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finance5paisa · 6 months ago

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NSE Highlights: Who Made the Biggest Moves in Gains and Losses Today?

The National Stock Exchange (NSE) is a barometer of India's economic health and market sentiment. Daily trading activity provides insights into the financial markets, showcasing which stocks have gained momentum and which have faced setbacks. Today, we analyze the top gainers NSE and the top losers today, offering a snapshot of the biggest movers in the market. Understanding these movements helps investors make informed decisions and strategize their investments effectively.

Market Overview

Today's trading session on the NSE was characterized by significant fluctuations, with notable movements in both directions. The NSE index showed mixed trends as various sectors responded differently to market stimuli, including economic data releases, corporate earnings reports, and global market cues.

Top Gainers NSE

Reliance Industries Ltd. (RIL): Leading the pack of top gainers NSE, RIL saw a substantial uptick in its stock price. The company’s strong performance in the energy sector and recent strategic investments contributed to its bullish run.

HDFC Bank: Another prominent name among the top gainers NSE, HDFC Bank benefited from positive quarterly earnings reports and strong growth forecasts in the banking sector.

Tata Consultancy Services (TCS): The IT giant made it to the list of top gainers NSE due to robust demand in the digital transformation space and favorable earnings reports.

Infosys: Similar to TCS, Infosys saw its stock price surge as it capitalized on the growing need for IT services globally, making it one of the top gainers NSE.

Larsen & Toubro (L&T): The engineering and construction conglomerate registered impressive gains driven by new project wins and optimistic future prospects.

Top Losers Today

Yes Bank: Topping the list of top losers today, Yes Bank faced a significant drop in its stock price. Concerns over asset quality and capital adequacy issues contributed to its decline.

Indiabulls Housing Finance: This stock also found itself among the top losers today due to ongoing concerns about the real estate sector and liquidity challenges.

Tata Motors: Despite being a strong player in the automotive industry, Tata Motors experienced a downturn, making it one of the top losers today. Weak sales figures and global economic uncertainties impacted its performance.

Vedanta Ltd.: The mining and metals company faced losses due to fluctuating commodity prices and regulatory challenges, placing it among the top losers today.

Bharti Airtel: The telecom giant saw a dip in its stock price, landing it in the category of top losers today, primarily due to competitive pressures and regulatory hurdles.

Factors Influencing the Market

Several factors contributed to the movements of these stocks:

Economic Indicators: Macroeconomic data such as GDP growth rates, inflation figures, and employment data play a crucial role in shaping investor sentiment and influencing stock prices.

Corporate Earnings: Quarterly earnings reports provide insights into a company's financial health and future prospects, impacting investor decisions.

Global Market Trends: International market trends and global economic events also affect the NSE, as they influence investor behavior and market dynamics.

The NSE's daily fluctuations reflect the dynamic nature of the stock market, influenced by a myriad of factors ranging from corporate performance to global economic trends. Today's highlights, featuring the top gainers NSE and the top losers today, provide valuable insights for investors. Keeping an eye on these movements helps in making strategic investment decisions, ensuring a balanced and diversified portfolio.

#top gainers NSE #top losers today

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optionperks · 8 months ago

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Dividend Stocks: Tata Motors, HUL, Adani Ent, Bajaj Auto, among others to trade ex-dividend next week; Full list here

Shares of several important companies including Asian Paints, Tata Motors, Adani Enterprises, Canara Bank, Bajaj Auto, Hindustan Unilever Ltd (HUL), among several others will trade ex-dividend in the coming week starting from Monday, June 10. Along with these, some companies have declared a buyback of shares, while some have announced other corporate actions including bonus issue and E.G.M, according to data on the BSE. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all the shareholders whose names appear on the company's list by the end of the record date.

