Bombay and the Asiatic Banking Corporation collapsed.

Over the years, other minor scams kept hitting the Indian market at regular intervals, but till the early 1980s, volumes were low, which meant that the falls didn’t really impact most people. A rare occasion when a market activity grabbed the attention of the nation was in 1982 when a bear cartel based in Bengal and led by Manu Manek, who was so powerful at the time that he was nicknamed Black Cobra, took on the rising star of Indian business, Dhirubhai Ambani.

At that stage, the markets followed a 14-day settlement period, which allowed bears like Manek to short lakhs of shares of RIL. As a consequence, its share price dropped nearly 10 percent in just a matter of hours. Typically, shortsellers make their money on such falls in a stock’s price, and Manek carried out the manoeuvre successfully with many other companies. But in Dhirubhai, he met his match.

The RIL founder rallied his friends and family to pick up the company’s shares from the open market, sending its price surging. When the day of reckoning arrived, and the bear cartel had to produce the shares that had been bought, they didn’t have the shares. In the resultant chaos, the BSE was shut down for three days until the bear cartel accepted defeat.

The first true stock market scamster in India was the notorious Harshad Mehta, whose handiwork led to a 13 percent plunge in the Sensex. Ironically, a decade later, Ketan Parekh, a protege of Mehta, engineered his very own “pump and dump” scheme that entailed driving up the stocks of handpicked companies (dubbed K10 stocks) using money borrowed from banks and other financial institutions. But proving the old adage that greed may be good but too much of it is disastrous, his machinations too came to nought as the scam unravelled.

In between, the market was rocked by yet another massive scam in 1996 involving crores of rupees thanks to the handiwork of Chain Roop Bhansali, whose Ponzi scheme is considered one of the biggest mutual fund frauds in India.

In this gallery of dodgy operators, honourable mention must be made of Chitra Ramkrishna and the mysterious Himalayan Yogi, who are associated with what is called the NSE Colocation scam in 2015. There was also Roopalben Panchal, who, along with her associates, used several thousands of bank and demat accounts to corner shares reserved for retail investors in several IPOs in the period 2003-2005.

Of course, none of these people who rocked Indian markets can hold a candle to the notorious Bernard Lawrence Madoff, who masterminded the largest known Ponzi scheme in US markets, worth an estimated $65 billion. Madoff, incidentally, was at one-time chairman of the Nasdaq stock exchange!

[tradevalue]

Mahadev App Case: Hawala operator Hari Shankar Tibrewala enters the Indian markets hall of infamy

The Dubai-based hawala operator is wanted by ED for allegedly manipulating the stocks of over two dozen small-cap companies whose shares have fallen steeply over the last few months.

Hari Shankar Tibrewala, a shadowy Dubai-based hawala operator, is the latest to join a long list of individuals whose actions have led to seismic movements in the Indian stock market. Tibrewala is alleged to have manipulated stocks of over two dozen small-cap companies whose shares have fallen steeply over the last few months. While the man now has the directorate of enforcement (ED) on his tail for operating money laundering networks that funnel funds into the Indian markets, investors have already lost hundreds of crores.

This latest instance of market manipulation shows despite the best efforts of regulators, markets remain vulnerable to finagling by unscrupulous individuals. It is a trend that has continued uninterrupted for over 150 years.

Possibly, the first-known instance of one man playing an outsized role in a market collapse in the country dates back to 1863 when Premchund Roychand, often referred to as the Bullion King and Cotton King of the time, triggered a massive 80 percent fall in the Indian markets over a period of months. Roychand, who was instrumental in setting up the Native Share and Stock Brokers Association (today’s Bombay Stock Exchange) back in 1875, was no scamster.

However, he did exploit the huge demand for cotton from India created by the American Civil War of 1861 to trade cotton futures using investors’ money. All was well until the end of the civil war in 1865 when the bubble burst and dozens of brokers and investors who had followed his lead went bankrupt while the Chartered Presidency Bank of Bombay and the Asiatic Banking Corporation collapsed.

