Page 1269 - Markets News
BSE-listed firms' market valuation touches all-time high of Rs 303.59 trn
The rally came despite weakness in European markets and a mixed ending in key Asian gauges
 "BSE-listed firms' market valuation touches all-time high of Rs 303.59 trn")
Bullseye: Indices log fresh highs as big guns fire, Nifty tops 19.7K
HDFC Bank result, buying in RIL boost benchmarks
 "Bullseye: Indices log fresh highs as big guns fire, Nifty tops 19.7K")
Mutual funds turn upbeat on health care sector, divided on IT prospects
Automobile, capital goods among top overweights for domestic funds
 "Mutual funds turn upbeat on health care sector, divided on IT prospects")
Merged HDFC Bank mcap settles at $154.2 bn; 7th most valuable bank globally
Monday was the first day when the 3.11 billion new shares of HDFC Bank issued to shareholders of erstwhile Housing Development Finance Corp (HDFC) commenced trading
 "Merged HDFC Bank mcap settles at $154.2 bn; 7th most valuable bank globally")
SAT sets aside Sebi AO order in NSE colo matter, sees nothing new in it
Tribunal was comparing latest order with previous one for which it issued directions in Jan; quashes fine imposed by Sebi officer, says same violation cannot suffer two penalties
 "SAT sets aside Sebi AO order in NSE colo matter, sees nothing new in it")
Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%
CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732
 "Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%")
NSE imposes penalty of Rs 1.67 cr on Angel One for flouting norms
As per the order, a monetary penalty of Rs 1.67 crore has been levied on the broking company. In addition, it has prohibited from onboarding new APs for a period of 6 months
 "NSE imposes penalty of Rs 1.67 cr on Angel One for flouting norms")
Netweb Tech IPO sails through on day 1; here's what brokerages recommend
Netweb Tech IPO: The company has a fixed price band between Rs 475-Rs 500 per share. The issue will close on Wednesday, July 19
 "Netweb Tech IPO sails through on day 1; here's what brokerages recommend")
Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak
Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts
 "Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak")
Avenue Supermarts dips 4% on disappointing June quarter results
The company's consolidated net profit grew merely by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.
 "Avenue Supermarts dips 4% on disappointing June quarter results")
Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023
Since 2021, the stock price of Lloyds Metals has skyrocketed 5,686 per cent to Rs 582.70 from level of Rs 10.07 at the end of December 2020.
 "Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023")
Wage bill of listed pvt. companies up 17% at Rs 11.5 trn in FY23: Report
The rising trajectory of private corporate wage bill appears structural, having grown from around 9 per cent of GDP in FY12 to around 13 per cent in FY22
 "Wage bill of listed pvt. companies up 17% at Rs 11.5 trn in FY23: Report")
Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results
For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products & solutions will aid growth, analyst said
 "Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results")
Angel One dips 7% as NSE bars onboarding of new authorised persons
Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company.
 "Angel One dips 7% as NSE bars onboarding of new authorised persons")
Stocks to watch: HDFC Bank, Bandhan Bank, LTIMindtree, Angel One, D-Mart
Stocks to watch on July 17, 2023: From HDFC Bank to Angel One, here are the top stocks to watch in Monday's trading session
Nifty bulls need to keep an eye on these two key levels, show charts
Meanwhile, if the Bank Nifty closes above 45,150 it would indicate fresh strength, says Ravi Nathani, an independent technical analyst.
 "Nifty bulls need to keep an eye on these two key levels, show charts")
Been more surprised with the rise in global markets: Andrew Holland
"The markets may have run up recently, but we do not believe it to be an irrational exuberance bubble"
 "Been more surprised with the rise in global markets: Andrew Holland")
As funding winter continues, how fintech firms may find path to thaw
Regulators have recognised the potential they hold for our country. It is now upon companies to take the mantle forward
 "As funding winter continues, how fintech firms may find path to thaw")
NSE raps Angel One for lapses, slaps Rs 1.67 crore monetary penalty
Angel One has said NSE's order does not affect the existing business or the activities of the APs affiliated with the company
 "NSE raps Angel One for lapses, slaps Rs 1.67 crore monetary penalty")
Street signs: Micro-caps feel pinch of curbs, Netweb GMP above 65% & more
The grey market premium (GMP) for Netweb Technologies, India's largest manufacturer of supercomputing systems, is hovering above 65%
 "Street signs: Micro-caps feel pinch of curbs, Netweb GMP above 65% & more")