Page 1263 - Markets News
Nifty holding above key DMAs, to make new high on breakout from this hurdle
Nifty is bullish as it has been holding above 20,50 and 100 DMAs, says Vinay Rajani, gives buy calls on Voltamp and Kalyani Steels
 "Nifty holding above key DMAs, to make new high on breakout from this hurdle")
Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch
Nifty Private Bank index to face resistance between 23,550-23,650; Nifty FMCG remains range-bound, says Ravi Nathani
 "Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch")
Sebi fines MSEI, its MD, CFO for flouting Securities Contracts rules
Capital markets regulator Sebi on Tuesday imposed a penalty totaling Rs 12 lakh on Metropolitan Stock Exchange of India Ltd (MSEI)
 "Sebi fines MSEI, its MD, CFO for flouting Securities Contracts rules")
Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
High gold prices, and a knee-jerk reaction to the ban on Rs 2,000 notes during the recently concluded quarter, WGC said, also dented sentiment for gold
 "Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC")
Sebi at work: Curbs on account aggregator usage, commodity brokers barred
The markets regulator on Tuesday amended its previous circular on trading preferences between exchanges
Mid, smallcaps reach for the sky despite analysts sounding caution
In July, the S&P BSE Smallcap index surged 7.4 per cent as compared to 5.7 per cent rally in the Midcap index, and a modest 2.8 per cent gain in the Sensex.
 "Mid, smallcaps reach for the sky despite analysts sounding caution")
Sebi floats consultation paper to improve Account Aggregator framework
Sebi on Tuesday came out with a proposal on collating and defining use cases of Financial Information Users (FIUs) in the Account Aggregator framework in securities markets
Investment firm attempts to sell assured return product to Sebi official
Capital markets regulator Sebi has imposed a penalty of Rs 12 lakh on investment adviser Investment Visor for promising assured returns
Stock market settlement cycles: India's shift from T+2 to T+1 explained
As the stock market shift from T+2 to T+1 settlement cycle, find out what settlement cycles are and what this means for India's stock market
 "Stock market settlement cycles: India's shift from T+2 to T+1 explained")
Sensex, Nifty end choppy day flat; Power Grid slides 5%, Hero Moto 3%
Closing Bell on August 1, 2023: Power Grid, Hero MotoCorp, Apollo Hospitals, IndusInd Bank, Bajaj Finserv, SBI, Adani Ports, Reliance Industries, and Maruti Suzuki were the top laggards
 "Sensex, Nifty end choppy day flat; Power Grid slides 5%, Hero Moto 3%")
Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month
The management hailed the Q1 performance and said that the demand for wealth management services has increased significantly due to availability of a wide range of investment options
 "Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month")
Hero Moto falls 7% from day's high amid report of PMLA case against Munjal
According to reports, a case has been registered against Chairman Pawan Munjal under the Prevention of Money Laundering Act (PMLA), 2002
 "Hero Moto falls 7% from day's high amid report of PMLA case against Munjal")
Exide Industries rallies 7%, inches to record high on improved Q1 earnings
Steady sales expansion in key verticals along with cost optimisation benefits resulted in healthy EBITDA growth.
 "Exide Industries rallies 7%, inches to record high on improved Q1 earnings")
NTPC, Adani Power: Power stocks may surge up to 12% on robust trend
So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. Overall trend in these power stocks continues to remain sturdy
 "NTPC, Adani Power: Power stocks may surge up to 12% on robust trend")
DLF down 4% after over 20 mn shares change hands via block deal on BSE
Thus far in the current calendar year 2023, DLF has rallied 33 per cent, as compared to 8.7 per cent rise in the S&P BSE Sensex.
 "DLF down 4% after over 20 mn shares change hands via block deal on BSE")
Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high
The base and peak demand is expected to maintain growth at above long-term trajectory during FY24 driven by higher industrial and commercial activities, digitalization and electric transportation.
 "Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high")
Ujjivan Financial, Ujjivan SFB surge up to 18% in 2 days on heavy volume
The entire merger process is expected to be completed within a time-frame of 7-8 months i.e. by October-November 2023, Ujjivan Small Finance Bank said.
 "Ujjivan Financial, Ujjivan SFB surge up to 18% in 2 days on heavy volume")
Hind Copper gallops 18% in 2 days on management rejig; hits 52-week high
Hindustan Copper has appointed Ghanshyam Das Gupta as the Unit Head of Khetri Copper Complex; and Ghanshyam Sharma as the interim CMD.
 "Hind Copper gallops 18% in 2 days on management rejig; hits 52-week high")
Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos
Stocks to Watch on Tuesday, August 1, 2023: The Board of ITC will meet on August 14 to announce Q1FY24 results, and consider the Scheme of Arrangement for the demerger of Hotels Business
 "Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos")
Wall Street, global stocks remain flat ahead of earnings, economic data
The Dow Jones Industrial Average rose 0.11%, to 35,499.78, the S&P 500 was little changed at 4,582.45 and the Nasdaq Composite added 0.07%, to 14,326.87
 "Wall Street, global stocks remain flat ahead of earnings, economic data")