Page 1285 - Markets News
SRF hits over 2-month low; slips 10% in three days on heavy volumes
In FY24, SRF's primary focus will be on profitability enhancement and further rationalisation of operating cost and working capital in the packaging film biz, its FY23 annual report said
 "SRF hits over 2-month low; slips 10% in three days on heavy volumes")
El Nino biggest immediate risk for the markets; not priced in yet: Analysts
Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.
 "El Nino biggest immediate risk for the markets; not priced in yet: Analysts")
PTC Industries hits 52-week high, hits 20% upper circuit on healthy outlook
PTC is one of the world's leading suppliers of high-precision metal components for critical and super-critical operations across a wide range of segments including Aerospace, Defence, and Industrial
 "PTC Industries hits 52-week high, hits 20% upper circuit on healthy outlook")
Go Fashion slips 5% after over 10% equity change hands on NSE
According to reports, the Indian arm of US venture capital firm Sequoia Capital was planning to sell 10 per cent stake in Go Fashion (India) worth Rs 625 crore on Monday in block deals.
 "Go Fashion slips 5% after over 10% equity change hands on NSE")
Nifty, Nifty Bank eye range-bound moves; here's how to trade them
Given that the overall trend is bullish, the recommended trading strategy would be to consider buying NIfty50 near the support levels
 "Nifty, Nifty Bank eye range-bound moves; here's how to trade them")
Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor
Stocks to watch on June 12, 2023: Indiabulls Housing Finance, Indian Energy Exchange (IEX) and India Cements are the three stocks in F&O ban period on Monday.
 "Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor")
Cracking the investment strategy: FPIs are bullish on finance, auto stocks
Financial services saw maximum buying at Rs 9,289 crore, followed by auto stocks at Rs 3,997 crore and consumer services at Rs 1,931 crore
 "Cracking the investment strategy: FPIs are bullish on finance, auto stocks")
Sebi's SCORES platform disposes of 2,457 complaints against cos in May
A total of 2,457 complaints against companies and market intermediaries have been disposed of through Sebi's SCORES platform in May
 "Sebi's SCORES platform disposes of 2,457 complaints against cos in May")
Bank vs IT stocks: Domestic fund managers face a 'Hobson's choice'
Backing the right pack can help in alpha generation, as the two often move contrarily
 "Bank vs IT stocks: Domestic fund managers face a 'Hobson's choice'")
Street signs: Mkts turn skittish near new highs, Index fund inflows & more
The benchmark indices registered declines in the previous two trading sessions, which could be a bearish sign, observe analysts
 "Street signs: Mkts turn skittish near new highs, Index fund inflows & more")
FPIs buying spree continues; invest Rs 9,800 cr in equities this month
Foreign Portfolio Investors (FPIs) continued their buying stance and pumped in close to Rs 9,800 cr in Indian equities this month so far, on strong economic growth and attractive valuations of stocks
 "FPIs buying spree continues; invest Rs 9,800 cr in equities this month")
CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%
Shares of Indian Energy Exchange (IEX) plunged more than 10% on Friday on fears that the implementation of 'market coupling' norms will make a dent into revenues
 "CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%")
Sebi cancels Emkay Commotrade license for trading illegal paired contracts
Capital markets regulator Sebi on Friday cancelled the registration of Emkay Commotrade for facilitating its clients to trade in illegal 'paired contracts' on the National Spot Exchange Ltd
Sun Pharma's growth prospects look healthy; analysts positive on the stock
Majority of analysts positive on the stock; their average target price indicates an upside potential of 15 per cent
 "Sun Pharma's growth prospects look healthy; analysts positive on the stock")
Indices end lower as investors brace for Federal Reserve's monetary policy
Sensex, Nifty dip for second day in a row but manage to eke out weekly gains
 "Indices end lower as investors brace for Federal Reserve's monetary policy")
Sebi's new FPI disclosure norms could pose roadblock for compliances
The recent proposal by Sebi to make disclosure norms more stringent for Foreign Portfolio Investments (FPIs) has reignited the discussion on Indias stand on promulgating ease of doing business
Equity mutual fund outflows hit 20-month high in May on profit booking
Investments through SIPs rise to record high in May
 "Equity mutual fund outflows hit 20-month high in May on profit booking")
Macquarie downgrades 3 private sector insurers on growth concerns
At present, HDFC Life trades at 15.3x its projected VNB for FY25, while ICICI Pru and SBI Life trade at 8.1 times and 9.5 times, respectively
 "Macquarie downgrades 3 private sector insurers on growth concerns")
Sensex dips for 2nd day, falls 223pts; Nifty gives up 18,600; IEX tanks 10%
CLOSING BELL, JUNE 9, 2023: Tata Steel, HUL, State Bank of India (SBI), Infosys, HCL Tech, Asian Paints, ITC, TCS, and RIL were the top laggards
 "Sensex dips for 2nd day, falls 223pts; Nifty gives up 18,600; IEX tanks 10%")
Life Insurance Corporation increases stake in SAIL by 2.001% to 8.687%
Earlier this week, LIC had raised its stake in IT firm Tech Mahindra Ltd by about 2 per cent through an open market acquisition
 "Life Insurance Corporation increases stake in SAIL by 2.001% to 8.687%")