Page 1062 - Markets News
This PSU bank stock has hit record high in weak market; zoomed 121% in 1 yr
Indian Bank share price hit a record high of Rs 596.70, up 3.5% on the BSE after the S&P Global Ratings revised its rating outlook to Positive from Stable
 "This PSU bank stock has hit record high in weak market; zoomed 121% in 1 yr")
Indegene slips 4% as net profit drops sequentially in March quarter
The company's net profit surged by 94.6 per cent to Rs 94.9 crore in the quarter ending March 31, 2024, compared to Rs 48.8 crore in the corresponding period last year. Whereas the profits fell
 "Indegene slips 4% as net profit drops sequentially in March quarter")
KFin Tech slumps 7% after block deals; General Atlantic likely seller
KFin Tech share: Reports said global private equity firm General Atlantic Singapore Fund was looking to sell 4.1 per cent stake in KFin Technologies
 "KFin Tech slumps 7% after block deals; General Atlantic likely seller")
Nomura upgrades Eureka Forbes to 'Buy', sees 23% upside on cheap valuation
Margins, too, analysts at Nomura added, have multiple tailwinds from higher spare/ service revenue, direct-to-consumer sales, and operating leverage, which will drive expansion
 "Nomura upgrades Eureka Forbes to 'Buy', sees 23% upside on cheap valuation")
Bata India share price rises 3% as management sees demand revival ahead
Bata stock's ascent followed optimistic remarks from management regarding the potential for demand recovery in the near future
 "Bata India share price rises 3% as management sees demand revival ahead")
Emami zooms 19%, hits over 2-year high on healthy business outlook
The management expects core brands to deliver a healthy all-round growth going forward, aided by recovery in rural areas, a strong summer and forecast of a good monsoon.
 "Emami zooms 19%, hits over 2-year high on healthy business outlook")
Alkem Labs slumps 7% post Q4 show; brokerages see downside up to 15%
On Wednesday, Alkem Laboratories reported a 313.9 per cent surge in its consolidated net profit, reaching Rs 293.5 crore in the quarter ending March 31, 2024
 "Alkem Labs slumps 7% post Q4 show; brokerages see downside up to 15%")
Decent debut: Awfis Space Solutions lists at 14% premium over issue price
The stock listed at Rs 435, a 14 per cent premium over its issue price of Rs 383 per share on the National Stock Exchange in an otherwise weak market.
 "Decent debut: Awfis Space Solutions lists at 14% premium over issue price")
Edelweiss tanks 17% as RBI imposes biz restrictions on EARCL, ECL Finance
These directions shall be reviewed by RBI upon satisfactory remediation of their observations
 "Edelweiss tanks 17% as RBI imposes biz restrictions on EARCL, ECL Finance")
IRB Infra block deal: Stock sinks 13% after over 300 mn shares change hands
IRB Infra stock news: Reports suggest IRB Holding Pvt Ltd, and Deepali Virendra Mhaiskar could be likely sellers
Indian govt bond yields likely to inch further up mirroring US peers
India's benchmark 10-year yield is likely to move in a 7.00 per cent -7.04 per cent range, following its previous close of 7.0129 per cent, a trader with a state-run bank said
 "Indian govt bond yields likely to inch further up mirroring US peers")
Aimtron Electronics IPO opens today; check price bands, lot size, GMP
Aimtron Electronics initial public offering (IPO) is set to open for subscription on Thursday, May 30, 2024. This is a book-built issue aiming to raise Rs 87.02 crores
 "Aimtron Electronics IPO opens today; check price bands, lot size, GMP")
Global rate anxiety sparks slump in Asian stocks, bonds
The latest halt in the global risk rally has come on the back of data pointing to lingering inflationary pressures across major economies
 "Global rate anxiety sparks slump in Asian stocks, bonds")
Buy Muthoot Finance, Sell Titan June futures, recommends Religare Broking
Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes
 "Buy Muthoot Finance, Sell Titan June futures, recommends Religare Broking")
Crude oil: 4 factors keep outlook bullish for WTI; check near-term strategy
Crude oil price outlook: WTI short term resistance is at $82 for the day, while short term trading range should be in range of $77-$82
 "Crude oil: 4 factors keep outlook bullish for WTI; check near-term strategy")
Indian inflows set to pause following China's bond index playbook
Foreign investors are increasingly showing a preference for India's sovereign debt over China's to reap gains from the nation's faster economic growth
Bata India, Lemon Tree Hotels, Nocil among seven stocks to watch on May 30
Stocks to watch on May 30: Lemon Tree Hotels profit surged by 42.3 per cent YoY to Rs 84 crore in comparison to Rs 59 crore
 "Bata India, Lemon Tree Hotels, Nocil among seven stocks to watch on May 30")
India Inc plans fundraising via QIPs as Lok Sabha election nears end
Optimism around poll outcome, capex seen, attractive valuations seen as triggers
 "India Inc plans fundraising via QIPs as Lok Sabha election nears end")
Trade set-up for May 30: F&O expiry, weak global cues, Awfis debut in focus
All you need to know before the market opens on Thursday: Global markets are once again feeling the US rate cut jitters; market experts back home see 22,800 as immediate hurdle for the Nifty now.
 "Trade set-up for May 30: F&O expiry, weak global cues, Awfis debut in focus")
Higher US bond yields push Yen to 4-week low ahead of key inflation data
The Aussie dollar was down 0.47% at $0.6618, even after Australian consumer price inflation unexpectedly rose to a five-month high in April
 "Higher US bond yields push Yen to 4-week low ahead of key inflation data")