Page 1025 - Markets News
Limited downside seen in Silver, support placed at Rs 93,100: Sharekhan
COMEX silver inventory fell from 299.04 Moz to 298.46 MOz and remains at the highest level since January 2023
 "Limited downside seen in Silver, support placed at Rs 93,100: Sharekhan")
Bull spread on SBI: Buy Call at Rs 850, says Nandish Shah of HDFC Sec
Derivatives strategy on SB: Long build up is seen in SBI Futures with 11 per cent rise in open interest
 "Bull spread on SBI: Buy Call at Rs 850, says Nandish Shah of HDFC Sec")
Crude Oil, Copper: Check key trading strategy, target price and more
OPEC is expected to extend its production cuts in an upcoming meeting, which has recently helped both WTI and Brent to break above their 100-day moving averages
 "Crude Oil, Copper: Check key trading strategy, target price and more")
Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500
The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon
 "Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500")
US rate outlook spooks markets; Nifty falls for fifth consecutive session
Longest losing streak since October
 "US rate outlook spooks markets; Nifty falls for fifth consecutive session")
Market regulator Sebi issues guidelines on settlement penalties
Under the norms, entities can settle a matter by paying an amount, usually decided by a committee of Sebi
 "Market regulator Sebi issues guidelines on settlement penalties")
RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?
Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space
 "RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?")
FPI inflow may hit $2 billion a week if BJP wins elections 2024: Nomura
On the other hand, if BJP fails to win the elections, Nomura expects outflows from the forex channel to be over $30 billion in a couple of weeks.
 "FPI inflow may hit $2 billion a week if BJP wins elections 2024: Nomura")
Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why
On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks
 "Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why")
Demand uncertainty likely to keep Tata Steel stock under pressure
Tata Steel India (TSI) sales volume grew 11 per cent QoQ at 5.42 million tonnes (up 5 per cent YoY) but average realisation declined 5 per cent QoQ at Rs 67,592/tonne
 "Demand uncertainty likely to keep Tata Steel stock under pressure")
Sebi asks clearing corporations to diversify their bank exposure
Regulator also tweaks norms on collateral and liquid assets
 "Sebi asks clearing corporations to diversify their bank exposure")
3 mutual fund houses lead the charge with offerings in quant space
Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies
 "3 mutual fund houses lead the charge with offerings in quant space")
NSE Indices launches India's first EV index to facilitate ecosystem
The base date for the new thematic index is April 2, 2018, and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis
 "NSE Indices launches India's first EV index to facilitate ecosystem")
Sebi tweaks framework for clearing firms on liquid assets as collateral
Clearing corporations accept liquid assets with applicable haircuts to meet the requirements for initial margins and mark to market losses among others
 "Sebi tweaks framework for clearing firms on liquid assets as collateral")
Stock Market Highlights, May 30: Sensex drops 617 pts, gives up 74K; Nifty below 22,500
Stock Market Highlights on May 30: In the broader markets, the BSE MidCap, and SmallCap indices fell over 1 per cent each
 "Stock Market Highlights, May 30: Sensex drops 617 pts, gives up 74K; Nifty below 22,500")
Samvardhana Motherson target price, earnings estimate raised. Details here
Samvardhana Motherson share: Samvardhana Motherson is emerging as the key beneficiary of the growing popularity of electric vehicles (EVs) and the rising trend of premiumisation across segments
 "Samvardhana Motherson target price, earnings estimate raised. Details here")
Cummins India share price sheds 6% amid cautious management commentary
Cummins India share: the sharp rise in global metal prices is posing a challenge in maintaining gross margins, Cummins India management said
 "Cummins India share price sheds 6% amid cautious management commentary")
Sebi reduces approval time to 7 days for brokers for internet-based trading
The move is aimed at facilitating ease of doing business
 "Sebi reduces approval time to 7 days for brokers for internet-based trading")
This smallcap power related stock zoomed over 100% from its March low
Shares of Techno Electric & Engineering hit a record high of Rs 1,218.75, and were up 9% on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy Q4 performance.
 "This smallcap power related stock zoomed over 100% from its March low")
Why did investors dump Marksans Pharma shares post Q4 results? Know here
Marksans Pharma's net profit fell 4.5 per cent on a year-on-year (Y-o-Y) basis to Rs 78.3 crore in the March quarter of FY24, from Rs 82 crore in the March quarter of FY23
 "Why did investors dump Marksans Pharma shares post Q4 results? Know here")