Page 1278 - Markets News
IKIO extends rally post strong listing; zooms 67% over issue price
The stock hit a new high of Rs 477.15, surging 7% on the BSE in Friday's intra-day trade
 "IKIO extends rally post strong listing; zooms 67% over issue price")
Delhivery, Craftsman Automation: Strategies for stocks amid block deals
Shares of Delhivery and Craftsman Automation may rise up to 15% and 12%, respectively, show technical charts
 "Delhivery, Craftsman Automation: Strategies for stocks amid block deals")
Voltas dips 4%, nears 52-week low on concerns of tepid growth in RAC biz
As per management, the Room Air Conditioner business did well in April, but Voltas saw below-expected volume growth in the key month of May due to unseasonal rain.
 "Voltas dips 4%, nears 52-week low on concerns of tepid growth in RAC biz")
Accenture's lowered guidance spells more trouble for IT sector: Analysts
Brokerages have maintained a cautious to negative stance on the Indian IT sector given Accenture's muted deal bookings, lagging demand in key verticals, and emerging pricing pressure
 "Accenture's lowered guidance spells more trouble for IT sector: Analysts")
Adani Group shares tumble up to 6% amid reports of US regulatory scrutiny
The US Attorney's Office in Brooklyn, New York, has sent inquiries in recent months to institutional investors with large holdings in the India conglomerate, report.
 "Adani Group shares tumble up to 6% amid reports of US regulatory scrutiny")
Tube Investments hits new high; rallies 5% on healthy business outlook
The stock of auto components & equipments company was trading higher for the fourth straight day, surging 14 per cent during the period.
 "Tube Investments hits new high; rallies 5% on healthy business outlook")
Stocks to watch: L&T, GAIL, ONGC, Fortis Health, Tata Power, Paytm, Vedanta
Stocks to watch on June 23, 2023: From L&T to Fortis Health, here are top stocks to watch in Friday's trading session
 "Stocks to watch: L&T, GAIL, ONGC, Fortis Health, Tata Power, Paytm, Vedanta")
F&O Strategy: Here's why you should adopt Bear Spread on AB CAPITAL
Buy AB Capital Rs 170 Put option and simultaneously Sell Rs 165 Put of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
 "F&O Strategy: Here's why you should adopt Bear Spread on AB CAPITAL")
Nifty Midcap 50 weekly chart signals caution; watch out for these levels
According to Ravi Nathani, an independent technical analyst, while the Nifty Midcap index has strong resistance around 10,125 level.
 "Nifty Midcap 50 weekly chart signals caution; watch out for these levels")
Sebi bars Eros Group entities, MD from securities mkt over irregularities
The SEBI has barred Eros International Media Ltd, Eros Worldwide and Eros Digital from the securities market until further orders
 "Sebi bars Eros Group entities, MD from securities mkt over irregularities")
AIF industry seeks clarity on liquidation scheme for unsold investments
Industry feels there's ambiguity over applicability for funds which have exhausted the one-year period
 "AIF industry seeks clarity on liquidation scheme for unsold investments")
Sebi revokes securities market ban on 6 entities in Poonawalla Fincorp case
The six entities had filed the settlement applications under the provisions of Sebi (Settlement proceedings) rules in respect of the alleged violation of norms, according to a Sebi order
 "Sebi revokes securities market ban on 6 entities in Poonawalla Fincorp case")
Sebi bars Eros International, MD Sunil Lulla from securities market
Sebi has observed that Eros' 95 per cent of the revenue between the 2019-20 financial year (FY20) and FY22 have been from related parties
Sebi slaps Rs 20 lakh penalty on 4 entities for non-genuine trades on BSE
The four entities that have been fined on Thursday were among those who indulged in the execution of reversal trades
Accenture forecasts fourth-quarter revenue below Wall Street estimates
Shares of the company were down 2% in trading before the bell
 "Accenture forecasts fourth-quarter revenue below Wall Street estimates")
India Inc may feel heat of new governance norms, higher compliance
Sebi has brought about a raft of changes to listing norms aimed at greater transparency
Sebi rolls out approach for valuation of AIFs for liquidation schemes
Sebi said that AIF needs to appoint an independent valuer who is registered with the IBBI and has at least three years of experience in the valuation of unlisted securities
 "Sebi rolls out approach for valuation of AIFs for liquidation schemes")
Sensex tumbles 284 pts, Nifty below 18,800; Bajaj Fin, TaMo fall 2%, RIL 1%
Closing Bell on June 22, 2023: The S&P BSE Sensex hit a fresh record high of 63,602 in intra-day trades on Thursday
 "Sensex tumbles 284 pts, Nifty below 18,800; Bajaj Fin, TaMo fall 2%, RIL 1%")
Motorcycle to commercial vehicles: Eicher Motors stock cruising smoothly
Business prospects appear good, but the expected launch of Bajaj Auto's line of Triumph bikes could challenge Royal Enfield's dominance
 "Motorcycle to commercial vehicles: Eicher Motors stock cruising smoothly")
Arvind rallies 5%, hits 52-week high in subdued market on improved outlook
Arvind expects garment volumes to start improving in the second half of the year despite the soft economic outlook globally as customers become comfortable with the economic outlook and resume buying
 "Arvind rallies 5%, hits 52-week high in subdued market on improved outlook")