Over the years, other minor scams kept hitting the Indian market at regular intervals, but till the early 1980s, volumes were low, which meant that the falls didn’t really impact most people. A rare occasion when a market activity grabbed the attention of the nation was in 1982 when a bear cartel based in Bengal and led by Manu Manek, who was so powerful at the time that he was nicknamed Black Cobra, took on the rising star of Indian business, Dhirubhai Ambani.

At that stage, the markets followed a 14-day settlement period, which allowed bears like Manek to short lakhs of shares of RIL. As a consequence, its share price dropped nearly 10 percent in just a matter of hours. Typically, shortsellers make their money on such falls in a stock’s price, and Manek carried out the manoeuvre successfully with many other companies. But in Dhirubhai, he met his match.

The RIL founder rallied his friends and family to pick up the company’s shares from the open market, sending its price surging. When the day of reckoning arrived, and the bear cartel had to produce the shares that had been bought, they didn’t have the shares. In the resultant chaos, the BSE was shut down for three days until the bear cartel accepted defeat.

The first true stock market scamster in India was the notorious Harshad Mehta, whose handiwork led to a 13 percent plunge in the Sensex. Ironically, a decade later, Ketan Parekh, a protege of Mehta, engineered his very own “pump and dump” scheme that entailed driving up the stocks of handpicked companies (dubbed K10 stocks) using money borrowed from banks and other financial institutions. But proving the old adage that greed may be good but too much of it is disastrous, his machinations too came to nought as the scam unravelled.

In between, the market was rocked by yet another massive scam in 1996 involving crores of rupees thanks to the handiwork of Chain Roop Bhansali, whose Ponzi scheme is considered one of the biggest mutual fund frauds in India.

In this gallery of dodgy operators, honourable mention must be made of Chitra Ramkrishna and the mysterious Himalayan Yogi, who are associated with what is called the NSE Colocation scam in 2015. There was also Roopalben Panchal, who, along with her associates, used several thousands of bank and demat accounts to corner shares reserved for retail investors in several IPOs in the period 2003-2005.

Of course, none of these people who rocked Indian markets can hold a candle to the notorious Bernard Lawrence Madoff, who masterminded the largest known Ponzi scheme in US markets, worth an estimated $65 billion. Madoff, incidentally, was at one-time chairman of the Nasdaq stock exchange!

[freddiemark]

Unraveling the Tapestry of Reliance Retail Share Price: Latest News and Updates

In the bustling arena of financial markets, where every tick of the clock heralds a new opportunity, staying abreast of the latest developments is paramount for investors. Among the myriad of companies that capture the attention of market participants, Reliance Retail Ventures Limited stands out as a formidable player in the retail landscape. In this article, we delve into the latest news and updates surrounding Reliance Retail share price, dissecting the factors shaping its trajectory and providing insights into what the future may hold for investors.

Understanding Reliance Retail Ventures Limited: A Brief Overview

Before delving into the intricacies of Reliance Retail share price, it's essential to grasp the company's background and its significance in the market. Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited (RIL), is India's largest organized retail player, with a diverse portfolio spanning multiple sectors including grocery, fashion, electronics, and digital services.

Founded by Mukesh Ambani, the chairman and managing director of RIL, Reliance Retail has redefined the retail landscape in India through its innovative business models, robust supply chain infrastructure, and customer-centric approach. With a widespread presence across urban and rural markets, Reliance Retail caters to the diverse needs of millions of consumers, offering a seamless shopping experience through its offline and online channels.

Factors Influencing Reliance Retail's Share Price

Several factors contribute to the fluctuations in Reliance Retail share price, reflecting the intricate interplay of internal dynamics and external market forces. Understanding these factors is crucial for investors seeking to decipher the rationale behind the stock's movements and make informed decisions.

