Page 1297 - Markets News
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")
Indian markets can withstand a somewhat expensive multiple: Jonathan Garner
For foreign investors, there is a good opportunity to buy Japan, Korea and Taiwan in the Asian region, he said in this exclusive interview on the sidelines of the Morgan Stanley India Investment Forum
 "Indian markets can withstand a somewhat expensive multiple: Jonathan Garner")
NSE to shift Nifty Bank F&O expiry day to Friday, weeks after BSE
BSE did not comment on the possible impact of NSE's decision on its revived volumes
 "NSE to shift Nifty Bank F&O expiry day to Friday, weeks after BSE")
Force Motors gains 4% to hit a new high on healthy May sales numbers
The company reported a healthy 30 per cent year-on-year (YoY) and month-on-month (MoM) jump in its total sales of 2,645 units in May month.
 "Force Motors gains 4% to hit a new high on healthy May sales numbers")
Capacite Infra surges 51% in 1 month on improved operational performance
The company said the project awarding has seen an uptick and will likely gain further momentum in the coming quarters
 "Capacite Infra surges 51% in 1 month on improved operational performance")
Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%
Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency, says Crisil Ratings.
 "Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%")
Mazagaon Dock extends rally to 8th straight day; zooms 27% in two days
Going ahead, analysts at ICICI Securities perceive peak execution through to FY25E based on the current orderbook visibility.
 "Mazagaon Dock extends rally to 8th straight day; zooms 27% in two days")
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
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")