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🇮🇳64d ago
Nifty poised for accumulation; Ather, Nazara eyed as top picks
Nifty's September series has opened with cautious optimism, with technical support identified at 24,000–24,100 and resistance at 24,200–24,500, according to market analysis. Ather Energy and Nazara Technologies are highlighted as top stock bets following recent bullish breakouts and strong momentum.
🇮🇳64d ago
Gold braces for volatility as US jobs data, geopolitical tensions dominate
Gold markets are preparing for increased volatility in September amid declining prices, with traders focusing on US employment reports and geopolitical developments. Key inflation metrics and non-farm payroll data are expected to significantly influence investment strategies and commodity market direction.
🇮🇳64d ago
10 Large-Cap Stocks Showing Up to 40% Upside Potential
According to consensus estimates from Trendlyne, several large-cap stocks listed on the BSE are projected to deliver significant gains over the next 12 months. The analysis identifies companies with upside potential reaching up to 40%, presenting potential opportunities for equity investors.
🇮🇳66d ago
Five Stocks Break Above 200-Day Moving Average in Indian Market
Five stocks in the Indian market have recently crossed above their 200-day simple moving averages, a technical indicator suggesting entry into an overall uptrend. According to technical analysis principles, positions above the 200-day SMA on daily charts are generally considered to signal bullish momentum and renewed buying interest.
🇮🇳66d ago
IndiaFirst Life to Raise Up to ₹250 Crore via Subordinated Debt
IndiaFirst Life Insurance plans to raise between ₹150-250 crore through subordinated debt issuance, while BNP Paribas Cardif acquires Warburg Pincus' stake in the company. The insurer has deferred its public offering plans and is focusing on expanding its agency channel and securing new bancassurance partnerships.
🇮🇳66d ago
Oil Slides to Weekly Loss Despite Iran Tensions Escalating
Oil prices declined this week, ending a two-week rally in crude futures amid geopolitical tensions between the United States, Iran, Russia, and NATO countries. The lack of active U.S.-Iran negotiations and escalating diplomatic warnings are creating uncertainty in global energy markets despite historical patterns where such tensions typically support crude prices.
🇮🇳66d ago
KRBL poised for earnings inflection as analyst recommends buy
KRBL's technical setup has strengthened ahead of an anticipated earnings inflection point, according to Motilal Oswal analyst Shivangi Sarda, who recommends a buy position. The analyst's stance signals growing confidence in the company's near-term performance trajectory.
🇮🇳66d ago
Persistent Systems' strong deal wins boost outlook; acquisition costs pose risk
Persistent Systems reported robust revenue growth in its June quarter results and raised its future earnings outlook following strong deal wins, but upcoming acquisition-related costs including interest expenses and wage increases could pressure profit margins. The stock is expected to trade within a range as investors weigh the benefits of revenue growth against near-term margin pressures from the acquisition.
🇮🇳66d ago
ESDS Software Solutions launches ₹720 crore IPO amid growth push
ESDS Software Solutions announced a ₹720 crore initial public offering to accelerate growth across its infrastructure, managed, and software services divisions, which have demonstrated strong revenue and profit expansion over three years. The IPO presents opportunities for growth-focused investors but carries risks including customer concentration and rising input costs.
🇮🇳66d ago
Gold Pauses Before Fed Chair Warsh's Jackson Hole Address
Gold prices edged lower in early Asian trading Friday as markets awaited Federal Reserve Chair Kevin Warsh's Jackson Hole speech, with traders monitoring signals about potential US rate increases. The speech comes amid persistent inflation concerns and stable labor market data that could influence Fed policy decisions expected in December.
🇮🇳66d ago
Bankex Put Options Surge 14,700% on Expiry Day
Bankex put options experienced a dramatic 14,700% surge during Thursday's options expiry session, with sharp premium jumps occurring within minutes and impacting options sellers. The unusual spike coincided with broader market declines, with Sensex and Bankex closing lower while Nifty and Bank Nifty posted smaller losses.
🇮🇳66d ago
Foreign Portfolio Investors Extend Buying Streak Into August
Foreign portfolio investors continued accumulating equities in August following strong July activity, with selective additions to existing positions alongside increased domestic institutional buying. The investment momentum coincided with a surge in Indian IPO and OFS issuances, while regional capital flows shifted away from South Korea toward Taiwan.
🇮🇳66d ago
Asian shares slip as US futures dip ahead of Warsh Jackson Hole speech
US stock index futures retreated on the back of fading momentum in artificial intelligence stocks and weakness in semiconductor earnings, while Asian markets moved lower in anticipation of remarks from Federal Reserve official Christopher Warsh at Jackson Hole. The pullback followed initial enthusiasm about the AI trade that had been sustained by Nvidia's recent bullish guidance.
🇮🇳66d ago
BofA initiates coverage on Polycab, KEI with buy ratings
Bank of America has started coverage on Indian cable manufacturers Polycab and KEI Industries with buy ratings, projecting up to 22% upside for investors. BofA expects India's wires and cables sector to expand at a 14% compound annual growth rate through FY29, driven by infrastructure spending, renewable energy projects, and power grid investments.
🇮🇳66d ago
Indian Equities Slide on Domestic Headwinds; Nifty Eyes 23,900
Indian equity markets declined on Thursday amid domestic challenges rather than global factors, with the Nifty index encountering resistance in the 24,300–24,400 range and potentially heading toward 23,900. Foreign portfolio investors sold shares while domestic buyers stepped in, and the rupee weakened slightly against the US dollar.
🇮🇳66d ago
Indian Stock Markets Open on August 28 Despite Raksha Bandhan
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain open for trading on August 28, with commodity markets also operating normally, according to market announcements. The next scheduled market closure is September 14 for Ganesh Chaturthi, with additional holidays planned for October 2 and November 10.
🇮🇳66d ago
Wipro gains on Google Cloud AI deal; Lenskart faces investor share sale
Indian markets closed lower on Thursday amid global economic uncertainty, with Wipro advancing following an expanded Google Cloud partnership for AI implementation, while Lenskart's investor prepares to offload shares valued at up to Rs 1,313 crore. The mixed moves underscore divergent corporate fortunes as technology partnerships support some stocks while secondary market activity pressures others.
🇮🇳66d ago
NSE IPO Close to Regulatory Clearance, Sebi Chief Confirms
India's securities regulator is nearing final approval for the National Stock Exchange's initial public offering, according to Sebi Chief Tuhin Kanta Pandey. The exchange's current unlisted market valuation of approximately ₹5 lakh crore positions it to potentially enter India's top-ten market capitalization rankings upon listing at prevailing valuations.
🇮🇳66d ago
IRDAI Opens NDB's Maharajah INR Bonds to Indian Insurers
India's insurance regulator IRDAI has permitted insurers to invest in New Development Bank's Maharajah INR bonds, according to a circular dated August 27. The NDB intends to deploy proceeds for corporate purposes and financing of sustainable development and green projects across India.
🇮🇳66d ago
Nasdaq, S&P 500 Rise on Nvidia AI Rally; Fed Speech Looms
Nvidia's strong revenue forecast sparked a revival in the artificial intelligence trade, lifting both the Nasdaq and S&P 500 indices. However, investor attention is rapidly pivoting toward Fed Chair Kevin Warsh's upcoming Jackson Hole speech, with inflation data and labour market resilience creating uncertainty around interest rate decisions.