Beyond Meat Jump Hurts short Sellers, Sets Up for a Squeeze
Beyond Meat Inc. jumped as much as 61% in intraday trading Wednesday — its best one-day move since 2019. The surge is setting traders who have bets against the stock up for a lot of pain. Key Points
mintTel Aviv bourse says no unusual trading ahead of Oct 7 Hamas attack
The Tel Aviv Stock Exchange said on Tuesday a report by U.S. researchers suggesting there were investors in Israel who may have profited from prior knowledge of Hamas' Oct. 7 attack was inaccurate and its publication irresponsible. Key Points
ReutersSome regulatory tightenings are indications of future potential: 6 NBFC stocks with upside potential of up
One change for making higher provision for unsecured loans and we see all the NBFC stocks tumbling. The short term reaction of the street is a mix of two things. First the technical position in the markets, whether the stock or sector has seen a recent runup or not and secondly emotional one without understanding the working of a sector or a company. Sometimes these short term reactions are opportunities as the macro picture of the sector is far better and stronger as compared to what is being perceived in the short term due to one action or the newsflow. Key Points
Economic TimesHedge funds short US financial stocks at near record levels -Goldman Sachs
Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs (GS.N) said on Friday, without citing the underlying reasons. Key Points
ReutersLearn With ETMarkets: Options Demystified 504 – Iron Fly and short Straddle
In high premium situations, you can use the concept of spreads and sell an out-of-the-money (OTM) option for both the call and put to offset some premium. However, this comes with a capped profit. For instance, in the previous scenario, you can sell a 19450 put for 24.5 and a 19850 call for 57.5, reducing your premium by 82 points. This is known as the Iron Fly strategy. The payoff graph for Iron Fly looks like this: Key Points
Economic Times
Nancy Thakkar: It’s important to dabble in different mediums
Actor Nancy Thakkar believes in exploring different mediums of acting and live performances to sustain herself in the industry. She has worked in feature films, short films, OTT series as well as theatre, and feels that it's important to continue improving her craft by trying different avenues simultaneously. Thakkar has also done over 100 ads and is currently shooting for a short film and a feature film. | Bollywood Key Points
Hindustan TimesOscars 2023: Indian film The Elephant Whisperers wins Academy Award for Best Documentary Short, Guneet Monga reacts
Oscars 2023: Kartiki Gonsalves-directed short The Elephant Whisperers has won the Academy Award for Best Documentary Short. The film was competing against Haulout, How Do You Measure a Year?, The Martha Mitchell Effect and Stranger At The Gate. Key Points
The Indian ExpressAre Meryl Streep and Martin short together? Here’s what we know about the romance rumors
Esteemed actors Meryl Streep and Martin Short, known for their collaborative ventures, found themselves at the center of dating rumors recently, igniting speculation about their relationship. The remarkable synergy between the dynamic duo has not only graced the screen but has also resulted in a genuine off-screen friendship. Key Points
Economic TimesSamarth Shandilya: Playing lead on TV gave me mass reach
Actor Samarth Shandilya believes that writing and directing early in his career helped him understand the filmmaking process better. He has played multiple roles on the sets of his short films, including that of a spot boy, and believes that actors should not be tied down to one platform. Shandilya was recently seen in the OTT series Rana Naidu and is eagerly waiting for his next production, a short film called Medic, to release. Key Points
Hindustan TimesMeryl Streep's chemistry with THIS star at Golden Globes sparks dating rumors. Know in detail
Meryl Streep was seen sitting and posing for a cozy photo with co-star Martin short at the Golden Globes ceremony on Sunday. They were both nominated for their roles in the Hulu shows third season, short for his role as Oliver Putnam, and Streep for her role as Loretta Durkin. Key Points
Economic Times
Hindenburg Research discloses short position in server maker Super Micro; shares fall 5%
Hindenburg Research announced a short position in Super Micro Computer, alleging accounting manipulation. The server maker's shares dropped approximately 5% in early trading. Closely linked with Nvidia, Super Micro has benefited from the AI boom. Hindenburg's report also claims other issues like undisclosed related party transactions and export control failures. Key Points
Economic TimesCorrections are short term, focus on fundamental tailwinds: Banking stocks that may deliver more than 20%
Why should the decision which traders take, should not be copied by investors? Simple, traders are looking to generate income from short term movement in stocks, whereas investors focus has to be generating wealth from long term trend in growth of business. But the fact is that short term narratives which are essentially governed by technical factors, tend to affect a lot of investors also and that is what leads to decisions which should have been avoided. In the last three weeks, not even one sector has been spared by bears, they were seen across the street. So, while traders should bother about the fact that what has happened to bank stocks in the short term, investors should focus on whether the health of the banks both in terms of NPA’s and credit growth has been better or not. If that answer is yes, which at this point of time it is then what is happening to bank nifty should not bother an investor. Key Points
