Page 1203 - Markets News
Maruti Q2 preview: Focus on SUVs, lower costs to aid margins, say analysts
Maruti Suzuki India Q2 preview: At the bottomline level, analysts expect the company's standalone net profit to rise up to 66 per cent year-on-year
 "Maruti Q2 preview: Focus on SUVs, lower costs to aid margins, say analysts")
HDFC Bank slips 2%; stock weak for third straight day, nearing 52-week low
In Q2, HDFC Bank's NIMs were under pressure, primarily because of the excess liquidity on the books.
 "HDFC Bank slips 2%; stock weak for third straight day, nearing 52-week low")
Sona Comstar surges 5% on strong Q2 operational performance
The company's consolidated Ebitda grew 35% YoY at Rs 223 crore; margins improved 300 bps YoY at 28.4%, largely due to the positive impact of product mix.
 "Sona Comstar surges 5% on strong Q2 operational performance")
Fined Rs 17 crore by Sebi: All you need to know about 'Baap of Chart'
Sebi has alleged that Md Nasir has been providing trading recommendations under the 'garb of educational courses', which were charged for
 "Fined Rs 17 crore by Sebi: All you need to know about 'Baap of Chart'")
Max Fin, JSP, Oberoi: Strategy for stocks with highest F&O rollover to Nov
Dr.Reddy's, Apollo Tyres and Jindal Steel are among the five stocks which have seen rollovers of up to 88 per cent to the November series.
 "Max Fin, JSP, Oberoi: Strategy for stocks with highest F&O rollover to Nov")
Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue
The board also declared an interim dividend of Rs 7 per share (700 per cent on par value of Rs 1) for the financial year 2023-24
 "Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue")
IRM Energy makes weak debut, lists at 5% discount against issue price
Shares of IRM Energy listed at Rs 477, a 5 per cent discount against its issue price of Rs 505 per share on the National Stock Exchange
 "IRM Energy makes weak debut, lists at 5% discount against issue price")
Tech M hits over 2-month low on disappointing Q2 results; analysts bearish
ICICI Securities believes key will be how new CEO (from December, 2023) pivots the business to more diversified from current Communication heavy construct ahead
 "Tech M hits over 2-month low on disappointing Q2 results; analysts bearish")
Stocks to Watch today: Tech M, IRM Energy, RIL, Sonata Software, ACC, PNB
Stocks to watch on Thursday, October 26: The consolidated net profit of Tech Mahindra for Q2FY24 fell 61.10 per cent YoY to Rs 505.30 crore -- the biggest drop in 16 years
 "Stocks to Watch today: Tech M, IRM Energy, RIL, Sonata Software, ACC, PNB")
Buy Nifty PSU Bank at this support; Nifty FMCG strategy eyed in this range
As per Ravi Nathani, adopting a buy-low, sell-high strategy for Nifty FMCG within the established range is the most prudent course of action
 "Buy Nifty PSU Bank at this support; Nifty FMCG strategy eyed in this range")
Metal stocks buck the trend on China stimulus, BSE Metal index rises 0.85%
The world's second-largest economy consumes almost half of the global metals supply. As a result, China's economic outlook has a huge bearing on metal prices
 "Metal stocks buck the trend on China stimulus, BSE Metal index rises 0.85%")
Sensex, Nifty in a downward spiral. Are the markets in an oversold zone?
The S&P BSE Sensex has lost nearly 3 per cent thus far in October, and down almost 6 per cent from its 52-week high level of 67927.23 hit on September 15, 2023.
 "Sensex, Nifty in a downward spiral. Are the markets in an oversold zone?")
5-day market slide: Bond yields, West Asia turmoil dampen capital flow
India's market capitalisation has diminished by Rs 14.6 trillion in the past five trading sessions
 "5-day market slide: Bond yields, West Asia turmoil dampen capital flow")
Swiss-Asia Holding exits ABFRL, sells entire 1.03% stake for Rs 207 crore
According to the block deal data available with the National Stock Exchange (NSE), Griffin Growth Fund VCC disposed of 97,33,098 shares, amounting to a 1.03 per cent stake, in ABFRL
 "Swiss-Asia Holding exits ABFRL, sells entire 1.03% stake for Rs 207 crore")
Aurobindo Pharma: Strong prospects offset by valuation concerns
A benign pricing environment in the US and drug shortages are major triggers for the company
 "Aurobindo Pharma: Strong prospects offset by valuation concerns")
Sebi issues Rs 1.8 crore demand notices to former officials of Karvy Group
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
 "Sebi issues Rs 1.8 crore demand notices to former officials of Karvy Group")
Safe-haven gold gains buoyed by Middle East conflict; US data in focus
US business activity ticked higher in October while output in the euro zone took a surprise turn for the worse, surveys showed on Tuesday
 "Safe-haven gold gains buoyed by Middle East conflict; US data in focus")
Sebi bars finfluencer from securities market, asks to disgorge Rs 17 cr
'Baap of Chart' gave trade recos in the garb of education courses, mislead clients, alleges Sebi
 "Sebi bars finfluencer from securities market, asks to disgorge Rs 17 cr")
Market may remain under pressure amid slew of headwinds, say experts
Experts cite record high US bond yields, geo-political uncertainties, earnings disappointments as key concerns
 "Market may remain under pressure amid slew of headwinds, say experts")
Markets fall for 5th day; Sensex sheds 523 pts, Nifty ends near 19,100
Closing Bell on October 25, 2023: In the broader market, the BSE MidCap index slipped 0.52 per cent and the BSE SmallCap 0.77 per cent as against the frontline indices' 0.8 per cent decline
 "Markets fall for 5th day; Sensex sheds 523 pts, Nifty ends near 19,100")