TECHNOLOGY STOCKS
![Wall Street ends down; investors brace for Nvidia report](https://img.etimg.com/thumb/msid-112880993,width-100,height-75,resizemode-4/markets/stocks/news/wall-street-ends-down-investors-brace-for-nvidia-report.jpg)
Wall Street ends down; investors brace for Nvidia report
U.S. stocks fell on Wednesday as investors awaited Nvidia's quarterly report, seen as a key event given the company's significant gains from the AI boom. Nvidia shares dipped, influencing other tech giants. Anticipation also surrounded the U.S. Federal Reserve's possible interest rate cut at its September meeting.
![Orient Technologies shares hit 5% upper circuit after strong listing](https://img.etimg.com/thumb/msid-112857121,width-100,height-75,resizemode-4/markets/stocks/news/orient-technologies-shares-hit-5-upper-circuit-after-strong-listing.jpg)
Orient Technologies shares hit 5% upper circuit after strong listing
Orient Technologies Share Price: Despite the listing being below grey market expectations, the IPO was oversubscribed 152 times, showing solid investor confidence.
![Paytm shares rise 3% as co completes transfer of events biz to Zomato](https://img.etimg.com/thumb/msid-112856343,width-100,height-75,resizemode-4/markets/stocks/news/paytm-shares-rise-3-as-co-completes-transfer-of-events-biz-to-zomato.jpg)
Paytm shares rise 3% as co completes transfer of events biz to Zomato
The transaction completion led to a boost in Paytm and Zomato's share prices. Payments will be completed after post-closing audit adjustments.
![Orient Technologies shares list at 41% premium over issue price](https://img.etimg.com/thumb/msid-112853923,width-100,height-75,resizemode-4/markets/stocks/news/orient-technologies-shares-list-at-41-premium-over-issue-price.jpg)
Orient Technologies shares list at 41% premium over issue price
Orient Technologies Share Price: Orient Technologies' shares debuted with a significant premium on BSE and NSE compared to its issue price. The IPO received strong investor interest, especially from non-institutional investors. The proceeds will fund capital expenditures and office acquisitions. The company, specializing in IT infrastructure, reported a notable revenue and profit increase in FY24.
![IG Petrochemicals among 8 stocks to trade ex-dividend on Thursday; last date to buy today](https://img.etimg.com/thumb/msid-112851947,width-100,height-75,resizemode-4/markets/stocks/news/ig-petrochemicals-among-8-stocks-to-trade-ex-dividend-on-thursday-last-date-to-buy-today.jpg)
IG Petrochemicals among 8 stocks to trade ex-dividend on Thursday; last date to buy today
IG Petrochemicals and several other companies have set August 29 as the record date to determine eligible shareholders for dividend payments. Today is the last day to buy shares to qualify for these dividends. Investors who purchase shares on the ex-date do not qualify. Key stocks trading ex-dividend from Thursday are listed.
![Stocks in news: Tata Technologies, SBI Card, Jio Financial, LTIMindtree, NBCC](https://img.etimg.com/thumb/msid-112851008,width-100,height-75,resizemode-4/markets/stocks/news/stocks-in-news-tata-technologies-sbi-card-jio-financial-ltimindtree-nbcc.jpg)
Stocks in news: Tata Technologies, SBI Card, Jio Financial, LTIMindtree, NBCC
Stocks in news: India's Sensex and Nifty ended a turbulent session flat amid profit-taking and rising geopolitical worries. Stocks like Tata Technologies, SBI Card, and Jio Financial drew attention due to various news developments, including Tata Technologies' 3% stake sale worth Rs 1,230 crore by TPG.
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TPG sells 3% stake worth Rs 1,230 crore in Tata Technologies via block deal
TPG sold a 3% stake in Tata Technologies on Tuesday for Rs 1,230 crore through Rise Climate Sf Pte Ltd. The shares, priced at Rs 1,014.16 each, were sold at a 3.2% discount to Monday’s closing price.
4 Tata Group stocks correct up to 37% after logging multibaggers returns. Should you buy?
Tata Group stocks corrected up to 37% from their 52-week highs after strong rallies last year. Tata Investment Corporation led the decline, followed by Automotive Stampings, Tata Technologies, and Trent Limited. Experts noted these stocks could regain previous highs due to solid fundamentals and market stabilization.
