Page 124 - Latest Updates on Stock Market
Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally
CLOSING BELL, JUNE 6, 2023: IKIO Lighting IPO sailed through on the first day itself with 1.2 times subscription till 3:30 PM
 "Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally")
HBL Power rallies 10%; hits new high after nearly 7% equity changes hands
Till 02:50 PM; a combined 19.2 million equity shares, representing 6.9 per cent of total equity of HBL Power, had changed hands on the NSE and BSE
 "HBL Power rallies 10%; hits new high after nearly 7% equity changes hands")
Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass
Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms
 "Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass")
IKIO Lighting IPO collects Rs 182 cr from anchor investors at Rs 285 apiece
LED lighting solution provider IKIO Lighting Ltd on Monday said it has mobilised Rs 182 crore from anchor investors ahead of its initial share sale that opens for public subscription on Tuesday
 "IKIO Lighting IPO collects Rs 182 cr from anchor investors at Rs 285 apiece")
Wipro shareholders approve Rs 12,000 cr share buyback at Rs 445 apiece
IT company Wipro shareholders have approved a share buyback programme worth Rs 12,000 crore, according to a scrutinizer report released on stock exchanges on Monday
 "Wipro shareholders approve Rs 12,000 cr share buyback at Rs 445 apiece")
Sensex climbs 240pts, Nifty ends near 18,600 on firm global cues; M&M up 4%
CLOSING BELL, June 5, 2023: Sectorally, the Nifty Auto index advanced over 1 per cent, while the Nifty Media, Private Bank, and Consumer indices gained up to 0.8 per cent
 "Sensex climbs 240pts, Nifty ends near 18,600 on firm global cues; M&M up 4%")
Stock of this SME company zooms nearly 100% on market debut
The stock price of Hemant Surgical Industries (HSIL) nearly doubled or zoomed 99.5 per cent to Rs 179.55, against its issue price of Rs 90 per share on the BSE on Monday
 "Stock of this SME company zooms nearly 100% on market debut")
Westlife Foodworld makes its debut on the National Stock Exchange
Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE
 "Westlife Foodworld makes its debut on the National Stock Exchange")
Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC
Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning
 "Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC")
Nifty 50 to face resistance at 18,650; Nifty Bank may slip into downtrend
The Stochastic and RSI indicators are showing a downward slope for the Nifty Bank index, indicating a bearish outlook, says Ravi Nathani, an independent technical analyst
 "Nifty 50 to face resistance at 18,650; Nifty Bank may slip into downtrend")
There is caution among retail investors, says Sharekhan's Gaurav Dua
The one-way rally in the broader market lasts for 17/18 months (on average) and is followed by a corrective phase of 18-24 months
 "There is caution among retail investors, says Sharekhan's Gaurav Dua")
More than skin-deep: Nifty Next 50 complexion to get a shade of difference
Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn
 "More than skin-deep: Nifty Next 50 complexion to get a shade of difference")
Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine
CLOSING BELL ON JUNE 02, 2023: The NSE Nifty 50 finished 46 points higher at 18,534; Hero MotoCorp, Apollo Hospitals and Hindalco rallied over 3 per cent each.
 "Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine")
Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days
Apollo Hospitals is looking to sell around 5-6 per cent stake in Apollo HealthCo at an expected enterprise value of $2.5-$3 billion, said a report by The Economic Times
 "Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days")
Mankind Pharma scales new high; rallies 11% in 3 days post Q4 earnings beat
Currently, the stock was quoting 40 per cent higher over its issue price of Rs 1,080.
 "Mankind Pharma scales new high; rallies 11% in 3 days post Q4 earnings beat")
Sensex ends 194 pts lower owing to late selling; Broader indices outperform
CLOSING BELL ON JUNE 01, 2023: The NSE Nifty 50 settled with a loss of 47 points below the 18,500-mark. Overall market breadth was fairly positive.
 "Sensex ends 194 pts lower owing to late selling; Broader indices outperform")
Centum Electronics hits new high; zooms 48% in 4 days on strong Q4 results
As on March 31, 2023, Centum had a strong order book position of Rs 1,538 crore as compared to Rs 1,090 crore at the end of the previous financial year 2021-22
Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%
CLOSING BELL ON MAY 31, 2023: Reliance, HDFC and HDFC Bank accounted for nearly 90 per cent of the day's loss on the BSE benchmark; Midcaps and Smallcaps bucked the trend.
 "Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%")
Analysts cautiously positive on new age stocks despite improved Q4 metrics
Nykaa, Paytm and others need to do more despite a rise in Q4 metrics, say experts
 "Analysts cautiously positive on new age stocks despite improved Q4 metrics")
Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine
CLOSING BELL ON MAY 30, 2023: The NSE Nifty 50 gained 35 points at 18,634; while the Bank Nifty hit a fresh all-time high at 44,499.
 "Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine")