Page 1039 - Markets News
Metals, stocks shine amid economic optimism due to slower inflation
Gold climbed more than 1% to a record $2,449.89 an ounce, while three-month copper on the London Metal Exchange surged as much as 4.1% to a historic high of $11,104.50
 "Metals, stocks shine amid economic optimism due to slower inflation")
Asia shares touch two-year top buoyed by China's property boost plans
Late last week, partly in response to some policymakers' comments, global bonds retraced a rally that had followed an encouraging fall in US CPI data
 "Asia shares touch two-year top buoyed by China's property boost plans")
Street signs: Option writers' mouse trap, Awfis space GMP at 20%, and more
Given the recent spike in volatility, brokers are advising their clients to avoid option writing or to seek an extra margin of safety
 "Street signs: Option writers' mouse trap, Awfis space GMP at 20%, and more")
Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?
Calendar year 2024 (CY24) will be a good year for 'quality stocks and bonds', according to analysts at Morgan Stanley. Stocks, they said, have priced in a 'perfect landing' scenario
 "Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?")
Valuation swell prompts large balanced advantage funds to lower sails
Adjusting to market tides: Large BAFs trim net exposure to below 60%
 "Valuation swell prompts large balanced advantage funds to lower sails")
FPIs withdraw Rs 28,200 crore from Indian equities on election jitters
The withdrawal was way higher than a net pullout of over Rs 8,700 crore in April
 "FPIs withdraw Rs 28,200 crore from Indian equities on election jitters")
Foreign investors' trading activity key driver in holiday-shortened week
Markets will remain closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai
 "Foreign investors' trading activity key driver in holiday-shortened week")
Mcap of 8 of most valued firms climbs Rs 1.47 trn; LIC, RIL major gainers
The valuation of LIC zoomed Rs 40,163.73 crore to Rs 6,16,212.90 crore
 "Mcap of 8 of most valued firms climbs Rs 1.47 trn; LIC, RIL major gainers")
Stock Market Special Session Highlights: Sensex, Nifty end flat; Small, MidCap indices gain up to 1%
Stock Market Special Trading Session, Saturday, May 18, 2024: In the broader markets, the BSE MidCap, and the BSE SmallCap indices gained 0.48 per cent and 0.76 per cent, respectively
 "Stock Market Special Session Highlights: Sensex, Nifty end flat; Small, MidCap indices gain up to 1%")
Scramble for ERP licence even as doubts remain on the market size
About a dozen players dive into the fray
 "Scramble for ERP licence even as doubts remain on the market size")
Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%
The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense
 "Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%")
JSW Steel stock falls 2% as profit plunges 65% in Q4
JSW Steel's consolidated net profit dropped 64.5 per cent to Rs 1,299 crore, from Rs 3,664 crore in the previous year. Sequentially, the profit fell 46 per cent, from Rs 2,415 crore
 "JSW Steel stock falls 2% as profit plunges 65% in Q4")
Nestle India up 3% as shareholders reject high royalty payment to parent Co
The motion proposed to increase the royalty, paid to its parent, to 5.25 per cent of net sales, net of taxes, from 4.5 per cent at present
 "Nestle India up 3% as shareholders reject high royalty payment to parent Co")
Amber Enterprises stock gains 1% after Q4 net rises 9%
Amber Enterprises stock update: The company's Q4 consolidated net profit grew 9.1 per cent YoY to Rs 108 crore, while revenue rose 7.1 per cent to Rs 3,003 crore in the March 2024 quarter.
 "Amber Enterprises stock gains 1% after Q4 net rises 9%")
Bharat Dynamics zooms 22% in 3 days; Board to announce Q4 results on May 30
Bharat Dynamics stock price: Over the past one year, Bharat Dynamics stock price has zoomed 116 per cent on the BSE
 "Bharat Dynamics zooms 22% in 3 days; Board to announce Q4 results on May 30")
Shipping Corporation of India share falls 4% on weak Q4 performance
Shipping Corporation of India's profit dropped 19 per cent to Rs 307 crore in Q4FY24, from 380 crore in Q4FY23
 "Shipping Corporation of India share falls 4% on weak Q4 performance")
Astral shares crack 5% on sluggish Q4 show; PAT, margins take beating
On Friday, Astral, a manufacturer of PVC pipes and plastic products, posted a decline of 11.7 per cent year-on-year (YoY) in its net profits
 "Astral shares crack 5% on sluggish Q4 show; PAT, margins take beating")
Delhivery down 3% as Co slips into red in Q4 after reporting profit in Q3
During Q4FY24, Delhivery posted a loss of Rs 68.5 crore as against a profit of Rs 11.7 crore in the December quarter (Q3FY24)
 "Delhivery down 3% as Co slips into red in Q4 after reporting profit in Q3")
Pfizer share surges 3% on strong Q4 performance
The surge came after the company announced its fourth quarter results of financial year 2024 (Q4FY24) results
 "Pfizer share surges 3% on strong Q4 performance")
Kirloskar Ferrous stock hits lower circuit after Q4 net plunges 81%
Kirloskar Ferrous Industries stock update: The counter saw trades of around 2.07 lakh shares as against the 2-week average volume of around 83,000 shares on the BSE.
 "Kirloskar Ferrous stock hits lower circuit after Q4 net plunges 81%")