Page 90 - Latest Updates on Stock Market
Investors' wealth erodes by Rs 8.50 trillion as stock markets tumble
Following the decline in the benchmark index, the market capitalisation of BSE-listed companies eroded by Rs 8,50,820.81 crore to Rs 3,65,97,915.97 crore
 "Investors' wealth erodes by Rs 8.50 trillion as stock markets tumble")
Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%
Stock market highlights on Tuesday, January 23: The BSE MidCap and SmallCap indices fell nearly 3 per cent each. Sectorally, the Nifty Media index crashed 13 per cent
 "Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%")
Sensex sinks 1,668pts from day's high, hits 1-mth low of 70,200: Here's why
Nifty Realty, Oil & Gas indices declined up to 5 per cent, while Pharma index held 1.6 per cent gains
 "Sensex sinks 1,668pts from day's high, hits 1-mth low of 70,200: Here's why")
Stock of this smallcap industrial products company has zoomed 68% in 4 days
At 02:37 PM; STEL was quoting 13 per cent higher at Rs 107.08, as compared to 1.4 per cent decline in the S&P BSE Sensex
 "Stock of this smallcap industrial products company has zoomed 68% in 4 days")
Fund managers burned in AI surge are giving up on active management
With the likes of Microsoft Corp. and Nvidia Corp. all but owning 2023's bull run, money managers faced a dilemma
 "Fund managers burned in AI surge are giving up on active management")
Hong Kong stocks at 36% discount show true depth of China's gloomy outlook
The Hang Seng China Enterprises Index fell 2.4%, inching closer to a level last seen almost two decades ago, while the onshore benchmark CSI 300 Index finished 1.6% lower
 "Hong Kong stocks at 36% discount show true depth of China's gloomy outlook")
Ayodhya Ram mandir 'pran pratishtha': Are stock markets, banks open today?
Ayodhya has geared up for the much-awaited 'pran pratishtha' ceremony of Lord Ram Lalla in the newly built Ram Janmabhoomi Temple
 "Ayodhya Ram mandir 'pran pratishtha': Are stock markets, banks open today?")
Bharti Hexacom files DRHP for IPO, TCIL to sell up to 100 million shares
The IPO will not have any fresh issuance of equity shares and since it is an offer for sale or OFS, Bharti Hexacom will not receive any proceeds from the IPO
 "Bharti Hexacom files DRHP for IPO, TCIL to sell up to 100 million shares")
Sensex falls 260 pts in fag-end, Nifty holds 21,550; FMCGs crack, PSBs soar
Stock market highlights on January 20, 2024: Among sectors, the Nifty IT, and FMCG indices fell 1 per cent each, while the Nifty PSU bank index added 1.9 per cent
 "Sensex falls 260 pts in fag-end, Nifty holds 21,550; FMCGs crack, PSBs soar")
IndusInd Bank drops 3% as analysts see limited near-term upside post Q3
IndusInd Bank share price: Shares of IndusInd Bank declined 4 per cent to Rs 1,550 apiece on the BSE in Friday's intraday trade after its Q3FY24 results
 "IndusInd Bank drops 3% as analysts see limited near-term upside post Q3")
Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday
Stock market highlights on January 19, 2024: The S&P BSE Indices will be calculated on Saturday, January 20, 2024 , which is declared as a special trading day by the exchange
 "Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday")
Stocks to Watch on Jan 19: RIL, HUL, REC, Paytm, Tata Steel, Jet Airways
Stocks to watch on Friday, January 19, 2024: Tata Steel has reportedly rejected a trade union proposal to keep the blast furnaces operational at Port Talbot Steelworks in Wales, the UK
 "Stocks to Watch on Jan 19: RIL, HUL, REC, Paytm, Tata Steel, Jet Airways")
Asian Paints needs fresh coat as margin pressures build up in markets
As competition intensifies, brokerages turn pale on paint maker's stock
 "Asian Paints needs fresh coat as margin pressures build up in markets")
Market rally has margin trading book hitting record Rs 54,537 crore in Jan
The market rally also had the cash segment of the market jumping to a record 25 per cent in December 2023, according to an analysis by Icra Ratings
 "Market rally has margin trading book hitting record Rs 54,537 crore in Jan")
Ethiopia opens up to foreign investment firms ahead of markets launch
The justice ministry authorised the capital markets regulator this week to go ahead with issuing the licences, said Brook Taye, Director General of the Ethiopian Capital Market Authority
 "Ethiopia opens up to foreign investment firms ahead of markets launch")
Sensex slips for 3rd day, dips 314 pts; OFSS up 27%, LTIMindtree tanks 11%
Stock market highlights on January 18, 2024: HDFC Bank slipped 3 per cent after falling over 8 per cent Wednesday
Stocks to Watch on Jan 18: HDFC Bank, NHPC, Adani Ent, IndusInd Bank, BEL
Stocks to Watch on Thursday, January 18, 2024: The ADRs of HDFC Bank tanked another 9 per cent on the New York Stock Exchange on Wednesday, after falling around 7 per cent the day before
 "Stocks to Watch on Jan 18: HDFC Bank, NHPC, Adani Ent, IndusInd Bank, BEL")
Medi Assist's Rs 1,171 cr IPO subscribed 16.25 times on last day of bidding
The Rs 1,171.57 crore-IPO received bids for 31,87,78,530 shares, against 1,96,19,719 shares on offer, as per NSE data
 "Medi Assist's Rs 1,171 cr IPO subscribed 16.25 times on last day of bidding")
HDFC Bank slide triggers worst day for market in last 18 months
The latest decline in the markets wiped Rs 4.59 trillion off investors' wealth. The India VIX -- gauge of volatility -- rose to its highest since March 2023, ending at 15.08
 "HDFC Bank slide triggers worst day for market in last 18 months")
US stocks decline, Treasury yield gain as solid data dims rate cut hopes
All three major U.S. indexes were lower, with interest rate sensitive momentum stocks weighing heaviest on the tech-heavy Nasdaq
 "US stocks decline, Treasury yield gain as solid data dims rate cut hopes")