Page 1115 - Markets News
Markets last week suffered the worst FPI selling bout of 2024 calendar year
Foreign investors pulled Rs 18,600 crore out of Indian markets last week, the most in 2024, influenced by US economic factors and geopolitical tensions
 "Markets last week suffered the worst FPI selling bout of 2024 calendar year")
Mcap of 6 of top 10 valued firms at Rs 1.40 trillion; TCS, Infosys lag
The market valuation of TCS tanked by Rs 62,538.64 crore to Rs 13,84,804.91 crore, the most among the top 10 firms
 "Mcap of 6 of top 10 valued firms at Rs 1.40 trillion; TCS, Infosys lag")
Q4 earnings, global trends major triggers for markets this week: Analysts
HDFC Bank on Saturday reported a 2.11 per cent growth in consolidated net profit to Rs 17,622.38 crore for the March 2024 quarter against Rs 17,257.87 crore in the preceding December quarter
 "Q4 earnings, global trends major triggers for markets this week: Analysts")
NSE IX gets SEC class relief; permits US clients to trade on equity index
The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial institutions in the US
 "NSE IX gets SEC class relief; permits US clients to trade on equity index")
Equity, rupee finish tough week on winning note; bonds weaken sharply
Despite the gains on Friday, both indices finished the week in red for the first time in three weeks. The Sensex fell 1.6 per cent this week, and the Nifty 50 declined 1.7 per cent
 "Equity, rupee finish tough week on winning note; bonds weaken sharply")
NPCI to review by end of year decision on 30% UPI market share cap
December 2024 deadline for implement market cap remains unchanged, say sources
 "NPCI to review by end of year decision on 30% UPI market share cap")
Benchmark indices snap four-day losing streak; Sensex gains 599 points
Benchmarks end the choppy week with over 1.5% losses
Infosys dips 3%, hits over four-month low on modest FY25 guidance
The IT services firm expects BFSI to recover, which could be a key catalyst for revenue growth and margin surprise
 "Infosys dips 3%, hits over four-month low on modest FY25 guidance")
Sebi proposes special call auction for price discovery of holdcos
Move aims to address deep discounts at which these investment companies trade
 "Sebi proposes special call auction for price discovery of holdcos")
State-owned Canara Bank fixes record date of May 15 for stock split
Shares of Canara Bank were trading at Rs 577.15 apiece, down 1.10 per cent on the BSE in the afternoon trade
 "State-owned Canara Bank fixes record date of May 15 for stock split")
Stock Market Highlights, April 19: Sensex zooms 599 pts, Nifty nears 22,150; Financials surge
Stock market highlights on Friday, April 19, 2024: Equity markets shrugged off concerns around the Middle East tensions after Iran said it won't consider "immediate" retaliation against Israel
 "Stock Market Highlights, April 19: Sensex zooms 599 pts, Nifty nears 22,150; Financials surge")
This auto stock has surged 160% in 3 months; zoomed 630% in 1 year
The stock price of Force Motors surpassed its previous high of Rs 9261.80, touched on April 8, 2024
 "This auto stock has surged 160% in 3 months; zoomed 630% in 1 year")
Wipro Q4 Preview: profits may decline 8-10%, revenues to dip 4-5% YoY
According to brokerage estimates, Wipro is likely to report a net profit in the range of Rs 2,778 crore to Rs 2,829 crore for the fourth quarter, down 8-10 per cent year on year (YoY)
 "Wipro Q4 Preview: profits may decline 8-10%, revenues to dip 4-5% YoY")
Expensive valuations leave limited upside in Bajaj Auto, caution analysts
Despite strong earnings, analysts warned investors on future growth trends as most positives of the company are priced in and the stock is currently trading at high valuations
 "Expensive valuations leave limited upside in Bajaj Auto, caution analysts")
Israel-Iran tensions see OMC stocks IOC, BPCL, HPCL slip up to 4% on Friday, April 19
Oil and marketing companies (OMCs) such as Indian Oil Corporation and Hindustan Petroleum Corporation Ltd (HPCL) slumped 4.1 per cent each at Rs 162.20 and Rs 457, respectively in intraday deals
 "Israel-Iran tensions see OMC stocks IOC, BPCL, HPCL slip up to 4% on Friday, April 19")
Motilal Oswal Financial bonus issue plan buzz: Stock up 5%, hits record high
Thus far in the calendar year 2024, the stock price of MOFSL has appreciated by 76 per cent
 "Motilal Oswal Financial bonus issue plan buzz: Stock up 5%, hits record high")
Credila stake sale, healthy deposits to aid HDFC Bank Q4 earnings: Analysts
HDFC Bank Q4FY24 result preview: According to Nomura, HDFC Bank's net profit may grow 40 per cent Q-o-Q to Rs 23,000 crore during the quarter
 "Credila stake sale, healthy deposits to aid HDFC Bank Q4 earnings: Analysts")
Bandhan Bank stock hits 4-year low; Ghosh's retirement plan weighs
In past two weeks, the share price of Bandhan Bank has declined 14 per cent after Chandra Shekhar Ghosh, MD and CEO of he bank, on April 5 said would retire after the completion of his current tenure
 "Bandhan Bank stock hits 4-year low; Ghosh's retirement plan weighs")
How will Israel's attack on Iran impact the stock market, crude oil, gold?
Iran-Israel conflict: The S&P BSE Sensex slipped nearly 1 per cent, or 599 points to hit a low of 71,816 levels - down sharply from its 52-week high of 75,124.28 hit on April 09
 "How will Israel's attack on Iran impact the stock market, crude oil, gold?")
Indus Towers hits over 6-yr high; zooms 51% in 1 month on improved outlook
Indus Towers is trading at its highest level since January 2018
 "Indus Towers hits over 6-yr high; zooms 51% in 1 month on improved outlook")