US election, Q2 earnings, Fed meet and 5 more factors to likely impact stock markets this week
The Indian equity market concluded Friday with a 0.5% weekly gain, led by gains in banking, financial, and metal stocks. As markets reopen on Monday, a mix of domestic and international events—including Q2 earnings reports, the US election, and global market dynamics—will likely shape market movements. On Friday, the Nifty 50 and BSE Sensex rose…
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Smallcaps run risk of extended selloff as earnings slow
The tide is turning against India’s smaller companies as weak earnings and a souring economic outlook spur a downturn in their shares. Key gauges of small- and mid-sized companies have tumbled since hitting September highs, putting them close to a so-called technical correction of a 10% peak-to-trough decline. The Nifty Midcap 100 Index is heading…
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United Heat Transfer shares list at 3% premium over IPO price on NSE SME platform
The shares of United Heat Transfer debuted on the NSE SME platform at a premium of 3.3% on Tuesday. The stock listed at Rs 60.95 as against an issue price of Rs 59. Considering the upper price band of Rs 380, the stock is expected to list at a premium of 29% over the issue…
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Danish Power shares list at 50% premium over IPO price on NSE SME platform
The shares of Danish Power debuted on the NSE SME platform at a premium of 50% on Tuesday. The stock listed at Rs 570 as against an issue price of Rs 380. The IPO was entirely a fresh equity sale of 52.08 lakh shares and through the issue, the company raised about Rs 198 crore,…
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Premium Plast shares to debut on NSE SME platform today. GMP hints at healthy gains
The shares of Premium Plast will debut on the NSE SME platform on Monday. Ahead of the listing, the company’s shares are trading with a GMP of Rs 9. Considering the upper price band of Rs 49, the stock is expected to list at a premium of 19% over the issue price. The IPO was…
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F&O Radar| Deploy Bear Put Spread in Nifty to gain from bearish stance, market volatility
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones. It formed a bearish candle on a daily frame and closed below 24,500 zones with losses of around 310 points. “Now,…
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Barrage of stock supply is latest test for Dalal Street
A surge in share supply from initial public offerings and sales to institutions is adding pressure on Indian equities, which are already grappling with weak earnings and selling by overseas investors. Hyundai Motor India Ltd. raised $3.3 billion in the nation’s largest IPO on Thursday, and further listings worth $6 billion have been approved by…
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D-Street’s record 11-month stock rally is at risk as profits cool
India’s stocks have powered ahead in recent months as surging earnings outweighed fears about lofty valuations. That dynamic is at risk with companies forecast to report slowing profit growth. Brokerages predict that companies in the benchmark NSE Nifty 50 Index will either report flat or low single digits profit gains for the quarter ended September….
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Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on…
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Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations,…
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