Page 1122 - Markets News
M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard
In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per cent
 "M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard")
Global stock index edges up, dollar falls after US inflation reading
The MSCI world equity index, which tracks shares in 49 nations, gained 0.12%, after earlier hitting its highest level in almost two years
 "Global stock index edges up, dollar falls after US inflation reading")
Asian stocks drop after 6-day winning streak; Chinese shares decline
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
 "Asian stocks drop after 6-day winning streak; Chinese shares decline")
Silver imports likely to pick up pace after falling over 63% in 2023
High prices and previous year's base weighed on the precious metal
 "Silver imports likely to pick up pace after falling over 63% in 2023")
Sebi streamlines reporting norms for depository participants, custodians
The reports should be on monthly, quarterly, half-yearly and annual basis as specified by the regulator
 "Sebi streamlines reporting norms for depository participants, custodians")
Four companies get Sebi's approval to raise funds by launching IPOs
Entero Healthcare Solutions, JNK India, Exicom Tele-Systems and Akme Fintrade (India) have received markets regulator Sebi's approval to raise funds through initial public offerings
Tech Mahindra slips 6% as investors book profit post Q3FY24 results
Ahead of the result, the stock rallied 13 per cent in two weeks. It had hit a 52-week high of Rs 1,416 on January 23
 "Tech Mahindra slips 6% as investors book profit post Q3FY24 results")
DLF, Prestige, Sobha: CLSA downgrades select realty stocks. Here's why
Most positive factors in terms of a pick-up in housing demand and office space absorption, CLSA said, are already priced in.
 "DLF, Prestige, Sobha: CLSA downgrades select realty stocks. Here's why")
Issuers in wait-and-watch mode for overseas listing at GIFT City
Issuers will wait for ecosystem to develop further before firming up listing plans
 "Issuers in wait-and-watch mode for overseas listing at GIFT City")
F&O expiry: Nifty ends Jan series near 21,350; Sensex drops 360 pts
Stock market highlights on January 25, 2024: The frontlines were dragged by Tech M, Axis Bank, Bharti Airtel, HCL Tech, Kotak Bank, HDFC Bank, Wipro, Asian Paints
 "F&O expiry: Nifty ends Jan series near 21,350; Sensex drops 360 pts")
Dhanlaxmi Bank at 9-yr high, hits 10% upper circuit; zooms 69% in two weeks
The stock of private sector lender was trading at its highest level since August 2014
 "Dhanlaxmi Bank at 9-yr high, hits 10% upper circuit; zooms 69% in two weeks")
Nova Agritech IPO subscribed 33.82x on Day 2; NII category booked 71.19x
The Initial Public Offering of Nova Agritech, a manufacturer of agricultural inputs, was subscribed 33.82 times on the second day of the offer on Wednesday
 "Nova Agritech IPO subscribed 33.82x on Day 2; NII category booked 71.19x")
Stock from Madhuri Madhusudan Kela's portfolio has zoomed 54% in 2 months
According to shareholding pattern data, Madhuri Madhusudan Kela, the wife of ace investor Madhusudan Kela, held 2.94 million equity shares or 5.85 per cent stake in Sangam (India) at the end of Q3
 "Stock from Madhuri Madhusudan Kela's portfolio has zoomed 54% in 2 months")
Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results
The two-wheeler major reported its highest-ever quarter revenue at Rs 12,114 crore and EBITDA at Rs 2,430 crore for the quarter ended December 2023.
 "Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results")
Indian Bk up 8%, hits new high on solid Q3 nos; Motilal expects more upside
In past six months, the share price of Indian Bank has appreciated by 43 per cent, as against 6.4 per cent rise in the S&P BSE Sensex.
 "Indian Bk up 8%, hits new high on solid Q3 nos; Motilal expects more upside")
Foreign money to help PM Modi push near-record India sovereign bond sales
New Delhi will likely announce a gross borrowing of Rs 15.2 trillion ($183 billion) for the year starting April 1, marginally lower than the record Rs 15.43 trillion set for the current year
 "Foreign money to help PM Modi push near-record India sovereign bond sales")
Stocks to Watch today: Bajaj Auto, Tata Steel, Tech M, TVS Motor, IOC, BoB
Stocks to watch on Thursday, January 25, 2024: Among companies announcing Q3 results yesterday, Tata Steel reported a turnaround while IOC and Ceat postged a 10-fold and 5-fold jump in net profit.
 "Stocks to Watch today: Bajaj Auto, Tata Steel, Tech M, TVS Motor, IOC, BoB")
Nifty Auto, IT indices range-bound on charts; Key levels to watch out for
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen oscillating between 37,930 and 36,136 trading range.
 "Nifty Auto, IT indices range-bound on charts; Key levels to watch out for")
One year of Hindenburg: Adani group up, recouping market cap losses
The Securities and Exchange Board of India (Sebi) continues to investigate allegations made by Hindenburg against the group. It has concluded 22 of the 24 investigations
 "One year of Hindenburg: Adani group up, recouping market cap losses")
Sebi's new disclosure norms likely to impact few FPIs due to exemptions
No panic selling entailed as funds affected will have six months to rebalance their portfolio
 "Sebi's new disclosure norms likely to impact few FPIs due to exemptions")