Page 1011 - Markets News
'Sebi proposal on new asset class for high risk takers looks promising'
The new asset class is aimed at bridging the gap between mutual funds and Portfolio Management Services (PMS) in terms of flexibility in portfolio construction
 "'Sebi proposal on new asset class for high risk takers looks promising'")
Nomura says Aadhar Housing Finance stock is 'affordable', gives 'Buy' call
Nomura initiates coverage on Aadhar Housing: Nomura has given a target price of Rs 550 for Aadhar Housing Finance stock. It implies a 20.3 per cent upside
 "Nomura says Aadhar Housing Finance stock is 'affordable', gives 'Buy' call")
Silver trading strategy today, July 17: Buy dips near Rs 90,000-91,500
Silver support, resistance levels: Silver is expected to test the $35 mark on rate cut bets. Traders are expected to continue to buy into dips
 "Silver trading strategy today, July 17: Buy dips near Rs 90,000-91,500")
Where to invest in markets for the next 1 year? Siddhartha Khemka answers
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
 "Where to invest in markets for the next 1 year? Siddhartha Khemka answers")
Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000
Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.
 "Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000")
Stock market holiday, July 17: NSE, BSE shut today on account of Muharram
The equity, equity derivative, and SLB segments will remain closed for the entire day. The currency derivatives and commodity derivatives segments will also be closed throughout Wednesday
 "Stock market holiday, July 17: NSE, BSE shut today on account of Muharram")
Fraud detection framework: Quant MF affair triggers rush to apply new rules
Large AMCs to expedite setting up of institutional mechanism
 "Fraud detection framework: Quant MF affair triggers rush to apply new rules")
Amid price hike reports, shares of tyre companies rally for second day
According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber).
 "Amid price hike reports, shares of tyre companies rally for second day")
Budget may give more importance to populist measures: Nischal Maheshwari
Valuations are reasonable and the outlook is improving in IT, BFSI and FMCG. Defence, engineering and power are clearly overpriced and some profits can be taken, Nischal Maheshwari of Centrum said
 "Budget may give more importance to populist measures: Nischal Maheshwari")
Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore
According to the block deal data available on the National Stock Exchange (NSE), Motilal Oswal Mutual Fund (MF) sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based Zomato
 "Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore")
Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
 "Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices")
Sebi considers new product category between mutual funds and PMS
Sebi move aimed at filling product gap, curbing inflow into unauthorised investment schemes
Sebi proposes provisions for summary proceedings in intermediaries rules
Summary proceedings allow the entity to present reasons why the facts leading to the proceedings should not result in adverse consequences against it
 "Sebi proposes provisions for summary proceedings in intermediaries rules")
Market Highlights, July 16: Sensex, Nifty end flat after hitting record highs; RIL, HDFC Bank weigh
Stock Market Highlights today, Tuesday, July 16, 2024: In the broader markets, the BSE MidCap slipped 0.29 per cent, but the BSE SmallCap added 0.32 per cent
 "Market Highlights, July 16: Sensex, Nifty end flat after hitting record highs; RIL, HDFC Bank weigh")
Bajaj Auto Q1FY25 results: Profit rises 19% YoY to Rs 1,988 cr; stock up 2%
Bajaj Auto Q1 results: The share price surged after Bajaj Auto reported a solid performance in the first quarter ending June 30, 2024 (Q1FY25)
 "Bajaj Auto Q1FY25 results: Profit rises 19% YoY to Rs 1,988 cr; stock up 2%")
NSE tightens margin funding rules, excludes 1010 stocks including Paytm
The NSE has drastically reduced the list of stocks eligible for collateral in margin funding, removing 1,010 stocks, including Adani Power, Yes Bank, and Paytm, effective August 1
 "NSE tightens margin funding rules, excludes 1010 stocks including Paytm")
This BSE listed ship breaking stock has zoomed 79% in 4 trading days
Shares of Hariyana Ship Breakers were locked in the upper circuit for the fourth straight trading day, up 10% at Rs 222.90, also its record high on Tuesday.
 "This BSE listed ship breaking stock has zoomed 79% in 4 trading days")
Sebi amends investment rules; lays framework for employment benefit scheme
As per Sebi, the investment manager or manager can receive the units of InvIT/REIT in lieu of management fees, for the purpose of providing unit-based employee benefits
 "Sebi amends investment rules; lays framework for employment benefit scheme")
Udaipur Cement stock price slips over 5% after June quarter results
The fall in the share price came after the company witnessed a mixed set of June quarter (Q1FY25) results
 "Udaipur Cement stock price slips over 5% after June quarter results")
SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% in 2 days
SpiceJet shares: SpiceJet airline reported a standalone net profit of Rs 119 crore in Q4FY24
 "SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% in 2 days")