Page 1125 - Markets News
Govt should leverage PSU rally to maintain the pace of capex: Axis AMC
A well-executed PSU divestment strategy could yield far-reaching benefits for the Indian economy
 "Govt should leverage PSU rally to maintain the pace of capex: Axis AMC")
Sensex hits 75K in pre-election rally; on track to hit 81,000, charts say
The BSE benchmark gained the last 5,000 points in just four months, with the rally gaining momentum in the last one week on hopes of stronger-than-expected Q4 corporate earnings.
 "Sensex hits 75K in pre-election rally; on track to hit 81,000, charts say")
Auto ancillary stocks attractive on dips as sector holds momentum: Analysts
Smooth ride expected for the sector in FY25
 "Auto ancillary stocks attractive on dips as sector holds momentum: Analysts")
Stock Market Highlights, April 9: Sensex drops 440 pts from record high, ends 59 pts down; Nifty below 22,650; RIL, TCS, Titan weigh
Stock market updates on Tuesday, April 09: Among sectors, the Nifty Media, and PSU Bank indices settled in the negative zone (down up to 1 per cent), while the Nifty Metal index added 1.1 per cent
 "Stock Market Highlights, April 9: Sensex drops 440 pts from record high, ends 59 pts down; Nifty below 22,650; RIL, TCS, Titan weigh")
Castrol India soars 9%; hits seven-year high on heavy volumes
In past five months, Castrol has zoomed 66 per cent. Meanwhile, the company has guided margins to be in the range of 23-26 per cent and volume growth of 5 per cent in CY24.
 "Castrol India soars 9%; hits seven-year high on heavy volumes")
Nifty SmallCap up 16% in 1 month; key levels to watch on overbought stocks
Apar Industries, CESC, Glenmark, Jubilant Pharma and Power India are trading in overbought zone; charts suggest bias to remain positive as long as these support levels hold.
 "Nifty SmallCap up 16% in 1 month; key levels to watch on overbought stocks")
Metal shares rally up to 10%; Hindustan Copper, SAIL hit over 12-year highs
The Nifty Metal index hit a new high at 8,984, and was up 2 per cent in Tuesday's intra-day deals. The index has surged 9 per cent in the last one month.
 "Metal shares rally up to 10%; Hindustan Copper, SAIL hit over 12-year highs")
Hinduja Group firm gets Sebi nod for Reliance Wealth ownership change
Market regulator also approves application for a proposed change in control at Reliance Securities
 "Hinduja Group firm gets Sebi nod for Reliance Wealth ownership change")
This Madhuri Kela-owned stock has surged 59% in 12 days; up 729% in 1 year
Transformers and Rectifiers (India) hit the 5 per cent upper circuit on Tuesday after the company reported 4-fold jump in Q4 net profit at Rs 35.95 crore.
 "This Madhuri Kela-owned stock has surged 59% in 12 days; up 729% in 1 year")
Gland Pharma slips 7% after over 5% equity changes hands via block deal
According to media reports, two entities - Nicomac Machinery and RP Advisory Services - were looking to sell up to 4.4 per cent stake in Gland Pharma through block deals on Tuesday
 "Gland Pharma slips 7% after over 5% equity changes hands via block deal")
Godrej Properties surges 8%, hits new high on strong Q4 business update
The company reported highest-ever quarterly sales announced to date by any publicly listed real estate developer in India
 "Godrej Properties surges 8%, hits new high on strong Q4 business update")
Nifty Fin Services signals underperformance on charts: Here's how to trade
The Nifty Financial Services Index, currently positioned at 21,604.50, has recently undergone a sharp rally, bringing it into close proximity to its resistance level of 21,700
 "Nifty Fin Services signals underperformance on charts: Here's how to trade")
Stocks to Watch today: TaMo, Axis Bank, RIL, Muthoot Microfin, auto shares
Stocks to watch on Tuesday, April 09, 2024: Tata Motors JLR sales rose 11% in Q4; Bain Capital to sell balance stake in Axis Bank; FADA warns of slower retail auto sales.
 "Stocks to Watch today: TaMo, Axis Bank, RIL, Muthoot Microfin, auto shares")
India's hottest stock index, Nifty Next 50, shows best earnings potential
Earnings growth is proving to be a key metric. Made up of potential candidates for the benchmark Nifty 50, the gauge has seen its forward profit estimates climb 20% so far this year
 "India's hottest stock index, Nifty Next 50, shows best earnings potential")
India's market capitalisation tops Rs 400 trillion as indices hit new high
BSE-listed companies crossed Rs 400 trillion for the first time on Monday
 "India's market capitalisation tops Rs 400 trillion as indices hit new high")
Q4 results preview: Nifty cos' profit growth seen at slowest in 5 qtrs
Brokerages expect revenue growth to remain in low single digits
 "Q4 results preview: Nifty cos' profit growth seen at slowest in 5 qtrs")
Private equity firm Bain Capital to sell remaining Axis Bank holding
The price range for the share sale has been set at Rs 1,071 - Rs 1,076 per share, a discount of up to 0.47 per cent to Axis Bank's last close of Rs 1,076 per share
 "Private equity firm Bain Capital to sell remaining Axis Bank holding")
Reliance Industries rally, earnings optimism propel markets to new peaks
Investors making long-term bets in hope of political stability: Analysts
 "Reliance Industries rally, earnings optimism propel markets to new peaks")
Analysts bearish on Wipro after Delaporte's exit, see up to 15% downside
Thierry Delaporte's resignation as the CEO is surprising and also an acknowledgment of his failure to turn around the business, analysts said
 "Analysts bearish on Wipro after Delaporte's exit, see up to 15% downside")
Record volumes, higher market share drive gains for Voltas stock
Voltas became the first Indian company to top the 2 million AC units sales in a financial year. Voltas said the performance was attributed to a consistent demand for cooling products during the year
 "Record volumes, higher market share drive gains for Voltas stock")