Page 1029 - Markets News
Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks
Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.
 "Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks")
New launch success, Jaguar Land Rover margin key for more gains in TaMo
Restructuring of domestic operations over the next year, new launches, higher sales at subsidiary Jaguar Land Rover (JLR), and further deleveraging are key triggers for the stock
 "New launch success, Jaguar Land Rover margin key for more gains in TaMo")
Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%
Sebi slapped 'show cause' notice to Hindenburg; Adani Total Gas, Adani Energy Solutions, New Delhi Television and Adani Wilmar were up in the range of 1 per cent to 2 per cent.
 "Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%")
Broking stocks fall up to 11% after Sebi directs MIIs to levy uniform fees
Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent
 "Broking stocks fall up to 11% after Sebi directs MIIs to levy uniform fees")
Market outlook Jul 02: GIFT Nifty hints muted open; Allied Blenders to list
Pre-market: Experts highlight these key levels on the Nifty and Bank Nifty for Tuesday; 3 other SME stocks to debut; What's new on Adani-Hindenburg front?
 "Market outlook Jul 02: GIFT Nifty hints muted open; Allied Blenders to list")
Stocks to watch on July 2: Patanjali Foods, CSB Bank, DCX Systems, NMDC
Stocks to watch on July 2: CSB Bank recorded a 17.8 per cent YoY growth in gross advances to Rs 25,099 crore. Total deposits up 22.2 per cent to Rs 29,920 crore
 "Stocks to watch on July 2: Patanjali Foods, CSB Bank, DCX Systems, NMDC")
Jatin Gedia of ShareKhan recommends buying these two stocks on July 2
Sun TV has witnessed a sharp run up and has been consolidating in a narrowing range since last three weeks
 "Jatin Gedia of ShareKhan recommends buying these two stocks on July 2")
Allcargo, PVR Inox among top 3 stock picks by Anand Rathi on July 02
On a daily scale, Allcargo has formed a bullish alternate bat pattern following a sharp decline of 14 points, which translated into a substantial 19 per cent reduction in its price
 "Allcargo, PVR Inox among top 3 stock picks by Anand Rathi on July 02")
India to see more bond investors move onshore as index weight rises
The Wall Street firm expects $20-$25 billion of inflows into Indian debt as a result of the index inclusion
 "India to see more bond investors move onshore as index weight rises")
M&A deal value slows 9% to $38 billion in the first half of 2024
Deals to pick up in the second half, say bankers
 "M&A deal value slows 9% to $38 billion in the first half of 2024")
Market regulator Sebi directs exchanges, other MIIs to levy same fees
Move aimed at providing fair access, fee to all clients
 "Market regulator Sebi directs exchanges, other MIIs to levy same fees")
Market regulator Sebi proposes MF Lite regulations for passive AMCs
Existing asset management companies (AMCs), which offer both active and passive funds, will also have the option of hiving off the passive business to a separate entity under the new MF Lite norms
 "Market regulator Sebi proposes MF Lite regulations for passive AMCs")
Two in three women investors take decisions independently: Axis MF survey
The finding is based on data of 10 million Axis MF investors, 30 per cent of whom are women, the fund house stated
 "Two in three women investors take decisions independently: Axis MF survey")
Market cap of BSE-listed firms hit lifetime high of Rs 443 trillion
The 30-share BSE Sensex jumped 443.46 points or 0.56 per cent to settle at a new closing peak of 79,476.19. During the day, it climbed 528.27 points or 0.66 per cent to 79,561
 "Market cap of BSE-listed firms hit lifetime high of Rs 443 trillion")
Promoters cash out over Rs 87,000 crore in H1CY24 amid market boom
Analysts say this year's sell-downs by promoters as well as private equity (PE) firms were underpinned by a 'benign exit environment' and were across sectors
 "Promoters cash out over Rs 87,000 crore in H1CY24 amid market boom")
Stock Market Highlights, July 1: Mid, SmallCap indices hit record highs; Sensex gains 443 pts
Stock market Highlights on Monday, July 1, 2024: Tech M, Bajaj Finance, Ultratech Cement, TCS, Infosys, JSW Steel, HUL, HDFC Bank, Tata Motors, ITC, ICICI Bank, Titan were the top gainers today
 "Stock Market Highlights, July 1: Mid, SmallCap indices hit record highs; Sensex gains 443 pts")
PVR Inox rallies 6%, hits over 5-month high on recovery hopes
According to reports, Kalki 2898 AD, the film which was released in theatres last week, has been minting money across the globe
 "PVR Inox rallies 6%, hits over 5-month high on recovery hopes")
Rane Holdings locks in 20% upper circuit on acquiring major stake in JV Co
Shares of Rane Holding locked in 20 per cent upper circuit, hitting its 52-week high at Rs 1605.75 per share on the BSE in Monday's intraday deals
 "Rane Holdings locks in 20% upper circuit on acquiring major stake in JV Co")
This stock has rallied 31% in 4 days on fund buying; up 237% in 1 year
Sharda Motor hit a new high of Rs 2,618.80, surging 19% on the NSE in intra-day trade; has zoomed 31% in 4 days after promoter sold nearly 9% stake in the auto ancillary company via open market.
 "This stock has rallied 31% in 4 days on fund buying; up 237% in 1 year")
Tata Steel, SAIL: Analysts give 'sell' call on steel stocks; here's why
Individually, Welspun Corp, and Steel Authority of India dropped 8.5 per cent each, NMDC 4.9 per cent, APL Apollo Tubes 3.8 per cent, and Adani Enterprises 2 per cent in the last one month
 "Tata Steel, SAIL: Analysts give 'sell' call on steel stocks; here's why")