Page 1055 - Markets News
Early Tesla bulls giving up on stock, as doubt on future growth loom
The company's shares are down nearly 30 per cent this year and have fallen by more than 50 per cent since their 2021 high
 "Early Tesla bulls giving up on stock, as doubt on future growth loom")
BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7%
Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.
 "BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7%")
Hindalco slumps 6% on deferring Novelis IPO amid valuation concerns
Novelis Inc, Hindalco Industries' US subsidiary, postponed its initial public offering (IPO) for the time being due to market conditions, the company said in an exchange filing today
 "Hindalco slumps 6% on deferring Novelis IPO amid valuation concerns")
NLC India shares slip 5% on plans to raise $600 mn foreign currency loan
NLC India's board of directors are set to meet on June 10, 2024 to consider and approve foreign currency loan through external commercial borrowings (ECB) up to $600 Million
 "NLC India shares slip 5% on plans to raise $600 mn foreign currency loan")
BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk
BEML, Exide Industries, HUDCO, Godrej Properties and Prestige Estates could fall up to 19 per cent from present levels, technical charts suggest.
 "BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk")
Govt bond yields little changed, market jittery post election verdict
The yield saw its biggest single-session climb since Oct. 6 on Tuesday
 "Govt bond yields little changed, market jittery post election verdict")
This dairy products stock has zoomed 34% in 3 days on TDP's landslide win
Heritage Foods hit a record high of Rs 538, as they rallied 18 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes.
 "This dairy products stock has zoomed 34% in 3 days on TDP's landslide win")
Rupee to rely on RBI's help amid foreign outflows post PM Modi's narrow win
Non-deliverable forwards indicate the rupee will open largely unchanged from 83.53 in the previous session
 "Rupee to rely on RBI's help amid foreign outflows post PM Modi's narrow win")
Foreign outflows from markets hit record after weaker Modi mandate
This was the worst session since March 2020 for both the blue-chip indexes
 "Foreign outflows from markets hit record after weaker Modi mandate")
Gold prices fall despite softer US yields, buy the dips; target prices here
Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent
 "Gold prices fall despite softer US yields, buy the dips; target prices here")
Silver slides 3% on June 04; watch out for these support levels: Sharekhan
Silver has got a strong support at $29 (Rs 87,800), followed by $28.35 (Rs 86,000), says Praveen Singh, AVP - Fundamental Currencies and Commodities at Sharekhan by BNP Paribas.
 "Silver slides 3% on June 04; watch out for these support levels: Sharekhan")
Bond investors worried as weak Modi victory fans fiscal populism fears
Fiscal discipline has been a hallmark of Modi's decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit
 "Bond investors worried as weak Modi victory fans fiscal populism fears")
IIFL Fin, LTIM, Deep Industries among seven stocks to watch on June
Stocks to watch on June 05: Deep Industries secured a letter of award from Oil and Natural Gas Corporation (ONGC), Kakinada, for hiring DPDU (GDU) for processing gas for 10 months
 "IIFL Fin, LTIM, Deep Industries among seven stocks to watch on June")
Stocks to watch on June 05: Ztech India, SBI, GPT Infra, TaMo, Hindalco
Stocks to watch on June 05: Ztech India will list on NSE Emerge today. Its Rs 37.3 crore IPO, entirely fresh issue of 33.91 lakh shares was subscribed 371 times by investors
 "Stocks to watch on June 05: Ztech India, SBI, GPT Infra, TaMo, Hindalco")
Mkt outlook Jun 05: Short or longer fall, experts weigh in; FIIs up shorts
All you need to know before the market opens on Wednesday, June 05: Gift Nifty quotes around 22,050 levels; FIIs increase index short positions to 87.25%; Global market trade on a mixed note.
 "Mkt outlook Jun 05: Short or longer fall, experts weigh in; FIIs up shorts")
PNB to float Canara HSBC Life Insurance IPO, will divest 10% stake
HSBC and public sector Canara Bank are promoters of the life insurance company holding 26 per cent and 51 per cent, respectively
 "PNB to float Canara HSBC Life Insurance IPO, will divest 10% stake")
Lok Sabha election results: Trends send options market in a tizzy
Contract prices see wild swings as NDA's narrow majority fuels concerns
 "Lok Sabha election results: Trends send options market in a tizzy")
Lok Sabha poll results: Portfolio shuffle may see capex-to-defensive switch
The 200 Day Moving Average -- a benchmark for a healthy bull market is also close enough to that level. A drop below 21,000 could have long-term bearish consequences.
 "Lok Sabha poll results: Portfolio shuffle may see capex-to-defensive switch")
Marketquake: PSU, Adani stocks feel verdict tremors; Nifty PSE tanks 16.4%
Rs 3.6 trn shaved off from Adani Group mcap
 "Marketquake: PSU, Adani stocks feel verdict tremors; Nifty PSE tanks 16.4%")
New election mantra for markets: Buy on exit polls, sell on results
Markets have outperformed on exit poll days, with limited gains on results