Page 121 - Latest Updates on Stock Market
Sheela Foam jumps 8% on report it may buy Kurlon Enterprise for Rs 3,250 cr
Buying out Kurlon Enterprise, which makes the Kurl-on brand of mattresses, will help Sheela Foam nearly double its market share, the report by Moneycontrol said
 "Sheela Foam jumps 8% on report it may buy Kurlon Enterprise for Rs 3,250 cr")
Adani Enterprises rallies 6% on report promoters sell stake via block deal
Till 10:49 am; around 23 million shares of Adani Enterprises had changed hands, as compared to an average sub 7 million shares traded over last 10 days on the NSE
 "Adani Enterprises rallies 6% on report promoters sell stake via block deal")
Stocks to Watch: SBI, HDFC twins, JSW Steel, Vedanta, TCNS, ITC, ABFRL
Stocks to watch on June 28, 2023: HDFC said the announced dates for its merger into HDFC Bank are tentative and subject to completion of certain formalities; JSW Steel could replace HDFC in Sensex
 "Stocks to Watch: SBI, HDFC twins, JSW Steel, Vedanta, TCNS, ITC, ABFRL")
WWD Ruby exits Sapphire Foods, pares 4.77% stake for over Rs 417 cr
The shares were divested at an average price of Rs 1,377.1 apiece, translating into a transaction size of Rs 417.3 crore, the data showed
 "WWD Ruby exits Sapphire Foods, pares 4.77% stake for over Rs 417 cr")
HDFC merger boost lifts Sensex 446 pts; Nifty ends atop 18,800; VIX down 6%
CLOSING BELL ON JUNE 27, 2023: HDFC-HDFC Bank set July 01 as the merger date; stocks end with gains of around 1.5 per cent each. Cyient DLM IPO sails through on Day 1, subscribed 1.9x as of 3:50 PM.
 "HDFC merger boost lifts Sensex 446 pts; Nifty ends atop 18,800; VIX down 6%")
Stock market holiday on Bakri Id rescheduled to June 29 from June 28
This comes after the Maharashtra government postponed the Bakri Id holiday in the state to June 29 from June 28
 "Stock market holiday on Bakri Id rescheduled to June 29 from June 28")
Markets have been over-optimistic in foreseeing rate cuts: Rahul Bhuskute
The biggest possible risk for Indian equities and for all asset classes globally is the possibility of delayed interest rate cuts by central banks globally, says Rahul Bhuskute, CIO, Bharti AXA Life
 "Markets have been over-optimistic in foreseeing rate cuts: Rahul Bhuskute")
Investor Service Centres to provide certain basic facilities: Sebi
The new directive would come into force from the 90th day from this Monday, while those related to knowledge upgradation will be compiled in a phased manner
 "Investor Service Centres to provide certain basic facilities: Sebi")
Auto, Pharma stocks shine in lacklustre trade; IdeaForge IPO subscribed 3x
CLOSING BELL ON JUNE 26, 2023: The Sensex ended on a flat note, down 9 points, while the NSE Nifty 50 gained 26 points in trade on Monday.
 "Auto, Pharma stocks shine in lacklustre trade; IdeaForge IPO subscribed 3x")
Stocks to Watch: IndusInd Bank, Ipca Lab, Infosys, ICICI Securities, RVNL
Stocks to Watch on June 26, 2023: The Hinduja Group is in talks to invest Rs 10,000 crore to hike its stake in IndusInd Bank, as per media reports
 "Stocks to Watch: IndusInd Bank, Ipca Lab, Infosys, ICICI Securities, RVNL")
Indian market has breadth and depth of firms to invest in: Sukumar Rajah
Our biggest overweight by sector is financial, where our top holdings include ICICI Bank and HDFC Bank. This reflects our optimism about the outlook for investment and consumption in the economy
 "Indian market has breadth and depth of firms to invest in: Sukumar Rajah")
Accenture's lowered guidance spells more trouble for IT sector: Analysts
Brokerages have maintained a cautious to negative stance on the Indian IT sector given Accenture's muted deal bookings, lagging demand in key verticals, and emerging pricing pressure
 "Accenture's lowered guidance spells more trouble for IT sector: Analysts")
Sensex tumbles 284 pts, Nifty below 18,800; Bajaj Fin, TaMo fall 2%, RIL 1%
Closing Bell on June 22, 2023: The S&P BSE Sensex hit a fresh record high of 63,602 in intra-day trades on Thursday
 "Sensex tumbles 284 pts, Nifty below 18,800; Bajaj Fin, TaMo fall 2%, RIL 1%")
Motorcycle to commercial vehicles: Eicher Motors stock cruising smoothly
Business prospects appear good, but the expected launch of Bajaj Auto's line of Triumph bikes could challenge Royal Enfield's dominance
 "Motorcycle to commercial vehicles: Eicher Motors stock cruising smoothly")
Arvind rallies 5%, hits 52-week high in subdued market on improved outlook
Arvind expects garment volumes to start improving in the second half of the year despite the soft economic outlook globally as customers become comfortable with the economic outlook and resume buying
 "Arvind rallies 5%, hits 52-week high in subdued market on improved outlook")
Sensex at record high: Time to rebalance your portfolios, book profits?
Equity Mutual Fund investing is strictly meant for your long-term goals, so it makes little sense to try and time your exits and entries or to repeatedly "book profits" and sit on the sidelines.
 "Sensex at record high: Time to rebalance your portfolios, book profits?")
Sebi bars entities from securities market over stock manipulation
Sebi levied a penalty of about 1.26 billion rupees towards wrongful gains made from alleged market manipulation of small-cap companies through bulk messages
 "Sebi bars entities from securities market over stock manipulation")
Sensex ends off record high, rises 195 pts; HDFC twins gain 2%, ITC dips
Closing Bell on June 21, 2023: The benchmark S&P BSE Sensex scaled a fresh all-time high of 63,588 on the BSE in the intra-day trade on Wednesday
 "Sensex ends off record high, rises 195 pts; HDFC twins gain 2%, ITC dips")
Lupin hits 52-wk high; rallies 7% on US FDA nod for key respiratory drug
Lupin has received US FDA nod for Tiotropium Bromide Inhalation Powder in the strength of 18 mcg per capsule. The drug is a generic equivalent of Spiriva HandiHaler, used for pulmonary patients
 "Lupin hits 52-wk high; rallies 7% on US FDA nod for key respiratory drug")
Tega Ind at record high after 4% stake sale by promoters; up 53% since May
On June 19, Tega's promoters sold over 2.7 million equity shares, amounting to 4.1 per cent of the total equity share capital, to meet the minimum public shareholding norms
 "Tega Ind at record high after 4% stake sale by promoters; up 53% since May")