HDFC Bank shares dip 2% after 1.56 million shares change hands in block deal after bonus adjustment
A large block deal of 1.56 million HDFC bank shares was executed just a day after the bank’s stock price adjusted for its recent 1:1 bonus issue, which took effect on Tuesday. Block deals are bulk trades between big investors, executed via a separate window to avoid adding volatility to regular market trading.
ETMarkets Smart Talk| Smallcaps in oversold zone; likely to outperform in next 12 months: Naveen Kulkarni
Indian markets are showing positive economic signs. Inflation is easing and rate cuts are expected. Naveen Kulkarni of Axis Securities PMS suggests smallcaps are undervalued. GST reforms could boost consumption. Sectors like autos, hospitality, and BFSI are in focus. Growth stocks may outperform value stocks. Investors are eyeing opportunities beyond largecaps for better returns in […]
IT sector slowly showing signs of bottoming out: Capitalmind’s Sidhanth Paul
The Indian IT sector is showing signs of recovery. Valuations reflect existing pessimism. Mid-tier companies are focusing on AI and automation. Revenue growth in these areas could lead to a sector rerating. Power, manufacturing, and consumption sectors are expected to drive market growth. Investors should watch for earnings delivery to justify valuations.
AI giant Nvidia beats earnings expectations but shares fall
AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company’s stalled business in China. – Fortune in play – The earnings report comes amid market worries about an AI spending bubble that could burst and hurt the chip giant’s fortunes.
Last day to buy the shares of smallcap stock to qualify for 4:1 bonus issue as record date approaches
The ex-date is crucial for investors since only those holding shares before the ex-date are eligible for the bonus allotment. Transactions made today, August 28, will reflect in the shareholders’ demat accounts before the ex-date, thus qualifying them for the entitlement.
Oil slips as market weighs end of US summer driving and India supply dilemma
Oil prices declined as investors considered U.S. fuel demand near the end of summer and potential crude supply shifts due to U.S. tariffs on Indian imports of Russian oil. Despite a drop in U.S. crude inventories, concerns about lower seasonal demand and technical resistance levels weighed on prices.
TikTok may get $330-billion valuation in new share buyback
ByteDance, the parent company of TikTok, is planning a new employee share buyback, valuing the company at over $330 billion. This decision follows a 25% year-on-year surge in second-quarter sales, reaching approximately $48 billion, primarily driven by its China business. The buyback offers employees liquidity without an IPO, highlighting ByteDance’s financial strength.
China chipmakers push to triple AI chip capacity, eyes Nvidia alternative
China’s chipmakers are aggressively pursuing a plan to triple their AI chip production by 2026, aiming to lessen reliance on Nvidia. Huawei intends to initiate AI chip production by the end of the year and establish two more facilities by 2026. SMIC also plans to double its 7-nanometer chip manufacturing capacity next year, with Huawei […]
Motilal Oswal Securities bullish on India’s consumer sector; HUL, Marico among top picks
Motilal Oswal Securities remains positive on India’s consumer sector after a stable first quarter. The brokerage favors Hindustan Unilever, Godrej Consumer, and Marico. It anticipates a widespread recovery in fiscal year 2026. This recovery will be due to lower inflation and possible rate reductions. Tax advantages and robust festive season demand will also help.
Ferrous metals post strong gains in Q1, non-ferrous players struggle
Metal companies’ performance in June 2025 quarter was influenced by raw material and product prices. Ferrous producers saw profit growth due to higher domestic prices and lower coking coal costs. Non-ferrous firms had muted results from weaker aluminium and zinc prices. Steelmakers benefited from falling coking coal costs and government safeguard duties.