Economic TimesTesla short sellers down $6.08 bln in stock's 11-session winning streak -S3 Partners
Traders who have sold Tesla Inc shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker's current winning streak, according to the latest data from S3 Partners. Key Points
ReutersTime to be contrarian? These 6 bank stocks can give over 18% returns
While the bank nifty might be facing pressure in today’s trading session, it is because of the three private banks with high weightage in the indices witnessing selling pressure.For contrarian and short term traders there might be an opportunity given the fact that it has been witnessed that such moves are followed by short covering sooner or later. But again this probably is trade for high risk traders or investors who have the ability to take a stand against market narrative. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. Key Points
Economic TimesSEBI allows short-selling by all investors; F&O stocks also eligible
Institutional investors will not be allowed to do day trading. This means all transactions would be grossed for institutional investors at the custodians level. The custodians, however, will continue to settle their deliveries on a net basis with the stock exchanges. Key Points
Economic Times
Evening brief: 23,000 civilians rescued in violence-hit Manipur, says Army
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesAI stocks tumble after short-seller attack on C3.ai
Artificial intelligence (AI) stocks fell on Wednesday after a short seller alleged accounting issues at retail darling C3.ai Inc , dampening investor interest in the group of small companies that have wildly outperformed the market this year. Key Points
ReutersCA Rudramurthy on why FII short covering will take market to new highs
“I feel the bottom has already been made. All the bad news is already in the price. Now we are getting global market support as well. Historically, 10 out of 11 times from November to the pre-election which is coming somewhere in May-June 2024, the six-month period has always given a rally of about 10% to 30%.” Key Points
Economic TimesITC demerger a sell-on-news in short term; more catalysts in future: Andrew Holland
Andrew Holland says that Kotak Mahindra Bank's cost of deposits creates concern regarding interest margins and the bank's future post-Uday Kotak. He suggests focus lies on auto component stocks rather than two-wheelers for the sector's future growth and explains he is unsure of which electric vehicle (EV) manufacturer will be the strongest in India's open playing field. Key Points
Economic TimesNifty F&O Strategy: Pullback towards 17,450 level a buying opportunity
- Broader markets recovered swiftly in the last session, and the Nifty closed the week tad below 17600 levels gaining almost 300 points in a single session. BFSI was the major driver of the move while the pharma and technology space remained laggard. At the same time, broader markets have outperformed Key Points
Economic Times
Picks of the day: Buy L&T, short UPL, says Rahul Sharma
Rahul Sharma's market insights cover Larsen & Toubro's potential breakout, market choppiness, smallcap and midcap index analysis, positive metal sector outlook, and Muthoot Finance's expected up-move amid cautious FMCG sector sentiment. In metals, Sharma's top picks on the long side are Steel Authority of India or SAIL as well as Hindalco. Key Points
Economic TimesSebi has only taken baby steps towards full-fledged short selling
The regulator’s recent circular gave institutions permission to short stocks and proposed a borrowing & lending scheme to facilitate this. But requiring institutions to disclose their short trades upfront will leave them vulnerable to short squeezes. Key Points
mintExplained: Why South Korea reimposed ban on short selling till June 2024
The South Korean Financial Services Commission recently announced the reinstatement of a short-selling ban. This ban applies to equities listed on the Kospi 200 Index and Kosdaq 150 Index and will be in effect until the conclusion of June 2024. Key Points
India TodayHindenburg shorts Jack Dorsey’s payments firm Block, shares plunge
Hindenburg Research on Thursday disclosed short positions in Block Inc and alleged that the Jack Dorsey-led payments firm overstated its user numbers and understated its customer acquisition costs. Shares of Block slid 20% to $57.85 in premarket Key Points
FinancialexpressFinal call for all summer flyers: Book tickets now
India's largest airline, IndiGo, has 74 aircraft grounded till December. While it is ramping up capacity by extending its lease on existing aircraft and leasing new planes for the short term, chief financial officer Gaurav Negi said he expects airline yields to stay strong for this quarter due to a capacity constraint, which will persist at least for the first six months of 2024. Key Points