1. Financial Performance: Reliance Retail's financial performance serves as a key driver of its share price. Investors closely monitor metrics such as revenue growth, profit margins, and same-store sales to gauge the company's operational efficiency and growth prospects. Positive earnings reports often translate into upward momentum in the stock price, while disappointing results may lead to corrections.

2. Expansion and Growth Strategy: Reliance Retail's expansion and growth strategy play a pivotal role in shaping investor sentiment. The company's ambitious plans to scale up its retail footprint, enter new markets, and diversify its product offerings are closely tracked by investors as indicators of future revenue growth and market dominance.

3. Strategic Partnerships and Acquisitions: Reliance Retail's strategic partnerships and acquisitions are closely scrutinized by investors for their potential to create synergies and unlock value. Collaborations with global brands, tie-ups with technology companies, and acquisitions of established players in the retail ecosystem can significantly impact the company's market positioning and Reliance Retail share price performance.

4. Digital Transformation Initiatives: Reliance Retail's foray into digital commerce and technology-driven initiatives is a key focus area for investors. The company's efforts to leverage data analytics, artificial intelligence, and e-commerce platforms to enhance customer engagement and drive online sales growth are viewed as critical factors in shaping its future competitiveness and share price trajectory.

5. Regulatory Environment and Policy Changes: Regulatory developments and policy changes in the retail sector can have a profound impact on Reliance Retail's business operations and growth prospects. Changes in foreign direct investment (FDI) regulations, taxation policies, and e-commerce regulations may create opportunities or challenges for the company, influencing investor sentiment and share price dynamics.

Recent Developments and News Impacting Reliance Retail's Share Price

As of the latest updates, several developments have influenced Reliance Retail share price, reflecting the company's response to evolving market trends and strategic imperatives. Here are some notable news items and events shaping investor sentiment:

1. Expansion into New Verticals: Reliance Retail has been actively expanding its presence in new verticals such as fashion, electronics, and digital services. The launch of exclusive partnerships with leading global brands, expansion of its omni-channel retail ecosystem, and investments in digital platforms have garnered investor attention and contributed to positive sentiment towards the stock.

2. Strategic Investments and Acquisitions: Reliance Retail has made strategic investments and acquisitions to strengthen its market position and enhance its capabilities. Notable acquisitions include the purchase of Future Group's retail assets and investments in emerging digital commerce startups. These moves are seen as strategic steps to consolidate the company's leadership position in the retail sector and drive future growth.

3. Digital Transformation and E-commerce Initiatives: Reliance Retail's focus on digital transformation and e-commerce initiatives has been met with enthusiasm by investors. The integration of JioMart, the company's online grocery platform, with its extensive offline retail network has positioned Reliance Retail as a formidable player in the rapidly growing e-commerce market, fueling optimism about its future growth prospects.

4. Financial Performance and Earnings Outlook: Reliance Retail's financial results for the latest quarter have surpassed market expectations, with strong revenue growth and improved profitability. The company's ability to sustain this momentum and capitalize on emerging opportunities in the retail sector has bolstered investor confidence and contributed to positive sentiment towards the stock.

5. Market Sentiment and Analyst Recommendations: Analyst reports and market sentiment surveys have provided insights into investor sentiment towards Reliance Retail's stock. Positive analyst recommendations, favorable outlooks, and bullish sentiment have contributed to upward pressure on the share price, reflecting confidence in the company's growth trajectory and strategic initiatives.

Looking Ahead: Prospects and Challenges

While Reliance Retail enjoys a dominant position in the Indian retail landscape, it faces a set of challenges and opportunities as it charts its course for future growth. Key factors that will influence Reliance Retail share price include:

1. Market Leadership and Competitive Positioning: Reliance Retail's ability to maintain its market leadership position and fend off competition from domestic and international players will be critical for sustaining investor confidence and share price appreciation. Continuous investments in brand building, customer experience, and operational excellence are essential to retaining market share and driving growth.

