Page 1274 - Markets News
Slow & steady: From 60,000 to 65,000, benchmark Sensex takes 438 days
The latest 5,000-point upmove of the index has taken nearly two years
 "Slow & steady: From 60,000 to 65,000, benchmark Sensex takes 438 days")
Jindal Steel, PNB to migrate to MF large-cap basket: Analyst report
MF industry's stock reclassification to also see entry of Canara Bank and IDBI Bank into largecap space
 "Jindal Steel, PNB to migrate to MF large-cap basket: Analyst report")
Sensex ends above 65,000, Nifty 19,300 for the first time; RIL zooms 2.5%
Closing Bell on July 3, 2023: The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points. The broader Nifty50, meanwhile, zoomed 141 points to 19,330
 "Sensex ends above 65,000, Nifty 19,300 for the first time; RIL zooms 2.5%")
Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%
In the past two trading days, the Nifty PSU Bank index has rallied 6 per cent
 "Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%")
OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs
In the past one-year, shares of OMCs have risen between 18 per cent and 28 per cent on the back of a fall in crude oil prices. Brent crude prices have corrected 20 per cent in the past one year
 "OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs")
BSE board to consider buyback of shares on July 6, stock surges 7%
Following the announcement, shares of BSE rose 7 per cent in intra-day trade to Rs 651.65 apiece on the National Stock Exchange (NSE)
 "BSE board to consider buyback of shares on July 6, stock surges 7%")
HDFC Bank: Despite merger, stock may remain sideways, caution analysts
Shares of HDFC Bank gained 3.2 per cent on the BSE in Monday's intra-day trade to hit a fresh record high of Rs 1,758 apiece
 "HDFC Bank: Despite merger, stock may remain sideways, caution analysts")
Divis Lab, Sun Pharma: Current breakout may lead Pharma index to new peak
Pharm index has broken out on upside, with the positive rally anticipated to hit 14,450
 "Divis Lab, Sun Pharma: Current breakout may lead Pharma index to new peak")
UltraTech Cement hits record high; gains 2% on strong sales volume in Q1
UltraTech's consolidated sales volume rose 19.6 per cent YoY at 29.96 mt, where domestic grey/white cement sales volume grew by ~20 per cent/11 per cent YoY, respectively.
 "UltraTech Cement hits record high; gains 2% on strong sales volume in Q1")
Mcap of BSE-listed firms at record high of Rs 297.94 trn; Sensex at peak
On Friday, the market capitalisation of BSE-listed firms touched an all-time high of Rs 296.48 trn
Suzlon Energy hits over 5-year high; zooms 105% in 7 weeks
Brokerage firm ICICI Securities has initiated the coverage on Suzlon with 'Buy' rating and a target price of Rs 22 per share.
 "Suzlon Energy hits over 5-year high; zooms 105% in 7 weeks")
Ronaldo to launch second NFT collection 'ForeverCR7: The GOAT' today
Legendary footballer, Cristiano Ronaldo, launched his second exclusive NFT collection, ForeverCR7: The GOAT. The NFTs have 20 different designs highlighting the key moments of his career
 "Ronaldo to launch second NFT collection 'ForeverCR7: The GOAT' today")
HDFC twins gain up to 3% after they fix July 13 as record date for merger
HDFC Bank hit a record high of Rs 1,744.70, while HDFC hit a 52-week high of Rs 2,900.60. The stocks have rallied 7 per cent in the past four trading days
 "HDFC twins gain up to 3% after they fix July 13 as record date for merger")
Stocks to Watch on July 3: HDFC twins, TMB, auto shares, SBI, Balaji Amines
Stocks to Watch on Monday, July 3: Post the approval of the merger between HDFC Bank and HDFC, the trading window in HDFC Ltd will remain closed till July 13
 "Stocks to Watch on July 3: HDFC twins, TMB, auto shares, SBI, Balaji Amines")
How to trade Nifty50, Nifty Bank post their record high levels?
According to Ravi Nathani, independent technical analyst, charts suggest bullish trend for both Nifty50 and Nifty Bank indices
 "How to trade Nifty50, Nifty Bank post their record high levels?")
FPIs investments pump 10-month high of Rs 47,148 crore in June
Before this, they invested a net sum of ~51,204 crore in equities in August 2022, the data showed
 "FPIs investments pump 10-month high of Rs 47,148 crore in June")
How dizzying bond moves put 4% yield in play to win over investors
Yields for most tenors approached the highest levels seen so far this year, while wagers that the US Federal Reserve (Fed) might cut interest rates this year fizzled
 "How dizzying bond moves put 4% yield in play to win over investors")
Investors should stay focused on staying invested: Kenneth Andrade
KENNETH ANDRADE, founder and chief investment officer, Old Bridge Capital Management (Old Bridge Capital), tells that equities will get their share of the investment pool
 "Investors should stay focused on staying invested: Kenneth Andrade")
Street Signs: BAFs most popular hybrid funds, Sebi's next move, and more
Sebi Chairperson Madhabi Puri Buch recently said that the capital markets regulator has lined up half a dozen initiatives to ensure a more level playing field in the stock exchange space
 "Street Signs: BAFs most popular hybrid funds, Sebi's next move, and more")
A crystal-ball gaze into second half of calendar 2023's fortunes
HEARD ON THE STREET: Persist, pivot or pause? All eyes on Fed and central banks as brokerages turn market psychics
 "A crystal-ball gaze into second half of calendar 2023's fortunes")