#optionstrategybuilder #optionperks #investing stocks #stock trading

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tata-digital · 1 year ago

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Decoding Market Trends: An Extensive Analysis of Tata Motors Ltd - DVR Share Price

Introduction:

In the dynamic realm of stock trading, investors perpetually seek reliable guides to navigate through the intricacies and uncertainties of the market. One captivating avenue that has piqued investor interest is Tata Motors Ltd's Differential Voting Rights (DVR) shares. This article aims to delve into the intricacies of Tata Motors Ltd - DVR share prices, providing insights into its historical performance, current standing, and the myriad factors influencing its trajectory.

Tata Motors Ltd - DVR Share Price Chart:

A comprehensive understanding of market movements begins with a meticulous examination of the Tata Motors Ltd - DVR share price chart. This visual representation encapsulates the historical performance of DVR shares, empowering investors to discern trends and make well-informed decisions. Analysts scrutinize these charts for patterns, trends, and potential signals that may offer glimpses into future movements.

Tata Motors DVR Share Price on NSE India and BSE:

Investors closely tracking Tata Motors DVR shares vigilantly observe its performance on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The dual listing provides investors with flexibility and liquidity, facilitating seamless trading on two major stock exchanges in India. A nuanced understanding of price movements on both NSE and BSE is paramount for a thorough analysis.

Tata Motors DVR Share Price Target:

Setting pragmatic targets is a fundamental aspect of investment planning. The Tata Motors DVR share price target serves as a benchmark, offering insights into the anticipated future value. Analysts, employing various methodologies such as technical and fundamental analysis, project these targets. Investors often align their investment strategies based on these projections.

Tata Motors - DVR Share Price on Moneycontrol:

For investors seeking a holistic overview of Tata Motors DVR share prices, Moneycontrol proves to be an invaluable resource. Moneycontrol provides real-time updates, historical data, and expert analyses, delivering a comprehensive view of the stock's performance. Regular monitoring on such platforms empowers investors to stay abreast of market dynamics and make well-informed decisions.

Tata Motors DVR Share Price Screener:

A screener proves to be a potent tool for investors to filter and screen stocks based on specific parameters. The Tata Motors DVR share price screener allows investors to set criteria such as market cap, dividend yield, and price-to-earnings ratio to identify potential investment opportunities. This tool aids in narrowing down choices, ensuring investors focus on stocks aligning with their investment objectives.

Tata Motors DVR Share Price 52 Week High/Low:

Understanding the 52-week high and low prices provides investors with insights into the stock's volatility and resilience. The Tata Motors DVR share price 52-week high/low data reveals the highest and lowest prices the stock has reached in the past year. This information assists investors in assessing the stock's performance relative to its recent history.

Tata Motors DVR Share News:

Remaining well-informed about the latest news and developments is pivotal for investors navigating the stock market. Tata Motors DVR share news spans a broad spectrum of factors, including corporate announcements, financial results, market trends, and global events. Investors keen on DVR shares stay attuned to these updates to make timely and informed decisions.

Conclusion:

In the ever-evolving domain of the stock market, Tata Motors Ltd - DVR shares emerge as a captivating avenue for investors. By scrutinizing the Tata Motors DVR share price chart, monitoring its performance on NSE and BSE, setting realistic price targets, utilizing platforms like Moneycontrol and screeners, considering 52-week high/low prices, and staying abreast of the latest news, investors can make astute decisions.

Approaching the market with diligence is essential, recognizing that share prices are influenced by a myriad of factors, both internal and external. Through a strategic and well-informed approach, investors can successfully navigate the dynamic landscape and potentially reap the rewards of their investment in Tata Motors DVR shares.

#tata dvr share price

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streetinvestment · 1 year ago

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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.

#training stock market course #shares market to everyone #street investment

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citizenrecord · 2 years ago

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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.

