Page 1292 - Markets News
Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass
Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms
 "Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass")
Sell Nifty Pvt Bank on rally; Nifty PSB to see profit booking below 4,050
A close below 4,050 in the Nifty PSU Bank index would likely attract profit booking in the near term, says Ravi Nathani, an independent technical analyst.
 "Sell Nifty Pvt Bank on rally; Nifty PSB to see profit booking below 4,050")
Indian Energy Exchange trade volume grows 8% to 8,251 mn units in May
The average market clearing price was Rs 4.74 per unit during the month, lower by 30 per cent over the corresponding month a year ago
 "Indian Energy Exchange trade volume grows 8% to 8,251 mn units in May")
Astral's high growth prospects reflect well in its high valuation
After gaining 40% already in FY24, the stock is trading at a PE of over 100x
 "Astral's high growth prospects reflect well in its high valuation")
Heavyweights lift benchmarks; Sensex less than 1% away from all-time high
Shares of oil marketing companies fell close to a per cent, while oil producer ONGC gained 0.5 per cent, while RIL gained 0.9 per cent
 "Heavyweights lift benchmarks; Sensex less than 1% away from all-time high")
Two years on, limited-purpose clearing corp to see light of the day
AMC Repo Clearing set to begin ops later this month; move to boost debt market liquidity
 "Two years on, limited-purpose clearing corp to see light of the day")
Wipro shareholders approve Rs 12,000 cr share buyback at Rs 445 apiece
IT company Wipro shareholders have approved a share buyback programme worth Rs 12,000 crore, according to a scrutinizer report released on stock exchanges on Monday
 "Wipro shareholders approve Rs 12,000 cr share buyback at Rs 445 apiece")
Indices near record fresh lifetime highs as buoyancy returns to markets
The laggards include realty, power and IT stocks
 "Indices near record fresh lifetime highs as buoyancy returns to markets")
Sensex climbs 240pts, Nifty ends near 18,600 on firm global cues; M&M up 4%
CLOSING BELL, June 5, 2023: Sectorally, the Nifty Auto index advanced over 1 per cent, while the Nifty Media, Private Bank, and Consumer indices gained up to 0.8 per cent
 "Sensex climbs 240pts, Nifty ends near 18,600 on firm global cues; M&M up 4%")
Angel One client base jumps 44% in May, retail equity market share rises 4%
Angel One saw a 22.4 per cent rise in average daily orders to 4.12 million from 3.36 million last May
 "Angel One client base jumps 44% in May, retail equity market share rises 4%")
Indo Count hits 16-month high; surges 36% in four days on strong Q4 results
The stock price witnessed a healthy recovery in anticipation of gradual restocking by global retailers (home textile was the worst impacted) and India's market share gain in US bedsheet
 "Indo Count hits 16-month high; surges 36% in four days on strong Q4 results")
Stock of this SME company zooms nearly 100% on market debut
The stock price of Hemant Surgical Industries (HSIL) nearly doubled or zoomed 99.5 per cent to Rs 179.55, against its issue price of Rs 90 per share on the BSE on Monday
 "Stock of this SME company zooms nearly 100% on market debut")
Westlife Foodworld makes its debut on the National Stock Exchange
Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE
 "Westlife Foodworld makes its debut on the National Stock Exchange")
Over half of NSE 500 stocks deliver 10x return in 20 years: Goldman Sachs
Some of the prominent Indian stocks that delivered over 10x total returns over a 5-year rolling period since 2000 include Westlife Foodworld, Bharti Airtel, Adani Total Gas, said the report
 "Over half of NSE 500 stocks deliver 10x return in 20 years: Goldman Sachs")
Defence shares in focus; HAL, Bharat Dynamics, BEL hit new highs
The defence sector looks well placed in terms of increasing domestic procurements by the government for our armed forces.
 "Defence shares in focus; HAL, Bharat Dynamics, BEL hit new highs")
Talbros Auto hits new high; rallies 14% on healthy order book position
Over the last year, Talbros has received new multi-year orders over Rs 1,000 crore from both, domestic and overseas customers across its business divisions, product segments and JVs.
 "Talbros Auto hits new high; rallies 14% on healthy order book position")
This Ashish Kacholia-owned stock tops listing day high; soars 19% in 3 days
SJS Enterprises hit a record high of Rs 571.80 on rallying 6 per cent on the BSE in intra-day trade, on strong business outlook.
 "This Ashish Kacholia-owned stock tops listing day high; soars 19% in 3 days")
Indian markets have limited upside in the near-term; buy the dips: Nomura
Nomura prefers domestic-oriented sectors and companies over exporters, and prefers stocks that provide valuation comfort
 "Indian markets have limited upside in the near-term; buy the dips: Nomura")
Tata Motors hits over 6-year high; up 40% thus far in 2023 on solid outlook
On June 2, Tata group signed an outline deal with the government of Gujarat to build a lithium-ion cell factory with an investment of about Rs 13,000 crore
 "Tata Motors hits over 6-year high; up 40% thus far in 2023 on solid outlook")
Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC
Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning
 "Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC")