Page 1070 - Markets News
Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons
Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market
 "Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons")
Bharti Hexacom IPO fully subscribed on the second day of the issue
The price band for the IPO is Rs 542-570 per share. At the top end, the IPO size is Rs 4,275 crore, making it the largest issue in almost a year
 "Bharti Hexacom IPO fully subscribed on the second day of the issue")
Reliance Securities receives Sebi's approval for change in control
Reliance Securities has also received approvals from the NSE, BSE, MCX, and NCDEX for transferring shares owned by existing promoter Reliance Capital to Hinduja-led Aasia Enterprises
 "Reliance Securities receives Sebi's approval for change in control")
HDFC Bank reports over 7% QoQ growth in deposits in Q4FY24; stock zooms 3%
The bank said its total deposits stood at Rs 23.8 trillion at the end of the March quarter
 "HDFC Bank reports over 7% QoQ growth in deposits in Q4FY24; stock zooms 3%")
Stock Market Highlights, April 4: Sensex ends 351 pts higher, Nifty tops 22,500; HDFC Bank gains 3%, DMart 4%
Stock market Update on Thursday, April 04: In the broader markets, the BSE MidCap and SmallCap indices ended mixed with the former down 0.1 per cent but the latter up 0.56 per cent
 "Stock Market Highlights, April 4: Sensex ends 351 pts higher, Nifty tops 22,500; HDFC Bank gains 3%, DMart 4%")
This smallcap heavy electrical equipment stock has zoomed 113% in 5 months
GE Power India in an exchange filing on Thursday said it bagged contracts worth Rs 775 crore from Jaiprakash Power Ventures.
 "This smallcap heavy electrical equipment stock has zoomed 113% in 5 months")
Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop
Its shares fell 4.5 per cent after the news, and were on track for their worst day since May 2023. The stock was also the top drag on the FMCG index, which slipped 0.2 per cent
 "Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop")
ONGC, Oil India dip 4% on profit booking after hike in windfall tax
Shares of ONGC dipped 4 per cent to Rs 265.40, while Oil India was down 3.5 per cent to Rs 613 on the BSE in intra-day trade
 "ONGC, Oil India dip 4% on profit booking after hike in windfall tax")
OMCs in focus: HPCL, IOCL fall up to 3% as Brent crude nears $90/bbl
Brent crude price has surged nearly 10 per cent over the past one month, and are hovering near their highest level since October 2023
 "OMCs in focus: HPCL, IOCL fall up to 3% as Brent crude nears $90/bbl")
HAL, BEL, Data Patterns: Why is Jefferies bullish on these defence stocks?
Analysts at Jefferies see up to 32% further upside on Data Patterns stock, and up to 18% and 10% for BEL and HAL; owing to global geo-political tensions and India's focus on self-reliance.
 "HAL, BEL, Data Patterns: Why is Jefferies bullish on these defence stocks?")
Stock of AU Small Finance Bank soars over 5% on strong loan book, deposits
On Wednesday, the AU Bank reported its unaudited financials, the bank's gross advances grew by 25 per cent year-on-year (YoY) in the March quarter to Rs 73,999 crore
 "Stock of AU Small Finance Bank soars over 5% on strong loan book, deposits")
Suryoday Small Finance Bank zooms 14% on healthy deposits and disbursements
The lender's gross advances stood at Rs 8,650 crore up 14 per cent quarter-on-quarter (q-o-q) and 41 per cent compared to the same period last year
 "Suryoday Small Finance Bank zooms 14% on healthy deposits and disbursements")
Power stocks fire up; Adani, NTPC, JSW, ABB, Siemens hit new highs
The S&P BSE Power power index hit a new high of 7,112.42 in the intraday trade. Thus far in the calendar year, the index has rallied 22 per cent
 "Power stocks fire up; Adani, NTPC, JSW, ABB, Siemens hit new highs")
KEC International soars 9%; hits new high on winning Rs 816 cr new orders
With these new orders, the company's total order intake for FY24 rose to Rs 18,102 crore.
 "KEC International soars 9%; hits new high on winning Rs 816 cr new orders")
Stocks to Watch, April 4: Voda Idea, OMCs, Suryoday SFB, DMart, KEC, PFC
Stocks to Watch on Thursday, April 4: State-owned Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth
 "Stocks to Watch, April 4: Voda Idea, OMCs, Suryoday SFB, DMart, KEC, PFC")
Nifty IT, Auto indices present divergent trading opportunites, show charts
According to Ravi Nathani, an independent technical analyst, one can consider to buy the Nifty IT index on dips, whereas the Auto index can be short closer to the key resistance level.
 "Nifty IT, Auto indices present divergent trading opportunites, show charts")
Brokerages expect a gradual recovery in advertising revenues for Sun TV
Brokerages are positive on the stock given its attractive valuations and expect a re-rating if there is value unlocking for its IPL franchise
 "Brokerages expect a gradual recovery in advertising revenues for Sun TV")
Fundraise via IPOs to hit Rs 1 trillion mark in FY25: Report
The optimism as regards the higher mop-up via the IPO route in FY25, the note said, is mainly on account of buoyancy in the secondary markets
 "Fundraise via IPOs to hit Rs 1 trillion mark in FY25: Report")
BSE Midcap index hits new high; analysts see more upside in months ahead
The S&P BSE MidCap Index traded higher for the third straight day, rising 3.5 per cent during the period
 "BSE Midcap index hits new high; analysts see more upside in months ahead")
SRM Contractors freezes at 5% upper circuit; rises 12% against issue price
The stock of the civil construction company got listed at Rs 225, a 7 per cent premium over its issue price on the BSE