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Chartist Talks: FII long-short ratio hints at Nifty 50 consolidation in coming few sessions despite strong underlying trend, says SBI Securities' Sudeep Shah

Money ControlMoney Control · 1y ago
Chartist Talks: FII long-short ratio hints at Nifty 50 consolidation in coming few sessions despite strong underlying trend, says SBI Securities' Sudeep Shah
Medial

According to Sudeep Shah of SBI Securities, the Nifty 50 is likely to consolidate in the coming sessions before continuing its upward journey and testing 26,500 and 26,750 in the short term. Shah also suggests that Balrampur Chini, BPCL, Exide Industries, Polycab India, Hindustan Petroleum Corporation, Colgate Palmolive, Cipla, and Divi's Laboratories are good picks based on roll-over data. The FII long-short ratio indicates a strong bullish bias, but a slight cool-off may occur. The Nifty Auto index is expected to continue its positive momentum, with Polycab India likely to test Rs 7,400 and Rs 7,600 levels. Selective PSU stocks such as Gail, HPCL, and BPCL have also shown strong moves and are expected to continue their upward journey.

Sensex, Nifty close 2% lower as geopolitical tensions, regulatory changes weigh on markets

Money ControlMoney Control · 1y ago
Sensex, Nifty close 2% lower as geopolitical tensions, regulatory changes weigh on markets
Medial

- Indian equity benchmarks, Sensex and Nifty, closed over 2 percent lower on October 3 due to escalating Middle East tensions, tightening SEBI regulations on F&O trading, and a surge in the Chinese market. - All 13 sectoral indices sank into the red, with Nifty Bank, Energy, and Auto leading the plunge. - Broader markets also declined, with the BSE Midcap and Smallcap indices shedding 2.3 percent and 1.8 percent, respectively. - The Middle East conflict escalated after Iran launched ballistic missiles at Israel, raising concerns of potential retaliation and disruption of oil supplies. Crude-sensitive stocks took a hit as oil prices approached $75 per barrel. - New rules introduced by SEBI for the F&O segment have raised concerns about lower trading volumes and reduced retail participation, affecting overall market liquidity. Foreign investors have redirected funds to the Chinese market, adding further pressure on Indian stocks.

Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday

Money ControlMoney Control · 1y ago
Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday
Medial

Here's a summary of the stocks in focus for Monday's trade: 1. Quarterly earnings announcements: Shalby, Khoobsurat, Oceanic Foods, Secure Credentials, and GD Trading & Agencies will report their earnings. 2. Companies' provisional numbers: FSN E-Commerce Ventures (Nykaa), Signature Global India, Union Bank of India, Adani Wilmar, Dabur India, Titan Company, Induslnd Bank, Marico, Bank of Baroda, and more will share their quarterly numbers. 3. Stocks to watch: Bank of Baroda, Tata Motors, NLC India, JM Financial, Infosys, Multi Commodity Exchange of India, Bandhan Bank, Equinox India Developments, Garware Hi-Tech Films, Aditya Birla Capital, Power Grid Corporation of India, Federal Bank, Gillette India, Coforge, PC Jeweller. 4. Bulk Deals: HEG and Inox Green Energy Services witnessed bulk selling. 5. Ex-Dividend and Ex-Bonus: Computer Age Management Services trades ex-dividend, while Clara Industries trades ex-bonus. 6. F&O Ban: GNFC, Aditya Birla Fashion & Retail, Bandhan Bank, Hindustan Copper, India Cements, Piramal Enterprises are under the F&O ban.

CRED raises $72 Mn from Lathe, Kunal Shah’s QED and others

EntrackrEntrackr · 9m ago
CRED raises $72 Mn from Lathe, Kunal Shah’s QED and others
Medial

CRED raises $72 Mn from Lathe, Kunal Shah’s QED and others As per Entrackr’s estimates, CRED will be valued at $3.64 billion post money, a nearly 43% haircut from its $6.4 billion valuation in the Series F round, where it raised $140 million in June 2022. Fintech unicorn CRED has received Rs 617 crore ($72 million) from multiple investors, including Lathe Investment, RTP Global, Sofina Ventures, and QED Innovation Labs, the family office of founder Kunal Shah. According to regulatory filings with the Registrar of Companies (RoC), GIC’s Lathe Investment pumped in Rs 354.4 crore ($41 million) while RTP Global and Sofina have invested Rs 74.87 crore ($8.75 million) and Rs 25.8 crore ($3 million), respectively. Kunal Shah’s family office QED Innovation Labs has infused Rs 162 crore ($19 million). As per sources, CRED will raise a total of $75 million in this round. Following the allotment of this round, GIC through Lathe Investment will hold a 5.95% stake in the firm while RTP Capital and Sofina Ventures will command 1.14% and 1.97% stakes respectively. CRED offers a range of services, including credit card management, credit score tracking, hidden charge detection, bill payment reminders, and cashback. It also provides access to shopping, travel packages, and tools for managing vehicle insurance, FASTag, and related features. While CRED is targeting full-year profitability in FY26, it reported a 22% increase in its net loss to Rs 1,644 crore in FY24. This figure includes expenses related to the employee stock ownership plan (ESOP) and taxes. During the same period, the company’s revenue surged 66% year-on-year to Rs 2,473 crore. It has yet to file its FY25 annual report.

