Page 1144 - Markets News
LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected
LTIMindtree's Q3 growth was affected by higher-than-expected furloughs and a continued slowdown in discretionary spending
 "LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected")
Multiple headwinds ahead for ICICI Prudential Life Insurance Company
Commission expenses and expenses of management (EOM) dragged down the profitability. The net profit grew just 2.4 per cent Y-o-Y to Rs 227 crore
 "Multiple headwinds ahead for ICICI Prudential Life Insurance Company")
HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish
Analysts scale back earnings growth estimates for the private sector lender
 "HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish")
SAT refuses stay on market regulator Sebi's order against Brightcom
Sebi had also barred 21 others, including ace investor Shankar Sharma, from diluting their stakes in the company
 "SAT refuses stay on market regulator Sebi's order against Brightcom")
Asian Paints needs fresh coat as margin pressures build up in markets
As competition intensifies, brokerages turn pale on paint maker's stock
 "Asian Paints needs fresh coat as margin pressures build up in markets")
Sebi issues notices to DHFL's ex-promoters in disclosure violation case
Also, the regulator has warned them of arrest and attachment of assets as well as bank accounts if they fail to make the payment within 15 days, according to two separate notices
 "Sebi issues notices to DHFL's ex-promoters in disclosure violation case")
Market rally has margin trading book hitting record Rs 54,537 crore in Jan
The market rally also had the cash segment of the market jumping to a record 25 per cent in December 2023, according to an analysis by Icra Ratings
 "Market rally has margin trading book hitting record Rs 54,537 crore in Jan")
Weak earnings, fading US interest rate cut hopes drag Indian stock market
The blue-chip NSE Nifty 50 shed 0.51% to 21,462.25, while the S&P BSE Sensex lost 0.44% to 71,186.86
 "Weak earnings, fading US interest rate cut hopes drag Indian stock market")
Sensex slips for 3rd day, dips 314 pts; OFSS up 27%, LTIMindtree tanks 11%
Stock market highlights on January 18, 2024: HDFC Bank slipped 3 per cent after falling over 8 per cent Wednesday
South Indian Bank soars 13%, hits 6-year high on healthy Q3 results
The management said, during the period, the bank registered growth in all the desired segments with a focus on quality asset across all verticals
 "South Indian Bank soars 13%, hits 6-year high on healthy Q3 results")
Sobha jumps 10% on rights issue plan; stock zooms 48% thus far in Jan
The board of directors of Sobha are scheduled to meed on Monday, January 22, 2024, to consider the proposal of fund raising by way of equity shares through rights issue.
 "Sobha jumps 10% on rights issue plan; stock zooms 48% thus far in Jan")
Markets in a free fall. More pain ahead? Here's what charts suggest
The Nifty has declined over 3 per cent in the last two trading sessions, and is seen trading below its 20-DMA for the first time since November 07, 2023.
 "Markets in a free fall. More pain ahead? Here's what charts suggest")
Chart check: Bias turns negative for HDFC Bank as stock dips below 200-DMA
The sharp fall in the last two-days has dented the charts of HDFC Bank, suggesting further downside amid some consolidation.
 "Chart check: Bias turns negative for HDFC Bank as stock dips below 200-DMA")
Stock of this railway-related SME company has zoomed 130% in one month
Shares of Cosmic CRF were locked in the 5 per cent upper circuit on BSE at Rs 916.65 in a weak market
 "Stock of this railway-related SME company has zoomed 130% in one month")
Oracle Financial Services hits record high, zooms 20% on strong Q3 results
On a consolidated basis, Q3 revenue was up 26 per cent year-on-year (YoY) at Rs 1,824 crore. Net profit jumped 69 per cent to Rs 741 crore on YoY basis
 "Oracle Financial Services hits record high, zooms 20% on strong Q3 results")
HDFC Bank slips 8% post Q3 results, logs sharpest fall since March 2020
HDFC Bank accounted for nearly 60 per cent of the benchmark S&P BSE Sensex's 1,628-point decline on Wednesday
 "HDFC Bank slips 8% post Q3 results, logs sharpest fall since March 2020")
Stocks to Watch on Jan 18: HDFC Bank, NHPC, Adani Ent, IndusInd Bank, BEL
Stocks to Watch on Thursday, January 18, 2024: The ADRs of HDFC Bank tanked another 9 per cent on the New York Stock Exchange on Wednesday, after falling around 7 per cent the day before
 "Stocks to Watch on Jan 18: HDFC Bank, NHPC, Adani Ent, IndusInd Bank, BEL")
Nifty Pharma, Nifty Energy eyeing correction on charts: Check key levels
Technical indicators for Nifty Pharma are aligning with the bearish sentiment as the RSI has declined to 59, signaling a potential downtrend, as per Ravi Nathani
 "Nifty Pharma, Nifty Energy eyeing correction on charts: Check key levels")
Adani stocks found buyers in India's retail investors during Hindenburg row
Individual holdings in nine of the group's 10 stocks at the end of December are higher than they were before the short-seller's attack on the conglomerate, exchange data compiled by Bloomberg show
 "Adani stocks found buyers in India's retail investors during Hindenburg row")
HDFC Bank slide triggers worst day for market in last 18 months
The latest decline in the markets wiped Rs 4.59 trillion off investors' wealth. The India VIX -- gauge of volatility -- rose to its highest since March 2023, ending at 15.08
 "HDFC Bank slide triggers worst day for market in last 18 months")