Page 1098 - Markets News
Stocks to Watch, May 3: Dabur, Adani Ent, Ceat, IEX, Godrej Prop, MRF, CIL
Stocks to Watch on Friday, May 3, 2024: Titan, Britannia Industries, Adani Green Energy, Godrej Properties, and MRF will be among key companies to report Q4FY24 results today
 "Stocks to Watch, May 3: Dabur, Adani Ent, Ceat, IEX, Godrej Prop, MRF, CIL")
Trading action on May 03: New highs, block deal, open offer, Q4 nos & more
All you need to know before Sensex, Nifty opens for trade on Friday, May 03: Positive global cues, Gift Nifty hint at gap-up open; Bajaj Finance, CoForge, Yes Bank in focus.
 "Trading action on May 03: New highs, block deal, open offer, Q4 nos & more")
GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers
Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with Sebi to garner Rs 2,200 crore through an initial share sale
 "GIFT Nifty logged $82 bn turnover in April; SK Finance files draft papers")
After lacklustre Q4 results, headwinds persist for Indian Oil stock
The core GRM per barrel in Q4FY24 was actually around $10.6 and the core GRM for FY25-26 could bottom out at $9
 "After lacklustre Q4 results, headwinds persist for Indian Oil stock")
Highest-ever advancing stocks on BSE in April amid sharp rebound in markets
The previous high was 2,322 gainers recorded in January
 "Highest-ever advancing stocks on BSE in April amid sharp rebound in markets")
Sebi introduces draft for stock exchanges to supervise research analysts
"To begin with, in order to ensure efficiency in the system and economies of scale, RAASB and IAASB shall be one and the same stock exchange," it added
 "Sebi introduces draft for stock exchanges to supervise research analysts")
Sebi makes mandatory registration of PMS providers with industry body APMI
The new directive would come into effect from January 1, 2025, and APMI would issue the criteria for registration of distributors by July 1, this year, Sebi said in a circular
Currency derivatives volumes plunge significantly on RBI exposure norms
The central bank deferred exposure rules implementation until May 3 amid investor concerns
 "Currency derivatives volumes plunge significantly on RBI exposure norms")
IEX overall trade volume rises 14% to 9,044 million units in April
The Market Clearing Price in Day Ahead Market (DAM) during April 2024 at Rs 5.1/unit reduced approximately 6 per cent year-on-year
 "IEX overall trade volume rises 14% to 9,044 million units in April")
Embassy Group sales bookings up 85% to Rs 2,250 cr on better housing demand
Embassy Group sold 21.18 lakh sq ft, achieving a year-on-year growth of 103 per cent in area sold
 "Embassy Group sales bookings up 85% to Rs 2,250 cr on better housing demand")
Reliance Industries starts trading US oil setting Brent benchmark
It was Reliance's first time offering WTI in the window, Platts spokesperson Kathleen Tanzy told Reuters. A Reliance spokesperson did not immediately respond to a Reuters request for comment
 "Reliance Industries starts trading US oil setting Brent benchmark")
Stock Market Highlights, May 2: Sensex ends range-bound session 128 pts up, Nifty near 22,650
Stock Market Highlights on Thursday, May 2: Markets settled with positive bias a day after the US Fed kept interest rates unchanged
 "Stock Market Highlights, May 2: Sensex ends range-bound session 128 pts up, Nifty near 22,650")
BoFA, CLSA, Motilal Oswal: Why are these brokerages bullish on Star Health?
In the quarter-ending March (Q4FY24) results, Star Health's net profit jumped 40 per cent to Rs 142.3 crore, as against Rs 101.8 crore in the same quarter a year ago
 "BoFA, CLSA, Motilal Oswal: Why are these brokerages bullish on Star Health?")
LS polls: India equity options pricing in a no-surprises election verdict
At this time in 2019, the implied volatility was 28 per cent-30 per cent, suggesting an investor had to pay much more to protect against an unexpected outcome -- a BJP loss -- that year
 "LS polls: India equity options pricing in a no-surprises election verdict")
This automobile stock has zoomed over 100% in 11 days
Till 02:22 PM, as many as 17.07 million equity shares, representing 8.2 per cent of total equity of Hindustan Motors, had changed hands on the NSE and BSE
 "This automobile stock has zoomed over 100% in 11 days")
Analysts recommend buying these 3 finance stocks, see up to 25% upside
REC Limited and Power Finance Corporation have soared up to 10 per cent each in the last 30 days on the NSE
 "Analysts recommend buying these 3 finance stocks, see up to 25% upside")
Iron & steel stocks rally up to 11% on strong March quarter results
Surya Roshni, Gallantt Ispat, Sarda Energy & Minerals, Welspun Corp and Vardhman Special Steels (VSSL) have surged between 5 per cent and 11 per cent in Thursday's intra-day trade
 "Iron & steel stocks rally up to 11% on strong March quarter results")
Federal Bank hits record high amid report KVS Manian may join as MD & CEO
Federal Bank news: According to reports, KVS Manian could replace Federal Bank's MD and CEO Shyam Srinivasan, whose term ends in the last week of September 2024
 "Federal Bank hits record high amid report KVS Manian may join as MD & CEO")
Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns
The drop came after joint managing director (Joint MD) KVS Manian stepped down from his role at the bank and its board after 29 years of service
 "Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns")
Lowering prices to weigh down earnings of Indian API players in near term
According to the brokerage, prices of APIs such as Paracetamol, Azithromycin, Montelukast, and Meropenem, have all declined in the range of 10-30 per cent over the last one year
 "Lowering prices to weigh down earnings of Indian API players in near term")