Podcasts about kotak bank

DSP is launching a scheme that will equally split the corpus among the top 10 stocks by market capitalization, dubbed "HRITIK" (HDFC Bank, RIL, ITC, TCS, Infosys, and Kotak Bank). These companies have recently underperformed as investors shifted to small and mid-caps. Sahil Kapoor, DSP MF's market strategist, joins us to discuss their bet on a "HRITIK" comeback.

In this episode of Market Minutes, Nandita Khemka talks about the key factors to watch out for this week. The BSE Sensex and Nifty 50 shed over a percent on Friday amid profit booking. This week the Union Budget on Tuesday will be the trend decider. Corporate earnings, monthly F&O expiry and US GDP data are some of the other important factors that will be in focus. Also, catch Sahil Kapoor of DSP Mutual Fund in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

In this episode of Market Minutes, Harshita talks about the key factors to watch out for today before domestic equity market open. Markets are expected to remain volatile in the near term on account of the general election and Q4 earnings reports. Banking performance is likely to heavily influence market sentiment. Kotak Bank, Avenue Supermarts, Britannia Industries among stocks to watch today. Catch the global market set up, and also hear from Vikas V. Gupta, CEO & Chief investment Strategist at Omniscience Capital in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Marketbuzz Podcast: The GIFT Nifty is indicating a subdued start for the Indian markets. Watch out for stocks like Godrej Industries, Kotak Mahindra Bank and Indus Towers.

Marketbuzz Podcast: The GIFT Nifty is indicating a flat start for the Indian markets. Watch out for stocks like Dixon Tech, Kotak Bank and Rain Industries.

In a positive start to the last week of 2023, the US market witnessed a rise despite low trading volumes. Major averages closed the Tuesday session with gains of half a percent each, and small-cap indices outperformed, recording a gain of more than 1%. The NASDAQ, dominated by tech stocks, hit a record high, while the broad-market index S&P is within striking distance of its record level. Banking heavyweights such as HDFC and Kotak Bank, along with Reliance Industries, played a crucial role in supporting the Nifty, helping it hold levels above 21,400. With Tuesday's gains, front-liners are now 1% away from their record levels earlier in the month. In the commodities market, the energy sector emerged as one of the best performers amid ongoing tensions in the Red Sea. Both Brent and WTI crude oil surged nearly 3% each to hit their highest levels in the last three weeks. Gold also saw an upward move, tracking a lower dollar and 10-year yield, trading just below the $2100 per ounce mark. Sectors to watch include metals, with stocks like Hindalco, Nalco, and Vedanta in focus as aluminum gained more than 3% overnight. Additionally, Adani Group stocks are in the spotlight due to fundraising plans.

Global equity markets have been rattled by concerns over rising yields, leading to a significant sell-off and a prevailing risk-averse sentiment. In the United States, all three major stock indexes experienced substantial cuts throughout the week. The NASDAQ bore the brunt of the selling pressure, plummeting by over 1.5%. Crude oil prices, after reaching a two-week high, also saw a slight cooldown, with Brent futures sliding 0.2% to $92.16 a barrel during Friday's trading session. Shifting our focus to the Indian market, several crucial developments are shaping the landscape. The country finds itself in the midst of a hectic earnings season, with results delivering a mixed bag of outcomes. Both the Nifty and Sensex endured a 1% fall, further compounded by mid-cap stocks underperforming significantly. This downturn in the mid-cap segment set a bearish tone and tilted market breadth in favor of declines. Notably, FMCG stocks such as ITC and HUL underperformed after their results disappointed investors. Additionally, city gas distribution companies like IGL and MGL faced substantial underperformance amid growing concerns about new developments. Over the weekend, two prominent banks, Kotak Mahindra Bank and ICICI Bank, released their earnings reports. Kotak Bank, in particular, announced the appointment of a new CEO, a development poised to influence market sentiment. Today, investors are keeping a close watch on pharmaceutical companies and Asian markets, as these factors are likely to influence the course of our own markets. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

Equity Cash: Kaynes, MCX Equity Derivatives: UPL 620 CE, Kotak Bank 1800 PE Index Derivatives: Nifty 20000 PE, Nifty Bank 45500 PE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

On today's episode, financial journalist Govindraj Ethiraj talks to Hemindra Hazari, A commentator with a specialisation in banking and economy research as well as Siraj Hussain, former Agricultural Secretary to the Government of India.SHOW NOTES[00:46] Prime Minister Modi highlights inflation as a global challenge[03:52] Uday Kotak steps down as CEO of Kotak Bank.[15:23] Countries are growing food to export to India [23:36] As Jio Finance flexes muscles, Bajaj Finances announces expansionFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube | Telegram

Aaj k episode main baat karenge Kotak Bank k MD & CEO Uday Kotak k baare main.Kyun kia unhone resign or kya the unke cricketer banne k aspirations?Janne k liye sunte rahiye Namastey India!

On today's episode, financial journalist Govindraj Ethiraj talks to Crisil chief economist D K Joshi, independent research analyst specialising in banking and micro-economy Hemindra Hazari, as well as Editor of Taxsutra Arun Anandagiri.SHOW NOTES[00:51] India has a looming exports challenge that is much closer to home than we think with D K Joshi[08:32] Kotak Bank faces a succession challenge and a possible face off with regulator, the Reserve Bank with Hemindra Hazari[20:08] Rainfall forecasts and numbers are now above normal and looking good for the country.[24:58] Over 65 million taxpayers raced to file their returns on July 31st, the last day for doing so with Arun AnandagiriFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube | Telegram

In this episode of Market Minutes, Shailaja Mohapatra talks about the Q1 FY24 performance of Nifty heavyweights like Reliance Industries, ICICI Bank and Kotak Mahindra Bank. Can these stocks propel Nifty to 20,000 mark? Catch Raj Deepak Singh of ICICI Securities in Voice of the Day segment to find out more. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends

Equity Cash: Indigo, Kotak Bank and Indian Hotels Equity Derivatives: VEDL 280 PE, Berger Paints 640 CE Index Derivatives: Nifty 18300 PE, Nifty Bank 43500 PE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Several investment platforms have emerged over the years and most of these have been launched by fintechs. More recently, Kotak Bank launched an investment platform called Kotak Cherry. In today's episode, we are joined by Srikanth Subramanian, CEO of Kotak Cherry, who talks to us on what his platform has to offer to investors and its future plans.

Equity Cash: IRB Infra, Glenmark Equity Derivative: NTPC 170 CE, Kotak Bank 1880 PE, ZEE Ent Fut Index Derivative: Nifty 18700 PE, Nifty Bank 44100 PE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Creativity cannot be separated from commerce. An Artist is as much of an entrepreneur, constantly building his/ her enterprise. What are those skills needed to develop your enterprise? What are your values? What are your short and long-term goals? Our guest for this episode is Mr. R Gopalakrishnan who has served as Chairman at Unilever and Director at Tata Sons. He has authored 17 books about the founders: Marico- Harsh Mariwala, HDFC- Deepak Parekh, Biocon- Kiran Mazumdar Shaw, Kotak Bank- Uday Kotak etc.Digs:1) Creating the culture of your company/ enterprise.2)Importance of transparency in an ecosystem3) Competing with Humanity and humility.4) The Dunning-Kruger effect.5)From building a company to an institution.6) Uday Kotak of Kotak Bank.7) Harsh Mariwala of Marico.8) Kiran Mazumdar Shaw of Biocon9) Deepak Parekh HDFC bank. Njoy. Email id: metaphysicallab@gmail.com/  You can follow us and leave us feedback on Facebook, Instagram, and Twitter @eplogmedia, For partnerships/queries send you can send us an email at bonjour@eplog.media   Intro Music: "Hard Boiled" by Kevin MacLeod (https://incompetech.com)License: CC BY (http://creativecommons.org/licenses/by/4.0/Outro Music: Shades of Spring by Kevin MacLeodLink: https://incompetech.filmmusic.io/song/4342-shades-of-springLicense: https://filmmusic.io/standard-license   DISCLAIMER: The views expressed on all the shows produced and distributed by Ep.Log Media are personal to the host and the guest of the shows respectively and with no intention to harm the sentiments of any individual/organization.The said content is not obscene or blasphemous or defamatory of any event and/or person deceased or alive or in contempt of court or breach of contract or breach of privilege, or in violation of any provisions of the statute, nor hurt the sentiments of any religious groups/ person/government/non-government authorities and/or breach or be against any declared public policy of any nation or state.See omnystudio.com/listener for privacy information.

In this latest episode of Figuring Out Podcast we are in conversation with Srikanth Subramanian, CEO of Kotak Cherry and we have discussed:-How investors can make a lot of money?-What are the things we need to learn and understand to create wealth?-Why is there income disparity in our country and how can we bridge this gap?-Is Recession Coming to India?-Top 3 skills everyone should learnKotak Mahindra Bank is one of the leading banks and financial services groups. Kotak Bank offers a wide range of banking and financial services such as investment banking, personal banking, general insurance, life insurance, and wealth management. To enhance its banking and services and make users more independent and knowledgeable, Kotak has introduced a new financial product and platform called Cherry by Kotak.Kotak Cherry is a one stop solution for all investments — mutual funds, gold, ETFs, NPS, bonds, stocks and much more. This platform helps people invest like experts as it has lots of rich content, easy calculators, and financial/investment tools to assist in getting the ideas and knowledge of investing. On Cherry you can invest using your Savings Account of any other Bank! Simple journeys, easy navigation, news and insights, all this is jargon-free — It's a complete Do-It-Yourself platform where you are the master!Check out the platform here: https://www.kotakcherry.com/Srikanth Subramanian's Social Media Handles ⤵︎Twitter @hisrikanthhttps://twitter.com/hisrikanth•   •   •

Equity: BEL, Kotak Bank, HAL Derivative: Intellect 640 CE, Nifty 16200 CE, Nifty Bank 34300 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Equity: Axis Bank, Kotak Bank, Coal India Derivative: United Spirits 800 PE, Nifty 16000 PE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Top headlines   ·       Sensex ends choppy day 145 pts down, Nifty holds 17,300 ·       Vedant Fashions makes decent debut; lists at 8% premium over issue price ·       Vijay Kedia-owned stock hits 10% upper circuit on order win ·       IDBI Bank gains 3% as govt set to begin investor outreach from Feb 25 ·       Firstsource Solutions hits 9-month low; tanks 44% from 52-week high   Equity markets ended an extremely volatile day on a subdued note as investors monitored the situation between Russia and Ukraine. Although reports suggested that Russian military vehicles were leaving the annexed Crimea, Western officials and the Ukrainian President urged caution in taking Russia's claims at face value.   In view of this, the BSE benchmark Sensex oscillated 789 points intra-day before closing at 57,997, down 145 points or 0.25%. The NSE Nifty also gyrated 233 points and eventually ended at 17,322, down 30 points or 0.17%.   On the bourses, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers. On the Nifty, Divis Labs, ONGC, Adani Ports, HDFC Life, and IOC were the among the gainers.   On the downside, ICICI Bank, SBI, NTPC, Ultratech Cement, Tata Steel, UPL and Tata Motors were the top laggards.   The BSE MidCap and the BSE SmallCap indices ended mixed, with the former dipping 0.03% and the latter advancing 0.42%.   Among sectoral indices, the Nifty Realty, Pharma, Consumer Durables and Oil & Gas indices ended in the green, adding between 0.5% and 1%. On the downside, the Nifty PSB index slipped 1.2%. The Nifty Metal, IT, Bank and Auto indices also closed lower by up to 0.6%.   Among individual counters, Vedant Fashions, the owner of the Manyavar brand, made a decent stock market debut, with its shares getting listed at Rs 936, an 8% premium over its issue price of Rs 866 on the BSE. The stock closed flat against its opening price, remaining 8% above the issue price. The company's IPO had received a lukewarm response, with the issue being subscribed only three times.   This apart, ace investor Vijay Kedia's portfolio stock Innovators Facade Systems was locked in the 10% upper circuit on the BSE after the company announced an order win worth over Rs 70 crore. The company was awarded this order for Design, Supply, Fabrication and Installation of Facade Work from Lodha Group. As of December 2021, Kedia held a 10.66% stake in the company.   Private lender IDBI Bank also gained 3% on the news that the government would start virtual roadshows with investors for the bank's strategic disinvestment from February 25, as the Centre and LIC looked to sell their stake to a private buyer. The roadshows will be managed by KPMG and Link Legal, which are the intermediaries appointed by the government.   Lastly, on the flip side, Firstsource Solutions continued to feel the pressure, hitting an over nine-month low on the BSE, down over 4%. The stock has corrected 44% from its 52-week high and 19% in the past two weeks after the company lowered its FY22 revenue growth guidance.

Top headlines   ·        Sensex ends 460 pts up, Nifty tops 17,600 on dovish RBI policy ·        Nykaa slips 7.5% on 59% drop in Q3 net profit ·        Mahindra Lifespaces rallies 20% on plan to buy land parcel from M&M ·        Solara Active Pharma tanks 20% on weak Q3 results ·        Govt likely weighing 5% stake sale in LIC mega IPO   Markets cheered the Reserve Bank of India's first monetary policy this calendar year where it kept key policy rates unchanged and continued with its accommodative stance to support growth. This was a tenth straight policy when the repo rate was left unchanged at 4% and the reverse repo rate at 3.35%.   The central bank's dovish stance, against what was expected, resulted in bond and stock prices surging. The 10-year government bond yields were down 0.99% at 6.7%, cooling off from the 6.9% level seen earlier this week.   In the equity market, the BSE benchmark Sensex surged 594 points to touch its intra-day high before ending 460 points higher than its previous at 58,926. On the NSE, the Nifty50 climbed 142 points, to settle at 17,606.   Tata Steel, Infosys, HDFC Bank, HDFC, Kotak Bank, M&M, Power Grid, and NTPC were the top Sensex gainers today, all up between 1% and 2%.   On the downside, Maruti Suzuki, Ultratech Cement, Nestle India, RIL, and Titan Company ended in the negative zone, all down by up to 1.7%.   The broader indices, however, underperformed the frontline indices where the BSE MidCap and SmallCap indices closed 0.3% and 0.04% higher, respectively. Among midcaps, Page Industries, Varun Beverages, Bharat Forge, Crompton Greaves, Gujarat Gas and Gland Pharma were top losers, all closing between 2% and 4% lower.   Sectorally, the Nifty Bank, Financial Services, IT, Metal, and Private Bank indices rose more than 1% each. The Nifty PSB and Auto indices were the only 2 indices that ended in the red, both down 0.05% each.   Among stocks, Solara Active Pharma Sciences was locked in the 20% lower circuit, hitting its 52-week low on the BSE after the company reported a consolidated net loss of Rs 140 crore in the December quarter due to lower revenue, against a profit of Rs 66 crore in the year-ago period.   Similarly, recently-listed Nykaa parent FSN-E commerce slipped 7.5% after reporting a 59% net profit fall to Rs 28 crore in the December quarter. Its operating profit margins also declined by 697 basis points to 6.3% from last year on the back of high marketing spends.   On the flip side, Mahindra Lifespace Developers surged 20% after the company announced its plan to buy a land parcel in Mumbai from promoter Mahindra & Mahindra. The land purchase is for an aggregate consideration of Rs 365 crore to be paid in tranches over three years, with 7% annual interest payable on reducing unpaid principal balance.   Lastly, reports suggested on Thursday that the government was considering selling about 5% of its stake in state insurer LIC as it prepared to file draft papers for the country's biggest IPO this week. The government reportedly plans to offer 316 million of its 6.32 billion shares in LIC. There will be no fresh issue of shares.

Top headlines ·       Sensex dips 1,024 pts on downbeat sentiment; Nifty holds 17,200 ·       Nifty PSU Bank index outperforms benchmarks; SBI hits record high ·       IndiGo soars 10% on strong rebound in Q3 bottom line ·       DB Realty freezes at 5% upper circuit; board to mull fundraise ·       Vedant Fashions IPO sees 20% subscription on day 2   The triple whammy of rising crude oil prices, sell-off by FIIs, and fears of liquidity crunch amid monetary policy tightening by global central banks hit Indian benchmark equity indices on Monday. The market saw high volatility a day before the RBI monetary policy committee begins deliberations over key policy rates in the face of rising inflation.   The frontline BSE Sensex shed over 1,300 points to touch its intra-day low before ending 1,024 points, or 1.75% lower, at 57,621. On the NSE, the Nifty50 index slipped below the 17,150 mark during the day but settled at 17,214, down 303 points or 1.73%.   L&T, down nearly 4%, was the top laggard on the Sensex. It was followed by HDFC Bank, Bajaj Finance, HDFC, Bajaj Finserv, Kotak Bank, Titan, and ICICI Bank.   Only 5 stocks ended higher on the 30-pack index, including Power Grid, Tata Steel, SBI, NTPC, and Ultratech Cement, while only 8 stocks were in the green in the Nifty-50 pack.   Meanwhile, in the broader markets, the MidCap and SmallCap indices on the BSE outperformed the headline indices and ended 1.3% and 0.8% lower, respectively.   Sectorally, all indices except the Nifty PSU Bank index closed in the red zone. The PSU index was an outlier, closing 0.9% higher after it hit an over two-year high earlier in the day. The upmove came after select banks reported a solid set of numbers for the December quarter.   SBI hit a record high today on reporting a 62% year-on-year rise in net profit, while Bank of Baroda gained 6% as its profit after tax doubled in the reporting quarter.   On the flip side, the Nifty Private Bank index closed over 2% lower, dragged by heavyweights HDFC Bank and ICICI Bank. The Nifty Pharma, IT, Realty and Auto indices closed over 1% lower.   Among stocks, InterGlobe Aviation, the parent company of airline IndiGo, surged nearly 10% after the company's bottom line slipped back into green after a series of losses in previous quarters. The airline posted a profit after tax of Rs 128 crore, against a loss of Rs 626 crore in the year-ago period, while its revenue also rose by a massive 89% year-on-year to Rs 9,294 crore.   Further, the shares of DB Realty were locked in the 5% upper circuit, bouncing 10% up from their intra-day low on the BSE. This came on the back of heavy volumes, despite Godrej Properties cancelling its plans to invest Rs 700 crore in the real estate company. Its board will meet on Wednesday, February 9, to consider a fundraising proposal.   Lastly, in the primary market, the IPO of Manyavar brand owner Vedant Fashions did not pick up pace even on the second day of subscriptions. As of 4 PM, the IPO had been subscribed only 20%, while the retail investor category was subscribed 31%. The Qualified Institutional Buyer and the Non-Institutional Investor categories were subscribed only 0.11 and 0.08 times, respectively.

