Page 1086 - Markets News
Mcap of 6 of top-10 most valued firms decline by Rs 1.73 trn; HDFC lags
The market valuation of HDFC Bank slumped Rs 60,678.26 crore to Rs 10,93,026.58 crore
 "Mcap of 6 of top-10 most valued firms decline by Rs 1.73 trn; HDFC lags")
Inflation data, Q4 earnings, trends to drive markets this week: Analysts
Besides, investors would also take cues from the trading activity of foreign investors, the movement of global oil benchmark Brent crude and the rupee-dollar trend
 "Inflation data, Q4 earnings, trends to drive markets this week: Analysts")
FPIs withdraw Rs 17,000 cr from equities in May over political uncertainty
This was way higher than a net withdrawal of Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields.
 "FPIs withdraw Rs 17,000 cr from equities in May over political uncertainty")
Brokerages cautious about stocks of city gas distribution companies
The gas sector faces competition from EVs that cut into demand for CNG vehicles
 "Brokerages cautious about stocks of city gas distribution companies")
Why is Chris Wood of Jefferies turning bullish on China equities?
Chris Wood has hiked exposure to the dragon nation in his Asia Pacific ex-Japan relative-return portfolio by two-and-a-half percentage points to maintain a 'Neutral' weighting
 "Why is Chris Wood of Jefferies turning bullish on China equities?")
Foreign portfolio investor selling tops $2 billion in May: NSDL data
The selling by FPIs has come at a time when traders are increasingly anxious about the margin of victory of the incumbent Narendra Modi government in the ongoing Lok Sabha elections
Domestic private equity funds share in total up 2.5 times in 4 years
Even average deal sizes of key domestic PE players like Kedara and CrysCapital doubled to $100 million in 2023 from $50 million in 2019
 "Domestic private equity funds share in total up 2.5 times in 4 years")
Spike in SIP churn as investors rebalance; registrations rose 48% in April
Account closures 42%; experts say rotation at play
 "Spike in SIP churn as investors rebalance; registrations rose 48% in April")
SBI stock may gain 22% to hit Rs 1,000-mark, rally may be gradual: Analysts
SBI stock price: On the bourses, SBI stock price hit a record high of Rs 839.6 apiece on the BSE, soon after the result announcement on May 9
 "SBI stock may gain 22% to hit Rs 1,000-mark, rally may be gradual: Analysts")
Should you buy gold-related stocks on Akshaya Tritiya? Check key levels
Titan, Kalyan Jewellers, PC Jeweller among others trade with a negative bias; these support levels can help you plan your trading strategy here.
 "Should you buy gold-related stocks on Akshaya Tritiya? Check key levels")
Gold prices on Akshaya Tritiya, May 10: Check key levels before investing
Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed
 "Gold prices on Akshaya Tritiya, May 10: Check key levels before investing")
Akshaya Tritiya, May 10: Silver prices up despite hawkish Fed; buy the dips
Weak job data bolstered the speculation that the weakening economy would force the US Federal Reserve to cut rates
 "Akshaya Tritiya, May 10: Silver prices up despite hawkish Fed; buy the dips")
Stock Market Highlights, May 10: Sensex snaps 3-day losing run, ends 260 pts up; Nifty reclaims 22K
Stock Market Wrap Friday, May 10: RIL, ITC and Airtel led the rally; broader indices - MidCap and SmallCap - outran the benchmark indices and finished 0.8 per cent higher.
 "Stock Market Highlights, May 10: Sensex snaps 3-day losing run, ends 260 pts up; Nifty reclaims 22K")
CAMS stock rises 6% on healthy Q4FY24 results; up 20% thus far in 2024
CAMS stock price: In the past six months, the stock has gained over 30 per cent
 "CAMS stock rises 6% on healthy Q4FY24 results; up 20% thus far in 2024")
Strides Pharma rises 3% after US FDA approves Hypocalcemia drug
The rise came after the company announced that the United States Food and Drug Administration (US FDA) has approved its Sevelamer carbonate tablets 800 mg
 "Strides Pharma rises 3% after US FDA approves Hypocalcemia drug")
Polycab India rallies 5%, at new high in a weak market on solid Q4 results
In Q4FY24, Polycab's revenue grew by 29 per cent year-on-year at Rs 5,592 crore on the back of strong volume growth in W&C business.
 "Polycab India rallies 5%, at new high in a weak market on solid Q4 results")
Vijaya Diagnostic extends rally, surges 20% in 3 days on healthy Q4 results
In past one year, the market price of Vijaya has been more than doubled or zoomed 116%, as against 17% rise in the S&P BSE Sensex.
 "Vijaya Diagnostic extends rally, surges 20% in 3 days on healthy Q4 results")
This Vedanta Group stock has zoomed 69% since April; m-cap tops Rs 2 trn
At 10:38 am; Hindustan Zinc was trading 7 per cent higher at Rs 488.70 with m-cap of Rs 2.07 trillion, the BSE data shows.
 "This Vedanta Group stock has zoomed 69% since April; m-cap tops Rs 2 trn")
CGCL zooms 8% on healthy AUM growth in Q4; profit surges in double digits
The recent uptick in the stock came after the NBFC reported a profit after tax (PAT) of Rs 82.6 crore for the Q4FY24
 "CGCL zooms 8% on healthy AUM growth in Q4; profit surges in double digits")
SRF gains 2% as street pins hopes on chemical business recovery in H2FY25
The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25
 "SRF gains 2% as street pins hopes on chemical business recovery in H2FY25")