Stock Radar: Titan, Jio Financial, Bandhan Bank, Lupin, CG Power, Diffusion Engineers, GAIL in focus on Monday

Money ControlMoney Control · 1y ago
Stock Radar: Titan, Jio Financial, Bandhan Bank, Lupin, CG Power, Diffusion Engineers, GAIL in focus on Monday
Medial

- Quarterly earnings (YoY) of companies such as Titan Company, Induslnd Bank, Bandhan Bank, Poonawalla Fincorp, Jammu & Kashmir Bank, AU Small Finance Bank, IDBI Bank, RBL Bank, Godrej Properties, L&T Finance, Macrotech Developers, Federal Bank, Metropolis Healthcare, Indian Bank, Union Bank of India, Utkarsh Small Finance Bank, Equitas Small Finance Bank, Dhanlaxmi Bank, Ujjivan Small Finance Bank, Adani Wilmar expected to be released. - SEBI grants in-principle approval for Jio Financial Services and BlackRock Financial Management Inc to set up a proposed mutual fund. - GAIL (India) signs MoU with AM Green to jointly develop renewable energy and green chemical projects. - Lupin receives five observations from the US FDA for its biotech facility in Pune. - Antony Waste Handling Cell's subsidiary wins a contract worth Rs 908 crore from Navi Mumbai Municipal Corporation for waste collection and transportation. - CFO resignations at Univa Foods (Sandhya Rani Koochana) and Mahanagar Telephone Nigam (Vinay Srivastav). - BLS International Services completes the acquisition of Citizenship Invest for $31 million. - Paytm's Chief Technology Officer - Payments, Manmeet Singh Dhody, steps down and transitions to a new role as an AI Fellow, while Deependra Singh Rathore is appointed as the new CTO - Payments. - Gravita India plans to raise up to Rs 1,000 crore through the issuance of equity shares and makes management changes. - Akzo Nobel India's parent company, Akzo Nobel NV, conducts a strategic review of its portfolio, focusing on its decorative paints positions in South Asia. - Apollo Tyres' stake increases as LIC buys 3 lakh additional shares. - R Systems International witnesses a significant stake sale by Non-Resident Indian Bhavook Tripathi. - HDFC Bank witnesses a block deal as BNP Paribas Financial Markets sells equity shares to Morgan Stanley Asia (Singapore) Pte and Citigroup Global Markets Mauritius. - SME listings on October 7: HVAX Technologies, Saj Hotels. - Stocks will trade ex-dividend: Jupiter Wagons, KP Energy. - Rights offered by Geojit Financial Services trade ex-date. - F&O ban on GNFC, Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank. Note: This content is for informative purposes only and not a recommendation to invest or trade.

Groww showcases AI powered investing tools at Groww Next 2026

EntrackrEntrackr · 15d ago
Groww showcases AI powered investing tools at Groww Next 2026
Medial

Groww showcases AI powered investing tools at Groww Next 2026 Wealth tech startup Groww has concluded its inaugural product showcase event, Groww Next 2026, in Bengaluru, where it outlined the next phase of growth centred on building responsible intelligence for every kind of investor. The company showcased its AI powered investing architecture spanning trading, fixed income and digital wealth management. During the event, Groww unveiled its AI investing assistant GR 1, which works as a research analyst by reading markets, tracking news sentiment and offering personalised insights based on an investor’s actual portfolio. GR 1 is currently in beta and is available as an opt-in feature. The system has been built with multiple AI guardrails, including consent layers and execution controls, reinforcing the startup’s emphasis on responsible AI deployment. Groww also expanded Groww Prime, its specialised opt-in offering designed to help users manage their mutual fund investments more effectively. By opting for this service, users gain access to deeper portfolio insights, personalised guidance and dedicated support. Groww Prime remains optional, allowing investors to choose between a fully self directed experience or assisted intelligence. The service now includes advanced portfolio health checks, SIP monitoring tools and intelligent nudges aimed at improving long term investing behaviour. Bonds have traditionally been the preserve of banks and wealthy investors. Groww is aiming to change this by enabling retail investors to access the secondary bond market, allowing them to buy and sell bonds in a manner similar to equity trading. The platform will feature curated bond listings supported by internal risk evaluation frameworks to help users better assess suitability and risk exposure. Groww has also added tools such as a dedicated high frequency trading mode and a specialised physical keyboard designed for fast trading. The company highlighted ongoing investments in infrastructure optimisation and latency reduction to ensure platform stability and performance during periods of peak market volatility. Alongside performance upgrades, the startup introduced behavioural safeguards in its F and O segment, including risk alerts, exposure monitoring and optional trading locks aimed at preventing impulsive and loss making behaviour. These controls are part of its broader responsible trading philosophy, particularly in the high risk derivatives segment. Groww also launched a new feature that allows users to manage family wealth more easily. This initiative builds on the company’s broader efforts to digitise traditionally offline and paperwork heavy segments such as PMS and AIF investments. Financially, Groww reported a 16% increase in net profit to Rs 547 crore in Q3 FY26 from Rs 471 crore in Q2 FY26. The company made a strong debut on the Indian stock exchanges in November last year, listing at Rs 114 per share on the BSE, representing a 14% premium over its issue price despite a muted grey market premium of around 3%.

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