Page 1296 - Markets News
Adani stocks gain up to 5% after stock exchanges widen circuit filters
Of the four scrips which underwent price band change, only Adani Green closed 0.75% down at Rs 985.45
 "Adani stocks gain up to 5% after stock exchanges widen circuit filters")
Demat account openings rise in May, total count at new high of 118.2 mn
2.1 mn new accounts added, up 32% MoM from 1.6 mn in April, and in line with previous 12-month average of 2 million
 "Demat account openings rise in May, total count at new high of 118.2 mn")
Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying
CLOSING BELL, JUNE 7, 2023: The frontline indices ended at 6-month highs
 "Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying")
Suzlon Energy soars 18% to hit over 5-year high amid heavy volumes
A combined 1,121 million shares, which represented 11.1 per cent total equity of Suzlon Energy changed hands on the NSE and BSE
 "Suzlon Energy soars 18% to hit over 5-year high amid heavy volumes")
Tata Motors market cap scales record high; tops Rs 2 trillion mark
Thus far in the calendar year 2023, shares of Tata Motors and Tata Motors DVR have rallied 48 per cent, as compared to 2.8 per cent rise in the S&P BSE Sensex.
 "Tata Motors market cap scales record high; tops Rs 2 trillion mark")
Axis Bank joins Rs 3-trillion market cap club; stock surges 7% in one week
At 10:27 AM; with a market cap of Rs 3.02 trillion, Axis Bank stood at the 17th position in overall ranking of the BSE listed companies, data shows.
 "Axis Bank joins Rs 3-trillion market cap club; stock surges 7% in one week")
BSE Smallcap index hits record high; experts see more upside
Aurionpro, BDL, Centum Electronics, Cigniti Techno, Data Patterns, Dreamfolks, Fusion Micro, IOX Exchange, KDDL, Mahindra CIE, Safari Ind and Syngene hit their respective all-time highs today
 "BSE Smallcap index hits record high; experts see more upside")
Torrent Power soars 9% on inking MoU with Maharashtra govt for 3 projects
The company has signed a MoU with the Maharashtra government for setting up three Pumped Storage Hydro Projects of 5,700 MW capacity in Maharashtra, would entail an investment of about Rs 27,000 crore
 "Torrent Power soars 9% on inking MoU with Maharashtra govt for 3 projects")
Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power
Stocks to Watch today, June 7, 2023: Tata Power, Uniparts India, Seshasayee Paper, Marksans Pharma will turn ex-dividend on Wednesday
 "Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power")
Adani stocks still reeling from losses inflicted by Hindenburg report
While two of Adani's 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away
Book profits in Nifty FMCG and await clear direction in Nifty Metal index
Nifty FMCG is in the overbought zone, indicating that it is expected to trade sideways or experience a timewise or a pricewise correction, says Ravi Nathani
 "Book profits in Nifty FMCG and await clear direction in Nifty Metal index")
Hold longs in Nifty with stop loss of 18500; Hikal, Nesco bullish on charts
The breadth of the market is bullish as more than 67 per cent of the stocks are trading above their 200 DMA, says Vinay Rajani of HDFC Securities
 "Hold longs in Nifty with stop loss of 18500; Hikal, Nesco bullish on charts")
SAT overrules Sebi's order on cancelling of Brickwork Ratings' licence
India's markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal's website
 "SAT overrules Sebi's order on cancelling of Brickwork Ratings' licence")
Improving prospects drive auto major Maruti Suzuki India's shares
Auto major seen gaining market after higher margins and volumes; valuations though may limit near-term upside
 "Improving prospects drive auto major Maruti Suzuki India's shares")
IT stocks witness fresh turbulence; posts biggest decline in nearly 2 mths
Software firm EPAM's guidance cut fresh trigger; underscores weak discretionary spending, say analysts
 "IT stocks witness fresh turbulence; posts biggest decline in nearly 2 mths")
5 Adani Group stocks settle in positive; Ambuja Cements stock up 4.54%
Five of the ten listed Adani stocks ended in the positive territory on Tuesday after the group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme
 "5 Adani Group stocks settle in positive; Ambuja Cements stock up 4.54%")
Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally
CLOSING BELL, JUNE 6, 2023: IKIO Lighting IPO sailed through on the first day itself with 1.2 times subscription till 3:30 PM
 "Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally")
SAT quashes 'unjustified' Sebi order nixing Brickwork Ratings licence
Directs regulator to issue fresh order on penalty while upholding certain violations
 "SAT quashes 'unjustified' Sebi order nixing Brickwork Ratings licence")
HBL Power rallies 10%; hits new high after nearly 7% equity changes hands
Till 02:50 PM; a combined 19.2 million equity shares, representing 6.9 per cent of total equity of HBL Power, had changed hands on the NSE and BSE
 "HBL Power rallies 10%; hits new high after nearly 7% equity changes hands")
Maan Aluminium zooms 19% on bonus issue, stock split plan
The company said the board will meet on Friday, June 9, to consider bonus issue and stock split proposal
 "Maan Aluminium zooms 19% on bonus issue, stock split plan")