Page 89 - Latest Updates on Stock Market
Analysts downgrade SBI Card as poor asset quality, rising costs bite in Q3
SBI Card share price: Shares of the credit card arm of State Bank of India (SBI) tanked 6.5 per cent to Rs 710.5 per share on the BSE in Monday's intraday trade
 "Analysts downgrade SBI Card as poor asset quality, rising costs bite in Q3")
BLS E-Services collects Rs 126 crore from anchor investors ahead of IPO
Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Aidos India Fund are among the anchor investors that have been allotted shares
 "BLS E-Services collects Rs 126 crore from anchor investors ahead of IPO")
Dalal Street investors become richer by Rs 6 trillion as markets rally
The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22
 "Dalal Street investors become richer by Rs 6 trillion as markets rally")
Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%
Stock market highlights on Monday, January 29: Tata Motors (up 3.7 per cent), Power Grid, L&T, NTPC, Kotak Bank, Ultratech Cement, Titan, Sun Pharma, Axis Bank, and HDFC Bank were other top gainers
 "Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%")
Mutual fund industry collects Rs 63,854 crore capital through NFOs in 2023
In comparison, Asset Management Companies (AMCs) garnered Rs 62,187 crore through 228 New Fund Offerings (NFOs) in 2022
 "Mutual fund industry collects Rs 63,854 crore capital through NFOs in 2023")
HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%
LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025
 "HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%")
Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India
Stocks to watch on January 29, 2024: Investor focus this week remains on the US Fed's rate outcome on Jan 31 and the interim budget back home on Feb 1
 "Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India")
Nifty50: Near-term consolidation with negative bias on cards
Nifty outlook: Short-term charts unveil a cautious scenario, where a fresh bullish momentum is anticipated only beyond the 22,124 mark, as per Ravi Nathani
 "Nifty50: Near-term consolidation with negative bias on cards")
LIVE news: Centre announces Padma awardees on eve of Republic Day
LIVE news updates today: Catch all the latest updates from around the world here
 "LIVE news: Centre announces Padma awardees on eve of Republic Day")
Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up
Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier
 "Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up")
Unilever's US, European market share slips as private label booms
Unilever's underlying price growth was 13.3% at its height in the fourth quarter of 2022, with prices at its home care business up nearly 17%
 "Unilever's US, European market share slips as private label booms")
IPO-bound S K Finance raises Rs 1,328 crore capital from investors
Motilal Oswal Private Equity has pumped in Rs 415 crore for a minority stake in the 1994-incorporated, Jaipur-based company, as per a statement
 "IPO-bound S K Finance raises Rs 1,328 crore capital from investors")
Magma Ventures sells Poonawalla Fincorp's shares worth Rs 200 crore
Magma Ventures, an entity owned by Chamria Family, disposed of shares of Poonawalla Fincorp on the National Stock Exchange (NSE)
HDFC Bank offloads CAMS shares worth Rs 270 crore via open market
The shares were offloaded in the price range of Rs 2,700-2,700.08 apiece on the bourses, taking the combined transaction value to Rs 270 crore
Microsoft hits $3 trillion market value, cementing strength of AI rally
The stock rose as much as 1.3% to $403.95, resulting in a market capitalization of $3 trillion. The threshold cements Microsoft's status as one of the largest public stocks
 "Microsoft hits $3 trillion market value, cementing strength of AI rally")
Year after Hindenburg: Adani claws back narrative on biz fundamentals
Unlike its previous targets, tycoon Gautam Adani, who was the world's second-richest man before the damning January 24, 2023 Hindenburg report
 "Year after Hindenburg: Adani claws back narrative on biz fundamentals")
Stock market of Hong Kong bounces after PBOC announces rate RRR cut
Mounting hopes that Chinese authorities would come to the rescue of the battered market with more measures and news of Jack Ma scooping up Alibaba Group shares also lifted overall market sentiment
 "Stock market of Hong Kong bounces after PBOC announces rate RRR cut")
Global funds sell most of Indian stocks since 2022 post-record rally
Global funds sold $2.4 billion of Indian shares on a net basis last week, the most since June 2022
 "Global funds sell most of Indian stocks since 2022 post-record rally")
Stocks to Watch today: Axis, HDFC Bk, LTFH, Airtel, Lupin, REC, JSW Energy
Stocks to watch on Wednesday, January 24, 2024: Bajaj Auto, Canara Bank, DLF, Exide, Indian Oil, Tata Steel, Tech Mahindra and TVS Motor to announce Q3 results today.
 "Stocks to Watch today: Axis, HDFC Bk, LTFH, Airtel, Lupin, REC, JSW Energy")
China regulator removes draft video game rules from website, stocks jump
The link to the draft rules on the National Press and Publication Administration's (NPPA) website was inaccessible as of Tuesday morning, after having worked on Monday
 "China regulator removes draft video game rules from website, stocks jump")