Page 92 - Latest Updates on Stock Market
RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun
Closing Bell on Thursday, January 11: Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid
 "RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun")
Investors subscribe Jyoti CNC Automation IPO 3.92 times on 2nd day
The IPO received bids for 6,87,09,015 shares against 1,75,39,681 shares on offer, as per NSE data
 "Investors subscribe Jyoti CNC Automation IPO 3.92 times on 2nd day")
Barclays raises target on Europe's STOXX 600 to 510 from 485: Report
The new target represents a roughly 7 per cent upside from current levels
 "Barclays raises target on Europe's STOXX 600 to 510 from 485: Report")
Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end
Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619
 "Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end")
465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%
Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1
 "465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%")
Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin
Stocks to Watch on January 10, 2024: The company reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore
 "Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin")
Results preview: Nifty 50 earnings likely to enter slow lane in Q3
Brokerages have cut benchmark index's forward earnings estimates
 "Results preview: Nifty 50 earnings likely to enter slow lane in Q3")
Jyoti CNC Automation IPO ends 1st day with 2.51 times subscription
The category for Retail Individual Investors (RIIs) got subscribed 8.25 times and that for non-institutional investors received 3.63 times subscription
Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500
Among the key themes identified by the brokerage are Make-in-India, defence, and energy transition
 "Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500")
Zee Entertainment shares plunge 8%, market valuation falls by Rs 2,036 cr
The stock tumbled 12.66 per cent to Rs 242.30 during the day on the BSE. It ended at Rs 256.25 apiece, lower by 7.64 per cent
 "Zee Entertainment shares plunge 8%, market valuation falls by Rs 2,036 cr")
Mutual benefits
Increasing mutual fund flows is a win-win
 "Mutual benefits")
Zee Ent tanks 13% in worst day since Feb 2023 as Sony may call off merger
The stock ended off lows after ZEEL issued a clarification and called news of the Zee-Sony merger termination baseless and factually incorrect
 "Zee Ent tanks 13% in worst day since Feb 2023 as Sony may call off merger")
Sensex ends flat, 649 pts off high amid sell off in banks; ZEE sheds 8%
Closing Bell on Tuesday, January 09: Among sectors, the Nifty Media index crashed the most, falling 3.4 per cent, amid a slide in ZEEL shares (down 8%), Dish TV (5%), and Hathway (3%)
 "Sensex ends flat, 649 pts off high amid sell off in banks; ZEE sheds 8%")
Mutual Fund assets go past Rs 50 trillion; SIP-tied AUM hits Rs 10 trn
The record AUM growth in 2023 was underpinned by a sharp rally in the equity market
 "Mutual Fund assets go past Rs 50 trillion; SIP-tied AUM hits Rs 10 trn")
Muted Q3 sales, stock rally limit upsides in Godrej Consumer Products
The company remains optimistic about a gradual uptick in consumption trends over the next calendar year
 "Muted Q3 sales, stock rally limit upsides in Godrej Consumer Products")
Adani Ports' first bond issue in over 2 yrs lapped up, more coming: Bankers
The fundraising follows the Supreme Court's decision that the group is not required to undergo additional investigations beyond the market regulator's current scrutiny
 "Adani Ports' first bond issue in over 2 yrs lapped up, more coming: Bankers")
Sensex tanks 671 pts, Nifty nears 21,500 amid global rout; PSBs worst hit
Closing Bell on Monday, January 08: The broader markets, too, felt the pain with the BSE MidCap and SmallCap indices dipping 0.87 per cent and 0.36 per cent, respectively
 "Sensex tanks 671 pts, Nifty nears 21,500 amid global rout; PSBs worst hit")
Now that we've built size, we'll focus on profitable growth: Upstox CEO
Not all new players, Kumar says, will be able to scale up profitably, and there will always be an opportunity for consolidation in the industry
 "Now that we've built size, we'll focus on profitable growth: Upstox CEO")
Stocks to Watch: Nykaa, Titan, Adani Wilmar, Marico, Tata Steel, Bajaj Auto
Stocks to Watch on January 8, 2024: Titan's revenue rose 22 per cent YoY in the December quarter (Q3FY24
 "Stocks to Watch: Nykaa, Titan, Adani Wilmar, Marico, Tata Steel, Bajaj Auto")
Amid bull run, mutual fund assets soared 22% in December quarter
Data from the Association of Mutual Funds in India shows that the industry's average AUM for Q4CY23 was Rs 49.2 trillion, up from Rs 40.3 trillion in the same period of CY22
 "Amid bull run, mutual fund assets soared 22% in December quarter")