Page 1293 - Markets News
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")
Nifty 50 to face resistance at 18,650; Nifty Bank may slip into downtrend
The Stochastic and RSI indicators are showing a downward slope for the Nifty Bank index, indicating a bearish outlook, says Ravi Nathani, an independent technical analyst
 "Nifty 50 to face resistance at 18,650; Nifty Bank may slip into downtrend")
NSE, BSE to introduce surveillance mechanism for micro-small firms on Jun 5
To curb volatility in small-cap counters, leading stock exchanges BSE and NSE have put in place an enhanced surveillance mechanism for companies that have a market cap of less than Rs 500 crore.
 "NSE, BSE to introduce surveillance mechanism for micro-small firms on Jun 5")
A 'nifty' little move: HDFC Life, SBI Life lead earnings upgrades
FY24 earnings growth to be led by BFSI, oil and gas, metal, and automotive
 "A 'nifty' little move: HDFC Life, SBI Life lead earnings upgrades")
Street Signs: Spotlight on IKIO, CSK hits unlisted market for a six & more
Chennai Super Kings (CSK) is a champion in the unlisted market. Shares of CSK have rallied more than 10 per cent following its surprise victory in the recently concluded IPL
 "Street Signs: Spotlight on IKIO, CSK hits unlisted market for a six & more")
More than skin-deep: Nifty Next 50 complexion to get a shade of difference
Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn
 "More than skin-deep: Nifty Next 50 complexion to get a shade of difference")
Mcap of 7 most-valued firms erodes by Rs 65,656 cr; RIL biggest laggard
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 65,656.36 crore last week, with Reliance Industries taking the biggest hit, amid a muted trend in domestic equities
 "Mcap of 7 most-valued firms erodes by Rs 65,656 cr; RIL biggest laggard")
Flex space demand among Indian corporates rises to 10-12%: Colliers
Indian corporates are fast embracing flexible workspace which now accounts for 10-12 per cent of their real estate portfolio compared to 5-8 per cent pre-COVID pandemic, according to Colliers.
 "Flex space demand among Indian corporates rises to 10-12%: Colliers")
Bond yields fall marginally this week tracking a sharp decline in US peers
All 64 economists in the poll conducted between May 16 and May 29 expected no change to the 6.50% repo rate
 "Bond yields fall marginally this week tracking a sharp decline in US peers")
Favourable winds blowing for cement sector, demand remains strong
Most of the majors have good balance sheets with low debt-to-Ebitda ratios
 "Favourable winds blowing for cement sector, demand remains strong")
Indices end week in the green after US averts default; Sensex up 119 points
Strong May sales saw automobile stocks outperform on Friday. Maruti and Mahindra & Mahindra gained 1.73 per cent and 1.7 per cent, respectively
 "Indices end week in the green after US averts default; Sensex up 119 points")
UTI, SBI MFs lead small town footprint due to strong branch presence
Table-topper UTI MF prides itself on the distribution network it has created in B-30 locations
 "UTI, SBI MFs lead small town footprint due to strong branch presence")
Revision of ONDC discounts lifts Zomato stock 5% at Rs 71.15 apiece
Last month, the food delivery platform reported a narrowing of losses on both year-on-year (YoY) and sequential bases for the March quarter
 "Revision of ONDC discounts lifts Zomato stock 5% at Rs 71.15 apiece")
Trading activity picks up pace in May amid buoyancy in the markets
Cash segment turnover hits 8-month high in May
 "Trading activity picks up pace in May amid buoyancy in the markets")
Coal India OFS retail book subscribed 1.4x a day after QIP garnered 1.6x
Bulk of bids came at around Rs 226 against base price of Rs 225, in first major disinvestment in FY24
 "Coal India OFS retail book subscribed 1.4x a day after QIP garnered 1.6x")
Sebi releases bond trading guidelines on RFQ platform to increase liquidity
Capital markets regulator Sebi came out with guidelines for transactions in corporate bonds through Request for Quote (RFQ) platform by stock brokers in order to increase liquidity on the platform
 "Sebi releases bond trading guidelines on RFQ platform to increase liquidity")
Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine
CLOSING BELL ON JUNE 02, 2023: The NSE Nifty 50 finished 46 points higher at 18,534; Hero MotoCorp, Apollo Hospitals and Hindalco rallied over 3 per cent each.
 "Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine")
Finfluencers now 'renting' research analyst licences in fear of Sebi action
They are charging a rent of 20% of the fee they make by providing trading calls and stock tips
 "Finfluencers now 'renting' research analyst licences in fear of Sebi action")
Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days
Apollo Hospitals is looking to sell around 5-6 per cent stake in Apollo HealthCo at an expected enterprise value of $2.5-$3 billion, said a report by The Economic Times
 "Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days")
Bank of Baroda board approves raising Rs 5,000 crore by March 2024
The capital will be raised when the market is conducive, the bank said
 "Bank of Baroda board approves raising Rs 5,000 crore by March 2024")