Aaj ke episode me baat karenge BharatPe ke Co-Founder aur Shark Tank India ke Judge Ashneer Grover ke Rs. 4000 Crore ke exit demand ke baare me aur janenge kya hai poora manjhra Kotak Bank aur Ashneer Grover ka

Top headlines   ·       Sensex slips 143 pts; Nifty holds 17,500; Realty worst hit ·       Nifty Metal shines; Hindustan Copper gains 6% ·       Godrej Properties slumps 10% as board approves stake buy in DB Realty ·       Monte Carlo Fashions sheds 10% on weak Q3 results ·       Vedant Fashions IPO subscribed only 11% on day 1   Mixed global cues kept the domestic equities volatile throughout the day on Friday, as Brent crude inched closer to $93-a-barrel mark, and bond yields climbed in the US and India, adding to the nervousness in the markets.   The BSE Sensex oscillated 517 points intra-day and eventually settled 143 points lower at 58,645. The Nifty50, on the other hand, ended at 17,516, down 44 points. Both benchmarks were down 0.2% each.   In the Sensex pack, SBI was the biggest loser. It dropped over 2%. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other major losers.   On the upside, Sun Pharma, Asian Paints, Tata Steel, UltraTech Cement, and Bajaj Finance were the major gainers, all rising up to 1.4%.   The broader markets underperformed the benchmarks, with the BSE MidCap and SmallCap indices closing 0.7% and 0.45% lower, respectively.   Elsewhere in Asia, markets ended higher, with Japan's Nikkei and South Korea's Kospi rising 0.7% and 1.6%, respectively. European markets, however, were little changed. This was after the European Central Bank kept interest rates unchanged on Thursday, despite record inflation levels across the euro zone. The Bank of England, however, increased rates, in a first back-to-back rise since 2004.   Back home, among sectors, the Nifty Realty index was the biggest loser today. It closed 3% lower, and was followed by Nifty PSU Bank and Nifty Auto indices, which shed 2% and 1%, respectively. The Nifty IT and FMCG indices ended flat.   On the other hand, the Nifty Metal index was the sole gainer. It ended 1% higher in a weak market. Metal stocks have been gaining after the Union Budget proposed to extend customs duty exemption on steel scraps for a year. Index constituents Hindustan Copper, Vedanta, Ratnamani Metals, Hindustan Zinc and Jindal Steel were the top gainers, all up between 1% and 6%.   Among stocks, Monte Carlo Fashions lost 10% after investors were disappointed with its December quarter performance. The apparel company's net profit declined 2.4% year-on-year to Rs 77.45 crore. Its EBITDA margins also came lower at 24.6%, against 28.8% in the year-ago period.   Further, Godrej Properties slumped nearly 10% after its board approved an investment of Rs 400 crore in DB Realty to acquire around a 10% stake. The stock has tanked 16% in the past two sessions. The company also reported a subdued performance in the December quarter as its pre-sales volumes declined 7% year-on-year and 39% sequentially.   Lastly, the IPO of Manyavar owner Vedant Fashions saw a tepid response from investors on day 1 of the subscription period. As of 3:50 pm, the IPO had been subscribed only 11%, with the retail investor portion being subscribed 20%. The Non-Institutional Investor and Qualified Institutional Buyer categories did not see much participation.

Top headlines   Sensex gains 814 points ahead of Budget in broad-based rally Nifty PSU Bank soars 12% in four days; SBI nears record high Hotel stocks rally on improved outlook after third wave Govt okays Neelachal Ispat sale to Tata Steel Long Products; stock rises 6% Adani Wilmar IPO subscribed 17.36 times; GMP halves in a week   Bulls marched on Dalal Street on Monday, a day ahead of the Union Budget, as investors eyed pro-reforms, pro-growth measures from the annual document. This came after the Economic Survey said that the Indian economy was well placed to take on the challenges of FY23.   The survey projected that the country's economic growth would remain between 8 per cent and 8.5 per cent in FY23 amid wide vaccination coverage and supply-side reforms in the pipeline. For FY22, it estimated 9.2% growth.   This said, the BSE benchmark Sensex rallied over 1,000 points intra-day before settling 814 points higher at 58,014. The NSE Nifty rose 238 points to end at 17,340. Both these frontline indices gained 1.4% each.   In the broader markets, the BSE MidCap and SmallCap indices advanced 1.76% and 0.99%, respectively.   A large part of today's rally in the headline indices was led by IT stocks like Tech Mahindra, Wipro, Infosys and HCL Tech, along with financials like the Bajaj twins and SBI, and heavyweights Reliance Industries and Bharti Airtel.   On the downside, IndusInd Bank was the worst hit on profit booking after its Q3 results. Kotak Bank, and HUL were the other losers on the Sensex.   Within the broader market universe, the shares of AGS Transact Technologies debuted flat on the bourses at Rs 176 apiece, compared with an issue price of Rs 175. After listing, the shares fell and closed 8 per cent lower than the issue price.   Sectorally, top gainer Nifty Realty rose 3%. It was followed by the Nifty IT and PSU Bank indices, which gained 2.9% each. The shares of public-sector banks continued their upward movement for a fourth day, with the PSU Bank index gaining 12% during this period. From this pack, Canara Bank hit a 52-week high, while SBI was close to the record high it had hit on November 3.   Hotel companies also rallied amid a healthy earnings outlook, as higher vaccination and lower hospitalisation rates could lead to a much stronger rebound this time than the second wave. From the sector, Lemon Tree Hotel, Indian hotels, Oriental Hotels, Chalet Hotels and Asian Hotels were the top gainers, all up between 4 per cent and 9 per cent.   Further, among individual stocks, smallcap Tata Steel Long Products surged over 15 per cent intra-day on the BSE after the government approved the sale of loss-making Neelachal Ispat Nigam Ltd to the company for Rs 12,100 crore. By close of the session, it pared some of the gains and ended 6% up. MMTC Ltd, which holds a 49.7% stake in Neelachal Ispat also surged 10% on the development. In the primary market, the IPO of Adani Wilmar had been subscribed 17.36 times as of 4:30 PM on the final day, with the non-institutional investor portion seeing the highest subscription of 56.3 times, while the retail investor and qualified institutional buyer categories had been subscribed 5.73 and 3.9 times, respectively. However, last week's sell-off eroded half of the IPO's GMP. Now that translates into a listing premium of just 10-20 per cent.   On Tuesday, the markets will gear up for the Union Budget for 2022-23. Additionally, auto companies may also be watched as they release their respective January sales data.

Top headlines   ·        Sensex sheds 656 points, Nifty ends below 18K amid weak global cues ·        Bajaj Finance hits new high on Q3 results; falls on profit-booking later ·        Paytm hits new low; declines 26% in three weeks ·        Sterlite Tech tanks 7% on disappointing Q3 numbers ·        AGS Transact Technologies IPO subscribed 85% on day 1   The benchmark indices on Wednesday ended with deep cuts as they extended losses for a second day amid weak global cues and rising bond yields. The 10-year US Treasury yield hit 1.9% today, its highest level since December 2019. Meanwhile, the UK saw its inflation rate soaring to a 30-year high of 5.4% in December.   Given this, the frontline BSE Sensex plunged 656 points, or 1.08%, to close at 60,099 after hitting an intra-day low of 59,949. The NSE Nifty50 ended below the 18,000 mark, at 17,943, down 170 points or 0.9 per cent.   Among the laggards, Infosys, ICICI Bank, HDFC and TCS together accounted for almost 60% of the loss for the Sensex. Asian Paints, Hindustan Unilever, Bajaj Finance, Kotak Bank, and Nestle were the other major draggers.   The broader indices, however, outperformed the benchmarks, with the BSE MidCap index ending 0.34% lower and the BSE SmallCap rising marginally by 0.03%.   Sectorally, barring auto, metals and energy, all other Nifty indices closed in the red, led by IT which was 2% lower. FMCG and financials were the other major losers, down 1% each.   The Nifty PSB index, on the other hand, was the top gainer, up 2% after reports said the government had cut FY22 recapitalisation amount for public banks to Rs 15,000 crore due to lower demand.   That apart, among stocks, the shares of Bajaj Finance hit a record high of Rs 8,043 on the BSE after the NBFC reported a strong 85% year-on-year jump in consolidated profit after tax in Q3, beating Street estimates. However, the stock later fell on profit booking and closed 2.3% lower.   On the flip side, the stock of Paytm parent One97 Communications, hit a new low, which was less than 10 per cent away from touching Macquarie's downgraded target price of Rs 900 apiece. The stock has slipped 26% in the past three weeks and at present it is 54% below its issue price.   Further, Sterlite Technologies also tanked 7.5% after a disappointing set of December quarter numbers. The company posted net loss of Rs 137.1 crore, as against a profit of Rs 86.6 crore a year earlier. Its revenues stood at Rs 1,356 crore, up 3.1% from last year.   In the primary market, the IPO of AGS Transact Technologies was subscribed 85% as of 4:00 pm on the first day of its subscription. The retail investor and the non-institutional investors portions were subscribed 1.3 times and 1 time, respectively, whereas the qualified Institutional buyer portion was not subscribed at all.   Lastly, companies like Asian Paints, Hindustan Unilever, Bajaj Finserv and Biocon will announce their Q3 results on Thursday. These will all be keenly watched.

Top headlines   ·       Sensex falls 554 points, Nifty below 18,150 amid weak global cues ·       Prestige Estates surges 8% to hit life-time high on strong Q3 sales ·       AGS Transact Technologies IPO to open on Wednesday and close on January 21 ·       Delhivery gets SEBI's approval for Rs 7,460-crore IPO   Equity markets turned sharply lower in the fag-end of Tuesday's session as global cues became bearish. The 10-year US Treasury yield jumped to its highest in two years, topping 1.83 per cent. In the commodity market, international benchmark Brent crude futures rose 1.6% to $87.89 a barrel, and in the US, futures tied to Dow Jones, S&P 500 and Nasdaq 100 indices slipped 0.8 to 2%.   Back home, the BSE Sensex shed 554 points, or 0.9 per cent, to close at 60,755. The NSE Nifty50 ended at 18,113, down 195 points or 1 per cent. During the day, the indices hit intra-day lows of 60,662 and 18,086, respectively.   Only 7 Sensex constituents – Axis Bank, HDFC Bank, ICICI Bank, Dr Reddy's Labs, Kotak Bank, Titan Company, and Nestle India – managed to end in the green. Losses, on the other hand, were led by Maruti Suzuki, Ultratech Cement, Tech Mahindra, HCL Tech, Tata Steel, and IndusInd Bank.   The volatility index was up 6% at 17.78, indicating jitters among investors.   Sectorally, all Nifty indices ended significantly lower, with highest losses in realty, auto, and metals. The three indices closed over 2% down. All others were over 1% lower, barring banks and financials which ended marginally down.   Among individual stocks, shares of Prestige Estates Projects hit a record high, rallying 8% on the BSE after the real estate company said it registered its highest ever quarterly sales in the December quarter at Rs 4,267 crore, up 111% year-on-year. The stock closed 2.5% up.   On Wednesday, auto majors Bajaj Auto and Ceat are likely to be in focus along with Sterlite Tech as these companies will announce their Q3 results.   Further, the first IPO of calendar year 2022 will open for subscription tomorrow. Cash management services provider AGS Transact Technologies' offer will open on Wednesday and close on January 21. The price band for the issue has been fixed at Rs 166-175 per share. The company plans to raise Rs 680 crore through the issue, which is entirely an offer for sale.   Lastly, e-commerce logistics firm Delhivery has received the approval of the Securitries and Exchange Board of India to raise Rs 7,460 crore through an initial public offering. The IPO comprises a fresh issue of shares worth Rs 5,000 crore and an offer for sale of Rs 2,460 crore by existing shareholders. Through the offer-for-sale, investors Carlyle Group, SoftBank and Delhivery's co-founders will divest parts of their shareholding.

The equity markets ended the day in the positive territory for a third session after facing bouts of volatility during the day. After oscillating 408 points, the BSE Sensex index ended at 60,617 level, up 221 points or 0.37 per cent. Its counterpart, the Nifty50 shut shop at 18,056 levels, higher by 52.45 points or 0.29 per cent. Private mortgage lender HDFC was the top contributor towards the Sensex's total gains, followed by RIL, HCL Technology, TCS, Infosys and Tech Mahindra. All these counters were up between 1 per cent and 4.4 per cent. On the downside, Tata Steel, Bajaj Finance, Kotak Bank, ITC, and Dr Reddy's were the top laggards. The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed. AU Small Finance Bank, Trent, Gujarat Gas, Emami Paper Mills, and Texmaco Rail were the top gainers from the space. Gabriel India, Omaxe, Poonawalla Fincorp, and Vodafone Idea, meanwhile, were the biggest losers. Sectorally, the Nifty Metal index was the biggest loser of the day, and ended nearly 2% lower after brokerage Jefferies expressed lower optimism on the sector as weak macro and demand concerns in China are seen weighing on metal prices. The brokerage downgraded its ratings on Tata Steel from 'Buy' to 'Hold' and JSW Steel from 'Buy' to 'Underperform'. The two stocks closed 3% lower.  Auto, FMCG, Pharma, consumer durables and telecom, too, broadly ended on a muted note. On the contrary, the Nifty IT index was the top gainer, which ended 1% higher, followed by realty and energy sector stocks. IT majors TCS, Infosys and Wipro are set to announce their Q3 results tomorrow after market hours.  Among individual stocks, debt-ridden telecom player Vodafone Idea was in the limelight today as the stock crashed over 22% after the company said it has opted to convert interest on deferred spectrum and AGR dues into equity. With this, the government will now become the largest shareholder of the company with a 35.6% stake. Today's slide has led the stock to correct 31.5% from its 52-week high level touched on December 10, 2021. Among those listed recently, shares of PB Fintech, the parent company of Policybazaar, hit a new low after it fell nearly 5% on the BSE. In the past one month, the share price has dipped 25% following the expiry of the mandatory lock-in period for anchor investors on December 13, 2021.  On the flip side, the shares of JBM Auto were locked at the 5% upper circuit and hit a new high on the BSE after the company announced the acquisition of 51% stake in group companies JBM Green Energy Systems and JBM EV Industries. In the past two months, the stock of the automotive company has zoomed 123%.  Overall, 1,941 stocks advanced on the BSE while 1,505 declined and 67 ended flat. Among these, 615 stocks hit their respective upper circuits, while just 7 of these hit lower circuits.

Top headlines   Sensex rallies 367 pts, ends above 60,000; Nifty holds 17,900 Thermax surges 7% on Rs 546-crore order Talbros Automotive zooms 27% in 2 days as investor Vijay Kedia increases stake Future Retail falls 6% as Delhi High Court rejects plea to dismiss Amazon arbitration India's Services PMI at a three-month low of 55.5 in December amid Omicron fear   The benchmark indices' strong rally continued for a fourth straight day, despite a quiet start of the session today. The BSE Sensex reclaimed the crucial 60,000 mark as investors expected Covid-related restrictions to ease sooner than expected.   Market participants also expect the uncertain outlook to delay policy tightening by global central banks, keeping liquidity taps running for equity markets.   The Sensex settled at 60,223, up 367 points or 0.6 per cent. On the NSE, the Nifty50 marched past the 17,900 mark and closed at 17,925 levels, up 120 points or 0.67 per cent.   Technically, the Nifty has reached its hurdle zone of 18,000-18,100, where investors can look to trim their long position. Further, if the index manages to sustain above this resistance, it may enter a fresh breakout and inch towards its previous swing high.   The Bajaj twins were the top Sensex gainers after Bajaj Finance reported 8.6% quarterly growth in assets under management during the October-December period. The duo gained up to 5%.   Kotak Bank, Axis Bank, Tata Steel, HDFC Bank, Asian Paints, and SBI were some of the additional gainers. On the downside, Tech Mahindra, Infosys, HCL Tech, and Wipro were the top laggards.   The broader markets, however, continued to underperform for a second straight day. The BSE MidCap index ended 0.4 per cent higher while the BSE SmallCap index closed mildly in the red.   That said, volatility was high in the markets with the fear gauge – India VIX – rallying nearly 7 per cent.   A large part of today's rally was propelled by financial and banking counters, with 7 of the top 10 index contributors from this space.   Banks put up a robust run with the Nifty Bank index closing 2.3% higher. Other strong performers were metals, auto, realty and energy indices, which ended with a gain of over 1% each.   Meanwhile, high selling pressures remained unabated in defensive sectors, especially IT, which caused the Nifty IT index to end nearly 2% down. Pharma, the second-worst performer, closed 0.3 % lower.   Similarly, airlines also had a weak showing amid a rapid increase in Covid-19 cases across the country and several states enforcing strict lockdown-like restrictions. SpiceJet, IndiGo and Jet Airways slipped 1.6%, 3.2% and 0.3%, respectively, on the BSE.   Among individual stocks, Thermax gained over 6% after the company announced it bagged an order worth Rs 546 crore from a public sector power company.   That apart, the shares of Talbros Automotive Components rallied 20% to touch a new life-time high on the BSE. The stock price of the auto ancillary company has zoomed 81% in the past six weeks with ace investor Vijay Kedia buying nearly 2 per cent in the company through the open market.   On the flip side, Future Retail fell 6.3% as the Delhi High Court on Tuesday rejected the Future Group's plea seeking to quash the arbitration proceedings initiated by Amazon in the Singapore International Arbitration Centre.   Lastly, on the macroeconomic front, India's services sector activity, as measured by the Purchasing Managers' Index, or PMI, fell to a three-month low of 55.5 in December from 58.1 in November. This came as several states imposed night curfews ahead of the Christmas season amid Omicron fears.   Moreover, economists expect a mild downward risk to their earlier GDP forecasts as restrictions would affect services. The curbs may pull down economic growth in the range of 10-30 basis points in the fourth quarter, some of them said.

Top headlines   ·       RIL, HDFC, TCS power 673-point rally for Sensex; Nifty tops 17,800 ·       Sugar stocks rally on strong outlook; Triveni, Balrampur hit new highs ·       Two Tata Group stocks zoom over 2,400% in one year ·       Vedanta slides over 6% after announcing aluminium output Oct-Dec quarter   The key benchmark indices rallied for a third straight day today as investors looked past the surging coronavirus cases in the country. After erasing morning gains and hitting a low of 59,084 in early deals, bulls lifted the BSE Sensex index over 853 points from the day's low. The index finally settled 673 points, or 1.14 per cent, higher at 59,856. Its NSE counterpart Nifty50, too, zoomed 181 points to settle above the 17,800-mark at 17,807.   NTPC, which gained over 5 per cent, was the top Nifty gainer. It was followed by ONGC, PowerGrid, SBI, Titan and RIL. On the downside, Tata Motors, Coal India, Sun Pharma, Shree Cement, and Tata Consumer Products capped the upsides for the index.   The broader markets, on the other hand, underperformed the benchmarks by a wide margin. The BSE MidCap and SmallCap indices ended with small gains of 0.05 per cent and 0.4 per cent, respectively.   Sectorally, banking shares were largely responsible for the up move throughout the day. The Nifty Bank index closed 1.2% up, led by gains in SBI, Axis Bank, Kotak Bank, ICICI Bank and HDFC Bank. Another winner was the Oil & Gas index, which closed 1.3% higher. ONGC, Reliance, Gujarat Gas, GAIL, and IOC clocked gains ranging between 0.9 and 4%.   The IT index, which was an underperformer in the early part of the day, also recouped losses and closed in the positive zone. Pharma, on the other hand, could not recover and ended 0.8% lower.   The shares of sugar companies were also in demand. They rallied as much as 20 per cent amid heavy volumes on a strong outlook. Triveni Engineering & Industries soared over 12 per cent, crossing its previous high level hit on December 28 on the BSE.   Similarly, Balrampur Chini Mills surged over 14% to touch a new record high level. Others such as Dwarikesh Sugar and Uttam Sugar closed 20% higher on the BSE. Rating agency CRISIL expects sugar mills to see improvement in both revenue and profitability in the 2022 season on the back of a 16-17 per cent rise in sugar prices.   That apart, among stocks, share prices of Tata group companies Tata Teleservices Maharashtra and Automotive Stampings & Assembles were locked at the 5% upper circuit on the BSE. The stock prices of the two companies have zoomed over 2,400 per cent in the past one year, as against a 23% rise in the Sensex during this period.   On the down side, mining major Vedanta was among the top losers as the stock crashed over 6% on the BSE. Investors seemed to have been unimpressed with the company's aluminium output numbers for the Oct-Dec quarter. The company said it produced 579,000 tonnes of cast metal aluminium at its smelters in the December quarter, a 16 per cent rise from a year ago, but only a marginal jump of 2 per cent over the previous quarter. The Lanjigarh refinery, meanwhile, produced 472,000 tonnes of alumina, 8% less than in the preceding quarter.

