Traders should closely monitor this level, as any breach could lead to further downside, and the market might see a sell-off in auto stocks.

Tech majors had a combined market cap of Rs 15.9 trillion on Friday, up from Rs 14.9 trillion at the beginning of January this year

IT sector, work from home

We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.

Media Majors, stock market, share market, stock trading

Stocks To Watch: Tata Steel has secured a £500 million grant from the UK government for the green steel project at its Port Talbot facility.

Bull, Stock market

Inflows into flexicap funds surged to Rs 3,513 crore in August, the highest since the category was introduced in December 2020

Mutual fund offerings that are believed to be safer investment options have witnessed a marked surge in inflows, reflecting a shift in investor sentiment amid concerns over a potential global slowdown and elevated valuations in the midcap and smallca

Amendment to SCRA to allow brokers venture into other businesses as long as client funds are protected

stock brokers, BSE, NSE, Sensex, Nifty

To promote ease of doing business, markets regulator Sebi on Wednesday allowed securities funded through cash collateral to be considered as maintenance margin for margin trading facility (MTF).
The move will also help alleviate the burden of additional collateral towards the maintenance margin for the margin trading facility.
The development took place after the Securities and Exchange Board of India (Sebi) received representations from market participants through the Industry Standards Forum (ISF) to relax the requirement pertaining to the margin trading facility.
In a circular, Sebi said stocks or units of equity exchange-traded fund (ETFs) deposited as collateral with the brokers and those purchased using margin trading must be kept separate. There should be no mixing of these two types for calculating the funding amount.
"In case the broker has collected cash collateral from the client in the form of margin for availing margin trading facility and the trading member has given

SEBI

The move will also help alleviate the burden of additional collateral towards the maintenance margin for the margin trading facility

Ace investor Ashish Kacholia held 2.90 million equity shares or 2.37 per cent stake in Zaggle at the end of the June 2024 quarter, shareholding pattern data shows

Zaggle Prepaid Ocean Services Limited

The total purchase consideration payable for the acquisition is $4.70 million

While upstream earnings are currently impacted, with the OPEC+ delaying its planned rise in production, analysts at Prabhudas Lilladher expect oil prices to rebound to $75-80 per barrel soon.

OIl India, NRL

Shares of domestic auto component suppliers took a beating on Wednesday after Germany-based automaker BMW cut its Ebit margin and RoCE guidance due to escalating recall costs and delivery stops

BMW, BMW Logo

The uptick in Premier Explosives share price came after the company announced that it has inked a memorandum of understanding (MoU) with Astra Microwave to develop and sell multiple products jointly.

market, stocks, stock market trading, stock market

Sri Adhikari Brothers Television Network stock was relisted in April 2024 post share capital reduction; the stock has since zoomed 1,539 per cent or 16.4-fold till date.

Market rally, bull, markets, stocks, economy, growth

Gensol Engineering share price gained up to 2.87 per cent at Rs 935 per share on the BSE in Wednesday's intraday deals

Gensol, Gensol engineering

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Mumbai.

Lemon Tree Hotels, the largest mid-priced hotel chain in India, plans to list its subsidiary Fleur Hotels to achieve its goal of becoming a debt-free company in six years.

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