#Foreign fund #equity markets

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capitaladda · 2 years ago

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Top 5 Tata Penny Stocks to Watch in 2023 | Tata penny stocks list 2023

Tata Penny Stocks: Market Cap, Latest Price, and 5 Month Range | The Best Tata Penny Stocks to Buy for Long-Term Gains Here is a list of Tata penny stocks as of June 8, 2023: Tayo Rolls Ltd: Market cap of Rs. 68.2 Cr, latest price of Rs. 66.50 Tata Teleservices (Maharashtra) Ltd: Market cap of Rs. 12,247 Cr, latest price of Rs. 62.5 Tata Motors Ltd – DVR: Market cap of Rs. 11,215 Cr, latest…

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vision4perception · 3 years ago

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Share market update: Most active stocks of the day in terms of traded value

NEW DELHI: One97 Communications Ltd.(Rs. 265.04 crore), HDFC Bank(Rs. 151.19 crore), Tata Motors(Rs. 148.68 crore), IRCTC(Rs. 125.71 crore), Vodafone Idea(Rs. 125.11 crore), Tata Power(Rs. 117.38 crore), RIL(Rs. 99.17 crore), Vedanta (Rs. 96.99 crore), SBI(Rs. 93.53 crore) and Bajaj Finance(Rs. 89.05 crore) were among the most traded securities on the National Stock Exchange in Monday’s…

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#active stocks #active stocks today #Bharti Airtel share price #most active stocks #One97 Communications Ltd. share price #RIL share price #Tata Motors share price #Vedanta Share Price

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goldsilverreports · 3 years ago

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Tata Motors Jumps After Morgan Stanley Upgrades Citing Outlook

Tata Motors Reports: The next two years could be “strong” for Indian autos and particularly Tata’s business, because of its lean cost structure, refreshed model portfolio and leverage, Morgan Stanley says, upgrading Tata Motors’ stock. (more…)

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#Stock Market #Tata Motors #Tata Motors Ltd #Tata Motors Ltd news #Tata Motors Ltd stock price #Tata Motors Price #Tata Motors Share Price #Tata Motors Stock #Tata Motors Stock Price

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zebu-helan · 2 years ago

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What Are Cyclical Stocks?

Earning money on the stock market can be challenging. While some stocks may be lucrative no matter what, making them somewhat recession-proof, others may not be, making them particularly sensitive to economic slowdowns and downturns. "Cyclicality" is the concept that economic activity changes continuously due to boom and bust periods.

Everyone is aware that the Covid-19 pandemic affects the stock market in a cyclical manner. Stocks that were susceptible to the economy fell during the first recession. The stock prices of the majority of corporations increased as the economy started to improve. Interest rates and government initiatives also contributed to this improvement. The purpose of this essay is to define and describe cyclical stocks.

A cyclical stock is one whose price is impacted by significant economic shifts or shifts that accumulate over time. Cyclical equities typically follow an economy's boom, rebound, recession, and recovery. The majority of cyclical equities are held by businesses that sell daily necessities. When the economy is doing well, consumers tend to purchase more of these items, while doing the opposite when it is not.

Businesses that produce or market durable goods do so with the intention of the products lasting at least three years. Clothes and ready-to-eat foods are examples of non-durable cyclical stocks that have a limited shelf life, spoil quickly, or are quickly depleted.

Sportswear manufacturer Nike is an example of a business operating in this market. Businesses provide cyclical services that make it simpler for their clients to travel, have fun, and engage in other enjoyable activities. One of the most well-known companies in this industry is Netflix.

Automobile manufacturers like Maruti Suzuki India and Tata Motors, as well as banks like HDFC Ltd., are among the most well-liked cyclical stocks in India. Here are a few well-known and understandable examples of some businesses that frequently go through cycles to give you an idea:

Airline tickets and hotel stays are two purchases that people and businesses are more likely to make when the economy is booming than they are when things are tight.

Retail:People typically spend less on products they don't need while the economy is struggling. However, firms that focus mostly on selling needs are less cyclical.

Restaurants: People frequently eat more at home during difficult economic times, which is detrimental to the stocks of food and beverage establishments.

Automakers: People tend to keep their cars longer and purchase new cars more frequently when the economy is poor..

Most IT stocks experience periodic ups and downs.

Banks: Mortgages, auto loans, and credit cards are less popular during a recession, and more who already have loans struggle to make their payments. Additionally, interest rates tend to decline before and during recessions, which makes it more difficult for banks to turn a profit..

