Page 63 - Latest Updates on Stock Market
High-quality stocks at their cheapest in 20 years, says Saurabh Mukherjea
There is a huge valuation disparity between American and Indian small and midcap stocks despite similar fundamental growth prospects, he says
 "High-quality stocks at their cheapest in 20 years, says Saurabh Mukherjea")
Stock Markets closed on Independence Day 2024; trading to resume on Aug 16
Other stock market holidays for the year include Gandhi Jayanti on Oct 2, Diwali on Nov 1, Guru Nanak Jayanti on Nov 15, and Christmas on Dec 25
 "Stock Markets closed on Independence Day 2024; trading to resume on Aug 16")
Equity MF schemes stockpile cash in response to sky-high valuations
July sees cash levels climb to 5.4%, up from June's 4.6%
 "Equity MF schemes stockpile cash in response to sky-high valuations")
Red-hot growth projections point to cooler outlook for Voltas stock
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments. It reported a profit in EMPS versus expectations of loss
 "Red-hot growth projections point to cooler outlook for Voltas stock")
Hindenburg row: SC plea seeks conclusive Sebi report in Adani case
Fresh public doubt necessitates Sebi to conclude its probe and declare findings: petitioner
 "Hindenburg row: SC plea seeks conclusive Sebi report in Adani case")
MCA website lists Agora status as 'active'; contradicts Buch's claim
Experts suggest Chair may have used term loosely
 "MCA website lists Agora status as 'active'; contradicts Buch's claim")
LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO
During April-June FY25, the insurance behemoth made an investment of about Rs 38,000 crore in shares as against Rs 23,300 crore in the same period a year ago
 "LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO")
Investors grow concerned with India's heatwaves as they hit earnings
The heatwave featured no fewer than 80 times in earnings calls for the quarter ended June
 "Investors grow concerned with India's heatwaves as they hit earnings")
Markets cede ground after 1-day gain; Sensex and Nifty decline 0.7%
Meanwhile, the RBI kept rates unchanged for a ninth straight meeting
 "Markets cede ground after 1-day gain; Sensex and Nifty decline 0.7%")
Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates
Stock Market Highlights on Aug 8 2024: The day ended in favor of the bears as 41 out of 50 constituent stocks of the Nifty50 ended lower
 "Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates")
Sebi looks to further tighten the noose around participatory notes
Complete ban on use of derivatives; will be made to furnish granular disclosures
 "Sebi looks to further tighten the noose around participatory notes")
NSE Q1 profit up 39% to Rs 2,567 crore; BSE 3.6x to Rs 265 crore
Doubling of trading turnover boosts revenues, profits for both bourses
 "NSE Q1 profit up 39% to Rs 2,567 crore; BSE 3.6x to Rs 265 crore")
Stock Market Highlights, Aug 7: Sensex climbs 875 pts; Nifty ends at 24,297; Mid, smallcaps outrun
Stock Market Highlights on August 7: As many as 44 out of 50 constituent stocks of the Nifty50 ended higher, with ONGC, Coal India, Adani Enterprises, and Adani Ports gaining up to 7.45 per cent
 "Stock Market Highlights, Aug 7: Sensex climbs 875 pts; Nifty ends at 24,297; Mid, smallcaps outrun")
Non-biscuit portfolio key driver of Britannia Industries' growth
Unless there is a sharp upside surprise in terms of volumes, or some unusual gains in margins
 "Non-biscuit portfolio key driver of Britannia Industries' growth")
Stock Market Highlights, Aug 6: Sensex drops 1,259 pts from high, ends 166 pts down; Nifty below 24k
Stock Market Highlights on August 6: On the BSE, 17 out of 30 listed stocks of the Sensex ended in the red, with State Bank of India, Mahindra & Mahindra, and Bharti Airtel being the top drags
 "Stock Market Highlights, Aug 6: Sensex drops 1,259 pts from high, ends 166 pts down; Nifty below 24k")
Motherson Sumi Wiring deserves rich valuations, say analysts post Q1 show
Analysts believe that Motherson Wiring's Q1 show was muted due to start-up costs of two new plants, resulting in lower-than-estimated growth in profits and operating margins
 "Motherson Sumi Wiring deserves rich valuations, say analysts post Q1 show")
Reading the vital signs: Pharma sector, the market's trusted antidote
The pharma index was the only healthy pulse amid Friday's market declines
 "Reading the vital signs: Pharma sector, the market's trusted antidote")
Mkt regulator Sebi sets riders for university funds disclosure exemptions
Says exemption will be granted only if the fund's India equity AUM is less than 25% of the global AUM and global AUM is higher than Rs 10,000 crore
 "Mkt regulator Sebi sets riders for university funds disclosure exemptions")
Sebi launches chatbot SEVA, Prudent AUM crosses Rs 1 trillion, and more
One of the largest mutual fund (MF) distributors Prudent Corporate Advisory on Monday informed exchanges that its total MF assets under management (AUM) has crossed Rs 1 trillion
 "Sebi launches chatbot SEVA, Prudent AUM crosses Rs 1 trillion, and more")
Fed rate decision, Q1 earnings to drive stock markets this week: Analysts
Investors would also track global market trends and the movement in global oil prices for further cues
 "Fed rate decision, Q1 earnings to drive stock markets this week: Analysts")