Page 1206 - Markets News
Close-ended alternative investment funds outperform: PMSBazaar data
An alternative investment fund (AIF) is a sophisticated investment vehicle for the wealthy which typically has a minimum investment of Rs 1 crore
 "Close-ended alternative investment funds outperform: PMSBazaar data")
India's options skew points to gamification, says Axis Mutual Fund
The derivatives market comprises futures and options, with contracts available on index and individual stocks
 "India's options skew points to gamification, says Axis Mutual Fund")
Canada ranking slips a notch on top FPI source list amid rising tensions
But Canada-domiciled FPIs' AUC in India rose 1% month-on-month to Rs 1.8 trillion in Sep
 "Canada ranking slips a notch on top FPI source list amid rising tensions")
Yield on high-rated NBFC to harden further by December, tracking g-sec
The AAA-rated bond yields settled at 7.83-7.92 per cent on Monday, whereas, the yields on AA-rated bonds settled at 8.63-8.66 per cent
 "Yield on high-rated NBFC to harden further by December, tracking g-sec")
Govt to sell up to 7% stake in HUDCO through an offer for sale this week
The plan includes selling 3.5% of the company, with an option to sell an additional 3.5% if the offer is oversubscribed
 "Govt to sell up to 7% stake in HUDCO through an offer for sale this week")
Sensex snaps 3-day losing run, gains 261 pts in broad-based rally
Closing Bell on Tuesday, October 17, 2023: On the National Stock Exchange (NSE), the Nifty50 shut shop 80 points, or 0.40 per cent, higher at 19,812.
 "Sensex snaps 3-day losing run, gains 261 pts in broad-based rally")
Newgen Software soars 14%, hits new high on strong September quarter result
The company said the healthy earnings were driven by strong growth in the banking and financial services segment across geographies
 "Newgen Software soars 14%, hits new high on strong September quarter result")
Wipro likely to lag peers with dismal 1.3% yearly revenue growth in Q2FY24
Wipro Q2 results preview: Revenue is pegged to rise 1.34 per cent YoY to Rs 22,842 crore. This will be nearly flat against the June quarter
 "Wipro likely to lag peers with dismal 1.3% yearly revenue growth in Q2FY24")
JPMorgan index-bound Indian bonds lure foreigners, but flows to start later
"This pace, however, may not sustain at least in the immediate future as globally investors will eye developments in the Middle East conflict and what impact it could have on oil prices"
 "JPMorgan index-bound Indian bonds lure foreigners, but flows to start later")
Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high
The bank reported its highest-ever quarterly profit of Rs 378 crore for the quarter ended September 2023, up 51 per cent from a year ago period.
 "Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high")
Stock of this garments & apparels company zoomed over 100% in 2 months
PGIL maintains a confident outlook on the continued growth and traction of Indian exports in the medium to long term.
 "Stock of this garments & apparels company zoomed over 100% in 2 months")
Tyre stocks in demand on Ceat's strong Q2 results; MRF, JK Tyre at new high
Ceat said the healthy quarter-on-quarter volume growth was driven by strong OEM demand for festive inventory.
 "Tyre stocks in demand on Ceat's strong Q2 results; MRF, JK Tyre at new high")
ION Exchange extends rally; zooms 127% so far in 2023 on strong outlook
In past four months, the stock price of ION Exchange has appreciated by 53 per cent after it turned ex-date for sub-division / stock split in the ratio of 10:1.
 "ION Exchange extends rally; zooms 127% so far in 2023 on strong outlook")
Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM
Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.
 "Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM")
Nifty Financial Services: Look to buy the dips as index consolidates
Whereas, one needs to be patience and await for a clear breakout on the Nifty Private Bank Index, suggests Ravi Nathani, an independent technical analyst.
 "Nifty Financial Services: Look to buy the dips as index consolidates")
Sberbank becomes first Russian bank to register with Sebi as FPI: NSDL
Joins five other from Russia to obtain FPI registration
 "Sberbank becomes first Russian bank to register with Sebi as FPI: NSDL")
Billion-dollar shake-up: Global tech firms shed over $600 bn m-cap in Q3
Adversely affected by high bond yields, AI market decline, and sluggish global economy, exacerbated by soaring oil prices
 "Billion-dollar shake-up: Global tech firms shed over $600 bn m-cap in Q3")
NSE expands its commodity derivatives segment with 13 new contracts
With this launch, NSE offers 28 products in the commodity derivatives segment, the exchange said in a statement
 "NSE expands its commodity derivatives segment with 13 new contracts")
Shares of NSE valued at Rs 1,860 crore changed hands in September
Stock price largely unchanged over the past one year
Crude oil fall below $90 per barrel on report of US-Venezuela deal
Brent futures were down 59 cents, or 0.67%, at $90.27 a barrel at 10:30 CDT (1532 GMT). U.S. West Texas Intermediate (WTI) crude fell by 0.29 cents, or 0.37%, to $87.30 a barrel
 "Crude oil fall below $90 per barrel on report of US-Venezuela deal")