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Nifty gained 1.6% weakly, but saw notable block deals totaling Rs 43,068 crore across large, mid, and smallcap stocks. Significant transactions included HDFC Bank at Rs 19,131 crore, Interglobe Aviation at Rs 12,033 crore, and others between Rs 240 crore and Rs 121 crore.

Prabhudas Lilladher has revised its high-conviction stock picks, dropping HDFC Bank, ITC, Maruti Suzuki, Eris Lifesciences, and TCI Express due to recent rallies and slower growth.

Ircon International, Deepak Fertilisers, and Sapphire Foods are among the companies set to be in focus next week as they reach record dates for dividends, bonus issues, rights issues, and stock splits. Record dates determine eligible shareholders for these offers, ensuring shares are in demat accounts by the stipulated time.

Adani Green Energy, Adani Energy Solutions, and Adani Total Gas are eligible for entry into the derivatives segment. Nuvama estimates these stocks may enter the F&O market, with SEBI’s final decision pending.

The way broader market is participating in this up move, largecap space is also showing good strength and sectorial rotation is also happening in this up move. So, that clearly giving us confidence that possible rally can extend to 25,400 to 25,500 kind of zone in the continuation of this Continue Reading

Two out of three loans in this sector are financed by Bajaj Finance. So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit Continue Reading

India’s GDP growth in the first quarter of FY25 has slowed to 6.7%, still above the decade average of 6.4%. The report by SBI highlights weak performance in agriculture and services sectors as factors. Nominal GDP, however, grew by 9.7%. Annual growth projections may be revised downwards to 7.0%.

Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.

The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that Continue Reading

The personal consumption expenditures report came on Friday after Fed Chair Jerome Powell last week expressed support for an imminent policy adjustment. Economic data next week includes the Labor Department’s August jobs report, due on Friday.