Manufacturing: Physical commodities tend to have lower demand during lean economic times, which is negative for the businesses that produce them.

The consumer cyclical stock India sector includes several of the aforementioned industries that deal directly with consumers, such as retail and the car industry.

Different stocks and cycles

The majority of the items in this category, such as TVs, refrigerators, air conditioners, cars, etc., are beneficial. Because the market requires the aforementioned goods more frequently when the economy is expanding, businesses that provide them see the highest rates of profit growth. The average price of these companies' shares rises on the market as a result of their increased profitability and increased demand for their stock. This boosts their cash flow, which boosts their profitability.

Cyclical public companies, however, suffer the most when the economy is in a recession. During a recession, the economy slows down, which has an impact on both employment and production levels. At first, people buy fewer consumer goods when unemployment rises. As a result, levels of overall income and profit drastically decline. In a bad economy, the share prices of the majority of cyclical stocks decline. This is because fewer people want to purchase shares of these companies' stock because they make less money.

As a result, variations in the business cycle and cyclical stock performance are closely related. Since increased economic output increases the profitability of the corporations issuing the bonds and increased economic contraction causes a sharp decline in these companies' earnings,

The distinction between stocks that fluctuate in price and those that don't

Stocks that perform well in good economic times typically perform well in good economic times. However, that is useless for equities that do not cycle. These equities typically perform better than the market as a whole, even when the economy slows down.

Non-cyclical stocks often go by the label of defensive stocks. They cover all products and services that customers continue to purchase throughout all business cycles, even when the economy is struggling.

Examples of non-cyclical enterprises are those that sell food, energy, and water. Investors can effectively guard against losses brought on by cyclical companies during a recession by include non-cyclical stocks in their portfolios.

#online stock trading #lowest brokerage #stock market #share broker #stock market basics #basics of share market #stock market beginner #stock split

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vishnukumarsworld · 2 years ago

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Ford Motor Co. likely to sell Jaguar, Land Rover early next year

Ford Motor Co. is still evaluating bids from three suitors for its Jaguar and Land Rover units, and a sale is not likely until early in 2008, according to a person who has been briefed on the negotiations.

Indian automakers Mahindra & Mahindra Ltd. and Tata Motors Ltd., as well as U.S. private equity firm One Equity Partners LLC are in the running for the units, submitting bids that range from US$1.5 billion to $2 billion, said the person, who requested anonymity because the talks are confidential.

As recently as Monday, Ford chief executive Alan Mulally reiterated the company's statement that a sale probably would be announced late this year or in the first quarter of next year, but the person briefed on the talks said Thursday that the price tag is still being negotiated, bidders are awaiting clarity on pending European Union auto emissions regulations, and other issues remain before the sale can go through.

Among the issues is Ford's parts supplier relationship to the new owners, the person said. Ford supplies engines for Jaguar and Land Rover vehicles and wants that relationship to continue, the person said.

John Gardiner, spokesman for Ford's Premier Automotive Group, which includes Jaguar, Land Rover and Volvo, would not comment on the bidding, but said Ford clearly is interested in its parts supply relationship with any potential buyer.

``We recognize the significant connection between Ford and Jaguar-Land Rover in terms of component supply, engineering, manufacturing, and any sale would need to take that into account,'' he said.

All three bidders met in November with the British government, labour unions and Ford about the sale.

Labour unions in the United Kingdom are seeking assurances that the sale would not affect employment levels. Combined, Jaguar and Land Rover employ about 15,300 in the U.K.

Jaguar's main union, Unite, has said in a statement it would prefer Tata if the company is sold.

Cash-hungry Ford, which lost $12.6 billion last year but earned $88 million in the first nine months of 2007, has been looking to sell Jaguar and Land Rover.

It has mortgaged its assets to borrow money to stay operating and expects to burn up $12 billion to $14 billion until 2009, when it plans to return to sustained profitability.