Top headlines   ·        Sensex gains 460 points to end record-breaking year with a bang; up 22% in 2021 ·        Indigo Paints zooms 16% after brokerage firm Motilal Oswal gives Buy rating ·        SmallCap Responsive Industries zooms 65% in 3 days on FY22 half-yearly turnaround ·        CMS Info Systems rallies smartly after a listless listing ·        GST Council defers rate hike in textiles, refers issues to group of ministers   The key benchmark indices ended the record-breaking year 2021 on a higher note. The BSE Sensex and NSE Nifty displayed a firm trend throughout the day on the back of steady gains in auto, financials, FMCG and index heavyweight Reliance Industries.   The Sensex touched a high of 58,409 before ending the day with a gain of 460 points at 58,254. In total, the total gain for the index this week was 1,130 points.   The Sensex finished the calendar year with a solid gain of 22%. It touched a new life-time high of 62,245 on October 19, 2021. The NSE Nifty today settled 150 points higher at 17,354, and was up a whopping 24% through 2021.   Titan was the top gainer among the Sensex 30 stocks. It ended 3.5% higher at Rs 2,522. UltraTech Cement and Kotak Bank were up around 2.5% each. Maruti, Axis Bank, SBI, Bajaj Finserv, HDFC Bank, Nestle and Sun Pharma were the other major gainers.   Among losers for the day, IT stocks underperformed on selective profit-taking and NTPC slipped 2%.   The broader markets outperformed the benchmark indices. The BSE Midcap and Smallcap were up 1.4% and 1.2%, respectively.   Textile stocks ended with strong gains after the GST Council decided to defer implementation of the GST rate increase. TT Ginni Filaments and Super Spinning were the major gainers, up 10-11% each. Salona Cotspin, SPL Industries, GTN Textiles, Digjam and Bombay Dyeing were among the other major gainers, All of them rose about 5% each.   Among sectors, the BSE Metal and Consumer Durables indices were up over 2% each. The auto and telecom indices gained 1.7% each. The Bankex, FMCG, Oil & Gas and Realty indices also finished with gains of over 1% each.   Among individual stocks, Indigo Paints was in the spotlight. The stock rallied nearly 16% on the BSE after Brokerage firm Motilal Oswal initiated a coverage on the stock with a 'Buy' rating and a target of Rs 2,270. The brokerage said the company had successfully surpassed the high entry barriers of the Indian paints industry.   Further, CMS Info Systems had a muted debut, with the stock getting listed at Rs 218.50 on the BSE - a 1.2% premium to its issue price of Rs 216 per share. The stock, however, rallied in the latter half of the trading day and ended 10% higher than its issue price.   Lastly, among small caps, another paints and furniture company Responsive Industries rallied over 19% on the BSE after the company recently announced its quarterly and half-yearly numbers for the the period until the end of September. The company reported a turnaround, with a net profit of Rs 6.60 crore, against a net loss of Rs 4.13 crore in the same period a year earlier. The stock has zoomed a whopping 68.7% in the past three trading sessions alone.

Top headlines Sensex snaps 3-day rally, ends 191 pts lower; Nifty holds 17,000 Data Patterns sees blockbuster debut at 48% premium HCL Technologies surges 5% amid block deal buzz L&T Finance Holdings dips 7% on divestment of Asset Management business Bank of America expects 8.2% GDP growth for India in FY23 with more downside risks   The key benchmark indices snapped their 3-day winning run as traders preferred to book profits following recent gains. The BSE benchmark oscillated 810 points intra-day and ended 191 points lower at 57,124. During the week, the Sensex clocked a marginal gain of 84 points.   The NSE Nifty, meanwhile, moved in a range of 246 points, and finally finished with a loss of 69 points at 17,004.   The index has formed a strong support zone at 16,900. If it manages to hold above this zone, one can expect a positive movement in coming sessions. But if it fails, some profit booking towards 16,800-16,700 levels could take place, said Rohit Singre, senior technical analyst at LKP Securities.   HCL Technologies was the top gainer among the Sensex 30 stocks and ended 3 per cent higher after more than 7 million equity shares changed hands at the counter. Reports suggested that the promoters planned to buy 4.5 million shares of the company from the open market at a 5 per cent premium.   Tech Mahindra was the other major gainer, along with Asian Paints, Wipro, Infosys and ITC.   On the down side, NTPC shed 2.7 per cent and was the top Sensex loser. Mahindra & Mahindra, Kotak Bank, UltraTech Cement, Axis Bank, and Bajaj Finserv were the other prominent losers, all down over one per cent each.   Amid the IPO flurry, one more company debuted in the secondary market with strong gains. Data Patterns made a bumper debut, listing at Rs 864, a 48 per cent premium over its issue price of Rs 585 per share on the BSE. The defence and aerospace electronics solutions provider pared some gains later and closed 29 per cent higher on the exchange.   Further, the BSE Midcap and Smallcap indices ended with losses of 1.2 per cent and 0.6 per cent, respectively.   In the broader market, L&T Finance Holdings tanked 7 per cent intra-day after the company announced divestment of its asset management business.   Among sectoral indices, the BSE Power index slumped 1.8 per cent while the IT index finished 0.7 per cent higher.   Meanwhile, in other news, Bank of America Securities has estimated an 8.2 per cent GDP growth in the next financial year for India, warning that the New Year will be riskier in terms of growth, inflation and the impact of monetary policy normalisation on consumption demand. It believes that the biggest risk to the projection is a derailed consumption demand that has been the main growth driver for several past years.   Also, the winning streak for Indian stocks is seen losing momentum as sentiment is stressed on the prospect of tighter monetary policy and smaller stimulus spending in the coming year. Large FII outflows have also slowed the positive pace of the markets.   Next week, markets will continue to see volatility and whipsaw-like movements as they respond to Omicron-related developments and the monthly expiry. The week may see sectoral rotation, with beaten-down industries gaining traction.

Top headlines   ·       Benchmarks end near 4-month lows amid Omicron scare; Sensex tanks 1,190 pts ·       Realty, metals worst hit in broad-based sell-off ·       Oil prices fall up to 5% as demand concerns weigh ·       Centre bans futures trade in seven agri commodities ·       Singapore index steals a march over NSE in Nifty futures volumes in 2021   Frontline indices slumped to their lowest levels in 4 months as surging Omicron cases triggered tighter restrictions in Europe and threatened to be a drag on the global economy into the New Year. Besides, heavy FPI selling, dwindling rupee, concerns over slowing Chinese economic growth, and sharp sell-off in index heavyweights resulted in a bull massacre.   Globally, shares dropped and oil prices fell by 5 per cent on Covid-19 concerns and tighter monetary policies by global central banks. Futures on the Dow Jones Industrial Average dropped 1.3 per cent, while those of S&P 500 and Nasdaq 100 declined up to 1.4 per cent. In Europe, the pan-European Stoxx 600 dropped 2 per cent in early trade and Japan's Nikkei led the losses in Asia with a 2.2 per cent fall.   Against this backdrop, Indian benchmarks settled 2 per cent lower amid across-the-board sell-off. The S&P BSE Sensex tumbled 1,190 points to close at 55,822 and the Nifty50 ended at 16,614, down 371 points.   However, the indices did stage a partial recovery during the fag end of the session to settle 1 per cent higher from the day's lows.   According to Vinod Nair, head of research at Geojit Financial Services, the Indian markets are reaching the last phase of this consolidation in terms of price correction. Some pockets have become fair and long-term investors can buy high-quality stocks with a focus on defensive stocks and India-focused businesses.   Yash Gupta, equity analyst at Angel Broking also believes buying on dips can be a prudent strategy with a focus on defensive bets.   As regards today, BPCL ended the session as the worst performer on the Nifty index, slipping 6.5 per cent. It was followed by Tata Motors, Tata Steel, IndusInd Bank, Bajaj Finance, Coal India, SBI, ONGC, HDFC Bank, Kotak Bank and RIL. All these shares dropped between 3 per cent and 5 per cent.   The broader markets underperformed the large-cap peers with the mid-cap and small-cap indices on the BSE ending over 3 per cent lower each.   Among individual stocks, AU Small Finance, Oil India, Nykaa, Sona Comstar, RBL Bank, Mindtree, Policybazaar, and Spandana Sphoorty tumbled in the range of 6-10 per cent.   On the upside, though, the shares of Future Group's listed companies rallied 20 per cent on the BSE after the Competition Commission of India (CCI) on Friday suspended Amazon's 2019 deal with Future Retail (FRL).   Among sectors, the Nifty Realty index shed 5 per cent, PSB Index fell 4.5 per cent, and the Metal index tanked 4 per cent. All other sectoral indices were down up to 3.5 per cent.   In the primary market, the three-day IPO of Surpriya Lifescience has been subscribed over 67 times so far on the final day of the issue.   Meanwhile in another development, the Securities and Exchange Board of India (SEBI) has barred exchanges from launching new futures contracts in paddy (non-basmati rice), wheat, chana, mustard seeds and its derivatives, soybean and its derivatives, crude palm oil, and moong, for one year. The order, which will come into immediate effect, is meant to check rising prices of some of these commodities, mainly oilseed complexes and pulses.

Top headlines   Sensex, Nifty slide 3% in 1 week as hawkish monetary policies and Omicron concerns weigh IT stocks dazzle in a weak market on Accenture's stellar earnings show Govt mulls changes in law to cut govt stake in PSU banks RBI discusses private cryptocurrencies at its board meeting   Stocks across the board, barring the IT sector, witnessed significant selling pressure on Friday as unwinding of global stimulus packages dented sentiment. That apart, unforeseen threat from the Omicron variant of coronavirus and high inflation kept bulls at bay all through the day.   The BSE Sensex tanked to a low of 56,951, and eventually settled with a loss of 889 points at 57,012. The NSE Nifty50, meanwhile, slumped to a low of 16,966 intra-day, and ended with a loss of 263 points at 16,985. This was the first time since December 6 that the Nifty ended below the 17,000 mark.   Amid persistent FPI selling, a weaker currency, and worries due to fresh restrictions across global economies due to the new Covid-19 variant, the frontline indices declined 3 per cent during the week.   As regards today, index heavyweight Reliance Industries plunged 2.6 per cent, and alone accounted for a fifth of the total loss for the BSE benchmark. That apart, HDFC twins, ICICI Bank, Kotak Bank, and HUL were some of the other major draggers.   On the positive side, Infosys surged 3 per cent. It was followed by HCL Technologies, PowerGrid, Sun Pharma and TCS. Shares of information technologies companies were in demand today after global IT consultancy firm Accenture reported strong results for the quarter ended November and also gave a strong FY22 outlook.   The broader indices also finished with deep cuts, with the BSE Midcap and Smallcap indices falling 2.4 per cent and 2 per cent, respectively. The overall breadth favoured sellers, with more than two stocks declining on the BSE for every advancing share.   Among individual stocks, the shares of Kopran hit their highest level since 1994 after freezing at 5 per cent upper circuit for a second straight day. In the past 21 months, the stock price of the company has zoomed a whopping 1,874 per cent.   On the contrary, RateGain Travel Technologies made a weak debut as the shares listed at Rs 360, a 15 per cent discount to its issue price of Rs 425 per share on the National Stock Exchange. Further, it dropped to a low of Rs 334 intra-day before settling at Rs 337.5.   The weakness in the secondary market, however, failed to deter primary market investors. Till 4:15 PM on day 2 of the offer, the IPO of Surya Life Science was subscribed over 5 times. The retail quota was subscribed 24.5 times and NIIs over 2 times.   HP Adhesives, meanwhile, was subscribed over 20 times on the last day of the offer.   A look at some other top developments of the day:   The central board of the Reserve Bank of India reviewed the current domestic and global economic situation, evolving challenges and remedial measures. The Board also discussed various aspects related to Central Bank Digital Currency and Private Crypto Currencies.   The government is considering changes that would make it easier to lower its stake in state-run banks, reported Bloomberg. The proposals – if approved – would allow the government to gradually lower its holding in state-run lenders to 26% from 51% without diluting its grip on management appointments.   Lastly, Omicron case-load has topped the 100 mark in India. The virus has been detected in 11 states so far, with Maharashtra's tally at 32.

Top headlines • Benchmarks end lower for a second day; Sensex slips 166 pts, Nifty holds 17,300 • NBFCs to come under the ambit of PCA framework from Oct 2022 • Shriram Transport Finance slumps 7% as analysts see limited near-term synergy after merger • Anand Rathi Wealth debuts at 9% premium • WPI-based inflation hits 12-year high of 14.2% in Nov • Data Patterns IPO sails through on first day Investors chose to stay on the sidelines for a second straight day on Tuesday as major central banks meet this week to assess risks from the new Omicron variant of coronavirus. The global balancing act will begin later today when the US Federal Reserve convenes its latest two-day meeting, and includes new monetary policy statements by the US central bank on Wednesday. Meanwhile, the European Central Bank and the Bank of England will meet on Thursday, and the Bank of Japan on Friday. That apart, studies that the Omicron variant has the potential to drive a further wave of infections, including among those already vaccinated, soured sentiment on the Street. Back home, India's annual wholesale price index-based inflation in November accelerated to 14.23 per cent, its highest level since April 2005, boosted by increase in manufacturing and food prices, fuelling concerns of rising inflationary pressure. All these triggers drove bulls away from the Street, taking benchmarks down by 0.3 per cent today. The BSE Sensex slipped 166 points to end at 58,117, while the Nifty50 closed 43 points lower at 17,325. In the intra-day deals, the BSE benchmark oscillated over 500 points and the Nifty swung 150 points. ITC, down nearly 3 per cent, was the top drag on the Sensex today after the company held its first ever analysts' meet. Among the notable announcements, ITC informed investors that it was redefining its portfolio, accelerating FMCG exports, considering digital as an area of investment, and was fuelling growth in hotel business. Bajaj Finance, Kotak Bank, Bharti Airtel, RIL, and Bajaj Finserv were some of the other top laggards. On the upside, Power Grid, Nestle India, Axis Bank, and Dr Reddy's Labs were the outperforming counters on the Sensex. In the broader markets, the BSE MidCap slipped 0.4 per cent, while the BSE Smallcap ended with minor gains. Among individual stocks, Anand Rathi Wealth listed at Rs 602.05, a 9 per cent premium over its issue price of Rs 550 per share, on the BSE. After listing, the stock moved higher to Rs 615 but pared gains to end at Rs 583.5, up 6 per cent over the issue price. The shares of Shriram Transport Finance plunged 7 per cent intra-day, to Rs 1,371 on the BSE, as most analysts saw limited near-term upside for the company after its proposed merger with Shriram Capital and Shriram City Union Finance. This was on the back of limited scope for synergies, given the varied nature of operating business segments and underlying customer base, analysts said. The shares of Lupin, meanwhile, surged 10 per cent to Rs 972.50 in intra-day trade after the drug-maker announced that it had received the Establishment Inspection Report from United States Food and Drug Administration (US FDA) for its Goa manufacturing facility. The shares ended 6.6 per cent higher on the BSE. Among sectors, the Nifty Pharma index rallied 1 per cent, while the Nifty Realty and Financial Services indices slipped 0.7 per cent each. The Financials services sector, however, will be in focus tomorrow as the RBI has decided to bring NBFCs under its Prompt Corrective Action Framework from Oct 1, 2022. Now, let's recap primary market activity. The initial public offering of Data Patterns sailed through on the very first day and stood with 2.5 times subscription as at 3:30 PM. Further, the IPO of MedPlus Health has been subscribed 1.3 times so far on strong demand from retail investors and employees of the company. Lastly, the public issue of Rakesh Jhunjhunwala-backed Metro Brands ha

Benchmark indices snapped their 3-day winning run and ended lower on Friday as investors await inflation data in India and the US. Although fag-end buying in banking counters lifted benchmarks off lows. Domestic retail inflation and wholesale inflation print for November are expected to be released on Monday. In the US, November retail inflation print, which is expected to hit a 40-year high of over 6 per cent, will be released later today. Against this backdrop, global shares, including India, traded on a cautious note. Japan's Nikkei and South Korea's Kospi slipped 1 per cent and 0.6 per cent, respectively, while the UK's FTSE 100 dipped 0.2 per cent in early trading.  Back home, the S&P BSE Sensex closed at 58,787 levels, down 20 points. The index had hit a low of 58,415 earlier today. On the NSE, the Nifty50 closed at 17,511 level, down 5 points. Asian Paints, SBI, M&M, TCS, Bajaj Finserv, and ITC were the top Sensex gainers. On the flipside, Titan, HDFC, Axis Bank, Kotak Bank, and HCL Tech were the top laggards.  In the broader markets, the BSE MidCap and SmallCap added 0.4 per cent and 0.8 per cent, respectively. Among notable buzzing stocks from the space, shares of Indian Energy Exchange moved higher by 13 per cent to Rs 304.05 on the BSE intra-day trade ahead of listing of bonus shares. The stock traded higher for the fourth straight day, having rallied 21 per cent during the period.  Besides, shares of Network18 Media & Entertainment hit an over 11-year high of Rs 102.75 after they rallied 9 per cent on the BSE amid heavy volumes. The stock of the Reliance Group advertising & media company has surged 42 per cent over the past 4 days and hit its highest level since August 2011. Among sectors, the Nifty PSU Bank index ended 2.6 per cent higher amid reports that the government is looking to list Banking Amendment Bill in the current Parliament session once it receives Cabinet approval. The amendment bill will likely propose to reduce government stake below 50 per cent. Defensive bets such as IT, Pharma, and FMCG were the only indices in the red.  Moving on to the primary markets. The Rs 600-crore IPO of Shriram Properties has been subscribed over 3.5 times as at 3:30 PM on the final day of the issue. The portion reserved for retail investors has garnered over 12x bids on offer while the portions of QIB and employees have been subscribed 110 per cent.  Secondly, MapmyIndia IPO has been subscribed over 4 times so far on the second day of the issue. The offer will close for subscription on Monday. Lastly, Rakesh Jhunjhunwala-backed Metro Brands' IPO has been subscribed by about 23 per cent so far on the maiden day of the issue. 

