Page 115 - Latest Updates on Stock Market
Inflation, FII data to drive Market in holiday-shortened week: Analysts
On the macroeconomic front, wholesale and retail inflation numbers for July would be announced on Monday
 "Inflation, FII data to drive Market in holiday-shortened week: Analysts")
Mcap of 7 of top 10 firms falls by Rs 74,603 cr, HDFC Bank biggest laggard
ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of India added to their market valuation
 "Mcap of 7 of top 10 firms falls by Rs 74,603 cr, HDFC Bank biggest laggard")
Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall
CLOSING BELL ON AUGUST 11, 2023: 14 out of the Sensex 30 stocks declined over a per cent each, while HCL Tech gained 3 per cent on Friday.
 "Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall")
Helios Capital gets Sebi's approval to launch mutual fund business
Helios Capital Management PTE Ltd, which is the business of portfolio management services, applied for a mutual fund licence with the Securities and Exchange Board of India (Sebi) in February 2021
 "Helios Capital gets Sebi's approval to launch mutual fund business")
Alkem Labs sinks 9% in 2 days; FY24 India sales to miss double-digit growth
Alkem Labs reduced its India business revenue growth forecast to "high single-digit" from low double digits for FY24; BofA sees a downside of 15% to Rs 3,500 for the stock
 "Alkem Labs sinks 9% in 2 days; FY24 India sales to miss double-digit growth")
PSU Bank index up 2% in weak market; IOB, UCO, Central Bank rally upto 15%
The Nifty PSU Bank index hit an intra-day high of 4,516.75, trading close to its record high level of 4,647.95 touched on July 27
 "PSU Bank index up 2% in weak market; IOB, UCO, Central Bank rally upto 15%")
Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%
CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.
 "Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%")
Disa India zooms 20%, hits new high as profit more than doubles in Q1FY24
The company's revenue from operations grew 41 per cent to Rs 90.69 crore from Rs 64.19 crore in the corresponding quarter of previous year. EBITDA margin improved to 20.4 per cent from 14.0 per cent
 "Disa India zooms 20%, hits new high as profit more than doubles in Q1FY24")
MFSL up 12%; hits 52-wk high on Axis Bank buying balance stake in Max Life
Axis Bank said in a filing on Wednesday that it will raise its 9.99 per cent stake in Max Life to 16.22 per cent by infusing Rs 1,612 crores in the entity
 "MFSL up 12%; hits 52-wk high on Axis Bank buying balance stake in Max Life")
 "Growth vs Value Investing - By Sidhavelayutham, Founder & CEO, Alice Blue")
Sensex ends 149 pts up on late buying, Nifty atop 19,600; Steel stocks soar
CLOSING BELL ON AUGUST 09, 2023: The BSE benchmark gained over 600 points from the day's low ; BSE Metal index surged 2.5 per cent; Energy and Consumer Durables indices were up over a per cent each.
 "Sensex ends 149 pts up on late buying, Nifty atop 19,600; Steel stocks soar")
Adani Wilmar slips 5% on report Adani Enterprises looking to exit company
Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, Bloomberg reported
 "Adani Wilmar slips 5% on report Adani Enterprises looking to exit company")
Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens
Stocks to watch on August 09, 2023: Shares of Adani Enterprises and Adani Wilmar are likely to be in focus on Wednesday amid reports of stake sale in the latter company.
 "Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens")
Sebi categorises dues worth Rs 73,287 crore as 'difficult to recover'
DTR dues are those that could not be recovered even after exhausting all modes of recovery
 "Sebi categorises dues worth Rs 73,287 crore as 'difficult to recover'")
Sensex ends 107 pts down post choppy day; PSBs shine, M&M, JSW Steel dip
CLOSING BELL ON AUGUST 08, 2023: The NSE Nifty 50 ended 26 points lower at 19,571. Tech Mahindra, Wipro and Bajaj twins bucked the trend and finished with notable gains on Tuesday.
 "Sensex ends 107 pts down post choppy day; PSBs shine, M&M, JSW Steel dip")
Indian Bank soars 10% on heavy volumes; hits 5-year high in subdued market
The stock hit a 5-year high of Rs 381.40 and has zoomed 35% in two months and is inching towards its record high level of Rs 428 touched in November 2017
 "Indian Bank soars 10% on heavy volumes; hits 5-year high in subdued market")
Stocks to Watch today, Aug 08: Airtel, Max Health, GIC Housing, Sobha, BEML
Stocks to watch on August 08, 2023: Adani Ports, Coal India, Hindalco, Jet Airways, Oil India and Utkarsh SFB are few of the notable companies to announce June quarter earnings on Tuesday.
 "Stocks to Watch today, Aug 08: Airtel, Max Health, GIC Housing, Sobha, BEML")
Equity markets settle higher for 2nd day, unfazed by global trends
The 30-share BSE Sensex climbed 232.23 points or 0.35 per cent to settle at 65,953.48. During the day, it jumped 346.65 points or 0.52 per cent to 66,067.90
 "Equity markets settle higher for 2nd day, unfazed by global trends")
Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2
Concord had allotted shares worth Rs 465 crore to anchor investors at Rs 741 per share, the top-end of the price band
 "Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2")
Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat
Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent
 "Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat")