Page 1066 - Markets News
Just Dial zooms 13%, hits 52-week high on healthy growth in Q4 profits
Just Dial Ltd on Wednesday reported a 38.44 per cent rise in consolidated net profit to Rs 115.74 crore in the fourth quarter ended March 31, 2024
 "Just Dial zooms 13%, hits 52-week high on healthy growth in Q4 profits")
VST Ind rallies 10% in 4 days as Radhakishan Damani buys 1.5% stake
HDFC Mutual Fund offloaded 330,811 shares, representing 2.1 per cent stake, of VST Industries for Rs 122 crore in two tranches
 "VST Ind rallies 10% in 4 days as Radhakishan Damani buys 1.5% stake")
Vodafone Idea, Indus Towers: Why IIFL Sec is bullish on telecom sector
IIFL Securities has also upgraded Indus Towers stock to 'Buy' with a target of Rs 379, and has raised Bharti Airtel stock's target price to Rs 1,379
 "Vodafone Idea, Indus Towers: Why IIFL Sec is bullish on telecom sector")
Power Grid Corporation stock surges 5% on bagging 3 transmission projects
Further, on Wednesday, Power Grid board approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in FY25.
 "Power Grid Corporation stock surges 5% on bagging 3 transmission projects")
Stocks to Watch: Infy, Bajaj Auto, Voda Idea, ICICI Lombard, Tata Comm, Zee
Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.
 "Stocks to Watch: Infy, Bajaj Auto, Voda Idea, ICICI Lombard, Tata Comm, Zee")
Nifty IT index likely to rebound, Nifty Auto may weaken; suggest charts
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is quoting close to its support range of 33,400 - 33,300, with key momentum oscillators in oversold zone.
 "Nifty IT index likely to rebound, Nifty Auto may weaken; suggest charts")
Stocks to Buy: Here's why HDFC Securities recommends BDL, Escorts
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has reached crucial support zone of 22,000 - 21,000 on the charts.
 "Stocks to Buy: Here's why HDFC Securities recommends BDL, Escorts")
Sebi orders to attach bank, demat account of Anugrah to recover dues
Sebi found that Anugrah Stock and Broking (Broker) had misused credit clients' funds to meet the obligations of debit balance clients
 "Sebi orders to attach bank, demat account of Anugrah to recover dues")
Asian stock markets slide as Federal Reserve dithers on rate cuts
The MSCI Asia Pacific Index fell as much as 0.4% Wednesday before paring losses, with consumer discretionary and industrials among the biggest drags
 "Asian stock markets slide as Federal Reserve dithers on rate cuts")
Modest rise in net SIP inflows in FY24 owing to jump in redemptions by 54%
Net SIP inflows rise 4.9% even as gross collections rise 28%
 "Modest rise in net SIP inflows in FY24 owing to jump in redemptions by 54%")
Foreign investors retreating from emerging markets in Asia, shows data
Overseas investors have sold nearly $2.2 billion worth of equities in the region's emerging markets in April, on a net basis, according to data compiled by Bloomberg that excludes China
 "Foreign investors retreating from emerging markets in Asia, shows data")
West Asia conflict, foreign fund outflows drag mkts lower from record peaks
Hotter-than-expected US inflation data fuelled concerns that the Federal Reserve will hold back on delivering the cuts to interest rates
 "West Asia conflict, foreign fund outflows drag mkts lower from record peaks")
NSE to stop issuance of new futures and options contracts for ZEE
On April 16, the NSE said contracts for new expiry months for Zee Entertainment will not be issued once the existing contract months expire
 "NSE to stop issuance of new futures and options contracts for ZEE")
Infosys Q4FY24 result preview: Low single-digit topline growth expected
According to brokerages, Infosys is likely to report a revenue increase of 2-4 per cent year-on-year between Rs 38,945 crore to Rs 38,432 crore
 "Infosys Q4FY24 result preview: Low single-digit topline growth expected")
Should you subscribe to Vodafone Idea FPO? Analysts weigh in
Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front
 "Should you subscribe to Vodafone Idea FPO? Analysts weigh in")
Patanjali Foods shares climb 7% after wrong data indicated GQG hiking stake
The stock jumped 5.41 per cent to settle at Rs 1,407.70 on the BSE. During the day, it climbed 6.63 per cent to Rs 1,424.10
 "Patanjali Foods shares climb 7% after wrong data indicated GQG hiking stake")
Small finance bank stocks are on an uptrend. Does the rally have more legs?
Analysts believe that small finance banks have a much bigger role to play in the overall banking sector
 "Small finance bank stocks are on an uptrend. Does the rally have more legs?")
Zee removed from F&O; FPIs up holdings in 7 Adani group companies
Adani Ports & SEZ has seen the highest increase at 26 basis points (bps) to 14.98 per cent followed by Adani Wilmar and Adani Green at 12 bps each
 "Zee removed from F&O; FPIs up holdings in 7 Adani group companies")
Equity investors' wealth tumbles by Rs 7.93 trillion in three days
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days
 "Equity investors' wealth tumbles by Rs 7.93 trillion in three days")
Stock Market Highlights: Sensex ends 456 points lower after a choppy session
Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers
 "Stock Market Highlights: Sensex ends 456 points lower after a choppy session")