Page 132 - Latest Updates on Stock Market
TMS Ep382: Sebi crackdown, Bill Gates, markets, pump and dump scheme
Is Sebi finally cracking down on finfluencers? Why is Bill Gates worried about a new virus? Time to buy stocks related to home construction? What is a pump and dump scheme? All answers here
 "TMS Ep382: Sebi crackdown, Bill Gates, markets, pump and dump scheme")
Stocks to Watch: Power Grid, HDFC, Mahanagar Gas, Naukri, IEX, Zydus Life
Stocks to Watch: Mahanagar Gas has entered into a pact to acquire Unison Enviro, a subsidiary of Ashoka Buildcon, for Rs 531 crore
 "Stocks to Watch: Power Grid, HDFC, Mahanagar Gas, Naukri, IEX, Zydus Life")
Analysts turn cautious on Cipla as US FDA action delays key US launches
Analysts believe that some of the recent observations from the US FDA are critical in nature and could lead to a potential Official Action Indicated (OAI) classification for the Indore plant
 "Analysts turn cautious on Cipla as US FDA action delays key US launches")
Day after breather, benchmark indices fall on rising US 10-year yield
Analysts said investors are now trying to gauge how high-interest rates will rise in the US and Europe
 "Day after breather, benchmark indices fall on rising US 10-year yield")
Weak sentiment
Stock markets are adjusting to new realities
 "Weak sentiment")
Markets end lower for 3rd month in a row: Here're best & worst of Nifty50
The domestic markets have sharply underperformed global peers, with the MSCI India declining 11 per cent in three months
 "Markets end lower for 3rd month in a row: Here're best & worst of Nifty50")
Triveni Turbine soars 10% to hit new high on healthy revenue growth outook
Till 01:56 pm; a combined 10.14 million shares, representing 3.2 per cent of the total equity of the company, had changed hands on the NSE and BSE
 "Triveni Turbine soars 10% to hit new high on healthy revenue growth outook")
Select Adani group shares rally; Adani Enterprises jumps 29% from day's low
Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%
 "Select Adani group shares rally; Adani Enterprises jumps 29% from day's low")
Foseco India surges 9%, hits over 5-year high on strong Dec quarter results
The company's board recommended a total final dividend of Rs 40 (400%) per share, including a one-time special dividend of Rs 15 (150%)
In a month, LIC stock down 15%, out of top 10 in market capitalisation
The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels
 "In a month, LIC stock down 15%, out of top 10 in market capitalisation")
Adani stocks trading at valuation premium over Sensex companies
Even after recent carnage, group firms' trailing P/E multiple at 29.4x, against 22.5x of 30-pack index
 "Adani stocks trading at valuation premium over Sensex companies")
Sell-off spree continues in FPIs; withdraw Rs 2,300-cr from equities in Feb
Foreign investors have turned cautious and pulled out Rs 2,313 crore from Indian equities so far this month ahead of the release of Federal Reserve's latest meeting minutes
 "Sell-off spree continues in FPIs; withdraw Rs 2,300-cr from equities in Feb")
GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes
Gas transmission and trading volumes are likely to increase in FY24E with supplies coming from new sources, analysts say
 "GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes")
PineBridge looks past Adani Group saga to load up on stocks in India
The stock meltdown offered an entry point into what's historically an expensive market, according to Kelly, who also sits on PineBridge's management committee
 "PineBridge looks past Adani Group saga to load up on stocks in India")
Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab
Stocks to watch: Zee Entertainment has been barred from the futures and options (F&O) segment of the NSE; Olectra Greentech has developed a hydrogen bus in technical partnership with Reliance Ind
 "Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab")
Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution
The NCLT decision to begin bankruptcy proceedings has overshadowed Zee Entertainment's merger with Culver Max Entertainment (Sony)
 "Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution")
M-cap ranking: India worst-performing in 2023, United Kingdom now sixth
India's contribution to the world market cap too has slipped below 3 per cent after having topped 4 per cent in October 2022
 "M-cap ranking: India worst-performing in 2023, United Kingdom now sixth")
Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts
Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead
 "Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts")
UK overtakes India as world's 6th-biggest stock market with $3.11 trn mcap
The UK's equity market capitalization remains behind France after losing its place as Europe's biggest stock market last year.
 "UK overtakes India as world's 6th-biggest stock market with $3.11 trn mcap")
Triveni Turbine rises 2% to hit new high in weak market on strong outlook
During Q3FY23, Triveni Turbine's order booking reached a new high of Rs 420 crore, leading to a total order booking of Rs 1,139 crore during 9MFY23, up 26.5 per cent YoY
 "Triveni Turbine rises 2% to hit new high in weak market on strong outlook")