Top headlines • Sensex slumps 765 points, Nifty ends below 17,200 • Star Health cuts IPO size after tepid subscription • Services PMI moderates in Nov as price pressures intensify • Tega Industries closes IPO with over 200 times subscription The benchmark indices ended lower on Friday as domestic investors booked profit after two days of relentless buying, and ahead of the weekend. Besides, an increase in the number of suspected Omicron-based Covid-19 cases in the country also worried investors. After two confirmed cases in Karnataka, a third one was reported in Tamil Nadu. Further, Delhi, Mumbai, Chandigarh, and Pune have also sent samples of Covid positive patients who have returned from ‘at-risk' countries for genome sequencing. That apart, the World Health Organization on Friday warned Asia-Pacific countries to boost healthcare capacity and fully vaccinate their people to prepare for a surge in Covid-19 cases. Despite travel curbs, the Omicron variant is spreading rapidly with India, Japan, Malaysia, Singapore, South Korea and Sri Lanka being the latest Asian countries to report the cases this week. Against this backdrop, the BSE Sensex ended 765 points, or 1.3 per cent, lower at 57,696 today. In intra-day trade, the index fluctuated over 1,100 points. On the NSE, the Nifty50 ended below the 17,200 mark at 17,198, down 205 points or 1.2 per cent. Power Grid (down 4 per cent) was the worst-hit large-cap on the 50-share index, followed by Reliance Industries, Kotak Bank, HDFC Life, Sun Pharma, Asian Paints, and Bharti Airtel. Stocks that capped the downside were UPL, BPCL, Indian Oil, ONGC, and L&T. These shares were up in the range of 1-2.5 per cent. Meanwhile, in the broader market, the BSE MidCap index ended flat with a negative bias but the BSE SmallCap index added 0.3 per cent. Among individual stocks, the shares of Vodafone Idea hit a fresh 52-week high of Rs 14.73 after they rallied 15 per cent on the BSE in Friday's intra-day trade. The stock has surged 32 per cent this week and crossed its 52-week high level of Rs 13.80. In the process, it has hit its highest level since June 2019. That apart, shares of Neogen Chemicals also surged 19 per cent to Rs 1,800 on the BSE in intra-day trade, gaining as much as 30 per cent in the past two trading days. Neogen's business has some seasonal drivers due to which the company tends to deliver stronger performance in the second half of the financial year (October to March), according to the company. The shares ended 16.5 per cent higher on the BSE today. Meanwhile, in the primary market, Tega Industries' initial public offering was subscribed 217 times as at 3:45 PM on the final day of the issue. The portion reserved for Non-Institutional Investors was subscribed 657 times, while that of QIB investors was subscribed 215 times. The IPO of Anand Rathi Wealth, on the other hand, has been subscribed nearly 3 times so far on Day 2 of the issue. In a separate development, Star Health is lowering the offer for sale portion of its IPO after receiving a tepid response in its subscription period, which ended yesterday, Reuters reported. The IPO of the country's largest private health insurance was subscribed just 79 per cent. Let's look at the global markets: • Asian shares reversed losses and ended higher on Friday. Japan's Nikkei closed 1 per cent higher, while South Korea's Kospi and Australia's ASX200 ended up to 0.8 per cent higher. • In Europe, the UK's FTSE100 was down 0.06 per cent in early deals, France's CAC40 was up 0.08 per cent, and Germany's DAX gained 0.09 per cent.

Top headlines • Benchmark indices change course to end in red; Sensex drops 196 points • Go Fashion makes stellar stock market debut, lists at 91% premium • Star Health IPO receives lukewarm response; subscribed around 11% on Day 1 • RBI likely to raise rates and tighten monetary policy, says Goldman Sachs • Crypto Bill to be introduced in Parliament after Cabinet's approval Market bulls failed to keep the indices afloat on the bourses on Tuesday after a statement by Moderna chief on vaccines' likely ineffectiveness jolted investor confidence. Although health authorities have said it will take several weeks to fully gauge how Omicron's more than 30 mutations will affect its response to existing vaccines, Moderna CEO Stephane Bancel told the Financial Times that he expected vaccines to be less effective against the new coronavirus strain. Reacting to the development, shares in Asia-Pacific fell during Tuesday's trade. South Korea's Kospi fell 2.4 per cent, while Hong Kong's Hang Seng and Japan's Nikkei slipped 1.9 per cent and 1.6 per cent, respectively. In Europe, the pan-European Stoxx 600 index was down 1.6 per cent by mid-morning. Dow Jones futures were also down by over 500 points, indicating a weak start for Wall Street. Against this backdrop, the Sensex gyrated 1,683 points intra-day and ended 196 points down at 57,065. The NSE Nifty50 also slipped below the 17,000 mark to end at 16,983, down 71 points. Earlier in the day, the 50-pack index hit a low of 16,931. With today's decline, the benchmark indices took their total decline in November to 4 per cent, their biggest monthly loss since March 2020. This correction was triggered by a cocktail of FII selling, high crude oil prices, fears of a possible change in the interest-rate scenario, and the new heavily mutated Covid-19 variant Omicron. Among individual stocks, 17 of the 30 Sensex constituents and 28 of the 50 Nifty constituents ended the day in the red. Tata Steel, Kotak Bank, Bajaj Auto, M&M, Bharti Airtel, and RIL were the biggest losers. The biggest gainers were PowerGrid, Shree Cement, Bajaj Finserv, Titan, and Tata Consumer Products, all of which rose by up to 3 per cent. The broader markets, however, witnessed decent buying, tilting the overall market breadth in the favour of buyers. The BSE MidCap index added 0.3 per cent and the BSE SmallCap index gained 1.45 per cent. A look at some of the other important developments of the day: • Shares of Go Fashion (India) made a stellar market debut today, with the stock getting listed at Rs 1,316 on the BSE. This was a 91-per-cent premium to its issue price of Rs 690. The shares, however, witnessed mild profit booking and ended at Rs 1,253 apiece. • The initial public offering of Ace investor Rakesh Jhunjhunwala-backed Star Health and Allied Insurance has been subscribed 11 per cent so far on Day 1. The retail portion has been subscribed 63 per cent. • Indian online retailer Snapdeal, which is backed by SoftBank Group and Alibaba Group Holding, is planning to file preliminary documents for a $250-million IPO in the next few weeks. According to a Bloomberg report, the e-commerce company aims to go public in early 2022, and plans to raise at least $200 million at a valuation of $1.5 billion. • The Reserve Bank of India could start tightening its monetary policy from the next financial year as consumer prices are rising, according to Goldman Sachs Group. The Group expects the central bank to hike rates by 75 basis points in 2022. • Finance Minister Nirmala Sitharaman has clarified in the Rajya Sabha that the government is not considering a ban on cryptocurrency advertisements and that the crypto Bill will be introduced in Parliament after it receives the Union Cabinet's approval.

Top headlines: • RIL and Kotak Bank power 153-point Sensex rally; Nifty holds 17,050 • Brokerages bullish on RIL stock after Jio hikes tariff by 21% • CoinDCX plans IPO 'as soon as' the govt allows • RBI wants digital currency included under the definition of 'bank note', says Fin Min Global markets, including India, calmed on Monday as investors awaited data on whether the Omicron variant of coronavirus would really derail economic recoveries and limit movement of goods and people. In the commodity markets, oil prices bounced by $3 a barrel, or 5 per cent, to recoup some of Friday's shellacking. The safe haven yen also took a breather after its run higher. In early deals, the UK's FTSE 100 and Germany's DAX rose 0.7 per cent each, while France's CAC 40 was up 1 per cent. The rally came after European Central Bank President Christine Lagarde said the euro zone was better equipped to face the economic impact of a new wave of Covid-19 infections or the Omicron variant. However, in Asia, Japan's Nikkei and South Korea's Kospi dipped 1.6 per cent and 0.9 per cent, respectively. Australia's ASX200, also, ended 0.5 per cent lower. Against this backdrop, the benchmark indices in India ended around 0.2 per cent higher, lifted by gains in RIL, besides IT and select consumer durables stocks. The BSE Sensex closed 153 points higher at 57,260, and the Nifty50 gained 27 points to 17,054. The Reliance Industries stock, which ended about 1 per cent higher, accounted for over 50 per cent of the index's gains today. The shares surged 4 per cent in intra-day trade after Reliance Jio announced an across-the-board tariff hike. Analysts are bullish on the stock and expect ARPUs to rise above the Rs 170 mark. Kotak Bank, HCL Tech, TCS, Titan, and Bajaj Finance were the other top gainers on the Sensex. On the downside, Sun Pharma, NTPC, Axis Bank, HDFC, and Power Grid were the top losers. The broader markets, however, continued to witness profit booking. The BSE MidCap index fell 1 per cent and the BSE SmallCap index dropped 2 per cent. Overall, market breadth on the BSE favoured sellers in a ratio of 2.5:1. Before we close, here's a look at some of the other top developments of the day: • The Ministry of Finance informed the Lok Sabha on Monday that it had received a proposal from the Reserve Bank of India for an amendment to the RBI Act to enhance the scope of the definition of 'bank note' to include currencies in the digital form. • Separately, the government seems to have no proposal to recognise Bitcoin as a currency in the country. Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday that the government did not collect data on Bitcoin transactions. • Lastly, India's first cryptocurrency unicorn, CoinDCX, plans to bring an initial public offering as soon as government regulations allow it, said co-founder Neeraj Khandelwal.

Top headlines • Sensex falls for a second day, down 314 pts; Nifty ends below 17,900 • Tata Motors hits over 5-year high on healthy demand outlook • Cabinet approves Rs 6,466-crore fund for telecom infra • LIC IPO expected by Q4, says DIPAM Secretary • Go Fashion IPO sails through on first day After moving in a tight range for the better part of the day, the key benchmark indices ended near the day's low for a second straight session on Wednesday. The BSE Sensex dropped to a low of 59,945, before ending 314 points down at 60,008. The NSE Nifty, on the other hand, erased 100 points to close at 17,899. Reliance Industries again accounted for almost 50 per cent of the Sensex loss as the stock ended 2 per cent lower on the BSE. Axis Bank, Kotak Bank, and Bharti Airtel were other top drags on the index. In broader markets, smallcaps bucked the trend. The BSE Smallcap index managed to end flat with a positive bias, while the Midcap index slipped 0.2 per cent. Sectorally, the Nifty Auto index outperformed the benchmarks for a second straight day today. In the past 2 days, the index has gained nearly 4 per cent on the NSE with individual stocks like Maruti Suzuki rallying 11 per cent during the period. Shares of the RC Bhargava-led company closed nearly 3 per cent higher today, near its 52-week high level of Rs 8,400 per share. This was after media reports that the company had received approval for setting up a third passenger vehicle manufacturing plant in Haryana's Sonepat district. The rally in the auto pack was also led by Tata Motors, which hit its highest level since February 2017 in intra-day trade. The stock has advanced 6 per cent in the past two days on hopes of a demand recovery. On the downside, the Nifty Realty index was the worst hit today, down 1.6 per cent. The Telecom index, too, ended 1 per cent lower, with individual stocks exhibiting mixed trends after the Union Cabinet approved a corpus of Rs 6,466 crore to provide mobile tower connectivity in Eastern India. Now, coming to primary market updates. The three-day initial public offering of Go Fashion, which opened today, was subscribed over 2 times with retail investors' portion getting a subscription of over 10 times. The IPO of Tarsons Products, meanwhile, concluded with nearly 80 times subscription. The portion reserved for NIIs and QIBs got massive subscriptions of over 180 times and nearly 120 times, respectively. In a separate development, Tuhin Kanta Pandey, secretary in the Department of Investment and Public Asset Management, said today that the government was looking to list LIC by March 2022. And before we close, a look at the trade set-up for tomorrow. A fresh surge in Covid cases globally and inflationary pressures and expensive valuation back home are keeping investors on the sidelines. Cautious trading with thin volumes is expected tomorrow, given an extended weekend ahead. Technically, the Nifty formed a bearish candle for a third straight day and closed below its support level of 17,900. Going ahead, the index may now move to its next support level of 17,700 and it could face a resistance around 17,950.

Persistent selling by FIIs, and higher-than-expected producer inflation in China kept market mood in check on Wednesday. The S&P BSE Sensex ended with a loss of 80 points at 60,353 while it's NSE counterpart Nifty50 settled with a loss of 27 points at 18,017. Bharti Airtel was the top gainer on the Sensex, up 3.3 per cent to Rs 737. Mahindra & Mahindra, Sun Pharma, Reliance and ITC were the other notable gainers. On the other hand, IndusInd Bank slipped over 3 per cent to Rs 1,034. This was followed by Tata Steel Asian Paints, Titan, SBI, PowerGrid Corporation, HDFC Bank, Kotak Bank and Maruti as the other prominent losers. Among sectoral indices, the Metal and Realty indices shed up to 2 per cent. On the positive side, the Telecom index jumped 2 per cent, while the Energy index was up a per cent. In the broader markets, the BSE Midcap index index declined 0.6 per cent, while the Smallcap index ended flat. Debutant Nykaa listed on the NSE at Rs 2,018 apiece, up 79 per cent over its issue price of Rs 1,125. The shares doubled from its issue price when they touched the day's high of Rs 2,248. In the process, the company's market capitalisation crossed Rs 1-trillion mark and entered the top-60 most valuable companies on the BSE. The stock finally ended with a solid premium of 96 per cent at Rs 2,206, on the back of heavy volume of around 34.32 million shares on the BSE. The primary market, on the other hand, was abuzz with activity. To begin with, the three-day share sale by Paytm, India's biggest IPO so far, finally managed to sail through on the final day. It has been subscribed nearly 2 times so far, backed by retail and QIB investors. Meanwhile, Latest View Analytics' public offer, which opened today, was fully subscribed within 45 minutes of opening. It has been subscribed over 5 times so far. Sapphire Foods, too, sailed through on the second day and has been subscribed 92 per cent so far. Separately, Pharmeasy has filed its draft red herring prospectus with markets regulator to raise Rs 6,250 crore in an initial public offering. Also, leading life sciences company Tarsons Products has fixed a price band of Rs 635-662 a share for its Rs 1,024-crore initial share-sale. The IPO will open on November 15 and conclude on November 17.

The benchmark indices consolidated in trades on Tuesday after two days of decent gains amid tepid global cues. The BSE Sensex touched a high of 60,670 in early deals, but ended 112 points lower at 60,433. Similarly, the NSE Nifty settled with a marginal loss of 25 points at 18,044 after touching an intra-day high of 18,113. Among the Sensex pack, HDFC twins were the major draggers, accounting for a loss of 175 points on the 30-share index. Both these stocks were down around 1.5 per cent each. Bajaj Finance, NTPC, Maruti, Kotak Bank, PowerGrid Corporation, Bajaj Finserv and Titan were the notable losers. On the positive front, Mahindra & Mahindra zoomed over 5 per cent to Rs 904 after it reported better-than-expected September quarter results. It's standalone profit after tax surged over eight-fold at Rs 1,432 crore for the second quarter ended September 30, 2021, riding on the back of robust sales. Revenue, too, rose by 15 per cent to Rs 13,305 crore. M&M also said it expects revenue growth of 15-20 per cent at 3-year CAGR by 2025 and eyes tractor market share at over 40 per cent by 2025. Tractor business revenue growth is also seen 10x by 2027. Apart from M&M, SBI, Reliance Industries and ICICI Bank were up a per cent each. The broader indices, however, finished in the positive zone. The BSE Midcap index advanced 0.8 per cent to 26,520, and the Smallcap index added 0.7 per cent to 29,321. Among sectors, the BSE Auto index jumped 1.3 per cent. The Capital Goods, Energy and Oil & Gas indices were also up around a per cent each. The Metal index, however, was down 0.8 per cent. In the broader markets, Tata Motors DVR rallied to a four-year high and has gained nearly 53 per cent in the last one month after the Tata Group Company said it will raise Rs 7,500 crore ($1 billion) in its passenger electric vehicle (EV) business from TPG Rise Climate at a valuation of up to $9.1 billion. Meanwhile, in the primary market, India's biggest initial public offer by Paytm has been subscribed 47 per cent so far on Day 2. The retail investors' quota has been subscribed the most at 1.19 times while subscriptions by NII and QIB stand at 4 per cent and 45 per cent, respectively. Analysts, however, believe investing in Indian fintech company Paytm could prove to be a "very high-risk bet" and might not see a sizable jump when it lists on stock exchanges. Separately, Sapphire Foods kicked off its initial share sale with robust investor interest. The Rs 2,000 crore IPO has been subscribed 44 per cent so far on day 1.

The key benchmark indices logged smart recovery on Monday amid nearly broad-based buying. The BSE Sensex index, after gyrating between 60,609 and 59,779 levels, finally ended 478 points higher at 60,546. The NSE Nifty also hit a low of 17,836 and a high of 18,088 before settling 152 points higher at 18,069. Titan, UltraTech Cement, Bajaj Finserv, Tech Mahindra, Kotak Bank, HDFC, NTPC, PowerGrid Corporation and Bajaj Finance rallied between 2 and 4 per cent each and were the major gainers among the Sensex 30 stocks. Among these, UltraTech Cement surged over 5 per cent in the intra-day trade to a record high at Rs 8,267 on the back of strong demand outlook. The stock finally ended 4 per cent higher at Rs 8,208. On the other hand, IndusInd Bank tumbled over 12 per cent to Rs 1,042 in the intra-day trade today on reports of a whistleblower complaint of loan evergreening. On its part, the bank said that the allegations made by certain anonymous individuals are grossly inaccurate and baseless.   That apart, the broader markets also logged decent gains. The BSE Midcap index jumped 1.3 per cent to 26,333, and the Smallcap index gained 0.9 per cent at 29,148. Individually, shares of Canara Bank hit an over two-year high of Rs 246 after they rallied 7.4 per cent on the BSE after rating agency ICRA upgraded the rating of Bank's Basel III Tier II Bonds to "ICRA AAA (Stable)" from "ICRA AA+(hyb) (Stable)". The rating agency has also upgraded its ratings on the Basel III Additional Tier I Bonds to "ICRA AA+ (Stable)" from "ICRA AA (hyb) (Stable)". Besides, shares of gold loan financiers Manappuram Finance and Muthoot Finance hit their respective record highs and rallied up to 10 per cent on the BSE in Monday's intra-day trade after Muthoot Finance reported a strong growth in gold loan for the quarter ended September 2021 (Q2FY22). Muthoot Finance hit a record high of Rs 1,683, surging 10 per cent after it posted a 8 per cent jump in consolidated net profit at Rs 1,003 crore in Q2FY22 compared to Rs 931 crore in Q2FY21, owing to an improved performance on gold loans. The stock surpassed its previous high of Rs 1,638.50 touched on August 4, 2021. Meanwhile, the stock of Manappuram Finance, too, hit a record high of Rs 219.55, up 5.5 per cent, surpassing its previous high of Rs 218 touched on July 30, 2021. On the sectoral front, all except the Nifty Pharma and Bank indices ended in the green. The Nifty PSU Bank index was the top gainer, up 2 per cent on the NSE, followed by the Nifty Media, Realty, Metal, and IT indices, all ending around 1.5 per cent higher. On the downside, the Nifty Private Bank and Pharma indices dropped 0.9 per cent and 0.7 per cent, respectively. Now, let's go to the primary market action. The initial share sale of Paytm, worth Rs 18,300  crore, clocked a slow start on the first day of the issue. The IPO was subscribed 16 per cent till about 3:45 PM on day 1.