2. E-commerce Penetration and Digital Innovation: Reliance Retail's success in capturing a larger share of the burgeoning e-commerce market will be instrumental in driving future revenue growth and shareholder value. The company's ability to leverage its digital capabilities, scale up its online platforms, and offer differentiated value propositions to consumers will be key determinants of its competitiveness and share price performance.

3. Regulatory Compliance and Policy Dynamics: Reliance Retail must navigate regulatory challenges and policy uncertainties in the retail sector effectively. Engaging with regulators, advocating for conducive policy frameworks, and ensuring compliance with regulatory requirements are essential to mitigating risks and maintaining investor confidence amidst evolving regulatory dynamics.

4. Consumer Demand and Spending Patterns: Reliance Retail's fortunes are closely tied to consumer demand and spending patterns, which are influenced by factors such as economic growth, income levels, and consumer sentiment. Monitoring shifts in consumer behavior, adapting to changing preferences, and offering relevant product offerings are crucial for driving footfall and sales growth, thereby supporting share price appreciation.

5. Global Economic Trends and Geopolitical Risks: Reliance Retail share price is susceptible to global economic trends and geopolitical risks that may impact commodity prices, currency exchange rates, and market sentiment. Monitoring macro-economic indicators, geopolitical developments, and global market trends is essential for assessing the broader economic context in which Reliance Retail operates and making informed investment decisions. In conclusion, Reliance Retail share price is influenced by a myriad of factors, including financial performance, strategic initiatives, regulatory environment, market sentiment, and global economic trends. By staying abreast of the latest news and developments surrounding the company, investors

[newstime-2]

Vaishali Parekh Stock Recommendations Today: Himatsingka Seide, Lemon Tree, Oberoi Realty

Vaishali Parekh, Vice President, the  Technical Research at Prabhudas Lilladher suggests the three stocks to buy. However, before knowing that let's have a look at the stock market Nifty 50 and Sensex.

What Are Three Vaishali Parekh Stock Recommendations Today?

Indian stock market achieved an all-time high value this Tuesday; the Nifty 50 index attained an all-time high value and set a new peak of 20,864 level. Sensex also touched a new lifetime high value of 69,381, and the Bank Nifty index claimed the peak with a value of 47,230. The market is increasing significantly, showing bullish nature, and growth of the companies. The small-cap index hit a new level at 41,317, whereas the mid-cap index reached a new peak of level with 35,216. The overall market is growing which means companies gained a lot of capital from the public which eventually increases the trade within or outside the country. The growth of the market also attracts foreign investors that ultimately provide more funds to them and the chance of expanding their limit increases. The market will keep moving forward as stated by Vaishali Parekh, Vice President and Technical Researcher at Prabhudas Lilladher, sharing tips to choose the shock, and suggesting the three stocks to buy. Vaishali Parekh, an expert at Prabhudas Lilladher, said that the market will climb to a new peak if there is buying in frontline stock of HDFC bank, ICICI bank, and Reliance Industries Limited. Parekh recommends three shares for intraday trading on Wednesday. Stick to the article to grab the details. Vaishali Parekh made a statement in the interview; she described the Nifty 50 attaining a new peak, she said that the Nifty 50 will cross the 20,850 zones if there is a trend of buying maintained in stocks like ICICI Bank, M&M, HDFC Bank, and RIL. She indicated that the market can touch the level of 21,000, and even can go ahead of this. Moreover, Bank Nifty can go further level of 47,000 zones to reach a new high level, and it probably can go to 48,200 if this continuation is maintained. Axis Bank has good inside potential from the current level. Vaishali shared the intraday tips, describing the price for Nifty today, which is 20,700 with resistance at 21000 level. Bank Nifty will fluctuate between the range of 46,700 and 47,500 levels. Suggested Three Stocks to Buy Vaishali Parekh suggested three stocks for intraday trading. The list of these stocks have been mentioned below:- - Himatsingka Seide: Buy at ₹171.20, stop loss ₹168, target ₹185,; - Lemon Tree: Buy at ₹118.65, stop loss ₹116, target ₹124; - Oberoi Realty: Buy at ₹1459, stop loss ₹1435, target ₹1610.

