Page 1286 - Markets News

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

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

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

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

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

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

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

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

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

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

Titagarh Wagons rallies 8%; board to meet Saturday to consider fund raising

A meeting of the board of directors of the company is scheduled on Saturday, June 10, 2023 to consider a proposal to raise funds

Greenlam soars 15% as plywood facility begins operations in Tamil Nadu

The said facility has the potential to generate revenue of Rs 400 crore per annum on full capacity utilization. The total capex incurred for the project stands at Rs 130 crore

Zomato hits fresh 52-week high; surpasses its IPO price after a year

Zomato reported better-than-expected operating performance in the March quarter (Q4FY23)

Tata Steel, JSL: Metals can soar up to 11% if index sustains above 6,041

Except Jindal Stainless, other metal stocks require to cross key barrier to rally forward

HAL hits new high on stock split plan; zooms over 700% from March 2020 lows

The board of directors of state-owned defence company will meet on June 27 to consider a proposal of stock split of the equity shares of the company having a face value of Rs 10 each

Macrotech Developers hits 52-week high; surges 5% on healthy outlook

MDL's operating performance is expected to remain healthy in FY24, supported by healthy enduser demand, strong launch pipeline and healthy affordability, while maintaining a reducing debt trajectory.

Bank of Maharashtra slips 7% as new shares allotted to QIBs get listed

The board of Bank of Maharashtra on Tuesday, June 6, 2023 allotted 350.88 million equity shares of Rs 10 each allotted to QIBs pursuant to QIP

IEX plunges 15%, hits 52-week low amid market coupling worries

According to media reports the Power Ministry has directed the Central Electricity Regulatory Commission (CERC) to implement the process of market coupling in a timely manner.