Equity markets reversed their 3-day losing streak on the back of a strong buying in IT and select financial shares in the last hour of trade. That apart, green shoots of economic recovery further bolstered sentiment on the Street. Goods and services tax (GST) collected in October, for instance, rose to Rs 1.3 trillion, which is 24 per cent higher than a year ago, and 36 per cent more than the collection in the pre-Covid year of 2019-20. This is the second highest collection since the introduction of a new indirect regime in 2017. All time high collection figure was over Rs 1.40 trillion in April this year. Separately, India's manufacturing activity continued to improve in October with the IHS Markit India Manufacturing Purchasing Managers' Index climbing to 55.9, up from 53.7 in September and 52.3 in August. The upturn was sharp and the fastest in seven months. Similarly, factory output increased at a sharp pace that was the strongest since March. Against this backdrop, the BSE Sensex reclaimed the 60,000-mark, and surged to a high of 60,220 during the day, before settling with a gain of 831 points at 60,138. The NSE Nifty, on the other hand, touched a high of 17,954, and ended 258 points higher at 17,930. Among the Sensex 30 pack, IndusInd Bank zoomed 7.5 per cent to Rs 1,225 while Bharti Airtel finished with a solid gain of 4 per cent a day ahead of its Q2 results tomorrow. HCL Technologies, Tata Steel, Tech Mahindra , Dr.Reddy's, SBI, Kotak Bank and TCS were some of the other major gainers. On the downside, Bajaj Finserv and Mahindra & Mahindra were the prominent losers, down around 1.5 per cent each. Meanwhile, in the broader markets, the BSE Midcap index surged 1.8 per cent, while the Smallcap index moved up 1.1 per cent. Among sectors, the BSE Realty index soared 3.7 per cent, while the Telecom and Metal indices surged around 3.5 per cent each. The IT index was up 2.3 per cent, and the Bankex jumped 1.8 per cent. Even the Auto index gained over 1 per cent despite auto companies reporting mixed monthly sales figures for October. While Tata Motors said its total wholesales increased by 30 per cent YoY, Maruti Suzuki India reported a 24 per cent decline. On the earnings front, shares of HDFC ended nearly 2 per cent higher after the country's largest mortgage lender reported a 32 per cent rise in standalone net profit to Rs 3,780 crore for the second quarter ended September 30. Its total income during the period rose to Rs 12,226.39 crore. IRCTC, on the other hand, closed with gains of 1.6 per cent after the govt-owned entity reported a near five-fold increase in net profit to Rs 154.83 crores in the second quarter of financial year 2021-22. This was on the back of higher profit under ticketing revenue that touched Rs 220.34 crore in the period under review from Rs 61.34 crore in the same period a year ago. Now, coming to result reactions for companies, whose numbers were released post market hours on Friday and over the weekend. First among them is Steel Authority of India. Shares of the company surged 13 per cent to Rs 130.35 on the BSE in Monday's intra-day trade after the company reported best-ever quarterly standalone profit after tax of Rs 4,304 crore for Q2FY22. It had posted Rs 393 crore net profit in the year-ago quarter. The shares ended 9 per cent higher on the BSE. On the flipside, shares of Bandhan Bank dipped 7 per cent to Rs 272.55 on the BSE in today's intra-day trade after the bank reported net loss of Rs 3,009 crore in Q2FY22 on huge provisions of over Rs 4,600 crore for the bad loans and restructured advances. It had posted a net profit of Rs 920 crore in Q2FY21. The shares, however, trimmed losses and closed with a loss of around 1 per cent. Now, let's take a look at the primary market action of the day. The three-day issue of Nykaa closed with an impressive oversubscription of over 80 times today. Fino Payments Bank, on the other hand, ended Day 2

After exhibiting lacklustre movement for the major part of the trading day, the key benchmark indices eventually ended in red as select financial shares extended losses at close. After swinging between 61,577 and 60,989, the BSE Sensex eventually ended with a loss of 207 points at 61,143. It's NSE counterpart, Nifty50, ended at 18,211, down 57 points. Axis Bank shed 6.5 per cent and Bajaj Finance plunged 4.8 per cent to end s top drags on the benchmark indices. Bajaj Finserv, IndusInd Bank, Tata Steel, Reliance Industries, NTPC, Nestle India, Kotak Bank and Mahindra & Mahindra were the other major Sensex losers. On the upside, Asian Paints surged 4.4 per cent on reports of price hikes by Berger Paints in November. Sun Pharma, Infosys, SBI, UltraTech Cement and ITC were the other prominent gainers. In the broader markets, the BSE MidCap and SmallCap indices ended flat but with a positive bias. Among individual stocks, shares of Maruti Suzuki ended 0.77 per cent higher at Rs 7,352.5 even as the company's Sept quarter net profit fell 65 per cent YoY to Rs 475.3 crore on the back of chip shortages and soaring commodity prices. Operationally, its Ebitda fell 56 per cent YoY to Rs 854.8 crore and Ebitda margin shrank 610 basis points YoY to 4.2 per cent. Besides, shares of Axis Bank ended 6.5 per cent lower after the bank reported a weak operating performance in September quarter (Q2FY22). In Q2FY22, Axis Bank's net interest income rose marginally by 7.8 per cent year-on-year at Rs 7,900 crore on account of 19 bps YoY fall in net interest margins to 3.39 per cent. Margins were impacted negatively by 13 bps sequentially due to change in mix. Apart from the result reaction, shares of SBI also hogged the limelight today as the company surpassed Bajaj Finance in terms of market cap. While SBI shares hit a record high of Rs 527 apiece, shares of Bajaj Finance declined nearly 5 per cent on the back of profit booking post September quarter results. By close, their respective m-caps stood at Rs 462,321 crore and Rs 451,509.7 crore. Meanwhile, in other news, SoftBank will sell around 20 per cent of its total stake in Policybazaar's initial public offering, the fintech company said today. The Japanese venture fund currently has a 13 per cent stake in the IPO-bound company. The initial share sale will open on November 1. That apart, India's inclusion in JPMorgan's global emerging-market bond index could prompt $25 billion of inflows from foreign investors, the bank said in a research report. While actual inclusion will depend on domestic and international developments, given India's large weight in the index, the process would likely be staggered over 10 months, similar to China's inclusion into GBI-EM in 2020, the report added. Now, on Thursday, a host of domestic and global triggers will keep the indices volatile. To begin with, investors will adjust their portfolio ahead of F&O expiry of the October series. Additionally, around 150 companies including Bajaj Finserv, CarTrade Tech, DLF, InterGlobe Aviation, JK Tyre, Marico, NTPC, Tata Power, SBI Card, and Westlife Development are slated to report their Q2 results tomorrow. In the primary market, Nykaa's Rs 5,300 crore IPO will open for subscription tomorrow. On the global front, investors will track the Bank of Japan's interest rate decision, fund flow activity by FIIs, and crude oil prices.

The key benchmark indices gyrated between zones in trade on Tuesday before firming-up in the latter half of the trading session taking cues from the broader markets. By close, the BSE Sensex was at 61,350, up 383 points. It had hit an intra-day high and low of 61,498 and 60,791, respectively. It's NSE counterpart, Nifty50, meanwhile settled with a gain of 143 points at 18,268. It moved in a range of 211 points, between 18,310 and 18,099. Tata Steel was the top gainer in the Sensex 30 pack, up over 4 per cent at Rs 1,348, followed by Titan (up 3.7 per cent). Asian Paints, Bajaj Finance, Nestle India Tech Mahindra, Kotak Bank and Reliance Industries gained between 2.5 per cent and 3 per cent.  On the other hand, IndusInd Bank slipped nearly 2 per cent, followed by ICICI Bank and PowerGrid Corporation. The broader markets were finally back to their winning ways and outperformed the benchmark indices by a wide margin. The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. Sectorally, all the indices, barring the Nifty Private Bank, ended in the positive zone. The BSE Realty index surged 3.4 per cent, followed by a near 3-per cent gain in the BSE Consumer Durables and Metal indices.  Reacting to September quarter results, which were announced post market hours on Monday, shares of Tech Mahindra hit a new high at Rs 1,629.40 after they rallied 7 per cent on the BSE in today's intra-day trade after the company's revenue increased 7.2 per cent quarter on quarter (QoQ) in constant currency (CC) terms and 6.4 per cent in dollar terms. The stock surpassed its previous high of Rs 1,575.95, touched on October 20, 2021. In the past three months, the stock has outperformed the market by surging 45 per cent, as compared to a 16 per cent rise in the S&P BSE Sensex. On the flipside, shares of CEAT slipped 10 per cent to Rs 1,165, hitting a nine-month low on the BSE in Tuesday's intraday trade, after the firm reported 77 per cent year-on-year decline in consolidated net profit at Rs 42 crore in Q2FY22, due to the higher depreciation and interest cost. The shares, however, recouped the loss and ended 1 per cent higher on the BSE. That apart, shares of Canara Bank plunged nearly 5 per cent to Rs 191 on the BSE in the intra-day trade after the bank's loan book growth missed Street expectations in Q2. Earlier today, the lender reported a credit expansion of 5.4 per cent YoY as against Street expectations of up to 9 per cent growth. Overall, its NII and net profit came in at Rs 6,274 crore and Rs 1,332.6 crore, respectively. Separately, shares of Bank of Baroda and Punjab National Bank hit fresh 52-week highs, each regaining Rs 50,000 market capitalisation on Tuesday on the back of a stable outlook.  Meanwhile, in a fresh development at Zee Entertainment Enterprises, the company has called off its Board meeting due to lack of quorum. The meeting was due tomorrow to consider the financial results for the September quarter.  The shares of the company, however, ended over 3 per cent higher on the BSE after the Bombay High Court on Tuesday granted an injunction in favour of ZEE in its dispute against Invesco Developing Markets Fund and OFI Global China Fund LLC, giving the TV network respite in its boardroom fight with the company's shareholders.  Lastly, among key triggers for Wednesday, volatility could be high as investors will prepare for the monthly F&O expiry, due on Thursday. That apart, stock-specific action amid corporate results will continue to dominate the trend. Over 100 companies are set to announce their Q2 results today including ITC, IndusInd Bank, L&T, Maruti Suzuki, and Titan. Globally, crude oil prices, movement in the US bond yields, and FII activity will sway the indices.

Financial shares came to the rescue of the benchmark indices for the second straight day, as a selloff in select index heavyweights exerted pressure on the indices. The BSE Sensex index ended with a loss of 102 points at 60,822, after trading within a range of 61,420 and 60,551. The NSE Nifty50, on the other hand, settled 63 points lower at 18,115. It touched a high and low of 18,314 and 18,034, respectively. HDFC was the major gainer among the Sensex 30 stocks, up 2.2 per cent, followed by Bajaj Auto, Kotak Bank, IndusInd Bank, Axis Bank and Titan. On the flipside, ITC shed 3.4 per cent to close at Rs 236.50. Maruti, NTPC, Infosys, Tata Steel, HCL Technologies, Nestle India, Asian Paints, Larsen & Toubro and TCS were the other significant losers. Among individual stocks, shares of Reliance Industries ended 0.15 per cent higher on the BSE today ahead of the company's September quarter results, due to be announced later today. Analysts expect the September quarter performance of the oil-to-telecom conglomerate to be led by growth in retail, digital-telecom business, and steady petrochemical margins. That apart, LIC Housing Finance and Can Fin Homes declined 8 per cent each in the intra-day trade today after the announcement of their July-September quarter results. Their peer firm HDFC, on the other hand, hit a record high of Rs 2,937.75, rising over 3 per cent in the intra-day trade. On the upside, shares of IRB Infra surged 20 per cent to scale a fresh 3-year high of Rs 293 on the BSE on Friday. The stock has zoomed as much as 43 per cent in the last three days on the back of the company's fund raising plans. Further, shares of TVS Motor Company soared 10 per cent to Rs 632.85 on the BSE in Friday's intra-day trade on back of heavy volume after the company reported highest ever revenue, earnings before interest, tax, depreciation and amortization (ebitda) for the quarter ended September 2021 (Q2FY22). The stock of two and three-wheeler manufacturer had hit 52-week high of Rs 665.70 on May 27, 2021. Sectorally, the Nifty Metal index fell for a second straight day, down nearly 6 per cent in 2 days, after China announced measures to curb surging coal and base metal prices. Among individual stocks, barring Welspun Corp, which was up 6 per cent, all other index constituents ended the day in the red led by Vedanta (down 8 per cent), Hindustan Zinc, Hindustan Copper, Nalco, Coal India, and Adani Enterprises. The Nifty Realty index, up over 2 per cent, was the top gainer on the NSE with Brigade Enterprises, Prestige Estate Projects, and Oberoi Realty rising up to 5.7 per cent. The Nifty Bank index, which hit a fresh record high of 40,587 in the intra-day trade, closed at an all-time closing high of 40,324. 10 of the 12 index constituents ended in the green led by Federal Bank (up 7 per cent), AU Small Finance Bank (3 per cent), RBL Bank, Kotak Bank, Axis Bank, and Bandhan Bank. Next week, markets will react to Q2 results of RIL and ICICI Bank on Monday and will then focus on other corporate results. Maruti Suzuki, L&T, ITC, Axis Bank, Adani Enterprises, and SBI Life are some of the companies slated to report their results next week. In the primary market, FSN E-Commerce Ventures, operator of Nykaa beauty stores, has fixed the price band of Rs 1,085-Rs 1,125 for its maiden public share sale. The initial public offering (IPO) will remain open on October 28 and close on November 1. At the top-end, the beauty startup will be valued at Rs 53,200 crore ($7 billion).  

The consolidation theme played out on the benchmark indices for the second day on Wednesday as both Sensex and Nifty declined marginally amid profit-taking in IT and auto names and a cautious global market setup. That said, the quantum of losses remained low with investors lapping up beaten-down private bank stocks. Overall, strong buying in the broader indices kept the market breadth positive. The BSE Midcap and BSE Smallcap indices rose after a one-day hiatus, with the former hitting a new high in intra-day deals. It closed 0.81 per cent higher while the smallcap index gained 0.55 per cent. At the benchmark level, the flagship Sensex shed 29 points to end at 58,250. In the 30-pack index, 15 stocks closed in the green and 15 in the red. Kotak Bank, Titan, NTPC and Sun Pharma were the top gainers, up between 1-3 per cent. On the other hand, Nestle India, Maruti Suzuki, Bajaj Finance and Bajaj Auto were the biggest losers. In the sectoral space on NSE, Nifty IT, Media and Auto declined the most. Bank and financial-oriented sectors along with Nifty Metal gained. Stocks from the textile and telecom sectors were in focus in today's session amid a Union Cabinet meeting. The cabinet approved a Rs 10,683 crore PLI scheme for the textile sector. PLI scheme for textiles is part of the overall announcement of the scheme for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs 1.97 lakh crore. Incentives worth Rs 10,683 crore will be provided over 5 years. This gave a leg-up to the textile stocks, with some rising as much as 12 per cent. On the other hand, the rally in telecom stocks amid hopes that the government will announce a relief package for the sector fizzled out as a Reuters report said the Union cabinet did not take up the said proposal. The cabinet was widely expected to take a decision on a so-called relief package for the telecoms industry, which would have helped all wireless carriers but especially the embattled Vodafone Idea. Following this, the stock slipped 15 per cent from day's high to end 3 per cent down at Rs 8 per share. Bharti Airtel also came off all-time high levels to end in the red. Among other stocks, shares of APL Apollo Tubes were in demand as they rose 5 per cent to Rs 1845 ahead of the 1:1 bonus share issue. They touched a new high of Rs 1875 in trade today. Info Edge rallied 9 per cent to end at Rs 6720, after touching an all-time high of Rs 6748, amid hopes of a strong growth outlook and likely windfall from policybazaar.com IPO. The company holds a 14 per cent stake in the company that has recently filed DRHP with Sebi. Meanwhile, in other news, equity mutual funds attracted a little over Rs 8,666 crore in August, making it the sixth consecutive monthly net inflow, on staggering investment in flexi-cap category. In comparison, such funds witnessed a net inflow on Rs 22,583 crore in July on huge investments in flexi-cap category, data from the Association of Mutual Funds in India showed. Now, going into trade on Thursday, we can expect the volatility to continue amid the weekly F&O expiry. Besides, Street will react to a host of global developments like the inflation print in China and ECB's decision setting meeting. Lastly, stock-specific triggers will continue to determine market moves.

Soon after a gap-up start to the day, wherein Sensex scaled Mt 56,000, the domestic benchmark indices succumbed to profit taking at higher levels. With the markets closed for trading on Thursday on account of Muharram, the traders avoided carrying their positions to Friday. Further weekly expiry and mixed global setup also kept indices volatile. The BSE barometer Sensex had jumped to an all-time high of 56,118 in intra-day deals. Although, the index ended the day at 55,629, down 163 points amid losses in private lenders. Its NSE counterpart Nifty50 too ended lower at 16,569, down 46 points after hitting new peak of 16,701. In the Sensex pack, UltraTech Cement, Bajaj twins and Nestle India were the top gainers and Kotak Bank, ICICI Bank, PowerGrid and IndusInd Bank were the worst losers. Consequently, Nifty Private Bank index was the worst sectoral performer, down nearly 1 per cent. Metals and realty indices too witnessed heavy selling. On the flip side, defensive sectors remained in demand. FMCG pack gained the most. IT, pharma and PSU Bank were among only other gainers. The broader market action was mixed with BSE Midcap rising 0.26 per cent and BSE Smallcap shedding 0.18 per cent. Despite gains in the midcap index, the market breadth remained weak once again and the advance-decline ratio was at 1:2. In stock-specific action, Vodafone Idea shares rallied over 12 per cent on the BSE to Rs 6.45 as over four crore shares changed hands on BSE and NSE in bulk trade. Canara Bank shares too were in demand, up 3 per cent at Rs 157, after the bank said its QIP to raise up to Rs 2,500 crore opened on Tuesday. Among financial names, Bajaj Finance too put up a good show as the stock hit new record high of Rs 6640.80 in intra-day deals. Its market cap briefly crossed Rs 4 trillion mark, making it the eighth most valuable stock. The stock, however, ended at Rs 6544, up 2 per cent and with m-cap of Rs 3.95 trillion. Shares of Windlas Biotech on the other hand extended their decline and were trading lower for the third straight day since listing. In the intra-day trade, the shares dropped 4 per cent at Rs 385.50 on the BSE, and are down 16 per cent from its issue price of Rs 460 per share. The stock ended at Rs 388. Lastly, on the global market front, US equity-index futures fell as investors assessed the outlook for economic recovery and awaited the latest Federal Reserve minutes to gauge the direction of monetary policy. Futures on the S&P 500 fell 0.1 per cent while Dow Jones futures were down 0.3 per cent. The Stoxx Europe 600 was little changed.