FAQs:-

What is Prabhudas Lilladher? Prabhudas Lilladher is a broker firm in India, offering services of advisory, investing, buying & selling of shares, Intraday, and more. You can visit www.pindia.com to learn better. Who is the current Vice President of Prabhudas Lilladher in 2023? Vaishali Parekh is a Vice President of Prabhudas Lilladher in 2023. Who is the owner of Prabhudas Lilladher? Amisha Vora is a co-owner of Prabhudas Lilladher, holding a 96% stake in the company. She is now the Chairperson and Managing Director of the company. Read the full article

[streetinvestment]

Nifty trades above 19,900 level; market breadth in favor of buyers.

Equity benchmarks hit fresh intraday high; auto shares in demand.

The domestic equity benchmarks extended their early gains and hit fresh intraday high in morning trade. The Nifty continued to hold above the 19,900 level. Auto stocks managed to edge higher for third day in a row.

The barometer index, the S&P BSE Sensex, was up 330.39 points or 0.50% to 66,929.30. The Nifty 50 index advanced 110.50 points or 0.56% to 19,930.45.

In the broader market, the S&P BSE Mid-Cap index rose 0.88% while the S&P BSE Small-Cap index added 0.77%.

The market breadth was strong. On the BSE, 2,243 shares rose and 1,213 shares fell. A total of 204 shares were unchanged.

Prime Minister Narendra Modi, in his role as the host of the G20 Summit, concluded the two-day event. Indian Prime Minister Narendra Modi and U.S. President Joe Biden pledged to deepen the partnership between both countries in their second bilateral meeting in less than six months.

New Listing:

Shares of Rishabh Instruments were currently trading at Rs 460.25 on the BSE, representing a premium of 4.37% as compared with the issue price of Rs 441.

The scrip was listed at Rs 460, exhibiting a premium of 4.31% to the issue price.

So far, the stock has hit a high of 469.65 and a low of 432.25. On the BSE, over 3.49 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Rishabh Instruments was subscribed 31.65 times. The issue opened for bidding on 30 August 2023 and it closed on 1 September 2023. The price band of the IPO was fixed at Rs 418-441 per share.

Shares of Ratnaveer Precision Engineering were currently trading at Rs 129.15 on the BSE, representing a premium of 31.79% as compared with the issue price of Rs 98.

The scrip was listed at Rs 128, exhibiting a premium of 30.61% to the issue price.

So far, the stock has hit a high of 134 and a low of 123. On the BSE, over 9.20 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Ratnaveer Precision Engineering was subscribed 93.99 times. The issue opened for bidding on 4 September 2023 and it closed on 6 September 2023. The price band of the IPO was fixed at Rs 93-98 per share.

Buzzing Index:

The Nifty Auto rose 0.97% to 16,258.45. The index has added 2.12% in three sessions.

Tube Investments of India (up 5.6%), Maruti Suzuki India (up 1.14%), Tata Motors (up 1%), Samvardhana Motherson International (up 0.7%) and Hero MotoCorp (up 0.61%) were the top gainers.

Among the other gainers were Balkrishna Industries (up 0.52%), Ashok Leyland (up 0.49%), MRF (up 0.38%), Mahindra & Mahindra (up 0.3%) and TVS Motor Company (up 0.3%).

On the other hand, Bosch (down 0.51%), Bharat Forge (down 0.34%) and Sona BLW Precision Forgings (down 0.24%) moved lower.

Stocks in Spotlight:

IRB Infrastructure Developers rallied 3.17%. The company’s gross toll collection jumped 24% to Rs 417 crore in August 2023 as compared with Rs 336 crore in August 2022.

