Page 1057 - Markets News
Crude Oil prices likely to trade higher; WTI Crude may test $80-mark
Mohammed Imran, research analyst at Sharekhan BNP Paribas, expects WTI Crude oil prices to broadly trade with upward bias in the range of $77-$80 per barrel.
 "Crude Oil prices likely to trade higher; WTI Crude may test $80-mark")
Energy Mission Machineries IPO opens today, May 9: All you need to know
The price band for the IPO issue is set at Rs 131 to Rs 138 per share, with a minimum lot size of 1,000 shares
 "Energy Mission Machineries IPO opens today, May 9: All you need to know")
Tata Power, L&T, BoB, VI, and TVS Motor among six stocks to track on May 9
Stocks to watch on Thursday, May 9: inancial services company Citigroup on Wednesday sold shares of telecom company Vodafone Idea for over Rs 233 crore through an open market transaction
 "Tata Power, L&T, BoB, VI, and TVS Motor among six stocks to track on May 9")
Stocks to watch on May 9: HG Infra, Piramal Ent, BSE, NBCC, SKF India
Stocks to watch on May 9, 2024: HG Infra reported its Q4 earnings with a net profit increase of 11.2 per cent at Rs 190 crore compared to Rs 170.9 crore in the previous year
 "Stocks to watch on May 9: HG Infra, Piramal Ent, BSE, NBCC, SKF India")
JPMorgan's inclusion of Indian bonds into index to aid private credit mkt
Once the change takes effect on June 28, it will be easier to compare the performance of an Indian credit fund with an investment in Singapore, Korea or the US, said the head of BPEA Credit
 "JPMorgan's inclusion of Indian bonds into index to aid private credit mkt")
Nifty bias to remain negative till it breaches 22,500, says Ajit Mishra
Nifty50 outlook: On the downside, the 21,850-22,150 zone is anticipated to provide support. Traders are advised to maintain caution
 "Nifty bias to remain negative till it breaches 22,500, says Ajit Mishra")
Power Grid, Jubilant FoodWorks, Divi's: Top 3 technical picks for May 9
In the current market scenario, a significant event is unfolding within Power Grid
 "Power Grid, Jubilant FoodWorks, Divi's: Top 3 technical picks for May 9")
Pre-market report: Nifty weekly expiry, PSBs, OMCs on investors radar today
All you need to know before the market opens on Thursday, May 09: Stock specific action likely to dominate trading sentiment today. Check key levels for the Nifty and Bank Nifty by market experts here
 "Pre-market report: Nifty weekly expiry, PSBs, OMCs on investors radar today")
India leads first Asia high-yield dollar bond sales rise in five years
Regional sales of such corporate notes, outside of Japan, touched $5.6 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data
 "India leads first Asia high-yield dollar bond sales rise in five years")
Nifty Auto signals downward trend on charts: Check key levels here
The Nifty Auto Index, currently priced at 22,458.65, is exhibiting a downward trend in the near term as per the charts
 "Nifty Auto signals downward trend on charts: Check key levels here")
New product launches, margins to drive gains for Godrej Consumer Products
GCPL is targeting high single-digit volume growth in FY25 and is looking to gain rural market share under 'Project Vistaara 2.0'
 "New product launches, margins to drive gains for Godrej Consumer Products")
Sebi extends settlement scheme period till Jun 10 in stock option cases
In January 2021, Sebi announced that 1,018 entities, allegedly involved in the manipulation of illiquid stock options, had availed the benefit of its one-time settlement scheme and in March 2023
 "Sebi extends settlement scheme period till Jun 10 in stock option cases")
Aadhar Housing Finance IPO Alert: An issue for risk takers, say experts
Aadhar Housing Finance IPO review: Aadhar Housing Finance aims to raise Rs 3,000 crore with a price band fixed at Rs 300 to Rs 315 per share
 "Aadhar Housing Finance IPO Alert: An issue for risk takers, say experts")
India Inc 'surprised' at PM Modi's Adani-Ambani jibe at Rahul Gandhi
Stock market participants say the PM was just pointing to a conspicuous silence regarding big businesses on the part of Opposition parties
 "India Inc 'surprised' at PM Modi's Adani-Ambani jibe at Rahul Gandhi")
Why are Indian stock markets falling, and is it a good time to buy?
Poll jitters, rich valuations to blame for market's muted May show
 "Why are Indian stock markets falling, and is it a good time to buy?")
Sebi bans Indus Weir Industries, directors from securities market for 3 yrs
Sebi found that IWIL had mobilised funds from a large set of investors under the guise of private placement and not followed the process of issuance of securities through public issue norms
FTX files new reorganisation plan, expects $14 bn-$16 bn for distribution
The company said the amended plan focuses on a series of settlements reached consensually with the key stakeholders including cases that are still subject to court approval
 "FTX files new reorganisation plan, expects $14 bn-$16 bn for distribution")
Gifted shares may escape capital gains tax if HC ruling sets precedent
The court held that a gift is a voluntary transfer and does not require consideration. Only when there is consideration received can profit or gain be measured
 "Gifted shares may escape capital gains tax if HC ruling sets precedent")
Dixon Tech, Indus Towers among top bets of insurance companies in April 2024
Indian life insurance industry, excluding LIC of India, Nuvama said, commands an impressive aggregate equity assets under management (AUM) of nearly Rs 4.5 trillion, Nuvama said
 "Dixon Tech, Indus Towers among top bets of insurance companies in April 2024")
Dr Reddy's Labs slumps 5% as brokerages give 'Reduce' call post Q4 earnings
The miss was driven by lower Revlimid sales, muted growth across markets and higher R&D spends. While the prevailing US tailwinds provide stability, absence of any meaningful approvals for Dr Reddy's
 "Dr Reddy's Labs slumps 5% as brokerages give 'Reduce' call post Q4 earnings")