Page 1031 - Markets News
FPI selling tops $3.5 billion amid Lok Sabha poll jitters, flows to China
If sustains, it will be highest monthly pullout since January 2023
 "FPI selling tops $3.5 billion amid Lok Sabha poll jitters, flows to China")
M&M's stock races ahead on strong Q4 performance, outlook healthy
M&M is looking at expanding monthly UV capacity to 64,000 units by FY25-end and 72,000 units by FY26-end, from the present level of 49,000 units
 "M&M's stock races ahead on strong Q4 performance, outlook healthy")
Trent, Bharat Electronics poised as contenders for Nifty50 in September
If added, both stocks could receive passive inflows in excess of Rs 3,000 crore
 "Trent, Bharat Electronics poised as contenders for Nifty50 in September")
New 10-year government bond dethrones old 10-year bond as benchmark
Since the maiden issuance of the bond on April 8, the bond has seen a total issuance of Rs 60,000 crore across three auctions
 "New 10-year government bond dethrones old 10-year bond as benchmark")
Go Digit Subscription Status, Day 3:IPO subscribed 9.5x so far on final day
Go Digit IPO Subscription Status, May 17: Retail investors' portion was booked (4x), NII portion (7.1x), and QIB portion (12.56x)
 "Go Digit Subscription Status, Day 3:IPO subscribed 9.5x so far on final day")
Stock Market Highlights, May 17: Sensex up 253 pts, Nifty tops 22,450; broader indices outperform
Stock markethighlights on May 17, 2024: M&M, JSW Steel, Ultratech Cement, Kotak Bank, ITC, Maruti Suzuki, NTPC, and Tata Motors were the top gainers on the Sensex
 "Stock Market Highlights, May 17: Sensex up 253 pts, Nifty tops 22,450; broader indices outperform")
These 5 smallcap stocks zoomed up to 20% on the BSE
At 01:42 pm; Kaynes, KFIL and Kiri Industries were in the 20% upper circuit, while MOIL and Indian Hume Pipe were up 19% and 17%, respectively, as against the S&P BSE Sensex was up 0.39%.
 "These 5 smallcap stocks zoomed up to 20% on the BSE")
Concor stock price rallies 7% from day's low, hits all time high
At 02:30 PM; the stock of Concor was trading 6.29 per cent lower at Rs 1,103.25. In comparison, the S&P BSE Sensex was up by 0.39 per cent
 "Concor stock price rallies 7% from day's low, hits all time high")
JK Paper up 9% on hopes of recovery in FY25; declares Rs 5 dividend
While the paper company posted a weak set of results, the company reportedly said that it expects higher volume growth in the paper and boards segment in the current financial year of 2024-25 (FY25)
 "JK Paper up 9% on hopes of recovery in FY25; declares Rs 5 dividend")
Stock idea: Analysts raise target price on Info Edge post Q4; details here
Info Edge (India) stock price update: Info Edge stock price zoomed 8 per cent to Rs 6,338.55 per share on the BSE in Friday's intraday trade
 "Stock idea: Analysts raise target price on Info Edge post Q4; details here")
Nifty Midcap index at new high; Dixon, Endurance, JSW Infra soar up to 14%
In the past six trading days, the index has outperformed by surging 5.4 per cent, as compared to 2.4 per cent rise in the Nifty 50.
 "Nifty Midcap index at new high; Dixon, Endurance, JSW Infra soar up to 14%")
Kaynes Tech zooms 14% on robust Q4; stock more-than-doubles in one year
Notably, the stock has zoomed almost 339 per cent from its listing price of Rs 578, and 121 per cent in the last one year
 "Kaynes Tech zooms 14% on robust Q4; stock more-than-doubles in one year")
Rulka Electricals IPO oversubscribed 13.7 times on day 2; check price, GMP
Rulka Electricals SME IPO's present GMP on May 17th, 2024 is Rs 235. With a price band of Rs 235.00, Rulka Electricals SME IPO's estimated listing price is Rs 470 with an expected listing gain of
 "Rulka Electricals IPO oversubscribed 13.7 times on day 2; check price, GMP")
BOJ may face more pressure to hike rates amid declining consumer spending
The yen has depreciated by roughly 10% against the dollar so far this year despite the BOJ's decision in March to end eight years of negative rates
 "BOJ may face more pressure to hike rates amid declining consumer spending")
eClerx Services shares drop 5% as IT firm announces share buyback, Q4 show
eClerx plans to allocate up to Rs 385 crore for its buyback, equivalent to 24.98 per cent of the total paid-up equity share capital and 18.38 per cent of free reserves
 "eClerx Services shares drop 5% as IT firm announces share buyback, Q4 show")
BEML stock rallies 9% on winning new order worth Rs 250 crore
Meanwhile, in past six trading days, the stock zoomed 26% after the company had reported a solid 62.85% YoY growth in consolidated profit after tax at Rs 256.80 crore in March 2024 quarter.
 "BEML stock rallies 9% on winning new order worth Rs 250 crore")
Endurance Tech zooms 14%, hits record high on solid Q4, Rs 8.5 dividend
Endurance Technologies stock price: During Q4FY24, Endurance Technologies reported a 54 per cent year-on-year (Y-o-Y) jump in net profit at Rs 210.15 crore
 "Endurance Tech zooms 14%, hits record high on solid Q4, Rs 8.5 dividend")
Indian govt bond yields remain unchanged as traders eye debt supply
Traders were also cautious after the 10-year US yield moved off its recent lows, but continued to remain around the 4.35 per cent mark.
 "Indian govt bond yields remain unchanged as traders eye debt supply")
This Murugappa Group stock hit Rs 1-trn m-cap; zoomed 108 times in 4 years
CG Power stock up date: CG Power hit a new high of Rs 669.05, as they rallied 6% on the BSE in Friday's intra-day trade and saw its market capitalisation touch Rs 1.02 trillion mark.
 "This Murugappa Group stock hit Rs 1-trn m-cap; zoomed 108 times in 4 years")
Brokerages bullish on Crompton Greaves post Q4; stock hits 52-week high
On a yearly basis, Crompton Greaves' profit soared 5.5 per cent to Rs 138.4 crore in the March quarter of FY24, from Rs 131 crore in the March quarter of FY23
 "Brokerages bullish on Crompton Greaves post Q4; stock hits 52-week high")