Gateway Distriparks fell 1.21%. The company announced that its chief financial officer (CFO), Sandeep Kumar Shaw has tendered his resignation, effective from the close of business hours on 28 November 2023.

Reliance Industries (RIL) rose 0.53%. Jio Platforms on Friday 8 September 2023, announced its partnership with NVIDIA to develop a cloud-based AI compute infrastructure. This infrastructure aims to bolster India’s position in the field of artificial intelligence. The new AI cloud infrastructure will provide access to accelerated computing, high-speed networking, and secure cloud services to various individuals and organizations in India, such as researchers, developers, startups, scientists, and AI practitioners.

Adani Enterprises gained 1.71%. Adani Global Pte. Ltd., Singapore, a step down wholly owned subsidiary of the Company (AGPTE) has signed Joint Venture Agreement with Kowa Holdings Asia Pte. Ltd., Singapore (KOWA) on 8th September 2023. The agreement is for the sales and marketing of green ammonia, green hydrogen and its derivatives produced and supplied by Adani Group, in the agreed Territory.

Strides Pharma Science added 0.81%. The company said that its step-down wholly owned subsidiary, Strides Pharma Global has received approval for Sevelamer Carbonate for oral suspension USP, 0.8g and 2.4g, from the United States Food & Drug Administration (USFDA).

SJVN jumped 4.69%. The company said that its wholly owned subsidiary SJVN Green Energy (SGEL) has signed PPA with Bhakra Beas Management Board (BBMB) for 18 MW Solar Power.

Numbers to Watch:

The yield on India’s 10-year benchmark federal paper declined 0.15% to 7.188 from its previous close of 7.173.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 82.9200, compared with its close of 83.0275 during the previous trading session.

MCX Gold futures for 5 October 2023 settlement added 0.10% to Rs 58,955.

The US Dollar index (DXY), which tracks the greenback’s value against a basket of currencies, was down 0.36% to 104.72.

The United States 10-year bond yield rose 0.90% to 4.294.

In the commodities market, Brent crude for November 2023 settlement lost 14 cents or 0.15% to $90.51 a barrel.

Global Markets:

Asian stocks are trading mixed on Monday where key economic data from major economies will take center stage.

On Tuesday, India will release its inflation and industrial output figures for August, while China will announce its industrial output, retail sales, and most notably, house sale prices on Friday.

US stocks closed higher on Friday as Apple and other tech and growth stocks witnessed some buying after the recent fall due to China’s ban on iPhones for government employees.

[shahananasrin-blog]

[ad_1] NEW DELHI: After having demerged from incubator Reliance Industries (RIL) last month, shares of Mukesh Ambani’s Jio Financial Services or JFSL will list on stock exchanges BSE and NSE on Monday. Ahead of the listing, the shares of the digital-first NBFC were trading at around Rs 300 apiece in the grey market, higher than the pre-listing price of Rs 261.85.For the first 10 days, JFSL will trade in the T Group segment, which means that intraday trading won’t be possible in the stock and there will be a circuit limit of 5% either ways. This will restrict major moves in the stock, said Apurva Sheth of SAMCO Securities.“We expect that there could be some selling pressure as investors who would have bought the shares purely to benefit from demerger would like to book profits, if they get a higher price than their initial investment in RIL,” he told ETMarkets.As part of a special price discovery session held on the record date of July 20, the new stock's pre-listing price came out to be Rs 261.85 per share, which was much higher than the brokerage estimate of around Rs 190 and RIL's cost of acquisition of Rs 133.Shares of the NBFC were credited to demat accounts of eligible RIL shareholders last week in 1:1 ratio, which means that for every RIL share held as on the record date of July 20, shareholders got one share of JFSL.While some analysts are optimistic due to the strong demand for financial services in India and the company's robust parentage, others are more cautious. “Their reservations stem from the fact that Jio Financial is still in its nascent stages and hasn't yet achieved profitability,” said Sonam Srivastava, Founder and Fund Manager at Wright Research.She suggests that RIL shareholders who have acquired Jio Financial shares due to the demerger should consider retaining them for an extended period. “Jio Financial boasts a promising business model and is poised to leverage the escalating demand for financial services in India. However, potential investors should be aware that the stock might be somewhat illiquid at present, which could lead to short-term volatility,” the fund manager said.As the financial services industry already boasts of several established players, JFSL, which comes with a solid parentage, technology and financial backing, will still take its own time to set up businesses and make a dent on the competition. “Investors shouldn’t expect miracles in the short to medium term. Only investors who have a horizon beyond 5 years can consider holding on to the stock. Others are better off by exiting JFSL and entering a bank/NBFC with a fully functional business,” Seth said.The long-term outlook for Jio Financial Services Limited (JFSL) is bullish due to its focused transition to an independent financial entity with interests spread across consumer and merchant lending, asset management, insurance, payments and digital broking.JFSL has already announced a 50:50 joint venture entity with BlackRock to enter the mutual fund industry.“BlackRock's global fund management expertise combined with Jio's technical prowess and expanding clientele could reshape India's asset management industry, valued at Rs 44.3 trillion ($540.4 billion). Holding these stocks long-term could offer RIL shareholders an opportunity to benefit from the potential transformation of India's asset management landscape,” said Anirudh Garg, Partner & Head of Research at Invasset PMS. [ad_2]

