Page 1063 - Markets News
Supreme Industries soars 10%, nears record high on healthy outlook
Supreme Industries stock update: In order to meet the growth in demand for piping products the company has initiated brownfield expansions and setting-up of new plants.
 "Supreme Industries soars 10%, nears record high on healthy outlook")
Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat
The fall came as investors booked profit after the company posted strong March quarter performance
 "Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat")
YES Bank shares zoom 9% as profit jumps 123%, asset quality improves
YES Bank's profit jumped over 123 per cent to Rs 452 crore in Q4FY24, as opposed to Rs 202.43 crore reported in Q4 FY23
 "YES Bank shares zoom 9% as profit jumps 123%, asset quality improves")
Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%
At 10:00 AM, the stock was the top loser on 30-share Sensex. By comparison, S&P BSE Sensex was up 0.37 per cent at 74,002.66 levels
 "Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%")
IREDA surges 13% on heavy volumes after govt gives 'navratna' status
In the past six trading days, post March quarter (Q4FY24) results, shares of IREDA have rallied 19 per cent
 "IREDA surges 13% on heavy volumes after govt gives 'navratna' status")
Apollo Hospitals slips 8% on stake sale in AHL, Keimed merger
Apollo Hospitals Enterprises stock update: The stock hit its lowest level since January 10, 2024
 "Apollo Hospitals slips 8% on stake sale in AHL, Keimed merger")
BSE tanks 19% on Sebi's diktat on turnover charges on option volume
BSE stock update: BSE stock nosedives on the NSE after Sebi directs the stock exchange to pay a regulatory fee on the 'notional value' of annual turnover.
 "BSE tanks 19% on Sebi's diktat on turnover charges on option volume")
Indegene IPO to open on May 6; check price band, GMP, other details here
The IPO comprises a fresh issue of 16.8 million shares, valued at Rs 760 crore, alongside an offer for sale (OFS) of 23.9 million shares, worth Rs 1,081.76 crore
 "Indegene IPO to open on May 6; check price band, GMP, other details here")
Asia shares rise as Fed rate interest decision looms large; yen crumbles
Oil prices ticked down on expectations that higher-for-longer US interest rates would dampen demand, while news of a potential Gaza ceasefire eased fears of supply constraints
 "Asia shares rise as Fed rate interest decision looms large; yen crumbles")
Indian bond yields likely to dip at start of week, focus on Fed decision
The benchmark 10-year Indian yield is likely to trade in a 7.16 per cent-7.21 per cent range, following its previous close at 7.1870 per cent, a trader with a primary dealership said
 "Indian bond yields likely to dip at start of week, focus on Fed decision")
Market outlook: Nifty exhibits bearish trend, adopt 'sell on rise' strategy
Market trading strategy: A suitable stop-loss level for the Nifty50 index could be placed at 22,675, providing a buffer against potential losses
 "Market outlook: Nifty exhibits bearish trend, adopt 'sell on rise' strategy")
Stock to Watch, April 29: ICICI Bk, HCL Tech, YES Bk, Ircon, Maruti, Cipla
Stocks to Watch on Monday, April 29,2024: The net profit of private lender ICICI Bank rose by 17.4 per cent to Rs 10,708 crore in the fourth quarter of financial year 2023-24 (Q4FY24)
 "Stock to Watch, April 29: ICICI Bk, HCL Tech, YES Bk, Ircon, Maruti, Cipla")
Gift Nifty hints gap-up open, check key levels; Q4 nos, FII flows in focus
Stock market preview Monday, April 29: Gains in global peers and healthy Q4 earnings so far likely to help Sensex, Nifty start the holiday-shortened week on a positive note. UltraTech Cement Q4 today.
 "Gift Nifty hints gap-up open, check key levels; Q4 nos, FII flows in focus")
CII-IGBC expects surge in private capex, FDI after Lok Sabha polls
It says top priority for new govt should be to strike balance between economic growth and environmental sustainability
 "CII-IGBC expects surge in private capex, FDI after Lok Sabha polls")
Monetary policy expectations impact stocks more than rate moves: RBI paper
According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary policy too impact the stock markets
 "Monetary policy expectations impact stocks more than rate moves: RBI paper")
Street Signs: SFBs dive into universal banking waters, Sebi's blank canvas
SFBs will remain in focus in Monday's trade after the RBI issued guidelines for their conversion into universal banks
 "Street Signs: SFBs dive into universal banking waters, Sebi's blank canvas")
Fund houses' ticker-tape parade of fiscal success on the D-Street
Robust performance buoyed by soaring AUM and stellar equity performance
 "Fund houses' ticker-tape parade of fiscal success on the D-Street")
Capital cover drive: India's $100 billion knock evens score with China
Its capitalisation leapfrog surpasses South Korea and Taiwan, establishing dominance in EM pitch
 "Capital cover drive: India's $100 billion knock evens score with China")
Mcap of 6 most valued firms rise Rs 1.30 trn; SBI, ICICI Bank top gainers
The mcap of Tata Consultancy Services went lower by Rs 5,282.41 crore to Rs 13,79,522.50 crore, and that of Hindustan Unilever Limited diminished by Rs 2,525.81 crore to Rs 5,21,961.70 crore
 "Mcap of 6 most valued firms rise Rs 1.30 trn; SBI, ICICI Bank top gainers")
Corporate earnings, Fed interest rate decision to drive markets: Analysts
Domestic equity markets would remain closed on Wednesday on account of Maharashtra Day
 "Corporate earnings, Fed interest rate decision to drive markets: Analysts")