Realty stocks have been battered over the past one year, with Nifty Realty declining 14% and stocks falling as much as 66%. Brokerage Elara Capital now sees a turnaround in certain stocks based on multiple levers. One is the luxury sales volume YoY increase remaining broad-based while inventory overhang stable QoQ in Tier I cities. […]
Elon Musk purchases about $1 billion worth of Tesla shares
Tesla Inc. Chief Executive Officer Elon Musk purchased about $1 billion worth of the carmaker’s shares, according to a regulatory filing. The billionaire bought the stock indirectly through a trust on Sept. 12, the filing shows. The purchases coincided with Tesla Chair Robyn Denholm speaking with Bloomberg News about the merits of a pay package […]
Bajaj Group’s Maharashtra Scooters announces 1,600% dividend, stock up 3%
Maharashtra Scooters, a Bajaj Group company, announced an interim dividend of Rs 160 per share, a staggering 1,600% of its Rs 10 face value, sending its stock 3% higher on Monday. The dividend, for the financial year ending March 31, 2026, is set for a record date of September 22, with payments expected around October […]
Bank Nifty to drive market rally; defence, alcobev stocks in focus: Pankaj Pandey
Indian equities are likely to extend gains this week, led by banking and IT, said Pankaj Pandey, Head of Research at ICICIdirect.com, in an interaction with ET Now. With US rate cuts on the horizon and easing concerns on the tariff front, Pandey expects Bank Nifty to lead the next leg of the rally. “Bank […]
European shares lifted by banking stocks, Rubis shines
European shares rose in early trading on Monday, lifted by bank stocks as investors geared up for a pivotal week of central bank meetings, including the U.S. Federal Reserve’s, while Rubis shot up after a report on the potential sale of the French company. The pan-European STOXX 600 rose 0.2% to 556.2 points, as of […]
Vodafone Idea shares jump 7% as telco’s AGR plea reportedly gets Sept 19 hearing date
Shares of Vodafone Idea jumped nearly 7% on Monday, hitting an intraday high of Rs 8.19 on the BSE, after the telco’s petition challenging the Department of Telecom’s (DoT) additional Adjusted Gross Revenue (AGR) dues was scheduled for a tentative hearing on September 19. The stock witnessed sharp buying interest following the update and was […]
LIC MF’s Toshniwal backs IT, banks, retail NBFCs; cautions on FMCG and staples
With the domestic economy showing resilience and festive demand set to provide a boost, LIC MF Asset Management’s Fund Manager Jaiprakash Toshniwal believes Indian equities are entering a more constructive phase. In an interview with ET Now, Toshniwal outlined his investment strategy, highlighting opportunities in IT, banking, and retail NBFCs while cautioning against overvalued staples […]
JBM Auto up 4%, extends rally for second day after subsidiary secures $100M investment
JBM Auto shares rose over 4% on Monday, reaching an intraday high of Rs 741 on the BSE, extending gains for a second consecutive session. The stock had surged nearly 14% on Friday after its subsidiary, JBM Ecolife Mobility, secured a $100 million investment from the International Finance Corporation (IFC), part of the World Bank […]
NBCC, HFCL, among 6 F&O stocks saw a high increase in futures open interest – Futures Surge
There was a notable surge in futures open interest for six stocks in the NSE F&O pack, contributing to a total increase in open interest of over 5.5% as of September 12, as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired […]
Bajaj Finance, GMDC among 5 stocks witness 5-year swing high breakout – Bullish Signal
In the NSE list of stocks with a market cap over Rs 1,000 crore, five stocks witnessed a 5-year swing high at the close on September 12, suggesting bullishness in counters, according to stockedge.com’s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level […]