Page 1277 - Markets News

Steel Strips Wheels hits record high, surges 9% on healthy growth outlook

SSWL is looking to expand its presence in alloy wheel with global passenger car segment customer

Reasonably priced OMC stocks to gain as marketing margins may revive

Benign crude oil prices to improve margins; political considerations in the backdrop of forthcoming state and general elections are downside risks

ICICI Securities surges 15%; board to mull share delisting on June 29

The company plans to delist its equity shares pursuant to a Scheme of Arrangement with ICICI Bank.

Shree Cement plunges 10%; hits 5-month low amid ongoing Income Tax survey

Last week the Income Tax department initiated a survey action at five locations of the cement manufacturer.

Equity, oil markets can breathe easy for now as tension in Russia cools off

Analysts believe, the progress of monsoon, FII and DII fund flows and the upcoming Q2 earnings, are the key triggers for Indian markets

Stocks to Watch: IndusInd Bank, Ipca Lab, Infosys, ICICI Securities, RVNL

Stocks to Watch on June 26, 2023: The Hinduja Group is in talks to invest Rs 10,000 crore to hike its stake in IndusInd Bank, as per media reports

Bank Nifty near lower-end of consolidation range; key support at 43,400

According to Ravi Nathani, an independent technical analyst, the Nifty 50 is seen consolidating in the 18,500 to 18,900 range.

Strong FPI flows and buoyant retail sentiment to keep bulls snorting

A trend reversal may happen if FPI flows turn negative; Nifty will need to fall below Mt 18,000 to go into serious downtrend

FPI flows this year ride the coat-tails of ETFs and block deals, shows data

A turnaround in foreign flows has helped domestic markets exceed the all-time highs chalked up in December 2022 and rebound more than 10 per cent from this year's lows

Indian market has breadth and depth of firms to invest in: Sukumar Rajah

Our biggest overweight by sector is financial, where our top holdings include ICICI Bank and HDFC Bank. This reflects our optimism about the outlook for investment and consumption in the economy

Street Signs: Likely vacuum at Sebi, drone maker IdeaForge IPO, and more

Shares of drone maker ideaForge Technology are commanding a premium of nearly 70 per cent in the grey market ahead of its initial public offering

Liquidation scheme for AIFs to aid in deriving maximum value: Experts

The new scheme provides flexibility to AIFs to deal with investments that are not sold due to a lack of liquidity during the winding-up process

M-cap of 6 of valued firms erodes by Rs 1 trn, Reliance takes biggest hit

Last week, the BSE benchmark fell 405.21 points or 0.63 per cent amid a bearish trend in global equities and concerns over rate hikes by central banks of various countries

Markets may face volatility, global cues to drive momentum: Analysts

Focus would also remain on the movement of monsoon and trading activity of Foreign Institutional Investors (FIIs)

Indices post first weekly decline in five weeks; Sensex falls 260 points

The Nifty Smallcap index, however, managed to eke out 1.5 per cent gains for the week

Regulator IRDAI approves transfer of HDFC Life shares to HDFC Bank

HDFC announced a $40 billion deal last year to merge with the top private lender

Foreign exchange reserves surge by $2.34 billion to $596 billion: RBI data

The reserve rose mainly on account of a rise in the RBI's foreign currency assets, which rose by 2.57 billion to $527.65 billion in the previous week

Shriram Finance's long-term prospects intact as merger synergies play out

With one-off costs behind it, performance of NBFC should improve as merger synergies play out

MSCI acknowledges India's transition to T+1 shorter settlement cycle

Stresses on need for coordinated transition to the shorter cycle

MCX shares fall as exchange cancels mock trading session for new platform

In a circular on Thursday, MCX said, "the exchange had proposed a mock trading session on 22 June 2023, from 05.00 pm to 11.30 pm which stands cancelled."