Page 1261 - Markets News
Adani Green tanks 12% after nearly 3% equity change hands via block deal
At 09:15 AM; around 44.24 million shares representing 2.8 per cent of total equity of AGEL changed hands on the BSE, the exchange data shows.
 "Adani Green tanks 12% after nearly 3% equity change hands via block deal")
Telecom infra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%
The Union Cabinet on Friday approved Rs 1.3 trillion ($17 billion) worth of investments to drive the next stage of the government's ambitious BharatNet project.
 "Telecom infra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%")
Yatharth Hospital debuts on a quiet note, commands 14% gain at day's high
The stock moved higher to Rs 341, a 14% premium against its issue price of Rs 300 per share, after listing at Rs 306.10 on the NSE.
 "Yatharth Hospital debuts on a quiet note, commands 14% gain at day's high")
Paytm rallies 12% as Vijay Shekhar Sharma buys 10.3% stake from Antfin
On closing of this transaction, Sharma's shareholding in Paytm (direct and indirect) will increase to 19.42 per cent, whereas Antfin's shareholding will reduce to 13.5 per cent
 "Paytm rallies 12% as Vijay Shekhar Sharma buys 10.3% stake from Antfin")
Zen Technologies hits 10% upper limit on strong Q1 performance
The company's net profit jumped nearly 6-fold to Rs 47.13 crore for Q1FY24, backed by a near 4-fold growth in revenue.
 "Zen Technologies hits 10% upper limit on strong Q1 performance")
China or India? Where should investors put their money in coming Asia boom
Goldman Sachs Group Inc. analysts expect India's share of global equity market capitalisation to quadruple between now and 2075-reaching 12 per cent, when it will be neck and neck with China's
 "China or India? Where should investors put their money in coming Asia boom")
Investors in India see yet another year of high rates on price shock
Overnight-indexed swaps show that India's borrowing costs are likely to decline only in the second half of 2024, a shift from earlier when they were pricing in two reductions after the June meeting
 "Investors in India see yet another year of high rates on price shock")
Stocks to Watch today, Aug 07: Yatharth, TD Power, RIL, BoB, GNFC, Zen Tech
Stocks to watch on August 07, 2023: Shares of consumer discretionary such as Dixon Tech and Amber Enterprises are expected to be in focus after government relaxed curbs on laptop imports.
 "Stocks to Watch today, Aug 07: Yatharth, TD Power, RIL, BoB, GNFC, Zen Tech")
Sell Nifty50 if it breaches below 19,300; Bias for Bank Nifty bearish
According to Ravi Nathani, an independent technical analyst, a downward correction is likely for Nifty50 if it breaches below 19,300-mark
 "Sell Nifty50 if it breaches below 19,300; Bias for Bank Nifty bearish")
Street signs: False start for ARCL, encouraging GMPs for SBFC, and more
Sebi, received criticism from the Securities Appellate Tribunal (SAT) last week for meting out harsh punishment in a case that dates back over a decade
 "Street signs: False start for ARCL, encouraging GMPs for SBFC, and more")
Foreign portfolio investors: The back-seat driver in market dashboard
Flows go into reverse gear on rising US bond yields
 "Foreign portfolio investors: The back-seat driver in market dashboard")
Low risk appetite only sees hunger for hybrids growing, shows data
MFs expect hybrid funds to become investor favourites
 "Low risk appetite only sees hunger for hybrids growing, shows data")
Mumbai realty firm stocks may climb wall of worry, one valuation at a time
Regardless of weak Q1, developers reiterate strong pre-sales momentum in FY24
 "Mumbai realty firm stocks may climb wall of worry, one valuation at a time")
FPIs withdraw Rs 2,000 cr in first week of Aug due to Fitch downgrading
In addition, the rich and stretched valuations and minor profit booking could be the reasons for this outflow, Yes Securities Chief Investment Advisor Nitasha Shankar said
 "FPIs withdraw Rs 2,000 cr in first week of Aug due to Fitch downgrading")
M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard
Last week, the BSE benchmark fell by 438.95 points or 0.66 per cent
 "M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard")
Markets to focus on Q1 earnings, RBI interest rate this week: Analysts
Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added
 "Markets to focus on Q1 earnings, RBI interest rate this week: Analysts")
Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24
Contribution rose to 39% in Q1FY24 from 35.28% a year ago
 "Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24")
Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
Capital markets regulator Sebi reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments
 "Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months")
Laptop import curbs lift EMS stocks but analysts warn of jumping the gun
In the June quarter, electronics became India's fourth-largest exported item overtaking chemicals, drugs and pharmaceuticals. This surge was led by mobile phones aided by 2020 PLI scheme
 "Laptop import curbs lift EMS stocks but analysts warn of jumping the gun")
Overseas holdings of MFs fall 13.5% in FY23, outlay at $5.6 bn in March
At the same time, the investment of foreign investors in Indian MFs increased by 1.6 per cent (in dollar terms) to $18.7 billion
 "Overseas holdings of MFs fall 13.5% in FY23, outlay at $5.6 bn in March")