Economic Times
Adani Green is in talks with banks for $1.8 billion loan
India Business News: Adani Green Energy is in talks with foreign lenders to borrow up to $1.8 billion to fund new solar and wind projects. The banks involved in the discus Key Points
Times Of IndiaYou can bottom fish in IT, but unlikely to make much money: Andrew Holland
Despite global tensions and high oil prices, the market is holding up well. Positive results cab ve expected from companies like HUL, Nestle, and ITC. However, one must be cautious with the metals sector due to slowing global demand. However, there are question marks over IT sector's recovery and one should explore better growth opportunities. Key Points
Economic TimesHow to inflation-proof your portfolio. Here are 5 things you can do
Consequently, some caution might lurk around in markets in the immediate short term, and multiples may see some softening. However, in the longer term, India is relatively isolated from these events. Indian banking systems rules are pretty robust. Key Points
Economic TimesShould investors be concerned about fresh allegations on Adani Group? Deven Choksey answers
So, it is a little unfortunate that this particular subject is being played on a proxy basis. If at all the genuine short selling has taken place and if at all they have genuine information to share, my understanding is that it is better to contact to Indian regulators and talk to them and put your case to them. Key Points
Economic TimesHindenburg faces Sebi scrutiny, Kotak Bank dragged in Adani saga
Adani-Hindenburg Case: Hindenburg Research's disclosure of suspected violations by Sebi regarding Adani Group's short bet led to minimal gains, highlighting challenges foreign investors face under Indian securities rules. The short seller also stated that Kotak Mahindra Bank created and oversaw an offshore fund structure used by its investor partner to bet against the conglomerate, providing new details of trades that puzzled investors. Key Points
Economic Times
LTIM shares tumble over 13% after Q3 results. Should you buy, hold or sell?
The steep fall comes after the IT company released its Q3FY24 results, where it fell short of profit estimates. Find out how brokerages have rated the company's Q3 performance. Key Points
India TodaySGX Nifty down 120 points; here's what changed for market while you were sleeping
The short term trend of Nifty continues to be positive. Having placed at the crucial overhead resistance of 17800 levels, there is a possibility of further consolidation or minor downward correction in the short term, before showing further up move. Immediate support is placed at 17600 levels. Key Points
Economic TimesKajol asks Rani Mukerji about her Koi Mil Gaya outfit: 'It kept getting shorter'
Kajol asked Rani Mukerji how she danced in such a short dress for their Kuch Kuch Hota Hai song Koi Mil Gaya. Rani said the mini dress was initially a gown. | Bollywood Key Points
Hindustan TimesHindenburg claims 'Kotak created offshore fund to help investor profit from Adani shares'
Says it has received show cause notice from SEBI over alleged violations in placing bets on conglomerate stocks. Billionaire banker Uday Kotak founded bank as... Key Points
The Tribune IndiaChina tightens trading restrictions for domestic and offshore investors
In a statement Monday, the China Securities Regulatory Commission said it recently discovered multiple cases of stock market manipulation and “malicious short selling.” The regulator vowed to act quickly to stop illegal behavior that hinders stable stock market operations and hurts investors. Key Points
Economic Times
50th Student Academy Awards Announced: Celebrating Exceptional Student Filmmakers
A stage is set for student filmmakers from different backgrounds to showcase their skills at the 50th Student Academy Awards. Here, students are awarded Gold, Silver and Bronze medals in categories like Alternative/Experimental, Animation, Documentary and Narrative. Key Points
Economic TimesCharting the global economy: Fed, ECB policies may diverge
The Fed chief said there was strong support for raising rates by 25 basis points. But he suggested officials may pause their tightening campaign in June to assess how the economy is responding to tighter credit conditions. Key Points
Economic TimesAdnan Khan: Eid is exceptionally special for me this year
Actor Adnan Khan finds fasting during Ramadan the best way to connect with the Almighty, and feels rejuvenated and at peace within. He plans to celebrate Eid with a break from work and dining out with his mother. He has been busy with his TV daily Katha Ankahee, and has also written scripts for films and produced a short film. Key Points
Hindustan TimesAnupam Kher's short film 'Retake' to have its premiere at the New York Indian Film Festival on May 13-Entertainment News , Firstpost
Directed by Shweta Basu Prasad, the film also stars Zarina Wahab, Danish Husain. The 'Special 26' actor took to his Twitter account to share the news with fans. Key Points
Firstpost'Not sorry for miscommunication': Ram Gopal Varma denies political entry
Filmmaker Ram Gopal Varma has clarified he was not contesting from Pithapuram and was not entering politics. He said his post was about participating in a short film contest. Key Points
India Today