Page 1078 - Markets News
With mercury rising, analysts foresee summer surge for consumer durables
IMD forecasts that most parts of the country will experience hotter-than-average temperatures from March through May, leading to an uptick in the frequency of heatwave days
 "With mercury rising, analysts foresee summer surge for consumer durables")
FPIs invest over Rs 38K cr in equities in Mar so far amid positive outlook
With this, foreign portfolio investors' (FPIs) investment has turned positive to the tune of Rs 13,893 crore in equities so far in 2024 and Rs 55,480 crore in the debt market
 "FPIs invest over Rs 38K cr in equities in Mar so far amid positive outlook")
Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers
The market valuation of TCS tanked Rs 1,10,134.58 crore to Rs 14,15,793.83 crore, the most among the top 10 firms
 "Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers")
Global cues, FII activity to guide stock markets next week, say Analysts
Movement in global oil benchmark Brent crude and rupee-dollar trend would also be watched by investors
 "Global cues, FII activity to guide stock markets next week, say Analysts")
Bitcoin 'halving' spurs exodus of old United States mining computers abroad
Bitcoin has surged about 50% this year to around $63,500, though it's down from a record high of $73,798 reached on March 14
 "Bitcoin 'halving' spurs exodus of old United States mining computers abroad")
Norges Fund Investment Bank of Norway supports ICICI Securities delisting
The move of the Norway-based Norges Bank provided a shot in the arm of ICICI Securities' plan to delist itself as it needs two-thirds of the public shareholders' support to pass the resolution
 "Norges Fund Investment Bank of Norway supports ICICI Securities delisting")
Only 8 Sensex companies disclosed political donations in five years
Bharti Airtel stood out as the only Sensex company that consistently made political contributions each year, in the past five financial years
 "Only 8 Sensex companies disclosed political donations in five years")
Exit the dragon: MSCI EM ex-China assets top $11 bn as pessimism grows
India stands to benefit most from increasing flows into index excluding China
 "Exit the dragon: MSCI EM ex-China assets top $11 bn as pessimism grows")
IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall
FY25 outlook muted for the sector, say analysts
 "IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall")
5 reasons why the fall in mid, smallcaps in 2024 is not similar to 2018
The market correction in 2018, analysts believe, was led by several risk events coming together in the same year, which triggered the market bear phase
 "5 reasons why the fall in mid, smallcaps in 2024 is not similar to 2018")
Smallcap rout dents equity trading volumes amid mega block deals
The daily cash trading volume has shrunk to $10 billion from a record $19 billion in early February, with recent sessions account for the bulk of the decline, data compiled by Bloomberg show
 "Smallcap rout dents equity trading volumes amid mega block deals")
Sensex gains 191 pts, Nifty nears 22,100; realty, auto shine, IT drops
Stock market highlights on March 22: In the broader markets, too, positive sentiment lifted the BSE MidCap index 0.38 per cent and the BSE SmallCap index 1.06 per cent
 "Sensex gains 191 pts, Nifty nears 22,100; realty, auto shine, IT drops")
DMart hits new 52-wk high, up 7% in 3 days after CLSA initiates buy rating
The brokerage believes investor concerns around competition from quick commerce and vertical-based players are valid but still factored in the stock price
 "DMart hits new 52-wk high, up 7% in 3 days after CLSA initiates buy rating")
Promoter buying lifts this cement stock to 52-week high; do you own it?
Shares of Star Cement advanced 5.3 per cent to its fresh 52-week high on the BSE in Friday's intraday trade. Since February 12, various promoter entities have been acquiring stake via open market
 "Promoter buying lifts this cement stock to 52-week high; do you own it?")
JSW Holdings surges 10% on bulk deal of 59k shares worth Rs 6,253 cr
The share price of JSW Holdings, the investment arm of JSW Group saw a sharp jump of 10.2 per cent at Rs 6,876 in Friday's intraday trade after the company sold its shares through a bulk deal on Thurs
 "JSW Holdings surges 10% on bulk deal of 59k shares worth Rs 6,253 cr")
Newly listed automation stk at 10% upper circuit; up 110% over issue price
The company had a strong order book position of Rs 3,242 crore at the end of December quarter (Q3FY24)
 "Newly listed automation stk at 10% upper circuit; up 110% over issue price")
Skipper jumps 22% in two days as promoter entity Ventex ups stake to 5.02%
The rally comes after Skipper promoter group entity Ventex Trade Private Ltd raised its stake in the company from 4.86 per cent to 5.02 per cent over March 19-20
 "Skipper jumps 22% in two days as promoter entity Ventex ups stake to 5.02%")
Shares of Prestige zoom 5% on new land purchase worth Rs 468 cr
Share of realty estate group Prestige soared 5 per cent on Friday's intraday trade. The company's shares jumped 5.41 per cent on National Stock Exchange as against 0.05 per cent dip in Nifty50
 "Shares of Prestige zoom 5% on new land purchase worth Rs 468 cr")
Hi-Tech Gears hits new high; surges 26% in 2 days on healthy outlook
In the past six weeks, the stock of Hi-Tech Gears has soared 56 per cent; while, thus far in the financial year 2024, it has zoomed 159 per cent
 "Hi-Tech Gears hits new high; surges 26% in 2 days on healthy outlook")
Amber rallies 6% on inking JV pact with Resojet to make washing machines
The JV is being set up to manufacture fully automatic top and front load washing machines; Amber will invest Rs 35 crore in Resojet to acquire 50% in the JV
 "Amber rallies 6% on inking JV pact with Resojet to make washing machines")