In an ongoing tussle between the bulls and bears on Dalal Street, the bulls barely managed to have the upper hand in trade today. While the benchmark indices did end in the green, the selling pressure witnessed in the broader market and the weak market breadth clearly signalled underlying bearishness. Analysts too opined that unless the market breadth improves, we are unlikely to see any sharp upside for the index ahead. In a see-saw trade, the benchmarks after hitting fresh peaks in intra-day trade slipped into the red on profit booking but soon recovered as investors lapped up shares, again taking the indices higher. IT, private lender and telecom stocks were at the forefront of this rally. The 30-pack Sensex closed the day at 54,555, up 152 points or 0.28 per cent while the Nifty50 index settled 22 points or 0.13 per cent higher at 16,280. Sensex had touched a record high of 54,779.6 in trade while Nifty at 16,359. Airtel, Tech Mahindra, HDFC and Kotak Bank were the top gainers while Tata Steel, Power Grid, NTPC and ITC were the worst laggards. Broader markets bled as the BSE Midcap and BSE Smallcap indices shed 0.85 per cent and 2.05 per cent, respectively. According to analysts, buying interest has shifted to large caps. And a possible third wave of Covid and fall in liquidity can be lethal for the highly-priced mid & small caps. On the sectoral front too, the majority of indices ended in the red, led by Nifty Metals and Nifty PSU Bank. Nifty IT, on the other hand, was the best performer with a gain of nearly 1 per cent. The index also hit a new high in trade today. Nifty Financial Services and Nifty Bank were the only other sectoral gainers. In stock-specific development, shares of Future Retail staged a smart rebound after two-days of heavy selling amid reports that Amazon has drawn up blueprint to bailout for cash-strapped company. The stock recovered 18 per cent from day's low to end at Rs 50.70 on the NSE. Coal India reported a 52.5 per cent YoY rise in consolidated net profit at Rs 3,174 crore for the quarter ending June 30, 2021. Its revenues jumped 37 per cent to Rs 25,282 crore. But the stock ended marginally lower at Rs 142. Zomato tanked over 4 per cent ahead of its quarterly earnings to end the day at Rs 125 per share. Airtel stock meanwhile rose 4 per cent to Rs 622 on strong growth expectations.  According to analysts, Bharti Airtel has a clear advantage to further gain high-quality subscribers in both pre-paid and post-paid categories, considering Vodafone Idea's weak financial position. The stock had hit a new high of Rs 628 in trade. In last three weeks it has added nearly 20 per cent. On the primary market front, all the four running IPOs failed to entice investors. Aptus Value and Chemplast Sanmar opened for subscription today and garnered only 20 per cent and 14 per cent subscriptions, respectively. While analysts liked Aptus' strong financials, they believe the company's valuations left little room for upside. Overall they suggested subscribing from a long term perspective. As for Chemplast Sanmar, analysts said subscribe for listing gains only as the company is available at a discount to peers but its financial condition weighs on its prospects. CarTrade Tech looked set to sail through on Day 2 as the issue garnered nearly 94 per cent bids at the time of writing this report. Nuvoco Vistas although received a tepid response with only 24 per cent bids. Both issues close for subscription tomorrow. Going into trade on Wednesday, the focus will remain on the activity in primary markets with four IPOs running. While stock-specific activity would also remain high amid the ongoing earnings season. Nearly 300 companies are slated to post their earnings tomorrow, including Bata India, Cadila Healthcare, Endurance Tech, New India Assurance and Pidilite. On the global front, all eyes will be on the US CPI inflation for further indications of when the world's largest

Three days of selling in markets awarded investors with enough opportunity to lap up stocks available at cheaper prices, resulting in a sharp recovery from day's low even as some caution ahead of the US Fed meet and weakness in global peers persisted. After plunging over 750 points in the intra-day session, the BSE Sensex recouped most of the losses and ended only 135 points or 0.26 per cent down at 52,444 while its NSE counterpart Nifty settled at 15,709, down 37 points or 0.24 per cent after over 200 points crash in intra-day. Bharti Airtel, Tata Steel, IndusInd Bank and Bajaj Finserv were among top Sensex gainers while Kotak Bank, DRL, M&M and Power Grid were the top losers. In the broader markets, BSE Smallcap index with a decline of 0.45 per cent lagged the benchmark index although BSE Midcap settled unchanged. In the sectoral space, the Nifty Metal index extended gains to the fifth day today. It was the top performer, up over 1 per cent with only Nifty IT as another gainer. PSU Bank, Auto and realty indices faced heavy selling. On the stock-specific front, shares of Bharti Airtel soared over 5 per cent to Rs 567.90 on the BSE after the company upgraded its prepaid plans and discontinued its Rs 49 entry-level prepaid recharge. Century Textiles hit an all-time high of Rs 819.50 on the BSE as it reported a consolidated net profit of Rs 25 crore for the quarter ended June 2021 as against a net loss of Rs 36 crore in Q1FY21. It finally ended 16.60 per cent higher at Rs 796.35 per share. On the other hand, Tata Coffee and Maruti Suzuki investors sold shares following their June quarter show. Tata Coffee's profit declined to Rs 28 crore from Rs 35 crore a year ago, resulting in a 9 per cent decline at Rs 214.75. The stock had touched a 52-week high of Rs 246.75 in early trade. Maruti Suzuki, meanwhile, missed Street estimates as it posted a net profit of Rs 441 crore in the June quarter. The scrip ended 1 per cent lower at Rs 7150.20. In trade on Thursday, investors would react to the US Fed meet outcome later in the evening. Further, global cues, Q1 earnings and FII flow trends will continue to sway mood. Maruti and Nestle shares will be in focus in early trade. Nestle India posted an 11 per cent YoY jump in Q2 PAT at Rs 589 crore but missed estimates. Over 90 companies are slated to post their quarterly earnings on Thursday, including Tech Mahindra, TVS Motors, Future Retail, Lauras Labs, PVR, Raymond, Stove Kraft and Union Bank. Volatility could remain high on account of monthly F&O expiry. In the primary market, the initial public offer by Rolex Rings was subscribed nearly 4 times on Day 1 itself while Glenmark Life Sciences too received bids in the same quantum. Globally, US futures rose with European stocks as positive earnings boosted sentiment, while Asian equities were weaker amid Chinese market turbulence. The Stoxx Europe 600 rose 0.4 per cent and futures on the Nasdaq 100 added 0.3 per cent. The MSCI Asia Pacific Index fell 0.2 per cent.

As the global mood soured and investors booked profits in bulk in pharma names amid regulatory concerns at Dr Reddy's Labs, benchmark indices reversed early gains and retreated for the second day on Tuesday. Regulatory overhaul by the Chinese government drove MSCI's broadest index of Asia-Pacific shares outside Japan to its lowest level since December. Hong Kong benchmark fell 2.84 per cent and Chinese blue-chip shares cracked 2.9 per cent. Although Japan and Aussie markets showed resilience. The European markets and US futures were also subdued amid risk-off sentiment amid investors ahead of the US Fed meet later today. Amid this backdrop, the BSE barometer Sensex declined 274 points or 0.52 per cent to 52,579 while the Nifty50 closed shop at 15,746, down 79 points or 0.49 per cent. DRL, Axis Bank, Kotak Bank and Sun Pharma were the top index losers while Tata Steel, Bajaj twins and SBI were the top gainers. Broader market outperformance continued as Nifty Smallcap declined 0.02 per cent and Nifty Midcap 0.43 per cent. Meanwhile, in sectoral space, the Nifty Pharma index clocked its biggest intra-day crash in the seventh month as it declined over 5 per cent. Weak Q1 show by select names and a probable action against pharma major DRL on a whistleblower complaint were key overhangs. It finally settled 4.3 per cent down. Metal index with a gain of nearly 1.5 per cent outperformed.   In stock-specific action, DRL shares tanked 10 per cent to Rs 4844.35 after the company in in its Q1 filing said it has commenced a detailed investigation into an anonymous complaint that alleges healthcare professionals in Ukraine and potentially in other countries were provided with improper payments by or on behalf of the company in violation of US anti-corruption laws. DRL has disclosed the matter to the US Department of Justice, Securities and Exchange Commission and Securities Exchange Board of India. Further, the company posted a 1 per cent YoY decline in its consolidated net profit at Rs 570.8 crore in the June quarter (Q1FY22). Inox Leisure shares rallied nearly 6 per cent to Rs 320.65 on the BSE even as the company refuted media reports claiming that Amazon is looking to pick a stake in the firm. HUDCO stock tanked nearly 4 per cent to Rs 45.40 as the two-day offer for sale by the government to sell up to 8 per cent stake opened for instititional investors. The issue was oversubscribed on Day 1 of bidding. APL Apollo Tubes hit a 52-week high of Rs 1819.3 after the company said board would consider bonus issue of shares at their meeting on August 6. The scrip finally ended the day 8 per cent up at Rs 1735.70 on the BSE. Even as the pharma stocks bled, the IPO by Glenmark Life Sciences received strong investor response on Day 1 of the bidding process. The IPO sailed through on Day 1 itself with nearly 3 timed bids. Now, going into trade on Wednesday, the focus would remain on earnings season with over 60 companies slated to post their Q1 earnings, including Maruti Suzuki, Nestle India, Birlasoft, Happiest Minds, Icra and UBL. Besides, focus will be on the Fed's policy meeting. Lastly, FII flow and global cues will continue to sway market moves.

Ongoing earnings season, global trends and US Fed policy meeting will guide the markets this week, believe analysts. Besides, volatility could remain high in the market due to the scheduled derivatives expiry of July month contracts, they said. The domestic markets had ended the holiday-shortened last week 0.4 per cent lower, bogged down by the concerns over economic recovery and delta variant of Covid. Although strong Q1 earnings helped cap losses. This week too, the earnings season will be in full swing with nearly 400 companies slated to post their quarterly performance, including some of the prominent names like Axis Bank, Kotak Bank, L&T, Tata Motors, Maruti, Colgate, Tech Mahindra, BHEL, IOC, Sun Pharma and Indigo. Furthermore, investors will keep a close watch on the US Federal Reserve's monetary policy meeting scheduled for July 27-28. While there is no change in policy expected, more discussion and clarity on tapering is likely. That said, there will be no dearth of action in the primary market with two initial public offers lined up this week. The IPO by Glenmark Lifesciences will open between July 27-29. The issue priced at Rs 695-720 per share looks to raise Rs 1500 crore. Another IPO, this one by Rolex Rings will run between July 28-30 and comprises fresh issue of Rs 56 crore and an offer for sale of up to 75 lakh shares. Meanwhile, the country's Covid caseload is receding but the fears of a third wave and the spread of Delta and Delta plus variant loom. Investors will continue to keep a close track of Covid-19 trends. Lastly, FII flows, oil price movement and the rupee's trajectory versus the US dollar can also sway market mood. And now, let's take a look at the trade setup for today. Asian shares struggled to rally in early trade as super-strong US earnings sucked funds out of emerging markets and into Wall Street. Nasdaq futures were up 0.1 per cent in early trade while S&P500 futures were steady. Japan's Nikkei bounced 1.6 per cent in early trade but was off a seven-month low. Hong Kong dropped about 2 per cent, South Korea's Kospi was down 0.3 per cent and Australia's S&P/ASX 200 index increased 0.2 per cent. Apart from global cues, the Street would also react to the Q1 earnings by RIL, ITC and ICICI Bank among others in early trade today. Around 7.50 am, SGX Nifty was down 85 points at 15,770, indicating a weak start for benchmark indices. In stock-specifc action, Axis Bank, DLF, L&T, SBI Life, Tata Motors, and Vedanta are among the 43 companies slated to report their Q1 results today. Due to a disrupted April-June quarter (Q1FY22) amid the second wave of Covid-19, analysts expect L&T's net profit to decline up to 60 per cent sequentially. Besides, Q1FY22 also saw a further rise in commodity prices, leading to further aggravation of pressure on gross margins. Meanwhile, analysts believe Tata Motors could report a net loss of up to Rs 2,010 crore in Q1FY22 due to subdued sales and commodity cost pressures. Further, Mukesh Ambani-led Reliance Industries reported a consolidated net profit of Rs 12,273 crore for the three months ended June 30, 2021 (Q1FY22), down 7.2 per cent from Rs 13,233 crore posted in the same period last year (Q1FY21). However, last year's June quarter profit included an exceptional gain of Rs 4,966 crore. This will mean a 48.4 per cent growth in adjusted profit after tax over last year's Rs 8,267 crore. ICICI Bank reported a 78 per cent YoY rise in standalone net profit at Rs 4,616 crore for June quarter compared with Rs 2,599 crore in the same quarter last year. ITC reported a 28.6 per cent YoY growth in standalone profit at Rs 3,013.5 crore for Q1FY22, partly driven by low base in the year-ago quarter.

Indian Equities declined in-line with Asian peers on Friday as rapidly spreading Delta variant of Covid-19 in the region fanned fears of a stalled growth. That apart, Washington's call to add at least 10 Chinese entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang pulled benchmarks in Japan, South Korea, and China down by up to 1 per cent. However, stocks in Europe, along with US stock Futures, rebounded after JPMorgan Asset Management, BlackRock Inc. and Morgan Stanley Wealth Management -- which together account for some $12 trillion in assets -- said global growth is still on track. Amid these mixed global cues, benchmark indices remained volatile during the day but ended lower amid profit-booking in blue chip stocks. Heavyweights TCS, HDFC Bank, Reliance Industries, Axis Bank, Kotak Bank, and HDFC, along with Wipro, Bajaj Auto, and M&M, dragged the S&P BSE Sensex down 183 points, or 0.35 per cent, to settle at 52,386 levels while NSE's 50-share benchmark declined 38 points, or 0.24 per cent, to close at 15,690 levels. The broader markets, on the flipside, settled about half a per cent higher with the BSE MidCap and BSE SmallCap indices rising 0.7 per cent and 0.4 per cent, respectively. Among individual stocks, shares of Tata Consultancy Services slipped nearly 2 per cent at Rs 3,201 on the BSE in intra-day trade on Friday, after a slowdown in the company's India business dragged its June quarter (Q1FY22) earnings. While the brokerages on a consensus did revise their earnings estimates downwards on revenue miss in the June quarter, and flagged rich valuations, they largely held 'Buy' or 'Hold' calls on the stock. Technically, the overall price structure reflects an "ascending triangle pattern" for IT major TCS. As per daily charts, the stock faces stiff resistance in the range of Rs 3,400 – Rs 3,300 per share. That said, a breakout above this level may result in a rally towards Rs 3,700 and then Rs 3,900 levels. That apart, Bajaj Finserv entered the elite club of companies having a market capitalisation (market-cap) of Rs 2 trillion after its stock price hit a new high of Rs 12,910, up 4.6 per cent in Friday's otherwise range-bound market. The stock of the Bajaj Group's holding company surpassed its previous high of Rs 12,529.15, touched on June 28, 2021. At close, Bajaj Finserv's market-capitalisation stood at Rs 2.03 trillion. Currently, Bajaj Finserv holds the 20th position in terms of overall market-cap ranking. Bajaj Finance, another group company, stood at number 9th with a market-cap of Rs 3.7 trillion, data shows. Shares of Tata Steel, meanwhile, ended as the top Nifty gainer, up over 4 per cent at Rs 1,240, after rating agency CARE Rating revised the company's long-term credit rating to "stable outlook" from "negative". The stock of the Tata Group Company was trading close to its record high level of Rs 1,247, touched on May 12, 2021. According to the rating agency, the revision in rating and outlook assigned to the instruments of Tata Steel Limited (TSL) factors in the improvement in performance witnessed during FY21, especially Q2FY21 onwards. Lastly, shares of Edelweiss Financial Services were locked in the upper circuit of 10 per cent at Rs 86.50 on the BSE after the latest shareholding pattern showed that ace investor Rakesh Radheshyam Jhunjhunwala increased his holding in the company by purchasing additional 4 million equity shares during the April-June quarter (Q2CY21). Primary market update: Volatility in the secondary markets diverted investors towards primary offers with the three-day issues of Clean Science and Technology and GR Infraprojects garnering massive subscription. Clean Sciences' issue, for instance, has been subscribed over 93 times with non-institutional investors' portion seeing a subscription of 206 times and QIB portion 156 times. GR Infra, on the other

The frontline equity indices halted their two-day winning run as profit-booking in all but the financial sector dragged them in the negative territory on Tuesday. Moreover, a fall in the monthly GST collection below Rs 1-trillion, for the first time in eight months, weighed on investor sentiment.  Add to it, the 10-year government bond yield rose 1.6 per cent on Tuesday amid concerns that high crude oil prices may keep inflationary pressures mounted in the economy. Brent Crude Futures were hovering above $77 per barrel-mark after OPEC and its allies decided to call-off their meeting indefinitely.   Effectively, the 30-share BSE barometer dropped 268 points from the record peak of 53,129, touched earlier today, to settle at 52,861 levels, down 19 points or 0.04 per cent.  Only 11 of the 30 constituents on the index managed to end in the green, led by UltraTech Cement (up 3 per cent), HDFC Bank, Bajaj twins, Kotak Bank, IndusInd Bank, and Tata Steel. On the NSE, the broader Nifty50 declined 16 points, or 0.10 per cent, to end at 15,818 levels. Tata Motors, down 8.5 per cent, ended as the top laggard on the index after its UK subsidiary Jaguar Land Rover (JLR) said it expects an operating cash outflow of about 1 billion euro, with negative Ebit margin in the second quarter ended September 2021 (Q2FY21), due to the supply constraints.  In the broader markets, the BSE MidCap index settled 0.12 per cent higher while the BSE SmallCap index closed 0.26 per cent lower. In terms of sectoral participation, the Nifty Bank was the top performing index, up 0.9 per cent, trailed by the Nifty Financial Services index, up 0.8 per cent. On the flipside, the Nifty Auto was the biggest loser, down 1.8 per cent.  Global markets   European stocks slipped on Tuesday after three sessions of gains as gloomy trading in Asia and an unexpected drop in German industrial orders offset a jump in commodity stocks. The pan-European STOXX 600 index fell 0.1 per cent. In Asia, Japan's Nikkei added 0.16 per cent and South Korea's Kospi gained 0.36 per cent. Australia's ASX200, however, fell 0.7 per cent. On Wall Street, futures of all three main US stock indices were down up to 0.06 per cent, suggesting a flat start later in the day.