Jaguar and Land Rover have been hit by unfavourable exchange rates and high production costs in Britain.

Jacques Nasser, Ford's chief executive from 1999 to 2001, is involved with the bid from One Equity Partners, an affiliate of JPMorgan Chase & Co.

Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000, joining them with Aston Martin and Volvo to form its Premier Automotive Group. Ford has not said how much it wants for the combined units.

Earlier this year Ford completed the sale of its controlling stake in Aston Martin for $931 million in cash and preferred stock. If you want to know about slot online check out here.

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techminsolutions · 3 years ago

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Tata Motors' India business recovery expectations lift investor confidence

Tata Motors’ India business recovery expectations lift investor confidence

Recovery in commercial vehicle (CV) sales and gains in the passenger vehicles (PV) segment in the domestic market are boosting Tata Motors Ltd’s prospects. Not surprising, Tata Motors’ stock prices have continued their up move. The stock hit fresh 52-week highs on Friday, having risen more than 35% since August lows. CV sales for Tata Motors have continued to improve with regular economic…

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vision4perception · 3 years ago

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Share market update: Most active stocks in today's market in terms of volume

Share market update: Most active stocks in today’s market in terms of volume

NEW DELHI: Vodafone Idea(numbers of share traded: 11.41 crore), Tata Power(numbers of share traded: 5.89 crore), Tata Motors(numbers of share traded: 4.85 crore), ITC(numbers of share traded: 4.67 crore), Zomato Ltd.(numbers of share traded: 4.45 crore), Trident Ltd(numbers of share traded: 3.92 crore), PNB(numbers of share traded: 3.75 crore), Bank of Baroda(numbers of share traded: 3.66 crore),…

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#ITC share price #share market #share market update #Stock market #Tata Motors share price #Tata Power share price #trending stocks today #Vodafone Idea share price #Zomato Ltd. share price

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newsbunddle · 4 years ago

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Stocks in the news: Indigo Paints, HDFC, Tata Consumer, Indian Bank and Tata Motors

Nifty futures on the Singapore Exchange traded 97 points, or 0.68 per cent, higher at 14,455.50 in signs that Dalal Street was headed for a gap-up start on Tuesday. Here are a few stocks which may buzz the most in today’s trade: Indigo Paints: The paints makers looks set to make a strong market debut on Tuesday, as sentiment turned euphoric in the secondary market post Union Budget 2021. The…

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classyfoxdestiny · 3 years ago

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Business News Live: Maruti Suzuki India to recall over 1.81 lakh cars

3:02 P.M.

U.S. funding tapped for Pacific undersea cable after China rebuffed

The Federated States of Micronesia will tap a U.S. funding facility to construct a Pacific undersea communications cable, after rejecting a Chinese company-led proposal that was deemed a security threat by U.S. officials, Reuters reported.

2:59 P.M.

Geely’s Volvo Cars warns on sales as supply woes dent output

Sweden-based automaker Volvo Car Group warned on Friday that sales volumes in the second half of 2021 could fall year-on-year after it was forced to cut production due to material shortages, Reuters reported.

The carmaker, owned by China’s Geely Holding, said sales fell 10.6% from a year ago in August, despite strong underlying demand, and cautioned the potential decline in volumes in the second half could impact revenue and profit.

2:54 P.M.

U.S. labor agency investigating two complaints from Apple workers

The U.S. National Labor Relations Board is investigating two cases filed by Apple Inc employees against the company, records on the agency’s website show, amid a wave of employee activism at a company known for its secretive culture.

Ashley Gjovik, a senior engineering program manager at Apple, filed an Aug. 26 charge, which cites harassment from a manager, reduction of responsibilities and increases in unfavorable work, among other complaints, Reuters reported.

2:48 P.M.

U.S. job growth seen slowing in August as Delta variant curbs services demand

U.S. employment growth likely pulled back in August after gaining nearly 2 million jobs in the past two months as soaring COVID-19 cases reduced demand for travel and entertainment, but the pace was probably enough to sustain the economic expansion.

