Shares of IOL Chemicals and Pharmaceuticals surged over 5 percent on December 30 as investors lapped up the stock after the board greenlit the proposal for a five-for-one stock split. Shareholders will get five shares for each share they currently own.Following the announcement, investors hoarded shares of the company in hopes of getting rewarded with additional stocks following the split. A stock...

Private lender IndusInd Bank Ltd shares rose in early trade on December 27, after the bank decided to offload its non-performing microfinance loan pool of 10.6 lakh retail loan accounts amounting to Rs 1,573 crore as the MFI sector continues to see stress.The lender will auction the microfinance NPAs via a public bidding process and has invited bids on a 100 percent cash basis.IndusInd Bank has se...

The market remained directionless due to a lack of triggers since the start of the current week, closing flat on December 26. The market breadth favoured the bears, with 1,494 shares falling compared to 1,010 shares gaining on the NSE. The benchmark Nifty 50 needs to break the rangebound trade to establish a firm direction for the January series starting on December 27. Below are some trading idea...

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and fund raising, here’s a quick look at which stocks will be in focus in today's trade:Stocks To WatchIndus TowersVodafone Group Plc has announced its plan to sell the remaining 3 percent stake in Indus Towers, or 7.92 crore shares, and use the funds for the repayment of $101 millio...

The benchmark indices sharply nosedived on November 4, with the Nifty 50 declining by 1.3 percent. The market breadth favored bears, with 2,006 shares declining against 581 advancing shares on the NSE. The bearish sentiment is expected to continue, as the market traded well below all key moving averages (10-20-50-100 EMAs). Below are some trading ideas for the near term:Pravesh Gour, Senior Techni...