Page 126 - Latest Updates on Stock Market
Aurobindo hits 52-week high; zooms 63% from Feb low on improved performance
Analysts believe Aurobindo has multiple growth drivers in place with investments in vaccines, injectables, biosimilars and PLI, which are expected to be reflected from FY24
 "Aurobindo hits 52-week high; zooms 63% from Feb low on improved performance")
Sensex gains 318 pts as investors cheer dip in inflation; Realty stks rally
CLOSING BELL: The NSE Nifty 50 ended with a gain of 84 points; Realty index soared over 4%; auto and bank shares also logged significant gains.
 "Sensex gains 318 pts as investors cheer dip in inflation; Realty stks rally")
DMart dips 5% on weak Q4; here's how brokerages have interpreted the result
The EBITDA margin declined 110 basis points YoY to 7.3%, while the gross margin fell 90 bps YoY to 13.4% pulled down by lower revenue from the high-margin gross merchandise & apparel segment
 "DMart dips 5% on weak Q4; here's how brokerages have interpreted the result")
Stocks to Watch on May 15: Adani Group, Tata Motors, DMart, PVR Inox
Stocks to Watch today, May 15, 2023: Adani Enterprises and Adani Transmission will together raise Rs 21,000 crore
 "Stocks to Watch on May 15: Adani Group, Tata Motors, DMart, PVR Inox")
Sensex up 123 pts, Nifty holds 18,300 ahead of CPI data; banks lend support
CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day
 "Sensex up 123 pts, Nifty holds 18,300 ahead of CPI data; banks lend support")
Key driver of returns is asset allocation, not market timing: Ajit Deshmukh
US markets have seen significant corrections in the last 18 months and 10-15% allocation to US equities in a staggered way can be a prudent diversification, says Ajit Deshmukh, Equirus Wealth MD
 "Key driver of returns is asset allocation, not market timing: Ajit Deshmukh")
Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%
CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise
 "Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%")
Gujarat Gas surges 6% on healthy Q4 results, turnaround in sales volume
The company's long-term volume growth prospects remain robust with the addition of new industrial units, and expansion of existing units, said Motilal Oswal Financial Services
 "Gujarat Gas surges 6% on healthy Q4 results, turnaround in sales volume")
Varun Beverages maintains strong growth trajectory in March quarter
Stock has gained 1.3 times in the last one year crossing the Rs 1 trillion mark in m-cap
 "Varun Beverages maintains strong growth trajectory in March quarter")
Adani Enterprises to consider stock sale months after short-seller turmoil
Adani Enterprises Ltd., the Indian tycoon's flagship, said in a statement on Wednesday it's holding a May 13 board meeting to consider selling stock
 "Adani Enterprises to consider stock sale months after short-seller turmoil")
Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead
CLOSING BELL: The fag-end rally was powered by IndusInd Bank, Bajaj Finance, Tata Motors, Reliance Industries, HDFC Bank, Maruti Suzuki, and Bajaj Finserv
 "Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead")
IndusInd Bank rises 3% on UBS upgrade; notches 9% gain in last 3 sessions
IndusInd Bank is likely to get added to the MSCI India Index during the rebalancing exercise in August following a sharp increase in the investment legroom for foreign portfolio investors (FPIs)
 "IndusInd Bank rises 3% on UBS upgrade; notches 9% gain in last 3 sessions")
Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel
Stocks to Watch today: In a major blow, lessors have approached aviation regulator DGCA for deregistration of three planes of SpiceJet
 "Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel")
Sensex, Nifty end flat after choppy day; Indiabulls RE sinks 20%, Zomato 6%
CLOSING BELL: Among sectors, the Nifty PSU Bank index fell nearly 3 per cent, followed by the Nifty Realty index (close to 1 per cent)
 "Sensex, Nifty end flat after choppy day; Indiabulls RE sinks 20%, Zomato 6%")
Indian shares end flat on caution ahead of key data, earnings rush
Analysts expect the benchmark to witness consolidation in the near term, ahead of the domestic retail inflation data for April, due on Friday
 "Indian shares end flat on caution ahead of key data, earnings rush")
Strong margin outlook key driver for consumer major Marico's gains
There could be a gradual uptick in volume and value growth in the current year
 "Strong margin outlook key driver for consumer major Marico's gains")
Mukesh Ambani's RIL has stock analysts most bullish in seven years
The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices
 "Mukesh Ambani's RIL has stock analysts most bullish in seven years")
This smallcap glass container firm has made investors richer by 5x in 5 yrs
Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock's 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent)
 "This smallcap glass container firm has made investors richer by 5x in 5 yrs")
Best of sovereign bond rally may be over with sales deluge coming
The cracks in demand are already starting to show, as the government sold bonds at higher-than-expected cut-off yields at an auction on Thursday
 "Best of sovereign bond rally may be over with sales deluge coming")
Stocks selected by ChatGPT far outperform most popular UK fund managers
"It wouldn't "be long until large numbers of consumers try to use (ChatGPT) for financial gain," Jon Ostler, Finder's CEO, said in a statement earlier this week
 "Stocks selected by ChatGPT far outperform most popular UK fund managers")