Unemployment rate seen falling to 5.2% from 5.4%, Reuters reported.

2:33 P.M.

Deutsche Bank’s ESG Probe Triggers Review at Asset Managers

European asset managers are reviewing their ESG labeling and marketing claims following news of probes into the investing arm of Deutsche Bank AG, according to people close to the process, Bloomberg reported.

2:23 P.M.

Section of SpiceJet employees go on strike at Delhi airport over salary issues

A section of employees of SpiceJet airline went on strike at the Delhi airport on Friday morning over issues related to reduced salaries, PTI reported.

SpiceJet has been paying reduced salaries to a significant number of employees since 2020 as its finances have been hit due to COVID-19 pandemic-related travel restrictions. Other airlines have also cut the salaries since 2020 for the same reason.

2:15 P.M.

China’s SMIC to invest $8.87 bln for new chip plant in Shanghai

China’s Semiconductor Manufacturing International Corp will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as Beijing pushes to boost independence in the sector.

SMIC said it agreed to build a production line with monthly capacity of 100,000 12-inch wafers in the Lingang Free Trade Zone (FTZ) in the Pudong district of China’s business hub, Reuters reported.

2:12 P.M.

Tata Consumer Products rolls out new branding for Tata Soulfull range

Tata Consumer Products on Friday announced the rollout of new branding for the Tata Soulfull range of health and wellness food.

The company said it has integrated the Tata logo into the Soulfull portfolio, subsequent to Tata Consumer Soulfull Pvt Ltd becoming a 100% subsidiary of Tata Consumer Products in February 2021, PTI reported.

2:08 P.M.

Dollar hits one-month lows before payrolls test

The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus.

The dollar index was little changed at 92.227 after earlier touching 92.151 for the first time since Aug. 5, Reuters reported.

2:03 P.M.

Reliance aims at 100 GW renewable energy by 2030, bring hydrogen cost under $1: Ambani

Reliance Industries aims to generate at least 100 gigawatts of electricity from renewable sources by 2030, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said on Friday as he outlined a vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade.

The focus on generating electricity from renewable sources of energy such as solar and wind will help cut carbon emissions in the world’s third-largest greenhouse gas emitter, PTI reported.

1:56 P.M.

Alibaba, Tencent Look Cheap Even With China Crackdown Risks, NYU Professor Says

Some of China’s bellwether Internet stocks are undervalued even as risks of further downside from Beijing’s regulatory clampdown persist, according to a finance professor at New York University.

Alibaba Group Holding Ltd. is the most undervalued by 12.7% compared to its fair value followed by Tencent Holdings Ltd. at 8%, PTI reported.

1:31 P.M.

Maruti Suzuki India to recall over 1.81 lakh cars

Maruti Suzuki India to proactively recall 181,754 units of some petrol variants of CIAZ, ERTIGA, VITARA BREZZA, S-CROSS AND XL6.

The automaker will inspect for a possible defect in these models manufactured between 4th May 2018 to 27th October,2020, PTI reported.

1:22 P.M.

Bharti’s rights issue credit positive for itself, neutral for Singtel: Moody’s

Bharti’s rights issue is credit positive for the company, said Moody’s Investors Service. It noted that the fresh capital would keep the leverage relatively stable amid 5G investments, ongoing cash payments for spectrum and settlement outgo related to AGR.

For Bharti’s 31.7% shareholder, Singapore Telecommunications (Singtel), the transaction is ‘credit neutral’, it said.

Bharti Airtel board had recently approved raising up to ₹21,000 crore by way of rights issue, at a price of ₹535 per share, PTI reported.

1:15 P.M.

Future Retail seeks an early hearing in the SC on its retail merger deal with Reliance

Future Retail Ltd Friday sought an early hearing in the Supreme Court on its fresh appeal against a recent Delhi High Court order which said it will implement an earlier direction restraining FRL from going ahead with its ₹24,731 crore merger deal with Reliance Retail.