[citizenrecord]

Markets extend correction from life-time peaks

Foreign fund outflows and crude oil prices hovering above USD 80 per barrel also weighed on equity markets.

MUMBAI: Equity benchmark indices declined in early trade on Monday, extending corrections from their life-time peaks for the second consecutive session, dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business.

Foreign fund outflows and crude oil prices hovering above USD 80 per barrel also weighed on equity markets as traders were awaiting the US Federal Reserve’s monetary policy decision to be announced this week.

The 30-share BSE Sensex declined 87.24 points or 0.13 to 66,597.02.

The broader NSE Nifty fell 10.65 points or 0.05 per cent to 19,734.35.

From the Sensex pack, Kotak Mahindra tanked more than 3 per cent and Reliance tumbled close to 2 per cent in the initial trade.

“RIL Q1 Results misses street estimates due to weak performance in oil-to-chemicals (O2C) business on account of a sharp reduction in crude oil prices and lower price realisation of downstream products,” said Prashanth Tapse, Sr VP Research analyst at Mehta equities Ltd.

JSW Steel, Tata Steel and Tech Mahindra were other laggards.

On the other hand, Mahindra & Mahindra and Larsen & Toubro gained more than 1 per cent.

IndusInd Bank, Axis Bank and Tata Motors were among other gainers.

Of the 30 stocks, 18 were trading in green while on the 50-stock index Nifty, 27 were in positive territory.

“The near-term market trend will be influenced by a host of factors like the recent Q1 results, some major results expected this week and policy decisions like the Fed meeting outcome on Wednesday,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said in his market outlook.

Vijayakumar further noted that the Fed is likely to raise the rate by 25 bp on Wednesday, but the market movement will be decided by the commentary of the Fed chief regarding future inflation and rate trends.

Investors may wait and watch these events unfold.

On Friday, both the indices settled more than 1 per cent lower in the previous session, snapping their six-day record-breaking rally.

The BSE benchmark tumbled 887.64 points or or 1.31 per cent to settle at 66,684.26 on Friday.

NSE Nifty fell by 234.15 points or 1.17 per cent to end at 19,745.In Asian markets, Nikkei 225 was up 1.38 per cent, while the stock markets in Hong Kong and Shanghai were not trading.

The US markets ended broadly higher on Friday.

Global oil benchmark Brent crude was trading 0.14 per cent lower at USD 80.96 a barrel.

Foreign Institutional Investors (FIIs) were sellers on Friday as they sold equities worth Rs 1,998.77 crore, according to exchange data.