Page 1141 - Markets News
Indian bonds set for new era with $100 billion inflows likely: HSBC AM
India's trillion-dollar sovereign bond market is gearing up for a rush of foreign money in the run-up to inclusion in JPMorgan Chase & Co.'s emerging markets bond index in June
 "Indian bonds set for new era with $100 billion inflows likely: HSBC AM")
IREDA up 31% in four days on robust Q3 results; zooms 405% over issue price
For Q3FY24, IREDA reported a healthy 67 per cent year-on-year (YoY) increase in profit after tax (PAT) of Rs 335 crore
 "IREDA up 31% in four days on robust Q3 results; zooms 405% over issue price")
Stock of this company engaged in Solar EPC biz has zoomed 117% in 7 weeks
Shares of Waaree Renewable Technologies on Wednesday were locked in the 5 per cent upper circuit for the third straight session on BSE
 "Stock of this company engaged in Solar EPC biz has zoomed 117% in 7 weeks")
Axis Bank sinks 6% in sharpest fall in 5 months; Motilal downgrades stock
MOFSL said an elevated CD ratio will constrain credit growth, while continued re-pricing of deposits will likely exert pressure on margins in the coming quarters.
 "Axis Bank sinks 6% in sharpest fall in 5 months; Motilal downgrades stock")
Bajaj Auto Q3 preview: Adverse product mix may hurt margins, say analysts
Two-wheeler major Bajaj Auto is expected to post over 30 per cent year-on-year rise in both, revenue and net profit, when it reports its December quarter (Q3FY24) earnings on Wednesday, January 24
 "Bajaj Auto Q3 preview: Adverse product mix may hurt margins, say analysts")
Stocks to Watch today: Axis, HDFC Bk, LTFH, Airtel, Lupin, REC, JSW Energy
Stocks to watch on Wednesday, January 24, 2024: Bajaj Auto, Canara Bank, DLF, Exide, Indian Oil, Tata Steel, Tech Mahindra and TVS Motor to announce Q3 results today.
 "Stocks to Watch today: Axis, HDFC Bk, LTFH, Airtel, Lupin, REC, JSW Energy")
Zydus Life, ICICI Bank: Stocks to buy in current market set-up
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has confirmed a bearish trend reversal, and could see further downside in coming days.
 "Zydus Life, ICICI Bank: Stocks to buy in current market set-up")
Bank Nifty, Financial Services Indices: Plan to enter near support areas
According to Ravi Nathani, an independent technical analyst, anticipated support levels on charts for Bank Nifty are identified around 44,600, 43,500, and 42,900.
 "Bank Nifty, Financial Services Indices: Plan to enter near support areas")
Rs 8 trillion wiped out as markets shed 1.5%; Zee shares slump 30%
Selloff led by banks, oil and gas stocks, FMCG, and metals
 "Rs 8 trillion wiped out as markets shed 1.5%; Zee shares slump 30%")
Abolish STT, sops for rural India: What markets expect from interim budget
Interim budget proposals are likely to have a hint of populism given the upcoming general elections, believe analysts, but unlikely to derail the government from its path of fiscal prudence.
 "Abolish STT, sops for rural India: What markets expect from interim budget")
Equity, money markets in the US remain polarised, says Chris Wood
Another key development in the US, that the global equity markets would eye over the next few months, is how the political landscape shapes up ahead of the presidential elections
 "Equity, money markets in the US remain polarised, says Chris Wood")
Promoters can offer shares to staff via stock exchange mechanism: Sebi
At present, shares under OFS are offered to the staff outside the stock exchange mechanism
 "Promoters can offer shares to staff via stock exchange mechanism: Sebi")
Zee nosedives 30% in worst single-day fall after Sony scraps deal
After the deal with Sony was terminated, nearly half a dozen brokerages downgraded Zee's stock while lowering the earnings multiple assigned to the cash-strapped company
 "Zee nosedives 30% in worst single-day fall after Sony scraps deal")
Bank of Japan meeting gives yen a jolt, euro dips amid global volatility
After that excitement, however, the yen last traded flat on the day at 148.0 per dollar, having been as weak as 148.6 and as strong as 146.9
 "Bank of Japan meeting gives yen a jolt, euro dips amid global volatility")
Investors' wealth erodes by Rs 8.50 trillion as stock markets tumble
Following the decline in the benchmark index, the market capitalisation of BSE-listed companies eroded by Rs 8,50,820.81 crore to Rs 3,65,97,915.97 crore
 "Investors' wealth erodes by Rs 8.50 trillion as stock markets tumble")
Benchmark 10-yr bond yields steady at 7.1% as traders await fresh cues
India's benchmark 10-year yield ended at 7.1751%, following its previous close at 7.1790%. India's bond markets were shut on Monday and will be closed on Friday
 "Benchmark 10-yr bond yields steady at 7.1% as traders await fresh cues")
Rupee falls 9 paise to close at 83.16 against dollar on weak sentiment
Forex traders said foreign fund outflows also put pressure on the rupee. However, a weak US Dollar overseas cushioned the downside
 "Rupee falls 9 paise to close at 83.16 against dollar on weak sentiment")
Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%
Stock market highlights on Tuesday, January 23: The BSE MidCap and SmallCap indices fell nearly 3 per cent each. Sectorally, the Nifty Media index crashed 13 per cent
 "Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%")
Sensex sinks 1,668pts from day's high, hits 1-mth low of 70,200: Here's why
Nifty Realty, Oil & Gas indices declined up to 5 per cent, while Pharma index held 1.6 per cent gains
 "Sensex sinks 1,668pts from day's high, hits 1-mth low of 70,200: Here's why")
Stock of this smallcap industrial products company has zoomed 68% in 4 days
At 02:37 PM; STEL was quoting 13 per cent higher at Rs 107.08, as compared to 1.4 per cent decline in the S&P BSE Sensex
 "Stock of this smallcap industrial products company has zoomed 68% in 4 days")