Amazon and Future are having a legal tussle after the US e-commerce giant dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC) in October last year, arguing that FRL had violated their contract by entering into the deal with rival Reliance.

On March 18, a single judge bench of Justice J R Midha had imposed costs of ₹20 lakh on the Future Group and others associated with it and ordered attachment of their properties. The high court had asked the parties to file an affidavit detailing their assets within one month and show cause as to why they not be detained under civil prison, PTI reported.

Sensex and Nifty continued their record breaking streak, opening at fresh record highs with Sensex crossing 58,000 for the first time. Asian shares held onto their gains while Oil fell ahead of a highly anticipated U.S. monthly jobs report.

There was something to rejoice for the Indian economy as the IHS Markit Services Purchasing Managers’ Index rose to 56.7 in August, expanding at its fastest pace since March 2020 when the pandemic began.

HDFC Life Insurance said it will buy the life insurance unit of battery maker Exide Industries for ₹6,687 crore, and added that Exide Life will merge into HDFC Life after the acquisition. After the IPO of Indian firms attracted significant interest from the investors around the world, E-commerce retailer Snapdeal is also considering an initial public offering that could raise about $400 million, Bloomberg reported.

12:45 P.M.

Japanese shares hit 30-year highs as Suga offers to step down

Japanese shares soared with the broad Topix index hitting a 30-year high, after Prime Minister Yoshihide Suga offered to resign, Reuters reported.

The country’s Nikkei share average rose 2.04% while the broader Topix vaulted 1.61% to reach levels not seen since April 1991. For the week, the Nikkei gained 5.4%, the most since early November when Joe Biden won the U.S. presidential election.

“Japanese shares had badly underperformed in recent months despite very strong earnings recovery and the only reason I could think of was a sense of stagnation due to the government’s poor response to the pandemic,” Takashi Hiroki, chief strategist at Monex Securities told Reuters.

12:25 P.M.

Snapdeal considers $400 million IPO

E-commerce retailer Snapdeal is considering an initial public offering that could raise about $400 million, Bloomberg reported.

The company is speaking with advisers regarding a potential listing in Mumbai next year that could value it at as much as $2.5 billion.

Discussions are still at an early stage, and the firm could decide not to proceed with the plan. Bloomberg said representatives for Snapdeal and SoftBank declined to comment.

12:13 P.M.

Copper edges higher as dollar sinks ahead of U.S. jobs data

Industrial metals were mostly higher today, with copper’s advance putting it on track for a second straight weekly gain, as the dollar sank to its lowest in almost a month ahead of a crucial U.S. jobs data, according to a Reuters report.

Three-month copper on the London Metal Exchange was up 0.6% at $9,433.50 a tonne, while the most-traded October copper contract on the Shanghai Futures Exchange rose 1% to 69,500 yuan ($10,760.35) a tonne, the report noted.

12:02 P.M.

Tata Motors opens 70 new sales outlets in South India

Tata Motors today inaugurated 70 new sales outlets across South India in one go, as part of its retail acceleration strategy. Spread across 53 cities, the new outlets have been strategically mapped to key emerging markets of the Southern region, the company said.

The showrooms will be home to the company’s ‘New Forever’ range of passenger vehicles, including its electric vehicles portfolio.

With the addition of new showrooms, Tata Motors’ network in Southern India (Karnataka, Tamil Nadu, Pondicherry, Telangana, Andhra Pradesh and Kerala) will be 272 and the retail footprint in India will grow to 980, a PTI report noted.

11:50 A.M.

Reddit seeks to hire advisers for U.S. IPO

Reddit Inc, the operator of online message boards, is seeking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, Reuters reported, citing two people familiar with the matter.

Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes it will be valued at more than $15 billion, according to the report.

11:10 A.M.

August service activity grows at fastest pace since pandemic began

India’s services industry in August expanded at its fastest pace since March 2020 when the pandemic began as businesses reopened and vaccination rates improved, Reuters reported citing a survey.

