Page 123 - Latest Updates on Stock Market
IT stocks shine in lacklustre trade; Sensex ends 99 pts higher
CLOSING BELL ON JUNE 12, 2023: The Nifty reclaimed the 17,600 level; In the broader market, BSE Midcap index advanced 0.5 per cent, and Smallcap added 0.7 per cent on Monday.
 "IT stocks shine in lacklustre trade; Sensex ends 99 pts higher")
Tata Motors DVR jumps nearly 3%; crosses Rs 300 mark after over 6 years
With debt on a substantial downward trajectory and consequently interest outgo, it outlined its intention to commensurately increase dividends, going forward positive for DVR shareholders
 "Tata Motors DVR jumps nearly 3%; crosses Rs 300 mark after over 6 years")
SRF hits over 2-month low; slips 10% in three days on heavy volumes
In FY24, SRF's primary focus will be on profitability enhancement and further rationalisation of operating cost and working capital in the packaging film biz, its FY23 annual report said
 "SRF hits over 2-month low; slips 10% in three days on heavy volumes")
Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor
Stocks to watch on June 12, 2023: Indiabulls Housing Finance, Indian Energy Exchange (IEX) and India Cements are the three stocks in F&O ban period on Monday.
 "Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor")
Stay put in investment-worthy stocks for at least a year: Kisan R Choksey
Making money fast is not possible in the stock market; one needs to hold the stock/shares for at least a year,
 "Stay put in investment-worthy stocks for at least a year: Kisan R Choksey")
Cracking the investment strategy: FPIs are bullish on finance, auto stocks
Financial services saw maximum buying at Rs 9,289 crore, followed by auto stocks at Rs 3,997 crore and consumer services at Rs 1,931 crore
 "Cracking the investment strategy: FPIs are bullish on finance, auto stocks")
Stellar show by banks, but will it continue?
There are challenges ahead. It won't be easy for the banking sector to put up a better performance every quarter
 "Stellar show by banks, but will it continue?")
Street signs: Mkts turn skittish near new highs, Index fund inflows & more
The benchmark indices registered declines in the previous two trading sessions, which could be a bearish sign, observe analysts
 "Street signs: Mkts turn skittish near new highs, Index fund inflows & more")
Sensex dips for 2nd day, falls 223pts; Nifty gives up 18,600; IEX tanks 10%
CLOSING BELL, JUNE 9, 2023: Tata Steel, HUL, State Bank of India (SBI), Infosys, HCL Tech, Asian Paints, ITC, TCS, and RIL were the top laggards
 "Sensex dips for 2nd day, falls 223pts; Nifty gives up 18,600; IEX tanks 10%")
Titagarh Wagons rallies 8%; board to meet Saturday to consider fund raising
A meeting of the board of directors of the company is scheduled on Saturday, June 10, 2023 to consider a proposal to raise funds
 "Titagarh Wagons rallies 8%; board to meet Saturday to consider fund raising")
Greenlam soars 15% as plywood facility begins operations in Tamil Nadu
The said facility has the potential to generate revenue of Rs 400 crore per annum on full capacity utilization. The total capex incurred for the project stands at Rs 130 crore
 "Greenlam soars 15% as plywood facility begins operations in Tamil Nadu")
HAL hits new high on stock split plan; zooms over 700% from March 2020 lows
The board of directors of state-owned defence company will meet on June 27 to consider a proposal of stock split of the equity shares of the company having a face value of Rs 10 each
 "HAL hits new high on stock split plan; zooms over 700% from March 2020 lows")
Nifty Pharma likely to weaken in near-term; adopt sell on rise approach
Nifty Pharma is weak on hourly charts. Traders should be cautious and sell on every rise, while Nifty Energy Index is in a range-bound phase, says Ravi Nathani
 "Nifty Pharma likely to weaken in near-term; adopt sell on rise approach")
Suggest Bear Spread strategy on Bank Nifty for June series: HDFC Securities
Short term trend of the Bank Nifty has turned weak as it has closed below its 5 and 11-day EMA, says Nandish Shah of HDFC Securities
 "Suggest Bear Spread strategy on Bank Nifty for June series: HDFC Securities")
Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600
CLOSING BELL, JUNE 8, 2023: Sun Pharma, Kotak Bank, Tech M, M&M, Axis Bank, HUL, Tata Motors, TCS, Nestle India, and Bajaj twins dropped between 1 per cent and 3 per cent
Apollo Pipes soars 6% to hit new high on healthy outlook; up 42% in 2023
CRISIL Ratings expects APL's revenue to grow by 11-12 per cent in the current fiscal 2024 supported by healthy demand, with Ebitda margin improving to 10-12 per cent
 "Apollo Pipes soars 6% to hit new high on healthy outlook; up 42% in 2023")
Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh
Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday's session as the Reserve Bank of India (RBI) is slated to announce its
 "Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh")
Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying
CLOSING BELL, JUNE 7, 2023: The frontline indices ended at 6-month highs
 "Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying")
Recycling firm Vikas Ecotech plans to raise Rs 100 cr via QIP issue route
Recycling company Vikas Ecotech on Wednesday said it plans to raise Rs 100 crore through qualified institutional placement (QIP) route
 "Recycling firm Vikas Ecotech plans to raise Rs 100 cr via QIP issue route")
Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power
Stocks to Watch today, June 7, 2023: Tata Power, Uniparts India, Seshasayee Paper, Marksans Pharma will turn ex-dividend on Wednesday
 "Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power")