Equity: Auro Pharma, Kotak Bank, Tata Motors Derivative: Hero Motocorp 2950 CE, Nifty 15700 CE --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

Investors booked profits in cyclical stocks as growing concerns about new coronavirus outbreaks in Asian countries, undercutting an economic recovery,  worried investors. Besides, valuation concerns regarding Indian equities flagged by global agency HSBC and economic growth concerns raised by S&P, in the wake of the second wave of Covid-19 pandemic, added to investor woes. In their Asian outlook conference for the second half of 2021, brokerage firm HSBC said on Tuesday that the valuation of Indian stock market has become a concern now after a sharp run up from their March 2020 low. It maintains a 'neutral' rating on Indian equities and opines that the government's latest stimulus measures announced Monday are marginally positive. Relative to the economic dislocation seen in India, the package is not very large, it believes. S&P, meanwhile, cut India's FY22 GDP growth forecast to 9.5 per cent from 11 per cent predicted earlier and said that permanent damage to private and public sector balance sheets will constrain growth over the next couple of years. Against this backdrop, the frontline S&P BSE Sensex ended the day at 52,549 levels, down 186 points or 0.35 per cent while the broader 50-share Nifty closed at 15,748 levels, down 66 points or 0.42 per cent. PowerGrid, HUL, Nestle India, Cipla, Divis Labs, and IndusInd Bank eked out gains of up to 2 per cent to end the day as the top Nifty gainers. On the flipside, ONGC, Indian Oil Corporation, Hindalco, Kotak Bank, ICICI Bank, and Bajaj Auto declined in the range of 1.6 per cent to 2.5 per cent to settle as top laggards. The broader markets too reversed their gains with the BSE MidCap and SmallCap indices closing 0.42 per cent and 0.07 per cent lower, respectively amid losses in Oil India, SJVN, NHPC, Adani Transmission, Vodafone Idea, IFCI, Srei Infra, and Gujarat Mineral Development Corporation. Among individual stocks, shares of HDFC Life slipped 3.4 per cent to Rs 672 in the intra-day trade today after nearly 110.6 million shares changed hands on the counter on the BSE. Standard Life is believed to have sold 3.46 per cent stake. That apart, shares of Bajaj Healthcare zoomed 20 per cent and hit a new high of Rs 863.95 on the BSE in intra-day deal on Tuesday after the company announced that it has moved the Indian Patent Office requesting to grant a compulsory license for manufacturing & supply of Covid-19 drug “Baricitinib”. Shares of Cipla also advanced nearly 3 per cent to Rs 989 apiece on the BSE amid reports that India's drug regulator has granted the company permission to import Moderna's Covid-19 vaccine for restricted emergency use in the country. In a separate communication, Moderna has informed that the US has agreed to donate a certain number of doses of its Covid-19 vaccine through Covax to the Government of India for use here and has sought approval from the Central Drugs Standard Control Organisation (CDSCO), while Cipla, on behalf of the US pharma major, has requested for import and marketing authorization of these jabs. From a sectoral viewpoint, the Nifty Bank, Auto, Metal, and PSB index slipped between 1 per cent and 1.5 per cent on the NSE while the Nifty Pharma and FMCG indices advanced 0.5 per cent each. Global markets   Shares inched back from record highs on Tuesday on emerging Covid-19 variants across the globe, while investors also remained on edge over the United States' exit from accommodative policy. European stocks, as measured by the pan-European STOXX 600 index, were up 0.4 per cent, helped by a jump in industrial, financial and mining stocks. In contrast, MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5 per cent lower as recent positive momentum stalled as some countries re-imposed lockdowns to contain the spread of the Delta variant of the virus. Japan's Nikkei fell 0.8 per cent, while in Australia the ASX/200 index closed down 0.1 per cent. Chinese stocks lost

Benchmark indices snapped their three-day winning streak and ended half a per cent lower on Wednesday as profit booking emerged at higher levels. Besides, a cut in India's CY21 growth forecast by Moody's further dampened the sentiment on Street. Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for calendar year 2021, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter. Barring the auto segment, all other sectoral indices settled the session in the red with the Nifty Metal (1 per cent) and IT (0.87 per cent) indices nursing the steepest losses. Overall, the S&P BSE Sensex index closed at 52,306 levels, down 282.6 points while the Nifty50 index ended at 15,687 levels, down 86 points. Maruti Suzuki, Titan Company, Bajaj Finserv, M&M, Ultratech Cement, Hero MotoCorp, and ONGC were the top gainers in the large-cap space while Adani Ports, Wipro, JSW Steel, Divis Labs, Shree Cement, L&T, Kotak Bank, and TCS were the top laggards. In the mid-, and small-cap segment, PNB Housing Finance, Central Bank of India, United Breweries, Adani Enterprises, PNB Gilts, Dhanlaxmi Bank, and Indian Overseas Bank dragged the BSE MidCap and SmallCap indices 0.26 per cent and 0.43 per cent lower, respectively. Individually, shares of United Breweries slipped 6 per cent from its 52-week high of Rs 1,498 touched earlier today, and hit an intra-day low of Rs 1,400, after multiple block deals on the BSE. Around 39.76 million shares, representing nearly 15 per cent of total equity of United Breweries, changed hands on the BSE earlier today, exchange data showed. The names of the buyers and sellers were not ascertained immediately. On the other hand, shares of Hero MotoCorp, the world's largest manufacturer of scooters and motorcycles, advanced 3 per cent at Rs 2,994.55 on the BSE in intra-day trade on Wednesday after the company announced that it would be undertaking price increases of up to Rs 3,000/unit on its product range depending on model to pass on hike in input costs. Lastly, shares of Bharat Electronics (BEL) hit a over three-year high of Rs 170 after they rallied 12.5 per cent on the BSE in intra-day trade on the back of a strong set of numbers for the quarter ended March 2021 (Q4FY21). Besides, the company has recommended a final dividend of Rs 1.20 per equity share for FY21. The stock of the state-owned defence company, which ended 11 per cent higher, hit its highest level since February 2018. In the primary markets, India Pesticides' Rs 800 crore initial public offer sailed through on the very first day of the issue and garnered subscription of 107 per cent till 4:00 PM. Most analysts have a subscribe rating on the IPO as they believe the issue is priced at 25.3 times FY21 earnings, which looks attractive compared to the industry's average multiple of 47 times. Global markets   European stocks hovered below record highs on Wednesday as inflation worries overshadowed data showing a rise in June business activity. The pan-European STOXX 600 was down 0.2 per cent, France's CAC 40 fell 0.56 per cent, and Germany's DAX declined 0.64 per cent. Mood in the Asian market, however, was mixed where Japan's Nikkei closed 0.03 per cent down but South Korea's Kospi and China's Shanghai index gained 0.38 per cent and 0.25 per cent, respectively. As regards the US market, Futures of all three main Wall Street indices were up in the range of 0.06 per cent to 0.13 per cent.

Benchmark indices ended a range-bound around flat line on Tuesday, even as broader markets scaled fresh record peaks as stock-specific action dominated the equity markets today. The BSE-barometer of 30 shares settled at 52,275 levels, down 53 points or 0.10 per cent while the Nifty50 shut shop at 15,740-mark, down 11.5 points or 0.07 per cent. Tata Motors, Tech Mahindra, Bharti Airtel, Indian Oil Corporation, HCL Tech, and Infosys were the top gainers on the indices. Hindalco, Tata Steel, JSW Steel, Kotak Bank, HDFC, and SBI, meanwhile, were the top laggards. In the broader market space, the BSE MidCap index hit a record peak for the fifth consecutive day, at 22,822.6 levels, and ended the day at 22,769.5 levels, up 0.36 per cent. The SmallCap counterpart, on the other hand, closed 0.9 per cent higher at 24,827 levels after hitting a new peak of 24,868 earlier today. Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, however, cautions investors against the "excessive rally" in the broader market as any correction in the market is felt more in the mid-, small-cap stocks due to lack of depth in the segment. Individually, Adani Power hit a record high of Rs 152, soaring 20 per cent in intra-day trade, on the back of heavy volumes while Torrent Power and Tata Power gained over 4 per cent each on the BSE. Propelled by these, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011. Besides, shares of Piramal Enterprises zoomed 11 per cent to Rs 2,183 on the BSE in intra-day trade, thus surging 17 per cent in two days, after the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Piramal Group's resolution plan for the beleaguered DHFL. The latter's stock was also locked in upper circuit for the second straight day, up 10 per cent at Rs 22.85 on the BSE. Lastly, shares of Laurus Labs hit a new high of Rs 642, up 12 per cent on the BSE. The stock was quoting higher for the eighth straight trading day and has outperformed the market by surging 73 per cent in the past three months after the company's promoters released most of the pledged shares by selling their stake. On the sectoral front, metal and financial stocks remained under pressure with the Nifty Bank, PSU Bank, and Metal indices closing up to 1.4 per cent lower. On the upside, the Nifty IT, FMCG, and Pharma indices gained around 1 per cent each. In the primary market, the growth versus profitability debate in the context of Zomato seems to be already heating up ahead of the company's initial public offering (IPO) planned later this year. According to analysts at Jefferies, while one set of investors are looking at Zomatos' growth metrics even at the cost of medium-term profitability, the other camp is looking for a clear path to profitability going ahead. Potential competition from Amazon, Thrive etc. is also on investors' minds and so is the dynamics between Zomato and Swiggy, they said. Global markets   European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over the United Kingdom lifting restrictions later this month capped gains. The pan-European STOXX 600 index was flat after notching a record high earlier, while the UK's FTSE 100 gained 0.4 per cent. In Asia, Japan's Nikkei ended 0.3 per cent lower, South Korea's Kospi dipped 0.13 per cent, and China's Shanghai Composite ended 0.5 per cent lower. Meanwhile, futures of Wall Street's three main indices were mixed. Dow Jones Futures were down 0.04 per cent while Nasdaq Futures were up 0.25 per cent.

Benchmark indices exhibited a healthy trading session on Thursday as firm global cues, a consistent fall in daily Covid-19 cases, and a stronger rupee kept market mood upbeat. The benchmark S&P BSE Sensex stayed within a band of 331 points while the Nifty see-sawed between 15,705 and 15,611 levels. The gains came even as activity in India's dominant services industry contracted in May for the first time in eight months. The Nikkei/IHS Markit Services PMI fell to a nine-month low of 46.4 in May from 54.0 in April, sliding below the 50-level that separates growth from contraction, for the first time in eight months. The BSE barometer settled at a fresh closing peak of 52,232 levels, up 383 points or 0.74 per cent with the index breadth firmly tilting towards gainers. Only 9 of the 30 constituents ended the day in the red including IndusInd Bank, Bajaj Auto, M&M, Dr Reddy's Labs, and HCL Tech. On the upside, Titan Company clocked a massive rally of 7 per cent to end the day as the top gainer, followed by ONGC, Kotak Bank, Bajaj Finance, Axis Bank, HDFC Bank, and L&T. On the NSE, the 50-share index added 114 points, or 0.73 per cent, to settle the day at 15,690. Investors pulled out funds from Pharma stocks as the index remained the only loser on the NSE, down 0.26 per cent. On the upside, the Nifty Realty index jumped nearly 4 per cent, where Oberoi Realty, Phoenix Mill and Prestige Estates surged between 6 per cent and 10 per cent on the NSE while Indiabulls Real Estate, Sunteck Realty, Sobha, DLF and Godrej Properties gained in the range of 2 per cent to 5 per cent.   The broader markets, meanwhile, outperformed the headline indices and hit new record highs for a second consecutive day. The BSE MidCap and SmallCap indices ended 1 per cent higher each after hitting a record peak of 22,395 and 24,138 levels, respectively. Among key buzzing stocks, Shares of Titan Company hit a record high of Rs 1,702 after they rallied 7 per cent on the BSE in intra-day trade today amid expectation of a strong recovery, due to pent up demand and market share gains. With a sharp surge in the market price of Titan Company, its market capitalisation touched Rs 1.5 trillion-milestone. >> That apart, Wipro on Thursday touched Rs 3 trillion market capitalisation-mark for the first time, becoming the third Indian IT firm to achieve the milestone after Tata Consultancy Services and Infosys. Wipro's stock hit Rs 550 in intra-day trade, rising 1.27 per cent, taking the market capitalisation to Rs 3.01 trillion. >> Shares of sugar companies were in focus too after the government brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India's dependence on costly oil imports. Individually, Balrampur Chini Mills rallied up to 8 per cent in intra-day trade today while Triveni Engineering & Industries, EID Parry (India), Dhampur Sugar Mills, Dwarikesh Sugar Industries and Avadh Sugar & Energy surged in the range of 3 per cent to 4 per cent. >> Meanwhile, Muthoot Finance shares jumped 8 per cent to hit a new high of Rs 1,537 on the BSE in intra-day trade today after the firm reported a strong set of numbers for the quarter ended March (Q4FY21) with healthy business growth and improved asset quality. With today's gain, the scrip has surged 17 per cent in two trading days. >> Lastly, shares of Reliance Industries (RIL) continued their northward movement to hit an over seven-month high of Rs 2,250, up 2.2 per cent, on the BSE in intra-day trade on Thursday amid expectations of a good operational performance going forward. The stock was quoting higher for the seventh straight trading day and has rallied 15 per cent during this period. Global cues   Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near one and a

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Bulls ruled on Dalal Street on Friday, the first day of the June F&O series, as a trinity of steady decline in Covid-19 cases, announcement of unlocking in the national capital, and $6 trillion fiscal stimulus in the US, held up investor confidence. The benchmark Nifty index scaled a fresh record peak of 15,469.6 on the National Stock Exchange (NSE) in intra-day trade today, surpassing its previous record peak of 15,432 hit on February 16. The index traded higher for the sixth consecutive session as India recorded its lowest daily count of new Covid-19 cases in 44 days. The country, on Thursday, logged 1.8 lakh fresh virus cases while death remained below 4,000-mark. Add to it, Delhi Chief Minister Arvind Kejriwal also announced that the national capital will begin to unlock from Monday and said that construction activities and factories will be reopened from May 31. Reading these developments as a first step towards a gradual uptick in economic activities, benchmark indices zoomed to day's high of 51,529 on the S&P BSE Sensex and record peak on the Nifty. By close, the Sensex index was quoting at 51,423 levels, up 308 points or 0.6 per cent while the Nifty50 was at 15,436-mark, up 98 points or 0.64 per cent. During the week, both the frontline indices added 1.7 per cent each. Individually, Reliance Industries was the biggest contributor towards the indices' rally today after the stock clocked its sharpest intra-day gain in two months and zoomed 6.4 per cent. The stock, which settled 6 per cent higher on the BSE, looks firm on both, fundamental and technical, grounds. Analysts at Jefferies maintained their 'buy' rating on the counter with a target of Rs 2,580 per share.   Shares of Mahindra & Mahindra, on the other hand, ended 2 per cent higher on the BSE today after it reported consolidated profit of Rs 163 crore for the March quarter of 2020-21 (Q4FY21), which was impacted by a one-time loss of Rs 840 crore. In comparison, M&M had reported a loss of Rs 3,255 crore in the year-ago quarter. The company has also announced the highest-ever dividend of Rs 8.75 per share for FY21, to commemorate the 75th year of the company. Sun Pharma, meanwhile, was the top laggard on the indices today, down 4 per cent at close, as the company reported a lower-than-expected profit after tax (PAT) in the March quarter (Q4F21) due to lower other income. It tumbled nearly 5 per cent in intra-day trade.   Grasim, Adani Ports, Eicher Motors, Coal India, HDFC, Kotak Bank, and IndusInd Bank were the other top gainers of the day, up between 1 per cent and 3 per cent. On the downside, ICICI Bank, Bajaj Finserv, NTPC, PowerGrid, Shree Cement, and Nestle India were the top losers, down up to 2 per cent. Broader markets, however, settled the day in the red on the back of profit-booking. The BSE Midcap index fell 0.12 per cent and the BSE SmallCap index dropped 0.48 per cent. In terms of sectoral participation, the Nifty PSU Bank index gained 0.7 per cent, followed by the Nifty Private Bank index, up 0.3 per cent. On the contrary, the Nifty Pharma index slipped 1.2 per cent on the NSE. Global markets European shares rose to a record high on Friday as UK-exposed financial stocks gained following a hawkish comment from a Bank of England official, with the prospects of increased US fiscal spending boosting market sentiment. That apart, European economic sentiment and consumer confidence data, which is due later in the day, is also expected to show an improvement in May. Given this, the pan-European STOXX 600 index rose 0.5 per cent to a record high of 448.55 points and was set to add about 0.8 per cent this week. German stocks also added 0.4 per cent, as the country planned to offer adolescents Covid-19 vaccine shots from early-June. Earlier in Asia, Japan's Nikkei climbed 2 per cent, South Korea's Kospi gained 0.7 per cent, and Australia's S&P/ASX200 rallied 1.2 per cent. In the commodities market, oil prices, which

Fag-end buying in public sector banks, IT, and metal counters ahead of the expiry of May derivatives contracts propelled the benchmark Nifty50 index to record closing high on Thursday. From an intra-day low of 15,272, the index leaped 66 points to settle at 15,338. Minutes before closing, the index hit a high of 15,384.5 levels. The BSE barometer of 30-shares, meanwhile, ended 98 points, or 0.19 per cent, higher at 51,115 levels as losses in HDFC, Bajaj Finance, HUL, and Bharti Airtel were offset by gains in Kotak Bank, Reliance Industries, TCS, Axis Bank, and State Bank of India. The index hit an intra-day high of 51,283. Overall, Shree Cement, SBI, Bajaj Auto, Kotak Bank, Tech Mahindra, Ultratech Cement, Axis Bank, and Tata Steel were the top large-cap gainers, up between 2 per cent and 4 per cent, while HDFC, Bajaj Finance, ONGC, Bharti Airtel, and Indian Oil Corporation were the top laggards, down up to 2.7 per cent. The rally in the broader market space continued unabated. The S&P BSE MidCap index added 0.54 per cent while the SmallCap counter gained 0.34 per cent. Sectorally, the Nifty PSU Bank remained the top performing index on the NSE today, up around 3 per cent. This was followed by the Nifty IT index which grew 1.2 per cent. Earlier in the day, Wipro, Birlasoft, Coforge, Firstsource Solutions, Mindtree, Persistent Systems and Sonata Software hit their respective record highs in the intra-day trade while Tata Consultancy Services (TCS), Tech Mahindra, Infosys, HCL Technologies and Larsen & Toubro Infotech advanced in the range of 1 per cent to 3 per cent. The Nifty Bank, Private Bank, and Metal indices, too, added between 1 per cent and 1.2 per cent. On the downside, the Nifty Realty and Pharma indices slipped 1 per cent and 0.2 per cent, respectively. Global markets   World stocks were pinned down on Thursday as investors awaited US data expected to offer clues on inflation. The Euro STOXX 600 lost 0.2 per cent, with German shares down 0.5 per cent and London's main index making slim losses. France gained 0.1 per cent. The MSCI world equity index, which tracks shares in 49 countries, was flat. Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan clawed back losses to trade flat at 695.37. Japan's Nikkei, South Korea's Kospi, and Hong Kong's Hang Seng slipped 0.3 per cent, 0.1 per cent, and 0.2 per cent, respectively. A look at the top developments and buzzing stocks of the day: >> Shares of Bharat Petroleum Corporation Limited (BPCL) rose 4 per cent and hit a 52-week high of Rs 488 on the BSE in intra-day trade on Thursday after the state-owned oil marketing company's board recommended a final dividend of Rs 58 per equity share, including one-time special dividend of Rs 35 per equity share for the financial year ended March 31, 2021. In the past one month, the stock has outperformed the market by gaining 15 per cent, as compared to 5.5 per cent rise in the S&P BSE Sensex. The stock, however, erased all the gains and ended 0.75 per cent lower after a Reuters report said the PSU's divestment could be pushed back by a quarter to December 2021. >> Those of Sun Pharma ended 0.5 per cent lower ahead of the announcement of its March quarter results. The pharma company, in a post-market hour development, reported net profit of Rs 894 crore, much lower than Street estimates of Rs 1,443 crore. >> Earlier in the day, Strides Pharma and Cadila Health, each, reported net profit of Rs 46 crore and Rs 679 crore, respectively. >> Meanwhile, Paytm, India’s leading digital payments provider, is aiming to raise about Rs 21,800 crore ($3 billion) in an initial public offering late this year, a Bloomberg report said. If successful, Paytm’s initial share sale would surpass Coal India Ltd.’s offering, which raised more than Rs 15,000 crore in 2010 in the country’s largest IPO so far. The One97 board is expected to meet this Friday to formally approve the IP