The IHS Markit Services Purchasing Managers’ Index rose to 56.7 in August, above the 50-level that indicates growth. PMI had been below 50 for three months and was 45.4 in July.

“The Indian service sector bounced back in August, led by the reopening of several establishments and improved client confidence due to growing vaccine coverage,” Polyanna De Lima, economics associate director at IHS Markit told Reuters.

“Service providers foresee a brighter outlook, with firms indicating that the economic recovery could be sustained if restrictions continue to be lifted and further waves of contamination can be avoided.”

11:00 A.M.

Indian companies’ foreign borrowing jumps 60% in July

Indian companies raised over $3.43 billion from foreign markets through external commercial borrowings (ECBs) in July this year, a jump of about 60% from a year ago, PTI reported citing RBI data.

Indian companies had borrowed $2.15 billion from overseas markets in July 2020.

Of the total borrowings during July 2021, $3.03 billion came in through the automatic route of the ECB, while $400 million was through the approval route.

10:45 A.M.

Sebi moves Supreme Court against SAT order on PNB Housing Finance

Markets regulator Sebi has approached the Supreme Court against the Securities Appellate Tribunal’s order related to the PNB Housing Finance’s ₹4,000 crore equity capital raise plan, PTI reported.

On August 9, the two-member bench of the Securities Appellate Tribunal (SAT) pronounced a split verdict, saying there was difference of opinion between the members of the bench. PNB Housing Finance is restrained by SAT from disclosing the voting results by the shareholders on the fund raise plan until further orders.

“It has been brought to our notice that SEBI has filed an appeal to the Supreme Court of India against the order of SAT,” PNB Housing Finance said in a regulatory filing.

10:15 A.M.

CEO, CFO of scam-hit Karvy arrested

Karvy Stock Broking Chief Executive Officer Rajiv Ranjan Singh, and Chief Financial Officer G. Krishna Hari of Karvy were arrested basing on a complaint by IndusInd bank for allegedly involving in diverting funds raised from banks by pledging clients’ securities as collaterals, PTI reported.

The police had earlier arrested Chairman C Parthasarathy, on charges of defaulting a loan to the tune of ₹137 crore to IndusInd Bank.

10:00 A.M.

HDFC Life Insurance to buy Exide Life

HDFC Life Insurance will buy the life insurance unit of battery maker Exide Industries for ₹6,687 crore, the company said in a regulatory filing.

As part of the deal, HDFC will issue 8.7 crore shares to Exide Industries at ₹685 per share and the remaining amount as a cash payout of ₹726 crore. Exide Life will merge into HDFC Life after the acquisition. .

“This is a landmark transaction, first of its kind, in the Indian life insurance space,” HDFC Life Chairman Deepak Parekh said in a statement. “It would enhance insurance penetration and further our purpose of providing financial protection to a wider customer base.”

9:30 A.M.

Sensex crosses 58,000 for first time

Indian benchmark equity indices continued their record breaking streak. Sensex and Nifty opened at fresh record high with Sensex hitting the 58,000 mark for the first time.

At 9:16 IST, Sensex was up 0.38% at 58070.12 while Nifty rose 0.36% to 17296.

9:15 A.M.

Oil falls before U.S jobs report

Oil prices fell before after strong overnight gains ahead of a highly anticipated U.S. monthly jobs report, Reuters reported.

U.S. West Texas Intermediate (WTI) crude futures slipped 0.3% to $69.75 a barrel while Brent Crude fell 0.2% to $72.90 a barrel.

The fall was likely due to traders squaring positions ahead of U.S non-farm payrolls report for August as there are concerns that consensus maybe weaker than forecasts, Stephen Innes, managing partner at SPI Asset Management told Rueters.

9:00 A.M.

Asian shares hold gains

Asian shares held onto their gains while global shares were at record highs, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan remained flat in early trading. Japan’s Nikkei rose 0.38%, Australia was up 0.3%, and Korea soared 0.61%.

Chinese blue chips fell 0.27% and Hong Kong was down 0.6%.

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