Japan's Nikkei falls as Wall Street tech losses weigh
In early trading on Tuesday, Japan's Nikkei share average fell 0.5% to 37,936.68 following declines on Wall Street. Technology stocks led the drop, with companies like Tokyo Electron and Advantest pulling the index down. Broader Topix also dipped 0.2%. The yen's recent strength against the dollar further dampened market mood.
Dixon Tech, Amber Enterprises in EMS sector could give 13-19% return. Here’s why
India's electronic manufacturing sector had experienced substantial growth due to government measures like the PLI schemes. Companies such as Dixon Technologies and Amber Enterprises benefited from these initiatives, positioning themselves as key players. Further efforts were required to enhance component manufacturing and self-sufficiency.
Is technology revolutionizing your investment strategy or fueling your FOMO?
Investors must tread carefully, ensuring that they strike the right balance between the tactical applications of AI and a thorough understanding of its wider business implications
Tata Tech sees block deal worth Rs 1,200 crore, stock up 4%
Tata Technologies shares surged 4.5% to Rs 1,054 on BSE after a block deal worth Rs 1,218 crore, representing 2.9% of equity took place. About 1.2 crore shares were traded at Rs 1,019.8 each, according to reports.
Stocks in news: Zomato, Paytm, Zen Technologies, Coal India, IREDA, Alkem Labs
Markets increased on Wednesday. Zomato approved a deal with Paytm. Coal India pursued lithium acquisitions. Zen Technologies launched a QIP. BEML signed an MoU with the Indian Navy. IREDA considered raising funds. Welspun Enterprises, Alkem Laboratories, India Grid Trust, and Cyient also saw notable activities.
Stock Radar: This Sensex IT stock with Rs 4.5 lakh crore m-cap is poised for new highs: time to buy?
HCL Technologies Ltd neared a breakout from its February 2024 highs, creating prospects for reaching 1,900 levels. Despite initially losing momentum and revisiting its 50-week moving average, the IT stock found support above 1,200 in June and has since recovered significantly. Currently trading above key short- and long-term moving averages, it is nearing a breakout from its February 2024 highs, closing at Rs 1,678 on August 19, 2024.
Planning to gift stocks to your sister this Raksha Bandhan? L&T, TCS among 7 stock ideas by experts
Financial experts suggested gifting stocks this Raksha Bandhan for a more secure future. Stocks like Tata Consumer, ABB India, Reliance Industries, TCS, Larsen & Toubro, HCL Technologies, and Tata Motors are recommended for potential returns. The stocks were chosen based on their growth potential and solid performance history.
Inclusion of 7 stocks in MSCI indices could draw $3 billion
India saw an influx of up to $3 billion in August due to MSCI's adjustments to its indices. HDFC Bank's weight was increased, and restrictions on Adani Group stocks were lifted. Seven cos joined the global standard index, boosting India's weight in the emerging markets index to 20%.
5 lessons from Rakesh Jhunjhunwala's investment philosophy on his 2nd death anniversary
Rakesh Jhunjhunwala's Death Anniversary: Rakesh Jhunjhunwala, also known as the Warren Buffett of India, passed away two years ago. Renowned for his long-term investment strategy and faith in competent management, Jhunjhunwala managed Rare Enterprises. His legacy emphasizes patience, pragmatism, and learning from mistakes, guiding modern investors today.
Deal flow, project ramp ups to determine future performance of IT stocks
The initial euphoria in stocks of top IT companies after their June quarter financial performance seems to have waned. The stocks of Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro, Tech Mahindra, and LTIMindtree have lost between 3% and 6% in August so far driven by market volatility and mounting uncertainty over the demand form the US, a major market for Indian IT sector.
Defence sector may be back in action, ICICI Securities shares 5 stock picks
The Union Budget FY25 prioritized defence improvements and listed 346 items for indigenisation. ICICI Securities recommended investing in Solar Industries, Azad Engineering, Zen Technologies, Astra Microwave, and Dynamatic Technologies. The budget saw substantial increases in aircraft and aero engine allocations while maintaining stable funding for other defence areas.
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