Page 1063 - Markets News
Stocks to watch on May 30: Tata Steel, Awfis Space Solutions, Cummins India
Stocks to watch on May 30: Cummins India reported a 54.4 per cent spike YoY in net profit to Rs 538.9 crore in Q4FY24 on a consolidated basis compared to Rs 348.9 crore in the corresponding quarter
 "Stocks to watch on May 30: Tata Steel, Awfis Space Solutions, Cummins India")
Buy ideas for May 30: Metro Brands, Divi's Labs; check target prices
Since April 2024, Metro Brands has been trading within a consolidation range of approximately Rs 1,020 to Rs 1,120
 "Buy ideas for May 30: Metro Brands, Divi's Labs; check target prices")
Nifty Auto, Energy indicate bearish trend on charts: key levels here
The Nifty Auto Index is currently exhibiting a weak near-term trend, as evidenced by a consistent pattern of lower tops and bottoms on the charts. This downtrend suggests that the index is struggling
 "Nifty Auto, Energy indicate bearish trend on charts: key levels here")
Hindalco's shares rise by 3.5% after subsidiary Novelis firms up IPO plan
Hindalco, a leading aluminium and copper manufacturer, holds a 100 per cent stake in Novelis, which is in a similar business
 "Hindalco's shares rise by 3.5% after subsidiary Novelis firms up IPO plan")
Campus Activewear stock gains over 18% on improved Q4 margin showing
At the current price, the stock is trading at 52 times its FY26 consensus earnings estimates
 "Campus Activewear stock gains over 18% on improved Q4 margin showing")
After encouraging Q4, outlook positive for public sector insurer LIC
LIC has an industry leading position despite the aggressive catch up from private competitors
 "After encouraging Q4, outlook positive for public sector insurer LIC")
BJP failing to cross the halfway mark could trigger selloff, say brokerages
However, the most likely outcome is BJP crossing 300 seats, predict brokerages
 "BJP failing to cross the halfway mark could trigger selloff, say brokerages")
Expecting daily positive moves in stock market is unreasonable: Parekh
Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview
 "Expecting daily positive moves in stock market is unreasonable: Parekh")
Asia Opportunities V, General Atlantic sell 4.46% stake in PNB Housing
US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte Ltd offloaded its stake in PNB Housing Finance on the BSE
 "Asia Opportunities V, General Atlantic sell 4.46% stake in PNB Housing")
Global investors lift India's derivative holdings to record $101 bn
Foreign funds' open interest, or the number of contracts outstanding in value terms, reached 8.4 trillion rupees ($101 billion) on the National Stock Exchange Tuesday
 "Global investors lift India's derivative holdings to record $101 bn")
FPIs may lose exemption benefits as Sebi issues updated SOPs for custodians
The SOP also provides certain examples of the structures followed by regulators in other jurisdictions like the United States and Australia
 "FPIs may lose exemption benefits as Sebi issues updated SOPs for custodians")
Rupee falls 22 paise to close at 83.40 against US dollar on crude prices
Forex traders said dollar demand from importers and oil marketing companies (OMCs) also weighed on the rupee
 "Rupee falls 22 paise to close at 83.40 against US dollar on crude prices")
Sebi directs depository participants to take swift action against any fraud
WhatsApp groups from Hong Kong, Cambodia operated investment scams
 "Sebi directs depository participants to take swift action against any fraud")
Sebi penalises Samco for lapses, bond platforms formalise association
The market regulator said that while onboarding, clients were not given preference to select segments, due to which the client was required to open a trading account in all segments
Stock Market Highlights, May 29: Sensex falls for 4th day, tanks 668 pts; Nifty nears 22,700
Stock Market Highlights on May 29, 2024: In the broader markets, the BSE SmallCap index was the only outperformer, rising 0.23 per cent
 "Stock Market Highlights, May 29: Sensex falls for 4th day, tanks 668 pts; Nifty nears 22,700")
Lok Sabha elections, global cues: Reasons why Sensex fell 668 pts today
Stock market updates, May 29: According to a Bloomberg News survey, Indian stocks need PM Narendra Modi's party to win more than 303 seats in the general election to extend their rally
 "Lok Sabha elections, global cues: Reasons why Sensex fell 668 pts today")
Titagarh Rail soars 13% to hit new peak in weak market; up 81% in 11 weeks
A combined 7.9 million equity shares representing 5.9 per cent of total equity of the company have changed hands on the NSE and BSE till 02:49 PM.
 "Titagarh Rail soars 13% to hit new peak in weak market; up 81% in 11 weeks")
17 penny stocks zoomed up to 500x in the Narendra Modi era. Do you own any?
Jyoti Resins, Tanfac Industries, Olectra Greentech now trade above Rs 1,300 per share as against a single-digit stock price way back in May 2014, study shows.
 "17 penny stocks zoomed up to 500x in the Narendra Modi era. Do you own any?")
GNFC slips 3% on weak March quarter performance; check details here
GNFC's revenue from operations slipped a little over 7 per cent to Rs 2,110 crore in Q4FY24, as opposed to Rs 2,271 crore a year ago (Q4FY23)
 "GNFC slips 3% on weak March quarter performance; check details here")
This air conditioning stock has zoomed 53% in one week on strong earnings
Johnson Controls-Hitachi rallied 13 per cent on the BSE in Wednesday's intra-day trade, extending its past four days gain
 "This air conditioning stock has zoomed 53% in one week on strong earnings")