Page 1208 - Markets News
Statsguru: How India fares in stock mkt metrics after overtaking Hong Kong
Investors were willing to buy Hong Kong-listed shares at 21 times their earnings in March 2019. This price-to-earnings ratio fell to under 15 by the end of 2023
 "Statsguru: How India fares in stock mkt metrics after overtaking Hong Kong")
505 BSE stocks locked in upper circuits; Shakti Pumps, HPIL, BPL zoom 20%
IFCI, MSTC, Texmo Pipes & Products, Punjab Communications, Jindal Photo and Manaksia Steels are among 17 stocks has frozen 10 per cent circuit on the BSE
 "505 BSE stocks locked in upper circuits; Shakti Pumps, HPIL, BPL zoom 20%")
Adani Ports, Power: Charts suggest up to 23% upside for these Adani stocks
Over the last one year, select Adani Group stocks such as Adani Power, Adani Green, Adani Enterprises and Adani Ports have zoomed up to 300 per cent from their February 2023 lows.
 "Adani Ports, Power: Charts suggest up to 23% upside for these Adani stocks")
Adani stocks fire up: Adani Enterprises, Adani Energy, ATGL surge up to 7%
Adani Total Gas, Adani Power, Adani Ports and Special Economic Zone, Adani Green Energy and Ambuja Cements are up 3% to 5%.
AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results
The bank's Gross Non-Performing Assets (GNPAs) rose to 1.98 per cent in Q3FY24 from 1.81 per cent in Q3FY23 and 1.91 in Q2FY24
 "AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results")
HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%
LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025
 "HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%")
Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India
Stocks to watch on January 29, 2024: Investor focus this week remains on the US Fed's rate outcome on Jan 31 and the interim budget back home on Feb 1
 "Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India")
Nifty50: Near-term consolidation with negative bias on cards
Nifty outlook: Short-term charts unveil a cautious scenario, where a fresh bullish momentum is anticipated only beyond the 22,124 mark, as per Ravi Nathani
 "Nifty50: Near-term consolidation with negative bias on cards")
Street signs: P-notes surge, grey market frenzy, and Zee exposure trim
Shares of BLS E-Services, an e-governance services enabler, are in high demand in the grey market ahead of its Rs 311 crore initial public offering (IPO)
 "Street signs: P-notes surge, grey market frenzy, and Zee exposure trim")
MSCI's finest hour: PSU quartet ready to conquer the global stage
Meanwhile, Zomato, Coal India, and HDFC Asset Management Company are likely to experience an increase in their weighting due to a rise in their free-float market capitalisation
 "MSCI's finest hour: PSU quartet ready to conquer the global stage")
FPIs take out Rs 24,700 cr from equities on rising bond yields in US
On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed
 "FPIs take out Rs 24,700 cr from equities on rising bond yields in US")
Markets to focus on Budget, US Fed policy in eventful week, say analysts
Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 (Thursday)
 "Markets to focus on Budget, US Fed policy in eventful week, say analysts")
M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard
In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per cent
 "M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard")
Global stock index edges up, dollar falls after US inflation reading
The MSCI world equity index, which tracks shares in 49 nations, gained 0.12%, after earlier hitting its highest level in almost two years
 "Global stock index edges up, dollar falls after US inflation reading")
Asian stocks drop after 6-day winning streak; Chinese shares decline
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
 "Asian stocks drop after 6-day winning streak; Chinese shares decline")
Silver imports likely to pick up pace after falling over 63% in 2023
High prices and previous year's base weighed on the precious metal
 "Silver imports likely to pick up pace after falling over 63% in 2023")
Sebi streamlines reporting norms for depository participants, custodians
The reports should be on monthly, quarterly, half-yearly and annual basis as specified by the regulator
 "Sebi streamlines reporting norms for depository participants, custodians")
Four companies get Sebi's approval to raise funds by launching IPOs
Entero Healthcare Solutions, JNK India, Exicom Tele-Systems and Akme Fintrade (India) have received markets regulator Sebi's approval to raise funds through initial public offerings
Tech Mahindra slips 6% as investors book profit post Q3FY24 results
Ahead of the result, the stock rallied 13 per cent in two weeks. It had hit a 52-week high of Rs 1,416 on January 23
 "Tech Mahindra slips 6% as investors book profit post Q3FY24 results")
DLF, Prestige, Sobha: CLSA downgrades select realty stocks. Here's why
Most positive factors in terms of a pick-up in housing demand and office space absorption, CLSA said, are already priced in.
 "DLF, Prestige, Sobha: CLSA downgrades select realty stocks. Here's why")