Stock market investors lose nearly Rs 10 lakh crore in 2 days of sharp fall on US tariffs

Stock market investors lose nearly Rs 10 lakh crore in 2 days of sharp fall on US tariffs

Equity investors became poorer by Rs 9.69 lakh crore in two days of sharp fall in the stock markets, where the benchmark Sensex tumbled 1,555 points. The additional 25 per cent tariff imposed by the US on India came into effect on Wednesday, bringing the total amount of levies imposed on New Delhi to 50 … Read more

SBMC receives RBI nod for 25% stake acquisition in Yes Bank, not to be classified as promoter

SBMC receives RBI nod for 25% stake acquisition in Yes Bank, not to be classified as promoter

Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank … Read more

Nifty in short-term uptrend mode, buy UNO Minda, Lupin shares: Rupak De

Nifty in short-term uptrend mode, buy UNO Minda, Lupin shares: Rupak De

Rupak De, Senior Technical Analyst at LKP Securities, sees Nifty sustaining its short-term uptrend as long as it holds above 24,800, with potential to climb towards 25,000–25,250. While Bank Nifty remains weak, he highlights UNO Minda and Lupin as bullish picks for the week, alongside a sell call on Axis Bank. Edited excerpts from a … Read more

Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe

Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe

Shares of Reliance Infrastructure and Reliance Power have tumbled up to 19% over the past six trading sessions amid an ongoing investigation into an alleged Rs 17,000 crore loan fraud involving the Anil Ambani-led companies. On Wednesday, Reliance Infrastructure shares dropped over 4% to the day’s low of Rs 267. Meanwhile, Reliance Power shares fell … Read more

Market may inch upward gradually after digesting weak Q1 results, global noise: Neeraj Dewan

Market may inch upward gradually after digesting weak Q1 results, global noise: Neeraj Dewan

“These are the two or three key factors dragging the market. However, on the domestic front, the macro setup looks decent—monsoons have been good so far, interest rates remain low, and liquidity is improving. These factors should bode well for the second half of the year. The third and fourth quarters could see better performance,” … Read more

Axis Bank touts quality push, but market flags a host of concerns

Axis Bank touts quality push, but market flags a host of concerns

Axis Bank tightened its asset classification and income recognition norms, signalling a more conservative credit approach that appears to have dented the lender’s June-quarter profitability. An unexpected bottom-line shrinkage caused the stock to slump more than 5% Friday, forcing a retreat of the Nifty on which Axis Bank has the third-biggest weighting among private lenders. … Read more

SBI, HDFC Bank among 10 banking stocks in Antique’s top picks that may rally up to 50% – Solid bets

SBI, HDFC Bank among 10 banking stocks in Antique’s top picks that may rally up to 50% – Solid bets

Antique Stock Broking has named its top picks in the Indian banking sector, favouring large lenders like Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and SBI. It also sees strong upside in smaller banks such as Ujjivan, Equitas, Federal Bank, CUB, and KVB. While near-term consolidation is likely, broader gains are expected from … Read more

Golden Crossovers: These 4 stocks signal bullishness on May 22 – Bullish Signals

Golden Crossovers: These 4 stocks signal bullishness on May 22 – Bullish Signals

In the Nifty500 pack, four stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on May … Read more

JM Financial bets on banks, capex-led growth stocks with launch of new model portfolio for Indian equities

JM Financial bets on banks, capex-led growth stocks with launch of new model portfolio for Indian equities

JM Financial has launched its India Model Portfolio with a bullish stance on banks, infrastructure, and domestic demand plays, while staying cautious on expensive mid-cap and small-cap stocks and export-oriented sectors. The brokerage said it is overweight on banks, real estate, telecom, infrastructure, defence and oil & gas. The model portfolio marks a key shift … Read more

Kotak Equities reshuffles model portfolio; adds IndiGo, Pidilite; reduces Dabur. Here’s what changed

Kotak Equities reshuffles model portfolio; adds IndiGo, Pidilite; reduces Dabur. Here’s what changed

Making adjustments to its model portfolio, domestic brokerage firm Kotak Institutional Equities has increased the weight of InterGlobe Aviation (INDIGO) by 100 basis points to 250 basis points and Pidilite Industries (PIDI) by 40 basis points to 190 basis points. Meanwhile, Dabur witnessed a decrease in the weightage. According to the domestic brokerage firm, both … Read more