Page 1224 - Markets News
M-cap of 8 of 10 firms lose Rs 2.28 trn; HDFC, Reliance biggest laggards
Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent
 "M-cap of 8 of 10 firms lose Rs 2.28 trn; HDFC, Reliance biggest laggards")
India to enter JP Morgan's EM bond index; set for $20 billion inflow
To have 10% weight, like China; no tax benefits for bond investors
 "India to enter JP Morgan's EM bond index; set for $20 billion inflow")
Despite JP Morgan move, analysts remain watchful of bank stocks; here's why
The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024
 "Despite JP Morgan move, analysts remain watchful of bank stocks; here's why")
Sensex posts steepest weekly fall in 15 months, ends 221 points lower
30-share index loses 2.7% in 4 days, barely holds 66K
 "Sensex posts steepest weekly fall in 15 months, ends 221 points lower")
A first since 2007: Sensex's yield gap with 10-yr US bond turns negative
The Sensex had an earnings yield of 4.11 per cent on Friday against 4.47 per cent yield on 10-year US government bonds
 "A first since 2007: Sensex's yield gap with 10-yr US bond turns negative")
Nomura India buys Cholamandalam Financial shares worth Rs 166-crore
According to the bulk deal data available with BSE, Nomura India Investment Fund Mother Fund purchased 14,51,000 shares of Cholamandalam Financial Holdings
 "Nomura India buys Cholamandalam Financial shares worth Rs 166-crore")
Bonds settle lower after initial euphoria on JPMorgan's index inclusion
The yield on the benchmark 10-year bond settled at 7.19 per cent, against 7.16 per cent on Thursday
 "Bonds settle lower after initial euphoria on JPMorgan's index inclusion")
Sai Silks Rs 1,201-crore IPO subscribed 4.40 times on last day of bidding
The Rs 1,201 crore-initial share sale received bids for 16,94,58,544 shares against 3,84,86,309 shares on offer, according to data available with the NSE
 "Sai Silks Rs 1,201-crore IPO subscribed 4.40 times on last day of bidding")
BSE to discontinue stop loss market orders from Oct 9 to check freak trades
This came after a recent freak trade incident caused a lot of angst among the trading community earlier this month due to an SL-M order
 "BSE to discontinue stop loss market orders from Oct 9 to check freak trades")
Analysts see $25 bn inflow on Indian G-Secs' inclusion into JP Morgan index
JP Morgan, announcing the inclusion earlier in the day, said India will have a maximum weight of 10 per cent in the index eventually and around 8.7 per cent in the emerging market global index
 "Analysts see $25 bn inflow on Indian G-Secs' inclusion into JP Morgan index")
Sensex falls for 4th day, drops 221pts; Nifty nears 19,650; PSBs defy trend
Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent
Hudco hits over 5-yr high; stock zooms 95% since April on positive outlook
The future outlook in terms of Government's sectoral focus and related developments have positive implications for Hudco's medium-term and long-term strategies
 "Hudco hits over 5-yr high; stock zooms 95% since April on positive outlook")
Bond flows may hit $50 bn if other indexes follow: ICICI bank official
Earlier in the day, JPMorgan said it would include India in its global emerging market bond indices over 10 months starting June 2024, triggering close to $24 billion in flows.
 "Bond flows may hit $50 bn if other indexes follow: ICICI bank official")
India's inclusion in EM bond index can spark higher FX volatility: Bankers
The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate
 "India's inclusion in EM bond index can spark higher FX volatility: Bankers")
JP Morgan boost: PNB Gilts zooms 20%, hits 52-week high on heavy volumes
A combined 27.85 million shares, representing nearly 60 per cent of free-float equity of PNB Gilts, have so far changed hands on the NSE and BSE
 "JP Morgan boost: PNB Gilts zooms 20%, hits 52-week high on heavy volumes")
What would India's inclusion in JPMorgan's bond index mean for its markets?
Currently, 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are index eligible, JPMorgan said
Bajaj Healthcare zooms 53% in four weeks on healthy FY24 guidance
EBITDA margins would be in the range of 16 -20 per cent for the FY24, mainly driven by growth in the formulation biz and with the introduction of reverse engineering APIs launched in the last fiscal.
 "Bajaj Healthcare zooms 53% in four weeks on healthy FY24 guidance")
Berger Paints gains 4% on turning ex-bonus; stock hits 52-week high
Berger Paints had fixed September 23, 2023 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for the 1:5 bonus issue.
 "Berger Paints gains 4% on turning ex-bonus; stock hits 52-week high")
Sebi levies Rs 55 lakh fine on 11 entities for non-genuine trades
The orders came after the regulator observed large-scale reversal trades in the illiquid stock options segment on the BSE, leading to artificial volumes on the exchange
 "Sebi levies Rs 55 lakh fine on 11 entities for non-genuine trades")
Rupee appreciates by 38 paise to 82.75 against US dollar in early trade
On Thursday, the rupee consolidated in a narrow range to settle 2 paise lower at 83.13 against the dollar
 "Rupee appreciates by 38 paise to 82.75 against US dollar in early trade")