A range-bound trade ended flat on Tuesday as indecision weighed on investors' minds. Tracking solid global cues, the domestic equity indices opened gap-up with the frontline S&P BSE Sensex and NSE's Nifty50 indices extending their gains to surge as high as 50,961 and 15,294 levels, respectively in the intra-day deals. However, profit-booking at higher levels and selling in financial counters put a lid on gains. That said, expectations that the government is preparing a stimulus package for sectors worst affected by the deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, supported indices. According to a Bloomberg report, the finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies. The discussions are at an early stage and no timeline for an announcement has been decided. Given this, the BSE barometer of 30 shares gyrated within a band of 487 points and eventually settled 14 points lower from previous day's closing at 50,637.5 levels. On the NSE, the Nifty50 defended the psychological level of 15,200 and shut shop at 15,208, up 11 points. Up to 2 per cent decline in heavyweights such as HDFC Bank, Reliance Industries, Axis Bank, Kotak Bank, HDFC, ITC, and IndusInd Bank largely dragged the indices lower. Meanwhile, Infosys, Asian Paints, TCS, Titan Company, and ICICI Bank, which gained between 0.4 per cent and 3.5 per cent, supported the indices. Overall, JSW Steel, Asian Paints, Titan, Eicher Motors, Britannia, and Bajaj Finserv were the top gainers on the benchmark indices while HDFC Bank, HDFC Life, Axis Bank, IndusInd Bank, Coal India, and Reliance Industries were the top laggards. In the broader markets, the S&P BSE MidCap index slipped 0.3 per cent as against the S&P BSE SmallCap index that rose 0.3 per cent. From a sectoral view point, all financial indices -- the Nifty Bank, Private Bank, PSU Bank, and Financial Services indices -- slipped between 0.9 per cent and 1.4 per cent. On the upside, the Nifty Media index zoomed 3 per cent, followed by the Nifty IT index (up 1 per cent) and the Metal index (0.6 per cent). Global indices   European stocks advanced on Tuesday as easing inflation fears lifted global market sentiment. The pan-European STOXX 600 index rose 0.3 per cent to an all-time high of 446.5 points after it surpassed its early-May peak of 446.19. Germany’s DAX also gained 0.8 per cent and hit a fresh peak. Meanwhile in Asia, Japan's Nikkei added 0.7 per cent, South Korea's Kospi gained 0.9 per cent, and China's Shanghai Composite zoomed over 2 per cent. A look at some of the top developments and buzzing stocks of the day: >> Shares of Barbeque Nation Hospitality hit 20 per cent upper circuit at Rs 767.50 on the BSE today after the company's consolidated Ebitda more-than-doubled at Rs 56.1 crore in the March quarter. The company's consolidated revenues grew 18.5 per cent year on year (YoY), while same store sales grew 20 per cent. >> Shares of Amara Raja Batteries declined 6.5 per cent to Rs 732 on the National Stock Exchange in the intra-day trade after 39.12 million equity shares of the battery maker changed hands on the counter. According to a media report, Clarios was to sell 17.1 million shares for an aggregate of $174 million today. The floor price for the same had been fixed at Rs 746 per share. >> Asian Paints and Berger Paints India surged over 2 per cent on the BSE and hit fresh record peaks of Rs 2,922 and Rs 827, respectively on expectation that strong volume growth would sustain along with potential demand shift from unorganised segment. In the past one month, these stocks have outperformed the market by surging 15 per cent each, as compared to 6 per cent gain in the S&P BSE Sensex. >> On the earnings front, a report by Motilal Oswal Financial Services suggests that Nifty FY22 earnings may largely rem

After clocking a one-way rally over the past two days, domestic indices took a breather on Wednesday to digest news flow around record Covid-19 fatalities in the country along with global inflation fears. India's daily virus cases rose marginally on Wednesday with over 267,000 fresh cases. With this, the new infection count has remained below the 300,000-mark for the third consecutive day.  However, the country reported a national record of 4,529 new deaths which, analysts say, remains a cause of concern. The country has been reporting over 4,000 deaths per day for over a week now. Globally, stocks dipped and cryptocurrencies extended losses as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now. Investors concerned about rising inflation will be keeping a close eye on the Federal Open Market Committee as it publishes the minutes from its April meeting later today. In Europe, the pan-European STOXX 600 index fell 1.1 per cent in early deals while in Asia, Japan's Nikkei erased 1.3 per cent, China's CSI300 slipped 0.3 per cent, and Australia's S&P/ASX 200 index tumbled 2 per cent. With these dual concerns in mind, domestic investors booked profit, majorly in large-caps, on Dalal Street. After a gap-down start, the BSE barometer of 30-shares managed to eke out slim gains in the intra-day deals but tumbled nearly 450 points from the day's high to hit a low of 49,831. The index settled the day at 49,903 levels, down 291 points or 0.58 per cent. On the NSE, the Nifty50 index defended the crucial 15,000-mark and closed at 15,030 levels, down 78 points or 0.52 per cent. Earlier today, it hit a low of 15,008. Coal India, Cipla, Sun Pharma, UPL, Nestle India, Indian Oil Corporation, Tech M, Axis Bank, and SBI Life were the top gainers of the day, up between 1 per cent and 4 per cent, while Tata Motors, HDFC, M&M, JSW Steel, Bajaj Finserv, Bharti Airtel, and Kotak Bank were the top laggards, down up to 5 per cent. In the broader market space, the S&P BSE MidCap and SmallCap indices ended 0.53 per cent and 0.35 per cent higher, respectively. Sectorally, the trend was largely mixed. The Nifty Financial Services index declined 1 per cent, followed by 0.9 per cent loss each in the Nifty Private Bank and Metal indices. On the upside, the Nifty Realty index zoomed over 2 per cent while the Nifty Pharma index added 1 per cent. Buzzing stocks   Shares of Tata Motors dipped 6 per cent to Rs 312 on the BSE in the intra-day trade on Wednesday on account of profit booking even as the firm reported a strong operational performance for the quarter ended March 2021, led by its UK subsidiary JLR and its India business. It also narrowed consolidated loss, which was mainly on account of exceptional items. The stock eventually ended 5 per cent lower on the BSE. Those of Ujjivan Small Finance Bank tumbled 8.1 per cent to hit an intra-day low of Rs 28 apiece on the BSE after the lender's asset quality worsensed in the March quarter. The stock, however, erased losses partially and closed 3 per cent lower on the BSE. Gross non-performing asset (GNPA) ratio rose from 0.97 per cent last year and 0.96 per cent (4.8 per cent as per pro-forma) in Q3FY21 to 7.1 per cent in the quarter ended March 2021. Net NPA ratio also rose to 3 per cent from 0.2 per cent last year and 0.05 per cent in Q3FY21. Shares of Birla Corporation, on the other hand, traded higher for the eighth straight day and hit a record high of Rs 1,375 after it rallied 14 per cent on the BSE in Wednesday's intra-day trade on strong set of numbers for Q4FY21. The share surpassed its previous high of Rs 1,290, hit on January 8, 2018. Gland Pharma shares also hit a new high of Rs 3,512, up 14.6 per cent on the BSE, in the intra-day trade on Wednesday. In the last two days, the scrip has surged over 17 per cent after the company reported a healthy 34 per cent year-on-year rise in its consolidated net profit i

After four straight days of gains, investors on Dalal Street took profit off the table amid lingering concerns on the Covid front and roadblocks in the vaccination drive. A weak global market mood further exacerbated the fall with the selloff gathering steam in the late afternoon session as investors unwound positions ahead of the weekend. India for the ninth day reported cases over 3 lakh with the caseload nearing the 4 lakh mark. In the last 24 hours, the total fresh Covid cases stood at 3,86,693. Meanwhile, delay in vaccination amid shortages of jabs is hurting sentiment on the Street as investors banked on India's economy to revive amid a faster inoculation programme. States like Maharashtra, Karnataka and Delhi have flagged vaccine shortages. Amid this backdrop, the BSE flagship index Sensex ended close to the day's low at 48,782, down 984 points with only five constituents in the green. Meanwhile, its NSE counterpart Nifty declined 264 points to shut shop at 14,631. In spite of today's fall, the benchmark indices added 2% for the week, snapping their three-week losing run. HDFC twins, ICICI Bank, Kotak Bank, Asian Paints and M&M were among the top Sensex losers today, down in the range of 3-4%. Meanwhile, ONGC, Sun Pharma, DRL, Bajaj Auto and Power Grid were the only five scrips that managed to hold their head above water as Sensex turned into a sea of red. The story on the sectoral side was somewhat similar with Nifty Pharma as the sole gainer, up 1.28%. Nifty Financial Services and Nifty Bank were the worst performers, down nearly 3% each. The broader markets mirrored weak sentiment seen in the benchmarks but the quantum of fall was somewhat lesser. The Nifty Midcap100 index declined 0.37% and Nifty Smallcap100 0.40%. In stocks-specific action, shares of Wipro jumped to a record high of Rs 511.95 on the BSE after the company revised its IT services revenue growth guidance to 8-10% for Q1FY22 as against 2-4% projected earlier. The scrip settled the day up only 0.73% at Rs 493.50. IndiaMart InterMesh plummeted 9.47% on the BSE on weak operational performance in the March quarter of FY21. The B2B e-commerce firm's total income increased just 1 per cent to Rs 190 crore during the reported quarter from Rs 187 crore in the corresponding period of 2019-20. Tata Coffee shares settled 2% higher after jumping over 9% in intra-day session to a 52-week high of Rs 139.70 after the company reported 2 fold jump in March quarter profit at Rs 57.37 crore. Shares of RIL declined 1.42% ahead of its March quarter results slated to be out later in the evening. IndiGo and SpiceJet declined up to 2% as India extended the international flight ban by a month. Meanwhile, in other news. Christopher Wood, global head of equity strategy at Jefferies raised weightage on India in his relative-return portfolio even as he believes that the stock market is potentially vulnerable in the absence of concrete evidence that India's second wave has peaked. Chis Wood has increased weightage on Indian equities by two percentage points to 14%. Lastly, a look at the global markets. Asian markets declined on Friday following a softer-than-expected survey on China's manufacturing. Mainland Chinese shares lost 0.25% while Japan's Nikkei shed 0.7%. MSCI's ex-Japan index declined 0.6%. In Europe, however, the Stoxx 600 gauge rose. US stock-index futures also retreated as traders took a month-end breather amid a record high for the S&P 500 Index and some earnings disappointments. Futures on the S&P 500 Index dipped 0.3%, indicating a weak start to the Wall Street session.

Gains in banking and auto counters following superior Q4 results and vaccine optimism buoyed domestic global markets for the third day in a row on Wednesday ahead of the US Fed policy outcome later today. The BSE flagship index Sensex ignored a weak set of global cues and risks arising from Covid-19's second wave to surge 790 points to 49,734. ICICI Bank, HDFC twins, Bajaj Finance, Kotak Bank and SBI were the key index contributors. Meanwhile, NSE Nifty settled the day at 14,865, up 212 points with 35 constituents in the green and 15 in the red. In the 30-pack Sensex, Bajaj Finance emerged the best performer as it rose 8.3% to Rs 5,279 following a 42% jump in consolidated net profit at Rs 1,347 crore during the fourth quarter of FY21. It was trailed by IndusInd Bank, Bajaj Finserv, ICICI Bank and Kotak Bank that gained in the range of 3-5%. On the flip side, Nestle India, HCL Tech, L&T, TCS and DRL were among the top losers. The broader markets also settled in the green although underperformed the benchmark. Nifty Midcap 100 index added 1.11% while the Nifty Smallcap 100 index gained 0.64%. In the sectoral space, Nifty Realty, Nifty Pharma and Nifty Metals turned out to be the day's losers. Bank Nifty with a gain of 3.02% was the best gainer ahead of the expiry of F&O contracts. It was trailed by Nifty Private Bank, Nifty Financial Services and Nifty PSU Bank indices which gained between 2.5-3%. In stock-specific moves, shares of TVS Motor Company rallied 14.06% to settle at Rs 645.90 on the BSE after the company's Q4 numbers beat analysts' estimates. The scrip touched intra-day high of Rs 661.10, its 52-week high. Shares of Anupam Rasayan also hit a 52-week high of Rs 666 in intra-day session today after it bagged an order worth Rs 1,100 crore from a multinational life sciences firm. The scrip finally settled the day at Rs 640.10, up 1.82%. SBI jumped 2.95% after the bank's board approved raising $2 billion through a public offer or private placement. Shares of Hindustan Unilever and Bajaj Auto ended the day 1.07% and 2.76% higher, respectively, ahead of their March quarter results tomorrow. That apart, Zomato filed a Draft Red Herring Prospectus (DRHP) with the Sebi to raise Rs 8,250 crore through its Initial Public Offering (IPO). The IPO offer includes a fresh issue by the company worth Rs 7,500 crore, and an offer for sale by the selling shareholder Info Edge. Meanwhile, in other news. As the Covid pandemic continued to rage havoc in the country, many economists flagged risks from the same to India's economic recovery. For instance, S&P Global, which has a long-term credit rating of 'BBB-' on India, just one notch above junk, said it may have to revise its base-case assumption of 11% growth over fiscal 2021/2022 if wider containment measures to contain Covid are re-imposed. The rating agency believes the Covid outbreak poses downside risks to GDP and heightens the possibility of business disruptions. In a recent note, those at IHS Markit suggest that they expect the Indian economy (as measured by GDP) to grow at 9.6 per cent in FY22. Maharashtra’s lockdown, it said, represents a significant dampener on growth, as the state accounts for 16 per cent of the national GDP. Lastly, an update on the global markets. World shares cosied up close to record highs and the dollar and global bond yields nudged up on Wednesday, as traders waited to see if the U.S. Federal Reserve utters the dreaded ‘T’ word later - tapering of its mass stimulus programme. Japan's Nikkei ended 0.2 per cent up, South Korea's Kospi declined 1 per cent, and Australia's S&P/ASX200 index gained 0.44 per cent. European stocks were little changed amid a busy earnings-reporting day. The Stoxx Europe 600 Index was flat. Futures on the S&P 500 Index advanced 0.1%, indicating a flat-to-positive start for Wall Street later in the day.

Meeta is the founder of The Hard Copy, a resource for building a modern-day, digital-first, design-led brand. She has helped to create some of India's biggest consumer and financial services brands, from Airtel to Kotak Bank, Bru Coffee to Vistara Airlines. She was one of two partners at Ray+Keshavan, a consultancy that was acquired by media conglomerate WPP. Meeta then co-founded a SaaS enterprise product that was acquired by BMC Software. In this conversation Meeta talks about branding for startups and more: Builders to Sellers mindset Brand Building 1-0-1 Framing a brand statement Why branding is essetial Advice for building a category Going about building a brand Prioritising traget audience Dynamics of being a challenger brand Importance of personal branding Evolution of the Indian Startup Ecosystem Connect with Meeta LinkedIn: https://www.linkedin.com/in/meetamalhotra/ Twitter: https://twitter.com/meetamalhotra Connect with us: Linkedin: https://www.linkedin.com/company/startup-operator​ Twitter: https://twitter.com/OperatorStartup​ If you liked this conversation, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode! --- Send in a voice message: https://anchor.fm/startup-operator/message

Led by the healthy buying in index heavyweights Reliance Industries and banking and financial counters, domestic benchmark indices edged higher for the second day in a row. Analysts believe stocks are up in anticipation of good quarterly earnings and improved outlook due to a hike in stock prices and demand. Concerns on the Covid front still lingered in the backdrop. Meanwhile, investor focus will shift to the US Fed's policy meet outcome slated for tomorrow. The BSE Sensex settled close to day's high at 558, up 48,944 points amid across the board buying. It had touched an intra-day high of 49,009. Meanwhile, NSE's Nifty50 shut shop 168 points higher at 14,653. With April derivative expiry approaching, and with Nifty option premiums not pricing much above 14700 for now, caution is recommended, said Anand James, Chief Market Strategist at Geojit Financial Services. L&T was the best performer in the 30-pack Sensex as it gained 3.53%. It was trailed by Bajaj Finance, SBI, IndusInd Bank, RIL and HDFC Bank that gained between 2-3%. On the downside, Maruti Suzuki emerged as the worst performer, down 1.28%, after the automaker's March quarter numbers disappointed investors. The company reported a standalone net profit of Rs 1,166.1 crore for the quarter ended March 31, 2021 (Q4FY21). It was down 9.72 per cent from the previous year’s profit of Rs 1,291.7 crore. The numbers missed Street estimates by a huge margin as analysts had projected the PAT to grow anywhere between 37 per cent and 51 per cent YoY. Other Sensex losers were - NTPC, Nestle India, Kotak Bank and DRL. On the sectoral front, all indices ended in the green on NSE with Nifty Metals in the lead, up 2.7%, followed by Nifty PSU Bank index which added 2.3%. Nifty Pharma clocked the least gains among all at 0.7%. Broader markets, meanwhile, outperformed the benchmark with Nifty Midcap and Nifty Smallcap indices rallying 1.57% and 1.74%, respectively. Among stock-specific action: Shares of Jindal Steel & Power scaled a fresh 52-week high of Rs 455.95 on the BSE after the company board approved divesting entire equity interest in subsidiary Jindal Power to Worldone, a promoter group company, for Rs 3,015 crore. The scrip settled the day at Rs 450.35, up 1.82%. Castrol India surged as much as 7% in intra-day trade after the firm reported a near doubling of net income for the quarter to March at Rs 243.6 crore as against Rs 125.2 crore a year ago, driven by robust revenue growth. The stock finally settled the day only 1.8% higher at Rs 127.50. Shares of State Bank of India climbed 2.82% after the firm said the company board will meet on April 28 to mull raising up to $2 billion. Shares of Axis Bank, Bajaj Finance and Britannia closed in the green ahead of their March quarter results later today. In other news, the US Chamber of Commerce warned that the Indian economy could falter as a result of a record spike in coronavirus cases, creating a drag for the global economy. Myron Brilliant, executive vice president of the Chamber said the risk of spillover effects was high given that many US companies employ millions of Indian workers to run their back-office operations. "We expect that this could get worse before it gets better," Brilliant told Reuters, citing a "real risk" the Indian economy would falter. Lastly, an update on the global markets. Shares dipped from record highs on Tuesday as optimism about the economic recovery was dented by caution ahead of the Federal Reserve's policy decision and a raft of earning updates. The MSCI world equity index, which tracks shares in 49 countries, fell 0.1%, following a muted session in Asia and slight early losses in Europe. S&P 500 futures rose almost 0.1% indicating a firm start for Wall Street.

The Indian market is likely to open flat to lower Tuesday as the trend on SGX Nifty indicates a mildly weak start for the broader index in India. The Nifty futures were trading 40.5 points or 0.28 percent lower at the 14,447.0 level on the Singaporean Exchange at 8:30 am.

Welcome to The Stock Market Podcast by Sharique Samsudheen. We meet here every day at 8.30 pm to discuss, analyze, and learn everything about the stock market. We start the day by analyzing the Nifty & Bank Nifty levels and go on to talk about top news for the day. We also discuss stocks to watch for tomorrow. Intro: 00:00 Watchlist Update: 01:23 Markets Today (Why Did Nifty Fly up : Morgan Stanley, Kotak Bank and more): 04:33 Top Gainers/Losers of the Day: 08:20 More Results (Tata Motors, CEAT Tyres, Bharti Airtel and more): 14:27 Future Reliance Deal in Trouble? : 17:38 Markets Tomorrow: 21:08 Athishaktham Watchlist: 24:50 Your Questions, My Answers(What is the right time to enter a trade?): 27:35 Open Demat & Trading Account with Zerodha - https://zerodha.com/open-account?c=ZMPKGJ Open Free Demat Trading Account With Upstox - https://upstox.com/open-account/?f=8U0X Do check out our video version - https://www.youtube.com/watch?v=Xs3WlBNC9xM Send in your valuable feedback to marketfeed@fundfolio.in

Hey, Bollywood buffs! Pinkvilla News Brief is back once again with the hottest news scoops of the day. Starting off with the latest developments from the Sushant Singh Rajput's death case investigation, there are several revelations that have made the headlines. From visiting the Kotak Bank branch in Bandra, where Sushant had his bank accounts, to questioning Rhea Chakraborty's associate Samuel Miranda, and the possibility of a psychological autopsy taking place, the CBI continues to investigate all angles the late actor's death probe. While CBI is busy with their investigation, news broke claiming Sushant's friend Sandip had not been in touch with the Kai Po Che star for 10 months before his death. Apart from Sushant's case, we've also got news from Kareena Kapoor Khan and Saif Ali Khan household, and an update on Sanjay Dutt's cancer treatment. Sit back and listen to Pinkvilla News Brief!

Kotak Bank profit before tax slips 10.6% at Rs 2,674 cr for March 2020 qtr